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    Indiana County Revolving Loan Fund To Help New Business

    1/19/2017
    At yesterday’s meeting of the Indiana County Commissioners, Angela Campisano, Economic Development Specialist with the Indiana County Office of Planning & Development presented the following resolution:  “The Office of Planning & Development recommends to the Board of Commissioners a request for a $250,000 term loan from the Indiana County Revolving Loan Fund (RLF) to Robert Gordon Industries LTD d/b/a Gordon Sinclair and Affiliate (Gordon Sinclair).  Gordon Sinclair was formed in 1989 and is a promotional products supplier of custom decorated bags, drinkware, gifts and other assorted products which it decorates in its factory with the logos and advertising messages of its customers.  The Company will be located at 771 Indian Springs Road (previously occupied by Swanson Industries).  The loan proceeds will be used to partially fund machinery and equipment.  The interest rate will be fixed at 2.85% for a term of 120 months.  The RLF funds shall be leveraged by funds from CNB Bank, the Pennsylvania Industrial Development Authority Equipment and owner contribution.  The borrower will create fifty full-time jobs as a result of this project over the next three years.” 

    The resolution passed unamiously with Commissioner Chairman Mike Baker making comment accordingly:  “I want to thank the Indiana County Office of Planning & Development and its Executive Director Byron G. Stauffer, Jr. for their leadership and hard work in bringing Gordon-Sinclair to Indiana County.  There were a number of other locations within Pennsylvania, as well as in New York and Florida that were under consideration”, Baker said.  “It was a concerted effort on the part of many people and organizations to put this plan together.  We’re very pleased to welcome the company here and we acknowledge and recognize the efforts of everyone involved in making that happen.”

    “Gordon Sinclair started its search for a new plant location,” said Robert Gluck, founder and CEO, “with several states on our list.  Without any reservation, I can say that Indiana County worked harder than anyone else to help us find a building, to connect us to numerous State of PA contacts for financing and incentives, for equipment financing through the County and even to help us find a local bank to work with.  Angela Campisano and Byron G. Stauffer, Jr. from the Indiana County Office of Planning & Development along with their partners Tom Seasoltz and Paul Cooney from ABCD Corporation have been our guiding lights throughout this process and we couldn’t be more thrilled to be expanding our operations to Indiana County.”

    Representative Dave Reed (R-62nd Legislative District) said:  “I applaud our state and county officials who see the tremendous opportunity to attract Gordon Sinclair’s expansion here to Pennsylvania and more specifically Indiana County.  The 50+ jobs that will be injected into our labor force is fantastic and I am fully confident that all of our partners in the Indiana County Center for Economic Operations, will work together in not only helping grow Gordon Sinclair, but to attract other business opportunities to our region.”

    Senator Don White (R-41st Senatorial District) commented, “This is positive economic news for Indiana County that is long overdue.  Gordon Sinclair’s decision to invest in Pennsylvania instead of another state is most welcome and further demonstrates that Indiana County’s labor force, quality of life and infrastructure are some of the best in the nation.  I hope this is the first of many good economic news stories for our community in 2017 and beyond.”

    Kevin D. Lazor, Administrator at Pennsylvania CareerLink®/Indiana County began immediately to work with Gordon Sinclair to provide workforce candidates to fill the positions anticipated. “The PA CareerLink®/Indiana County Management & Staff are pleased to be part of the team serving Gordon Sinclair. We are excited about the opportunities having them expand in Indiana County will bring.  We also look forward to working with their Human Resource staff to fill their needed positons and help them in their transition into our county. We wish them much success in their transition and future business endeavors.” said Lazor.

    The Indiana County Revolving Loan Fund (RLF) provides existing businesses as well as start-ups with funding for real estate (land and buildings), machinery and equipment and working capital, and other eligible costs.  When alternative sources of financing seem inadequate to help a business expand or grow, the Indiana County RLF Program is a low-interest option.  Indiana County administers the Revolving Loan Fund (RLF) to fill potential funding gaps.  One objective of the RLF financing is to advance projects that will create or retain jobs. These jobs should directly result from receiving the loan, and business owners and entrepreneurs will be asked to create and retain jobs within Indiana County. The level of jobs will be based on the level of funding received.  The process requires that a business submit much of the same information they would normally provide to a bank when applying for financing.  The business can start this process by contacting Angela Campisano to discuss a project. Angela can be reached via telephone at (724) 465-3870, extension 3873, or through email at acampi@ceo.co.indiana.pa.us. If it is determined that a project meets the objectives of the program, the business will move on to the next step and be asked to submit the application and supporting documentation. 

    Established in 1994, the Indiana County Center for Economic Operations (CEO) is a countywide public-private partnership serving Indiana County, and is dedicated to the overall growth and prosperity of the county’s business community.  The affiliate members of the CEO are the Indiana County Board of Commissioners, the Indiana County Chamber of Commerce, the Indiana County Development Corporation (ICDC), the Indiana County Tourist Bureau and Indiana University of Pennsylvania (IUP).

  • Thu, 17 Aug 2017 20:41:29 +0000

    Women in manufacturing on the rise

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    BY SPENCER MYERS
    Editor

    The past decades of deindustrialization and resulting layoffs in America have left the manufacturing industry with a potential workforce that is hesitant to enter into what they have been taught is rough work with an uncertain paycheck.

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  • Thu, 17 Aug 2017 20:41:34 +0000

    STEM programs plant opportunities for women, young females

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    BY HALIE KINES
    Industry Reporter

    “I was in [my advisor in undergrad’s] lab, working in the summer with another undergraduate - who was a guy - and [my advisor] said to the guy, ‘when you grow up and go out and become a successful scientist, you can donate money back to Penn State!’, and then he said to me, ‘Heather, when you grow up and marry someone, you can donate money back to Penn State!&rsquo

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  • Thu, 17 Aug 2017 20:41:35 +0000

    How a job acquires a gender

    BY SARAH THEBAUD AND LAURA DOERING
    University of California, Santa Barbara and McGill University

    (AP) - “I’m not bossy, I’m the boss.”

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  • Thu, 17 Aug 2017 20:41:35 +0000

    Beating the fear of rejection

    BY SHARI LEVITIN
    author, speaker and CEO of Shari Levitin Group

    Are you paralyzed by fear? Good. What you’re afraid to do, you must do. The question you’re afraid to ask, you must ask. In this article I will look at “getting out on the skinny branches.” Failure is inevitable. Resilience is a life skill, one that will fill your soul and your pocket.

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  • Thu, 17 Aug 2017 20:41:37 +0000

    Five ways DIY divorces can lead to disaster

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    BY ANN LEVIN
    MCNEES WALLACE & NURICK LLC

    The number of websites offering “do- it-yourself” divorces has exploded in recent years, with many sites advertising services for less than $200. While these sites may be useful for informational purposes, relying solely on these services to complete a divorce can create costly consequences for both parties.

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  • Thu, 17 Aug 2017 20:41:39 +0000

    Entrepreneurial Women’s Expo returns to reinvent itself

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    STATE COLLEGE, PA - Women business owners from throughout Pennsylvania will soon congregate in the Happy Valley to celebrate each other’s successes and help push one another’s businesses to the next step.

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  • Thu, 17 Aug 2017 20:41:40 +0000

    Jobs with higher pay still see gender pay gap

    BY HALIE KINES
    Industry Reporter

    “We always ask why we don’t see women in top leadership positions, but we never ask why we see so many men in these jobs. These positions often require long, stressful hours that may not be worth it if you want a balanced and fulfilling life.”

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  • Thu, 17 Aug 2017 20:41:41 +0000

    Investing in the health of moms and babies

    BY NATALIE MCCULLEN
    RN, BSN, IBCLC International Board-Certified Lactation Consultant

    There is more to breastfeeding than providing milk. By protecting the health status of both mom and baby, breastfeeding has a positive impact on the level of overall public health, along with benefits for our economy and environment, too.

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  • Thu, 17 Aug 2017 20:41:41 +0000

    Student-faculty research earns award from psychology association

    WILLIAMSPORT, PA – Research about the influence of maternal depression on a child’s self-esteem earned a psychology student and her faculty mentor an Eastern Regional Research Award for 2016-17, given by Psi Chi, the national honor society for psychology.

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  • Thu, 17 Aug 2017 20:41:43 +0000

    Speak on It!

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    Public speaking is an excellent way to spread awareness of your business and communicate your vision to groups of receptive, like-minded potential clients. Public speaking can also be a source of passive income to supplement your growing enterprise. Most importantly, delivering an engaging presentation on a topic close to your heart is exhilarating, rewarding and a lot of fun!

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  • Tue, 22 Aug 2017 12:19:18 +0000

    PJM registers power, demand drop during solar eclipse

    PJM Interconnection LLC, the operator of North America’s largest power grid encompassing multiple states including Pennsylvania, saw a drop of about 520 megawatts of wholesale solar generation connected to the grid during the solar eclipse Monday. In addition, PJM also estimated that electricity from behind-the-meter solar generation, mostly rooftop solar panels that offset load, fell by about 1,700 megawatts. PJM said it had expected a reduction in power from rooftop panels to result in an increase…
  • Tue, 22 Aug 2017 12:06:13 +0000

    TFM Truckload Pittsburgh's fastest-growing manufacturing/transportation company

    No. 2 on the 2017 Fastest Growing Companies list.
  • Tue, 22 Aug 2017 11:54:47 +0000

    Interim director appointed at Duquesne Law's new Kline Center for Judicial Education

    Pittsburgh lawyer Joy McNally has been named interim director of the newly established Thomas R. Kline Center for Judicial Education of Duquesne University School of Law. Thomas Kline, a Philadelphia attorney and Duquesne Law alum, made a $7.5 million gift last month to establish the center. It will collaborate with the state’s nine law schools and the Pennsylvania Unified Court System to deliver continuing education courses and seminars for judges. Details about the search for a permanent director…
  • Tue, 22 Aug 2017 11:49:56 +0000

    Tropical Smoothie Cafe coming to Pittsburgh

    Atlanta-based Tropical Smoothie Cafe is entering southwestern Pennsylvania. The fast-casual restaurant chain signed a franchise agreement with Lori Gast, who plans to open the first Pittsburgh location next spring. The company did not identify where the location will be. Following her first opening, Gast plans to develop additional locations throughout the area over the next several years. “Two years ago, my husband and I first experienced Tropical Smoothie Cafe during a trip to North Dakota…
  • Tue, 22 Aug 2017 11:47:16 +0000

    Blast Furnace alum leading University of Alabama accelerator

    The University of Alabama at Birmingham is launching a new commercialization accelerator program to help students and faculty research ideas and concepts and build them into companies, the Birmingham Business Journal, a sister publication, reported. Its executive director, Max Polec, had participated in Blast Furnace, the 2-year-old student startup accelerator at the University of Pittsburgh’s Innovation Institute, and was an intern at the institute. “Not everyone is going to do the startup…
  • Tue, 22 Aug 2017 11:42:49 +0000

    Personalities of Pittsburgh: Jack Glover

    In this week's Personalities of Pittsburgh, Incline Equity's Jack Glover, who caught the investing bug at age 13, talks about becoming an entrepreneur and cracking down on CEOs.
  • Mon, 21 Aug 2017 20:53:21 +0000

    Gas prices hold steady

    With Labor Day on the horizon as the summer driving season winds down, AAA East Central reports that gasoline prices in western Pennsylvania held firm at $2.59 per gallon. AAA said that gasoline inventory levels are on the increase, which played a role in decreasing gas prices in most states in the Mid-Atlantic and Northeast, with the exception of New York and Pennsylvania, which were stable. A year ago, gas prices in the region were about a quarter lower at $2.34. The highest average price in…
  • Mon, 21 Aug 2017 18:45:03 +0000

    Exclusive: UPMC said in talks to take significant space at Station Square

    Health system considering landmark Freight House Shops for new training facility, sources say.
  • Mon, 21 Aug 2017 18:30:07 +0000

    Wabtec suit alleges intellectual property theft by former employee

    The allegation, similar to one leveled by Waymo against Uber earlier this year, claims that a former employee took information on Positive Train Control technology to a spinout company he created while still employed by Wabtec.
  • Mon, 21 Aug 2017 16:17:32 +0000

    Spilman adds five from Pietragallo, including two litigators

    Firm building toxic tort practice at Pittsburgh office.
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