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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, 19 Oct 2017 17:54:34 +0000

    Demand for occupational therapists continues to grow in Pennsylvania

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    BY R. BROCK PRONKO
    Regional Business Analyst

    Occupational therapy helps children with disabilities to participate fully in school and social situations, aids people recovering from injuries, surgeries or strokes and teaches older adults with chronic health problems how to become more independent.

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  • Thu, 19 Oct 2017 17:54:39 +0000

    Geisinger-Lewistown Hospital receives $40,000 from Pink Zone

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    LEWISTOWN, Pa. – Pennsylvania Pink Zone recently presented a $40,000 check to Geisinger-Lewistown Hospital as part of its effort to help with improving breast cancer awareness and treatments in the community.

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  • Thu, 19 Oct 2017 17:54:40 +0000

    Conemaugh Memorial hosts Addiction Crisis Summit

    Johnstown, PA - Conemaugh Memorial Medical Center hosted a free healthcare professional opportunity on the national addiction crisis and a free educational opportunity to the public focused on non- opioid options for pain management.

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  • Thu, 19 Oct 2017 17:54:41 +0000

    Medicare Advantage plan premiums will lower slightly next year

    BY R. BROCK PRONKO
    Regional Business Analyst

    On Oct. 1, UPMC Health Plan released its statewide Medicare Advantage plan rates for 2018. Members in most of UPMC’s six for Life Advantage plans will see their monthly premiums reduced by $2 to $14 next year. UPMC’s for Life HMO Rx Enhanced plan members will see an $8 increase to $263 per month.

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  • Thu, 19 Oct 2017 17:54:41 +0000

    Dismantling Obamacare piece by piece

    BY R. BROCK PRONKO
    Regional Business Analyst

    On October 12, President Trump signed an executive order intended to sidestep the Affordable Care Act by allowing individuals and small businesses to buy alternative health insurance across state lines that carry lower prices, less benefits and fewer government protections than Obamacare.

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  • Thu, 19 Oct 2017 17:54:51 +0000

    HOSPITALS

  • Thu, 19 Oct 2017 17:55:02 +0000

    New downtown businesses, growing annual events bode well for the Juniata River Valley

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    BY SPENCER MYERS
    Editor

    Juniata and Mifflin counties have long held onto businesses and manufacturers that are proven steady economic drivers. Companies like Kish Bank, Philips Ultrasound, Nittany Paper and First Quality make up the economic foundation for the region. However, truth be told, your typical visitor won’t necessarily notice these companies. They’ll notice the new cafe or deli instead.

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  • Thu, 19 Oct 2017 17:55:02 +0000

    FOR THE RECORD

    NEW CORPORATIONS

    BEAVER

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  • Thu, 19 Oct 2017 17:55:05 +0000

    Windber Hospice receives horse show donation

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    WINDBER, PA - The Greater Johnstown Saddle Club and Golden Star Horse Farm presented a check in the amount of $15,000 to Windber Hospice from their 16th Annual Benefit Horse Show that was held on August 19 and 20 at the Greater Johnstown Saddle Club in Salix.

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  • Thu, 19 Oct 2017 17:55:09 +0000

    City Hospitals Auxiliary contributes to UPMC Susquehanna’s Stop the Bleed campaign

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    WILLIAMSPORT, PA – Members of the City Hospitals Auxiliary at UPMC Susquehanna recently made a $25,000 contribution to UPMC Susquehanna’s Stop the Bleed campaign.

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  • Mon, 23 Oct 2017 12:36:45 +0000

    Forbes Hospital to open $16M perioperative center

    A 50,000-square-foot perioperative center will be added to Forbes Hospital in Monroeville, officially beginning with a ground-breaking ceremony Monday. The $16-million center at the hospital, which is operated by Allegheny Health Network, received $1.4 million in state grant funding, according to a news release. The center will serve patients undergoing surgical and nonsurgical procedures at the hospital, including doubling capacity of the post-acute care unit; adding capacity to the cardiac procedure…
  • Mon, 23 Oct 2017 12:23:56 +0000

    Passenger traffic up at Pittsburgh International this summer

    Pittsburgh International Airport saw a 10.7 percent increase in passengers from July 2016 to July 2017, a 13.1 percent increase from August 2016 to August 2017, and 4 percent increase from September 2016 to September 2017, according to a news release. New service on Spirit, WOW air and Condor over the past year, as well as expanded capacity on flights to Chicago on United Airlines, to Boston on JetBlue Airways and to Denver on Southwest Airlines contributed to growth in both seats and flights. Upward…
  • Mon, 23 Oct 2017 12:00:07 +0000

    Real estate group elects new president

    West Penn Multi-List announced that it has elected a new president, George Hackett, to lead the organization for a two-year term. Hackett serves as president of Coldwell Banker Real Estate Services in Pittsburgh and has worked in real estate for 43 years. A Pittsburgh native, Hackett earned his real estate license in 1974 and worked with the Hosack Real Estate agency, while also employed full-time as a high school history teacher. By 1981, he was the company's general manager and 30 percent owner. In…
  • Mon, 23 Oct 2017 11:45:59 +0000

    Pittsburgh's Coolest Offices: Numo

    Welcome to Pittsburgh Business Times' Coolest Offices. We will showcase interesting, inspiring and attractive office spaces in the Pittsburgh region every week. COMPANY: Numo ADDRESS: 6425 Living Place, Pittsburgh, PA 15206 TYPE OF COMPANY: Technology incubator in the financial services industry WHY IT'S A COOL OFFICE: Numo is a flexible, open office near East Liberty's Bakery Square designed to inspire, innovation and collaboration. It is organized into three zones: the reception zone, the work…
  • Sun, 22 Oct 2017 13:49:26 +0000

    Public paychecks: Here are Allegheny County's highest-paid employees

    Wonder who are the highest-paid employees in Allegheny County? The top 20 is made up of several department heads, lawyers and medical positions, along with public safety employees who make up the bulk of the top 100 as well.  Most of the top earners in the county work in public safety. In all, 85 of the top 100 are in public safety, either for county police, the county jail, sheriff's office, district attorney's office or the county airport authority. Seven work in health jobs, either in the Department…
  • Fri, 20 Oct 2017 18:46:51 +0000

    Pitt tops list of best public universities in Northeast

    The University of Pittsburgh was deemed the best public university in the Northeast, according to a list by the Wall Street Journal and Times Higher Education, which ranked Pitt at No. 56 overall for best universities after examining student outcomes, institutional resources, engagement and environment. Student outcomes, weighted 40 percent, included graduation rates, potential post-graduation salary, ability for students to repay loans and a school's academic reputation. Pitt's six-year graduation…
  • Fri, 20 Oct 2017 18:44:15 +0000

    URA votes to give city, Penguins more time for agreement on former Civic Arena site

    Several weeks of negotiations went into Thursday night between the city and the Penguins but no deal was reached.
  • Fri, 20 Oct 2017 17:57:45 +0000

    Wells Fargo targeting small businesses in Pittsburgh

    Bank fills in missing piece to local offerings with Business Banking Group.
  • Fri, 20 Oct 2017 17:21:29 +0000

    Washington & Jefferson College inaugurates new president

    Washington & Jefferson College's new president was officially inaugurated Thursday. John C. Knapp, who was announced as president in April and began in August, was sworn in with a ceremony on the Washington, Pa., campus. Knapp, who previously served as president of Hope College in Michigan, was selected to succeed Tori Haring-Smith, who retired. He has a doctorate in theology and religious studies from the University of Wales in the United Kingdom, a master of arts degree from the Columbia Theological…
  • Fri, 20 Oct 2017 13:20:00 +0000

    After Hours: CEC's Cocktail Party, Penn State's Hometown Hall of Famer, GBA's Emerald Evening and Allegheny County Bar Association's meeting

    This week, we have photos from CEC's after-hours cocktail party, Penn State's Hometown Hall of Famer, GBA's Emerald Evening and Allegheny County Bar Association's meeting at the JLL Center.
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