US state Pennsylvania's governor, Edward G. Rendell, said on April 16 that new state investments totaling more than $6.7 million could create more than 10,000 jobs throughout Pennsylvania, including the creation of 241 positions and the retention of 87 employees at a manufacturing facility in York County, Pennsylvania.
The governor said the $2.2 million the state is investing in medical device manufacturer Unilife Medical Solutions will serve as crucial gap financing to help it finish building a $27 million corporate headquarters and manufacturing facility.
The company currently employs more than 80 people in York County. Construction of its new 160,000-square-foot office and manufacturing facility in Conewago Township is expected to be completed by the end of this year.
The Commonwealth Financing Authority (CFA), an independent agency responsible for administering Pennsylvania's economic stimulus plans, also approved a $2 million tourism loan guarantee for SMG Kulpsville LLC to provide a 50 percent guarantee of a $4 million loan from Beneficial Bank. SMG will use the money to turn an existing hotel into a 182-guestroom, four-storey, full-service hotel. The estimated $6 million project is expected to retain 120 existing jobs.
Through March, more than $144 million had been allocated for 33 projects throughout Pennsylvania under Building PA program.
CFA also approved 19 planning grants that will aid Pennsylvania's businesses with site preparation and infrastructure improvements that will keep the state's business environment competitive and create the potential for more than 10,000 new jobs.