Governor Rendell: New State Investments of $6.7 Million Will Help to Create Thousands of New Jobs
PR Newswire
April 16, 2010

HARRISBURG, Pa., April 16 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today said 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.

The Governor said the $2.2 million the state is investing in Unilife Medical Solutions will serve as crucial gap financing to help it finish building a $27 million corporate headquarters and manufacturing facility.

"Unilife made a commitment to Pennsylvania when it decided to move its global headquarters from Australia," Governor Rendell said after the Commonwealth Financing Authority approved the investment on April 14. "We're keeping our commitment by providing financial resources that will ensure this vital project is completed."

Keystone Redevelopment Group LLC received the $2.2 million loan on behalf of Unilife Medical Solutions through the state's Building PA program. Unilife Medical develops and supplies innovative safety medical devices, including pre-filled safety syringes, to healthcare and pharmaceutical markets.

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.  

Through March, more than $144 million had been allocated for 33 projects throughout Pennsylvania under Building PA.  

The Commonwealth Financing Authority 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.

"The investments we are making today will keep the commonwealth competitive by helping communities develop an inventory of shovel-ready sites for potential business development," said Governor Rendell.  "Helping local communities to clean up blighted properties, revitalize old industrial sites and remediate brownfields creates thriving, vibrant communities while providing opportunities for job creation and growth."  

CFA approved the grants and loans under the state's Business in Our Sites program, a component of Governor Rendell's original economic stimulus package.

Business in Our Sites targets communities that lack the resources to invest in site preparation and the renovation of environmentally damaged brownfield sites.  It also serves to help develop water, sewer, utility and road-access infrastructure at targeted sites. The program has allocated more than $300 million to 108 projects.

CFA 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-guest room, 4-story, full-service hotel. The estimated $6 million project is expected to retain 120 existing jobs.    

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