HiMark Windows LLC, a PVC window and patio door manufacturer, received one of three low-interest loans from the Pennsylvania Industrial Development Authority, according to an announcement from Pennsylvania Governor Tom Wolf.
HiMark Windows, through Bucks County Economic Development Corp., was approved for a 10-year, $1 million loan at a 2.5 percent fixed rate to acquire machinery and equipment, including specialized glass production machines, welding equipment and lift trucks. The company has experienced increased customer demand over the past few years; the company anticipates the new equipment will be faster and allow for production expansion and the ability to keep up with the demand. The total project cost is $2 million and the company will retain 204 jobs within three years.
“PIDA funding provides valuable assistance to support growing businesses with the varying costs associated with improving capabilities and efficiencies so they can continue to meet the demand of their consumers and grow even further,” says Wolf. “Providing affordable resources that keep commonwealth businesses operating and Pennsylvanians working is a critical investment into the state’s economy.”
In 2021, PIDA has approved $35,683,710 in low-interest loans that have resulted in $86,964,573 in private investment and supported 1,300 created and retained full-time jobs.
