Thaindian News

HARRISBURG, PENNSYLVANIA (BNO NEWS) – Pennsylvania, through the Commonwealth Financing Authority (CFA), will make investments totaling more than $6.7 million to create more than 10,000 jobs, Governor Edward Rendell announced on Friday.

The $6.7 million will be given to various companies to boost their expansion, finances and operations in order to create or retain job positions.

Keystone Redevelopment Group LLC received $2.2 million from the CFA on behalf of Unilife Medical Solutions for financing the construction of its $27 million corporate headquarters and manufacturing facility in Conewago Township; it is expected to be finished at the end of the year.

“Unilife made a commitment to Pennsylvania when it decided to move its global headquarters from Australia. We’re keeping our commitment by providing financial resources that will ensure this vital project is completed,” Governor Rendell declared.

Unilife Medical develops and supplies innovative safety medical devices, including pre-filled safety syringes, to healthcare and pharmaceutical markets.

The CFA approved 19 planning grants that will aid Pennsylvania’s businesses with site preparation and infrastructure improvements that will have the potential to create more than 10,000 new jobs.

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 its 120 existing jobs.