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Monroe County approval: • The FABPAC Corporation, through Pocono Mountains Industries, Inc., was approved for a 15-year $554,935 loan at a 4.50-percent reset interest rate to help renovate its newly acquired 288,000-square-foot commercial packing manufacturing facility at 1941 Paradise Trail in Stroud Township. The renovations include new offices, a conference room, a cafeteria, restrooms, entrances, a reception and waiting room, executive suites, a sample room, and locker rooms. The company, also through Pocono Mountains Industries, Inc., was approved for a three-year, $100,000 SBF-Working Capital loan at a 5.00-percent fixed interest rate, which will be used for administrative, payroll and inventory expenses. The total project cost is $1,309,870. Fifty-seven new jobs will be created as a result of the project within the next three years.
A breakfast meeting was held November 16, 2023 at Terraview at The Stroudsmoor Country Inn to celebrate the Annual Meeting of Pocono Mountains Economic Development Corporation. Board Members, Business Members, local elected officials, and community re …Read More »
At the June 8th Board of Supervisors Meeting, the Revitalize 209 Committee was announced and the Township is now accepting letters of interest/application for projects. As the Township offers great incentives for businesses and developers with programs …Read More »
Study results reveal strong potential for ridership, economic benefits and existing line suitability for passenger rail
PMEDC’s Annual Dinner was held on Thursday, November 17, 2022 at Famularo’s Catering and Banquets in Paradise Valley, PA. In attendance were PMEDC members, board members, elected officials and community leaders. Chuck Leonard, Executive Director, prov …Read More »
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver announced a new Pipeline Investment Program (PIPE) project approval through the Commonwealth Financing Authority (CFA) that will increase natur …Read More »
Start-up and existing business owners are welcome to schedule a one-on-one meeting with an SBDC business consultant to get information or advice on starting or growing your small business in Monroe County. Download the information flyer here: http://w …Read More »
Attention all Monroe County, PA entrepreneurs and small business owners! Join the University of Scranton Small Business Development Center for in-person drop-in hours on Thursday, 5/12/2022 between 10 a.m. and noon to talk about your small business que …Read More »
NEPA Alliance through the Partnerships for Regional Economic Performance (PREP) serving Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, and Wayne counties, will be providing grants of up to $50,000 for small businesses and up to $15,000 for micr …Read More »
Smithfield Township, PA – DEPG Associates and ARCTRUST, co-developers, held a groundbreaking ceremony for the new St Luke’s University Health Network Building at SMITHFIELD GATEWAY development, located at Routes 209 and 447 on April 21, 2022. Executi …Read More »