Today, Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program, including a $1.7 million, 15-year loan at a 2 percent fixed rate and a $300,000, 10-year loan at a 2 percent fixed rate through Economic Growth Connection of Westmoreland for Keystone Foam Corporation.

The loans will be used for the construction of a 22,500-square-foot addition to the company’s existing building located in Derry Township, as well as the purchase of new machinery and equipment. The project will enable the company to retain 75 full-time jobs and create 14 full-time jobs within the next three years. Read more: