Case IH dealer Hoober Inc. is planning a $3 million expansion project that will include a 22,400 square foot building adjacent to the existing 51,580 square foot facility in Intercourse, Pa., reports Lancaster Online.
The project will also include upgrades and site improvements to the existing building and will add a connection between the two structures resulting in a new entrance, offices, restrooms and a meeting room. The total project cost is $3.06 million, according to the report.
According to the report:
Hoober was approved by PIDA [Pennsylvania Industrial Development Authority] for a 15-year $1.5 million loan at a 1.5% interest rate. The loan is through the Lancaster County Economic Development Finance Corporation. Officials said the project will retain 86 jobs within three years.Source : Farm Equipment