Hoober Inc. Plans $3 Million Expansion

May 12, 2022

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

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.