Rock Lititz receives $ 2 million loan to build $ 12 million rehearsal studio
Governor Tom Wolf announced this week that several low-interest loans from the Pennsylvania Industrial Development Authority have been approved, including a $ 2 million loan for Rock Lititz Studio in Warwick Township, Lancaster County.
The loans are aimed at creating and retaining employees, expanding their businesses and improving their facilities.
Rock Lititz Studio (through EDC Financial) secured a 15-year, $ 2 million loan at a 1% reset rate to build a 44,400 square foot rehearsal studio known as Studio 2 name. The project site is located in the Rock Campus Lititz in a 96 acre business park.
The total cost of the project is $ 12,018,436, and the project will retain 125 full-time employees and create five full-time jobs within three years, Wolf said.
Rock Lititz is a live event production campus that opened in 2014.
Rock Lititz also received a $ 2.5 million grant under the redevelopment assistance capital program last year for the project.
The Rock Lititz Studio 2 project will include the engineering, design and construction of a 44,400 square foot, 85 foot high rehearsal studio. The second largest studio to join the Rock Lititz campus, Studio 2, will be built next to the existing Studio 1.
The studio will include 25,000 square feet of free space for rehearsals of larger touring numbers. This space, at 85 feet high, will contain a grid for hanging speakers, video walls and other live event technology, a power supply to meet the electrical needs of large video screens, automation and other live event equipment and open floor space to set up stages and platforms. Adjacent to the open space there will be a loading dock for four trucks, an access door, storage, changing rooms, production offices, break rooms and a kitchen, as well as a space for the restoration.
Other loans approved by the Pennsylvania Industrial Development Authority that received approval and were announced this week include:
DelGrosso Foods Inc. was approved for a 15-year, $ 1.615 million loan at a 1 percent reset rate to renovate a vacant 160,220 square foot building in Antis Township, Blair County, to become the future home of a new expanded food manufacturing plant. The total cost of the project is $ 12,800,000, and the company will retain 113 full-time employees and create 26 new full-time jobs within three years.
Flex-Cell Precision Inc. was approved for a 15-year, $ 1.485 million loan at a 1 percent reset rate to expand its manufacturing facility in Lancaster. The property is currently 17,500 square feet and, as a result of this project, will be expanded to 41,010 square feet. The total cost of the project is $ 3,300,000 and the company will create 10 new full-time jobs and retain 45 full-time jobs within three years.
Messick Agricultural Equipment Inc. was approved for a 15-year, $ 2 million loan at a 1% reset rate for the construction of a 264,308 square foot building in Rapho Township, Lancaster County. The building will be mixed use, mainly comprising warehouse and distribution, light manufacturing / services, offices and showrooms. The total cost of the project is $ 21.9 million and the company will retain 100 full-time employees.
Tobyhanna site was approved for a 15-year, $ 2 million loan at a 1 percent reset rate for the construction of a new 28,000 square foot medical facility in Tobyhanna Township. Ninety percent of the space will be leased to St. Luke’s Health Network Inc. under a 15-year lease. The remaining ten percent will be taken up by a Dunkin Donuts café. The construction of this new facility will allow the public to have access to physicians at St. Luke’s University Health Network as well as other services such as medical procedures, physiotherapy, laboratory services, medical offices, departments. X and pediatrics. The total cost of the project is $ 8,755,182 and St. Luke’s has committed to creating 95 full-time jobs at the project site within three years.
This fudge place was approved for a 15-year, $ 250,000 loan at a 1% reset rate to acquire and renovate a 10,296 square foot building in Wayne Township. The newly renovated space will be the new location of That Fudge Place, a manufacturer of fudge products. The total cost of the project is $ 500,000, and eight current full-time employees will move to the new facility after the renovations are completed. The company plans to create five additional full-time jobs within three years.
PSC Biotech Corporation / BioTechnique was approved for a 10-year, $ 2 million loan at a 1 percent reset rate to acquire a 163,885 square foot manufacturing facility located at 250 Cross Farm Lane in the Township of Conewago. The company is also working with the Governor’s Action Team on this project, and the move will allow PSC Biotech Corporation to develop a contract manufacturing organization, cytotoxic filling and finishing facility at the new facility. The total cost of the project is $ 5,350,000 and this project will allow the company to retain three full-time employees and create 100 full-time jobs within three years.
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