Plum Creek Farm secured $400,000 state loan to build new facility in Berks

Plum Creek Farm secured a state loan to build a new facility.

Governor Tom Wolf announced Wednesday that the Penn Township company will receive a $400,000 low-interest loan from the state to build a 4,800-square-foot pretzel-making plant along Bernville Road.

Plum Creek Farm was one of three companies to secure the loan in the latest round of funding through the Pennsylvania Industrial Development Authority, which aims to support business growth throughout Pennsylvania.

“Ensuring Commonwealth businesses have the ability to grow and develop is vital to our economy, our communities and our livelihoods,” the Governor said in a press release. “The PIDA loans approved today will provide the resources these businesses need to continue to be successful here in Pennsylvania.”

Plum Creek Farm, in partnership with the Greater Berks Development Fund, received approval for a $400,000 loan over 15 years at a fixed interest rate of 3.5% to build the pretzel manufacturing plant of a million dollars. The company, which operates a creamery and market, has pledged to create 15 full-time jobs and maintain 16 jobs within three years. The company previously received a PIDA loan of $1 million in 2019.

To date this year, the Pennsylvania Industrial Development Authority has approved more than $38 million in low-interest loans that have leveraged nearly $82 million in private investment and supported 942 full-time jobs created and retained. .

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