Summit Utility Structures LLC, a manufacturer of parts and infrastructure for the power line transmission industry, will renovate an existing site to serve as its headquarters in Allentown, adding at least 42 new jobs at this site.
Gov. Tom Corbett made the announcement Tuesday.
Summit Utility Structures will manufacture anchor bolt assemblies, steel davit arms and substation infrastructure for the power line transmission industry at its new 28,000-square-foot site in Allentown. The company said it will invest more than $1.94 million to support the expansion through building construction, acquisition of equipment and furniture.
The company received a funding offer from the Governor's Action Team which included an $18,900 Guaranteed Free Training grant to be used to train its new workforce and a $930,000 low-interest loan from the Machinery and Equipment Loan Fund to be repaid in 10 years.
The Governor's Action Team is made up of a group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania. The state group coordinated the project with the Lehigh Valley Economic Development Corporation.
Don Cunningham, president and CEO of LVEDC, said today that the agency worked with Summit Utility Structures to process and handle the loan for machinery and equipment, which he described as a useful tool to incentivize manufacturing.
Cunningham said news of the expansion is significant because it shows the continuation of growth in the manufacturing sector in the Lehigh Valley.
"I tend to look at this as a core industry for the Lehigh Valley," Cunningham said. "This is continuing that trend of making heavy equipment. It's a growing part of the base here."
A lot of smaller shop manufacturers are showing an interest in locating in the Lehigh Valley.
Steve Kratz, spokesman for the Pennsylvania Department of Community and Economic Development, said the owners of this company previously owned Summit Manufacturing in Luzerne County. The Allentown site marks a new venture for the company.