The Northeastern Pennsylvania Alliance and the Northeastern Pennsylvania Industrial Resource Center presented McGregor Industries Inc. with a $200,000 loan. McGregor Industries received the loan through the NEPA Alliance Appalachian Regional Commission loan fund as part of a total project costing $750,000 for the purchase of machinery and equipment. Other project funds consisted of $200,000 from The Northeastern Pennsylvania Industrial Resource Center, $275,000 in bank financing from People’s Security Bank, and a $75,000 equity injection from the borrower. Pictured from left: John Wallo, McGregor Industries; Mark Bennett, People’s Security Bank & Trust; Joe Murray, McGregor Industries.; Eric Esoda, Northeastern Pennsylvania Industrial Resource Center; Phil Condron, Condron Media; Jack McNulty, PA Department of Labor & Industry; Senator John Blake; Representative Kyle Mullins; Bob McGregor, McGregor Industries; Grace McGregor Kramer, McGregor Industries; Jeffery Box, Northeastern Pennsylvania Alliance; Jennifer Manganello, Congressman Matt Cartwright’s Office; and Nick DeAntonio, Northeastern Pennsylvania Industrial Resource Center.
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