Corbett Partners with Philadelphia Metal Manufacturer to Expand and Create 15
– Governor Tom
Corbett today announced that architectural metal manufacturer Veyko, Inc. will
construct a new facility that will create 15 new jobs and retain 12 others. The
company’s project was made possible by a low-interest loan approved by the
Pennsylvania Industrial Development Authority (PIDA). PIDA is an
independent authority staffed and regulated through the Department of Community
and Economic Development.
partnering with Veyko on this important project, we are supporting
family-sustaining jobs that are so critical to Pennsylvania’s growing economy,”
Corbett said. “I welcome Veyko’s investment in our commonwealth and in our
greatest asset – our people.”
Inc., a manufacturer of ornamental and architectural metal work such as
stairways, doors, and guardrails, will construct a 10,000-square-foot facility
in Philadelphia one mile away from its current operations on Fairmont Avenue.
The company will invest more than $1.86 million in the project that is expected
to create 15 new positions and retain 12 existing employees. PIDA will provide
a $933,499 15-year, low-interest loan at 2.5 percent to the Philadelphia
Industrial Development Corporation on behalf of Veyko, Inc.
PIDA has approved $58.7 million in low-interest loans that have resulted in
$119.1 million in private investment and supported 10,356 jobs. PIDA provides
capital for building acquisition, construction and renovation work, primarily
for manufacturers, industrial developers, research and development firms,
agricultural processors and employers looking to establish national or regional
headquarters in Pennsylvania.
information about Governor Corbett’s commitment to job creation, visit www.pa.gov.
Caras, Governor’s Office, 717-783-1116
Jordan, DCED, 717-783-1132