Penn-Northwest Reports $244.9M in Investment

SHARON, Pa. – Penn-Northwest Development Corp. reports overall capital investment during its fiscal year rose to $244.9 million, the result of new and local industry projects that created a combined 1,327 jobs. 

“Penn-Northwest stands ready to assist new and local businesses, and help them cut through the myriad of red tape and regulations that are part of relocation and expansion,” says President and CEO Randy Seitz. “We specialize in providing solutions, anything from low-interest financing for the acquisition of property or equipment to job creation tax credits. We piece all these things together to come up with affordable solutions for corporate expansion.” 

Since the implementation of the “Make It in Mercer County” campaign in 2012, Penn-Northwest has generated 2,102 leads, delivered 533 prospect proposals and hosted 109 site visits. Those visits led to the arrival of 30 new companies in Mercer County. 

New in 2019, Penn-Northwest partnered with the Northwest Industrial Resource Center and the West Central Job Partnership to bring the What’s So Cool About Manufacturing? program to Mercer and Lawrence counties. The middle school video contest pairs students in grades seven and eight with area manufacturers to highlight the various careers available in manufacturing. The overall program winner in 2019 was the Greenville Schools/ILSCO Extrusion team.  

“Penn-Northwest is delighted to continue this program into the 2019-2020 school year,” Seitz says. Six school districts in Mercer County are participating. Featured manufacturers are Hodge Foundry, Miller Industries, Select Metal Litho, Technical Precision, Sharon Tube and GW Becker.” 

The contest culminates with a public online voting period in March.  

At last year’s annual meeting, Penn-Northwest honored several new and local industry projects with Economic Impact Awards. They include CRG, Rig Fab Energy Services, Zero Error Racing and Laurel Technical Institute.

Copyright 2020 The Business Journal, Youngstown, Ohio.