– Rep. Jamie Flick (R- Lycoming) today applauded the approval of a $3 million low-interest loan to Chance Aluminum Corp. for the company's expansion plans at its current location in Williamsport.
“I am thrilled Chance Aluminum Corp. received this loan, as it is incredibly important that we support local business expansion,” said Flick. “I believe partnerships such as this between government and the private sector are vital to driving economic growth for our community. I’d like to thank Gov. Josh Shapiro and SEDA-COG for awarding this loan and congratulate Chance Aluminum Corp.; my office stands behind you in support of your continued growth and success.”
Pennsylvania Industrial Development Authority (PIDA) approved Chance Aluminum Corporation the 10-year $3 million loan with a 2.5 percent fixed interest rate to complete building modifications as well as purchase and install equipment associated with a new tension leveling line that will be added to the aluminum rolling mill operated by the company. The loan will allow the production of coils from common alloys, expanding production capacity and providing a secondary revenue stream. The company will create 113 new full-time jobs within three years. The total project cost is $7.5 million.
Representative Jamie Flick
Pennsylvania House of Representatives
Media Contact: Jacob Misal