Local company receives state low-interest loan

Creekside Springs plans to renovate facility in New Brighton, create jobs

A local company was awarded a major low-interest loan for an expansion project that will renovate an existing Beaver County facility and is expected to create new jobs for the area, according to Senator Elder Vogel.

The Pennsylvania Industrial Development Authority (PIDA) announced that Creekside Springs LLC was awarded a $677,500 low-interest loan to purchase and renovate an existing 66,800-square-foot industrial facility in New Brighton Borough.

PIDA provides funding 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.

Creekside Springs, which bottles spring, distilled, purified and enhanced water products, plans to use the facility to increase the overall production capacity of the company. The $1.35 million project is expected to create 20 new jobs and retain 19 employees at Creekside’s Ambridge facility.

The company also received an additional funding offer from the state including a $30,000 PA First grant, $18,000 in Job Creation Tax Credits and a $350,000 loan from the Machinery and Equipment Loan Fund. The project was coordinated by the Governor’s Action Team and the Beaver County Corporation for Economic Development.

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