A metal fabricator is constructing a new manufacturing
facility along American Street in the East Kensington neighborhood of
Philadelphia.
Veyko Inc. is constructing a $2.1 million,
11,550-square-foot building on what is now a vacant lot that sits in a
federally-designated Empowerment Zone., which gives businesses that move into
these zones certain tax incentives. The company is receiving $250,000 in an
Empowerment Zone grant and $933,000 in financing from the Philadelphia
Industrial Development Corp.
The company is creating 15 new jobs at its new facility and
will retain 12 employees. Veyko will relocate from 216 Fairmount Ave. in
Philadelphia.
Source: Philadelphia
Business Journal
No comments:
Post a Comment