Matzie: $500,000 grant will help area employer expand operations
Funding for Beemac Trucking project will help finance new facility, office space
AMBRIDGE, Aug. 1 – A $500,000 matching grant from the Redevelopment Assistance Capital Program will help a major area employer expand its operations in Ambridge, state Rep. Rob Matzie, D-Beaver/Allegheny, announced today.
The grant for Beemac Trucking LLC, will help fund the company’s two-phase project to construct a 15,000-square-foot, full-service maintenance and repair facility and a 14,400-square-foot office headquarters building in Ambridge.
“The funding announced today is a shot in the arm for a company that has consistently invested in our community both as a solid employer and as a good corporate citizen.” Matzie said. “Beemac has been a driving economic force in our region for more than three decades, and an investment that allows the company to spread its wings will only provide additional job and economic opportunities.
“The property they purchased had been marketed for some time, so their decision to move forward on a brownfield site that has sat idle for many years for a multi-use facility to provide good family sustaining jobs is a win-win.”
Matzie noted that the maintenance and repair facility – which will include eight drive-through maintenance bays and numerous offices for professional maintenance staff – will become the corporate maintenance facility for Beemac, while the two-level office building will allow for consolidation of rented offices and provide substantial cost savings and operational efficiencies company-wide.
The total project cost is $8.7 million. To help finance the maintenance and repair facility, the Pennsylvania Industrial Development Authority recently approved Beemac for a $1.57 million, 15-year loan at a 3% rate.
The Beaver County Board of Commissioners was the applicant on the project.
RACP is administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenues or other measures of economic activity.