Harkins, Merski: $2.25M loan funding 90,000-SF warehouse, distribution center
Future tenant Berry Plastics commits to new jobs
ERIE, May 4 – A low-interest loan of $2.25 million to the Enterprise Development Center of Erie County will fund construction of a 90,000-square-foot warehouse and distribution center for lease to an expanding manufacturer, state Reps. Pat Harkins and Bob Merski announced today.
The lawmakers, both D-Erie, said EDCEC will enter into a 15-year lease with Berry Plastics as the global manufacturer and marketer of plastic packaging products looks to expand its Erie presence.
“The new funding is terrific news for our local workforce,” Harkins said. “When companies like Berry expand their footprint, it means new job opportunities for the district. With the plans for the new warehouse underway, Berry has already committed to creating 15 full-time jobs and retaining 145 current positions within three years. We are proud to have Berry here and even more excited to see this project get a boost with this new loan funding.”
Merski said, “Berry has been a valued local employer for years now, and we are thrilled to see them expanding again. Our thanks to Tina Mengine and the Erie County Redevelopment Authority for their efforts to secure this funding, which helps ensure that this global leader continues growing its operations right here in Erie.”
Harkins said the 15-year loan has a $1.5% reset interest rate. The total project cost for the facility – to be located at 1501 Myrtle Street – is $9.22 million.
The loan is one of nine approved statewide by the Pennsylvania Industrial Development Authority, which is a program of the Department of Community and Economic Development. More on the loans is available here, and more on PIDA is available here.