Phoenix Glazing Gets State Money For Expansion

Phoenix Glazing Inc., a Homewood-based manufacturer of aluminum windows, doors and storefronts, received a tax credit and grant package worth $216,150 from state Department of Community and Economic Development Secretary Dennis Yablonsky.

Yablonsky, speaking by phone from the company's operations in Homewood, said Phoenix Glazing is planning on adding 50 employees to its 18-member staff by the end of 2006 as a result of a $1.3 million expansion that will add new glass handling equipment and allow the company to expand its work space.

By the end of 2008, Yablonsky said Phoenix Glazing plans to add at least an additional 37 jobs. The three- year expansion would create a company five times the size of the current company based on employment figures.

Staff members of the Brackenridge-based Allegheny Valley Development Corp., which coordinates business development efforts in this region with the state, assisted in developing the grant and tax credit program for Phoenix Glazing.

Yablonsky said the government's decision to aid Phoenix Glazing came about after research conducted by his department's Business Retention & Expansion Program. The state program has been in existence since 1966 and works to help retain jobs and businesses that are already located in the Commonwealth.

Yablonsky said employees of the department's business retention program contact between 9,000 and 10,000 Pennsylvania companies per year to investigate their needs.

Read the entire news on the source link below.

600450 Phoenix Glazing Gets State Money For Expansion
Date: 23 June 2006

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded. reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment