10C — July 12 - 25, 2019 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marej.com
P ennsylvania Loans were used to purchase machinery & equipment and construct an aggregate testing facility Low interest loan funding enables Britt Energies to reopen Limestone Mine in Armstrong County
PRING CHURCH, PA — With support from county, regional, state and federal low-interest loan programs, Britt Energies, Inc. secured low-interest loans for their new operation, South Bend Limestone Co. The loans were used to purchase ma- chinery and equipment, and construct an aggregate test- ing facility at the new mine in Armstrong County. The mine and aggregate crushing op- eration, which opened in June 2018, currently employs seven full time and two part time employees, and will create an additional five new jobs over S
Commissioner Fabian added, “Chris is no stranger to the mining industry, having suc- cessfully operated coal surface mines under Britt Energies since 1996.” Commissioners Renshaw and Skamai both indicated that they were “very happy to see the ACIDC pro- grams at work”. South Bend Limestone Co. isn’t a new name to Armstrong County. For over a decade, be- ginning in 1986, Seven Sisters Mining Co. mined high-quality aggregates on the present site of South Bend Limestone Co. Although the property was restored to its prior use as the
Coleman Family Farm in the late 1990s, limestone reserves remained on the property. Britt Energies, Inc. obtained site control in 2012 and im- mediately began the environ- mental permitting process. Over the last several years, Britt Energies has applied for and obtained a Pennsylvania Department of Environmental Protection permit to conduct surface and underground stone mining. Operations have com- menced on 16 acres of surface mining which is expected to produce high-quality aggre- gates and fire clay for up to five years. Upon the completion of all surface mining, operations will move forward on the un- derground mining phase. The current underground leased acreage totals 950 acres. Uti- lizing standard underground mining techniques, this acreage will yield in excess of 40 million marketable tons. The Armstrong County Industrial Development Council (ACIDC) is staffed by the Armstrong County Depart- ment of Economic Development and certified annually by the Pennsylvania Department of Community and Econom- ic Development (DCED) to facilitate, process and adminis- ter loan and grant programs for Armstrong County businesses. In addition to offering its own revolving loan fund. continued from page 4C “ROCK Commercial Real Estate is in tune with the local and regional nuances of doing business and breaking through red tape for growth and expan- sion. Additionally, we have an expansive knowledge base of the area and why a location may, or may not, work for the tenant’s specific needs,” Hodge said. “A broker located outside of Central Pennsylvania may gather data, but they will not have the local insights our team is so respected for.” Additionally, a local broker- age advisor can help clients move through the approval process more efficiently. With established relationships with- in the community, ROCK Com- mercial Real Estate’s team is a go-to for tenants, property own- ers, and larger out-of-region firms seeking solutions specific to their clients’ immediate and long-term needs. E-Commerce’s impact on our . . .
the next three years. Participants of the loan pack- age, totaling $1.05 million, included: Pennsylvania In- dustrial Development Au- thority (PIDA) , $400,000; Armstrong County Industrial Development Council’s Revolv- ing Loan Fund, $50,000; Cata- lyst Connection’s Manufactur- ing Technology Loan Fund, $400,000; and Southwestern PA Commission’s (SPC) Revolv- ing Loan Fund with support from the Appalachian Regional Commission (ARC) and U.S. Economic Development Admin- istration (EDA), $200,000. Christopher Evans, a US Air
Force veteran and president of Britt Energies, Inc. said, “In my opinion, the financing programs that are available through the Armstrong IDC and their eco- nomic development resource partners are very important; they can be the difference in making a project work. It was also incredibly helpful to have all of the activity coordinated by the Armstrong IDC.” Armstrong County Commis- sioners, Pat Fabian, George Skamai and Jason Renshaw were all early supporters of the local financing and thrilled about South Bend Limestone Company’s new investment.
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