Summit Utility Structures to establish HQ in Allentown
By LVEDC Staff on October 23, 2013
Governor Tom Corbett announced today that Summit Utility Structures, LLC, a manufacturer of parts and infrastructure for the power line transmission industry, will renovate an existing site to serve as its headquarters in the City of Allentown, adding at least 42 new jobs.
This is the 14th jobs announcement in the Lehigh Valley this year with the resulting total job creation for the county projected to be more than 1,290 new jobs.
“This is a good example of how the Lehigh Valley continues to attract entrepreneurs to invest in our region and create jobs,” said Don Cunningham, LVEDC president and CEO. “Summit Utility Structures partners have many years of experience in the steel pole industry and specifically making anchor bolts, allowing them to have an immediate presence in our community.”
Summit Utility Structures will manufacture anchor bolt assemblies, steel davit arms and substation infrastructure for the power line transmission industry at its new 28,000-square-foot site in Allentown, Lehigh County. The company will invest more than $1.94 million to support the expansion through building construction, acquisition of equipment and furniture. Summit Utility Structures is projected to create 42 new jobs at this site.
“Every day we are seeing more progress and announcing new jobs throughout Pennsylvania,” said Corbett. “Summit Utility Structures will be a welcome addition to Allentown’s industry and will create high-skilled, well-paying jobs for the region’s residents.”
The company received a funding offer from the Governor’s Action Team which included an $18,900 Guaranteed Free Training grant to be used to train its new workforce and a $930,000 low-interest loan from the Machinery and Equipment Loan Fund to be repaid in 10 years.
“We are all very pleased to have had such a long running relationship with the Governor’s Action Team,” said Ranjeet Pawer, director of marketing for Summit Utility Structures, LLC. “The Governor’s Action Team’s assistance with Summit Utility Structures will mark our third entrepreneurial venture within the state’s steel industry. Our experience with the GAT is a testament to the benefits of having a state that is willing to partner with its citizens to help them to fulfill the American dream.”
The Governor’s Action Team, an experienced group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania coordinated the project with the Lehigh Valley Economic Development Corporation (LVEDC).
For more information, visit Summit Utility Structures, LLC summitutilitystructures.com.
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Editor's Note: LVEDC CEO and President Don Cunningham was guest speaker at the Oct. 18 March of Dimes' 2013 Commercial & Industrial Real Estate Awards Breakfast. Here is a[...]Continue to Next Page