HARRISBURG – Rep. Russ Diamond (R-Lebanon) today announced that the Lebanon Valley Economic Development Corporation will receive a $400,000 loan from the Commonwealth Financing Authority’s (CFA) First Industries loan program.
The loan will help contracted poultry growers, Matthew and Katrina Martin, with the construction of three 31,500-square-foot broiler houses on their 73-acre farm located in Lebanon County. The Martins are contract poultry growers for Hain Pure Protein.
“This investment signals our ongoing commitment to our Commonwealth’s agriculture industry,” said Diamond. “This loan will support the pathway of improving the livelihoods of our farmers through increased agriculture productivity, which will yield direct benefits to our community.”
The First Industries Fund (FIF) is a program aimed at strengthening Pennsylvania’s agriculture and tourism industries through loan guarantees. The program is administered by the Department of Community and Economic Development (DCED) under the direction of the Commonwealth Financing Authority (CFA).
“I applaud the Lebanon Valley Economic Development Corporation for its continued effort to strengthen Lebanon County’s robust agriculture industry,” added Diamond. “The total cost of this project is estimated at $1.2 million, with the Martins having obtained an $810,000 private bank loan to help fund the construction.”
Representative Russ Diamond
102nd Legislative District
Pennsylvania House of Representatives
Media Contact: Raymond Smith