CAN DO, Inc., the economic development organization serving Greater Hazleton and beyond, announced updated interest rate options for Pennsylvania Industrial Development Authority (PIDA) products and loans for the 2015 third quarter.
PIDA provides funding up to 50 percent of project costs for eligible businesses that commit to creating and retaining full-time jobs. PIDA loan applications can only be packaged, underwritten and submitted by Certified Economic Development Organizations such as CAN DO, which is authorized to provide these services in the Greater Hazleton and Luzerne County areas.
The new rates are in effect for loan applications received through September 30, 2015.
Joseph Lettiere has been promoted to the position of vice president of CAN DO, Inc., Greater Hazleton’s economic development organization, announced CAN DO President W. Kevin O’Donnell.
Lettiere, who first joined CAN DO in 2000 as an economic development specialist, quickly earned the title of marketing director and then vice president of marketing, before most recently being named vice president of CAN DO.
Although the company has locations in 71 countries, the Hazleton plant became Cargill’s first one to take its operations 100 percent landfill-free after a three-year journey.
Located directly along the I-81 corridor in Northeast Pennsylvania and just minutes from I-80, Greater Hazleton offers an ideal location, just two hours to New York City and Philadelphia and within a day's drive of half the nation's population.