DLI secures tax credits for Nittany Paper Mill Inc.
LEWISTOWN — Nittany Paper Mills, Inc. received $150,000 in tax credits through the PA Department of Community & Economic Development Neighborhood Assistance Enterprise Zone Tax Credit Program, due to the efforts of Downtown Lewistown Inc., the coordinator of the local Keystone Communities economic development initiative, said Jim Zubler, Executive Director of DLI.
Zubler said that Nittany Paper is utilizing the tax credits for the acquisition of $3.44 million in new equipment that will allow for capacity expansion at the local manufacturing facility housed in the MCIDC Plaza in Granville Township. In addition, the installation of the equipment will support the creation of an additional 10 jobs.
“We are appreciative of the commonwealth’s support of our investments to increase business at our local Granville Township based facility,” said Donald Chapman III, President of Nittany Paper Mills Inc. “These investments will allow us to ramp up production resulting in an estimated net increase of ten full-time, skilled positions.”
Zubler noted, “these tax credits to a local ‘home grown’ employer allow Nittany Paper Mills to continue to grow and expand their facility providing additional skilled jobs for the region. We are happy to assist local companies in making application to DCED for these credits, in partnership with the Mifflin County Industrial Development Corporation, just as we had done in previous years on behalf of Nittany Paper and Shy Bear Brewing LLC.”
DLI president Jon Zimmerman said “DLI has worked hard over the past two decades to improve the quality of life and promote economic development in Lewistown and Mifflin County. Becoming a designated Keystone Community was critical for positive economic development in our area. We have received tremendous support from our municipalities, our businesses, County, MCIDC, Greater Lewistown Corporation and many individuals to fund and sustain DLI’s existence.
“This tax credit and other economic improvement opportunities that are possible through DLI is the reward for this support and belief that together we can make Mifflin County better. We are fortunate to have outstanding leadership in key positions throughout our county that can make this happen. Thank you to everyone that has supported DLI. What a great feeling it is to successfully contribute to the continued growth of one of Mifflin County’s key employers, Nittany Paper Mills Inc.”
Zimmerman also acknowledged the support from Pennsylvania Sen. Jake Corman, R-Bellefonte, and state Reps. Kerry Benninghoff, R-Bellefonte, John Hershey, R-Mifflintown, and Rich Irvin, R-Huntingdon, and former Rep. Adam Harris, in securing these credits. Zimmerman also expressed appreciation to the Wolf Administration, the Pa. Downtown Center and Pa. Department of Community & Economic Development, for their allocation of tax credits to this local employer.
The local Keystone designation is a collaborative area initiative between Derry and Granville townships, Lewistown Borough and Mifflin County. The designation is also supported through contributions from nearly 80 additional businesses, industries and individuals.
Zubler said Tax credits up to $500,000 representing 25 percent of the total project investment are available for manufacturing and commercial enterprises located in a designated Keystone Community undertaking major expansion. Statewide, The Neighborhood Assistance Program received 169 applications for a total request of $30,617,170, but was only able to fund 136 projects with the $18 million available through the allocation.