In October 2015, York County Economic Development Corporation (YCEA) was awarded a $1,525,000, 15-year Pennsylvania Industrial Development Authority (PIDA) loan on behalf of L&W Apparel Company, Inc. for the construction of an 8,500-square-foot mezzanine in its existing warehouse area, the purchase of an adjacent one-acre property, and construction of a 28,600-square-foot addition in Penn Township. The addition was transformed into a warehouse, and the existing 20,000-square-foot warehouse area was converted into manufacturing space. Total project, with an estimated total cost of $3,050,000, has already created more than the 20 new jobs anticipated while retaining 84 existing positions.
"As Legacy continues to grow, we are grateful for the support of the YCEA to help us meet the financial challenges rapid growth brings. We are very excited and pleased that our growth and facility conversion/expansion has enabled us to provide 60 more jobs than projected in 2016, as well as affording our staff advancement opportunities," said Legacy Athletic President Paige Wingert. "In addition, the funds saved as a result of the favorable PIDA financing terms freed up capital to purchase additional machinery and equipment. We are competing against companies that primarily import goods, so it is critical for Legacy to maximize efficiencies within our facilities and processes and utilize the most advanced technology to produce our products. Our partnership with YCEA has greatly helped us achieve these necessary objectives. For that, we are thankful for their great work and assistance."
"YCEA couldn't be happier to showcase Legacy Athletic with Secretary Davin. We proudly assisted Legacy Athletic in procuring business loan financing through both the Small Business Administration and PIDA. It is programs like these, and the work of YCEA, that help companies like Legacy Athletic be successful and expand and renovate here in York County," said YCEA President and CEO Kevin Schreiber. "These programs are incredibly critical to a healthy and active business climate in Pennsylvania and York County, and the YCEA continues to be on the forefront of assisting our businesses to secure necessary dollars for growth and success."
Celebrating its 25th Anniversary in 2017, Legacy Athletic is a leading supplier of premium quality, customized headwear, apparel, and home décor for the colleges, resorts, and corporate brands. As its name implies, Legacy Athletic designs with an eye towards the past and marries those inspirations with the comfort, fit, washes, and fabrics that today's consumers desire.
The 'Jobs that Pay' tour is an effort by state agencies to promote good-paying, family-sustaining jobs and career-paths available to job-seekers across the commonwealth, and to listen and learn from employers and employees about workforce development needs.
For more information about the Pennsylvania Industrial Development Authority or DCED visit dced.pa.gov.
MEDIA CONTACT: David Misner, 717-783-1132
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SOURCE Pennsylvania Department of Community & Economic Development