Tyber Medical to expand in Hanover Township, Northampton County, Pa.
The project will support the combined creation and retention of 79 jobs in the area.
Tyber Medical needs more manufacturing space to sustain and continue its growth.
The project includes expansion into a 35,000 square-foot building adjacent to their current facility, which also will be renovated.
Additionally, funding will support the purchase of new equipment and job training for new and existing employees.
The company plans to invest $3.8 million into the project, which is expected to create 44 new, full-time jobs and retain 35 existing jobs over the next three years.
Tyber Medical received a funding proposal from the Department of Community and Economic Development for the project.
The proposal includes a $100,000 Pennsylvania First grant, $132,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs, and $37,400 in funding to assist with workforce training.
The company also was encouraged to apply for a $400,000 low-interest loan through the Pennsylvania Industrial Development Authority.
The project was coordinated by the Governor Tom Wolf’s Action Team, an experienced group of economic development professionals who report directly to the Governor and work with businesses that are considering locating or expanding in Pennsylvania. ■