2007 Archives
The Harrisburg Regional Chamber and CREDC Assists Farm in Lykens
HARRISBURG, PA (January 17, 2007) - The Harrisburg Regional Chamber and CREDC (HRC/CREDC) announced today that it provided financing to Marlin E. Wiest, Jr. to purchase 67.25 acres in Lykens, Dauphin County, PA for the purpose of continuing Mr. Wiest's cattle and crop farming enterprise. The land was sold by a retiring farmer and thereby preserves the land's agricultural use.Marlin E. Wiest, Jr. has been farming since childhood with his father. He began his own farming operation harvesting corn, wheat, soybeans, barley and oats. Marlin expanded his farm to include beef cattle several years ago to better utilize some crops in his rotation. With the purchase of this additional 67.25 acres, which includes additional storage space, Marlin has the potential to further improve the profitability of his crops.
"Our farms are a vital part of our economic development strategy," said Commissioner Nick DiFrancesco. "We are always happy to be able to preserve farmland for future generations, along with the family-sustaining jobs and life-sustaining food generated by our farming families. The Wiest Farm is an investment in the future of us all."
HRC/CREDC provided a Small Business First (SBF) loan of $163,540 through the First Industries program, in conjunction with Gratz National Bank financing and other equity contributions. The First Industries Fund is devoted to Pennsylvania 's Agriculture and Tourism industries. This program provides grants, loans, and loan guarantees for projects relating to the promotion and development of agriculture and tourism within the Commonwealth. The program is administered by the Commonwealth Financing Authority and by the Department of Community and Economic Development.
The Capital Region Economic Development Corporation (CREDC), is the economic development arm of the Harrisburg Regional Chamber, and is the leading organization for promoting and performing economic development activities in Cumberland , Dauphin and Perry counties. The group offers a variety of programs and resources to help attract, retain and expand business in the region.
The Harrisburg Regional Chamber & CREDC serves as a catalyst for promoting growth and quality of life in Cumberland, Dauphin and Perry Counties by providing a unique blend of business, community and economic development and advocacy services under one roof to boost our economic vitality and livability as a region. HRC/CREDC has been accredited with four stars from the United States Chamber of Commerce.
