The Harrisburg Regional Chamber & CREDC (Chamber & CREDC) recently announced that South Seventeenth Street, LLC, for the benefit of employee owned H. B. McClure Company, closed on a $142,000 Enterprise Zone Loan through the Capital Region Economic Development Corporation (CREDC). H. B. McClure Company was founded in 1914 by Herbert Bassett McClure, who later incorporated the business in 1931. Today, H.B. McClure Company is one of Central Pennsylvania’s most trusted HVAC servicers and installers offering heating and cooling systems installations, fuel oil delivery, and comprehensive service plans.
The loan proceeds were used to make roof improvements that were needed to their current location of 600 South 17th St. in the City of Harrisburg. The CREDC loan leveraged another $333,000 from equity and bank financing provided by Fulton Bank. The total financing package exceeded $475,000 and supported both real estate improvements and other fixed asset purchases. The project demonstrates H. B. McClure’s commitment to investing in the Industrial Corridor of South Allison Hill.
The Capital Region Economic Development Corporation 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. CREDC is a certified lender in Cumberland, Dauphin, and Perry counties.
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. The Chamber & CREDC has been accredited with five stars from the United States Chamber of Commerce.