Pennsylvania Manufacturer Receives $4.6 Million to Enter Hydrogen Energy Market
Key Ideas
- PMF Industries in Williamsport received $4.6 million from the state to expand and enter the hydrogen energy market, creating and retaining 98 jobs.
- The Commonwealth's funding will support a $7 million expansion, including a new hot spinning machine and aluminum heat treating furnace.
- Governor Shapiro's Economic Development Strategy aims to boost manufacturing and energy industries, positioning Pennsylvania as a clean energy leader.
- The Department of Community and Economic Development provided PMF Industries with a funding offer to aid in their growth and job creation efforts.
PMF Industries, based in Williamsport, Pennsylvania, is set to enter the hydrogen energy market with the help of a $4.6 million grant from the state. The company, known for its metalworking expertise, is investing over $7 million in the project to expand its manufacturing operations. This expansion will create at least 20 new full-time jobs and retain 78 existing positions. The funding from the Commonwealth will support a 16,000-square-foot addition to the facility, which will house new equipment for producing metallic liners to store and transport hydrogen. Governor Shapiro expressed his commitment to strengthening key industries and creating jobs through strategic investments like this. The Department of Community and Economic Development provided financial assistance to PMF Industries, including a $4.5 million PIDA loan, a $138,000 Pennsylvania First grant, and a $11,000 WEDnetPA grant for employee training. The company's executives praised the support from the state government and highlighted their readiness to contribute to Pennsylvania's clean energy leadership. The project signifies Pennsylvania's focus on clean energy production and economic development. PMF Industries' reputation for precision and innovation positions it well to thrive in the hydrogen containment market. The involvement of Governor Shapiro's BusinessPA team underscores the state's commitment to facilitating business growth and success. Overall, this initiative showcases Pennsylvania's efforts to drive innovation, create jobs, and strengthen its position in the energy and manufacturing sectors.