State Incentive Program Helps Minrad Expand Biomedical Production in Pennsylvania

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Researched by Industrial Info Resources (Sugar Land, Texas). Minrad, Incorporated (Buffalo, New York) is in the midst of expanding a production plant in Bethlehem, Pennsylvania. The company, which manufactures an array of products, including generic inhaled-anesthetics and medical devices, is adding over 20,000 square feet. The Pennsylvania Industrial Development Authority (PIDA) provided an $875,000 loan to help offset the costs of the expansion.

PIDA is a program of the Pennsylvania Department of Community and Economic Development. In order to both create and retain jobs, the organization provides low-interest loan financing through Industrial Development Corporations for land and building acquisition, construction and renovation. PIDA offers loans of up to $2 million with a 4.75% or 5.75% interest rate, depending upon local unemployment levels.

J.G. Petrucci (Bethlehem, Pennsylvania) is handling the design-build for the project. In addition to expanded manufacturing capacity, Minrad is adding temperature-controlled warehouse space. Construction began in late 2006 and is expected to be complete next year.

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