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GIDA hears about revolving loans

March 4, 2009
The Altoona Mirror

COALPORT -- The Glendale Industrial Development Association board met Feb. 10 with NorthCentral PA Regional Planning & Development Commission loan program director, Patricia Brennen.

Brennen discussed the quarterly report of the GIDA-sponsored Revolving Loan Program for 2008.

With the stagnant economy, Brennen said the number of businesses who apply generally picks up in the spring, and more local Glendale Valley businesses or organizations who qualify and can utilize these $10,000 low-interest loans are encouraged to apply in the coming months.

Article Photos

Courtesy photo
Tracy Plessinger (left), GIDA president, presents a $500 check to Norma Dudurich, president of the Irvona Holiday Decorating Committee.

Now in the third month of distributing its $500 community grants to area organizations, GIDA presented checks to representatives from the Glendale Area Public Library Inc. and the Irvona Holiday Decorating Committee.

President Tracy Plessinger, who also serves on the Glendale Area Municipal Authority, reported that the authority has applied for a $4 million grant to tie-in the Glendale Yearround sewage system into the new municipal system when it's in place.

Plessinger also stated that the construction of their municipal building is moving steadily in the past few weeks in spite of the weather.

In other business, the board:

* Voted to give the next $500 GIDA grants next month to the Irvona Recreation Association and the Glendale Area Food Bank.

* Heard from Jerry Brandt that a trucking company is potentially looking for a building somewhere in the Glendale Valley area to lease for at least three years. Interested individuals can contact Brandt directly at 674-3369 for more information.

* Learned a local individual has expressed interest in helping the GIDA market the proposed new Glendale Valley merchants map and is waiting to hear from publisher Bill Anderson.

* Heard that membership is now up to 32 paid members.

The next meeting of the Glendale Industrial Development Association will be at 7:30 p.m. Tuesday at the Coalport Community Building on Forest Street.

Interested individuals, and particularly business merchants, are encouraged to attend.

 
 

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