Date: 18 April 2005
"Northeastern Pennsylvania and the entire Commonwealth are fortunate to have Cardinal Glass Industries joining our business community," said Secretary Yablonsky. "On behalf of Governor Rendell, I would like to thank the company for choosing to locate its newest operation in Luzerne County. These good- paying manufacturing positions are exactly the types of jobs that will help us continue to turn Pennsylvania's economy around."
Cardinal Glass will construct a 200,000-square-foot facility in the Crestwood Industrial Park, located in a designated Keystone Opportunity Zone. The company will manufacture quality residential custom tempered glass and sealed insulating glass units.
Members of the Governor's Action Team (GAT), economic-development professionals who report directly to Governor Edward G. Rendell and Secretary Yablonsky, worked with Cardinal Glass on its expansion project. DCED offered the company a $2.95 million financial package that includes: a $2 million Pennsylvania Industrial Development Authority (PIDA) loan; $500,000 through the Machinery and Equipment Loan Fund (MELF); a $225,000 Opportunity Grant; and $225,000 in Job Training Assistance. The company is also eligible to apply for a loan through the Citizens Job Bank program.
"Pennsylvania has quality support programs and organizations in place that make it easy for the company to choose the Commonwealth over other competing states," said Roger O'Shaughnessy, President and CEO of Cardinal Glass Industries. "We look forward to being a strong and reliable citizen and employer in Northeastern Pennsylvania."
Cardinal Glass Industries is a management-owned, S Corporation founded in 1962. Since its founding, it has led the industry in the development of durable insulating glass edge seal systems and the introduction of thermal performance improvements for residential glass. Cardinal has grown to more than 4,000 employees located at 22 manufacturing locations and two Research and Development centers.
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