CHAMBERSBURG, Pa. — A Chambersburg business that provides warehousing and transportation services was awarded a $1.35 million, low-interest loan Wednesday in an announcement from the Pennsylvania Department of Community and Economic Development.
The Franklin County Area Development Corp. was named as the actual loan recipient for Franklin Storage LP and will pass along the money, according to a news release.
FCADC President L. Michael Ross described Franklin Storage LP as a “really significant third-party logistics provider” operating in the Chambersburg area for 25 years.
Ross said the company plans to use a 60,000-square-foot building previously occupied by Sunset Industrial Applications on Sheffler Drive.
“They need the space, and this space was available. It really is an arrangement we’re very pleased with,” he said.
The Pennsylvania Industrial Development Authority awarded FCADC a 15-year loan at 3 percent interest. The release said the total project cost is estimated to be $2.7 million for the company that employs 56 people.
Ross said Franklin Storage has a history of building and using warehouses, then selling or leasing those warehouses to national companies moving into the area.
“They’ll maintain their presence on Kriner Road,” he said.