DelGrosso Foods received a $2.25 million loan through the Pennsylvania Industrial Development Authority to help finance the purchase of a 450,000-square-foot warehouse in Snyder Township, Tyrone, according to a news release from Amy Mearkle, DelGrosso director of marketing and advertising.

The state Department of Community and Economic Development approved more than $6.3 million in new, low-interest loans through PIDA to “help boost business growth and create and retain jobs” in places like Blair County, DCED Communications Director Justin Backover said in a release.

Mearkle said as a part of this initiative, DelGrosso Food partnered with the Altoona-Blair County Development Corporation to secure the 15-year, $2.25 million loan with a 4.25% reset interest rate. DelGrosso Food will occupy about 150,000 square feet of the warehouse at first, but plans to expand as the company grows.

“We currently meet our warehousing needs through other lease arrangements at other Blair County locations,” said Matt DelGrosso, COO of DelGrosso Food. “This will allow us to consolidate most of our warehouse needs. As we continue to grow, we need additional warehouse space, and this facility is conveniently located near both of our manufacturing plants.”

Additional financing for the project includes a $25 million loan from First Commonwealth Bank and $5.75 million in equity. As part of the expansion, DelGrosso Foods plans to create at least three new full-time jobs within three years and retain its existing 185 employees, Mearkle said.

One of the two approved projects for this round of loans was the purchase of a 169,137-square-foot light industrial and manufacturing multi-tenant property in Quakertown, Bucks County, by the 4th Street Realty LLC and Coleman and Sons Family Limited Partnership, through the Lehigh Valley Economic Investment Corporation with a 15-year, $2,061,000 loan at a 4.25% reset interest rate.

The other project was the acquisition of an 80,654-square-foot manufacturing facility in Waynesboro, Franklin County by the 627 North Grant Street LLC, through the Franklin County Area Development Corporation with a 15-year, $2,000,000 loan at a 4.25% reset interest rate.

The projects supported through these loans will inject more than $42.9 million into the economy across the three counties, Backover said.

So far in 2025, PIDA has approved about $22.3 million in low interest loans that have resulted in about $50.4 million in private investment, the creation of 123 full-time jobs and retention of 125 existing jobs.