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Two bond issues approved

Published July 08. 2010 05:00PM

Two recovery zone bonds were authorized to be issued by the Schuylkill County commissioners for a Pottsville Company dealing in beauty supplies and training of beauticians to renovate an existing building and add an addition in action taken at their work session held Wednesday at the courthouse in Pottsville.

A bond issue in the amount of $2,686,165 was approved for Schoeneman Realty Company and F. K. Realty , L.P., project owners and EEG Inc., (Empire Education Group) project occupant. The building is located at 396 and 412 Pottsville Pike, East Norwegian Township (along SR61 between Pottsville and Saint Clair) for renovation of the building. The second bond issue for $2,185,835 was approved for EEG, Inc., the project owner and occupant of the building, for an addition to the buidling.

Frank Zukas, chairman of Schuylkill County Industrial Development Authority (SCIDA) told the commissioners in requesting approval of the bond issues that the projects will create 158 new jobs. The project will consist of construction of an approximately 30,000 square foot addition to the owner's existing facility for office and related space and renovation of a 64,000 square foot existing facility.

The action was taken pursuant to the American Recovery and Reinvestment Act of 2009 which the county commissioners adopted a resoluton designating all of Schuylkill County to be in the recovery zone.

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