CED NEWS

Read CED news for important announcements.

Creekside Springs Continues Growth

Creekside Spring, LLC will invest over $1 million in expanding its production capacity at its New Brighton location. The company currently operates sites in Ambridge and Salineville, Ohio at capacity. The Beaver County Corporation for Economic Development (CED) approved a $250,000 loan and recommended the Pennsylvania Industrial Development Authority approve an additional $400,000 loan to support the expansion. Creekside Springs is a private label and contract packager of water-based beverages. This project will involve the acquisition and installation of production equipment and storage capacity necessary for a new single serve production line. The expansion will allow the company to retain an existing 30 employees in Pennsylvania and create 12 new jobs at the project site within three years of the line going into production.

New Brighton Company to Expand

The Beaver County Corporation for Economic Development (CED) approved a $123,000 loan and recommended the Pennsylvania Industrial Development Authority approve an additional $123,000 loan to support the expansion of Standard Horse Nail Co., LLC located in New Brighton. Standard Horse Nail was established in 1872 and moved to New Brighton in 1882, with its primary business since inception being the manufacture of machine “Woodruff” keys, taper pins and other precision fasteners. This project, estimated to cost $290,000, involves converting 25,000 square feet of unused warehouse areas into manufacturing space, including new electric service and distribution, concrete work, and miscellaneous property improvements. The company will use the space to introduce a new technology into its production process that will substantially improve productivity. Standard Horse Nail will retain 22 existing jobs and create an additional 10 new jobs within three years with this expansion.