Blair County Businesses Secure Over $3 Million in Loans for Expansion

In a significant boost to the local economy, Blair County businesses have been awarded over $3 million in low-interest loans through the Pennsylvania Industrial Development Authority (PIDA). This funding aims to facilitate business growth and job creation within the region.

 

Eagle Eye Real Estate LLC, Eagle Eye Vision Center LLC, and Eagle Eye Surgery Center LLC have received a 10-year, $1.5 million loan at a 4.25% interest rate. The funds will be used to acquire a 17,754-square-foot facility located at 176 Vision Drive in Duncansville Borough. This acquisition is part of a broader initiative to purchase and rebrand the Laurel Eye Clinic and Surgery Center under the Eagle Eye name. Additionally, Eagle Eye Real Estate LLC will acquire the property from LEC Altoona LLC. The total project cost is estimated at $4.35 million. As a result, three new full-time positions will be created within three years, and 17 existing jobs will be retained. ([dced.pa.gov]

 

This investment is part of a larger effort by the Shapiro Administration to support businesses across Pennsylvania. In 2025, PIDA has approved $49,236,828 in low-interest loans, leading to $130,390,641 in private investment, the creation of 282 full-time jobs, and the retention of 628 existing positions. ([dced.pa.gov]

 

PIDA offers low-interest loans and lines of credit to eligible businesses committed to creating and retaining full-time jobs. These funds can be utilized for various purposes, including land and building acquisitions, construction and renovation costs, machinery and equipment purchases, working capital, and more. ([dced.pa.gov]

 

The Shapiro Administration remains dedicated to fostering a dynamic and thriving economy for all Pennsylvanians by supporting business growth and job creation throughout the Commonwealth.

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