CHAMBERSBURG, Pa. - A $125,000 low-interest state loan will help Olson Technologies start manufacturing navigational and optical instruments for U.S. Navy, Coast Guard and commercial ships, according to the Franklin County Area Development Corp.
At least nine new jobs are expected to be created at the project site at 600 Paper Mill Road, Chambersburg.
Olson Technologies, a partnership of brothers Terry and Garry Olson, received the 5 percent loan from the Small Business First Fund, which provides funds to small businesses.
According the development corporation, the product line of navigational and optical instruments shows that Franklin County can support the manufacture of scientific instruments.
For more information, call the development corporation at 1-717-263-8282.