15 Employees, Up Three From 2012
Family owned and operated?Pennsylvania Globe Gaslight Company (Penn Globe)?designs and manufactures efficient, energy-saving lighting for premier venues’indoor and outdoor spaces.
The company’s mission??To build environmentally-friendly lighting systems for greater quality of life within each community they serve.
Company Vice President Marcia Lafemina first came to the Connecticut Small Business Development Center (CTSBDC) in March 2012. The company required funding for a rush order placed by longtime-valued customer, the University of Connecticut (UConn). UConn wanted 75 new light fixture assemblies to grace its Storrs campus’ Hillside Avenue, home to Gampel Pavilion, Jorgensen Auditorium and the CTSBDC.
Penn Globe needed the financing for labor costs and contracted services associated with the project, and for new equipment purchases. In return, Penn Globe pledged to use a portion of its financial assistance to bring contracted out-of-state work back to Connecticut.
CTSBDC business advisor Christopher Pisarz teamed with Marcia and determined that the Small Business Express Program provided by the Connecticut Department of Economic and Community Development (DECD) was the best funding option.
Given Penn Globe’s promise of new jobs, the company applied for a $100,000 matching grant, which required applicants to provide a dollar for dollar match to funds injected by the DECD.
With Chris’ help, Marcia prepared a new business plan, project description and project budget. They compiled Penn Globe’s financial statements and completed the grant application, which Chris submitted along with a Job Expansion Tax Credit (JET) application that entitles awardees a $500 tax credit per month based on every new, full-time job created.
“With the support of Christopher Pisarz and CTSBDC, Penn Globe was awarded the $100,000 DECD matching grant,”?Marcia stated.
“The company achieved its goals, gained new equipment needed to support our business, and hired three full-time employees, one of whom was previously unemployed. Thanks to CTSBDC, Penn Globe continues to grow and flourish.”