Expanded Project Facility Signed with Philadelphia Industrial Development Corporation

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With PIDC, Philadelphia’s public-private economic development corporation, PaceControls recently renewed and expanded its contract line of credit.  The line of credit, one of the largest ever granted by PIDC, allows PaceControls to obtain advances on approved product and project invoices at a low interest rate, a great advantage in builds of its Made in USA product suite.  “We’ve been very impressed with PaceControls’ growth as part of the Consortium for Building Energy Innovation at The Navy Yard, and we are happy that they are creating great products and hiring talented people right here in Philadelphia”, said Brad Boone, VP for Marketing & Business Development for PIDC, in a statement.