REICHdrill Inc. Sets Expansion
REICHdrill Inc. is planning a multi-million-dollar expansion of its Decatur Township, PA operations.
The expansion will result in 65 new jobs and retention of 70 existing jobs. REICHdrill Inc. manufactures top head and rotary table-drive drilling equipment for use in the waterwell, oil and gas exploration, quarrying, construction and mining industries.
REICHdrill will invest $5.4 million in the expansion and the Commonwealth of Pennsylvania will provide up to a $1.51 million economic package that includes Job Creation Tax Credits, an Opportunity Grant and a low-interest loan from the Pennsylvania Industrial Development Authority.