A $200,000 state grant sweetened the deal so they could buy new furniture. The facility is also in a sales-tax-exempt Keystone Opportunity Zone, though that benefit is scheduled to expire in the next few years.
"We're planning on adding 90 jobs a year" at the headquarters - accounting, call center, recruiting, Kaliner said. The office supports the trucking and dispatch center at Alan and Fran Levin's Northeast Building Products in Northeast Philadelphia, plus existing regional operations in Cranford, N.J.; Greenbelt, Md.; and Stratford, Conn., and planned expansion in Long Island, Boston, and Atlanta later this year. All will be funded internally, without bank loans or investors.
How can Power expect to grow so fast? Federal tax breaks for energy savings have boosted demand, though they are scheduled to diminish this year. Plus, says Kaliner, "a lot of competitors closed their doors." One local rival, Windowizards, suspended operations - temporarily, it said - after problems with a supplier last month.
Gov. Rendell is scheduled to help dedicate the new Power office Tuesday. He gave more aid to a rival foreign company last year, U.K.-based Mark Group, which was given $3.3 million in state loans and grants to pick a site at the Navy Yard, where it said it will hire 300.