Fast-growing Tech Company Gets State Backing
GDC has grown from one employee in 2000 to 97 employees today.
Chambersburg, Pennsylvania — December 5, 2006
Global Data Consultants LLC (GDC), 1144 Kennebec Drive, has grown from one employee in 2000 to 97 employees today. Each year employment at the information technology company has roughly doubled.
“Those are all high-tech jobs,” said L. Michael Ross, president of the Franklin County Area Development Corp. “Those are the kind of jobs we as a community have been trying to bring to the community.”
Greg Courtney, Global Data president and CEO, wants to keep up the pace.
“We have grown very rapidly over past five to six years,” Courtney said. “We are poised to handle next level of growth.”
GDC serves major local manufacturers such as JLG Industries in McConnellsburg, Ingersoll-Rand in Shippensburg, Grove-Manitowoc in Shady Grove, and Volvo-Mack Trucks in Hagerstown, MD. The company recently became a preferred vendor for Highmark Blue Shield in Harrisburg and Pittsburgh.
Gov. Ed Rendell announced on Friday that the state was guaranteeing half of a $500,000 operating line of credit and $150,000 of a $500,000 term loan for GDC. The financial backing is to retain and create at least 132 jobs.
Jobs will be created across the company structure, Courtney said.
“It demonstrates Franklin County can support information technology companies,” Ross said. “It becomes another part of the economy that has room to grow.”
Chambersburg allowed the company to develop a business model in a climate that was more conducive to growth than more metropolitan areas, according to Courtney.
“It allowed us to grow and begin competing with larger firms,” he said. “The employee base is very loyal. They want to live in this area. It keeps them from having long commutes, and we’re able to offer the economies of a less metropolitan area.”
Some of money will go toward an expansion of the company’s headquarters to house a diesel generator to sustain service through power fluctuations, Courtney said.
GDC, established in 1995, opened its Chambersburg office in 2004 and has another in Wormleysburg, PA. The company offers services from network infrastructure support to custom application development, both stateside and abroad, with around-the-clock technical support.
With a Second Stage Loan Guarantee from the state, GDC secures a loan from Community Banks Inc.
The state’s $50 million initiative, administered by the Commonwealth Financing Authority, is designed to help two-to eight-year-old bioscience, advanced technology, and manufacturing businesses secure loans.
By JIM HOOK Senior writer
Chambersburg Public Opinion Business (December 5, 2006)