Mobile Recording Studio receives start-up funding from CREDC

HARRISBURG, PA (March 29, 2005) - The Capital Region Economic Development Corporation (CREDC) announced today that it provided financing to Avalon Recording, Inc., a start-up mobile recording business located in The Murata Business Center, a small business incubator located in Carlisle, Cumberland County.
Avalon Recording will use the latest technology in mobile recording equipment to produce very high quality digital audio. The business will focus on local entertainment venues, as well as the religious community.

Jim VanZino, founder and president of Avalon Recording stated, "CREDC has been instrumental in helping us reach our financial goals, as well as providing a solid foundation for Avalon Recording to build from. Without the help and guidance of the CREDC business incubator at The Murata Business Center, Avalon Recording would be just another struggling start-up."

CREDC provided a Small Business First loan, funded through the Commonwealth of Pennsylvania's Department of Community and Economic Development, which was used to purchase equipment as well as for start-up working capital. PNC Bank provided additional financing. Avalon Recording expects to create at least three new jobs over the next three years.

The Capital Region Economic Development Corporation (CREDC), the economic development arm of the Harrisburg Regional Chamber, is a regional economic development organization working cooperatively with area communities in Cumberland , Dauphin and Perry counties. CREDC provides assistance to virtually any size or type of business by offering services in existing business retention and expansion, new business recruitment and development, and community improvement and development.