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NIAGARA CANDY GETS LOAN FOR EQUIPMENT

Niagara Candy, 3500 Genesee St., Cheektowaga, a manufacturer of chocolate sweets, has obtained a $300,000 low-interest loan to purchase of new equipment.

The five-year loan at 80 percent of the prime interest rate was obtained from the Cheektowaga Economic Development Corp. in conjunction with conventional financing through Norstar Bank.

Niagara Candy is expected to increase its work force of 160 by as many as 60, according to the town development agency.

The financing will provide for purchase of a mechanized warehousing system, a scale and bagging machine, and an over-wrap machine in a recent addition to the plant. Niagara Candy has had several expansions since moving to Cheektowaga in 1982.

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