GRCA

Reading based developer earns tax credits

August 3, 2017 by GRCA

Shuman Development Group (SDG) is in the process of redeveloping the former Abraham Lincoln Hotel. After years of uncertainty for the historic property, the SDG last year launched an $11 million renovation of the former hotel into mixed-use apartments and retail that includes new markets tax credit (NMTC) and historic tax credit (HTC) equity. The …

Rentokil merges with Virginia based company

August 3, 2017 by GRCA

Reading-based Rentokil Steritech North America, one of the country’s largest pest control companies, has merged with a Virginia exterminator company, according to news reports. Connor’s Termite and Pest Control of Springfield was founded in 1974 and serves residential and commercial customers in the northern Virginia/Washington, D.C. area. The merger adds nearly 100 new full-time employees, …