Doug and Connie Shannon own the Lago Winery, which sits on 104 acres at Pymatuning Lake. They produce, serve and sell a number of crafted wines along with wood fired pizzas, toasted Italian sandwiches and gourmet cheese trays. They also offer on-site Bed & Breakfast lodging. This popular winery draws large crowds, especially on the weekends, and they wanted to expand to better serve their customers.
The Progress Fund provided a $250,000 loan to enable the Shannons to expand their winery and purchase additional equipment to expand on-site production of wine.
The winery, with its B&B, has become a destination attraction in the Pymatuning Lake area. Pymatuning Lake Park is one of the largest in Pennsylvania and the reservoir is the largest lake in the state. The park and lake draw millions of visitors per year, but there are few entertainment and dining choices in the area. The Lago Winery has been successful, attracting approximately 30,000 visitors per year. Their new brew pub, opening in spring of 2016, along with the new retail shops will add to the attraction. Our loan helped Lago Winery to create 5 full-time jobs while retaining 2 full-time and 21 part-time jobs.