The Jefferson County Industrial Development Agency has signed on to help Guilfoyle Ambulance Service move and expand.

Following in the footsteps of the Watertown Local Development Corp., the agency board approved a $252,500 loan for the service at 5 percent interest for 20 years. The service plans to purchase the former Covidien building on Faichney Drive for its new home.

“This is part of the money for renovations and new equipment,” board Treasurer Michelle D. Pfaff said.

The for-profit ambulance service now has 121 employees, but expects to add 74 in the next three years.

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