A Bristol township based manufacturing company plans to spend $1.6 million to expand, purchasing a new building in the municipality through the use of a state loan program for businesses.
Gov. Tom Wolf announced earlier this week Manning-MFG, LLC was one of six Pennsylvania businesses approved for low-interest loans through the Pennsylvania Industrial Development Authority, and disbursed through the Bucks County Economic Development Corporation.
The businesses that were awarded funding today will expand their operations and improve service, bring new jobs to their communities, and benefit Pennsylvanians in a number of ways — including making healthcare more accessible and environmentally friendly and acquiring the tools and equipment they need to offer high-quality service to consumers,” Wolf said. “My administration continues to invest in and support businesses of all sizes as they work to strategically improve their operations and what they can offer to their customers,” Wolf said.
The low interest, $640,000, 10- year loan is designed to help businesses expand and creating new full-time jobs with its acquisition of an existing 28,060 sq. ft. multi-occupancy building located at 1610 Manning Blvd.
The facility is currently fully occupied with four longstanding tenants who will continue their agreement with Manning-MFG, LLC, officials said.