Caltech Manufacturing, Inc. has Been Approved to Borrow $800,000 from PIDA
Caltech Manufacturing, Inc. has been approved to borrow $800,000 from PIDA for a building acquisition and renovations. The property is 21,042+/-square foot, on 2.26+/-acres located in Northampton Township. At the same time, a PIDA-MELF loan for $400,000 was approved for purchasing machinery & equipment.
Caltech Manufacturing Inc. is a precision machine shop business specializing in metal fabrication and assembly. The company will retain 25 jobs and create 6 new jobs. The total cost of the project is $3+ million dollars.
