American Bread Company was approved to borrow $700,000 from PIDA. The company will be using the funds to purchase 34,000 square foot building in Bristol Township where they will be setting up a state of the art manufacturing facility. The total project cost is $1,725,500. Twenty jobs will be created. The new building is located in an Enterprise Zone.
PIDA approved Signature Systems, Inc. to borrow $1,400,000 to purchase a building in Warminster Township. The total project cost is $ 1,725,000. The new 34,000 square foot building will be used for all functions of the business. The project will create sixty jobs.
Gelest, Inc, Falls Township was approved to borrow $2,250,000 from PIDA. Gelest will be constructing 21,375 square foot of lab space on their existing property. The total project cost is $5,500,000. This project will yield the retention of 97 jobs and the creation of 15. Gelest, Inc. is in an Enterprise Zone.