Aluminumia Realty LLC, through the Bucks County Economic Development Corporation, has been approved for a 15-year, $1,000,000 loan at a 1.5 percent reset interest rate to acquire and renovate a 14,229-square-foot, one-story, multi-tenant building located at 51 Runway Road, Bristol Township, Bucks County. Once the building is acquired, the company has a tenant who will occupy 30 percent of the space with an expected increase to 50 percent in 2023. The company has identified a potential tenant for the remaining space after April 2023. The total project cost is $2,000,000.
Titan Mobile Shredding, LLC, through the Bucks County Economic Development Corporation, was approved for a 15-year, $600,000 loan at a 2.5 percent fixed interest rate to acquire a 14,972-square-foot manufacturing facility located at 5110 Applebutter Road, Plumstead Township, Bucks County. The total project cost is $1,500,000 and the company has committed to retain 13 full-time jobs within three years.