October 2012 - November 2012
Refrigeration Design & Services, Inc. (RD&S) has been approved to borrow $300,000 from PIDA. The amount is in addition to the previously approved amount of $1,440,000. The loan will be used for renovations to the 33,750 square foot building. With the additional monies RD & S will create an additional nine jobs. RD&S is located in Fairless Hills, Falls Township.
MP Filtri USA, Inc., Quakertown is approved to borrow $300,000 from PIDA to construct an additional 10,000 square foot manufacturing facility to their current 10,000 square foot building. MP Filtri currently distributes hydraulic fluid filters however with the expansion they will begin to manufacture them as well.
Other Financing Approved
Lux Industries was approved for a SBA Guarantee Loan to borrow $1,200,000. Lux Industries is located in Morrisville which is located in Falls Township and Morrisville Borough. The money will be used to acquire, renovate a 70,000 square foot building and related costs. Lux Industries is an equipment and refractory precast manufacturer as well as a full service mechanical contractor.