Future Foam, Inc. has been approved to receive financing from Pennsylvania Industrial Development Authority (PIDA) to purchase two buildings in Falls Township that they currently lease. Future Foam, Inc. will create eight (8) and retain thirty-four (34) jobs. The PIDA financing is for $1,190,000 and the total project cost is $5,156,379.
Future Foam, Inc. produces foam at five strategically located foam pouring and carpet cushion plants as well as fifteen fabrication plants. The facility in Fairless Hills produces carpet cushion.
Chandler Hall Health Services, Inc., Newtown Township has received approval to borrow and refinance $29,906,000 revenue bonds from Commonwealth of Pennsylvania through the Bucks County Industrial Development Authority. Eighty-eight (88) jobs will be created and two hundred and forty-seven (247) jobs will be retained. Chandler Hall Health Services, a large, multi-building facility,provides programs and support to aging Newtown residents and their families.