BUSINESS HAPPENINGS

Home Reserve, LLC, through the Bucks County Economic Development Corporation, was approved for a $740,000 PIDA Machinery and Equipment Loan Fund (MELF) loan at a 10-year, 2.75 percent fixed interest rate to acquire nearly $1.5 million in manufacturing machinery and processing equipment for use in Home Reserves’ new Quakertown facility. The equipment includes industrial woodworking, textile, foam blowing, and packaging machinery and equipment and will support Home Reserves’ in manufacturing and packaging its uniquely designed, flat-packed, and ready-to-assemble furniture.

The expansion will create 85 new jobs in three years and the total project cost is $1,480,000.