Wolf Administration celebrates investment in Pa.’s manufacturing industry during Bucks County business tours

Bensalem, PA – Today, Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver discussed the Wolf administration’s continued commitment to Pennsylvania’s manufacturing industry and looked at Common Wealth’s investments in two Buck County manufacturers.

“The Wolf administration has been unwavering in its support of Pennsylvania manufacturers, and it’s been amazing to see the positive impact our investments are having on companies and their communities,” Weaver said. “From disinfectant wipes to cosmetics, a wide variety of products are manufactured here in Bucks County. It is very encouraging to see these businesses continue to grow and succeed.

Secretary Weaver visited three businesses that received a total of more than $1.1 million in funding from the Wolf Administration.

• National Towel, Inc.A manufacturer of disinfectant wipes in Bensalem, which received $250,000 through DCED’s Neighborhood Assistance Program (NAP);
• FairyGene, Inc.A woman/minority-owned private label cosmetics and skin care manufacturer in Bristol that received a total of $450,000 through NAP, the Keystone Innovation Zone (KIZ) program and the Pennsylvania Minority Business Development Authority (PMBDA); And
• Americhem/LTL Color Computers, IncA thermoplastic producer in Morrisville that won $500,000 in NAP.

“We are excited to once again demonstrate the tremendous impact the administration’s investments have had on our county’s businesses,” said Jeff Darwak, executive director of the Bucks County Redevelopment Authority. “We have partnered with DCED on projects for many years and value their staff’s commitment to providing incentives for businesses in the state to not only stay in Pennsylvania, but grow here. The prosperity of our local businesses is critical to maintaining a healthy economy in this corner of our region, and the impact they have on our community is immeasurable.

NAP/EZP encourages private sector investment in nonprofit community projects by providing tax credits to businesses that donate capital to neighborhood and community initiatives. It can be used for projects including affordable housing, community services, crime prevention, education, job training, charitable meals, emergency, special population issues, veterans initiatives and long-term community revitalization.

The KIZE program provides tax credits to companies that have been in operation for less than eight years, have increased gross revenue over the previous year, are located in the Keystone Innovation Zone and are in a targeted industry sector, such as information technology. Advanced manufacturing/diverse items.

In the year Established in 1974, PMBDA administers low-interest loan financing to ethnically owned and operated businesses to encourage job creation and entrepreneurial development. Governor Tom Wolf has made empowering small-owned small businesses a priority through the 2015-2011 “Diversity, Inclusion and Small Business Opportunities in Commonwealth Procurement and the Pennsylvania Economy.”

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Media Relations:
Penny Ickes, DCED, dcedpress@pa.gov

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