Newsletter
Governor Rendell Visits Lower Bucks
The Governor held a press conference at Riverside Construction Materials located in Bristol, PA and presented a check to the Redevelopment Authority for the
Certified Redevelopment in Morrisville Borough. The grant will be used for the
purchase and rehabilitation of vacant and underused properties within this area.
The area consists of 563 parcels from the Delaware River to Pennsylvania Avenue
and Post Road to Bridge Street, and covers approximately 269 acres.
The Governor presented a $1.85 million dollar check to Riverside Construction
Materials, Inc. for the construction of a self-contained pneumatic ship unloader to
offload cement in compliance with all emission standards of the Pennsylvania Department of Environmental Protection.
$1 million DOLLAR Epa
Brownfield grant AWARDED
The Environmental Protection Agency of the Federal
Government has awarded a $1 million dollar Brownfield
Revolving Loan grant to the Redevelopment Authority
of the County of Bucks.
The grant will be used to help local property owners
clean up old existing buildings that are no longer in use
and the abandoned industrial properties in Bucks
County. The clean up of these properties will help to
preserve the open space that is still left in Bucks
County for years to come.
his grant funds will be used in conjunction with private
monies from developers and will be able to be re-used
since it will need to be paid back.
The Brownfield Identification Pilot is almost finished,
this is your last opportunity to get your site listed in
the Brownfield Inventory Pilot Book. Once the book is
printed it will be sent to all the economic development
agencies in Bucks County.
$50,000.00 Enterprise zone
grant approved
The Commonwealth of Pennsylvania awarded the Redevelopment Authority of the County of Bucks $50,000 for the
continuance of the Bucks County Enterprise Zone through the
next fiscal year. This is the 7th year of the Enterprise Zone,
which includes six municipalities that have for the past 6
years worked in concert to develop projects in the boundaries of the zone.
This award provides business incentives to either locate or
maintain businesses in the Enterprise Zone area for another
year. Since its inception the Bucks County Enterprise Zone
Board, made up of community residents and municipal leaders, have not
only provided low interest loans, but tax credit programs.
Job training programs, infrastructure grants, and many other incentives
to help develop and maintain family sustaining job opportunities.
Enterprise zone
LOANS & edc Tax Credits
Strescon Industries Inc. located at 1381 South Pennsylvania Avenue, Morrisville, received a $250,000 NAP/EZP
Tax Credit to assist with the $2 million cost
for the construction of an addition to their factory. Strescon Industries is a
manufacturer of pre-cast concrete. Their facility is located in the Bucks County
Enterprise Zone. The result of this expansion will allow Strescon to add 20 new
jobs at this facility.
Mazzocchi Development—Canal Works
of Bristol Borough has been approved for a $75,000.00 loan at 2.75% through the Enterprise Zone Assistance
Program to acquire equipment and for working capital. They were also approved
for a $75,000.00 loan through the Redevelopment Authority Revolving Loan
Fund for the upgrading of the freight elevator and electrical service at the Canal Works.
Bucks County Road Sweepers, Inc.
of Falls Township was approved for a
$75,000.00 loan at 2.75% through the Enterprise Zone Assistance Program for
the purchase of an additional road sweeper and the construction of a shop for
storage and repairs.
Riverfront South
of Bensalem Township has applied for a $1,000,000 Revolving Loan from the Redevelopment Authority. The loan would be to clean up
contaminants on a portion of the site and to get that portion ready for redevelopment.
The proposed development calls for condominiums on the waterfront. This will
help to start the complete re-development of this property which was once
used as a chemical plant.
The owners of this property were also approved for a $2 million Section 108
Loan by the County Commissioners at their August meeting for the clean up
and development of the site. The total cost of this project is estimated at approximately $3 to $4 million and would include a mixed use such as residential,
commercial, open space, and possibly a marina.
APPLY NOW FOR YOUR OWN LOW
INTEREST LOAN THROUGH THE BUCKS COUNTY
ENTERPRISE ZONE
ASSISTANCE PROGRAM!!!!
Funds available at 2.75%
The Enterprise Zone Assistance Program has loans available for
up to $75,000.00 with interest rates as low as 2.75% with 60
months to pay. Creative packages can be tailored to your business needs.
- Need more inventory?
- Want to expand your business?
- Need to hire and train new personnel?
- Need working capital?
If so, call for a loan application!
Investment Tax Credits of up to $250,000 per year are also available!
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