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A company will be receiving a state-backed loan to purchase a commercial building in Bristol Township.
Gov. Tom Wolf’s office announced Wednesday that the Bucks County Economic Development Corporation will disburse a $640,000 Pennsylvania Industrial Development Authority loan at a 3 percent fixed interest rate for 10 years to Philadelphia-based Manning-MFG LLC for the purchase a multi-occupancy building 1610 Manning Boulevard in the Edgely Industrial Park.
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“The facility is currently fully occupied with four longstanding tenants who will continue their agreement with Manning-MFG LLC. The total project cost is $1.6 million,” according to the governor’s office.
The loan for the Bristol Township property was one of six low-interest loan approved across the state.
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