Two Minority-Owned Bucks County Businesses Receive Loans from Shapiro Administration

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Governor Shapiro
Image via Governor Josh Shapiro.
During the second day of the Life Sciences Future event, Gov. Josh Shapiro pledged to continue taking "concrete actions" to improve Pennsylvania's life sciences industry.

Two minority-owned businesses in Bucks County have received two new loans totaling $350,000 through the Pennsylvania Minority Business Development Authority.

This funding builds on Governor Josh Shapiro’s commitment to help small businesses grow across Pennsylvania and spur economic development.

Bristol-based FairyGene has been approved for a $250,000 loan to help fund its business expansion. It will use the funds to purchase machinery and equipment to improve production and increase its workforce.

Meanwhile, Levittown-based Numa Foods was greenlit for a $100,000 loan that will fund the final phase of the installation of its heavy-duty automated equipment. This will increase its production capacity, sales, and workforce.

The company produces all-natural, healthier candies and snacks that are made of taffy and peanuts. It will create one new full-time job thanks to the loan and retain two full-time employees.

“Providing resources to minority-owned businesses to help them grow and succeed is key to creating a strong economy in our Commonwealth,” said Department of Community and Economic Development Acting Secretary Rick Siger.

Learn more about the loans through the Pennsylvania Department of Community & Economic Development.

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