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