Two local organizations in Lower Bucks will benefit from $518,000 in state grants. The funding comes through the Neighborhood Assistance Program.
LTL Color Compounders will utilize the bulk of the funding at $500,000. First, the business will expand its warehouse by 60,000 square feet. With the extra space, LTL will add 23 jobs with benefits. State Reps. Tina Davis and John Galloway announced the funding last week.
“This NAP funding awarded to LTL Color Compounders will enable the company to fund 23 well-paying jobs with benefits,” Galloway said. “These are family-sustaining jobs and will help strengthen Bucks County’s economy. This is just what Falls Township needs to continue to grow and thrive.”
The remaining $18,000 will go to the Bucks County Opportunity Council in Bristol Township. With locations throughout the county, the BCOC’s mission is “to reduce poverty and partner with our community to promote economic self-sufficiency.”
More specifically, the money will be used to support the Economic Self-Sufficiency program, “which helps people achieve economic stability through education and employment.”
The Neighborhood Assistance Program focuses on help low-income areas with private-public partnerships.