PEDA - Pennsylvania Economic Development Association

IMPACT Across PA | Bucks County

03/19/2019 2:03 PM | Anonymous member (Administrator)

IMPACT Across PA |  Bucks County

Cardolite Corporation, the world's largest cardanol producer, recently relocated from New Jersey to Pennsylvania after acquiring a Bristol Township, PA, facility for $3.13M.

Cardolite Corporation is a privately held developer and manufacturer of the world's largest variety of products derived from cashew nutshell liquid (CNSL), a renewable natural resource, and has thirty years of experience in the specialized production of quality CNSL-based materials. Bucks County Economic Development Corporation (BCEDC) facilitated a loan of $1.25M through the Pennsylvania Industrial Development Authority to assist with the purchase of the building.

BCEDC is a state-certified economic development organization established in 1958 to support economic growth in Bucks County. BCEDC offers low cost financing options for land, building, machinery and equipment. These and other incentive programs offered through BCEDC contribute to a strong and vital economy for Bucks County and, in return, create and retain jobs for Bucks County residents.

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