The Community Development Corporation attracted as tenants a high-tech manufacturing company, Caracal, and a window-shade company, OEM Shades. But Caracal, which was fairly new, began experiencing financial problems and had trouble paying its rent. Without that income, the community-development corporation went bankrupt in 2008; Caracal followed in 2009, the same year the borough was forced to foreclose on the property. This led to the Borough being given a $580,000 fine by the U.S. Economic Development Administration for foreclosing on the property too soon, violating the EDA grant. This was soon after settled in 2016 when Borough Council authorized a $116,000 payment to the Economic Development Authority, paying the fine originally levied in 2015 and eliminating any connection to the business-incubator project. In a turn of the tide, Belleflex Technologies, a wholly owned subsidiary of Blair Strip Steel Company and manufacture of Bellville Springs and other custom steel products, renovated and occupies a portion of the former PPG Plant used for the business incubator. In addition to their occupation, a second subsidiary PullFlex Technologies, an "American producer of Fiberglass Reinforced Polymers focusing on specialty and custom designed applications like high strength-to-weight ratio composite materials, hybrid resin systems and custom woven and stitched material solutions" renovated and now occupies an additional portion of the plant.
The Community Development Corporation attracted as tenants a high-tech manufacturing company, Caracal, and !a window-shade company, OEM Shades. But Caracal, which was fairly new, began experiencing financial problems and had trouble paying its rent. Without that income, the community-development corporation went bankrupt in 2008; Caracal followed in 2009, the same year the borough was forced to foreclose on the property. This led to the Borough being given a $580,000 fine by the U.S. Economic Development Administration for foreclosing on the property too soon, violating the EDA grant. This was soon after settled in 2016 when Borough Council authorized a $116,000 payment to the Economic Development Authority, paying the fine originally levied in 2015 and eliminating any connection to the business-incubator project. In a turn of the tide, Belleflex Technologies, a wholly owned subsidiary of Blair Strip Steel Compa,ny and manufacture of Bellville Springs and other custom steel products, renovated and occupies a portion of the former PPG Plant used for the business incubator. In addition to their occupation, a second subsidiary PullFlex Technologies, an "American producer of Fiberglass Reinforced Polymers focusing on specialty and custom designed applications like high strength-to-weight ratio composite materials, hybrid resin systems and custom woven and stitched material solutions" renovated and now occupies an additional portion of the plant.