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HARRISBURG, PA-The State’s Department of Community and Economic Development hands out $2.2 million in financing to facilitate the expansion of two companies in the Philadelphia suburbs. With a little more than $1.8 million in grants and tax credits, Kensey Nash Corp. breaks ground for a new 162,000-sf manufacturing facility in Exton. LiguidHub Inc. obtains $400,000 in financing from DCED to relocate its headquarters to a new, 7,135-sf property in King of Prussia.

Kensey Nash’s package includes a $600,000 Infrastructure Development Program grant, a $500,000 Opportunity Grant, and $714,000 in job-creation tax-credits. The producer of medical devices has outgrown its current 68,000-sf and 10,000-sf facilities in Exton. The new structure will enable it to retain 264 jobs and create a minimum of 238 more within five years.

LiquidHub, a technology consultancy, obtains a $200,000 Small Business First loan, a $100,000 Opportunity Grant, and $100,000 in customized job training funds. It will retain 90 jobs and create an additional 83 over the next three years. In handing out the funding, DCED Secretary Dennis Yablonsky says, “we welcome these advanced technology companies to Southeastern Pennsylvania.”

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