SPOTLIGHT ON BUCKS

Three Hundred and Thirty-Four Jobs for Bucks County

Bucks County Economic Development Corporation (BCEDC), is the Commonwealth of Pennsylvania’s certified economic development organization(CEDO) for Bucks County. In 2017, BCEDC helped Bucks County manufacturers and distributors acquire more than $9 million from PIDA’s low-interest loan program. That’s the largest amount distributed to Bucks County since the $13 million approved for county companies in 2014.

BCEDC attributes the increase to Bucks County’s strong economy as well as the low interest rate of 2%, down from the previous rate of 4%. Companies couldn’t pass up the money.

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NOTEWORTHY NEWS

  • Kreischer Miller, Center for Private Company Excellence Announces Survery Results
  • BCEDC hosted a Free Breakfast for Brokers and Bankers on December 5th
  • BCEDC 2018 Membership drive is on!

Kreischer Miller, Center for Private Company Excellence Announces Survery Results

Kreischer Miller recently completed work on its inaugural Private Company Pulse Survey. They created the survey because they recognize how critical privately-held and family-owned companies are to the economy, job creation, and growth in our region. These companies truly represent the pulse of what is going on in our markets and they hope that you enjoy learning what is on the minds of fellow owners and executives. 

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FINANCIAL TOOLBOX

  • December SBA 504 and PIDA Interest Rates
  • 3 Tips for Quickly Acquiring a Longer-Term Loan with Lower Interest Rates

3 Tips for Quickly Acquiring a Longer-Term Loan with Lower Interest Rates

Truth time: Did you promise yourself you’d at least explore an SBA or similar loan this year? As the clock winds down into the fourth quarter, you may not think there’s time, but you can still slide in before the end of the fiscal year. Getting approved can take just 45 to 60 days.

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COMPANIES ON THE MOVE

The Nappen & Associates Team secures Two Long Term Lease Renewals

MATCOR will renew its lease for 47,000 square feet located at 101 Liberty Lane, Chalfont, New Britain.

In business for over 40 years, MATCOR provides services and products that solve corrosion problems in major infrastructure assets such as oil, gas and water pipelines, above ground storage tanks, power plants, energy facilities, deep wells and steel-in-concrete structures.

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BCEDC BUSINESS HAPPENINGS

Rhino Cable Service Inc., Bensalem Township will receive a $775,000 PIDA loan to purchase a building and $60,000 for machinery and equipment loan. The funding will assist the expansion of its 22,500 sq. ft. facility, located on a 3.2-acre property on Blanche Road. The project will renovate and upgrade the facility and purchase machinery. Founded in 2005, Rhino Cable Service manufactures equipment for major cable companies, including Comcast. The expansion will create and retain 36 full-time jobs.

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STRATEGIC EARLY WARNING NETWORK

Re-positioning Your Business

Every business goes through a life cycle. Almost always, at some point in that journey through time, an event or set of circumstances requires that a business change its’ focus. Many times the recommended response to this business interruption is for the organization to re-invent itself. However, the steps necessary to invent a new business generally require a significant amount of upheaval, expense and drama. Most times, a strategy to re-position the business alters the organization’s direction enough to offset any setbacks created by outside issues. Because time is of the essence, the key to a successful re-positioning of your business is a targeted plan. Self-evaluation, realistic analysis, market research and focused networking are the ingredients needed to build the action steps for your change strategy. 

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MEMBERS’ CORNER

  • Family Service Honors Penn Community Bank as Corporate Citizen of the Year
  • More than 1,700 System Projects Completed to Enhance Natural Gas and Electric Service for PECO Customers
  • Colliers Launched Their Fall /Winter Issue of Colliers’ Insight Magazine
  • Jordan Yeager recognized as “Lawyers Among Us”
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