News You Can Use

Find out about BCEDC’s latest happenings. Timely information on economic development in Bucks County. News about Bucks County businesses, BCEDC board of directors and members, current loan programs and program interest rates.
Feb
12

Bucks County Manufacturer approved to borrow PIDA Funds

Bucks County Manufacturer approved to borrow PIDA Funds
 The Pennsylvania Industrial Development Authority (PIDA) recently approved five new low-interest loans to businesses for expansion and job creation.The authority also provides low-interest loans and lines of credit to companies for the development of industrial parks and multi-tenant facilities. For applications received by March 31, interest rates will vary between 2 percent and 3 percent."Access to low-interest capital is critical for small business growth," Gov. Tom Wolf said. "The commonwealth's partnership wi...
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95 Hits
Jan
06

PIDA Announces 1st Quarter Interest Rates

PIDA Announces 1st Quarter Interest Rates
PIDA provides low-interest loans for businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) such as Bucks County Economic Development Corporation (BCEDC), that partner with PIDA to administer the loan program.  The loan rate announced for the first quarter of 2020:PIDA-3% fixed for full term of loan;...
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  298 Hits
298 Hits
Nov
06

BCEDC Executive Director is Appointed to Pennridge School Board

BCEDC Executive Director is Appointed to Pennridge School Board
Bob Cormack will utilize his 42 plus years of experience in economic development to assist the Pennridge School Board. Bob and his family have resided in the district for over 30 years. Cormack has also served on the Upper Bucks County Technical School's Advisory Committee for 20 years, and was a member of the most recent Pennridge comprehensive planning committee.As a parent of three children who attended Pennridge K-12; one who was in the gifted program, one with special needs and a third who took the m...
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  932 Hits
932 Hits
Oct
02

PIDA loan rates drop 4th quarter 2019

PIDA loan rates drop 4th quarter 2019
PIDA (Pennsylvania Industrial Development Authority) interest rates are the lowest they have been all year.  Rates are as low as 1.75% for Real Estate or Land and Machinery & Equipment 2.75% fixed.Why choose a PIDA loan?Many businesses are eligible for this type of loan. PIDA is not a substitute for conventional bank lending but works in conjunction with banks or other lenders to provide as much as 50% of the project cost to a maximum of $2,000,000. PIDA's below market interest rate is a major benefit...
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  796 Hits
796 Hits
Jul
01

DCED annouces PIDA Rates for 3rd Quarter

DCED annouces PIDA Rates for 3rd Quarter
The Pennsylvania Industrial Development Authority (PIDA) announced interest rates for economic development loans to businesses. The PIDA program offers low-interest loans to eligible businesses that commit to creating and retaining full-time jobs.Right now, PIDA's interest rates  are 3.00% for real estate and 3.00% for equipment financing for any PIDA borrower whose loan application is received on or before September 30 2019. Lowest rates this year! Depending on the project, rates and terms can be fixed u...
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  1523 Hits
1523 Hits
Jun
21

PBGW Hosts BCEDC Presentation

PBGW Hosts BCEDC Presentation
On Thursday, June 20, 2019, Bob Cormack, BCEDC Executive Director and Jim Pawlikowski, Loan Manager presented information about BCEDC's Loan programs and Tax Credits to Pritchard, Bieler, Gruver & Willison P.C. accountants at their location in Colmar, PA.  PBGW accountants were given tools to better advise their clients about growing and utilizing tax credits to raise cash for their business. PBGW accounts were able to earn CE credits.  Please contact our office 215.348.9031 to learn mo...
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  1130 Hits
1130 Hits
Jun
18

PPL Electric Utilities named 2019 Investor-Owned Utility of the Year by SEPA

PPL Electric Utilities named 2019 Investor-Owned Utility of the Year by SEPA
The Smart Electric Power Alliance (SEPA) has named PPL Electric Utilities as the 2019 SEPA Power Players Investor-Owned Utility of the Year. Now in their eleventh year, the SEPA Power Players Awards honor utilities, their industry partners and individual thought leaders, providing the vision, models and momentum for the electric power industry's smart transition to a clean, modern energy future.Chosen by an independent panel of judges with diverse experience in the electric power industry, PPL Electric Utilities and win...
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  1073 Hits
1073 Hits
May
06

Who knew manufacturing could be so cool?

Who knew manufacturing could be so cool?
Thanks to DVIRC's "What's So Cool About Manufacturing?" Contest, hundreds of students from Philadelphia area middle schools now know!On April 8th, 2019, students, parents, educators, manufacturing leaders, community sponsors, local legislators, and project partners gathered at the Oaks Convention Center for an awards ceremony where students received awards for the best student-developed videos exploring manufacturing in the Philadelphia region. The "What's So Cool About Manufacturing?" contest gives middle-school studen...
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  1550 Hits
1550 Hits
May
04

Past BCEDC Board of Director passed away on April 30th.

Past BCEDC Board of Director passed away on April 30th.
Harry J. Barford, Jr. passed away peacefully on April 30th surrounded by his family after a long and brave battle with cancer for six years. He was 76 years old.Harry was a man of many talents and successes. He founded Carrol Engineering where he served as President and Chairman until retirement where he remained as Chairman Emertius. He worked tirelessly to build one of the most successful engineering firms in the tri-state area.He was a philanthropist where he served on many on numerous boards such as Bucks County Eco...
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  1234 Hits
1234 Hits