SPOTLIGHT ON BUCKS | TRIFECTA SPORTING CLUB

Trifecta Sporting Club in Bensalem Township, Bucks County

A soccer facility located in Bensalem, PA has new owners, who will oversee a major facelift of the facility in the upcoming months.

The United German Hungarians (GH) Soccer Club, steeped in German culture, has a long-standing and celebrated history in the world of soccer. Almost everyone in the “Who’s Who” of Pennsylvania and National Soccer History have all played at or had some involvement on the GH’s fields and stadium. The rich history of GH’s property is the foundation that ensures future generations the opportunity to participate in soccer and other sports at the complex.

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NOTEWORTHY NEWS | SUSAN McDonald

Meet BCEDC’s Newest Board of Director Susan McDonald from CCI Consulting!

Susan is a Business Development Executive working with C-suite and Senior Executives at Fortune 1000, mid-size regional and high-growth private equity and venture capital firms to mitigate risks and optimize human capital contributions and ROI. Susan is fondly referred to as CCI’s “business athlete” with a unique & broad background which encompasses sales, operations, organizational development, retained executive search, career management coaching, branding and marketing, key account management as well as large scale project management.

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NOTEWORTHY NEWS | MANUFACTURING DAY

Manufacturing Day – Opening Doors, Opening Minds!

National Manufacturing Day is the nation’s largest, one-day celebration of the Manufacturing Industry. It is designed to raise awareness about the modern dynamics and opportunities that a career in manufacturing present for the next generation of workforce talent. MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it is not. Students and the community can see for themselves how far manufacturing jobs have come, and the environments in which they take place. Manufacturers need to capture the minds of the next generation as more than 3.5 million job openings are expected over the next decade with a growing skills shortage. When students and parents experience modern manufacturing firsthand, their attitudes and opinions about our industry shift for the better.

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THE BOTTOM LINE | HABITAT RESTORE

Habitat ReStores Offer Solutions to Slow-Moving and Obsolete Inventory

Businesses in Bucks County with slow-moving or obsolete inventory can team up with the Habitat for Humanity ReStores in Chalfont and Langhorne to arrange a pick up of their unwanted goods. The Habitat ReStores are fully prepared to take on any size donation – large or small. Depending on the volume of the donation, Habitat Bucks ReStores can send live load trailers, drop trailers, or straight trucks to pick up any size donation. 

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COMPANIES ON THE MOVE

Office Space Purchased in Lower Southampton

Information provided by  The Flynn Co.

Mike Borski, Sr., The Flynn Company, represented Joe Hand Promotions in the purchase of 20,000 square feet of office space. Ed Ginn and David Goodman, Equity Brokers represented the seller, Beneficial Bank. The property is located at 213 W. Street Road, Lower Southampton.

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BCEDC BUSINESS HAPPENINGS

Imageworx Purchases Building in Tullytown Borough

Imageworx, Levittown was approved to borrow $560,000 from PIDA, with a total project cost of $1,500,000. The funds will be used to purchase a larger building in Tullytown Borough. The new facility will be 32,200 square feet and will allow the company to expand and grow into the foreseeable future. Imageworx is a service-oriented supplier of prepress services to the printing, packaging, cosmetic, medical, and advertising industries. They specialize in the production of artwork, plates, film, prototypes, and proofs designed to meet customers’ specialized requirements. Imageworx’s project will create 3 and retain 17 jobs.

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FINANCIAL TOOLBOX | PIDA INTEREST RATES

PIDA Loan Rates

 10-Year Fixed: 4.00%  15-Year Fixed: 4.00%

 
SBA 504 Rates

 10-Year Effective: 5.59%  20-Year Effective: 5.59% 25-Year Effective: 5.64%

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STRATEGIC EARLY WARNING NETWORK | SEWN

Tips on Trimming Overhead Costs

Facing a crisis of shrinking profit margins, Bucks County manufacturing leaders have been asking for some tips on trimming overhead costs. Before offering advice, a couple of ground rules:

  • For this article overhead costs are considered as; “any resource, task or thing that does not directly touch the product being produced for sale”.
  • Talk to your employees, don’t target them.
  • Do not look for magic bullets
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NEW MEMBER | KERSHNER OFFICE FURNITURE

Meet Member Annette Wilson and Kershner Office Furniture

“You are the product of your environment. So choose the environment that will best develop you toward your objective.” —W. Clement Stone

Kershner Office Furniture is a preferred turn-key supplier for commercial furniture in the metro-Philadelphia and surrounding area. Now in our second generation as a family-run business, the Kershner name has been synonymous with quality products and service for over 50 years.

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NEW MEMBER | NEWMARK KNIGHT FRANK

Meet Member Justin Bell, Managing Director, Newmark Knight Frank

“Since joining the firm in 2006, Justin has completed approximately six million square feet of office and industrial transactions valued at more than $300 million. His area of expertise includes office and industrial tenant and landlord representation, building sales, relocations, expansions, renewals, lease diagnostics, valuation consulting and financial analysis. Justin spends the majority of his time advising companies in suburban Philadelphia.”

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MEMBERS’ CORNER | PPL

PPL Electric Utilities Grid Reliability in Top 10 Percent Nationally

Standard on outage frequency shows company is tops in the Mid-Atlantic region for 2017; sixth among 93 utilities in the United States.

Electric service reliability for PPL Electric Utilities customers is ranked in the top 10 percent nationally and first in the Mid-Atlantic region, according to a key reliability measure from a national engineering association.

Figures for 2017 performance from the Institute of Electrical and Electronics Engineers (IEEE) show PPL in sixth place nationally among 93 utilities when measured on the frequency of outages on its system. 

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