Member's Corner

Good Things Happening at Fitzpatrick Lentz & Bubba, P.C.

According to the 2012 annual survey conducted by The Legal Intelligencer, Fitzpatrick Lentz & Bubba, P.C. (FLB), was the 88th largest law firm in Pennsylvania, with 28 attorneys. FLB was also listed among Pennsylvania’s best firms for hiring and retaining female attorneys: the Firm ranked 23rd in the Commonwealth for its ratio of female attorneys. The Firm’s nine female attorneys comprised 33.33% of the firm’s total number of attorneys. Statewide, the average ratio is 28.5%.

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BCEDC Business Happenings

Future Foam, Inc. has been approved to receive financing from Pennsylvania Industrial Development Authority (PIDA) to purchase two buildings in Falls Township that they currently lease. Future Foam, Inc. will create eight (8) and retain thirty-four (34) jobs. The PIDA financing is for $1,190,000 and the total project cost is $5,156,379.

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Companies on the Move

Nappen & Associates has light industrial space available - new buildings under construction in Milford Township and NAI Summt has a first class office building for sale.

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PIDA's New Interest Rate for Second Quarter

Borrowers will have the following two interest rate options for new loan applications:

  1. Fixed interest rate for the full term of the loan (up to a fifteen-year period). The applicable rate for new approvals would be calculated each quarter and set at the ten-year treasury yield +150 basis points, with a floor of 2.25%. Based on the current ten-year treasury yield, applicants would have the option of a fixed interest rate of 3.50% for the life of the loan. 
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The Financial Toolbox

Where’s The Exit?

Plan Now For The Sale Of Your Business To Maximize Its Value

If you take nothing else away after reading this Article, remember this nugget: No matter how secure you are in your business, no matter how satisfied, no matter how you expect to go on forever, you have to be constantly planning for the day you will no longer own your business. You can’t wait until the last minute to put together a successful exit strategy.

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The Bottom Line

A Regular Feature to Help Your Business Improve Its Profitability

Did You Know These Energy Facts?

  1. 30% of energy in buildings is used inefficiently or unnecessarily- basically wasted, but paid for.
  2. Lighting currently accounts for about 20% of U.S. electricity consumption.
  3. Only 10% of energy in a light bulb is used to create light. Ninety percent of a light bulb’s energy creates heat. Compact fluorescent light bulbs (CFLs), on the other hand, use about 80% less electricity than conventional bulbs and last up to 12 times as long, while LED capabilities exceed even CFLs.
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Spotlight on Bucks Business

225. A Surprising Real Estate Story

Transformation of a fading industrial site in Fairless Hills
began in 1998. Factory & office space totaling approximately 320,000 s.f. on over 100 acres languished, waiting for a developer with vision to see the value in this unique property.       

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Strategic Early Warning System (SEWN)

Saving Pennsylvania Jobs One Company At A Time

The Value of An "Outside Perspective"

Managing a business, any business, is a 24/7 proposition. There are never enough hours in the day to handle all of the demands of customers, employees and everyone else.  It is even worse when your business has been forced to reduce headcount, forcing a manager to do even more with fewer resources. With so many balls in the air, sometimes the most valuable assistance can be a knowing outside-in  perspective.

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From The Desk of BCITC

2013 Bucks County International Trade Council Membership Information 

The BCITC is actively seeking new members who are interested in participating in our events and offering their experience to assist in the future growth of the council. If you are interested in becoming a new member, or renewing a previous membership, please click here for our 2013 Membership Application: BCITC Membership Form

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Noteworthy News

Greater Philadelphia Named Among Top Metros for New
and Expanded Facilities by Site Selection Magazine

The Greater Philadelphia Region was named among the top ten metro areas for tier one new and expanded facilities in 2012 by Site Selection Magazine, which finalized its Governors Cup Award/New Plant Data numbers today.

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