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JUNE 2019

SPOTLIGHT ON BUCKS | FARM&OVEN SNACKS

New Manufacturing Plant in Warminster, PA Makes Veggies Taste Like Cake

Farm&Oven Snacks opened a 10,000 square foot commercial Bucks County baking facility in September of 2018. This innovative addition to the snack world bakes up mini brownies and muffins that provide you with 40% of your daily vegetable requirements in each on-the-go pack with only 150-180 calories per serving. Not only do they provide 2 full servings of non-GMO veggies, but they also contain probiotics (1 billion of them!) and prebiotics.

NOTEWORTHY NEWS | BCEDC

BCEDC Holds its 61st Annual Dinner and Reorganization Meeting in April

The event was held at Spring Mill Manor, Ivyland, on April 11, 2019. Attendees gathered to get reacquainted with old colleagues, meet new ones and to hear Ryo Tashiro, Regional Economic Advisor, Federal Reserve Bank of Philadelphia speak about the current economic environment and future economic outlook for Bucks County and the surrounding area.

NOTEWORTHY NEWS

  • Past Board BCEDC Board of Director Passes Away
  • E-Awards
  • What's So Cool About Manufacturing – Bucks Wins!

Past Board BCEDC Board of Director Passes Away

Harry J. Barford, Jr. passed away peacefully on April 30th surrounded by his family after a courageous battle with cancer for six years. He was 76 years old.

NOTEWORTHY NEWS | BCEDC

BCEDC has Added Three New Directors to its Board

sullivan thChristopher Sullivan

Christopher Sullivan is a Tax Director at Kreischer Miller, a leading independent accounting firm serving the Greater Philadelphia and Lehigh Valley Regions. Chris has devoted over 20 years of his life providing accounting, tax and business advisory services to growth-oriented middle market and private companies in a variety of industries. 

Chris graduated from Holy Family University with a degree in accounting. He went on to pursue his CPA and a master’s degree in taxation from Jefferson University (formerly Philadelphia University). Chris lives in Lower Makefield with his wife, son and daughter. 

He is excited to utilize his years of experience to further the mission of the BCEDC and help companies in his hometown.


THE BOTTOM LINE | DYNAMIC ENERGY SOLUTIONS, LLC

Community Solar Coming to Pennsylvania

Dynamic Energy Solutions, LLC is a Chesterbrook, Pennsylvania-based company that develops, designs, builds, and maintains commercial, industrial, and community solar energy facilities throughout the eastern United States. Founded in 2007 and managed by a team of solar industry veterans, Dynamic Energy has constructed more than 100 megawatts of solar projects across the Northeast and Mid-Atlantic markets. With community solar legislation gaining momentum in the Commonwealth of Pennsylvania, the company is expanding its outreach to landowners and electric utility customers in PECO and PP&L utility territories. 

FINANCIAL TOOLBOX

How Effective Are Your Accounting and ERP Systems?

Technology Solutions

Well-designed accounting and ERP systems play a key role in assisting managers and business owners with better managing and growing their organizations. There have been many recent capability developments by leading middle-market accounting and ERP solution providers. These solutions enable accounting and finance to better support the organization with innovative practices such as:

FINANCIAL TOOLBOX | PIDA RATES

PIDA Interest Rates until June 30

For Real estate loans financing eligible land and building costs: 3.50% for the life of the loan.

Equipment loans: 3.50% fixed rate for the full term of the loan.

Working capital: 3.50% fixed rate for twelve month period.

Pollution prevention and energy efficiency loans: 2.00% fixed rate for the full term of the loan.

COMPANIES ON THE MOVE | RODDY, INC.

Pilot Thomas Logistics Leases 40,295 Sq. Ft. in Bensalem Township, Bucks County, PA

Roddy Inc., the Bensalem based Industrial and Commercial real estate brokerage firm, announced that it represented 1750 Woodhaven Drive Bensalem, LLC, in leasing 40,295 square feet of its 80,918 square foot modern one-story masonry and steel building, situated on 3.98 acres, located at 1750 Woodhaven Drive,Woodhaven Industrial Park, Bensalem, Bucks County, PA.

BCEDC BUSINESS HAPPENINGS

BCEDC’s Board of Director’s approved the first Diverse Business Finance Intuitive (DBFI) Loan for Affinity Land Services, Newtown, PA. Affinity Land Services has borrowed $75,000 to assist with a building purchase and renovations. The total project cost of $759,000. Affinity Land Services is a Certified Women Owned Small Business (WOSB). Learn more about the DBFI loan program.

MEMBERS’ CORNER | PROVIDENT BANK

Provident Bank Expands their Commercial Lending Team

Provident Bank recently expanded its commercial lending team in the Philadelphia Metro Market with the addition of two Relationship Mangers. Chris Smith and Brian Snyder will be responsible for growing the commercial loan portfolio in Philadelphia and the surrounding counties by offering a variety of commercial products, including lines of credit, equipment loans, and real estate mortgages to businesses and real estate investors.  In addition, they will work closely with accounting firms, law firms, intermediaries, and trade associations to source new business. 

MEMBERS’ CORNER | NAPPEN & ASSOCIATES

CONSTRUCTION IS UNDERWAY! 125,000 square foot Industrial/flex building - Minutes from the Pennsylvania Turnpike (Quakertown Interchange) & Route 309

Nappen & Associates announces its latest industrial/flex building on Milford Square Pike, Milford Township, Quakertown Pennsylvania. The facility offers LED lighting, ESFR (early suppression fast response) sprinkler system, 20 tailgate doors with levelers, four drive-in doors, and 33’6” clear height. 

MEMBERS’ CORNER | KREISCHER MILLER

Kreischer Miller Ranked Number One Mid-Size Employer for 2019 by The Philadelphia Inquirer

Kreischer Miller, a leading independent accounting, tax, and advisory firm serving the Greater Philadelphia and Lehigh Valley areas, today announced that it has been ranked as the top mid-size employer on The Philadelphia Inquirer’s Top Workplaces list for 2019. Forty-five mid-size employers were named a Top Workplace, as part of 125 companies of all sizes that were named to the list. Kreischer Miller was one of just two accounting firms to appear on the list overall.

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