News You Can Use

Information on Governor's Order Recent Order Pertaining to Life-Sustaining Businesses.  Businesses are encouraged to direct any general questions they may have about their business and this order, by emailing ra-dcedcs@pa.gov The Administration has set up a waiver process. If you have a company that believes they should be considered a life-sustaining-business and would like to apply for a waiver, please send an email to one of the following: ra-dcedcs@pa.gov – resource account to send questions about whether businesses need to close RA-dcexemption@pa.gov – resource account if businesses want to apply for a waiver and want information on the process Also, there is additional information and & resources on the PA DCED website at www...

Bucks County Business Owners: Pennsylvania's disaster declaration has been approved by SBA and our small businesses and private non-profits are able to apply for an SBA Economic Injury Disaster Loan (EIDL) online at https://disasterloan.sba.gov/ela. Businesses should be prepared with the documentation needed to apply. For example, they will be asked for federal business and personal tax returns, and historical and projected revenue. All businesses are able to review the SBA Disaster Business Loan Application paper forms and requirements at https://disasterloan.sba.gov/ela/Information/PaperForms. A complete and thorough application will be eligible for funding (an incomplete application will delay the process.) The most up-to-date website on...

Economic Development Impact Survey  The Southeast Region is conducting a Business Impact Study to determine how your business is affected during the COVID 19 situation. 

Manning-MFG, LLC, through the Bucks County Economic Development Corporation (BCEDC), was approved for a $640,000 PIDA loan at a 3 percent fixed interest rate for 10 years for the acquisition of an existing 28,060 sq. ft. multi-occupancy building in Bristol Township. The facility is currently fully occupied with four longstanding tenants who will continue their agreement with Manning-MFG, LLC. The total project cost is $1.6 million.

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 will provide the affordable capital needed to bolster expansion projects and job creation, without the burden of exorbitant interest rates." PIDA approved $52.9 million in low-interest loans last year, and so far, this year has app...

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; other options available. Equipment-3% fixed full term of loan Loan rates are valid for application submitted until 3/31/2020. Conact BCEDC, 215.348.9031 for information on how we may assist you to move your business i...

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 middle of the road classes, my wife and I got to experience a wide range of what Pennridge has to offer kids with all different interest and ability levels. I have no other intention but to serve the district in providing the...

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 for cash flow savings.  To learn more about how the low interest rates can assist your business goals, Contact BCEDC, 215.348.9031

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 up to 15 years. PIDA LOANS-Real Estate-3.00%, Equipment-3.00% 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 ba...

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 more about BCEDC's presentation to Accounting firms or PBGW accounting services 215. 997.6700.

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 Economic Development Corporation, Bucks County International Trade Council which founded. Harry loved spending time with this wife, children and grandchildren. He collected corvettes, sailed, fished and loved to watercolor and...

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 winners in six other categories will be celebrated at an awards gala on Monday, July 29, co-located with SEPA's Grid Evolution Summit in Washington, D.C. "The utility industry is undergoing a period of transition and change. As...

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 students from schools in Bucks, Montgomery, and Philadelphia counties the opportunity to learn about local manufacturers by visiting them to produce a documentary video that they can then present to students across the region in a...