​The spread of the COVID-19 virus continues to present new challenges for our communities, businesses, and Pennsylvania's economy. Governor Wolf has taken action to protect the public and businesses in order to slow the spread of the virus. On March 19, Gov. Wolf issued an order to close all non-life sustaining businesses. The complete list of non-life sustaining businesses is found on our website along with frequently asked questions for all life-sustaining businesses. Businesses that were ordered to close under this order and believe that they could help mitigate the COVID-19 crisis or provide essential services, have until Friday, April 3, 2020 at 5PM to apply for a Business Exemption Waiver. After that time...

We received additional clarification from the Department of Community and Economic Development (DCED) regarding businesses who are waiting for their waivers to be approved. If your business has submitted a waiver and has not received a response, please DO NOT resubmit a waiver. DCED is working quickly to process 25,000 waivers at this time and will respond to your waiver as soon as possible. Please see this link for a revised FAQ listing on submissions. If your business receives conflicting information from DCED on whether or not your business is essential, please contact my office at 215-541-2388. Those businesses requesting clarification on whether they are defined as life-sustaining should check this list, email the Department of Communi...

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