SPOTLIGHT ON BUCKS

St. Mary Medical Center in the Bucks County Community

St. Mary Medical Center in Langhorne, PA, has an almost 50-year history of delivering compassionate, high-quality care to the Bucks County community. St. Mary, a Catholic healthcare system, is a member of Trinity Health, the nation’s second largest faith-based healthcare system. 

In 1858, the city of Philadelphia was caught in the grips of a smallpox epidemic and turned to the Sisters of St. Francis for help. Although none were trained nurses, the proficient care they provided to the sick earned them a reputation for providing Christ-like charity. In 1860, Mother Francis, a leader of the order, was unable to accommodate the many sick at the convent. She secured a larger building and named it St. Mary’s Hospital. The new facility officially began the order’s journey into healthcare. 

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NOTEWORTHY NEWS

PECO Recognized as One of the Top 10 Utilities for Economic Development
Industry-leading publication highlights capital investments and job creation in southeastern PA

Site Selection magazine has named PECO to its annual list of Top 10 Utilities in Economic Development for 2017. The publication cites more than 50 business attraction and expansion projects involving new construction and renovations in PECO’s southeastern Pennsylvania service territory in 2016, which is the result of a collaborative effort of economic and business development partnerships to facilitate local growth.  

At the center of this winning strategy is PECO’s internal “rapid response” program, which provides hands-on, personalized guidance to interested parties interested in relocating their business by bringing together all utility business unit partners – from operations to capacity planning, to regulatory – very early in the process to expedite cost, engineering information and innovation to support the prospect’s decision to locate in southeastern Pennsylvania.   

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FINANCIAL TOOLBOX

  • Interest Rates for the SBA & PIDA
  • BCEDC Business Builder Loan Program
  • Secure the Lowest Electricy & Gas Rates with the BCEDC
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THE BOTTOM LINE

Choose the Growth Strategy with the Highest Chance for Success

Growing the business is usually part of any company’s plan. While strategies to grow can take many shapes and forms, there are four basic categories:

Market Penetration

Selling more of your existing products in your existing markets, thus taking share from another competitor. This is often the first strategy companies consider because they have the most familiarity with the products and the markets. This often creates direct competition for market share.

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COMPANIES ON THE MOVE

Roddy Inc. Brokers the Sale of a 233,500 Sq. Ft. Crane-Served Facility Located within Bucks County’s New Ford Mill Road Industrial Park

Morrisville, Bucks County, PA to 20 Steel Road, LLC, an entity related to PennFab, Inc., on behalf of Manhasset Bay Associates.

Frank Roddy, President of Roddy Inc., who handled the sale advised that the premier crane and rail served facility was sold to 20 Steel Road, LLC for $10,600,000.  Roddy further advised that the adjacent 14.63 acre land parcel is being offered for sale.

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BCEDC BUSINESS HAPPENINGS

Puro-tec, Ltd was approved to borrow $365,000 from DCED via the BCEDC. The money will be used to purchase an 18,051 square foot building in Bensalem. The loan will also be used for renovations. The total project cost is $1,220,000 and fourteen jobs (14) will be retained. Puro-tec property restoration is a full-service restoration contractor working from an emergency to the completion of reconstruction.

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STRATEGIC EARLY WARNING NETWORK

Are you a Ball Bearing Manufacturer or a Banker?

Statewide, financial restructuring comprises approximately 27% of the services that SEWN provides free of charge to small- to medium-sized manufacturers. Yet many of our manufacturers act as bankers rather than makers.

And this problem is not unique to Pennsylvania-based manufacturers. A recent study produced by Material Handling and Logistics (MHL) indicates that “in 2016, public companies had more than $1 trillion unnecessarily tied up in working capital.”

What is the root cause of this working capital shortage? Too often, manufacturers act as bankers. They pay their bills on time, but are loathing to encourage their customers to do the same.

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MEMBERS’ CORNER

A&A machinery has a new GM!

Locally owned A&A Machinery Moving announced that, Nick Lykon was promoted to General Manager. In this position, Nick Lykon will be responsible for all day-to-day operations of the company along with playing a pivotal role in identifying and implementing strategic growth plans.

Nick Lykon has been with A&A Machinery Moving for the past twenty-one years; most recently as Senior Project Manager. He is also the brother of A&A Machinery President and founder, Albert Lykon.

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THE LOCAL CHAMBERS’ EXCHANGE

  • Lower Bucks County Chamber Champions of Commerce
  • UBCC receives a $50,000 Tourism Grant
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