August 2022

BCEDC'S 63RD ANNUAL EVENT

Event banner2022

BCEDC's 63rd Annual Event & Reorganization Meeting Takes Place on September 21, 2022

Please join us at BCEDC’s Annual Event to meet up with colleagues and friends. It's a great opportunity to network and meet others involved in economic development.

Learn how NorthPoint Development will redevelop the former U.S. Steel property in Fairless Hills to drive major economic advancement in our region creating 5,000 - 10,000 new jobs in Bucks County.

This year's event will be an indoor/outdoor event held at Northampton Valley Country Club in the Crystal Ballroom, 10 Harmony Drive, Richboro, PA.

NorthHamptonValleyOur Keynote Speaker is from NorthPoint Development.

The schedule for the Annual Meeting is as follows:

  • Cocktails, Appetizers & Networking - 5:00 PM
  • Business Meeting & Award Presentation - 6:15 PM
  • Keynote Speaker - 6:45 PM
  • Dessert, Coffee & Networking - 7:15 PM
  • Cash Bar, credit cards accepted at the bar
  • PLEASE NOTE DINNER WILL NOT BE SERVED

RSVP & Payments by September 6th • $75 per person.

register now


NOTEWORTHY NEWS

PA CareerLink® Bucks County Transitions to New Location in Trevose

This week PA CareerLink® Bucks County®PA CareerLink® Bucks County is moving into a newly renovated and more accessible one-stop career center in Trevose.

The centrally located facility is at Bucks County Technology Park on 4800 E. Street Road, Suite 50 and features improved access to public transportation, with two direct SEPTA bus stops and SEPTA’s Trevose Station nearby. I-95, the PA Turnpike and Route 1 are within one mile of the campus.

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NOTEWORTHY NEWS

Economy Overview Bucks County PA August 2022 1 copy

Economic Overview of Bucks County Presented by the Bucks County Workforce Development Board

NOTEWORTHY NEWS

Brian Cummings Joins WED as Economic Development Program Manager

Brian Cummings has spent the last decade becoming an accomplished professional in Workforce and Economic Development. He served as the director of PA CareerLink® Bucks County from 2015 to May 2022, when he accepted the role of Economic Development program manager for the County of Bucks. Under his leadership, PA CareerLink® won the Lower Bucks County Chamber of Commerce Champions Award and Best of Bucks Award for Workforce Investment.

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THE BOTTOM LINE

Results Matter, but the Process Matters More

Business is competition, and like any form of competition, it’s hard not to look at the scoreboard. However, winning teams don’t simply show up on the field, cobble together a strategy, and win. They spend, days, months, and years working on their craft. They have clearly defined strategies and ensure that they have processes in place to ensure consistent results.

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THE BOTTOM LINE

flexipsolutions lg

Free Customized Telecom Assessment & Report Available

One of the newest members of the BCEDC, FlexIP Solutions, a nationwide provider of custom managed communications solutions for businesses, is offering fellow BCEDC members a free custom telecom assessment.

Your Free Telecom Assessment Includes:

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FINANCIAL TOOLBOX

Third Quarter Interest Rates Rising- Sign of the Times

For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:

For term loans with a regular amortization;

  1. Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 4.0% for the life of the loan.
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FINANCIAL TOOLBOX

Latest SBA Loan Rates

2022 August
25 Year SBA 504 4.977
20 Year SBA 504 4.886
10 Year SBA 504 4.962

 

COMPANIES ON THE MOVE

Sean Durkin of Roddy Inc. Leases 440 Constance Drive, Warminster, PA

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, recently announced that it represented 440 Constance Drive LLC in the leasing of their 8,550 sq. ft. modern one-story building located at 440 Constance Drive, Warminster Industrial Park, Warminster, Bucks County, PA to The Philadelphia Inquirer, LLC.

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BCEDC BUSINESS HAPPENINGS

Affinity Land Services & Btec Solutions, Inc.

Affinity Land Services a woman owed business in Newtown was awarded a $150,000 loan from BCEDC’s Diverse Business Loan Fund Initiative to purchase and renovate 10, 962 square foot building. Affinity Land Services is a title insurance agency. The new purchase is a larger building to accommodate the already successful rapidly growing business. Currently the business has 13 employees. The business will relocate in the Fall 2022 to the new building in Richboro after renovations are completed.

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MEMBERS' CORNER

Meridian Bank Opens Office in South Florida

Meridian Bank (subsidiary of Meridian Corporation, NASDAQ: MRBK) is pleased to announce the opening of a new business office in Bonita Springs, Florida. This office will extend Meridian’s full suite of financial products and services to the south Florida market.

Wayne Griest, formerly CEO of Continental Bank in Philadelphia, was appointed by Meridian to lead the Florida expansion. After the sale of Continental to Bryn Mawr Trust in 2014, he moved to Bonita Springs to continue his banking career.

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