SPOTLIGHT ON BUCKS | BUCKS COUNTY, PA

Does Your Business Target Bucks County?

ECONOMY

The unemployment rate in Bucks County is 3.7% (U.S. average is 3.9%). Recent job growth is Positive. Bucks County jobs have increased by 0.4%. 

Compared to the rest of the country, Bucks County's cost of living is 32.0% higher than the U.S. average. 

WEATHER & CLIMATE

June, September and August are the most pleasant months in Bucks County, while January and February are the least comfortable months. 

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NOTEWORTHY NEWS | BCEDC

BCEDC Is Supporting Montgomery County Commerce Department (MCCD) with PIDA Loans for Businesses in Montco.

Are you over the border in Montco? 

BCEDC can now assist you with PIDA loans. Funds may be used for land, building and machinery and equipment!

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NOTEWORTHY NEWS | BCEDC

BCEDC Announces a New Short Term Lending Program

Bucks County Economic Development Corporation (BCEDC) has created a Short-Term Bridge Loan Program to support short-term funding needs. Manufacturers, Distributors, Service or Hospitality Industries may borrow $100K - $300K for business expansion, acquisition, restructuring or equipment purchases or leases

You tell us what matters the most to you and we’ll create customized financing solutions to meet your needs.

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THE BOTTOM LINE | WHAT IS A CONTRACT?

What is a Contract: Part 4:
Representations, Warranties, Covenants - The Bones of the Agreement

This is the fourth installment of my continuing blog series explaining the main elements of a contract, which are outlined on the infographic on page 4. My goal is to demystify some of these basic provisions to help business owners have a better general understanding of what they are signing.

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THE BOTTOM LINE | RISK MANAGEMENT

Evaluating and Managing Risk – Critical But Often Overlooked

Three Questions To Help Manage Risk and Enhance Value

One of the most important responsibilities of a leader is to evaluate and manage the risk within an organization. Unfortunately, this task is often either ignored or given minimal attention.

Everyone in an organization needs to be aware of minimizing risk, but the leader is ultimately charged with identifying risk factors, assessing their likelihood, and putting into place a plan to mitigate any impact on the business. The organization, your team members, and your family depend on you to carry out this important responsibility.

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FINANCIAL TOOLBOX | PIDA RATES

PIDA Loan Rates Drop 4th Quarter 2019

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-year period), set at the current ten-year treasury yield + 100 basis points. Based on the current ten-year treasury yield, the fixed rate option is 2.75% for the life of the loan.

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COMPANIES ON THE MOVE

Shoe Importer Relocates from New Jersey to Langhorne

RSRJ, Inc. leased 12,000 square foot in the 2100 Cabot Boulevard building for a seven-year term to commence November 1, 2019. The Flynn Company represented the owner and CBRE represented the tenant.

RSRJ imports and sells high end shoes. They are relocating from New Jersey.

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BCEDC BUSINESS HAPPENINGS

Manoff Market Cidery Approved for DBFI Loan

A woman owned business, Manoff Market Cidery, LLC has been approved to borrow $40,000 from BCEDC’s Diverse Business Fund Initiative (DBFI). The Market creates “hard” cider from their apple orchard located in New Hope. The funds will be used to purchased new equipment to produce cider. The fruit farm has been in business for over 35 years. 

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Strategic Early Warning System (SEWN)

The SVA’s Strategic Early Warning Network

In the 1980s, the decline of the steel industry stagnated Pennsylvania residents, businesses, and communities. As a response, City of Pittsburgh and various Mon-Valley area community leaders and legislators banded together to form the Steel Valley Authority as the “best response” to plant closings and reindustrialization planning. 

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MEMBERS’ CORNER | PENN COMMUNITY BANK

Penn Community Bank Opened New Branch in Doylestown Borough

Penn Community Bank officially cut the ribbon on its new location in Doylestown Borough Tuesday evening, September 17, 2019, the culmination of its summer event series “Hello Doylestown,” two months of special events to introduce the community to the bank’s newest branch. 

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MEMBERS’ CORNER | PPL

PPL Wants You to Be Prepared When a Disaster Strikes!

We can’t choose when a disaster is going to strike. But knowing what to do when an emergency happens—and having a plan ready—can make all the difference.

September was National Preparedness Month. PPL Electric Utilities recommends using these tips to develop a plan for your home so your family is ready for action in the event of an emergency.

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MEMBERS'S CORNER

  • Sustainable Energy Fund
  • Newark Knight Frank

Get Funding for Your Sustainable Energy Project

sef logo copySustainable Energy Fund wants to help finance your next energy project. We offer a range of funding programs to meet the needs of any organization including commercial loans, energy savings agreements and power purchase agreements. Find out which option works best for your business or organization on our financing page. Learn more about the Sustainable Energy Fund at thesef.org.

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