MEMBER’S CORNER
- Bucks County Bank Hires a New Commercial Loan Officer
- Occupant Wanted
- BCEDC Board Member Receives Meritorious Award
215-348-9031 | 115 WEST COURT STREET | 2ND FLOOR | DOYLESTOWN, PA 1890 |
Rates are for a limited time.
Call Jim at BCEDC 215.348.9031 or email jjp@bcedc.com.
Governor Corbett Announces Reduction of DCED Loan Program Interest Rates to Spark Business Expansion; Advance Make it in PA.
For more information: www.newpa.com/newsroom/loan-program-interest-rates-to-spark-business-expansion.
A Regular Feature to Help Your Business Improve Its Profitability
Is Business Continuity a Part of Your Plan?
Businesses today have become brutally aware of the need for backup and disaster recovery solutions to protect their data … but is a backup solution enough to protect your business?
The thought of losing data due to a disaster of any kind is daunting for business owners and IT Managers. Loss of data could mean lost emails, accounting data, patient or client files, company records, client legal records, orders, clients, or revenue, and so on.
In the last Bucks County Economic Development Corporation e-newsletter, we introduced a discussion around the problems that a small business owner faces with compressed margins due to global technology. In a summary, these barriers were:
Penn Stainless Products, a distributor of stainless steel sheet, plate, bar, structural, pipe, and tubular products in Quakertown, PA, and Lehigh University, Bethlehem, PA, have announced a joint venture.
This partnership will enable the Quakertown business and the university to work together to expand opportunities between material users and the research community. The collaboration will align the expertise of Lehigh’s Department of Materials Science and Engineering and more than 20 specialty stainless, duplex and nickel alloys provided by Penn Stainless.
On Monday, February 10, 2014, the U.S. Department of Treasury released final regulations regarding the Employer Shared Responsibility requirements of the Patient Protection and Affordable Care Act ("Affordable Care Act"). Generally, the Employer Shared Responsibility provisions of the Affordable Care Act require large employers (defined as those with 50 or more full-time employees, including Full-Time Equivalents) to provide minimum essential coverage to 95% of full-time employees and their dependents or face being assessed an Employer Shared Responsibility Payment ("Payment" or "Penalty").
SCORE celebrates 50 years of service as "Counselors to America’s Small Business". In Bucks County, our 40 counselors will continue to serve the community, fulfilling the mandate to "make a positive difference in the lives of our clients" through one-on-one counseling, seminars, workshops and roundtable discussions.
Company | Municipality | Loan Program |
Loan Amount |
Jobs Retained |
Jobs Created |
Total Project Cost |
Refrigeration Design & Services, Inc. | Falls Township | PIDA | $1,440,000 | 0 | 9 | $2,492,640 |
M P Filtri USA, Inc. | Quakertown | PIDA | $300,00 | 22 | 8 | $600,000 |
George School | Middletown Township | IDA | $34,000,000 | 189 | 5 | $34,000,000 |
Chandler Hall | Newtown Township | IDA | $29,006,000 | 247 | 88 | $29,906,000 |
Worldwide Medical Products, Inc. | Bristol Township | PIDA | $2,250,000 | 0 | 70 | $4,610.000 |
BioPlast Manufacturing LLC | Bristol Township | MELF | $750,000 | — | — | $1,518,815 |
IMET Corporation | Upper Southampton Twp. | SBFF | $123,319 | 14 | 5 | $246,437 |
OKNA Windows & Doors Manufacturer | Bristol Township | MELF | $900,000 | — | — | $1,800,000 |
A&L Foods | Bensalem Township | PIDA | $945,000 | 27 | 13 | $2,300,000 |
OKNA Windows & Doors Manufacturer | Bristol Township | PIDA | $2,250,000 | 0 | 162 | $9,750,000 |
HUYS Industries | Hilltown Township | SBFF | $165,000 | 15 | 6 | $480,000 |
IDA - Industrial Development Authority MELF - Machinery Equipment Loan Fund |
PIDA - Pennsylvania Industrial Development Authority SBFF - Small Business First Fund |