EVENTS

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MEMBER'S CORNER

Bursich Expands Transportation Practice with Kaufman Hire

Civil Engineering and Survey firm Bursich Associates has bolstered its continually growing transportation practice with the hiring of Eric M. Kaufman, P.E. He brings more than 20 years of traffic and transportation design experience to the firm.

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NEW FINANCING APPROVED IN 2014

BCEDC BUSINESS HAPPENINGS

American Bread Company was approved to borrow $700,000 from PIDA. The company will be using the funds to purchase 34,000 square foot building in Bristol Township where they will be setting up a state of the art manufacturing facility. The total project cost is $1,725,500. Twenty jobs will be created.  The new building is located in an Enterprise Zone.

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COMPANIES ON THE MOVE

Sean Durkin of Roddy Inc. and Andrew S. McGhee of Colliers International Lease 12,700 Square Feet in Bensalem, PA

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm represented T&T Supply of PA, Inc. in the leasing of a 12,700 square foot portion of a 60,800 square foot facility located at 350-352 Dunksferry Road, Dunksferry Crossing, Bensalem, Bucks County, PA from Albert T. Chadwick, represented by Andrew McGhee of Colliers International.

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STRATEGIC EARLY WARNING SYSTEM

It’s A Management Issue

No matter if it is a speed bump or a pothole, when things go wrong in a business, it is always a management issue. Even if they didn’t cause the event, the person at the top has to take responsibility for it. It is even more complicated for a small business owner because the opportunities for enhancing your crisis management skills are endless.

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THE BOTTOM LINE

A Regular Feature to Help Your Business Improve Its Profitability

Keep the Future in Mind When Making Today’s Tax Decisions

“I want to pay as little as possible under current tax laws and I’ll worry about the future impact of this decision later!”

Sound familiar? This is a common mind-set when it comes to taxes, and it certainly is not a bad one. However, we recommend you keep at least an informal scorecard of the potential cash flow impact upon a “day of reckoning” event as a component of an effective long-term tax and wealth planning process.

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FINANCIAL TOOLBOX

Pennsylvania’s Economic Development in Fiscal Crisis for 2014 - 2015

In prior administrations; the Governor Action Team (GAT) had the ability to work with over 100 million dollars for projects expanding in the Commonwealth from existing firms and relocating companies as well as Bucks County companies were able to utilize these funds. Over the past four years that number has plummeted by 75% as a way to balance the Commonwealth’s general budget. It was viewed by the economic development community as a prudent way to assist in reducing the Commonwealth’s debt. But now as indicated in the Pennsylvania Economic Development Association (PEDA) newsletter the approved 2014 -2015 DCED budget is $204,016,000 that is a 69.25 % decrease from 2006-2007 budget numbers $663,496,000.

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NOTEWORTHY NEWS

Revival in Full Swing in Upper Bucks

By Melinda Rizzo for Inside Business

There’s a Renaissance in Upper Bucks County.

Business growth and development are booming in the area, including in downtown Quakertown and neighboring Richland and Milford townships.

An improving overall economy, an interest in available properties, lower finance interest rates and a willingness by local officials to work with new investors have fueled steady growth, area officials said.

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