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Making a Difference Where We Work, Live and Learn
Throughout Bucks County and its surrounding area, businesses and individuals are making a difference. The Lower Bucks County Chamber of Commerce will be recognizing these exceptional people and businesses at our 2nd Annual awards reception, Champions of Commerce: Making a Difference Where We Work, Live and Learn.
What is Leadership Upper Bucks?
Leadership Upper Bucks was designed by the Young Professionals Networking Group in the Upper Bucks Chamber of Commerce. The goal is to inspire emerging leaders and develop their potential for community leadership by acquainting them with the issues, opportunities, strengths and challenges within the Quakertown area. Since our inaugural class of 2011, a total of 26 persons have participated in the program thanks to the support of the YP’s and sponsorship from local businesses and organizations.
Unemployment Measures
The Fed keeps pointing at the low unemployment rate and saying that is their reason to raise rates. Have you seen the unemployment rate in June? It was reported at 5.3 %, down from 5.5% in May. Payroll jobs grew a modest +223,000, but household employment fell by -56,000, while the labor force was declining by -432,000. So job growth is negative and the labor force declines, making the unemployment rate drop. And that is supposed to be good that rates have to rise?
The BCEDC & BCTIC are Teaming Up
The Bucks County Economic Development Corporation (BCEDC) and the Bucks International Trade Council (BCITC) have established a new partnership. This partnership will allow both organizations to jointly market programs, have seminars, and provide clients the services of both organizations. The BCITC will use the BCEDC building as their new headquarters to promote international trade activities.
Robert Olender of Roddy Inc. Leases 4060 Blanche Road, Bensalem, Bucks County, PA
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented First Growth Properties in leasing their 22,875 square foot building at 4060 Blanche Road, Blanche Road Industrial Park, Bensalem, Bucks County, PA to Rhino Cable Services, Inc.
2nd Annual Manufacturer’s Forum
A rainy June morning welcomed a capacity crowd of Bucks County business people to the Keystone Industrial Port Complex for the 2nd Annual Manufacturer’s Forum event. Dan Bates, President of the event host, Lower Bucks Chamber of Commerce, warmly welcomed the attendees and introduced the themes for the event: “Your Company’s Training Culture”; “Financing Advanced Technology”; and “The Internet of Things”. Univest Bank and Trust was the primary sponsor for the event and the Manufacturing Alliance of Bucks and Montgomery Counties provided the content.
Shades of Green, Inc. was awarded $400,000 PIDA loan to acquire and renovate a 109,586-square-foot building in Falls Township, approximately five miles from their current location. The building will allow the company to expand its growing green recycling operation and accept more green waste, which is processed into mulch. The facility will also allow Shades of Green to accommodate more supplies, inventory and a larger staging area for heavy equipment. Total project cost is projected to $3,250,000, and will create two new jobs and retain nine existing positions.
LLB Group White Paper: 8 Ways to Boost Employee Productivity and Morale with Business-grade File Sync
The rapid adoption of consumer-grade file sync services in the workplace is one of the greatest security risks for businesses today. Your employees want their critical business files with them wherever they go, including on their personal smartphones, tablets, or even home office computers.
Recent Development 2015-3 Right of First Refusal
Be Careful About What You Are Giving
Owners often grant a Tenant a right of first refusal to purchase the property they are leasing.
One of the main concerns from the Owner’s standpoint when giving a right of first refusal is whether the offer which the party has to match is “complete”? Does the Owner have to have a fully negotiated Agreement of Sale and Purchase (and legally binding) before submitting the offer to the Tenant, i.e. party granted the right of first refusal? Will a Letter of Intent which has a price, but is subject to due diligence, conditions of financing, and negotiating terms of a definitive purchase agreement, be sufficient to trigger the right of first refusal.