215-348-9031  |  115 WEST COURT STREET  |  2ND FLOOR  |  DOYLESTOWN, PA 1890


AUGUST 2019

THE BOTTOM LINE | HOME REPAIR PROGRAM

PA Tax Credits for Businesses Helping Lower-Income Homeowners with Home Repairs

We need your help to make it happen, and your business can benefit, too. Through our Home Repair Program, Habitat Bucks partners with lower-income homeowners to make home repairs or modifications that preserve their home, making it safe and adapting it to be accessible for everyone. We provide both interior and exterior repairs, as well as critical repairs such as roof replacement and major system repairs like plumbing and HVAC. Interior projects include: grab bars, electrical work, bathroom modifications, kitchen repair, railings, door repairs, flooring and lighting. Exterior repairs include railings, windows, steps, doors and porches, roof patching, gutters, walkways, and ramps. Many of our homeowners are seniors or disabled individuals who cannot afford the market cost of repairs or modifications. With Habitat Bucks, these are easy repairs and the homeowner repays an affordable amount – just a fraction of the cost. The balance is subsidized by program income and contributions. 

FINANCIAL TOOLBOX

PIDA & SBA 504 rates announced for the Third Quarter of 2019

PIDA announced that its two interest rates for the third quarter of 2019 (July 2019 to September 2019) will feature a fixed rate of 3.00% or the option to have a variable rate of 2.00% (half the term of the loan). The term for a PIDA loan is up to fifteen years for real estate, up to ten years for machinery and equipment, and one year for working capital (but can be renewed annually up to a maximum of six years). The maximum loan amounts are $2 million for real estate, $400,000 for machinery and equipment (or 50% of the total project cost, whichever is less), and $100,000 for working capital. Eligible applicants can borrow $35,000 for every full-time job retained and/or $50,000 for every full-time job created within three years of closing of the loan. Applications can be submitted through the assistance of BCEDC, Commonwealth of PA, certified economic organization, (EDO)

COMPANIES ON THE MOVE | COLLIERS

Colliers Q2 Regional Research for Industrial and Office Markets is Now Available

Colliers International released their Q2 Regional Reports for the Greater Philadelphia region covering the Industrial and Office sectors preview. Here’s what we’re seeing as we hit the halfway mark of 2019:

COMPANIES ON THE MOVE | NAPPEN & ASSOC.

Celebrating 50 Years!

Nappen & Associates announces its latest new development of a 125,000 square foot industrial/flex building. The building, now under construction, is on Milford Square Pike, Milford Township, Quakertown, Pennsylvania. The facility offers LED lighting, ESFR (early suppression fast response) sprinkler system, 16 tailgate doors with levelers, 4 drive-in doors, and 33’ clear height. This state-of-the-art facility will be minutes from the Pennsylvania Turnpike (Quakertown Interchange) & Route 309. 

MEMBERS’ CORNER

  • BCEDC Board of Director Throws Out the First Pitch
  • Bob Cormack, BCEDC Executive Director Attended Centric Bank’s Ribbon Cutting Ceremony 
  • TMA Bucks Welcomes a New Project Coordinator, Ashley Sulon to the Team
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