New Report Discusses Importance of Community Banks, Highlights Declining Presence Across the Region

The Great Consolidation: Community Banking Decline in Greater Philadelphia provides a detailed regional analysis and offers strategies that can be employed to offset the negative effects of the Great Consolidation. Community banks are assets to the communities they serve and vital resources for consumers and small businesses throughout the country, as well as across Greater Philadelphia. They play important roles in commercial real estate and mortgage lending.

SCORE Mentor Launches Small Business Resource Guide Tailored to Vets

Finding a job in a struggling economy can be challenging for individuals in various industries. Add in a return from military service and little or no transferable career skills and the challenge can be insurmountable.

PPL Electric Utilities Prepared for Higher-than-Usual Hurricane Activity

With weather scientists forecasting above-average hurricane activity across the Atlantic region this year, PPL Electric Utilities continues to be on high alert and prepared for any severe weather that may affect its 29-county service territory during storm season, which typically occurs between June 1 and Nov. 1.

Bristol’s Action Manufacturing to Received the Regional Small Business Contracting Award from the SBA

On Tuesday, June 25, Regional Administrator John Fleming, head of the U.S. Small Business Administration (SBA)‘s Mid-Atlantic Region and SBA Eastern Pennsylvania District Director Steve Dixel presented the federal agency’s Regional Prime Contractor of the Year Award to Action Manufacturing president and CEO Sean Gibbs during a brief ceremony at the company’s headquarters in Bristol, PA., honoring Action Manufacturing’s role in growing our economy, creating and sustaining jobs in the community, and supporting our national defense through federal contracting.

5 Ways Gen Z Can Be a Secret Weapon for Family Businesses

Just when we got comfortable with Millennials in the workforce, a new generation – Gen Z or Zoomers – has emerged. According to the Pew Research Center, Gen Z was born between 1996 and 2011. And like all new generations entering the workforce, Gen Z brings new styles, idiosyncrasies, and preferences we need to learn to navigate. 

While it’s natural and normal to find yourself thinking “kids these days…” or “when I was their age…” I have some exciting news for family businesses, and dare I say, all of corporate America. If you play your cards right, Gen Z can be your secret weapon to success. 

For Traditional PIDA 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-yr. 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 5.25% for the life of the loan. 
2. Fixed interest rate for a seven-year period set at the ten-year treasury yield. After seven years, the rate will reset to the then-current ten-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current ten-year treasury yield, the rate for the initial seven-year period is 4.25%.

Bucks County Information on Leases or Renewals

Bucks County information on leases or renewals for the last three months submitted by BCEDC Real Estate Members, Colliers and The Flynn Company.

The Flynn Company Sees Steady Progress on Quakertown Redevelopment Project

Project renovations are complete at 701 S. West End Blvd in Quakertown. This three-building complex, formerly Richland Plaza, was purchased in July 2023 by Velocity Venture Partners, with a vision to repurpose the declining 200,000 SF retail mall to accommodate industrial, flex, and lab requirements. The Landlord Improvement Package included interior demolition work of the former department store and grocery store.

Gabriel Montemuro, Selected to Pennsylvania Bar Association’s Leadership Institute

Antheil Maslow & MacMinn, LLP, (AMM Law) is proud to announce that Gabriel T. Montemuro has been selected to the Pennsylvania Bar Association’s Leadership Institute Class of 2024-25. According to the Pennsylvania Bar Association’s website, “The criteria for application is a demonstration of leadership ability in some capacity, a willingness to make the time commitment to the ten-month program and age 40 years or younger or have practiced five years or less.”