SPOTLIGHT ON BUCKS

Still Doing It The Right Way 

That was then (2012)

My Dad wore hats. Real hats. The kind you only see in old pictures or movies these days. He had a lot of hats. His favorites were Stetson fedoras, handcrafted in Philadelphia.

Before he left the house each day, he’d carefully choose one from the rack and don it. The hat always seemed to fit his mood—or the occasion—perfectly. My Dad’s gone now. But my mind somehow keeps coming back to those hats. People don’t really wear hats much anymore, I suppose. It’s become an affectation or a fashion statement. But in those days, it was something more. A symbol of optimism. That we cared about quality, polish and finish. A subtle, personal signature. From an era when taking the time to do it the right way mattered.

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FROM THE DESK OF THE BCITC

Recent Events:

The BCITC Advisory Team comprised of international business professionals recently conducted a Case Study with Scott Milne, CEO of National Energy Technologies. The company provides conservation consulting services and expertise in utility reduction through retrofit technologies designed to yield rapid ROI’s. The Advisory Team provided recommendations and advice to help National Energy Technologies expand global sales opportunities. 

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NOTEWORTHY NEWS

The Gig Economy and Collaborative Space

What are the implications for office buildings?

We’re using less office space than we used to. Sure, the total amount of occupied office space continues to rise, but that’s not saying much for a country in which the population and labor force continue to grow as well, and a large share of work is white-collar—the type of work traditionally suited for office buildings. Yet increasingly, jobs are not situated in offices, and when they are, firms are providing less space per worker. 

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NOTEWORTHY NEWS

The Evolution from Legacy Copper to Fiber-optics

The transition from legacy copper phone lines to fiber-optics it taking place all over the country within the telecom industry and it is something you need to be aware of. Many companies are starting to notice it evolving faster than anticipated. There are two main reasons why, which I will explain in the paragraphs below.

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THE BOTTOM LINE

What if...

…. you were told that you could sell some of your company to your employees for fair market value and enjoy the fruits of your hard work now?

What if the employees paid nothing for their shares, but now had real retirement funds?

And what if the company became more productive and was exempt from Federal and State tax on profits? 

Crazy? No…It’s called an ESOP.

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FINANCIAL TOOLBOX

  • Updated Interest Rate Options for the PIDA Loan Program
  • Business Builder Loan Fund (BBLF)
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COMPANIES ON THE MOVE

  • Nappen & Associates
  • Liebert & Co., Inc.
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BCEDC BUSINESS HAPPENINGS

Sherwood Steel Inc. received PIDA approval to borrow $340,000 to purchase a 61,330 square foot building in Bensalem. Established in 1997 Sherwood Steel is a family owned and operated business that sells galvanized sheet metal and accessories. The new building purchase will allow for larger project because inventory will be readily available. Two new employees will be hired as a result of the loaned funds.

PIDA approval was granted for Finish Tech Corp. to borrow $400,000. The funds will be used to purchase a 19,980 square foot building in Ivyland. The larger building will give the company the ability to increase manufacturing and warehouse space. Finish Tech was founded in 1990 and is privately owned USA manufacturer and supplier of overlay films and laminates for the finishing of wood, plastics and metal products. The company will retain forty employees with the new building purchase.

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Bankers – BCEDC wants to Expose you…

Advertise on the BCEDC Private Lender’s page! The Private Lenders page is one of the most frequently visited sections of our website. This investment opportunity is only available for BCEDC members. 

We will continue to invest in growing our site traffic which in turn will drive more traffic to you. Your Company’s logo will be listed on the main page of the Private Lender’s page and will be linked to an attached page that provides a brief description of your Company services and members’ contact information. Your logo will also be listed on our Partners’ page as well.  

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MEMBERS’ CORNER

  • Ambler Savings Bank Sponsors Ambler Symphony Season
  • Doylestown Branch of Bucks County Bank hires a New Manager
  • A&A Machinery Moving, Inc. Launches New Website
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THE LOCAL CHAMBERS’ EXCHANGE

  • The Upper Bucks Chamber of Commerce is pleased to announce its Officers and Board of Directors for 2017
  • It’s not just another Chamber Expo!
  • Greater Buxmont Chamber of Commerce
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