SPOTLIGHT ON BUCKS | IMET & TJM MERGE

Two Past BCEDC Loan Recipients: IMET Electronics and TJM Electronics Associates Merge

IMET Electronics Corporation merged with TJM Electronics Associates. Both IMET and TJM were acquired by the Logue Family Holding’s Inc. in 2019 and now are together under the TJM Electronics brand to further strengthen its position in the electronics industry.

IMET and TJM have joined forces to provide custom electronics manufacturing to better serve our customers. The combination of TJM’s reputable status as a Preferred Supplier List member for defense contractors and IMET’s strong focus in contract manufacturing and product development for industrial manufacturing gives us the opportunity to expand our capabilities across a multitude of markets creating an even greater value to our customers.

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BCEDC BUSINESS HAPPENINGS | A&F MACHINERY

A&F Machinery Approved by PIDA

A&F Machinery has been approved by PIDA and BCEDC to borrow funds to purchase a 17,240 square foot building in Warminster. A&F Machinery custom designs and fabricates equipment for the paper mill finishing and converting industry. The loans will assist the company in growing and expanding their already successful business. They will be creating three jobs and retaining five.

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NOTEWORTHY NEWS | PPL

PPL – Marking a Century of Service

PPL celebrates its 100th anniversary this year, marking a century of service that helped nurture the experiences, growth and progress of hundreds of communities we continue to have the privilege to power across central and eastern Pennsylvania.

Pennsylvania Power & Light Co., as we were known at our founding in early June 1920, was formed from the merger of eight smaller, local power companies in eastern Pennsylvania. PP&L’s founders eyed development of a modern regional utility capable of serving as a catalyst for further economic and industrial growth.

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THE BOTTOM LINE | BUSINESS STRATEGY

What Ted Williams Can Teach Us About Business Strategy

Major League Baseball Hall of Famer Ted Williams is arguably the best hitter of all time. He finished his career with a lifetime batting average of .344, a .483 on base percentage, and 2,654 hits. He is the last player to bat above .400 for a season.

In 1971, Williams co-authored a book called the Science of Hitting in which he explained the analysis and methods he used to become a great hitter.

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THE BOTTOM LINE | IMPOSTERS

Protecting Small Business from Imposters

Opening a business requires planning, elbow grease, and probably some paperwork to register your new company with your state or local government. And that’s where some not-so-honest outfits may try to confuse you into thinking they’re from the government and that you need to pay money to complete your registration. Their mailings look like an official bill for documents to complete your registration – and may even include what looks like a government seal. To convince you it’s legit, the mailer may include your business identification number. To get you to pay, the mailer claims that you need to hurry up and pay or you could be in legal hot water.

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SAVE THE DATE

BCEDC Annual Reorganization Meeting & Dinner

Join us for a discussion with the Bucks County Commissioners to examine economic possibilities for the County. 

The Annual Dinner will take place at Spring Mill Manor in Ivyland, PA on April 30, 2020. 

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COMPANIES ON THE MOVE | RODDY, INC.

Roddy Inc. Sells 1610 Manning Boulevard, Edgely Industrial Park, Bristol Township, Bucks County, PA

Roddy Inc., the Bensalem based Industrial and Commercial Real Estate Brokerage firm sold 1610 Manning Boulevard, located in the Edgely Industrial Park, Levittown, Bristol Township, Bucks County, PA on behalf of John M. Coleman. Robert Olender and Sean Durkin arranged the $1,500,000 transaction with local investor, Manning-MFG, LLC.

The 28,342 square foot one story facility is fully leased and is demised into four units. The building is fully heated and offers ceiling heights of 16’10” sloping to 15’7 clear under bar joist, two tailgate loading docks and five drive-in doors. The property offers immediate access to the Delaware Valley Interchange (358) of the Pennsylvania Turnpike (I-276) and is within five minutes of the Bristol (Route 413) exit of Interstate 95. Driving time to Center City, Philadelphia is thirty-five minutes, Trenton, New Jersey is fifteen minutes and New York City is ninety minutes.

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MEMBERS’ CORNER | RYAN SCHUCK

BCEDC New Member, Ryan Schuck

Ryan Schuck joined Harleysville Bank in 2019 as Vice President, Commercial Lending. He spent nearly 20 years at a large East Coast bank in various retail and commercial bank roles, most recently serving the Lehigh Valley market for more than seven years. 

While in the Lehigh Valley Ryan worked with various community and economic development-based organizations. He looks to continue this focus in his new role at Harleysville Bank in Bucks and Montgomery Counties. 

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MEMBERS’ CORNER | NAI MERTZ

NAI Mertz’s Bucks County Office Moves to New Location in Feasterville-Trevose, PA

Jeff Licht, SIOR, Senior Vice President, Will Lead Team of CRE Professionals.

NAI Mertz, a leading full-service commercial real estate firm conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, announced it has relocated its southeastern Pennsylvania office from Southampton to 210 E. Street Road in Feasterville-Trevose. Jeff Licht, SIOR, senior vice president, and 25-year veteran with NAI Mertz will lead the new Bucks County office.

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MEMBERS’ CORNER | JACKIE FAHEY

BCEDC Board Member, Jackie Fahey, Appointed Senior Vice President Market Leader Bucks County, Centric Bank

Centric Financial Corporation, (OTC: CFCX), the parent company of Centric Bank, has announced that Jacqueline (Jackie) M. Fahey has been appointed Senior Vice President, Market Leader Bucks County. Fahey will be responsible for growing the bank’s lending and deposit relationships, as well as gaining a greater penetration in this key strategic market for Centric Bank. A Bucks County native, Fahey is a passionate community champion with a proven track record of success in commercial lending, specifically commercial and industrial, commercial real estate, and small business lending.

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FINANCIAL TOOLBOX | LOAN RATES

New Loan Rates for the First Quarter of 2020

PIDA: 3% fixed for full term of loan; other options available.

Equipment: 3% fixed full term of loan

The loan rates are valid for application submitted until March 31st, 2020.

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