JANUARY 2021

SPOTLIGHT ON BUCKS

TJM Electronics

TJM Electronics: Founded in Bucks County, Built on Innovation

History of TJM Electronics

Founded in 1991 by Thomas J. McCarthy, TJM was the first private company in its area with both auto P&P and Mil 2000a quality spec. Listed as Philly's Top 100 for three consecutive years and 5 consecutive years for Deliotte & Touche, TJM won several awards making them a recognized and preferred supplier. By 2000, TJM grew to a $16M business, specializing in electronic manufacturing and design for the aerospace & defense industries. Acquired by the Logue Family Holdings, Inc. in 2019, TJM Associates merged with IMET Electronics Corporation, and is now operating under TJM Electronics.

Electronics Manufacturing Services and Capabilities

With close to 30 years of experience under our belt, from Printed Circuit Board assembly to cable assembly and box-builds, we have the expertise and resources to manufacture high quality PCB's and deliver award-winning products to market. Our electronics specialists will work with you to make sure your designs are complete, BOMS are clear, and file formats are consistent to ensure a quicker turnaround and accurate quoting for your project.

Read more ...

NEWS & NOTEWORTHY

TMA Bucks Telecommuting Guide that is Helping Businesses

TMA Bucks Telecommuting Guidebook 1The Coronavirus pandemic has forced businesses and companies to go beyond simply evaluating the idea of employees working from home and finally implement it.

TMA Bucks has championed the positives of telecommuting for years in an effort to ease congestion on busy Bucks County roads and improve air quality through reduced vehicle emissions. To us, telecommuting has always been a winner.

Read more ...

NEWS & NOTEWORTHY

Find Useful Bucks County Resources 

bucks ppeTo find current and important information on everything from where local businesses can obtain Personal Protective Equipment (PPE) to up-to-date information on the Paycheck Protection Program (PPP), visit the Bucks County Economic Resources Portal, covid19-bucksgis.hub.arcgis.com/pages/bucks-covid-19-economic-resources

For informatoin on the Covid 19 Vaccine information for individuals and businesses, visit the Bucks County Coronavirus Vaccine Information hub: https://covid19-vaccine-bucksgis.hub.arcgis.com.

Read more ...

BUSINESS HAPPENINGS

Martelli Ivyland

Martelli Realty, LLC was approved for a 10-year, $522,000 loan at a 1.75 percent fixed rate to acquire a 15,128-square-foot industrial building situated on two acres in Ivyland. The building, adjacent to the company’s current facility, will allow for the expansion of The Martelli Companies, a group of related entities, into both facilities. The Martelli Companies are an equipment moving and transportation provider. Doyle Machine Tool, Inc., a Martelli Company, is expected to occupy approximately 75 percent of the space with the remaining 25 percent occupied by other various Martelli Companies due to its proximity to their current facility and the shared resources of the companies. Given this unique relationship between companies, all entities of The Martelli Companies will commit to retaining their current 40 full-time employees over three years.

Read more ...

FINANCIAL TOOLBOX

SBA Lending Relief for Small Business

New SBA Logo Final VersionAs the cliché goes, “the devil is in the details”.

But when those details are buried in a 5,593 page “kitchen sink” bill – combining relief for individuals, help for businesses, and routine government spending – it helps to have a guide.

Read more ...

FINANCIAL TOOLBOX

Why Measuring Business Performance is More Critical Than Ever

financial report

By Richard Snyder, CPA, CGMA

The impact of COVID-19 has been felt by companies for more than nine months now, and another wave of the virus is currently hitting the United States. It is anticipated that even more restrictions on individuals and businesses will be forthcoming in the next couple of weeks in order to try to reduce the record level of cases impacting our country.

Read more ...

FINANCIAL TOOLBOX

BCEDC Member, Greenbriar Capital, helps with Second Round of PPP loans

greenbriar

As Congress has approved a second round of PPP loans with a maximum new loan amount of $2 million, Greenbriar Capital is an approved agent for various lenders to package second round PPP loans. At NO COST to the borrower, Greenbriar Capital will consult with business owners to package their PPP loan for lender approval.

Eligibility: In order to receive a PPP loan under this section, an eligible entity must:

Read more ...

COMPANIES ON THE MOVE

NAI Mertz Completes Sale of 19.55-Acre Land Parcel in Bucks County, PA

Rendering 85BenFairlessDrive

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, is pleased to announce the sale of 19.55 acres situated within the Keystone Industrial Port Complex in Morrisville, PA. NAI Mertz represented Hiossen in the sale of this parcel and was the sole brokerage firm involved in the transaction to J.G. Petrucci Company.

Read more ...

COMPANIES ON THE MOVE

Berkshire Hathaway Fox & Roach announces the sale of 95 W. Court Street in Doylestown.

Doylestown Court StreetThis was a mixed use building with an office totaling approximately 7,750 square feet, a detached carriage house with a one bedroom and three bedroom apartment plus detached garage. The building was fully occupied at the time of sale and sold for $2,350,000.00. The Steve Darlington Team acted as listing and selling Broker. The buyer used a 1031 for the purchase.

Read more ...

COMPANIES ON THE MOVE

Bucks County information on leases or renewals for the last 3 months submitted by BCEDC Real Estate Members, Roddy Inc., Colliers International and The Flynn Co.

BENSALEM
Industrial
Industrial
Industrial
Industrial
Industrial Total
Office
Office Total
Grand Total
Sq. Ft.
13,250
8,000
8,850
40,400
70,500
1,468
1,468
71,968
BRISTOL
Industrial
Industrial
Industrial
Industrial Total
Office
Office Total
Grand Total
Sq. Ft.
24,000
7,130
40,600
71,730
7,130
7,130
78,860
Read more ...

THE BOTTOM LINE

Business Relationships in Times of Crisis

Thomas DonnellyThomas P. Donnelly, Esquire

Even as science promises a light at the end of the Coronavirus tunnel, the continuing impacts of the coronavirus pandemic add stress to small business operations throughout the country. For many, survival has become the name of the game both for those unfortunate enough to have become infected, but also for small business. Survive and stay afloat until a semblance of normalcy can return. As we briefly experienced locally this summer and fall, customers and clients continue to need products and services and will to an even greater degree when the pandemic is finally past.

Read more ...

MEMBERS' CORNER

Mike Kelly, KCBA Architects, BCEDC Member

Mike KellyMike Kelly is a Bucks County resident and a principal of KCBA Architects, a leading architectural firm in Pennsylvania that specializes in educational, governmental, institutional, commercial, religious, and senior living projects. Since joining KCBA in 2006, he has played a central role in shaping many of the firm’s high-profile local projects such as multiple school upgrade projects at Central Bucks and Palisades School Districts, major projects at BCCC including the new Science Center at Newtown Campus, and the new Our Lady of Guadalupe Catholic Church in Doylestown.

Read more ...

MEMBERS' CORNER

Alfredo Malamana, BCEDC Member, and the American Dream!

malamanaMy name is Alfredo Malamana, married to Rosa Malamana for 25 years. We have 4 children: 2 boys and 2 girls of the ages 24, 21,18 and 9.

I am originally from Angola. Angola is a country south west of Africa. Angola was in a civil war for 32 years run by a dictator President who was in power for over 30 years. I used to work for Chevron as a Helicopter Dispatcher. I left my wife and our 3 children in Angola and fled the country for political asylum. I arrived in the United States in 2005 with $200 in my pocket.

Read more ...

NEW MEMBERS

Catherine Van Schuyler
Well of Life Center for Natural Health

Donna Allen
Times Publishing Newspapers, Inc.

Staci Sklar
The Goddard School – Chalfont

Robert Lutz
Sycamore Restaurant Group

Mrugesh Patel
Patel Cardiovascular Consultants, LLC

Mark Bryan
Mark Bryan Designs

Read more ...

New Rates Announced for PIDA & SBA 504 Loans

PIDA
Adjustable Rate
Fixed Rate
Rate
1.00%
2.00%
SBA 504 Loan
10-Year Effective
20-Year Effective
25-Year Effective
Rate
2.26%
2.50%
2.54%

To discuss loan program contact Jim Pawlikowski, BCEDC Loan Manager, or 215.348.9031, ext 1010.