SPOTLIGHT ON BUCKS

The Spotlight Is On Us!

BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION has moved to the west side of Court Street after 28 years residing at 2 East Court Street, Doylestown. BCEDC is now located at 115 West Court Street. 

BCEDC was facing some challenges in the old location, one of which was the lack of parking spaces for visitors. Another challenge was that the building was under-utilized, as it had too much space for our needs. The building had two floors of office space and there was no elevator for access to the second floor.

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NOTEWORTHY NEWS

BCEDC’s Annual Dinner at The Fuge

BCEDC’s 59th Annual Dinner and Reorganization Meeting was held on Wednesday, May 17th at The Fuge located in Warminster. Over 160
people attended the event. 

The following companies attended the event and were awarded plaques for their commitment to expand or relocate their businesses in Bucks County in 2016:

• M&S Centerless Grinding/Meron Medical, LLC for a Pennsylvania Industrial Development Authority Loan

• Serenity Management/Douglas Pharma for Business Builder Loan

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NOTEWORTHY NEWS

BCEDC Announces an Electrifying Partnership with the LLB Group and The Energy Market Exchange (EMEX)

BCEDC offers you a no cost, no obligation, reverse auction platform to help you secure the lowest energy rates in the market.

  • Register Online in 2 minutes or less
  • Schedule your Reverse Auction
  • Watch Energy Suppliers Compete for Your Business
  • Select a Supplier or Schedule Another Reverse Auction
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FROM THE DESK OF THE BCITC

The BCITC is a non-profit organization established in 1993 because of a collaborative effort of five Bucks County Chambers of Commerce to provide service and education to businesses of Bucks County to promote International trade. The BCITC is an organization that provides free informational and referral services, educational programs, and networking opportunities to facilitate, promote, and increase global trade.

Mission:

The mission of the Bucks County International Trade Council (BCITC) is to promote exports and international trade by educating Bucks County companies on opening or expanding business.

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THE BOTTOM LINE

Succession Planning: Is Your Company Prepared for the Future?

Far too often, companies wait to address the succession of key management until the need is staring them in the face. For instance, they may learn their CFO is retiring this year and rush to find a replacement because they hadn’t already identified a successor.

You could argue that the company should have been much more prepared because retirement is a foreseeable event. But what about the proverbial “hit by the bus” situations? While your key employees probably (and hopefully) will not get hit by a bus, there are other unforeseeable events such as death, disability, divorce, and disagreement for which your business needs to be prepared.

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FINANCIAL TOOLBOX

PIDA

Real Estate & Land

15 year amortization = 4%

7 years = 2.25% readjusted – see the second enhancement

Enhancements

The first enhancement involves increasing the lending limit for machinery and equipment loans funded from the PIDA-MELF account from $400,000 to $1,500,000. The lending increase applies to projects where PIDA is financing machinery and equipment acquisitions for eligible manufacturing, industrial, biotechnology, and computer related service enterprises. Please note that a 50% match is required and loans funded via the PIDA-MELF fund are subject to the job retention/creation requirements of one full-time job retained for every $35,000 loaned and/or one full-time job created for every $50,000 loaned.

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COMPANIES ON THE MOVE

  • Everase Corp. Expands Into The Former SunGard Recovery Services Building
  • Colliers is involved with Two Sales for Expanding Companies

Everase Corp. Expands Into The Former SunGard Recovery Services Building

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented ShaiSar LLC, a real estate investment company, in the acquisition of 184 Railroad Drive, Northampton Township Business & Technology Center, Northampton Township, Bucks County, PA from Sungard Availability Services, LP who were represented in the transaction by Justin Bell of Newmark Grubb Knight Frank.

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BCEDC BUSINESS HAPPENINGS

Cotner Trailer, Durham Township was approved to borrow $140,000 from BCEDC’s Business Builder Loan Fund (BBLF) for building renovations. Cotner Trailer is a manufacturer of custom horse trailers and has been in business since 1971. 

Their retail store in Revere, Pennsylvania supplies quality motorcycle trailers, race car trailers, enclosed trailers, landscaping trailers, equipment hauling trailers and dump trailers and they also build custom trailers.

MEMBERS’ CORNER

  • Kreischer Miller’s Manufacturing Survey Results
  • Lampire Biological Laboratories, Inc. Acquires H.B. Custom Media
  • PECO Investing $3 Million in Tree Trimming to Keep the Lights On for More Than 36,000 Customers in Bucks County
  • Carroll Engineering Corporation Announces New Shareholders
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THE LOCAL CHAMBERS’ EXCHANGE

Leadership Upper Bucks

Looking for a unique personal and professional growth experience? Hoping to advance in your career or take your business to the next level? Sign up now for Leadership Upper Bucks a journey into self-discovery, leadership and management skills development, and hands-on experience completing a company project. You will also learn how to be an effective nonprofit board member and meet public and private sector leaders. Various assessment tools will identify your behavioral styles and talents while revealing how they also affect the way they lead. Anyone, regardless of leadership position or experience, will benefit from this learning opportunity. A limited number of sponsorships and scholarships are also available.

For details: www.ubcc.org/leadership-upper-bucks.html

See more Local Chambers' Exchange on our News & Events page.