Meet the New DVIRC

Exciting times are ahead at DVIRC as we propel into a new era, driven by our ambitious Manufacturing Moonshot. Our goal? To transform Southeastern Pennsylvania into a globally recognized hub for technology and innovation in advanced manufacturing.

Staying in Business While Changing Locations

There are many reasons to move your company, whether it's shifting markets, family obligations, or even finding one's dream home. Whatever the cause, relocating your company in a gradual and organized manner will allow the business to remain operational throughout the process. The Bucks County Economic Development Corporation shares a few pointers below.

Grants and Tax Credits for Bucks County Companies

Your company may be eligible for financial incentives from the State of Pennsylvania. These benefits include sellable tax credits from programs such as the KIZ which provides up to $100,000 annually to companies that are 8 years and under, creating innovative products or processes, located in a KIZ and generating increasing revenues.

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 10-year treasury yield + 100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 5.25% for the life of the loan. 
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Roddy Inc. Represents TWA Holdings LLC in the Acquisition of 965 Thomas Drive, Warminster Industrial Park, Warminster, Bucks County, PA

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, represented TWA Holdings LLC in the acquisition of a 40,649 square foot modern one (1) story warehouse facility situated on 6.41 acres located at 965 Thomas Drive in Warminster, PA.

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 The Flynn Co. and Roddy, Inc.

Cosjay Properties and VR Enterprises Loans Approved

Cosjay Properties, LLC, was approved to borrow $1,900,000 from PIDA to build a new 20,000 sq. ft. spec property located in on Kelly Road in Richland Township. This developer is an experienced investor with multiple additional properties in Bucks County. Total construction costs are projected at between $3,300,000 - $3,500,000.

Compass Sign 

Compass Sign was launched in 1998 by Owner, Philip Doerle, and has been dedicated to providing quality service and turnkey solutions for custom sign manufacturing nation-wide. We provide signage for a variety of industries to include healthcare, financial, academic, retail, sports, entertainment, industrial and property management. 

Chris McDermott Joins Meridian Bank as SVP, Commercial Lending

Meridian Bank announced the appointment of Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. He’ll join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties.