MARCH 2023

THE BOTTOM LINE

solar power

Solar For Your Business - As Lucrative as They Say??

Have you thought about solar for your business? If not, you might be missing out on an unprecedented investment opportunity. Because of the incentives in place for solar, including government subsidies and no cost 100% financing, you can acquire a solar system today with no out of pocket costs and wind up with serious money in your pocket after just one year. How much money? Hundreds of thousands of dollars. Sound too good to be true? Let’s break down an example:

FINANCIAL TOOLBOX


Last Chance for Small Business Advantage Grant Funding!

The Small Business Advantage Grant Program is still accepting applications but time is running short. Approximately $500,000 remains available for projects that help small businesses increase energy efficiency, reduce pollution, or protect our waterways.

FINANCIAL TOOLBOX


Pennsylvania’s State Small Business Credit Initiative (SSBCI)

Pennsylvania's State Small Business Credit Initiative (SSBCI) is also known as of Pennsylvania Catalyst Loan Fund. The SSBCI was established under the American Rescue Plan Act of 2021 (ARPA) in response to the economic effects of the COVID-19 pandemic to help small businesses gain access to capital.

FINANCIAL TOOLBOX


PIDA Real Estate and Machinery/Equipment Rates

3.75 - 4.75% for 10-, 15- and 20-Year Amortizations

The PIDA provides low-interest loans for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities.

THE BOTTOM LINE


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 such as KIZ, R&D and Enterprise Zone credits which can provide significant capital for your business.

Anne Fabry represents both MVM Associates and Bowers R&D, two organizations with years of experience securing state and federal benefits for many Bucks County companies and other local organizations.

SPOTLIGHT ON BUSINESS


Lampire Is Committed to Making a Positive Impact in the Communities Served

LAMPIRE Biological Laboratories is a leading provider of top-quality products and exceptional service to the scientific community. With over 45 years of experience, LAMPIRE has established itself as a trusted partner in the life sciences industry. Our dedication to quality and customer satisfaction has earned us a reputation as a reliable source for high-quality research materials backed by animal care and veterinary services.

NOTEWORTHY NEWS


PECO. New Look, Same Dedication and Commitment

As previously announced, Exelon, PECO’s parent company for more than 20 years, has separated from Constellation Energy Corp., its former power generation and competitive energy business. PECO remains a subsidiary of Exelon, the largest fully regulated utility company in the nation with more than 10 million customers.  

COMPANIES ON THE MOVE


The Flynn Company Lists Warminster Property for Lease

The Velocity Commercial Center, 101-163 County Line Road, Warminster is a 430,000 SF Multi-Tenant Campus listed for lease by the Flynn Company. It includes 42,124 SF flex industrial conversion, flexible loading options, availabe outside storage and is in within three miles to a Pennsylvania Turnpike Interchange. It also boasts an exclusive amenity center with a café, 24/7/365 fitness center, locker rooms and showers, a 32 seat meeting/training room and a 20 seat private board room.

COMPANIES ON THE MOVE


Bucks County Information on Leases or Renewals for the Last Three Months

Submitted by BCEDC Real Estate Member Colliers International

BENSALEM
Industrial
Grand Total
Sq. Ft.
30,000
30,000
BRISTOL
Industrial
Industrial
Grand Total
Sq. Ft.
4,240
7,130
11,370

NEW MEMBER


BCEDC New Member, Airmid Wellness, Shares Information on Their EAP

Airmid Wellness and Counseling Center is a local female-owned wellness and counseling center with a team of seventeen compassionate therapists along with wellness instructors, coaches, and massage therapists providing classes, workshops, and talk therapy for individuals, businesses, and organizations, available in-person, on-site, and online.

NEW MEMBER


BCEDC Member, Anand Patel Shares His Story

The name ‘Laxmi’ is the Hindu God of Wealth and Prosperity. It totally makes sense to have the GNC Acquired Franchise under this name, Laxmi Nutrition LLC. This store location has been around helping clients with their health and nutrition needs since 2000. In fact, I first came on as a part-time employee in 2005. I was very intrigued with the supplements display on the shelf. I had never seen a store dedicated to nutrition supplements.

MEMBERS' CORNER


BCEDC Member-Meridian Knows Business Because It’s Run Like a Business

Founded in 2004 by accomplished business lender Chris Annas, Meridian Bank knows business because it’s run like a business. Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative regional bank serving communities in Pennsylvania, New Jersey, Delaware, Maryland and Florida. With more than 20 offices, including banking branches and mortgage locations, the bank offers a full suite of retail and commercial financial products and services.

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