The Results Are In! Kreischer Miller's 2023 Private Company Pulse Survey
Welcome to the latest edition of Kreischer Miller’s Private Company Pulse Survey™. We created this survey because we recognize how critical privately-held and family-owned companies are to the economy, job creation, and growth in our region. These companies truly represent the pulse of what is going on in our markets and we hope you enjoy learning what is on the minds of their owners and executives. The survey includes a metric we created called the Private Company Sentiment Index™.
SPOTLIGHT ON BUCKS
Bucks County Score Mentor Helps Mom Launch Her Baby Sound Machine
Samantha Myers survived parenting two colicky babies. But, by the time her second daughter, now 20 months, took her first step, Myers, of Warrington, had already placed an order for the first shipment of ByeByeCry, a baby sound machine she designed primarily for infants with colic.
While on maternity leave following her second daughter’s birth, Myers made it her mission to develop a product that could help other parents of colicky babies struggling to find peace.
THE BOTTOM LINE
Business Buyer Guide: Best VoIP Solution for Enterprises
Enterprises and large organizations need high-quality business phone services to facilitate effective internal team collaboration and external customer interactions.
For decades, traditional landlines, desk phones and on-premises PBXs were the go-to solutions for business communications, whether deployed at a single business location or dozens. Many enterprises have shifted to VoIP (Voice over Internet Protocol) systems to take advantage of their increased flexibility and scalability.
PIDA Program Rates for Second Quarter of 2023
Below are the updated 2023 second quarter interest rate options for qualifying PIDA loan applications. These rates are in effect for loan applications received through June 30, 2023.
For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:
For term loans with a regular amortization:
- Fixed interest rate for the full term of the loan (up to a 15-year period), set at the current ten-year treasury yield + 100 basis points. Based on the current ten-year treasury yield, the fixed rate option is 4.50% for the life of the loan.
PA Catalyst Fund
Pennsylvania’s State Small Business Credit Initiative (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.
- Loans will be up to 50% of total financing.
- The revolving loan funds will be matched by private loans that will create lending and investment opportunities to small businesses that need additional support and resources to expand and create jobs.
The Benefits of Neuro-Inclusive Cohousing for Individuals with Intellectual Developmental Disabilities and Other Marginalized Groups in Southeastern Pennsylvania: A Focus on Bucks County
Embracing Neurodiversity in Cohousing Communities
In recent years, there has been a growing awareness of the importance of neuro-inclusive cohousing communities for individuals with intellectual developmental disabilities (IDDs), seniors, veterans, and other marginalized groups.
BCEDC Member, Lampire Biological Laboratories and Tamamend Team Win WSCAM Award
The annual What’s So Cool About Manufacturing® (WSCAM) video contests excite students across Pennsylvania to explore cool manufacturing careers and produce profiles of companies. Each contest features an online vote for its Viewers Choice Award. The contest format also has been adopted in more than a dozen additional states.
COMPANIES ON THE MOVE
Sean Durkin of Roddy Inc. Leases 12,300 Square Feet at Keystone Business Center III, 2522 Pearl Buck Road, Bristol, Bucks County, PA.
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm represented ownership in leasing to Assa Abloy Entrance Systems US Inc., a 12,300 square foot unit within the 24,600 square foot modern one-story building located at 2522 Pearl Buck Road, Bristol, PA.
BCEDC BUSINESS HAPPENINGS
Caltech Manufacturing, Inc. has Been Approved to Borrow $800,000 from PIDA
Caltech Manufacturing, Inc. has been approved to borrow $800,000 from PIDA for a building acquisition and renovations. The property is 21,042+/-square foot, on 2.26+/-acres located in Northampton Township. At the same time, a PIDA-MELF loan for $400,000 was approved for purchasing machinery & equipment.