SEPTEMBER 2023

SPOTLIGHT ON BUCKS BUSINESS

Lora Mohr Derek Mohr

Jake Mohr and Lora Mohr.

SCORE Helps 50-Year-Old Business Transition to New Ownership

Lora Mohr literally grew up in the handbell manufacturing business, Malmark, Inc., that her parents started in 1973. After having her children, she returned to working part-time at the Plumsteadville manufacturing facility in 1986.

“Before you know it, it developed into full-time,” Mohr said.

When her father, Jake Malta, died in 2010, Mohr and her sister became co-owners of the family business. As her sister contemplated retirement, Mohr began mentoring with Steve Wolfson of SCORE Bucks County to get assistance transitioning the business to sole owner.

NOTEWORTHY NEWS

BIG Changes for BCEDC Annual Event - Rescheduled 

The Annual Meeting has been rescheduled to be our first-ever breakfast event, now taking place on October 23rd.

FINANCIAL TOOLBOX

BCEDC’s Loan Programs

Business Builder Loan Fund (BBLF)

The Bucks County Economic Development Corporation Business Builder Loan Program (BBLF) was established to provide funding to small and emerging Bucks County companies. The primary goal of this loan program is the creation and preservation of employment consistent with all programs available through the Bucks County Economic Development

NOTEWORTHY NEWS

Engaging PECO Services for Business

How do businesses engage PECO regarding a new electric or gas service, relocation of service, or even how to make construction areas safe? PECO has developed a detailed package to guide you through the process to successfully connect to PECO electric or gas. 

NOTEWORTHY NEWS

Greater Philadelphia Industrial Market Overview

Greater Philadelphia Industrial Market absorption in the second quarter totaled 389,331 SF which is the lowest quarterly figure recorded since the second quarter of 2021. Absorption in the valley totaled 1.55 million square feet, bringing year-to-date absorption up to 9.3 million square feet.

NOTEWORTHY NEWS

Team PA Economic Competitiveness Survey

BCEDC has been asked by Team PA to partake in a statewide survey to develop the most impactful roadmap that will deploy a regional outreach strategy to ensure key stakeholders across the community and economic development landscape can provide their perspective and local expertise. We all have a vested interest in the overall economic competitiveness of our region and the Commonwealth.

THE BOTTOM LINE

Starting a Small Business: Fools Rush In

by Susan A. Maslow, Esquire

As a business lawyer, I am always pleased to see a new gallery, dance studio, gift shop, graphic arts or craft business bloom in previously unoccupied commercial space. I've also found myself feeling deeply disturbed, and even somewhat guilty, when I see the same "business" closing its doors. Too often, efforts to realize artistic dreams in a business turn into lingering, painful nightmares.

BCEDC BUSINESS HAPPENINGS

Four Loans Approved for Bucks County Businesses

First Look Display Group, LLC, through the Bucks County Economic Development Corporation, was approved for PIDA loan, in the amount of $375,000 to assist in the purchase and renovation of their currently leased operational space in Bensalem Township. Founded in 2018, First Look Display Group, LLC designs and manufactures metal racking systems for a variety of uses, including point of purchase displays in retail environments and as storage units in industrial environments.

COMPANIES ON THE MOVE

SVN® Arranges 23,000 Square Foot Lease in Falls Township, PA

SVN® Ahia Commercial Real Estate, the Langhorne, PA headquartered commercial real estate brokerage firm, recently announced that it represented Olymbec USA, LLC in the leasing of 23,315 square feet of professional office space at 430-450 Lincoln Hwy., Fairless Hills - a 54,064 square foot building is anchored by the Social Security Administration. Falls Township Administration and Falls Township Police Department will occupy the newly leased space while the 60,000 square foot Falls Township Municipal Complex undergoes a significant renovation.

MEMBERS CORNER

Pioneering Neuro-Inclusive Cohousing in Bucks County, PA

In Bucks County, Pennsylvania, Front Porch Cohousing is not just spearheading a movement in disability housing; it's a mission of personal significance. As residents of Bucks County and parents of an adult son with autism, we understand the profound need for inclusive housing. We are dedicating ourselves to creating environments catering to adults with intellectual and developmental disabilities (IDDs), such as autism and down syndrome.

MEMBERS CORNER

Kreischer Miller Is Thrilled to Share With You Their Newly Redesigned Website and Refreshed Visual Brand Identity!

Their new visual brand identity and website represent an evolution of our 48-year history and a bridge to their future growth. Their goal was to deliver an impactful, authentic visual message that emphasizes our reputation as energetic, bold leaders in our profession with a fierce commitment to remaining an independent, organic growth-oriented accounting firm, focused on meeting the evolving needs of their clients.

MEMBERS CORNER

SCORE Bucks County Mentors Guide Growth of 150+ New Businesses

SCORE Bucks County, a local chapter of a national nonprofit committed to providing mentoring services, helps drive new business growth.

In all, the chapter’s 80 volunteer mentors assisted in the creation of 154 new businesses, which, in turn, generated 782 total jobs in the 2022 fiscal year. SCORE Bucks – which includes all of Bucks County, as well as eastern Montgomery County, from Willow Grove to Blue Bell – provided a whopping 4,346 total chapter services last fiscal year.

MEMBERS CORNER

Introducing ACE Financial Solutions - Your Path to Financial Success

It is with great pleasure and excitement that I announce the launch of my new Financial Consulting, Advisory and Brokerage Business called Lending Ace & Ace Business Consulting!

We are thrilled to announce the launch of Asset Capital Enterprises (ACE), your go-to financial consulting and brokerage firm.

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