SPOTLIGHT ON BUCK BUSINESS

The Fuge – From Outer Space to Event Space

From the mid 1940’s through 1995 the US Navy operated 31 development laboratories in Warminster, PA. These labs worked on military applications of technologies that we all take for granted today; including flight data recorder or “black box” technology, GPS and photo-sensitive lenses, generating over 50 patents annually. Among the labs at the Johnsville Naval Air Development Center (NADC) was the Aviation Medical Acceleration Laboratory (AMAL) the centerpiece of which was the largest and most powerful human centrifuge that the world has ever seen.

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NOTEWORTHY NEWS

Kreischer Miller Survey:
Greater Philadelphia Manufacturers Less Optimistic About Growth in 2016
Competition & Declining Demand Cited as Most Significant Barriers to Growth

Kreischer Miller, a leading independent accounting, tax, and business advisory firm serving the Greater Philadelphia area since 1975, today announced that its Manufacturing Industry Group has released the results from its fourth annual Greater Philadelphia Manufacturing Survey. Key areas of the survey included 2016 expectations for revenue growth, capital investments, hiring, and the economy. It also examined trends in research and development (R&D),  workforce compensation and training, business improvement initiatives, key operational and production measures, and cyber security and risk management.

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NOTEWORTHY NEWS

Bucks County: A Snapshot in Time

Work is now underway on a beautiful, large format coffee table book that will focus on business and industry in Bucks County. Published by Contemporary Publishing Group, the book will take about 18 months to complete and will be available for distribution in April, 2017.

Titled Bucks County: A Snapshot in Time, the book will take the reader on a journey through 300 years of history. It will then look at the quality of life in Bucks County today, and will highlight the unique aspects of life in the upper, central and lower parts of the county.

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THE BOTTOM LINE

How To Get A Return Call

Do you ever have a problem getting a return phone call from a customer or prospect after you made a proposal to them?

An insurance friend of mine shared with me an almost foolproof method of solving that problem. His success rate is almost 100% when it comes to obtaining a return call. And, in many of those cases, he goes on to close the sale. He can’t explain why it works, but he almost always gets a return call.

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FINANCIAL TOOLBOX

PIDA Drops Interest Rates in the Second Quarter of 2016

Listed below are the updated interest rate options for the PIDA loan program. The rates will be in effect for loan applications received through June 30, 2016.

For Real estate loans financing eligible land and building costs, borrowers will have the following two interest rate options:

1) Fixed interest rate for the full term of the loan (up to a fifteen year period). This option is calculated using the ten-year treasury yield +150 basis points. Based on the current ten-year treasury yield, the fixed rate option is 3.25% for the life of the loan.

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BCEDC BUSINESS HAPPENINGS

Advance Lubricants Specialties was approved to borrow $2,000,000 from PIDA. The loan will be used to purchase a building in an Enterprise Zone in Bensalem. The project will retain 62 jobs with a total project cost over $7,000,000. Advanced Lubricants Specialties is a premium blender of automotive, heavy-duty diesel, industrial, commercial, metalworking, electrical insulating, and process oils.

STRATEGIC EARLY WARNING NETWORK

SEWN Can Help You with Your Cash Flow Issues

Often, wisdom comes in small doses. For example, business success boils down to a simple strategy of always make a good product and always keep cash on hand. While easy in the telling, difficult in the application. Digital technology has made it easier but significantly more costly to make a good product. The same technology has made it easier to tap credit sources but hides the actual flow of cash. This lack of visibility can create a crisis before you know where the problem came from.

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COMPANIES ON THE MOVE

Premier Horticulture, Inc. Relocates

Premier Horticulture Inc. has leased 2,610 square feet of office space at 200 Kelly Road in Richland Township. The lease term is five years and the tenant commenced occupancy in January 2016. Premier Horticulture provides commercial growers and consumers with cutting edge, value-added growing media products.

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THE LOCAL CHAMBERS’ EXCHANGE

  • Upper Bucks Chamber of Commerce: Meet with Lehigh University SBDC at the UBCC
  • Lower Bucks County Chamber of Commerce: Amy M. B. McKenna Named as New President
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MEMBERS’ CORNER

  • TMA Bucks Launched a Redesigned Website (tmabucks.com) in Early 2016
  • Do You Have Something You Need Moved?
  • CoStar Group Announces the 2015 Power Broker Award Winners
  • New Member: Green Source, USA, Inc.
  • New Member: Allied Financial Corporation of Delaware Valley 
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