215-348-9031  |  115 West Court Street  |  Second Floor  |  Doylestown, PA 18901

SPOTLIGHT ON BUCKS BUSINESS

Hadco Metal Trading Co., LLC

Hadco Metal Trading Co., LLC offers 24 hours delivery of cut-to-size Aluminum, Stainless Steel, Magnesium, Engineering Plastic and more.

Serving industries like Aerospace, Defense, Industrial machine shops, Architectural, Construction, medical and many more, Hadco is AS9100 Certified. Our company’s goal is to provide value added to our customers: Our Service = Your Success!

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NOTEWORTHY NEWS

Dr. Leon Poeske receives the 2015 Administrator of the Year by the Pennsylvania Association for Career & Technical Education.

Dr. Poeske was nominated as an outstanding career and technical professional who is making significant contributions to career and technical education programs at Bucks County Technical High School and in the community.

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NOTEWORTHY NEWS

TMA BUCKS  keeping Bucks County informed about the Papal Visit

Information about public transportation options during the World Meeting of Families convening, September 22-25, 2015, and the weekend of the Papal visit, September 26-27 has been released.

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NOTEWORTHY NEWS

Demographics about Bucks County Businesses and Labor Force

Bucks County has a labor force of 352,177 people, with a job growth rate of -0.41% since 2014, and an unemployment rate of 4.1%.

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THE BOTTOM LINE

Recent Development 2015-3 Right of First Refusal
Be Careful About What You Are Giving

Owners often grant a Tenant a right of first refusal to purchase the property they are leasing.

One of the main concerns from the Owner’s standpoint when giving a right of first refusal is whether the offer which the party has to match is “complete”? Does the Owner have to have a fully negotiated Agreement of Sale and Purchase (and legally binding) before submitting the offer to the Tenant, i.e. party granted the right of first refusal? Will a Letter of Intent which has a price, but is subject to due diligence, conditions of financing, and negotiating terms of a definitive purchase agreement, be sufficient to trigger the right of first refusal.

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THE BOTTOM LINE

LLB Group White Paper:  8 Ways to Boost Employee Productivity and Morale with Business-grade File Sync

The rapid adoption of consumer-grade file sync services in the workplace is one of the greatest security risks for businesses today. Your employees want their critical business files with them wherever they go, including on their personal smartphones, tablets, or even home office computers.

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BUSINESS HAPPENINGS & NEW FINANCING

Shades of Green, Inc. was awarded $400,000 PIDA loan to acquire and renovate a 109,586-square-foot building in Falls Township, approximately five miles from their current location. The building will allow the company to expand its growing green recycling operation and accept more green waste, which is processed into mulch. The facility will also allow Shades of Green to accommodate more supplies, inventory and a larger staging area for heavy equipment. Total project cost is projected to $3,250,000, and will create two new jobs and retain nine existing positions.

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STRATEGIC EARLY WARNING SYSTEM

2nd Annual Manufacturer’s Forum

A rainy June morning welcomed a capacity crowd of Bucks County business people to the Keystone Industrial Port Complex for the 2nd Annual Manufacturer’s Forum event. Dan Bates, President of the event host, Lower Bucks Chamber of Commerce, warmly welcomed the attendees and introduced the themes for the event: “Your Company’s Training Culture”; “Financing Advanced Technology”; and “The Internet of Things”. Univest Bank and Trust was the primary sponsor for the event and the Manufacturing Alliance of Bucks and Montgomery Counties provided the content.

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COMPANIES ON THE MOVE

Robert Olender of Roddy Inc. Leases 4060 Blanche Road, Bensalem, Bucks County, PA

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented First Growth Properties in leasing their 22,875 square foot building at 4060 Blanche Road, Blanche Road Industrial Park, Bensalem, Bucks County, PA to Rhino Cable Services, Inc.

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FROM THE DESK OF THE BCITC

The BCEDC & BCTIC are Teaming Up

The Bucks County Economic Development Corporation (BCEDC) and the Bucks International Trade Council (BCITC) have established a new partnership. This partnership will allow both organizations to jointly market programs, have seminars, and provide clients the services of both organizations. The BCITC will use the BCEDC building as their new headquarters to promote international trade activities.

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FINANCIAL TOOLBOX

Unemployment Measures

The Fed keeps pointing at the low unemployment rate and saying that is their reason to raise rates. Have you seen the unemployment rate in June? It was reported at 5.3 %, down from 5.5% in May. Payroll jobs grew a modest +223,000, but household employment fell by -56,000, while the labor force was declining by -432,000. So job growth is negative and the labor force declines, making the unemployment rate drop.  And that is supposed to be good that rates have to rise?

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THE LOCAL CHAMBERS' EXCHANGE

What is Leadership Upper Bucks?

Leadership Upper Bucks was designed by the Young Professionals Networking Group in the Upper Bucks Chamber of Commerce. The goal is to inspire emerging leaders and develop their potential for community leadership by acquainting them with the issues, opportunities, strengths and challenges within the Quakertown area. Since our inaugural class of 2011, a total of 26 persons have participated in the program thanks to the support of the YP’s and sponsorship from local businesses and organizations.

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THE LOCAL CHAMBERS' EXCHANGE

Making a Difference Where We Work, Live and Learn

Throughout Bucks County and its surrounding area, businesses and individuals are making a difference. The Lower Bucks County Chamber of Commerce will be recognizing these exceptional people and businesses at our 2nd Annual awards reception, Champions of Commerce: Making a Difference Where We Work, Live and Learn.

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MEMBER'S CORNER

  • New Name, New Logo, but Same Approach – Milestone is now Covenant Bank
  • Stark & Stark: You Don’t Need More Lawyers – You Need the Right Lawyers
  • FLB hires a Corporate, Business and Banking Attorney
  • 44 Business Capital LLC hires Michael Hahn
  • Bucks County Bank Future Business Leader Scholarship Awarded
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