Noteworthy News

Corbett Administration Reduces DCED Interest Rates to Spark Economic Growth and Job Creation

To address a key recommendation of the Governor’s Manufacturing Advisory Council (GMAC) the Department of Community and Economic Development (DCED) announced that it has reduced the interest rates of five business loan programs to encourage new economic growth and job creation.

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More Noteworthy News

BCEDC Held its General Board Meeting  at Bucks County Community College

BCEDC held its General Board Meeting at Buck County Community College, Newtown Campus on December 3, 2013.  Barbara A. Miller, Vice President, Continuing Education/Workforce Development and Public Safety introduced the BCEDC Board of Directors to the Bucks County Community College’s Center for Workforce Development.

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Spotlight on Bucks Business

Eastern Autoparts Warehouse Moves Into New Langhorne Distribution Center

In July of 1989, Eastern AutoParts Warehouse opened its doors in Langhorne, PA as a local auto parts store, with just five employees. The people who were answering the phones were also delivering the parts, collecting the money and sweeping the floors! Led by owner, Steve Thorne, every employee worked hard and contributed to making the business succeed. Eight years later, with a network of three additional warehouses to support in Doylestown, Allentown and Bensalem, Eastern relocated its Langhorne hub warehouse and offices to a larger building on South Flowers Mill Road.

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The Bottom Line

Somebody, Please Stop This Ride!

A Regular Feature to Help Your Business Improve Its Profitability

Whoever said that life is like a roller coaster ride”must have owned a small manufacturing business. Lose one major customer, or even two small ones, and your accountant is screaming as you fly downward, holding your breath against hitting bottom. Land a big, new client, and your hands are in the air in anticipation of the fun ahead.

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Financial Toolbox

Loan Program

Pennsylvania Industrial Development Authority (PIDA)
Small Business First (SBF)
Machinery & Equipment Loan Fund (MELF)
First Industries Loan (FIF)
These rates are effective until March 31, 2013

Interest Rate (%)

1.50
1.50
1.50
2.75

 

Companies On The Move

Brode & Brooks brokers a deal in Perkasie and NAI Mertz brokered a Sale of 30,000 square foot in Ivyland.

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From The Desk of BCITC

2013 Bucks County International Trade Council Membership Information  

The BCITC is actively seeking new members who are interested in participating in our events and offering their experience to assist in the future growth of the council. If you are interested in becoming a new member, or renewing a previous membership, please click here for our 2013 Membership Application: BCITC 2013 Membership Form

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New Financing Approved & Business Happenings

The George School, Middletown Township, was proved to borrow 34 million dollars of tax exempt financing with the Bucks County Industrial Development Authority. The bond issue will be used for construction, acquisition, and equipping of an approximately 99,000 square foot fitness and athletics center. Five new jobs will be added.

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Member's Corner

SMS Rail Lines and CSX Assisted an Illinois Fire Company with Transporting a Donated Fire Truck to Bergen County, NJ.

Rutland-Dundee Fire Protection District (FPD), Gilbert, IL donated a fire truck to Moonachie Fire Department, Bergen County, NJ. The donated 1984 Pierce Dash Pumper fire truck will help replace several of their trucks that were damaged by Hurricane Sandy.

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Events

Bucks County Audubon Society’s Cabin Fever Fest

Cabin Fever Fest — end of winter, celebration of spring fundraising event — to be held March 23rd in conjunction with the generosity of the New Hope Winery. Festivities begin at 6:00 pm with a reception, a meet and greet with the performers which is followed by a concert. 

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