361 Jobs Created, 514 Jobs Retained in 8 Municipalities Using 5 Loan Programs, Lending 73 Million Dollars. Working with BCEDC ... Priceless

Company  Municipality Loan 
 Program 
Loan 
Amount
Jobs 
 Retained 
Jobs 
 Created 
Total 
 Project Cost 
Refrigeration Design & Services, Inc. Falls Township PIDA $1,440,000  0 9 $2,492,640 
M P Filtri USA, Inc. Quakertown PIDA $300,00  22 8 $600,000 
George School Middletown Township IDA $34,000,000  189 5 $34,000,000 
Chandler Hall Newtown Township IDA $29,006,000  247 88 $29,906,000
Worldwide Medical Products, Inc. Bristol Township PIDA $2,250,000  0 70 $4,610.000 
BioPlast Manufacturing LLC Bristol Township MELF $750,000  $1,518,815 
IMET Corporation Upper Southampton Twp.  SBFF $123,319  14 5 $246,437 
OKNA Windows & Doors Manufacturer Bristol Township MELF $900,000  $1,800,000 
A&L Foods Bensalem Township PIDA $945,000  27 13 $2,300,000 
OKNA Windows & Doors Manufacturer  Bristol Township PIDA $2,250,000  0 162 $9,750,000 
HUYS Industries Hilltown Township SBFF $165,000  15 6 $480,000 
IDA - Industrial Development Authority 
MELF - Machinery Equipment Loan Fund  
 
PIDA - Pennsylvania Industrial Development Authority
SBFF - Small Business First Fund

Score is Celebrating 50 Years

SCORE celebrates 50 years of service as "Counselors to America’s Small Business". In Bucks County, our 40 counselors will continue to serve the community, fulfilling the mandate to "make a positive difference in the lives of our clients" through one-on-one counseling, seminars, workshops and roundtable discussions.

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Parts of the Affordable Care Act Delayed Until 2016

On Monday, February 10, 2014, the U.S. Department of Treasury released final regulations regarding the Employer Shared Responsibility requirements of the Patient Protection and Affordable Care Act ("Affordable Care Act"). Generally, the Employer Shared Responsibility provisions of the Affordable Care Act require large employers (defined as those with 50 or more full-time employees, including Full-Time Equivalents) to provide minimum essential coverage to 95% of full-time employees and their dependents or face being assessed an Employer Shared Responsibility Payment ("Payment" or "Penalty").

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Upper Bucks Company Teams with Lehigh University

Penn Stainless Products, a distributor of stainless steel sheet, plate, bar, structural, pipe, and tubular products in Quakertown, PA, and Lehigh University, Bethlehem, PA, have announced a joint venture.  

This partnership will enable the Quakertown business and the university to work together to expand opportunities between material users and the research community. The collaboration will align the expertise of Lehigh’s Department of Materials Science and Engineering and more than 20 specialty stainless, duplex and nickel alloys provided by Penn Stainless.

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STRATEGIC EARLY WARNING SYSTEM

Seeking Your Help

In the last Bucks County Economic Development Corporation e-newsletter, we introduced a discussion around the problems that a small business owner faces with compressed margins due to global technology. In a summary, these barriers were:

  • Today’s customers now find new suppliers through internet key word searches
  • Requests for quote are simultaneously sent to multiple potential suppliers without regard for  geographic location or previous history
  • Prototypes are generated by Cad-Cam software and 3-D printers
  • Supply chain members are integrated digitally, therefore, easily replaceable and monitored
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The BOTTOM LINE

A Regular Feature to Help Your Business Improve Its Profitability

The Unidentified Risks in Your Disaster Recovery Solution

Is Business Continuity a Part of Your Plan?

Businesses today have become brutally aware of the need for backup and disaster recovery solutions to protect their data … but is a backup solution enough to protect your business? 

The thought of losing data due to a disaster of any kind is daunting for business owners and IT Managers. Loss of data could mean lost emails, accounting data, patient or client files, company records, client legal records, orders, clients, or revenue, and so on.

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FINANCIAL TOOLBOX

PA Department of Community and Economic Development (DCED) Lowers Interest Rates

Rates are for a limited time.

Call Jim at BCEDC 215.348.9031 or email .

Governor Corbett Announces Reduction of DCED Loan Program Interest Rates to Spark Business Expansion; Advance Make it in PA.

For more information: www.newpa.com/newsroom/loan-program-interest-rates-to-spark-business-expansion.

COMPANIES ON THE MOVE

  • 16,000 Square Feet Leased at 3161 State Road, Bensalem
  • Roddy Inc. Represents 2522 State Road Associates in the Sale of 2542 State Road, Bensalem Township, Bucks County, PA
  • Nappen & Associates executed leases for its new buildings in Milford Township
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MEMBER’S CORNER

  • Bucks County Bank Hires a New Commercial Loan Officer
  • Occupant Wanted
  • BCEDC Board Member Receives Meritorious Award
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