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

Customers Bank presented a Tax Exempt Financing Workshop

Customers Bank and BCEDC presented a Tax Exempt Financing workshop to manufacturers, bankers and real estate brokers on June 4, 2013 held at Sweet Spot Restaurant in Doylestown. Sam Macrina, Senior Vice President, Tax Exempt Lending for Manufacturing, presented the workshop. 

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BCEDC Holds its 55th Annual Dinner and Reorganization Meeting

Gearing Up for Future was the theme for the 55th Annual Dinner and Reorganization Meeting held on April 24, 2013 at the Spring Mill Manor, Ivyland. The event began with networking, cocktails and hors d’oeuvres. Hors d’oeuvres where sponsored by Fulton Bank-Premier Division for the second year in a row. The meeting was attended by over 200 people.

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2012 Annual Report to Membership from the Outgoing President

Transcribed from BCEDC Annual Meeting and Reorganization Dinner held on April 24, 2013.

It’s been an exciting year for economic development direction in Bucks County. We began dialoguing with the County over nine months ago about its vision for economic development and the role that our organization would play in transitioning from the existing model to a new County venture coined as Bucks to Invest.

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A Tribute to Dr. Kathleen Dominick, Immediate Past President

The BCEDC staff and I would like to thank Dr. Dominick for her support and guidance as the President of BCEDC. Her insight, leadership, stewardship, integrity, and commitment to quality have made our commitment stronger to strive for excellence in all facets of the organization; to make BCEDC the very best that it could be. Dr. Dominick’s sense of pride would push the staff from every aspect of BCEDC from marketing to strategic planning. She always stressed the need to put the client first at all costs and how to make the economic development programs work on their behalf but never compromising the organizations integrity.

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Kreischer Miller Survey Finds Greater Philadelphia Manufacturing Optimism and Planned Business Improvements Up, Hiring Down

First Regional Manufacturing Capability and Outlook Survey

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 first Regional Manufacturing Capability and Outlook Survey. Key areas of the survey included anticipated growth rates and hiring plans, production wages and worker productivity, business improvement initiatives, and supply chain and profitability improvements.

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Spotlight on Bucks

IMET of Bucks County Builds Electronics in  New Pinball Game Played by Rock Stars

Take an iconic movie from the 1930s. Add a contract manufacturer in Southampton and allow a couple of rock stars to become attached. What you get with that odd mixture could be anybody’s guess, but in this case it’s Wizard of Oz, a groundbreaking and highly anticipated new pinball game that’s shattering every preconceived notion of what these electronic amusement devices can do. 

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Strategic Early Warning System (SEWN)

Bucks County Reinvention Success

A little planning and an owner invested in making the change work are the two key ingredients for a small business reinvention success. Tony Rodgers, one such invested small business owner transformed his old business with a new image and name — Creative Mechanisms, Inc. With the help of the SEWN program, Tony received cost-free guidance with developing his reinvention plan. Applying his own passion and knowledge from years in the product prototyping industry, he implemented the basic ingredients of in-bound marketing to foster the new image reflected in his company’s new name.

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The Bottom Line

A Regular Feature to Help Your Business Improve Its Profitability

Is The Buyer of a Business Liable?

One of the primary reasons that the purchase and sale of a business is often structured as an asset purchase rather than a stock purchase is that, as a general rule, in an asset purchase the buyer is not responsible for the obligations of the seller.

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Financial Toolbox

BCEDC Awaits to Hear from DCED about Rate Changes

New Rates will be Announced on July 1

Current Interest Rates

Loan Program Interest Rate
Pennsylvania Industrial Development Authority (PIDA) 2.25
Small Business First (SBF) 1.50
Machinery & Equipment Loan Fund (MELF) 1.50
First Industries Loan (FIF) 2.75

These rates are effective until June 30, 2013

Companies on the Move

Genesis Investment Properties Purchases the Former Airgas Building in Keystone Park, Bristol, Bucks County, PA

Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented 41 Grand Avenue, L.L.C. in the sale of 128 Wharton Road, Keystone Park, Bristol Twp, Bucks County, PA to Genesis Investment Properties, LLC who were represented in the transaction by Steve Tolkach and Eustace Wolfington of Newmark Grubb Knight Frank. 

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BCEDC Business Happenings

New Financing Approved

WorldWide Medical Products, Inc. (WWMP) was approved to borrow $2,250,000 from Pennsylvania Industrial Development Authority (PIDA) to purchase a 68,000 square foot building in Bristol Township. WWMP is a technology advanced manufacturer of laboratory ware for the scientific community and academic facilities. WWMP will relocating from New Jersey and will be creating 70 jobs in PA. WWMP is part of a larger consortium of companies under Genesis Biotechnology Group (GBG).

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Member's Corner

Upper Bucks Chamber of Commerce Announces Opening of New Visitor Center

After nearly a year of renovations, the Upper Bucks Chamber of Commerce, in partnership with the Borough of Quakertown, Quakertown Historical Society and Visit Bucks County, the official tourism promotion agency of Bucks County, announces the opening of a new Visitor Center in Quakertown. 

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