SPOTLIGHT ON BUCKS BUSINESS

Sapling Inc., Keeping Time in Bucks County

Time is a guiding mechanism; it separates past, present, future. Being on time for an appointment, completing tasks on time, trains and bus schedules, etc. everything revolves around time. What measures time, clocks.

Sapling Inc. will be keeping time in Bucks County, at their new location, 670-682 Louis Drive, Warminster where they will be relocating their headquarters later this year and where they will continue to engineer and assemble their clocks. They provide a wide range of master clocks and synchronized clock systems, which include Wireless Clocks, IP Clocks, Wired Clocks, and TalkBack Wireless Clock System. All products are back by a state-of-the-art technology and first-rate technical support.

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NOTEWORTHY NEWS

BCEDC Held its 58th Annual Dinner at the Fuge

Bucks County Economic Development Corporation held its 58th Annual Dinner and Reorganization Meeting on Wednesday, April 20 at the Fuge in Warminster. The Fuge is now an entertainment and banquet venue but once was one of the labs at the Johnsville Naval Air Development Center (NADC). It 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. The venue was unique and interesting as its history.

The dinner was attended with over 210 attendees. The keynote speaker was Jerry Guarini, Deputy Technical Director, NADC (Naval Air Development Center) which was later known as the Naval Air Warfare Center. A physicist by training, Jerry spent over 30 years at NADC. Mr. Guarani discussed the technological accomplishments at NADC through the years and how it was the lead Naval Air research laboratories in the nation. The Center’s primary responsibility was Anti-Submarine Warfare (ASW) with the most significant achievement being the design of the of an avionics system for ASW Patrol Aircarft (P3C-ANEW).

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NOTEWORTHY NEWS

BCEDC & Provident Bank presented a learning session on Making “Cents” of Business Financing on Tuesday, May 17 at The Fuge in Warminster.

The event was attended by over 35 business owners, manufacturers, bankers, attorneys and real estate brokers who learned about state and local financing, bank financing, SBA lending, tax credits and cybersecurity.

The following presenters shared their expertise

  • Bob Cormack, Executive Director, BCEDC
  • Bud Miller, Regional President, Provident Bank
  • Sonia Smith, Lender Relations Specialist, SBA
  • Paul Santambrogio, Provident SBA Relationship Manager
  • Jon Guy, President & CEO, Waltron Group
  • Mike McCann, President & Founder, MVM Associates
  • Nathan Horn-Mitchem, First Vice President & Information Security Officer, Provident Bank
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THE BOTTOM LINE

Bigger Data, Better Information

Big Data is at the very least an elusive term. What is considered big today may be not-so-big in the near future. The same principle applies to data processing in general, given the ever increasing demands on business to anticipate customer needs and respond to changes in the market place. For the purposes of this narrative, perhaps the following definition from the Wikipedia web site will suffice: a broad term for data sets so large or complex that they are difficult to process using traditional data processing applications.

Borrowing again from the Wikipedia web site, size and complexity are not the only critical aspects of Big Data. In addition to volume and variety, three other V’s are often in play: velocity, variability, and veracity. Velocity refers to the speed at which data is generated, variability to the sometimes inconsistent nature of data, and veracity, or the quality of the data. At the core of pulling all of this together is the analysis performed by those familiar with the business aspects of the data and those charged with its transition into an actionable strategy.

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FINANCIAL TOOLBOX

  • PIDA's Rages
  • May 2016 SBA 504 Rates
  • Refinance Debt with 504 Loan

PIDA's Rates

Listed below are the latest 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 15-yr. period). This option is calculated using the 10-year treasury yield +150 basis points.  Based on the current 10-year treasury yield, the fixed rate option is 3.25% for the life of the loan.

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STRATEGIC EARLY WARNING NETWORK (SEWN)

Show Me The Money

For those of a certain age who had parents of the WWII-generation, “if you can’t see it, don’t spend it,” governed how you spent your money. In the Great Depression era, a turned-out pants pocket indicated that one was broke. For those who remember the name Jerry Maguire, a larger number behind the dollar sign was desirable. In today’s digital world, it is not even possible to see the money. Yet, for  business owners, seeing how much money they have on hand each day has never been more critical. 

In a recent survey of local Bucks County business owners, the lack of visibility surrounding their cash flow was a common complaint. Even those business owners who had some type of a daily cash flash report stated that the numbers didn’t necessarily reflect the true cash status of the business. Thanks to the globalization of our economy, the chance for “garbage in and garbage out” has never been greater. Currency exchange, international letters of credit and daily currency fluctuations have serious ramifications on daily reporting. Just a simple understanding of your bank account status is affected by 12:01.01AM re-adjustments to your balance.

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COMPANIES ON THE MOVE

ISS Solutions signed a 5 year lease in Langhorne

ISS Solutions, a Geisinger Health System business, is a leading provider of customized technology lifecycle management solutions to healthcare, government, education, and commercial clients signed a five-year lease for 20,000 square foot 18’ ceiling and four tailgates space at 2250 Cabot Boulevard, Langhorne, PA 

The Landlord contributed $200,000 in improvements and three months free base rent. The Flynn Company represented Landlord and the Tenant represented by Gola Corporate Real Estate.

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BCEDC BUSINESS HAPPENINGS

The Sapling Company, Inc. will create sixteen and retain twenty-five jobs located in Warminster Township in conjunction with approved PIDA financing for $2,000,000 and a total project cost of $4,862,000.

The Sapling Company, Inc. will utilize the property at 670-682 Louis Drive, Warminster, PA  for warehousing, production and office space. The new 65,000 square foot facility will allow the company to solve current space issues as well as room for growth so that they may reach their fullest potential.

Sapling provides a wide range of master clocks and synchronized clock systems, which include Wireless Clocks, IP Clocks, Wired Clocks, and our TalkBack Wireless Clock System to the schools, hospitals and industries throughout the country and all over the world.

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THE LOCAL CHAMBER'S EXCHANGE

Congratulations to the 2015-16 Leadership Upper Bucks Graduating Class!

On Thursday, May 19th the Graduation Reception for this year’s Leadership Upper Bucks (LUB) Class took place at the Upper Bucks Chamber of Commerce. The seven LUB graduates attended half day sessions which met monthly from September to May. Participants in this year’s program have discovered more about themselves, developed leadership and management skills, practiced their new skills on a company project, learned how to be an effective nonprofit board member, and met public and private sector leaders. The program incorporated leadership development with learning about community issues. A strong self-assessment component helped participants understand how their behavioral styles and talents affect the way they lead.

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MEMBERS' CORNER

  • James Bleakly, BCEDC Past President, Recognized
  • 44 Business Capital Becomes a Division of Berkshire Bank
  • PennDOT Announces First Use Of Flashing Yellow Arrow Signals
  • Univest Bank and Trust Co. Appoints Jane Sobieski as Senior Vice President in Commercial Banking
  • P.F. Weiss Realty Would Like to Present: 875 N. West End Blvd., Quakertown
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NEW MEMBERS

  • Meet New Member, Jim Geier, CEO of Human Capital Consulting Partners
  • New Member, Carol Obando-Derstine Talks About PPL

Meet New Member, Jim Geier, CEO of Human Capital Consulting Partners

Say the words “human resources” and many picture want ads, interviews, benefits briefings, etc. ... mostly the tactical side of hiring and managing people in a business. But organizational thought leader Jim Geier, founder and CEO of Human Capital Consulting Partners, observed a disconnect in the way most companies manage people and hire new ones, one that actually creates a drag on business growth and profits.  His unique approach, called “The HCCP Strategy”, is being adopted by small and medium businesses as an innovative way to operate human resources, find and hire new talent, retain talent already onboard, and ultimately to be more efficient and more profitable company.

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