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

SPOTLIGHT ON BUSINESS

Follow the Crumbs to American Breadcrumb Company

American Breadcrumb Company, LLC (ABC) one of the largest breadcrumb manufactures in the USA, supplying the industry with over sixty million pounds of breadcrumbs each year will expand their facility and add jobs in Bristol Township.

Who would’ve thought what started out as small family-owned business over 30 years ago only making little ole’ bread crumbs would be such a steady pillar in the Levittown community. The company is still family-owned and still making breadcrumbs and a whole lot more. Their product line includes seasoned and plain breadcrumbs, cracker meal, flour breaders and batters, animal crackers and stuffing.

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NOTEWORTHY NEWS

Economic Development is “LOCAL”

The economic development process is driven from many different sources from federal and state legislation, and the Governor’s office, and most of all by the business community but the very approval of any project is left to one entity in the Commonwealth of Pennsylvania that is the “approving township” because without that approval there is no project. Yes economic development is just that “LOCAL”.

The “approving municipality” gets its power or rights from: The Pennsylvania Municipalities Planning Code act which was approved on January 1, 1969 and lays out the framework on how the municipal bodies provide for the intent, purpose and scope of this act to protect and promote safety, health and morals; to accomplish coordinated development; to provide for the general welfare by guiding and protecting amenity, convenience, future governmental, economic, practical, and social and cultural facilities, development and growth, as well as the improvement of governmental processes and functions and to promote small business development and foster a business-friendly environment in this Commonwealth; to ensure that municipalities adopt zoning ordinances which are generally consistent with the municipality’s comprehensive plan.

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MEET ONE OF OUR NEWEST MEMBERS

Bill Krause, QS-Resources, LLC

QS Resources LLC began operations in 2009, leveraging over 30 years of experience in managing Quality and Regulatory Affairs Systems at various Medical Device Manufacturing companies in Bucks and Chester counties. QS Resources LLC, and our partners, specialize in assisting small to medium sized manufacturing firms with compliance to national, and international regulations. Our dedicated professionals have extensive knowledge, skills, and experience to assist your organization in developing cost effective, pragmatic solutions to enhance your Quality Management, Regulatory Affairs, or Environmental Management Systems.

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FINANCIAL TOOLBOX

SBA Will Continue to Zero Out Fees on Small Dollar Loans, Expands Relief for Larger Loans to Vets

The U.S. Small Business Administration has announced that fee relief on 7(a) loans of $150,000 or less implemented last year and originally slated to expire on Sept. 30, will be extended through fiscal year 2015. SBA has also announced that fee relief measures for SBA Veterans Advantage will also be renewed as well as enhanced. Both the extension of the fee relief for 7(a) loans $150,000 and under, and the extension and enhancement of the fee relief for SBA Veterans Advantage loans will become effective today, October 1st, and will remain in effect through Sept. 30, 2015.

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DCED Holds PIDA Rates for Applications Received Through January 1, 2015

Borrowers will have the following two interest rate options for new loan applications:

A) Fixed interest rate for the full term of the loan (up to a fifteen-year period). The applicable rate for new approvals would be calculated each quarter and set at the ten-year treasury yield +150 basis points. Based on the current ten-year treasury yield, applicants would have the option of a fixed interest rate of 4.0% for the life of the loan.

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THE BOTTOM LINE

A Regular Feature to Help Your Business Improve Its Profitability

Collaboration to Support Manufacturing

The Manufacturing Alliance of Bucks & Montgomery Counties was created to establish a strong manufacturing partnership of private and public sector partners that collectively and collaboratively utilize their talent and available resources to develop and advance the technical skills of their workforce and provide opportunities for growth and increased profitability.

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FROM THE DESK OF BCITC

Greener Days looking to Expand Internationally

The Bucks County International Trade Council (BCITC) strives to provide local businesses with timely educational programs and direct support. Through our seminar series, networking events, newsletters and direct consultative meetings with local businesses, the BCITC provides a valuable service to local companies and individuals looking to expand involvement in international.

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STRATEGIC EARLY WARNING SYSTEM

Being the Right Company

Every business owner knows that being successful means satisfying current customers and creating a pipeline of new customers. The key ingredient to this process reinforces the old dating strategy of “finding the right person means being the right person first.” Being the right kind of business for your customers requires a continual self-assessment and a willingness to address the old habits that don’t work anymore. Generally, this assessment stops at the two major roadblocks of gaining too few new customers to replace the lost old ones and not enough working capital to finance any changes.

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COMPANIES ON THE MOVE

Three Companies Embrace KOEZ Benefits at Bristol Commerce Center:

Preferred tax status attracts Turtle & Hughes, Drexel Metals and Goodyear to strategic Bucks County location

Herring Properties announced in September that three companies have signed leases and moved into 2101 Green Lane, the new 70,000 square foot building at Bristol Commerce Center (BCC). Goodyear Tire Company, Turtle & Hughes and Drexel Metals have joined Airgas Safety, which completed construction on a 250,000 SF facility at BCC last year, in taking advantage of the site’s Keystone Opportunity Expansion Zone (KOEZ) designation.

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BCEDC BUSINESS HAPPENINGS

PIDA, Tax Free & SBA Financing Support Local Economic Growth

With an approved PIDA loan of $668,000 Griff & Associates, LP, DBA Griff Paper & Film is purchasing a new building at 9 Headley Place, Bristol Township. The new building will be used to set up a new production line and additional warehouse space. The project will result in the creation of eight jobs. The total project cost is $1,500,000. The company is located in an Enterprise Zone. Griff Paper & Film is a leader in supplying U.S. and global industries with specialty paper and film products.

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NEW FINANCING APPROVED IN 2014

THE LOCAL CHAMBERS’ EXCHANGE

LBCCC Actively Pursuing Partnerships

October is my favorite time of the year! I love this time of the year with the sunny days, cooler nights and the brilliance of color that will occur over the next several weeks. I also love this season because of all the wonderful activities from now through the end of the year, including all the
activities associated with the Chamber.

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MEMBERS’ CORNER

  • PennDOT Now Includes Streaming Video To More Than 700 Traffic Cameras On 511PA
  • 44 Business Capital Had A Busy Summer
  • As One Era Ends Another Begins
  • An Attorney at Fitzpatrick Lentz & Bubba is Named President of The Arc of Lehigh and Northampton Counties.
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BCEDC WELCOMES NEW MEMBERS

  • Danny Aylmer, IQnection, Inc.
  • Bill Krause, QS Resources, LLC