SPOTLIGHT ON BUCKS BUSINESS

Sweet Note Bakery

Sweet Note Bakery is a manufacturer of gluten-free and allergen-free bagel products. They are on a mission to bring their customers delicious, gluten-free bagels that are made without the top eight common food allergens, GMOs and artificial ingredients. They genially care about delivering high quality products that can be confidently enjoyed without sacrificing great taste, texture or flavor. Sweet Note’s bagels are passionately made, persistently real and confidently enjoyed.

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NOTEWORTHY NEWS

Key Quakertown Project Gets New Partner, Restaurant

A local businessman and entrepreneur will partner with the developer of the 301 Broad Street project in downtown Quakertown, Pennsylvania.

Developer Dave Halliday on Friday announced his partnership with Quakertown businessman and restaurant owner Vince Randazzo, nixing an earlier tie to The Green Parrot Restaurant and Pub in Newtown.

Randazzo will operate the first floor, full-service restaurant which anchors the building.

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THE BOTTOM LINE

A Regular Feature to Help Your Business Improve Its Profitability

Spread the Wealth:
How Business Owners Can Mitigate the Risk of Customer Concentration

When a company’s customer base is too concentrated on a handful of large clients, it can make the owner and its management team nervous.

They may fear the bank will limit the amount they’ll advance from any customer accounts receivable that exceed a certain dollar amount or predetermined percentage of sales.

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THE BOTTOM LINE

Dynamic Dashboards

What would you call a user interface that was easy to read, usually one screen, displays the company’s latest key performance indicators graphically, and was readily available to decision makers?

No, the answer is not “impossible”. In one form or another, business dashboards have been in use since the 1980’s, initially as Executive Information Systems. Their somewhat slow pro-gression into the broader business arena was due primarily to limited distribution capabilities. As a result of more recent improvements in data refreshing and handling, dashboards have become an increasingly popular means of monitoring high-level business objectives at a glance.

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THE LOCAL CHAMBERS’ EXCHANGE

UBCC: Pennsylvania Free Enterprise Week

Upper Bucks County Chamber of Commerce hosted a special breakfast meeting on October 1st at the Spinnerstown Hotel, Quakertown.

John Trombetta, President/CEO, Pennsylvania Free Enterprise Week (PFEW) and some of this year’s UBCC PFEW Scholarship recipients shared their PFEW experience with a group of Chamber members.

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STRATEGIC EARLY WARNING NETWORK

Bring Your Supply Chain Closer to Home

BCEDC has been participating in a regional effort to help bring back business lost off-shore. Just as it is hard to quantify the extent of damage Bucks County companies have experienced, it is even harder to raise business leader awareness to a level they feel capable of doing something about it. The most common response to the question, “Do you want help re-shoring lost business?” was, “It’s almost impossible to get work back from Asia once it goes off shore. Even if I had a plan, I don’t have the money to finance the necessary changes.”

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COMPANIES ON THE MOVE

CLEAR Employer Services is a new company in Bucks County that provides HR services cost-effectively—from the more routine aspects of employment such as payroll and employee taxes, to complex issues such ACA compliance and employee legal claims. CLEAR provides outstanding, personalized service without exception to companies with between 10 and 200 employees. They are located at 2080 Cabot Boulevard West in Langhorne.

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FROM THE DESK OF THE BCITC

BCITC’s Case Study with PacPro

The Advisory Committee of The Bucks County International Trade Council (BCITC) conducted their monthly Case Study with Packaging Progressions, Inc. (PacPro), a Pennsylvania manufacturer of food pro-
cessing and packaging capital equipment. During the Case Study, the team of international business experts from the BCITC provided free consulting advice to PacPro to help them with their effort to expand international sales.

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FINANCIAL TOOLBOX

Interested in Reshoring? Services are Provided at No Charge. We can Help.

Total Cost of Ownership:

  • Consulting services to financially examine reshoring business case
  • Compare operating costs for reshoring and offshoring
  • Identify hidden costs of offshoring
  • Analyze reshoring transition costs into a cash flow model
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FINANCIAL TOOLBOX

DCED Announces Rates for the 4th Quarter

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-year period). This option is calculated using the ten-year treasury yield +150 basis points. Based on the current ten-year treasury yield, the fixed rate option is 3.50% for the life of the loan.

2. Fixed interest rate for a seven-year period set at the ten-year treasury rate +50 basis points. After seven years, the rate will reset to the ten-year treasury rate +50 basis points. Please note, the reset rate is limited to a 200 basis point increase/decrease and has a floor of 2.25%. The reset rate is then fixed for the duration of the loan.

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MEMBERS’ CORNER

  • Roddy Inc. Appointed Exclusive Agent to Market An 84,700 Sq. Ft. Premier Bucks County Facility
  • New Member: Competitive Advantage through Innovation
  • Joseph A. Fitzpatrick Named to “Best Lawyers in America 2016”
  • Bucks County Bank announcements 
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