News

October 13, 2016

Join the Bucks County Commissioners for Breakfast with the Port Authority of Philadelphia.

Join the Bucks County Commissioners for Breakfast with the Port Authority of Philadelphia.

October 13, 2016

July 13, 2016

Bucks County IDA announces $2.7M award for development of an 80 acre site in Plumstead Township

Bucks County IDA announces $2.7M award for development of an 80 acre site in Plumstead Township

July 13, 2016

The Bucks County Industrial Development Authority (BCIDA) was awarded its second “Business in Our Sites” low interest loan of $2.7 million by the Pennsylvania Commonwealth Financing Authority through the state’s Department of Community and Economic Development. The loan will be matched with up to $300,000 in local funding through the Bucks Rebuilt program to develop more than 80-acres of industrially zoned land into advanced manufacturing, R&D, life science and related uses. The site is located in Plumstead Township, Bucks County and will be developed through an envisioned partnership with Penn Engineering, owner of the property.

Robert G. Loughery, Chairman of the Bucks County Commissioners, hailed this initiative stating that he is proud of the new partnerships the BCIDA has formed to create these types of opportunities for the life sciences community. Commissioner Loughery emphasized that the Pennsylvania Biotechnology Center in Buckingham Township is a world class facility that needs space for its successful companies to expand. “Working cooperatively with the County of Bucks, Plumstead Township, and Penn Engineering, the Bucks County Industrial Development Authority will work to improve the site and secure the appropriate subdivision and land development approvals in order that it can be developed to attract new and emerging companies in the life sciences industry.”

The project is aimed at facilitating new and expanded business investment and the creation of high wage/high skill, family sustaining jobs, by positioning the property in the market place for productive use. “We are pleased to begin the process of forging a successful partnership with Penn Engineering and Plumstead Township to create a life sciences campus north of the Pennsylvania Biotechnology Center,” Mary Smithson, Chairman of the Bucks County Industrial Authority observed. “Preparing this site for companies to locate and expand will create hundreds of new jobs and millions in new private investment.” she concluded.

Contact: Jorden P. (Pete) Krauss, Executive Director
Bucks County Industrial Development Authority
Office Phone: 267-880-6071

October 28, 2015

Bucks County Community College announces Advanced Manufacturing Metalwork Training Program starting in December

Bucks County Community College announces Advanced Manufacturing Metalwork Training Program starting in December

October 28, 2015

The Bucks County Community College will be holding an information meeting on October 30, 2015 at 10:00 am for individuals interested in Advanced Metal Manufacturing. The info session will be held at the Bucks County Community College, Lower Bucks Campus Atrium located at 1304 Veterans Highway in Bristol.

To register call 267-685-4884 or email Bridget Hughes at bridget.hughes@bucks.edu.

October 28, 2015

Bucks County IDA attended Open House in support of Bucks County Community College’s Center for Workforce Development Manufactures Day

Bucks County IDA attended Open House in support of Bucks County Community College’s Center for Workforce Development Manufactures Day

October 28, 2015

Bucks County IDA attended the Bucks County Community College’s Center for Workforce Development Manufactures Day Open House that was held at the Advanced Manufacturing Training Center in Bristol on October 2, 2015. The Bucks County Community College’s Center for Workforce Development offers a metalwork training program that partners with local manufacturers to provide trained entry level employees to assist in fulfilling their hiring needs. The metalwork training program is funded by a federal grant that is administered by the County of Bucks.

October 5, 2015

VC4BC Company Spotlight – OrthogenRx Receives FDA Approval

VC4BC Company Spotlight – OrthogenRx Receives FDA Approval

October 5, 2015

OrthogenRx announced they have received approval from the Food and Drug Administration (FDA) for a treatment for patients with osteoarthritis knee pain. Visit Ben Franklin Technology’s website for the full story.

August 13, 2015

Bucks County IDA partners with Penn Engineering to develop property in Plumstead into life science campus

Bucks County IDA partners with Penn Engineering to develop property in Plumstead into life science campus

August 13, 2015

Bucks County IDA has partnered with Penn Engineering and Manufacturing to develop an 80 acre property that sits on Old Easton Road in Plumstead Township across from the Penn Engineering headquarters. Under the partnership, Penn Engineering will provide the land, where the BCIDA will develop the infrastructure to provide each lot with water, sewer, electric, natural gas and fiber optics. The purpose to the development is to bring in more life science jobs and opportunities. Ideally, this project will provide a state of the art life science campus that would bring in 100 -150 manufacturing jobs in addition to 200 – 250 research and development positions. BCIDA is awaiting funding approval to move forward with the plan. Notification of approval is expected in November.

June 26, 2015

Groundbreaking Ceremony for American House at Perkasie

Groundbreaking Ceremony for American House at Perkasie

June 26, 2015

American House at Perkasie held a Groundbreaking Ceremony for their project that received funding through the Bucks Renewed financing program. The project will house 10 high end apartments and almost 6,000 square feet of retail space located at 7th and Market Streets in historic downtown Perkasie. This project marks the first phase of Perkasie Borough’s revitalization plan.

June 4, 2015

Groundbreaking Ceremony for Sellersville Business Campus (formerly Ametek property)

Groundbreaking Ceremony for Sellersville Business Campus (formerly Ametek property)

June 4, 2015

March 27, 2015

Bucks County Commissioners Join Bucks County IDA To Announce $2 Million Financing For Keystone NAP

Bucks County Commissioners Join Bucks County IDA To Announce $2 Million Financing For Keystone NAP

March 27, 2015

Download the Flyer here

The Bucks County Board of Commissioners today announced the conclusion of the first phase of $2 million in direct financing and loan guarantees by its Bucks County Industrial Development Authority to support nearly $20 million in private funding of Keystone NAP, the first advanced data center in the Northeast United States capable of meeting the needs of today's web-scale enterprises. From its secure site at the Keystone Industrial Port Complex (KIPC), Keystone NAP will address the underserved Mid-Atlantic market with a unique multi-tenant co-location offering that combines robust power and communications infrastructure with advanced network management, data center migration and application optimization services.

The company was founded by a veteran team of IT executives and is built for customers that rely heavily on network-based applications, as well as those companies delivering cloud-based solutions. The KIPC site also offers multi-layered site security and contains massive capacity for future growth. "Keystone NAP will bridge a crucial technology gap on the East Coast," said Robert G. Loughery, chairman of the Bucks County Commissioners. "This investment of $2 million in public funds will not only leverage nearly $20 million in private funding, but will light up the entire KIPC complex and beyond with the unparalleled network connectivity of an advanced data center," he added.

Keystone NAP is offering web-scale infrastructure and first-class network and application services to businesses located within the KIPC and surrounding areas, a major component of the County's willingness to invest in this effort. "We will make network services available at commercially reasonable rates. It is Keystone NAP's objective to be a 'good neighbor' to the other businesses located within the KIPC," said John Parker, President of Keystone NAP. "We will also provide customers with diversity and choice by supporting many different network connectivity vendors such as Sunesys, Comcast, Lightower Fiber Networks, Level 3, Zayo and Verizon," he concluded.

"Keystone NAP is expected create more than 100 high wage/high skill jobs over the next three years, along with roughly the same amount of construction jobs over that same period," Commissioner Loughery stated. "But the greatest potential for job creation will be through this transformative technology's impact on the KIPC and Lower Bucks County, through the start-up, expansion and substantial increase in productivity for businesses made possible by this exponential leapfrog in technology modernization."

The Commissioners went on to recognize the important role the Board of the BCIDA played in bringing this project to fruition. Commissioner Loughery took special note of the use of the recently established "Loan Guaranty Program" as a critical and creative tool in leveraging significant private lender financing, without which this project could not have moved forward; thanking BCIDA Chairman Mary Smithson and the members of her Board for their forward-thinking in inaugurating this new program initiative.

About Keystone NAP
Keystone NAP is the only advanced data center in the Northeast to combine extreme power durability and comprehensive connectivity with the multi-tenant data center services, security, and capacity that today’s web-scale enterprises require. Built on the site of a former steel mill in Fairless Hills, PA, Keystone NAP has an inherited power infrastructure capable of supporting virtually unlimited expansion, and a diverse telecommunications architecture with connections to many major peering points via nearly 151,000 route miles of fiber. A cut above the traditional data center, Keystone NAP also offers enterprise-class services for optimizing and continually managing network connectivity to ensure the highest application performance possible. Safe from the hazards of an urban environment, but also convenient to several major cities, Keystone NAP answers a critical market need for advanced data center services on the east coast. For more information, please visit www.KeystoneNAP.com or call 1-844-KEYBLOCK (539-2562).

May 19, 2014

BCIDA supports cooperative effort by the County of Bucks and the Bucks County Community College of a FREE Metal Manufacturing Training Program

BCIDA supports cooperative effort by the County of Bucks and the Bucks County Community College of a FREE Metal Manufacturing Training Program

May 19, 2014

Download the Poster here

Metal Fabrication Training Program to be offered by Bucks County Community College.

The program is funded through a generous grant provided by the County of Bucks.

Newtown, PA May 15, 2014: A Metal Fabrication Training Program is being offered to unemployed or underemployed residents of Bucks County through a Community Development Block Grant provided by the Bucks County Commissioners. This program has been developed to train pre-qualified individuals to help prepare them to fill much needed positions in metal manufacturing companies in Bucks County. Information sessions on the Metal Fabrication Training Program will be held:

Date/Time

  • June 3, 2014 | 5:30 - 7:30 PM
  • June 4, 2014 | 5:30 - 7:30 PM

Location

  • Newtown Campus Solarium, 275 Swamp Road, Newtown, PA
  • Lower Bucks Campus Atrium, 1304 Veterans Highway, Bristol, PA

The goal of this program is to provide training for individuals to develop necessary skills to pursue a successful career path in our local manufacturing companies. The need for manufacturing skill sets has clearly been identified across the country and in our County. Business owners are having difficulty finding employees with the right training and skills to fill vacant positions in their companies. Local employers will be participating in the selection process of candidates for the program based on their skills, attitude, and acumen. A variety of screenings will be mandatory for admittance to the program. Efforts will be made to connect successful program completers with local employers, who will then provide the necessary internal training to meet their company's specific needs.

The training program is 12 weeks in duration and attendance is 4 days per week in class and 1 day a week off-site for manufacturing facility tours and field trips. The training sessions will be held at the Bucks County Community College's Advanced Manufacturing Training Center, 310 George Patterson Boulevard, Bristol, Pennsylvania. Training will commence in July 2014.

More information is available on the College and County websites.
For additional information or to register for an information session please contact: Emily Evans, Director of Workforce Development, Bucks County Community College at emily.evans@bucks.edu or 215-504-8695

May 7, 2014

Bucks County Industrial Development Authority Hosted an "Inaugural Event"

Bucks County Industrial Development Authority Hosted an "Inaugural Event"

Wednesday, May 7, 2014
5:30 - 7:00 PM
11 Welden Drive, Suite 100
Doylestown, Pa 18901


Download the Slide Deck here

The Bucks County Industrial Development Authority (BCIDA) hosted their "Inaugural Open House Event" Wednesday, May 7, 2014, where Chairman, Mary K. Smithson joined by Bucks County Commissioners Robert G. Loughery and Charles H. Martin, discussed the exciting new economic development initiatives taking place in Bucks County. These initiatives include the launching of a re-invigorated and re-engineered organization that is 47 years young, the Bucks County Industrial Development Authority.

Since its inception in 1967, the BCIDA has been a leader in providing tax free financing to hundreds of industrial and manufacturing enterprises accounting for billions of dollars in new private investment and thousands of family sustaining jobs. However, beginning last year through a partnership with the Bucks County Commissioners, the BCIDA began to take on a far more dynamic and vital role in supporting new business investment and job creation. The BCIDA now serves as the county's lead economic development agency directing the county's Bucks2Invest financing programs.

A critical component of the BCIDA mission is to provide qualified businesses with below market rate financing to grow and expand their operations and to create and retain family sustaining jobs. With more than $10 million available through direct loans, loan guarantees and our partnership with the Ben Franklin Partnership of Southeastern PA, the BCIDA is able to provide funding to finance an array of business needs, from land and building acquisition, to site preparation and improvements, to machinery and equipment purchases, to working capital and even venture capital through our VC4BC program.

Contact: Pete Krauss, Executive Director, Bucks County Industrial Development Authority at jpkrauss@buckscountyida.com or 267-880-6071

March 10, 2014

Bucks County and Ben Franklin Technology Partners of Southeastern Pennsylvania Host VC4BC Application Briefing

Bucks County and Ben Franklin Technology Partners of Southeastern Pennsylvania Host VC4BC Application Briefing

March 10, 2014

The Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) hosted along with representatives of Bucks County, an investment application briefing for the county's VC4BC program Friday, March 7, 2014. The briefing was held at the Pennsylvania Bucks County Biotechnology Center in Buckingham Township. Approximately 35+ entrepreneurs attended, all receiving guidance on how to apply to the VC4BC program through Ben Franklin Technology Partners.

VC4BC is a partnership between the Bucks County Retirement Board and Ben Franklin Technology Partners to invest $4 million in emerging and growing companies, located in or willing to locate to Bucks County. The VC4BC program is being offered to companies who are developing and commercializing advanced technologies.

"VC4BC is a public/private co-investment partnership, where every Bucks County pension dollar is matched by Ben Franklin. The partnership is part of our new Bucks2Invest initiative, intended to create a one-stop shop for economic development in county government, while increasing the amount of government assistance for businesses," said Bucks County Commissioner Robert Loughery.

All VC4BC investment opportunities are evaluated through Ben Franklin's highly regarded, technology sector-specific review process, using many of the region's top technology experts and early stage investors.

For additional information, please contact Terry Hicks, Vice President of the Investment Group for Ben Franklin, at terry@sep.benfranklin.org or call 215.972.6700 x3799.

January 23, 2014

Bucks County Retirement Board and Ben Franklin Technology Partners of Southeastern Pennsylvania to Announce VC4BC Partnership to Invest $4 Million

Bucks County Retirement Board and Ben Franklin Technology Partners of Southeastern Pennsylvania to Announce VC4BC Partnership to Invest $4 Million

January 23, 2014

The Bucks County Retirement Board and Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) will announce Venture Capital For Bucks County (VC4BC) tomorrow. VC4BC is a partnership to invest $4 million in emerging and growing companies, located in or willing to locate in Bucks County, who are developing and commercializing advanced technologies. A press conference will be held tomorrow at 10 A.M. at the Pennsylvania Biotechnology Center of Bucks County.

"VC4BC will increase the amount of seed capital available for the growing number of advanced technology enterprises in Bucks County," said RoseAnn B. Rosenthal, President and CEO of Ben Franklin.

"VC4BC is a public/private co-investment partnership, where every Bucks County pension dollar is matched by Ben Franklin. The partnership is part of our new Bucks2Invest initiative, intended to create a one-stop shop for economic development in county government, while increasing the amount of government assistance for businesses," said Bucks County Commissioner Robert Loughery. All VC4BC investment opportunities are evaluated through Ben Franklin's highly regarded, technology sector-specific review process, using many of the region's top technology experts and early stage investors.

A VC4BC investment application briefing will also be held on February 14th at 10:00 A.M., at the PA Bucks County Biotechnology Center. Please visit www.sep.benfranklin.org/vc4bc for more information and to register.

For additional information, please contact Terry Hicks, Vice President of the Investment Group for Ben Franklin, terry@sep.benfranklin.org, 215.972.6700 x3799.

November 27, 2013

Commissioners Announce First Initiative of the Bucks2Invest Program

Commissioners Announce First Initiative of the Bucks2Invest Program

November 27, 2013

The Bucks County Board of Commissioners is pleased to announce their first loan project approved through the county's "Bucks 2 Invest" economic development program. The "Bucks 2 Invest" program, announced by the Commissioners in February 2013, was created to spur economic development growth in the county in part through the efforts of the Bucks County Industrial Development Authority (BCIDA), a Commissioner directed entity. The BCIDA manages five loan programs for the county's "Bucks 2 Invest" initiative: Bucks Renewed, Bucks Rebuilt, Core Industry Fund, New Economy Fund, and Taste & Tour.

Gorski Engineering, Inc. is the owner and developer of this groundbreaking project located at 18 S. Fifth Street in Quakertown Borough, Bucks County. Gorski Engineering received low-interest loans totaling $400,000 from the New Economy Fund and $70,000 through the Bucks Rebuilt program. The total project is estimated to cost nearly $5 million. Gorski will re-purpose the 60,000 square foot building for three tenants when completed.

Roselon Industries, Inc. (Robert Adams, President) will occupy 10,600 square feet of the newly renovated building. Roselon (previously Spinlon) occupied the building for 40 years. They are maintaining their corporate headquarters and R∓D in the new space and will continue with their business of texturing synthetic fiber to make specialty yarns for athletic clothing, socks, and gloves.

The primary tenant will be Synergis Technologies, Inc. (David Sharp, III, President and CEO) which will occupy 33,000 square feet of the building. Synergis is comprised of two independent divisions – Synergis Software, developers of Adept Engineering document management solutions, and Synergis Engineering Design Solutions, the premiere Autodesk solutions provider in the mid-Atlantic region. Synergis currently leases space in two separate locations in other parts of Bucks County. They would like to combine operations into one location and have selected this site in Quakertown Borough. They currently have 107 employees and plan to grow over the next three to five years to 135.

There will be space for an additional tenant of 5,000 square feet of office space or 12,000 square feet of flex space. The Bucks County Commissioners are proud to support this project and look forward to many more of these types of loan partnerships through the Bucks 2Invest program in the future.

For more information, contact: Chris Edwards or Juliet Kelchner at 215-348-6415

November 14, 2013

Bucks County Industrial Development Authority Nominated for State Brownfield Recognition

Bucks County Industrial Development Authority Nominated for State Brownfield Recognition

November 14, 2013

The Bucks County Industrial Development Authority (BCIDA) has been nominated to receive the Pennsylvania Brownfields Conference Extreme Makeover Award for its work at the former Haddonfield Lumber Yard. The Extreme Makeover Contest "Brownfields Edition" will feature the Haddonfield Lumber Yard project for consideration of a grant under the Industrial Sites Reuse Program. The award is sponsored by the Pennsylvania Department of Economic and Community Development with the support of the Pennsylvania Department of Environmental Protection.

The former Haddonfield Lumber Yard is located at 1 M-Y Lane, an abandoned rail served industrial site located in Falls Township, Bucks County. The site was formerly a manufacturing distribution facility for residential building materials. As currently envisioned, the BCIDA is seeking to acquire, improve and install necessary roads, infrastructure, utilities and landscaping to this site, including repairing the currently unutilized rail spur, in order to produce fully pre-developed five acre lots at the site.

The other nominees for the award include the Redevelopment Authority of the County of Montgomery for the Crossings at Ambler Station and the Mt. Airy Transit Village for the Wissahickon Charter School.

Each project will be presented during the ninth annual Pennsylvania Brownfields Conference to be held at the Radisson Valley Forge Hotel in King of Prussia, Montgomery County from December 9 to 11. The Extreme Makeover presentations will be scored by a panel of judges and attendees of the conference. The winner will be announced at the conclusion of the conference on December 11. The Pennsylvania Brownfields Conference is the largest brownfields networking and education event in Pennsylvania.

Brownfields are properties in need of expansion, redevelopment or reuse, but because of actual or anticipated hazardous substances, pollutants or contaminants, that work is made more challenging. Pennsylvania's approach to brownfields redevelopment has proven to be a national model for transforming abandoned, idle properties into places of environmental protection and economic opportunity.

To view a video of the project, visit DEP's YouTube channel.

To learn more about Brownfields redevelopment in Pennsylvania, visit www.dep.state.pa.us, or call 717-783-1566.

Contact: Pete Krauss, Executive Director, Bucks County Industrial Development Authority jpkrauss@buckscountyida.com or call267-880-6071

September 26, 2013

Bucks County Industrial Development Authority Announces $4.5 million Award to Restore Former Ametek Site to Productive Use

Bucks County Industrial Development Authority Announces $4.5 million Award to Restore Former Ametek Site to Productive Use

September 26, 2013

This week, the Bucks County Industrial Development Authority (BCIDA) was awarded by the Pennsylvania Commonwealth Financing Authority a $4.5 million low interest loan, matched with $500,000 in local funding to acquire, improve, and sell/lease parcels for advanced manufacturing, R&D, life science and related uses at a former Resource Conservation and Recovery Act (RCRA) site in Upper Bucks County.

The project is aimed at facilitating new and expanded business investment and job creation and retention, by positioning the site back into productive use. "There is a shortage of assembled and developable sites for these uses within the county," Mary Smithson, Chairman of the Bucks County Industrial Authority observed. "Putting this land back into productive use will generate hundreds of new jobs and millions in new private investment." she concluded.

As envisioned, the nine parcels of four to five acres each will be prepared with a loop road access and infrastructure improvements including storm water management, water and sewer facilities, as well as lighting and landscaping. "We are very excited at the possible opportunity to develop the AMETEK site," said Robert Rudick, President, Sellersville Borough Council. "The hope of new jobs for the Sellersville area will provide a big boost for the local economy."

This roughly 44-acre parcel is located at the former AMETEK site in Sellersville Borough, Bucks County, an area of the county that has experienced job losses and where a major employer (TEVA, Inc.) has announced they are closing in the next three years with a loss of nearly 300 jobs. Robert G. Loughery, Chairman of the Bucks County Commissioners, hailed this new initiative stating that he is proud of the new partnerships the BCIDA has formed. "Working with the County of Bucks and the local municipality, which actively supports this initiative, the Bucks County Industrial Development Authority will acquire the site, secure land development approvals, and subdivide the site into multi acre parcels for sale and/or lease," he said.

Again, according to Commissioner Loughery more than 850,000 square feet of new buildings will be able to be constructed, creating as many as a 1,000 new and retained family sustaining jobs over the next 5 to 7 years.

Contact: Pete Krauss, Executive Director, Bucks County Industrial Development Authority at jpkrauss@buckscountyida.com or call 267-880-6071