January 5, 2012 Vol. 6 - No. 1

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1 January 5, 2012 Vol. 6 - No. 1 In This Issue MCEDC News Featured Artice MCEDC's Newest Members Financing Notes Upcoming Events Member Spotlight Featured Property Member Press Releases Quick Links Visit our Website Membership Member to Member Discounts MCEDC's Newest Members MCEDC Partnerships Montco Young Professionals Group Financial Assistance/Funding Past Issues of the INDICATOR Contact Us 420 W. Germantown Pike East Norriton, PA p: f: us at: info@montcoedc.com MCEDC News MCEDC Names David Niles President and Executive Director East Norriton PA - Montgomery County Economic Development Corporation (MCEDC) announced that its Board of Directors has appointed David A. Niles President and Executive Director, effective the first of the year. Mr. Niles comes to MCEDC after 13 years in the local commercial real estate sector, most recently with CresaPartners. Mr. Niles serves on the board of BioStrategy Partners, a virtual life sciences incubator, and is a consultant to the Chester County Keystone Innovation Zone, working with academic and healthcare institutions and biopharma companies. A graduate of Ithaca College, Mr. Niles resides in Merion Station PA. MCEDC is a private, non-profit, non-govenmental corporation dedicated to supporting and furthering economic development in Montgomery County. Featured Article Best Foot Forward: How to Build and Protect Your Corporate Reputation

2 or check out our website: (Brought to you by: Kreischer Miller) A business's continued success is most fundamentally determined by its reputation in the marketplace. About Us Montgomery County Economic Development Corporation (MCEDC) is the key resource in Montgomery County for economic assistance and development for business. MCEDC is dedicated to enhancing the county's economic balance and preserving its quality of life. The Corporation has a rich, successful history in attracting new business to the county. Please Visit Our Newsletter Sponsor And in today's environment, in which scandals seem to occur on a daily basis, people often think of reputation only in terms of integrity or ethics. But it is much more than that, says John F. Schlechter, director, Auditing & Accounting at Kreischer Miller. "Certainly being ethical in business practices is critical, but reputation includes such things as leadership and vision, quality of products or services, the workplace environment, financial results and corporate citizenship, to name just a few," says Schlechter. "The challenge is to balance all of these elements in a way that produces a reputation that leads to a successful business." Smart Business spoke with Schlechter about how to build your corporate reputation - and how to protect your good name. Continue Reading... MCEDC's Newest Members MCEDC would like to recognize and thank the following companies and individuals for their membership. Please consider using the businesses that support our organization as they are driving forces in the development of Montgomery County. Applied Bank Hanover Fire & Casualty Insurance Oliver Construction, Inc. For a complete list of New Members who have joined MCEDC since January 2011, please click HERE. Financing Notes Current PIDA Rates The PIDA participation rates are set for the current fiscal year (July 1, June 30, 2012). The current rates are 2% and 3% and are reset each quarter. For more information regarding the PIDA loan, please click HERE. Current SBA Fixed Rates (January 2012)

3 10 Year % 20 Year % Refinances % For more information regarding the SBA 504 loan, please click HERE. Current SDC Rates The SDC interest rate will be established from time to time by SDC and may change based on market conditions. The current SDC interest rate is equal to 4.50%. Once the loan has been funded, the SDC interest rate will then be reset every five years thereafter at a rate equal to the yield on the Five-Year Treasury Note plus 300 basis points but in no event will that reset rate be lower than the initial rate of the loan. For more information regarding the SDC Loan Program, click HERE. Upcoming Events Montco Commercial Real Estate (MCRE) Breakfast Meeting (Sponsored by: Continental Realty) Tuesday, January 10, 2012 / 7:45am - 9:00am 408 Cherry Street / Norristown, PA Register for this event! Business Financial & Benefits Resources (Sponsored by: 3D Financial Group, Employer Services Online & The Broker Network, Inc.) Tuesday, January 24, 2012 / 8:30-11:00am Associated Builders & Contractors, Inc. / East Norriton, PA $15 for MCEDC Members / $25 for Non-Members Register for this event! For more information regarding any of these events as well as a complete list of upcoming events, please visit our Calendar of Events Page. Member Spotlight Trotter Industries is an established business who believes in providing the highest level of service and satisfaction to all of our customers. We employ only the best skilled electricians, whose priorities are safety and quality. We are a highly trained, experienced company and we require continuous education in order to stay on top of the ever-changing world of technology. At Trotter Industries, we hold to a high standard of values that set the way in which we conduct business. From the first call received through job completion; every detail is measured by one word, Integrity. Whatever your electrical need may be, Trotter Industries can help. With years of experience, we have earned our

4 reputation as an on-time, affordable electrical contractor. Read about Trotter Industries Lighting Maintenance Division... Featured Property Available! 10,800 S/F 1 Poplar Street, Ambler For more information or to arrange an inspection, contact: The Windsor Realty Group, Ltd. Richard L. Feron p: / f: / rlferon@yahoo.com To obtain a property brochure, click the picture above. Member Press Releases Maillie Falconiero & Company, LLP - Business Mileage Rate Stays at 55.5 Cents-Per-Mile IRS Stresses Accuracy in Letters to Tax Preparers Montgomery County Community College - Build Operations Management Skills; Get CPIM Certification Locally Free Dealer Training Information/Registration Session TriCounty Area Chamber of Commerce - TriCounty Chamber of Commerce Lightens Your Labor Law Load Verizon - NHS Human Services Foundation Receives $5000 Grant from Verizon Foundation The Women Center of Montgomery County Announced a $7,500 Grant from Verizon Foundation to Support Elderly Abuse Prevention and Outreach If you are a member and have a Press Release that you would like to include in an upcoming issue of 'the INDICATOR', please submit it to Carli Pio McCrea. About the INDICATOR: Montgomery County Economic Development Corporation (MCEDC) is pleased to bring you an online version of their publication, the INDICATOR. As it has been since the beginning, this newsletter is dedicated to "providing the reader with information concerning national, state, and local developments in Montgomery County." Disclaimer: All information contained herein is from sources deemed reliable. Montgomery County Economic Development Corporation (MCEDC) makes no representations or warranties as to the suitability of this information for your own particular purpose, and that the extent you use or implement this information in your own setting; you do so at your own risk. The information provided herewith is solely for your own use and cannot be sold. In no event will MCEDC be liable for any damages

5 whatsoever, whether direct, consequential, special, or claim for attorney fees, arising out of the use of or inability to use the information provided herewith. Forward This was sent to by Update Profile/ Address Instant removal with SafeUnsubscribe Privacy Policy. Montgomery County Economic Development Corp. 420 W. Germantown Pike East Norriton PA 19403