the INDICATOR
Member Spotlight 
 
Rockland Immunochemicals, Inc. CSO Testifies on Rockland Immunochemicals
Scientific Reproducibility Issues  at National Academies Session

Limerick, PA. April 18, 2018 - MCDC Member Rockland Immunochemicals, Inc. announced today that Chief Science Officer, Dr. Carl Ascoli testified at the National Academies of Sciences, Engineering and Medicine's third of six public session on Reproducibility and Replicability in Science on April 18th.
 

Rockland Immunochemicals, Inc., (Rockland) provides the highest quality antibodies and antibody based life science tools and services to the academic, biopharma, and diagnostic industries for use in basic research, assay development, preclinical and clinical studies, and bioprocessing. With facilities in Pennsylvania for over 55 years, Rockland manufactures products ideally suited for integration into critical assays such as western blotting, immunohistochemistry (IHC), immunofluorescence microscopy (IF), ELISA, flow cytometry, and 2D imaging. Additional information about Rockland's life science tools and services can be found on Rockland's website at www.rockland-inc.com 

Upcoming Events
 
 
Tuesday, August 14, 2018
8:00 AM - 9:30 AM
Corporate Interiors WorkLife Studio
550 West Swedesford Road
Malvern, PA 19355


Tue, August 21, 2018
Event Sponsors
Rockland Immunochemicals

5:00 PM - 8:00 PM
Coyote Crossing
800 Spring Mill Avenue
Conshohocken, PA 19428


Meet MCDC's Newest Members
 
Penn Group of Companies
620 Righters Ferry Road, Bala Cynwyd
610-668-0300

Michael Winters, CPA, Senior Accountant
 
Commercial Real Estate Development and Management
 

Featured Property
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1,800 S/F Available for Lease
Property Brochure
411 Fehely Drive, King of Prussia

2nd Floor Offices, 4 Large Private Offices, 2 Reception Areas, 2 Private Baths, Large Storage Closet

**All Office Furniture Available**

For Inspection or Additional Information
Please call:
Sidney E. Gable Associates, Inc.
610-272-6400

Member News, Events and Listings
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CEDARVILLE Engineering Group LLC:  Celebrated the Grand Opening of their new corporate headquarters in Pottstown July 18th.
Colliers International:    2693 Philmont Avenue, Huntingdon Valley
ERA Continental Realty Company, Inc.:  2315 Old Arch Rd, East Norriton, PA 19401; Price Reductions
Montgomery County Chamber of Commerce:  News and Events
TriCounty Area Chamber of Commerce:  News and Events

Member Renewals
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On behalf of the Montgomery County Development Corporation, we would like to take this opportunity to thank you for your support. Your membership and participation has helped us achieve many accomplishments. We will continue to strive to improve both the quality and quantity of services and benefits to help grow your business and you professionally. We are particularly proud of the opportunity we have to partner with you to grow leaders!
Thank You!
 
Aptcor Commercial Realtors - member since 1989 
Baum Smith & Clemens, LLP - member since 2005
Borough of Hatfield - member since 2012
Costa Auto Repair, Inc. - member since 1983
Eastburn and Gray PC - member since 2013
Fox Rothschild, LLC - member since 2017
Interstate Building Maintenance - member since 2007
Jackson Cross Partners, LLC  - member since 2000
Keystone Property Group - member since 2015
Nappen & Associates - member since 1984
PG Commercial Real Estate - member since 1997
 

Financing
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Montgomery County Opportunity Loan Program (MCOLP)

--The interest rate for the program has been lowered to the Prime Rate--

As the Commerce Department's flagship economic development program, the Montgomery County Opportunity Loan Program (MCOLP) is a cooperative initiative of the County government, the Montgomery County Development Corporation (MCDC), and the Montgomery County Industrial Development Authority (IDA). The loan program offers fixed rate and term loans to help businesses grow, increase productivity, and maximize the value of their investments in Montgomery County, Pennsylvania.
 
MCOLP is designed to be utilized as a traditional economic development "gap financing" tool in conjunction with commercial lenders as well as other public sector and non-profit sector lenders. Successful applicants will work with the Commerce Department and other lending institutions to fund a project (such as an equipment purchase or a building expansion). The advantages of utilizing MCOLP funding as part of a project's funding include a reasonable fixed rate and term.
 
To download the new guidelines, visit: https://www.montcopa.org/1713/Loan-Program
 
Contact: Kelsey Mattson, Strategic Outreach & Business Assistance Coordinator - kmattson@montcopa.org  or Cathy Lawrence, Loan Officer - clawrenc@montcopa.org
PIDA Interest Rates - Third Quarter 2018
 
The Pennsylvania Industrial Development Authority (PIDA) recently updated its interest rates for the quarter beginning July 1st, 2018. As the Certified Economic Development Organization (CEDO) for Montgomery County, MCDC can work with prospective applicants and their financial institutions to prepare and submit applications for PIDA funding. Terms and rates vary depending on the type of business, the project, and the use of funds.
 
The current guidelines for the PIDA program can be found here: https://dced.pa.gov/programs/pennsylvania-industrial-development-authority-pida/  

Listed below are the updated interest rate options for the PIDA loan program.  These rates are in effect for loan applications received through September 30, 2018.
 
For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:
 
For term loans with a regular amortization;
  1. Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points.  Based on the current 10-year treasury yield, the fixed rate option is 3.75% for the life of the loan.
  2. Fixed interest rate for a seven (7) year period set at the 10-year treasury yield.  After seven years, the rate will reset to the then-current 10-year treasury yield.  Please note, the reset rate is limited to a 200 basis point increase/decrease.  The reset rate is then fixed for the duration of the loan.  Based on the current 10-year treasury yield, the rate for the initial (7) year period is 2.75%.
For 10-year term loans with a 20-year amortization period;
  1. Fixed interest rate for the full term of the loan (10-yr. period). This option is calculated using the 10-year treasury yield +100 basis points.  Based on the current 10-year treasury yield, the fixed rate option is 3.75% for the life of the loan.
  2. Fixed interest rate for a five (5) year period set at the 10-year treasury yield.  After five years, the rate will reset to the then-current 10-year treasury yield.  Please note, the reset rate is limited to a 200 basis point increase/decrease.  The reset rate is then fixed for the duration of the loan.  Based on the current 10-year treasury yield, the rate for the initial (5) year period is 2.75%.
For Equipment loans - 3.75% fixed rate for the full term of the loan.
 
For Working capital and accounts receivable lines of credit - 3.75% fixed rate for 12 month period.
 
For Pollution prevention and energy efficiency loans - 2.00% fixed rate for the full term of the loan.
 
Contact: Kelsey Mattson, Strategic Outreach & Business Assistance Coordinator - kmattson@montcopa.org  or Cathy Lawrence, Loan Officer - clawrenc@montcopa.org
 
MCDC's Supporting and Investor Members
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The Montgomery County Development Corporation (MCDC) is an independent not-for-profit, membership based organization dedicated to the economic development of Montgomery County. The mission of the MCDC is to promote the growth of business, industry and civic welfare in Montgomery County, Pennsylvania and to facilitate the exchange of information between and among businesses, industry and the governmental institutions