the INDICATOR
Member Spotlight 
 
Health Mats
Health Mats Pink Ribbon Fundraiser Returns 

October is right around the corner, so the Health Mats Pink Ribbon Fundraiser is back! Kris Smith invites MCDC members to contribute to the Health Mats annual Pink Ribbon Courage Fundraiser. If your company would like to make a donation for this cause - we will be accepting donations until September 28th!
 
 
Business Development | Marketing Manager
484-487-2496 or kris@healthmats.com

Please let me know if you would like more information about our fundraiser - or our dependable mat programs!!
Upcoming Events
 

MCDC Members -- Save the Date!  
Monday, October 22, 2018 -- 5:00 - 8:00 PM
MCDC Member Appreciation Day & Annual Meeting
Details Coming Soon

Featured Property
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2750 Morris Road, Lansdale

·          Located in Lansdale, 2750 Morris Road currently has 103,842 - 297,044 SF of warehouse / manufacturing space available for lease which can be demised to 36,821, 67,021, 139,848 and 157,196 SF. The property is equipped with heavy power, is fully conditioned and humidity controlled, and has a functional layout which makes It a good fit for both warehousing and manufacturing companies. The property is owned by institutional owners and is well maintained, including a new roof which was installed in 2015. Brochure
·         2750 Morris Road also has up to 85,444 SF of office space available for lease within the building that can be demised down to 5,000 SF units. Brochure

Jonas L. Skovdal, 610-772-2005
Jeffrey Williams, 610-729-3009 

411 Feheley Drive, King of Prussia - Brochure
1,800 S/F Available for Lease

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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Continental Realty Co., Inc.:  +/- .91 Acre Redevelopment Site 
Eastern Montgomery County Chamber of Commerce:  News and Events
The Chamber of Commerce for Greater Montgomery County:  News and Events
Montgomery County Chamber of Commerce:  News and Events
TriCounty Area Chamber of Commerce:  News and Events

 MCDC Members, submit your company press release, event or listing for the next newsletter to jotto@montcopa.org (subject to approval).
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!
 
44 Business Capital - member since 2009
Almac Group, Inc. - member since 2007
Carroll Engineering Corporation - member since 2017
CBIZ, Inc. - member since 2009
Colliers International - member since 1975
The Galman Group - member since 2017
Health Mats - member since 2016
Indian Valley Appraisal Company - member since 2014
Irwin & Leighton - member since 2017
jBH3 & Associates, Inc. - member since 2013
IQnection Web Marketing - member since 2016

 
Kistler Tiffany Benefits - member since 2017
The Lewis Group - member since 2016
MRA Realty, Inc. - member since 2017
Premier - member since 2012
R.J. Linus Steel Services, Inc. - member since 2010
The Sharp Financial Group - member since 2016
TD Bank - member since 1999

Financing 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.
 
The current Guidelines for the MCOLP program can be found HERE. 

Contact: Cathy Lawrence, Loan Officer - clawrenc@montcopa.org or
Kelsey Mattson, Business Assistance Coordinator - kmattson@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 PIDA-MELF Fund (Machinery & Equipment Loan Fund), the lending limit for equipment loans has been reduced from $5,000,0000 to $400,000.  This applies to newly submitted loan applications moving forward. 

The current guidelines for the PIDA program can be found HERE

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: Cathy Lawrence, Loan Officer - clawrenc@montcopa.org or
Kelsey Mattson, Business Assistance Coordinator - kmattson@montcopa.org   
MCDC's Supporting and Investor Members
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Almac






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