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"
Incoterms
® In Practice" Webinar
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Thursday, January 30, 2020
10:00 - 11:30 AM
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Learn what has changed with Incoterms®2020 and how to apply the new terms to your advantage.
The Incoterms® rules are the world's essential terms of trade for the sale of goods. Whether you are filing a purchase order, packaging and labeling a shipment for freight transport, or preparing a certificate of origin at a port, the Incoterms
®
rules are there to guide you. The Incoterms
®
rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis.
You may know the definitions of
Incoterms® 2010, but do you know what has changed with
Incoterms® 2020 how to apply them? Many programs present the definitions of
Incoterms® but only provided a few select ways to apply them. This program will provide not only an understanding of the definitions but actual examples of using
Incoterms® to your advantage in purchase orders, sales agreements, and even letters of credit. Not using the best term in the proper context can be costly. Don't realize your mistake when it is too late.
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Member Spotlight
Finch Manufacturing & Technology |
This month's membership spotlight features Finch Manufacturing & Technology, LCC (FMT), a West Pittston-based manufacturing company. Established in 1855, FMT certainly has a history of quality machinery manufacturing.
We spoke to Michael Brown, General Manager, who shared Finch Manufacturing & Technology's wide range of services.
Finch Manufacturing & Technology manufactures, repairs, and assembles large equipment parts, components, and systems with expertise in rotary processing equipment such as industrial kilns and dryers.
Not only is FMT a leader in producing large wheels, shafts, thrust rollers and trunnions, they also manufacture numerous categories of heavy-duty equipment and make parts in a range of sizes. From reverse engineering of components to welding to even lock repairs, FMT does it all in a cost-effective and customer focused manner while delivering on-time. They exceed their customers' expectations by providing real world solutions.
With a proven track record of helping their customers in urgent production situations, FMT truly lives up to their motto of "In a Pinch, Call Finch".
Brown stated, "As a small SDVOSB business, competing against some international OEM's, NEPA has provided us with some critical services like PTAC, grants/funding, and financing options. NEPA's ability to introduce us to other organizations has been extremely important to Finch."
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NEPA Alliance has several loan programs available for small businesses located in Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne counties.
These low cost, low interest loans offer reduced down payments and standard loan term maturities for machinery and equipment, land and building acquisition, construction and renovation. Loan rates are fixed and generally below the prime lending rate.
Eligible businesses include Manufacturers, Industrial, Agriculture/Agribusiness, Hospitality & Tourism Related Enterprises, Recyclers, Day Cares, Computer Related Services, Advanced Technology, and Retail and Service Related Businesses. Other business sectors may also qualify.
Recently Funded Loans
Vet Clinic - Honesdale, PA
- This Tri-District and NEPA RLF Loan was completed in partnership with Wayne Bank for the purchase of equipment.
Diner - Eynon, PA
- The ARC Loan was completed in partnership with Fidelity Bank for the purchase for commercial real estate.
 NEPA Alliance Business Finance Corporation is a state-wide CDC allowing for NEPA BFC to lend SBA 504 Loans to eligible small businesses located in the state of Pennsylvania.
Financing Structure
A bank or other lender finances 50% of the project cost and takes a first lien position on the assets financed. The SBA 504 loan  finances 40% of the project cost, up to $5.5 million, and takes a second lien position. The borrower then contributes a down payment of as little as 10%.
Small Businesses can Receive:
- Subordinate Financing
- Up to 90% Loan to Value
- Up to $5.5 Million in SBA Financing
- Unlimited Total Project Cost
SBA 504 Loans Offer:
- As Little as 10% Equity Injection
- Terms up to 25 Years
- Guaranteed Fixed Interest Rate
*Eligibility Criteria Apply*
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WE HAVE TRANSITIONED - WELL ALMOST
Let's start at the beginning: What is beta.SAM.gov? It is a production website becoming the centralized authoritative source of federal award data, consolidated from ten legacy systems.
When the consolidation is complete, a user will be able to seamlessly leverage vast stores of data, discover a wide range of award opportunities and make more informed and effective award decisions. It will provide a powerful search and reporting tool, and one workspace for managing work.
Presently,
www.SAM.gov has not changed. It is still the portal to go to if a company wants to be able to do business with the federal government. Initial and updated registration processes remain the same.
When you go to
www.beta.SAM.gov, the folding in of several legacy systems has taken place. On this site you will find:
- Contracting Opportunities - this is FBO at its new home.
- Wage Determination Tables - this is wdol.gov at its new home.
- Federal Assistance Listings - this is the new home for the Catalog of Federal Domestic Assistance.
Once again, at this time SAM.gov has not migrated over. When it does the "beta" will be dropped on the consolidated website currently in use. At some point in the future the new site will incorporate all the functions of SAM.gov. The term "beta" is being used now to differentiate between the two sites.
The burning question we receive: "What can I do now to prepare?"
We advise PTAC clients to continue to use the legacy system until it is retired and you are notified and redirected to
beta.SAM.gov. Stay up to date with email address and password associated with your current legacy system account(s). Keep in mind passwords generally expire every ninety days. And, most importantly, once the legacy system migrates over to
beta.SAM.gov do not hesitate to "play" in the system. Browse the new platform. There may be some confusion, and if you run into any - do not hesitate to call your PTAC counselor at 570-655-5581.
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February 24-28, 2020
Deadline: December 6, 2019
March 16-20, 2020
Deadline: December 15, 2019
March 29 - April 3, 2020
Deadline: December 31, 2019
Hong Kong (also covering Japan, Korea, Thailand & Vietnam)
April 20-27, 2020
June 1-5, 2020
Deadline: February 18, 2020
June 7-12, 2020
Deadline: February 28, 2020
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PennDOT Green Light-Go Program Now Open
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PennDOT is currently accepting applications for funding through Green Light-Go Program.
Applications are due by January 10, 2020. Funding can be used for a range of operational improvements to existing traffic control signals located in Pennsylvania. These improvements include LED replacement; traffic signal retiming; study and removal of existing traffic-control signals; monitoring; and innovative technologies. Any county, city, borough, incorporated town, township or home rule municipality or any metropolitan planning organization or rural planning organization may apply. A 20% match is required. More information can be
found here.
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| Local Technical Assistance Program |
 The Northeastern Pennsylvania Alliance (NEPA) and PennDOT have partnered to offer the Local Technical Assistance Program (LTAP) training series in the NEPA Metropolitan Planning Organization (MPO) region, which includes Carbon, Monroe, Pike and Schuylkill counties, as well as the Lackawanna-Luzerne MPO region and Wayne County.
Introduction to Traffic Studies
Wednesday, December 18, 2019
8:00 a.m. - 12:00 p.m.
Middle Smithfield Township Building
147 Municipal Drive
East Stroudsburg, PA 18302
To register, visit
www.ltap.state.pa.us
and log on using your username and password. First time users must set up an account by clicking on "Create Account." For technical assistance when registering, call 1-800-FOR-LTAP (1-800-367-5827) or contact
Kate McMahon
, Senior Transportation Services Manager, NEPA Alliance at 570-655-5581, ext. 249 or
kmcmahon@nepa-alliance.org.
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Free Phone System for Nonprofit
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Is your organization looking for a phone system or components?
The system is a Nortel Norstar Modular ICS 6.1. Components include the base system with expansion modules, voicemail, operator console and numerous desk sets.
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Did you know that the Pennsylvania State Data Center recently updated, with 2017 data, their "Healthcare in Pennsylvania" report? Click here to read more about how healthcare coverage has changed since 2010. To use their accompanying dashboard in obtaining data at the county level, click here.
For additional information, contact
Steve Zaricki at
570-655-5581,
ext. 258, or 866-758-1929.
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"This institution is an equal opportunity provider and employer."
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