Dunmore Hospitality Group, Inc. Receives Loan
Northeastern Pennsylvania Alliance (NEPA) held a media event with Dunmore Hospitality Group, Inc.
Dunmore Hospitality Group, Inc. received a Small Business Administration (SBA) 504 loan through the NEPA Alliance Business Finance Corporation for the refinance of commercial real estate and furniture fixtures & equipment at the 1226 O'Neill Highway, Dunmore, PA 18512 location.
Dunmore Hospitality Group, Inc. is majority-owned and operated by Hament Patel. The location operates as a limited service, 4-story, 75-guest room hotel in Lackawanna County directly off of Exit 188 on Interstate 81. Using the SBA 504 Loan Program, Dunmore Hospitality Group, Inc. was able to refinance their conventional commercial mortgage with an extended term loan on the SBA 504 portion of the financing. This debt refinance project was completed in partnership with The Dime Bank for the overall financing.
NEPA Alliance is a full service economic development lender offering twelve (12) low interest loan programs for job creation and job retention in our region.
|
|
Pictured from left: Donovan Klem, NEPA Alliance; James Urso, NEPA Alliance; Bill Davis, Representative Kyle Mullins’ Office; Jeffrey Box, NEPA Alliance; Jack McNulty, NEPA Board of Directors; Jament Patel, Dunmore Hospitality Group Inc., Brian Doughton, Senator Marty Flynn’s Office; John Blake, Congressman Matt Cartwright’s Office; Chase Holl, Dime Bank; and Maurice Dennis, Dime Bank. |
|
Member Spotlight
Ashley Machine & Tool Company
|
|
This month’s membership spotlight is Ashley Machine & Tool Company. NEPA spoke with John J. Mulhern, Jr., President/CEO.
Ashley Machine & Tool, founded in 1945, is a full-service machine shop offering a range of CNC machines of various sizes and capabilities. They currently concentrate on the aviation, space and defense industries but are diverse enough to help many others as well. Through their history, they have produced parts for various commercial and military aircrafts, carrier fleet catapults and the Lunar Modules.
Ashley Machine does not provide products directly to the local area, but the Mulhern family is passionate about the community. They try to send any work they need done to other local businesses. If any local businesses need their help, they also strive to do as much as they can. Ashley Machine also likes to assist local nonprofit agencies and often makes donations to many local sporting and educational organizations.
Ashley Machine is interested in developing lean, repeatable quality processes and maintaining on-time delivery for their customers. These two key factors, along with promoting employee growth, have made them successful.
Mr. Mulhern stated, “Ashley's short affiliation with NEPA has been very helpful. In a short time, we've taken advantage of webinars, networking opportunities, connections to government bids, and finance assistance for plant additions and renovations. I know I can contact anyone at NEPA and be guided in the proper direction.”
|
|
Northeastern Pennsylvania Alliance Announces New Staff Members |
|
Jeffrey Box, President & CEO of the Northeastern Pennsylvania Alliance (NEPA), is pleased to announce that Cassandra (Cassie) Kizis and Shanice Edwards have joined the staff as Community & Economic Development Specialists. |
|
Cassie will be responsible for assisting the Business Development Services Division in the deployment of economic development initiatives, reviewing loan and grant fund applications and researching new initiatives.
Cassie earned her bachelor’s degree in Geography from Penn State University. She resides in Dallas.
|
|
Shanice will provide technical, program and administrative support towards the delivery of programs and services, managing multiple contracts, priorities and deadlines within the Community & Economic Development Services Division.
Shanice earned her bachelor’s degree in Art & Design from East Stroudsburg University and is pursing a master’s degree from Drexel University. She resides in Dunmore with her husband.
|
|
Get Connected Program Has Openings
The Get Connected program, an eCommerce program for small businesses to improve their website presence and increase online sales, is actively seeking applications. Information about the program and an application intake form is available here.
As part of the eligibility requirements, candidate firms must complete two online trainings that were developed by the Small Business Development Centers at The University of Scranton and Wilkes University. Registration for the first training is here. To be considered for the first come first serve program, please complete the application intake form and the first training. NEPA is grateful to the Pennsylvania Department of Community & Economic Development and the Lackawanna County Board of Commissioners for their continued financial support of this program.
|
|
NEPA Alliance Membership Campaign |
|
NEPA Alliance is conducting its annual membership campaign.
The NEPA Alliance values the opportunity to work with all stakeholders in our seven-county region. Our goal is to provide the best possible community and economic development services to create and retain jobs in Northeastern Pennsylvania.
Membership Benefits
- FREE Networking Reception Invite for 1 Person
- FREE Use of Meeting Space
- FREE Member Spotlight
- Discount on NEPA event costs
- Discount on Business Loan (.5%)
- Discounted Economic Impact Analysis/Research
- Sponsorship & Marketing Opportunities
NEPA Alliance serves businesses, communities and governments throughout seven counties and we need your assistance!
Our general annual membership starts at $275.
You can complete your membership online, including payment by clicking the button below.
|
|
Need more information visit our membership hub or contact Donna Hritz at [email protected] or call 570-891-4666.
|
|
Classification Under the U.S. Harmonized Tariff & Schedule B Webinar
Thursday, June 9, 2022 - 10:00 AM to 11:30 AM
An understanding of the Harmonized System is essential for importers and exporters alike. Proper classification under the Harmonized Tariff Schedule or Harmonized Schedule B is a regulatory requirement under the Customs Modernization Act and export controls.
This program will provide those new to importing or exporting, as well as the seasoned professional, with a solid understanding of the classification process. It will also benefit anyone involved in determining eligibility for Free Trade Agreements. We will also discuss how this affects the “Countervailing Duties” on goods from China and other origins.
How you will benefit:
- Understand the Harmonized System and when to use the Harmonized Tariff or Schedule B
- Master the General Rules of Interpretation, General Notes, and Trade Preference Provisions to correctly classify your imports for advantageous duty rates
- Learn how product modification, trade agreements, and preference programs can reduce the amount of duty paid
- Learn how to obtain classification ruling from U.S. Customs & Borders Protection or other government agencies
- Learn what “tools” are available to assist with your classification process
- Avoid fines, penalties, overpayment of duties, and other regulatory compliance problems
Who will benefit:
- Importers and exporters and their staff who are involved in purchasing, traffic, logistics, coordination with customs brokers, or Electronic Export Information (EEI) filings
- Customs brokerage personnel looking to expand their knowledge
- International freight forwarders seeking a better understanding of the import process
The webinar will be presented by Bob Imbriani, Executive Vice President, International, Team Worldwide.
|
|
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
Summer Camp – Thompson
- This NEPA SBA 504 loan project was completed in partnership with The Dime Bank for the refinance of existing commercial mortgages.
Limited Service Restaurant – Lehighton
- This NEPA USDA RLF loan project was completed in partnership with Wayne Bank for the purchase of commercial real estate and equipment.
|
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 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*
|
Doing Business with PennDOT Webinar Series
The registration for the final PennDOT Webinar is still open. The PTAC Team wants to ensure that you take advantage of the ProRank Business Solutions – Pennsylvania DBE Supportive Services session to further your ability to do business with PennDOT.
Session 3 - Innovative New Supportive Service Center resources to make contacts and find opportunities
|
Tobyhanna Army Depot Virtual Industry Day 2022
The NEPA Alliance PTAC Team wants to make sure you save the date on your calendar for the following Virtual Industry Day being hosted by Tobyhanna Army Depot:
TITLE OF EVENT: 2022 Tobyhanna Army Depot Virtual Industry Day
AUDIENCE: Industry Representatives, Prospective Vendors, and Large and Small Business with a focus on service and supply related industries.
MISSION: Tobyhanna Army Depot is a recognized leader in providing world-class logistics support for Command, Control, Communications, Computers, Cyber Intelligence, Surveillance and Reconnaissance (C5ISR) Systems across the Department of Defense (DoD). The Depot's Corporate Philosophy, dedicated workforce and electronics expertise ensure the depot is the Joint C5ISR provider of choice for all branches of the Armed Forces and our industry partners. Tobyhanna's unparalleled capabilities include full-spectrum support for sustainment, overhaul and repair, fabrication and manufacturing, engineering design and development, systems integration, technology insertion, modification, and global field support to our Warfighters.
WHEN: Thursday, June 16, 2022, commencing at 9:00 AM (ET)
WHERE: Virtual - Microsoft Teams. Here is the link to the event: TYAD
TOPICS: Event agenda is under development and will be posted soon HERE.
REGISTRATION: Attendees are encouraged to register and registration is free. You can access it HERE.
DESCRIPTION: Tobyhanna Army Depot invites businesses to attend the 2022 Tobyhanna Army Depot Virtual Industry Day on Thursday, June 16, 2022, starting at 9:00 a.m. The purpose of this forum is to provide our industry partners an avenue to learn about the mission of Tobyhanna Army Depot and to encourage an open dialogue and exchange of information and ideas. Industry will hear from the organization’s leadership and gain insight of Tobyhanna’s strategic and operational objectives. The forum will also educate industry how to do business with us and learn about upcoming contract opportunities. The audience will be able to submit questions through the chat.
Agenda topics include contract opportunities through Installation Services, Mission Operations, and through Computers, Hardware, Enterprise Software Solutions (CHESS). Attendees will also learn how to provide supplies to the Depot through the Base Supply Center and what we purchase by credit card.
You can access the latest Tobyhanna Division FY22 Fair Opportunity Forecast by clicking HERE and scrolling down to the Attachments.
EVENT POINT OF CONTACT: If you have any questions regarding the event or this public notice, please send an email to Mr. David Kern, Small Business Professional, [email protected]. Please reference Industry Day in the subject line.
If you need support on the above or a government contracting opportunity you are working on, please do not hesitate to contact the PTAC Team at: 570-655-5581 and select option 2.
|
Guide to Marketing to DoD (online resources)
We all know there is an abundance of resources available online and the ability to drill down to the content you are searching for can get overwhelming. The PTAC Team would like to take this opportunity to share the following resource with you which is content rich (some dated) with relevant information to do business with the United States Department of Defense (DoD): “Guide to Marketing to DoD”.
The Step-by-Step Guide offers the path to follow to start your DoD engagement. On the right side of the page in the Links section, we would like to bring your attention to the first item: “The Defense Acquisition Toolkit”. The link brings up an infographic rich with hyperlinks. For example, The Attend an Event section has a hyperlink to the Air Force Pitch days (none listed for 2022).
If after you explore this resource and it generates questions or calls to action that we can assist you with, do not hesitate to contact the PTAC Team for support at: 570-655-5581 and select option 2.
|
Automated Red Light Enforcement Grant Round
Application Deadline is June 30
|
PennDOT began accepting applications for funding under the Automated Red Light Enforcement (ARLE) Program on June 1, 2022. The ARLE Program is a statewide competitive grant program using the revenue generated from Automated Red Light Enforcement (ARLE) violations.
Eligible applicants include local authorities (counties, municipalities and other local boards or bodies having authority to enact laws relating to traffic), Metropolitan Planning Organizations (MPOs), Rural Planning Organizations (RPOs), County Planning Organizations and Commonwealth Agencies. The types of eligible projects are very wide-ranging and the intent of the program is to fund worthwhile projects that can be completed at a relatively low cost. The deadline to apply is June 30, 2022. To learn more, click here.
|
The Northeastern Pennsylvania Alliance has partnered with PennDOT to offer the Local Technical Assistance Program (LTAP) training series in all seven NEPA counties: Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne counties.
NEPA is currently scheduling in-person classes for Summer and Fall 2022. If you are interested in requesting a class for your municipality, please contact Daniel Yelito, Transportation Services Manager, NEPA Alliance at 570-891-4652 or email [email protected].
LTAP is also continuing to offer some courses, webinars and drop-in sessions in an online format. To learn more about upcoming virtual offerings, click here.
|
Looking for New Nonprofit Grant Opportunities? |
Don’t forget that NCAC Members receive remote access and assistance in accessing the Foundation Directory Online, the most comprehensive foundation database. With access to informative profiles of over 235,000 U.S. foundations, you’ll know exactly which foundation fits your programmatic needs, how much to ask for and where to go for more information. Don’t forget that we’re here to help with all your nonprofit needs! For more information on this service, as well as membership benefits, contact Betsy Ardizoni, Community Services Manager for NCAC, at [email protected] or 570-891-4662. |
|
Did you know that the U.S. Census Bureau recently released July 1, 2021, population estimates at the municipal level? To access a Data Brief that includes a link to an interactive map from the Pennsylvania State Data Center click here.
For additional information, contact Steve Zaricki at 570-891-4671 or 866-758-1929.
|
|
"This institution is an equal opportunity employer." |
|
|
|
|
|
|
