2009 EDC & EDC Finance Corporation
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Economic Development Company of Lancaster County EDC Finance Corporation 2009 Annual Report PEOPLE. PROGRAMS. PROJECTS. PROSPERITY. PEOPLE & PARTNERS You’re the common catalyst to success in Lancaster’s economic development. And no partnership is more important David Nikoloff, President of EDC than that formed with our Membership and EDC Finance, will conclude by and volunteers who, while working discussing how these differences tirelessly and often unnoticed, enable contribute to the Progress and Prosperity us to collectively make positive change of Lancaster County. and significant achievement possible. I now pass the leadership baton to As outgoing EDC Board Chair, I wish David Keller, who on the next few pages to personally thank each of you for will review strategic Programs he will your dedication and support, and lead as EDC’s next Board Chair. Please would like to acknowledge your join me in welcoming David. involvement and leadership by including our Membership List front and center in this report. The list’s I am pleased to introduce prominence here is but a small reflection the 2009 EDC and EDC Finance of your value and importance. You have Corporation Annual Report. As you Made the Investment in EDC and that Nancy S. Arnold, review it and reflect back on a year of investment will continue to Make a 2007-2008 EDC Board Chair accomplishments and milestones, I believe Difference in our community. Partner, Reinsel Kuntz Lesher LLP you’ll agree that Lancaster County is To a large extent, we are able to indeed fortunate to have such proactive quantify the projects that make such a organizations serving our local business difference to our business men and and agriculture communities with their women, farmers, families and community. economic development endeavors. John Rose, Board Chair of EDC Finance As notable as these efforts surely are Corporation, will review 2008 Project — whether rural or urban, large or small, activity later in this high-profile or mom-and-pop — an report. economic development project’s true success is determined by the dedicated people behind it and their ability to partner with other organizations and community members. People in partnership drive successful economic development. Mission Statement The Economic Development Company of Lancaster County and EDC Finance Corporation, collectively “EDC,” work to enhance the physical and economic well-being of Lancaster County, Pennsylvania by bringing together the essential elements affecting modern business — human resources, capital and government — in an environment of responsible and orderly change. COVER: Hershey Farm, Rapho Township; PK Machine, Pequea Township; Hardy North America, West Hempfield Township; Liberty North, City of Lancaster; Northwest Gateway Project (redevelopment of former Armstrong World Industries), City of Lancaster 2 l 2009 Annual Report MEMBERSHIP Economic Development Company of Lancaster County FOUNDERS BUILDERS SPONSORS $50,000 annually $25,000-$49,999 annually $15,000-$24,999 annually PARTNERS Carel USA Rettew Associates $7,500-$14,999 annually Certified Carpet Rhoads Energy Auntie Anne’s Charter Homes & Neighborhoods Ross Buehler Falk & Company D&E Communications City of Lancaster R.R. Donnelley Horst Group Clair Brothers Audio Systems Sechan Electronics M&T Bank Commerce Bank Select Security PNC Bank Conewago Industrial Park Simon Lever Turkey Hill Dairy Conrad Siegel Actuaries Stevens & Lee Union National Community Bank CoreSource Stoner, Inc. MEMBERS Cornerstone Design Architects StoudtAdvisors David Miller/Associates Success Performance Solutions $3,500-$7,499 annually The Drogaris Companies Thaddeus Stevens College of Technology Barley Snyder Dutchland Triple H Construction Citizens Bank Eastern Alliance Insurance Group Trout, Ebersole & Groff Flyway Excavating ELA Group/Land Grant Surveyors Vanguard Development Group Franklin & Marshall College Elizabethtown College Versatek Enterprises Harrisburg Area Community College Engle-Hambright & Davies Walz, Deihm, Geisenberger, Bucklen & Tennis Hartman Underhill & Brubaker Ephrata Community Hospital Weinstein Realty Advisors Herley Industries Fidelity National Title Insurance Company Wickersham Construction and Engineering Horst Realty Friendly Transportation Willow Valley Associates IBS Development Graystone Bank Intelligencer Printing Hamilton Precision Metals SUPPORTERS Irex Corporation HomeTowne Heritage Bank Mars Snackfood US $500-$1,749 annually JC Snavely & Sons Millersville University of Pennsylvania (municipalities and non-profit community J. Walter Miller Company and economic development organizations) Paul Risk Associates The Jay Group Providence Engineering Corporation ASSETS Lancaster Johnson & Johnson Consumer Group Columbia Borough Reinsel Kuntz Lesher of Companies Commercial & Industrial Real Estate School District of Lancaster Kasun Development Council/LCAR Sovereign Bank Kellogg Company Community First Fund Warfel Construction Company Lancaster Barnstormers/Keystone Baseball The Family Business Center Wohlsen Construction Company Lancaster County Career and at Elizabethtown College Wonderland Amusement Management Technology Center Housing Development Corporation Lancaster Regional Medical Center Kutztown University Small Business ASSOCIATES Martin Limestone Development Center (SBDC) $1,750-$3,499 annually Meadow Valley Electric/ESCO Lancaster County Workforce Investment Board Abel Construction Company Mount Joy Wire Corporation Lancaster Downtown Investment District Acuity Advisors and CPAs Murray Risk Management and Insurance Authority (DID) Alcoa Mill Products Murry Management Company Library System of Lancaster County American Home Bank Manheim Area Economic Development Appel & Yost NAI Commercial Partners National Bearings Company Corporation B.R. Kreider & Son Manheim Township Benchmark Construction Company Nikolaus & Hohenadel Northwest Savings Bank Mount Hope Nazerene Retirement Community Beyond Architecture Mount Joy Borough Authority Bowser Construction Company Radnor Property Group Realty Settlement Services Pennsylvania Dutch Convention Brown Schultz Sheridan & Fritz & Visitors Bureau (PDCVB) Burnham Holdings Redcay Development Company 2009 Annual Report l 3 PROGRAMS Achieving our strategic goals requires outreach and collaboration, persistence and innovation. In addition to these established formal Membership programs, many of EDC’s undertakings EDC recently launched an ambitious involve functions that often go unnoticed. rolling Membership Campaign to address They require time, sometimes years to the expanding demands placed on evolve, but in the end make a significant staff in assisting our local business and positive impact on our community. For agriculture communities. example: EDC’s Membership is critical to the • EDC assisted two international economic vitality of Lancaster County. companies, GlaxoSmithKline in East Membership support allows staff to avail Donegal Township and, more recently, themselves of as many opportunities as Hardy & Greys in West Hempfield Township, with their location possible in assisting our local business men, women and farming families to These are interesting times for efforts in Lancaster County grow their operations and improve their Lancaster County. As we all know, • EDC has been working with quality of life so that we all, as a community, economic development is not what it the urban areas of Columbia, benefit. If you are not already a member, used to be. From the early days of Lititz, Elizabethtown and please consider joining us. smokestack chasing to the knowledge- Mount Joy to address functionally based retention and attraction practices obsolete commercial and industrial of today, EDC has grown and evolved properties apace. Today, EDC remains cutting-edge • EDC continues to facilitate with its vision and ability to strategize community development and initiate programs in order to help projects that jump- Lancaster County businesses remain start economic competitive. improvement, such EDC and our partners continually as the Northwest assess economic challenges and opportunities Gateway project in Lancaster City and address areas of need or concern. One avenue is through the LancasterProspers initiative. The Business Retention and Expansion Program program gives us a more individualized, personal under- David R. Keller, Esq. standing of the local business climate. 2009-2010 EDC Board Chair Later in this Report, John Rose, Board Partner, Barley Snyder Chair of EDC Finance, will mention two incentive financing programs, the LancasterProspers Urban Capital Fund/Building PA and the SBA 504 programs, which qualified business men and women can take advantage of this year because last year EDC Finance staff aggressively and persistently sought loan program administration approvals. 4 l 2009 Annual Report LancasterProspers Revisited William Griscom, EDC and EDC Finance Thaddeus Stevens College of Technology In 2008, the LancasterProspers Corporation Joint Committees Dan Heller, Flintrock Farms Steering Committee released the STRATEGIC PLANNING It started LancasterProspers “Revisited” report, Craig Lehman, Commissioner, with a simple, eight-page strategic plan Leading with Vision: Successes, Lancaster County drafted in 1990 that established EDC Challenges & A Plan for Moving Wendy Nagle, Bird-In-Hand as the growing, engaged organization Forward. It summarized the challenges Corporation it is today. Now, as EDC’s role in the encountered and achievements obtained David Nikoloff, Economic Development