100 South Queen St, PO Box 1558
Lancaster, PA 17608-1558
p : 717-397-4046
f : 717-293-3159

www.edcfinancecorp.com

News & Events

News

Farmer Loan Program Milestone

Intelligencer Journal / Lancaster New Era; May 28, 2012

by P.J. Reilly

The Next Generation Farmer Loan Program, administered by EDC Finance Corporation, in Lancaster and Chester counties awards 100th loan since the program was introduced here in 2000.  more ...more ...

Engineering Firm Relocates to Former Just Cabinets Building

Intelligencer Journal / Lancaster New Era; May 2, 2012

by Tim Mekeel

EDC Finance Corporation aids local engineering firm with acquiring a Small Business Administration 504 Loan to expand their business at a new location.  more ...

Spreading Ivy

Custom cabinetry firm buys former Herr & Sacco property to replace leased site it has occupied since its start in 2005

Sunday News; March 25, 2012

by Tim Mekeel

EDC Finance Corporation assists Ivy Creek Custom Cabinetry in acquiring a 46,000 square foot facility through a Small Business Administration 504 Loan.  more ...

4th-Generation Distributor Relocates to Columbia

Intelligencer Journal / Lancaster New Era; March 20, 2012

by Bill Clark

Gorman Distributors, a business new to Columbia Borough, purchased and renovated a silk mill in order to build and expand their business.  more ...

Worth Advertising

Former factory building is restored for Weber Advertising & Marketing Inc.

Sunday News; May 22, 2011

by Paula Wolf

EDC Finance Corporation assists local company to access funding for the purchase and renovation of a former factory building that will provide a much larger facility for their expanding advertising and marketing business.  more ...

 

Area EDCs push SBA refinancing program

Central Penn Business Journal

April 29, 2011

by Tim Stuhldreher

EDC Finance Corporation gets the word out about the new and temporary SBA 504 Refinancing program.  more ...

 

SPECIAL EVENT

SBA 504 Refinance
Information Meeting & Breakfast

April 12, 2011

7:30 a.m.-8:30 a.m.

Lancaster Country Club, 1466 New Holland Pike

An information seminar for all who are interested (especially business owners, bankers, accountants and attorneys) in learning about the temporary SBA 504 refinance opportunities.  A Q&A session and free breakfast are included. 

pdfClick here to read more about SBA 504 changes and the temporary refinancing option.

pdfClick here to access the slides from the April 12, 2011 seminar.

 

Northwest project makes Top 10 list

Intelligencer Journal / Lancaster New Era

April 7, 2011

The Lancaster Northwest Gateway Project has been honored as one of the nation's 10 best brownfield-revitalization efforts by the nonprofit Phoenix Awards Institute.  more ...

 

Ag Lenders Say They're Back in Business

Lancaster Farming
Dick Wanner, Reporter

February 26, 2011

Lyle Hosler, project manager for EDC and EDC Finance Corporation is one of several speakers at the February Ag Issues Forum.    more ...

 

New Group Sharpens Focus on Lancaster Agriculture

Lancaster Farming
Dick Wanner, Reporter

February 22, 2011

Lyle Hosler, project manager for EDC and EDC Finance Corporation is member of newly formed Lancaster County Agriculture Council.    more ...

 

INTRODUCTORY SEMINAR:
Lancaster County Recovery Zone Facility Bond Program

JOIN US on Friday, February 19 to learn how tax-exempt Recovery Zone Facility Bonds can benefit Lancaster County economic development projects in 2010. (event details & registration) 

Click here for a printable Recovery Zone map .

. . .

Recovery Zone Here Aims to Create Jobs

Intelligencer Journal / Lancaster New Era
P.J. Reilly, staff writer

January 29, 2010

Privately owned economic development projects located within designated "Recovery Zones" can take advantage of a limited time tax-exempt new funding tool.   more ...


ATTENTION: Business, Government and Economic Development Professionals ...
Lancaster County Job Summit

Register now for the Lancaster County Job Summit on March 26, 2010 from 7:30-10:00 a.m. at the Eden Resort Inn in Lancaster. details (PDF) ...

 

NEWS FLASH!   November 12, 2009

First Industries Fund Open For Business
Lancaster County Ag Financing Source Is Recapitalized

EDC Finance Corporation was notified today by the PA Department of Community and Economic Development that the First Industries Fund loan program for agriculture projects has been recapitalized and is now available to accept funding requests.

 

SBA on YouTube

The recently launched Small Business Administration (SBA) YouTube channel includes an introduction to the SBA and its programs and services, as well as a ten-part "Delivering Success" series.  Visit the site often for updates and expanded information.

 

Northwest Gateway Dedication Ceremony
COMMENTS:
John H. Rose, EDC Finance Corporation Board Chairman

October 9, 2009

John H. Rose, EDC Finance Corporation Board Chairman, speaks at the Northwest Gateway Dedication Ceremony as project partners celebrate the completion of the redevelopment efforts of the 47-acre former Armstrong World Industries industrial complex. 

 

LUNCH EVENT
"Let's talk business financing over lunch (our treat) . . .
  and how EDC Finance can help."

Business Financing Discussion & Lunch
Thursday, October 8, 2009
Click here for invitation/registration (PDF).

 

Lancaster Leaf staying, expanding.  State helps finance $11.5M expansion to keep tobacco company here.

by Tim Mekeel
September 3, 2009 Intelligencer Journal/Lancaster New Era

EDC Finance helps to secure the financing package for Lancaster Leaf Tobacco Co. to remain and expand here.

 

Development Program Improves Terms

by Tim Mekeel
July 7, 2009 Intelligencer Journal/Lancaster New Era

Thanks to lower equity requirements and increased funding, it's now easier for local businesses to get state help for expansion projects through the Pennsylvania Industrial Development Authority (PIDA) program.

 

Fund Fills Up:  Surging demand halts applications to low-interest loan program

by Paula Holzman
June 18, 2009 Central Penn Business Journal

Read about the most recent developments of the very popular First Industries Fund for agriculture and tourism.

 

The Crossroads of Economic Development and Agriculture

by Lyle Hosler, project manager
Economic Development Company of Lancaster County (EDC)

January 3, 2009 Lancaster Farming

Lyle Hosler presents a brief overview of the services that EDC and EDC Finance Corporation provide to the county's production agricultural community to help them grow and remain competitive.

 

PRESS RELEASE:   PA Continuing Its Support for Agriculture, Tourism with Latest First Industry Fund Investments, Says Governor Rendell  

October 7, 2008
Sixty-two projects will inject $59 million into state's economy.In Lancaster County, EDC Finance Corporation administers the First Industries Fund loan program.

PRESS RELEASE:   State Investments Helping to Develop, Strengthen Neighborhoods, Says Gov. Rendell

October 7, 2008
Funds to help make $33.6 million in projects possible for Harrisburg, Lancaster areas. 

EDC Finance Corporation obtained fund manager status by the Commonwealth of Pennsylvania, to administer Building PA funds through the LancasterProspers Urban Capital Fund Program

Groff Family Plans New City Funeral Home

October 8 , 2008 Lancaster New Era
EDC and EDC Finance Corporation assist 1 start-up business, 2 developers and 10 Lancaster County farms access state funding programs, facilitating economic growth county-wide. 

In addtion, the state allocates an additional $3.7 million to replenish EDC's allotment of Building PA money through its LancasterProspers Urban Capital Fund

Farm Loan Program Surges

July 24, 2008 Intelligencer Journal
Six farm families approved for Next Generation Farmer Loan Program loans, a funding source that has recently nearly doubled. EDC Finance

Corporation administers the program for Lancaster County.

SPOTLIGHT: Next Generation Farmer Loan Program

June 2008 PAgrows Insider
The Pennsylvania Department of Agriculture's quarterly e-newsletter spotlights the Next Generation Farmer Loan Program and a Lancaster County, PA project assisted by EDC Finance Corporation.

EDC Offering Broader SBA Program

June 4. 2008 Lancaster New Era
EDC Finance Corporation receives designation as a Certified Development Company from the U.S. Small Business Administration (only the 8th in the Commonwealth) to administer the flexible SBA 504 loan program.

A Welcome Development:
Northwest Gateway to Generate Jobs, Income

Lancaster General Community Benefit 2008 Spring Report

David Nikoloff, president of EDC and EDC Finance Corporation, discusses the 47-acre Armstrong World Industries redevelopment project in Lancaster City's northwest.

LancasterProspers Urban Capital Fund/Building PA Fund Expands to Boroughs

April 24. 2008 Lancaster New Era
EDC Finance Corporation's $4 million LancasterProspers Urban Capital Fund/Building PA application is approved by the Commonwealth Financing Authority. This approval expands the flexible program's funding opportunities to include not only the City of Lancaster, but also 6 Lancaster County boroughs: Ephrata, Elizabethtown, Lititz, Columbia, Mount Joy and Manheim.

EDC Helping to Boost Local Farm Economy

December 11, 2007 Lancaster New Era
From 2000-2007, EDC Finance Corporation has obtained $15 million in state funds for 74 local working farms, helping Lancaster County farmers buy $50 million worth of land, buildings and equipment.

EDC Finance Hits $50 Million Milestone

December 8, 2007 Intelligencer Journal
EDC Finance Corporation marks significant miletones it has reached in its work with the Lancaster County agricultural community.

PRESS RELEASE: EDC Finance Corporation Marks Ag Lending Milestones...Soon to Reach $50 Million in Total Investment

December 7, 2007
Celebration event featuring PA Secretary of Agriculture slated for Dec. 11 at Pequea Township farm.

 

2012 Annual Report


Click image above to view

the 2012 EDC & EDC Finance Corporation Annual Report.

 

EDC Newsletter

Download a PDF of our newsletter "Lancaster County Progressions"

To receive the quarterly newsletter, to comment or ask questions, email Annette Bart or call 717.397.4046

EDC Finance Corp.
e-Newsletter

Our monthly e-newsletter profiles a service or program that EDC & EDC Finance provide to the business and agriculture communities. Subscribe by emailing Jean Rehrig or calling 717.397.4046

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100 South Queen St, PO Box 1558, Lancaster, PA 17608-1558 p: 717-397-4046 f: 717-293-3159