Hess Tent Rental Expands with 504 Financing

Hess Tent Rental is completing its move to a new facility at 107 North Penryn Road in Manheim. Founded in 2008 by Michael Hess, Hess Tent Rental provides tents and other related accessories for outdoor events. Rental uses include weddings, private parties and corporate events. Hess Tent Rental provides a coordinated approach for its customers, […]

Published on June 13th, 2016|

Resilience at Eby Farm

In 2014, the James and Corrie Eby Farm, which specializes in organic eggs, worked with EDC Finance Corporation to acquire a Small Business First loan to build a second bird layer house. Construction on the layer facility was completed in May, 2015. On February 24th, 2016, both the farm’s new and existing bird houses were […]

Published on May 11th, 2016|

EDC Finance Transfers Land on Final Phase of Northwest Gateway Project

On February 25th, EDC Finance Corporation completed its participation in the ten-year Northwest Gateway redevelopment in the City of Lancaster with the transfer of the final parcel of land to project partners Franklin & Marshall College and Lancaster General Health/Penn Medicine.

This final phase of the project involved the $9+ million redevelopment of the 27-acre former […]

Published on May 11th, 2016|

EDC Finance and the Red Caboose Motel & Restaurant

EDC Finance goes “All Aboard” with the Red Caboose Motel & Restaurant
The iconic Red Caboose Motel will reopen its train doors this spring with a fresh look and energized new ownership. Tyler and Todd Prickett bought the renowned 9.3-acre site and are investing additional funds toward remodeling the train cars, restaurant, and gift shop. Its […]

Published on April 12th, 2016|

EDC In Your Community

Caruso's Italian Restaurant & Wyndridge Farm Each Aquire SBA 504 Loans For Expansion
Caruso's recently moved into its new location in Willow Street, thanks in part to EDC Finance Corporation and WSFS Bank. EDC Finance helped Caruso's acquire an SBA 504 loan for its expansion into a new 3,000-square-foot space. And by combining efforts with Fulton Bank and the York County Economic Alliance, EDC Finance helped Wyndridge Farm of York County obtain approval for a second SBA 504 loan.

Published on February 29th, 2016|

Project announcements for TONO and Hooley

TONO Group
Local architectural design practice TONO Architects has purchased and will be renovating the City of Lancaster property at 436 W. James Street into TONO Group’s new headquarters facility. TONO Group represents a family of design, building, and decorating service providers, which includes TONO Architects, Proto Construction Management, and Interiors by Deco. TONO Group’s building […]

Published on January 28th, 2016|

Revolution Builders Utilizes PIDA Loan to Invest in Lancaster City

Local construction company, Revolution Builders, has purchased and will be renovating the Lancaster City property at 20-24 North Mulberry Street into its new headquarters facility. Revolution Builders focuses on providing quality residential real estate improvements for exterior, interior, and addition construction projects. The company will spend about $425,000 to purchase and renovate the property. Additional […]

Published on November 19th, 2015|

Penn IDA and EDC Finance Complete JV Year 1

Penn IDA / EDC Finance Complete 1st Year of Joint Venture
In summer 2014, EDC Finance announced a joint venture with Penn IDA, based in Penn Township, Lancaster County, to delivery tax exempt financing options through local banks for eligible manufacturers, not-for-profit organizations, first-time farm buyers, and assisted living facilities. Through the Industrial Development Authority (IDA) approval […]

Published on November 11th, 2015|

Wee Care Day School Expands in East Petersburg

Urban Outfitters Opens Gap Internet Fulfillment Center
The retail giant’s $100 million, one million-plus square foot facility officially opened last week in Salisbury Township, Lancaster County with an event celebrating its workforce and the strong public-private partnership that came together to make the project happen. Company officials indicated that staffing will continue to ramp up to approximately […]

Published on November 11th, 2015|

EDC Finance Receives $10 million Building PA Allocation

The Commonwealth Financing Authority recently approved EDC Finance Corporation to receive an additional $10 million of funding for its Building PA loan fund. Building PA loan funds provide subordinate mezzanine financing to economic development projects that involve significant construction in or are adjacent to urban centers in Lancaster County. The loans often carry flexible payment […]

Published on October 12th, 2015|