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CHESTER COUNTY
TH
6
Happiest
IN PENNSYLVANIA
Growing Business.
Growing Smart.
SCHUYLKILL
RIVER TRAIL
#1
ANNUAL REVIEW
20142015
Urban Trail
IN THE NATION
RANKED
ST
1
in the U.S.
FOR VALUE OF NURSERY,
GREENHOUSE, FLORTICULTURE,
SOD AND MUSHROOMS
#5
Mega-sized
community
IN THE NATION IDEALLY POSITIONED
TO ATTRACT MODERN INVESTMENT
AND MANAGED ECONOMIC GROWTH
Letter from the President and CEO and Chairman of the Board
As we embarked this year on the implementation of VISTA2025, Chester Countys economic development strategy, we were fortunate to be
able to build on a strong economic base.
The economic health of Chester County is strong and vibrant in all areas commerce,
culture and community. Consider this:
n C
hester County was named the #1 Tech Hub in Pennsylvania? This gives us a foundation on
which to build a culture of innovation that will support the growth of our emerging tech community. Well continue the work of our own
Ideas x Innovation Network (i2n) and leverage collaborative support systems like Liberty Valley Initiative, Ben Franklin Technology Partners
and the expansion
of our countys three major incubators.
n Seedcopa, our SBA lending affiliate, was named the #1 Certified Development Company in
loan processing efficiency in the nation? We are proud of this recognition and applaud the efforts of our dedicated and
experienced team.
n Downingtown STEM Academy was again named the #1 school in Pennsylvania in 2014-15?
Chester County has some of the finest schools in the nation. The STEM Academy provides just one example of the many educational
institutions that are helping to grow the workforce of tomorrow.
n Chester County was named the 4th healthiest county in Pennsylvania? We think this ranking is
a direct result of the commitment of business, education and community organizations working collectively to enhance the quality of life
for all County residents.
n Chester County was also ranked the 5th best county in the nation by the Fourth Economy
Index? This ranking was based on demonstrated vision, leadership and regionalism in five specific areas: investment, talent,
sustainability, place, and diversity.
All of us play a part in the success we have enjoyed as a county. We are proud to do our part and
truly appreciate the many partners, volunteers, investors, and leaders who support us along the way.
We hope youll take some time to page through our Annual Review to read about some of our
highlights from last year.
Sincerely,
GARY W. SMITH
F. WILLIAM BOGLE
CCEDC, in collaboration
with the County of Chester,
the Executive Alliance and
numerous public/private
sector representatives,
launched VISTA2025.
23
4
GOAL
Maintain and
enhance Quality of Place
as a key component of
economic health
GOAL
GOAL
GOAL
Establish an innovation
culture that supports
entrepreneurship and
business growth
GOAL
Support critical
infrastructure in targeted
corridors of opportunity
Tech360
In April 2015, i2n and the Innovative Technology Action Group (ITAG) hosted Marc Andonian,
Vice President and Executive Partner of the Gartner Executive Program and Stephen Morrow,
Special Agent with the United States Secret Service assigned to
the Electronic/Financial Crimes Squad in Philadelphia, as keynote speakers for Tech360.
More than 100 conference participants attended sessions
focused on cyber security, big data, leadership development, and innovation, each led by
leaders from the regions top companies
that exemplify best practices in leveraging current and emerging technologies in todays
business climate. An Innovation Expo highlighted products and services by innovative
companies from the region as part of a networking opportunity.
INCUBATING
BUSINESS
inno
n e t wo
r
sm
ion
SUPPORTS VISTAGOAL 4
id
s
ea
at
The focus on technology and innovation extends beyond emerging growth companies.
ITAG brings organizations that use technology together to learn, share and cultivate new
ideas to form new commerce opportunities for the region. ITAG collaborates with more
than 70 technology-related companies and organizations in Southeastern PA on business
resources, pipeline development and workforce training with annual events such as Girls
Exploring Tomorrows Technology, a one-day event for middle and high school girls and
their parents that features successful women in technology, Techies Day, a day onsite
career experience for students, and Tech360, a full-day event focused on tech education,
leadership development, innovation and networking, and others.
DID YOU
KNOW?
90
COMPANIES
SERVED
$1,878,947
IN KEYSTONE INNOVATION ZONE (KIZ) TAX CREDITS
WERE AWARDED TO i2n COMPANIES
651
EMPLOYEES
AT START-UPS
13
NEW PRODUCTS
INTRODUCED TO
THE MARKETPLACE
PATENTS
$22,843,611
SPENT ON RESEARCH,
DEVELOPMENT, TESTING
& EVALUATION
167
JOBS
CREATED OR RETAINED
AT 45 COMPANIES
$ 136,958,369
TOTAL
REVENUES
01
02
03
04
05
06
07
08
09
10
11
12
9 PENDING
3 AWARDED
5
for farmers and other agricultural business owners interested in learning more about
financing options to begin an agricultural business.
Koening Story
West Chester based Koenig Engineering, Inc. designs, assembles and services the
turning and starting systems for turbines and other rotating equipment used in
cooling.
With the assembly portion of their operations located 75
miles away, personnel was traveling at least six times per
week between the main and auxiliary sites. The travel
expenses alone averaged $3,000 per month.
INJECTING
CAPITAL
DID YOU KNOW Seedcopa is the #1 Certified
Development Company in the nation as of May, 2015
based on SBA 504 loan approval efficiency? Their
success contributes to CCEDC being a statewide
leader in delivering crucial financing solutions for
growing and sustaining businesses. By injecting
capital into companies that are expanding, generating
jobs and pursuing new revenues, we help grow the
economy for future generations.
Looking to streamline its operations and lower operating costs, Koenig reached
out to CCEDC and Seedcopa to explore financing options. Utilizing a Pennsylvania
Small Business Credit Initiative (PSBCI) loan, Koenig was able to retain more of
its operating funds within the company, finance renovations to the building and
purchase equipment that allowed them to bring the assembly operations in house.
Certified
Development
Company
Agriculture Financing
Serving Berks, Bucks, Chester, Delaware, Montgomery and Philadelphia Counties,
CCEDCs AgConnect Partnership is a vibrant network of farmers, business owners,
and service providers that connects farmers to business resources, training,
and finances. The initiatives objective is to grow business by promoting smart,
sustainable agricultural economic development.
This year, supported by a grant from the PA Department of Community and Economic
Developments Discovered in PA, Developed in PA program,
CCEDCs AgConnect hosted a workshop on Financing Your Agriculture Business
PROJECTS
PARTICIPATING FINANCING
BANK
AMOUNT
15 Next Generation
Farmer Loans
$6,411,000
M&T Bank
$13,100,000
Renaissance Academy
$25,010,000
Company
University Student Housing
Raymond James
$96,938,853
$141,459,853
SUPPORTS VISTAGOAL 3
6
China Partnership
Led by Commissioner Terence Farrell, CCEDC participated in a nine-day
Sino-American Regional Business Development and Cultural Exchange Summit.
The Summit produced three immediate outcomes: Chinese investors are considering investments in county projects;
our educational community through The Lincoln University has entered into an exchange program; and members
of our mushroom industry have new opportunities to serve as consultants to improve emerging mushroom markets in
Yongchuan and Banan.
We believe that our growing relationship with China can provide a competitive edge for our regions companies. Success
will take time, effort, and a strong commitment by both entities. This is a long-term initiative that is expected to result in
a lasting benefit for county residents and businesses.
Youth Programming
Helping students learn about and aspire to careers in tomorrows prominent fields is
an integral aspect of nurturing a talented and viable workforce. Through its Industry Partnership programs (IPs), CCEDC
impacted 3,380 students this past year. CCEDC partners with schools, colleges, universities, and companies to deliver
employer-led student outreach for growing the pipeline of graduates that will keep intellectual talent employed here in
Southeastern Pennsylvania.
IMAGINING
OPPORTUNITIES
VISTATODAY
DID YOU KNOW that Chester County
boasts five of Americas top high
schools? This strong educational
foundation, along with vast open and
recreational spaces, low unemployment,
and a diverse economy contribute to the
overall Quality of Place that we enjoy.
Career Exploration Showcases in manufacturing, health care, smart energy, technology, and agriculture take the classroom
on the road. This year, 19 different employers showcased career opportunities for 585 students. More than 1,900 additional
students participated
in career fairs providing awareness and information on high priority occupations.
A broad scope of science, technology, engineering, and mathematics (STEM) career opportunities were addressed at the
15th Annual Girls Exploring Tomorrows Technology (GETT) conference this year. Attended by 531 middle and high school
students as well as 184 parents and educators, the events experiential workshops were led by successful women in
STEM-related industries.
In addition, nearly 300 students from 17 schools had the opportunity to learn about technology careers and opportunities in
Chester County and the surrounding region during the annual Techies Day that was held on-site at 14 different participating
companies.
DID YOU
KNOW?
871
Students
Explored a variety of
career education paths by
attending career showcases
at 33
local businesses
1,978
Youth
531
Young women
Attended the 15th Annual
Girls Exploring Tomorrows
Technology day-long STEM
career showcase and expo
IGNITING
GROWTH
MALVERN
DID YOU KNOW that Chester County is the #5 megasized community in the nation that is ideally positioned
to attract modern investment and managed economic
growth?
This is demonstrated by the fact that the county receives
the 5th greatest amount of investment in its local
CURRENT PROJECTS
n National Liberty
Eagleview RACP
n Uptown Worthington Mixed-Use Development
RACP
Improvements
n Washington Lane Road Improvements RACP
DOWNINGTOWN
Downingtown Library
On April 17, 2015, the Downingtown Library had a ribbon cutting
and grand opening celebrating their new location at 122 Wallace
Avenue in the center of Downingtown adjacent to Kerr Park. The
renovation of the former Downingtown School Administration
Building, locally called the Micken Building was a joint project
by the Borough of Downingtown, the Downingtown Library, and
CCIDA. The new 9,000 square-foot library sits on 2.5 acres and is
located next to a very popular playground. The Commonwealth
of PA provided financial assistance in the form of a $550,000
Redevelopment Assistance Capital Program (RACP) grant for the
construction work. With the open design, this new Downingtown
Library allows more patrons, children and adults alike, to enjoy its services at the same time and continues to benefit not only
the Borough of Downingtown but also surrounding communities.
n Phoenixville Steel
Redevelopment Site
n Coatesville Gateway
Project
PHOENIXVILLE
Redevelopment RACP
Renovation RACP
Sewer Expansion
NUMBER
AMOUNT
15
1,021,902
6,000,000
Other Grants
2,240,352
TOTAL
10
The National Liberty project is focused on the renovation and redevelopment of 20 Moores Road, the former National Liberty
Insurance campus which is located just two miles from the new Pennsylvania Turnpike slip ramp at Route 29 adjacent to
Routes 202 and 401 in East Whiteland Township. Utilizing a Redevelopment Assistance Capital Program (RACP) grant, E. Kahn
Development Corporation in partnership with J. Loew & Associates plan to develop the 65-acre site that will include more than
320,000 square feet for St. Gobains new national headquarters. Accessory structures include a power house, training center,
and a 5,735 square-foot guest house. This $80 million investment project is scheduled for delivery in October, 2015.
In 2015, French Creek Acquisition LP. and CCEDC entered into a cooperation agreement to work together on the remediation
of a
20-acre portion of the former Phoenix Steel Property, in
Phoenixville. This brownfield located just north of Bridge Street in
Phoenixville has been vacant since the 1980s.
A $1,000,000 Industrial Sites Reuse Program (ISRP) grant from
the Commonwealth of Pennsylvania will help pay for the required
environmental remediation of this former industrial site. Upon
completion of the remediation, the developer will finish the
vertical construction of this residential project called French
Creek Apartments. This residential community is projected to
consist of 349 apartments with more than 9 acres of usable green
space. The community will complement the historical context of
the former steel property as well as the adjacent new development going on in the Borough of Phoenixville.
22 $9,262,254
11
TRAINED
1,252
IMPACTING
WORKFORCE
578
dislocated workers
ENGAGED
1,015
Companies
in Workforce Initiatives
Industry Partnerships
Hire One
The Chester County Health Care Partnership, whose mission is to advocate for the
advancement of the health care industry through training, outreach, and resource
sharing, brings together more than 60 organizations. The partnership sponsored a
conference this year on Best Practices Across the Continuum of Care.
In Chester County, IPs are workforce intermediaries that bring together multiple employers,
in the same industry sector, to address common or overlapping business and human capital
needs. Through our five regional partnerships, we leverage the available resource of employers,
educators and economic development organizations to help meet those needs.
The goal to attract, develop, and retain a quality workforce in
Chester County and the region.
This annual conference, according to Gary Smith, CCEDC President and CEO, is
not only an opportunity
for members of the health care community to share critical information and
network, but also to support two major strategies contained within VISTA2025:
attracting and developing a strong workforce for healthcare organizations in our
region, and expanding the healthcare industry to sustain its strong and positive
impact on our Countys economy.
SUPPORTS VISTAGOAL 2
12
Employees
Assisted
Raised more than $900,000 in cash and grants from the private
sector, the Chester and Bucks County Workforce
Development Boards, Delaware County Community
College and the PA Departments of Agriculture, Labor & Industry and Community & Economic
Development
13
GET TO KNOW
OUR STAFF
CCEDC has been serving Chester County
and the region for more than 50 years.
Meet our team and see some other ways
we are making an impact in our community.
5 YO 9 YEARS
Sherwood Robbins Managing Director, Seedcopa
Patti VanCleave Health Care Project Manager
Will Williams Technology and Program
BOARD OF
Specialist, Seedcopa
Coordinator
Manager, Seedcopa
DIRECTORS
17 AND 39 YEARS
Michael L. Grigalonis
Gary W. Smith
President and CEO
Chairman
Roger N. Huggins, Esquire
Gawthrop Greenwood
Treasurer
Daniel G. Ostien
Unisys
Secretary
Marian D. Moskowitz
Franklin Commons, L.P.
QVC
Phillip Eastman
Christopher P. Molineaux
Trish Faidiga
Advantage Building
& Facility Services, LLC
Terence Farrell
Thomas A. Fillippo
Devault Foods
Michael J. Hankin
Hankin Group
Directors
Patrick Bokovitz
Robert R. Jennings
County of Chester
Michael A. Bray
Vanguard
Marnie Conley
Longwood Gardens
Kathi Cozzone
Jeff Culp
Susquehanna Bank
Andrea Devoti
Neighborhood Health
Michelle Kichline
Paul Lamparski
Bentley Systems
Vince Liuzzi
DNB First
Ed McAssey
Jim Manser
Bob Norris
Next Home, LP
Bryce C. Mason
Conrad M. Olie
Honorary Directors
Tim Phelps
Michael L. Pia
W. Todd Pohlig
Pohlig Builders
Kirk A. Putt
R-V Industries
Kevin C. Quinn
Nancy R. Corson
Penn Liberty Bank
Dan Scott
Flower Foods
Paul Spiegel
Carol J. Stauffer
County of Chester
Bill Stedman
Emeritus Directors
Development
R. Stanley Schuck
County of Chester
Frank A. Piliero
Russell Redding
Mark J. Rupsis
Fischer Cunnane
& Associates Ltd.
CCEDC
10 TO 13 YEARS
Jim Reading
RedGo Development
UP TO 4 YEARS
Delaware County
Community College
14
Pennsylvania BIO
Hanno Spranger
Solicitor for CCEDC
Helen J. Esbenshade, Esquire
Conrad OBrien, P.C.
5 TO 9 YEARS
UP TO 4 YEARS
NOT PICTURED: Melissa LaRosa Operations & Credit Coordinator, Seedcopa, Janet Stretch Grants Consultant, Cherie Wright Hire One Project Consultant
2,145 Pounds
Of food and $300 in cash/
gift cards donated during the
year-long food drive
37 Pints
Donated between 2
blood drives
100%
32 Gift bags
23 Companies
Assisted
$188,033,655
578
dislocated workers
2014-15
ACCOMPLISHMENTS
& Events
$22,843,611
TRAINED
1,252
Invested
Employees
3,380
Seedcopa is the
Certified Development
Company in the nation
Youth
Farmer and Volunteer of the year awards were presented at the 1st Annual Ag
Legacy Luncheon
1,275
6,566
$9,262,254
InGrants
Volunteers
Individuals
participated in our
workforce initiatives
16
administered by
CCEDC assisting 22 separate
projects
17
CCEDC INVESTORS
LEGACY
INVESTOR
LEVEL
Advantage Building
CCIDA
DNB First
CCRES
E. Kahn
Development, Corp.
ANRO
Communications
Bentley Systems
Strategic Investor
Level
1st Resource Bank
Ag Development Council
AQUA
Brinker Simpson & Co.
County of Chester
Customers Bank
Delaware Valley HIMSS
DSM Biomedical
Endo Health Solutions
First Niagara Bank
Franklin Commons
French Creek Golf Club
Genesis Packaging
Technologies
Independence Blue Cross
Key Financial, Inc.
M & T Bank
National Penn Bank
ONeill Property Group
Plumbing Systems, Inc.
PPL
The Bancorp
Trion, a Marsh &
McLennan Agency
Unruh Turner Burke &
Frees
UPS
USSC Group, Inc.
Development
Investor Level
Aerzen USA
AGI
Bernardon
18
Brandywine Hospital
Brandywine Realty Trust
Buckley, Brion, McGuire &
Morris
Budget Maintenance
Chiral Technologies
Comcast
Conrad OBrien
Creative Benefits, Inc.
CSD Engineers
D. Malloy Paving, Inc.
Dansko
Devault Foods
Durn & Beiler Insurance
Fibrocell
Fischer Cunnane &
Associates
Greencore Building
Services
IFM Efector
Jackson Immuno Research
Jeffrey Silberman, Esquire
Jones Motor Group
Kaplin Stewart
Kinext
Krapfs Coaches
Land Services USA
Lasko Products, Inc.
Maillie, LLP
MARS Drinks
Metro Commercial Real
Estate, Inc.
Novak Strategic Advisors
PAC Strapping Products
Pennoni Associates
Petromar Tech
CTDI
Delaware County
Community College
Gawthrop
Greenwood
Liberty Property
Trust
Hankin Group
Meridian Bank
Sikorsky
Commercial Inc.
J. Loew Property
Management
MVM Associates
Susquehanna Bank
PECO Energy
Vanguard
Company, Inc.
HSC Builders
Immaculata University
Jackson Cross Partners
JD Mushrooms
JGM, Inc.
Joseph Patrick OBrien, Esq.
Kaolin Mushroom Farms
Kellys Security Services
Kendal Crosslands
Communities
Knauer & Gorman
Kreischer Miller
Longwood Gardens
MacElree Harvey
Manito Abstract Co.
Mid-Atlantic Farm Credit
Miller Designworks
Moodys Analytics
Morphotek
Murray Securus
Nave Newell
Obermayer Rebmann
Maxwell & Hippel
PA American Water
PA Bio
PA Fresh
Paoli Hospital
Pegasus Technologies
Penn Liberty Bank
Penn State University
Great Valley
Pepperidge Farm
Phoenixville Community
Health
Phoenixville Federal
Bank & Trust
Phoenixville Hospital
Pipe Data View Services
PNC Bank
Qnectus
Re/Max Action Associates,
R-V Industries
SEI Investments
Sontag & Brown
Stephano Slack
Stradley Ronon
Stevens & Young
Surf Sweisford
TD Bank
The Brickman Group
The Protection Bureau
The Tri-M Group
Verizon
Warfel Construction
Welsh Environmental, Inc.
West Chester University
Weston Solutions
William S. Malany & Sons
Worthington Associates
Brandywine Valley
Financial
Brite Facility Solutions
C. Raymond Davis
CCIU
Chester County Council,
BSA
Chester County Hospital Penn Medicine
Chester Valley Engineers
CJ Mushrooms
Clark & Goshow
CNC Manufacturing
Comfort Suites
Cord of Three Strands
Coventry Environmental
Desmond Hotel &
Conference Center
Devault Partners LP
DFT
Econsult Solutions
EDiS Company
Epex, Inc.
Evolution Benefits
Consulting
Executive Office Link
First Eastern Development
Company
First Trust Bank
G. A. Vietri
Gunnip & Co.
Herrs
Human Capital Consulting
Huston Properties
Interland Real Estate
John C. Leo & Son
QVC
Villanova
University
West Pharmaceutical
Services, Inc.
Kembek
L.F. Lambert Spawn
Liberman, Earley &
Company
Lion Associates
McMahon Associates
Metallurgical Products
Company
Newmark Grubb
Knight Frank
Pancoast & Clifford
PayUSA
Pohlig Builders
Quinn Wealth Advisors
Rainer & Company
Ray Ott & Associates
Rigg Darlington Group
Robert W. Baird & Co.
Spring City Electrical
Sustainable Resources
Tegler McHenry &
Associates
Telecoworks/Brava
Partners
The Mowday Group
The Norwood Company
Traffic Planning & Design
Transwall
University of Pennsylvania
Videonet
YMCA of Brandywine
Valley
THANK YOU!
19