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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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Save the Date!
Please mark your calendars! EDC and EDC Finance Corporation will be hosting their Annual Meeting on Tuesday, September 22, 2015 from 7:30 – 9:00AM at the DoubleTree Resort, 2400 Willow Street Pike, Lancaster. Registration information and program details will be available this summer.
EDC Finance Corporation Impacts Northern Lancaster County
Two recent projects funded by EDC […]
