News

Comments of John H. Rose, Chairman,
EDC Finance Corporation
October 9, 2009
Thank you, John.  As Chair of EDC Finance, I would like to say it is a great honor to be here today, representing EDC Finance Corporation and its staff as we dedicate the 47 acres that make up the Northwest Gateway Redevelopment Project.
EDC Finance Corporation is […]

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

Lancaster Leaf Tobacco Co. almost was uprooted.

It nearly left town, costing 119 workers their jobs and vacating hundreds of thousands of square feet.
Instead, it’s digging in deeper.

The company has started an $11.5 million expansion project here, thanks to more than $4 million in state aid, […]

Thanks to lower equity requirements and increased funding, it’s now easier for local businesses to get state help for expansion projects.
by Tim Mekeel, staff writer
Intelligencer Journal/Lancaster New Era; July 7, 2009
Even during a recession, David K. Nikoloff points out, some manufacturers are looking to expand.

Now his organization has a better chance of persuading them to do […]

Surging demand halts applications to low-interest loan program

by Paula Holzman
Central Penn Business Journal, June 18, 2009

A state-administered low-interest loan program to boost the state’s agriculture and tourism industries has temporarily stopped taking applications because demand has outstripped supply.

The First Industries Fund began in 2005 and included a $100 million revolving loan program funded by the […]

by Lyle Hosler, project manager
Economic Development Company of Lancaster County
Lancaster Farming
January 3, 2009

With a history spanning almost 50 years of promoting, planning and funding economic development projects in Lancaster County, the Economic Development Company (EDC) of Lancaster County and its subsidiary organization, EDC Finance Corporation, actively work to provide experience, vision and resources to secure […]

Siblings plan $1.83 million renovation

Lancaster New Era
October 8, 2008
By TIM MEKEEL, New Era Staff Writer

A new funeral home will open in Lancaster with the help of a $275,000 state loan, it was announced Tuesday.

R. Fred Groff III and his sister Lisa will establish the Groff Family Funeral Home at 528 W. Orange St.

The siblings bought […]

Fund to help keep land in families has nearly doubled
Intelligencer Journal
July 24, 2008

BY P.J. REILLY, Intelligencer Journal Staff

David and Ruthie Blank want to become part of Lancaster County’s next generation of farmers.

Since 2001, the couple has rented a 70-acre farm in Salisbury  Township from David’s parents to run a 52-cow dairy.

Thanks in part to a […]

Pennsylvania Department of Agriculture
PAgrows quarterly e-newsletter
June 2008

The Next Generation Farmer Loan Program is Pennsylvania’s enactment of a national Agricultural or “Aggie” Bond Program developed to assist beginning, first-time farmers to purchase land, farm equipment, farm buildings and breeding livestock through reduced interest rate loans.

Through an Aggie Bond program, the state coordinates the creation of a […]

Lancaster New Era
June 4 , 2008
By TIM MEKEEL, New Era Staff Writer

The Economic Development Co., once focused on serving traditional smokestack industries, again is reaching out to a new clientele.

The non-profit organization has started offering a type of U.S. Small Business Administration loan that can fuel the growth of all kinds of small businesses, it […]

Lancaster New Era
April 24, 2008
By TIM MEKEEL, New Era Staff Writer

The Economic Development Co. of Lancaster County believes what’s good for the city can be good for the county.

So it has obtained $4 million that it will use to take the state’s Building PA financing program here, previously just available in the city, to six […]

Lancaster New Era 

December 11, 2007
By TIM MEKEEL, New Era Staff Writer Smokestacks.

Sure, the Economic Development Co. of Lancaster County likes smokestacks. But in the past seven years, it’s gotten fond of silos too.

The EDC has become a major financier of agriculture in Lancaster County by tapping in to three recently enacted state programs.

Since 2000, it has […]

Intelligencer Journal (Lancaster, PA)
December 8, 2007
by PATRICK BURNS
LANCASTER COUNTY, PA – EDC Finance Corp., the financing partner of a Lancaster County quasi-government organization, will soon hit the milestone of helping local agricultural entities obtain $50 million in financing since 2000.

Through the Lancaster Economic Development Co., EDC-procured funds have directly impacted 70 farms and more than […]