Chester County officials reveal top economic milestones of the year

Exton — Chester County Economic Development Council (CCEDC) introduced milestones from 2021 to 2022 to stakeholders at its annual breakfast meeting on November 18th.

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The annual event is a chance for the agency to update stakeholders on its achievements in four key regions of county economic development and workforce development: Workforce Development, Business Financing, Location Services and Innovation. .

Over 150 business and community leaders attended the event that is ever-popular at the Desmond Hotel in East Whitelands. Partners, investors, and volunteers from every industry that is major the county participated.

“Some people hear the term ‘economic development’ and think about construction sites and loan deadlines. “We train people who have the abilities they should feed their own families, advise smaller businesses to enhance the Chester County structure, and revitalize abandoned land to aid improve neighborhoods. , and enable young adults to explore career that is quality.”

More than 150 business and community leaders across all Chester that is major County attended the annual Chester County Economic Development Council stakeholder breakfast on November 18th. (submitted photo)

The Economic Development Council’s 2021-2022 milestones when you look at the regions of workforce development, business financing, location services and innovation include:

Opportunity for every

The Council approved the Diversity, Equity and Inclusion Strategic Plan that paved the way in which for Coatesville’s start up business Resource Center with free usage of business coaching. The agency also launched a first-of-its-kind grants program to aid minority- and businesses that are women-owned. 23 women owned. Seven without a college degree. and seven returned from long-term unemployment.

career development

This year, the Chester County Economic Development Council relaunched AgConnect, a high-demand partnership that is agri-industrial and partnered with Chester County to launch the initial Agricultural Economic Development Strategic decide to develop careers for workers and youth in agriculture. We’ve got also started training to support our experience. and manufacturing.

In 2021-2022, the Chester County Economic Development Council Workforce Development Initiative impacted 1,632 people that are young 1,556 participating organizations and 986 volunteers.

Chesco’s future funding

The Chester County Industrial Development Authority (CCIDA) and the Council for Economic Development are excited to provide funding for Longwood Gardens to expand its most conservatory that is ambitious surrounding landscape in 100 years. The Longwood that is 17-acre greenhouse grounds will be converted by 2024 using tax-free loans from CCIDA. Longwood is his one of thousands of projects the two institutions have funded through their nearly partnership that is 50-year

Fiscal 2021-2022 saw record lending growth, with lending a lot more than 5 times just what it was just four in years past and most 33% a lot more than the earlier year that is fiscal. Loans included SBA 504 and 7(a), the Pennsylvania Industrial Development Authority (PIDA), and the Chester County Economic Development Council’s Internal Revolving Loan Fund.

place, place, place

In the heart of Downingtown Borough, construction is underway on Hankin Group’s new Brandywine Station LP (River Station). The mixed-use project includes 400 luxury condominiums, 10,000 square feet of retail space, a footbridge that is new Johnsontown Park, additionally the future located area of the new Downingtown AMTRAK/SEPTA train station. The project received his ISRP award of $1,280,505 through the Central and Western Industrial Development Authority to support environmental site remediation and site Act 2 cleanup with the support of the Economic Development Council. rice field.

With the help of the council’s site selection team, Chester County’s Habitat for Humanity found a location that is new its headquarters in Phoenixville and a brand new location for the restoration, a property improvement and donation center.

innovation And entrepreneurship

The Chester County Economic Development Council’s startup support program, the basic ideas x Innovation Network, is celebrating its 10th anniversary. In that decade, i2n provided his $17 million in direct tax credits and grants to startups that are local. Over 2,000 jobs have already been produced by his i2n companies and $307 million happens to be dedicated to the economy that is local. A total of 203 patents have been filed with hundreds of clients. complete copy of the Chester County Economic Development Council’s 2020-2021 Annual Report is available at


The Chester County Economic Development Council is a private, not-for-profit development that is economic that happens to be promoting intelligent development in Chester County and its own surrounding communities for more than 60 years.(*)

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