Beaver County Corporation for Economic Development 2021-22 Annual Report

The Beaver County Corporation for Economic Development is a non-profit corporation and is a Commonwealth of Pennsylvania certified economic development organization. CED is the lead economic development agency for Beaver County, undertaking a variety of activities that support its mission.

Beaver County Corporation for Economic Development 2021-22 Annual Report

The Beaver County Corporation for Economic Development is a non-profit corporation and is a Commonwealth of Pennsylvania certified economic development organization. CED is the lead economic development agency for Beaver County, undertaking a variety of activities that support its mission.

BCCED Board of Directors

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CED is committed to ensuring a bright economic future for Beaver County.

Dear Members,

This was a great year! I want to thank you for your continued support of Beaver County Corporation for Economic Development (CED). Without your support, CED would be unable to deliver the successes you will find in this year’s report. The 2021-2022 fiscal year highlighted the ongoing need for CED and its programs. CED, along with its partners, approved and closed 7 loans that leveraged over $5.8 million in private funds and created and retained over 125 jobs. These loans were vital in retaining and expanding manufacturing in the County.

We also welcomed new partners and companies to Beaver County. Triumph Modular will soon be in their new home, 132 Westgate, that is located in the CED owned Westgate Business Park. CED also welcomed Mawson, Inc., a global leading-edge digital asset infrastructure company, to the county where they are establishing a modular data center in Midland. Furthermore, CED looks forward to working with the Frontier Group, a North American real estate and brownfield redevelopment company, on their recently acquired property, a retired Energy Harbor coal-fired power plant in Shippingport.

In addition, as you look through the annual report, you will notice that CED has a new look. We underwent a rebranding this year that includes a new logo, new website, updated color scheme, and a stronger presence on social media. I invite you to check out the new website and to follow us on LinkedIn, Facebook, and Instagram.

We are excited about the future of Beaver County, and we at CED pledge to continue to promote, encourage, and assist the economic and general welfare of the County. We will do this by assisting in the development and expansion of industrial and commercial business sites, structures, facilities, and programs which will create or retain employment opportunities and enhance economic development for Beaver County and its residents.

Lewis M. Villotti, President.

Dear Members,

This was a great year! I want to thank you for your continued support of Beaver County Corporation for Economic Development (CED). Without your support, CED would be unable to deliver the successes you will find in this year’s report. The 2021-2022 fiscal year highlighted the ongoing need for CED and its programs. CED, along with its partners, approved and closed 7 loans that leveraged over $5.8 million in private funds and created and retained over 125 jobs. These loans were vital in retaining and expanding manufacturing in the County.

We also welcomed new partners and companies to Beaver County. Triumph Modular will soon be in their new home, 132 Westgate, that is located in the CED owned Westgate Business Park. CED also welcomed Mawson, Inc., a global leading-edge digital asset infrastructure company, to the county where they are establishing a modular data center in Midland. Furthermore, CED looks forward to working with the Frontier Group, a North American real estate and brownfield redevelopment company, on their recently acquired property, a retired Energy Harbor coal-fired power plant in Shippingport.

In addition, as you look through the annual report, you will notice that CED has a new look. We underwent a rebranding this year that includes a new logo, new website, updated color scheme, and a stronger presence on social media. I invite you to check out the new website and to follow us on LinkedIn, Facebook, and Instagram.

We are excited about the future of Beaver County, and we at CED pledge to continue to promote, encourage, and assist the economic and general welfare of the County. We will do this by assisting in the development and expansion of industrial and commercial business sites, structures, facilities, and programs which will create or retain employment opportunities and enhance economic development for Beaver County and its residents.

Lewis M. Villotti, President.

CED's efforts assisted Beaver County in bouncing back stronger than ever from the COVID-19 pandemic.

Rebranding

This fiscal year was the time for CED to rebrand itself into the next generation. With this came a new logo and color scheme, a new and updated website, and the addition of CED on LinkedIn, Facebook, and Instagram.

New Board Members

CED welcomed three community leaders to be additional board members. We welcomed Ed DeMailo who is President of Metalwerks, PMD. We also welcomed Mike Lincheck, Vice President and Planning Practice Executive at Michael Baker International and Renee Suhr, Executive Director at Portobello Cultural Life & Arts Center.

The Reclaim Project

CED signed a lease with TRAILS Ministries Inc. as part of the Reclaim Project for a 14-acre parcel at Aliquippa Industrial Park. The Reclaim Project is a re-entry program that works with recently released non-violent incarcerated individuals. These individuals receive training and mentorship, and they will receive hands on experience on how to deconstruct abandoned buildings.

Other Assistance

CED assisted in administering grants and tax credits that helped make the construction of Stefanik Industrial Park’s first building possible. CED also helped welcome Mawson to the county. They are the global leading-edge digital asset infrastructure company that is establishing a modular data center in Midland.

CED Cumulative Total

Private Investment
$ 0
Projects
0
New Jobs
0

CED provides administrative and management services to the Aliquippa Economic Development Corporation (AEDC).

The six-year PA Department of Community and Economic Development Neighborhood Partnership Program (NPP) is funded by BNY Mellon.

In 2021-2022, AEDC was awarded $236,480 from PA Commonwealth Finance Authority for Blight Remediation on West End Franklin Ave. Gateway; matched by $68,310 AEDC funds. The NPP made possible the following outcomes.

People Helped Via Food, Utility,
and Housing Assistance
0
Aliquippa Health
and Wellness Fair
0
DCED Grant Received for
Neighborhood Sidewalk Replacement
$ 0
City-Wide Wayfinding
Plan Initiated
0
Cumulative Houses
Demolished
0
AEDC Director Hired

0
triumph logo

CED assisted in bringing Triumph Modular to Beaver County. Triumph Modular is known for their mobile offices, modular buildings, and storage containers. They are innovators in their industry by creating temporary and permanent buildings that include swing spaces, laboratories, temporary modular buildings, classrooms, and permanent modular buildings that are equipped with energy efficient elements.

Westgate Business Park

Triumph Modular will be leasing 15,000 sqr feet from CED to occupy half of the speculative building located in Westgate Business Park. Triumph has signed a seven year lease and will create ten new jobs here in Beaver County once they are fully operational. This location for Triumph establishes their Pittsburgh/Cleveland Headquarters.

Loan Program

CED has direct access to state loan programs to support a variety of investment opportunities for local companies and has also been a direct lender supporting private investment for over 35 years. During the 2021-2022 fiscal year, CED closed on seven loans totaling just over $1.8 million lent. This assisted in the retention of 100 jobs and the creation of 26 jobs. CED also helped to facilitate two PIDA loans.

Selectrode

Selectrode



Welding rod manufacturer

$300,000 equipment purchase
$400,000 building & land purchase

Accutran

Accutran



Manufacturer of transformers

$82,660 equipment purchase

RomeMET

RomeMET



Specialty steel processor

$300,000 equipment purchase and real estate
improvements

Fire Roasted Concepts

Fire Roasted Concepts



Pizza crust manufacturer

$224,550 building purchase

Standard Horse Nail

Standard Horse Nail



Manufacturer of precision machine/woodruff keys

$400,000 building purchase & renovations

Standard Horse Nail

Standard Horse Nail



Manufacturer of precision machine/woodruff keys

$142,500 equipment purchase

Corporate Financial Summary

Beaver Valley Hub for Innovation, Venture, and Entrepreneurship

CED purchased the future home of the B-HIVE program located at 1317 7th Ave, Beaver Falls, PA. CED will maintain ownership of the building and will lease the space to the B-HIVE so that they may fully utilize it for their program.

CED received a RACP grant for $734,025 that we will match and put towards a full renovation of the building so that it is equipped to house the B-HIVE.

The B-HIVE’s focus is to create a next generation resource for business start-up, including growth through a physical space and alignment of regional resources. As a nexus for an entrepreneurial ecosystem with strong internet access and fully wired conference rooms, it will serve as a resource not only for budding entrepreneurs, but also for individuals currently running their own businesses from home and for companies exploring the advantages of at least a partially remote workforce. The B-HIVE will foster the entrepreneurial spirit in the Beaver Valley region and provide opportunities for residents to be creative

Coming Soon...

The Beaver County Corporation for Economic Development is partnering with Town Center Associates to bring the Business District Initiative to Beaver County. As with many industrial communities, the business districts in these communities have become vacant or run down. Even though they are not what they once were, they are still valuable assets to the community. These business districts that have decades of investment in infrastructure give the communities “good bones” for which to rebuild

The Beaver County Business District Initiative

The Beaver County Business District Initiative is a coordinated effort to bring business and investment into the downtown-based communities.

There are numerous business districts that are deteriorated because of the high vacancy rates and non-sustainable mix of business uses that do not promote vitality. This initiative aims to reduce the vacancy rate in these defined business districts to increase community vitality and to create a more attractive environment for private investment and talent attraction.

Thriving community business districts have a vital role across key economic development strategies because they serve as locations for innovation and entrepreneurship. They also promote retention and expansion by serving as attractors for talent and providing needed services.

This initiative is based in the following nine Beaver County downtown-based communities with distinct business districts: the City of Aliquippa, the Borough of Ambridge, the Borough of Beaver, the City of Beaver Falls, the Borough of Bridgewater, the Borough of Midland, the Borough of Monaca, the Borough of New Brighton, and the Borough of Rochester.