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.
Bob Pusateri
Chair
Carey McDougall
Vice Chair
Carolyn Renninger
Secretary
Daniel Camp III
Commissioner
Dave O'Leary
Board Member
Dr. Melvin Steals
Board Member
Jack Manning
Commissioner
Joe Bevevino
Treasurer
Larry Nelson
Board Member
Mark Peluso
Matt Dawson
Board Member
Tony Amadio
Commissioner
Bob Pusateri
Chair
Carey McDougall
Vice Chair
Carolyn Renninger
Secretary
Daniel Camp III
Commissioner
Dave O'Leary
Board Member
Dr. Melvin Steals
Board Member
Jack Manning
Commissioner
Joe Bevevino
Treasurer
Larry Nelson
Board Member
Mark Peluso
Matt Dawson
Board Member
Tony Amadio
Commissioner
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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.
| Beaver Concrete & Supply, Inc. | KIZ Resources LLC |
| Beaver County Building Trades | Lennon,Smith,Sourleret Engineering |
| Beaver County Transit Authority | Lindy Paving, Inc. |
| Bolland Machine | Lombardo Industries, Inc. |
| Brentwood Bank | Metal Building Sales Direct |
| c3controls | Michael Baker International, Inc. |
| Castlebrook Development | Moderne Glass Company, Inc. |
| Civil & Environmental Consultants, Inc. | Penn State University |
| Colona Transfer, L.P. | Penna Flame Industries |
| Commonwealth Real Estate Services, LLC | PGT Trucking, Inc. |
| Community College of Beaver County | Sippel Co., Inc. |
| Cottrill, Arbutina & Associates, P.C. | Steelsmith, Inc |
| Creekside Springs, LLC | Stoelzle Glass USA Inc |
| Esmark Realty, LLC | The Gateway Engineers, Inc. |
| GCU | Town Center Associates |
| Geneva College | Tri-State River Products, Inc. |
| Halama Brothers Electric | Turney Electric, Inc. |
| Heritage Valley Health System | Uhl Construction Co. |
| I.B.E.W. | United States Gypsum Company |
| Jenmach LLC | Versatex Building Products |
| Job Training for Beaver County, Inc. | W.D. Wright Contracting, Inc. |
| John P. O’Leary, Jr. | WesBanco Bank, Inc. |
| Kenson | West Aircomm Federal Credit Union |
| Keystone Profiles | Widmer Engineering, Inc. |
| Laborers’ Local 833 | Woodske, Bruce |
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.
| Beaver Concrete & Supply, Inc. |
| Beaver County Building Trades |
| Beaver County Transit Authority |
| Bolland Machine |
| Brentwood Bank |
| c3controls |
| Castlebrook Development |
| Civil & Environmental Consultants, Inc. |
| Colona Transfer, L.P. |
| Commonwealth Real Estate Services, LLC |
| Community College of Beaver County |
| Cottrill, Arbutina & Associates, P.C. |
| Creekside Springs, LLC |
| Esmark Realty, LLC |
| GCU |
| Geneva College |
| Halama Brothers Electric |
| Heritage Valley Health System |
| I.B.E.W. |
| Jenmach LLC |
| Job Training for Beaver County, Inc. |
| John P. O’Leary, Jr. |
| Kenson |
| Keystone Profiles |
| KIZ Resources LLC |
| Laborers’ Local 833 |
| Lennon,Smith,Sourleret Engineering |
| Lindy Paving, Inc. |
| Lombardo Industries, Inc. |
| Metal Building Sales Direct |
| Michael Baker International, Inc. |
| Moderne Glass Company, Inc. |
| Penn State University |
| Penna Flame Industries |
| PGT Trucking, Inc. |
| Sippel Co., Inc. |
| Steelsmith, Inc |
| Stoelzle Glass USA Inc |
| The Gateway Engineers, Inc. |
| Town Center Associates |
| Tri-State River Products, Inc. |
| Turney Electric, Inc. |
| Uhl Construction Co. |
| United States Gypsum Company |
| Versatex Building Products |
| W.D. Wright Contracting, Inc. |
| WesBanco Bank, Inc. |
| West Aircomm Federal Credit Union |
| Widmer Engineering, Inc. |
| Woodske, Bruce |
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
$
0
Private Investment
0
Projects
0
New Jobs
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.
0
People Helped Via Food, Utility,
and Housing Assistance
and Housing Assistance
0
Aliquippa Health
and Wellness Fair
and Wellness Fair
$
0
DCED Grant Received for
Neighborhood Sidewalk Replacement
Neighborhood Sidewalk Replacement
0
City-Wide Wayfinding
Plan Initiated
Plan Initiated
0
Cumulative Houses
Demolished
Demolished
0
AEDC Director Hired
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
Financial Activity
Financial Position
Yearly Comparison
Financial Activity
Financial Position
Yearly Comparison
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.
