Beaver County Corporation for Economic Development 2020-21 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

CED eyes what’s next, and with your support, we can ensure a bright economic future for the County.  

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Dear Members,

The 2020-2021 fiscal year was once again dominated by the Pandemic that grips the globe and the global economy. Your Beaver County Corporation for Economic Development (CED) remained committed to offering services and participating in partnerships to assist the Beaver County manufacturing and business community through this unprecedented time. CED is eyeing the future and helping businesses prepare for when this trying time has past. But CED cannot do this alone.

Within this 34th Annual Report, you will find that CED worked with the County Commissioners to aid the Hospitality Industry and laid the groundwork for assisting manufactures consolidate their supply chain. CED also continued to work closely with our workforce partners and other like minded organizations to prepare and respond to recovery issues.

In addition, with the leadership of the Board and professionalism of the staff, you will see that CED has come through the worst of this while maintaining a strong fiscal base that will allow this organization to continue assisting businesses and growing the economy in Beaver County.

While activity across the spectrum was slower than normal, with labor shortages and supply chain issues hampering growth and expansion, the dedicated teams of local, regional, and state officials along with your staff at CED have worked with local industry to position them for success as the global economy begins its recovery. Even as we transitioned between fiscal years, projects started to come on-line that will bring private investment and jobs to Beaver County.

We at the Beaver County Corporation for Economic Development, both Board and Staff remain committed to a bright economic future for all of Beaver County residents and the Beaver County business community.

Lewis M. Villotti, President.

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Dear Members,

The 2020-2021 fiscal year was once again dominated by the Pandemic that grips the globe and the global economy. Your Beaver County Corporation for Economic Development (CED) remained committed to offering services and participating in partnerships to assist the Beaver County manufacturing and business community through this unprecedented time. CED is eyeing the future and helping businesses prepare for when this trying time has past. But CED cannot do this alone.

Within this 34th Annual Report, you will find that CED worked with the County Commissioners to aid the Hospitality Industry and laid the groundwork for assisting manufactures consolidate their supply chain. CED also continued to work closely with our workforce partners and other like minded organizations to prepare and respond to recovery issues.

In addition, with the leadership of the Board and professionalism of the staff, you will see that CED has come through the worst of this while maintaining a strong fiscal base that will allow this organization to continue assisting businesses and growing the economy in Beaver County.

While activity across the spectrum was slower than normal, with labor shortages and supply chain issues hampering growth and expansion, the dedicated teams of local, regional, and state officials along with your staff at CED have worked with local industry to position them for success as the global economy begins its recovery. Even as we transitioned between fiscal years, projects started to come on-line that will bring private investment and jobs to Beaver County.

We at the Beaver County Corporation for Economic Development, both Board and Staff remain committed to a bright economic future for all of Beaver County residents and the Beaver County business community.

Lewis M. Villotti, President.

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CED Responds. Fiscal Year 2020-2021 was a year of weathering the storm and preparing for the future.

The COVID-19 pandemic took its toll on businesses of all sizes and types. Recognizing that this was not a one size fits all situation, CED interviewed over 40 companies via the Commonwealth’s ENGAGE! Program, more than twice the normal number, to better understand their issues.

While companies were feeling the effects in different ways, it came as no surprise that regardless of industry sector there were three consistent themes; labor shortages, supply chain reliability and increased cost of inventory.

These new economic realities were beginning to have significant impacts on the business community.

CED responded both internally and with a growing partnership of like minded organizations.

CED helped make connections with our workforce partners, the Community College of Beaver County and Job Training for Beaver County, and county businesses. CED worked with the County partners, including workforce on a bi-weekly basis to ensure we are working together to provide meaningful services to the business community.

CED continued to work with prospects and existing businesses alike to lay the ground work for business expansions and investment in Beaver County. Preparing the path for future investment and growth.

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 2020-2021, 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.

Meal and food
distributions
0
Housing and/or
utility assistance
0
Green parking lot
- community garden
0
Houses approved for rehabilitation
0
Abandoned structures demolished
0
Feet of Sidewalk

0

COVID-19 Hospitality Industry Recovery Program (CHIRP)

Few sectors were hit as hard by the pandemic as the hospitality industry. In response, the Commonwealth rolled out the COVID-19 HOSPITALITY INDUSTRY RECOVERY PROGRAM or (C.H.I.R.P.) for short.

This grant program offered by the Beaver County Board of Commissioners and administered by CED, was specifically geared towards helping those in the hospitality industry. Some 80 businesses, almost exclusively restaurants and hotels, received grants totaling over $1.8 million dollars. These businesses accounted for over 750 jobs and over $25 million dollars of revenue into the Beaver County Economy.

Businesses
0
Jobs
0
Total Grants
$ 0
Total Revenue
$ 0

BCCED 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.

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RomeMET

RomeMET

Expanded their specialty metals processing facility including a custom designed mineral air blasting cabinet for manual and automatic descaling and finishing of high tech/high temp metal alloys such as titanium, nickel, stainless and other specialty alloys.

Corporate Financial Summary

As the economic impact of the global pandemic wains, CED prepares for the future as industry realigns for a post pandemic world.

This fiscal year saw few traditional CED projects, as supply chain and labor force issues across the globe hamstrung the economy. Realizing that the recovery would be slow, the CED team began working with Beaver County companies that were taking this opportunity to sure up their supply chain and realign their market strategies.

Through discussions with several manufactures, we learned that they were interested in internalizing parts of their supply chain to strengthen predictably, product deliverability and respond to market changes. Long time Beaver County companies like Acutran, Selectrode and Standard Horse Nail are seeing this as an opportunity to respond to those external business forces created by the pandemic and strengthen their business model moving forward. CED is assisting these companies to lay the foundation for future investment.