EDC Lancaster County

"In Lancaster County, there were 5,509 fewer people employed and 589 more people looking for work in August than July when the labor force reached its highest since 1990. The August decline?in employment followed?a jump in July, which was preceded by?two months?of decreases. Those declines raised concerns about potential softening of the county’s tight labor market. The fluctuations highlight uncertainty in the labor market, said Rae Ann Miller, manager of the Center for Regional Analysis, which is a part of the economic development organization EDC Lancaster County. The data also seem to bolster what Miller said businesses have anecdotally shared – a return to more careful pre-pandemic hiring practices." (via LNP | LancasterOnline) The #LancasterPA labor market has been tight for some time, and the most recent #unemployment and #laborforce data from the U.S. Bureau of Labor Statistics for August shows that that tightness...remains.

#EDCMember spotlight: Penn Medicine Lancaster General Health Whether you are running a business as an owner or working part-time, it's likely you've encountered some levels of stress, anxiety, burnout, or depression in your professional (and/or personal) life. Legacy Member Penn Medicine Lancaster General Health is aiming to help local residents navigate these #mentalhealth challenges, however, with the construction of its new Behavioral Health Crisis Walk-In Center later this year. According to the recent announcement, the $1.6 million, 3,000-square-foot center –?anticipated to open in January 2025 – will provide care for conditions such as anxiety, depression and substance use disorder. “Patients across the entire county, as a result of this, are going to be able to be kept safer, they’re going to be able to get treatment faster and as importantly, we’re going to provide assistance to their families,” LG Health CEO [and EDC Board Member] John J Herman said in announcing the center. (via LNP | LancasterOnline https://lnkd.in/gYhK3rft) *** EDC's 2025 Membership campaign is officially underway! To learn more about becoming an #EDCMember in 2025, contact Brianna Titi, MSL ([email protected]) to schedule a time to chat! *** #EDCLancaster #LGHealth #PennLGH #LancasterPA #MemberSupported #LocalEconomy

Lancaster County's agricultural heritage has long been an integral part of the local economy, and we're honored to help keep that tradition alive and strong. Happy #NationalFarmersDay!

#EDCMember spotlight: Fulton Bank From partnering with EDC Finance Corporation on funding deals for local businesses to sponsoring the new #EDCDataBriefs video series (as well as EDC's Annual Meeting event) to CEO Curt Myers' service on EDC's Board of Directors, Legacy Member Fulton Bank's support of EDC is well documented! But Fulton Bank's investments into the local economy don't stop there, as is evidencedby this latest contribution to the regional #workforce: "A $250,000 grant has been awarded to Tec Centro Workforce Network?by the Fulton Forward Foundation. The funding will be distributed over the next five years to support Tec Centro Workforce Network’s expansion of regional workforce development centers in the area, including new curriculum and equipment for each training center." (via Central Penn Business Journal) *** EDC's 2025 Membership campaign is officially underway! To learn more about becoming an #EDCMember in 2025, contact Brianna Titi, MSL ([email protected]) to schedule a time to chat! *** #EDCLancaster #FultonBank #LancasterPA #MemberSupported #LocalEconomy

Meet Peter DiEgidio, a senior economics major at Millersville University of Pennsylvania. Over the summer, Peter joined EDC's #CenterforRegionalAnalysis as an economic research and analysis intern for the chance to work with real data from the local community alongside CRA manager Rae Ann Miller: "During this internship, I had the opportunity to explore and analyze data, network with other professionals in the community, and improve upon hard skills such as retrieving data, working with spreadsheets, and creating visualizations. Some things I learned during this internship are that: 1?? Data is a world of truth that needs to be explored and presented in an unbiased way. 2?? Never be scared to network and ask others questions in order to improve your understanding and skills. 3?? Data always tells a story, and that story is important to be shown in a clear narrative when presenting the findings." Peter's story didn't end with summer, however. After making quite an impact in his short time on the team, we were happy to invite him back to continue his work during the fall semester! ????

Over the past year, we've heard from countless businesses that had put expansion plans on hold as they "waited it out" for #interestrates to cool. Following the Fed's rate cut in September, the Pennsylvania Department of Community & Economic Development has announced a half-point drop in rates for traditional #PIDA loans in Q4. Contact the team at EDC Finance Corporation to learn more! #EDCLancaster #EDCFinance #PIDAloan #PADCED #EconomicDevelopment #LancasterPA

And now, a little dose of local #manufacturing data courtesy of EDC #CenterforRegionalAnalysis manager Rae Ann Miller in celebration of #MFGDay24! #EDCLancaster #LancasterPA #LocalEconomy #ManufacturingDay

#EDCMember Spotlight: High Companies Our 2025 Membership campaign is officially underway! In the coming weeks, we will be spotlighting many of our current and longstanding Member companies that are investing in the local economy by supporting EDC. Established in 1931, Legacy Member High Industries Inc. / High Real Estate Group LLC has remained as dedicated to quality, innovation, and integrity as it has to its customers, employees, and the Lancaster community at large. Watch the video below to see how its commitment to high standards, high quality work, and high performance have driven the High Companies businesses forward for more than 90 years! *** Want to learn more about becoming an #EDCMember in 2025? Contact Brianna Titi, MSL ([email protected]) to schedule a time to chat. *** #EDCLancaster #HighCompanies #LancasterPA #MemberSupported #LocalEconomy

"The Pennsylvania Wilds promotional effort in the rugged northcentral mountains is probably the most visible example of the potential of marketing an entire region. But Lancaster County’s outdoors offerings are considerable and growing. Growing enough that the EDC Lancaster County economic development agency has embarked on a project to get a handle on the county’s recreational assets and map out a plan to bring more people in to enjoy them while drumming up more businesses to cater to their needs while here. The agency?is partnering with a consultant, the Discover Lancaster tourism arm and the Lancaster County Planning Commission. “There is a huge opportunity,” said Ezra Rothman, president of EDC Lancaster County. “One is urban redevelopment. The city is doing great but there are 18 boroughs that really need a hand and trail connectivity is one of the significant ways.” (via LNP | LancasterOnline) #EDCLancaster #OutdoorRecreationEconomy #LancasterPA #EconomicDevelopment

While there are many reasons to enjoy EDC's annual Member Briefing breakfast, we like to focus on two primary goals for this event: sharing news & updates from EDC Lancaster County & EDC Finance Corporation with our Member supporters, and providing an opportunity for our Member companies to engage with one another and grow their networks. These relationships are not only the lifeblood for so much of EDC's work in the community – they are the glue that keeps Lancaster's business community so well connected, too. When a local business reaches out with an opportunity (or challenge) for their company's growth, our team works to find ways to support them directly –?with financing assistance, with help navigating the development process – and to connect them with the resources they need to move their project forward. When your business becomes an #EDCMember, you are helping to ensure these services remain available for local companies that are looking to grow and remain in Lancaster County. In other words, an investment into EDC is an investment into the whole #LancasterPA business community. To learn more about becoming a Member, visit https://lnkd.in/eBFeiDkH or contact Brianna Titi, MSL ([email protected]). #EDCLancaster #EDCFinance #LocalBusinessCommunity #EconomicDevelopment #LancasterCountyPA