the INDICATOR
Message from the Board Chair
 

To our valued MCDC Members, Supporters, and Colleagues,


As we head further into 2018, I wanted to take a moment to express my appreciation as well as that of the Board & staff, to everyone for their continued support of MCDC.  I also want to share that the Board has begun a strategic planning process which will help our organization to create new partnerships, bring beneficial and impactful knowledge to our businesses, entrepreneurs, and communities.  MCDC will make sustainable and progressive investments in our County's future by working together with key economic and workforce development stakeholders locally and regionally.
 
The Board and staff look forward to sharing with you the exciting new initiatives that will come from our planning process as the year moves ahead.  Again, thank you for your continued support of MCDC and of Montgomery County.
 
All the best,
 
Jerry Gorski
 
MCDC's 2017 - 7th Annual Holiday Networking and Charity Event  
 

The proceeds from the event were presented to the Foundation by
MCDC's Chairman, Mr. Jerry Gorski at the Philadelphia Auto Show.

The MCDC hosted its 7th Annual Holiday Networking and Charity event on December 19th at Normandy Farm in Blue Bell. The charity we chose for 2017 was the Automobile Dealers Association of Greater Philadelphia's, "Driving Away the Cold" Foundation. 
 
The mission of Driving Away the Cold provides new winter coats to children in the five-county Philadelphia Region.

 

  

 

  




PIDA Loan Approved for Montgomery County Project
 

On Wednesday, March 7th, 2018, the Pennsylvania Industrial Development Authority (PIDA) and the Pennsylvania Department of Community and Economic Development (DCED) announced that Alexanderwerk, Inc. was approved for a $765,000, 15-year loan at a 2 percent fixed rate through Montgomery County Development Corporation for the acquisition of a 16,300-square-foot facility on 2.5 acres in Montgomeryville. The company currently leases the office/flex industrial facility to provide engineering, assembly, and worldwide sales and distribution of standard and customized light industrial machines. The project is expected to retain nine (9) full-time jobs and create nine (9) full-time jobs within three (3) years.
 

See below "Financing" article for loan programs available in Montgomery County, PA. through the MCDC.
Meet MCDC's Newest Members
 
Brickhouse Environmental     
515 S. Franklin Street, West Chester
610-692-5770
 
David Farrington, Principal Geologist
Alfred Yates, Senior Engineer
Paul White, Principal Geologist
Jeff Christopher, Senior Geologist
Cherie Enderlin, Marketing Manager

For over 40 years, we have provided trusted advice to lenders, attorneys, and business owners, We specialize in environmental assessments and remediation, brownfield redevelopment, and water resources management.
 

David M. Bank Real Estate   
595 Skippack Pike, Suite 200, Blue Bell
215-572-7702
 
Marc Bank, Principal
 
Commercial Industrial Real Estate Brokerage. Since 1984, David M. Bank Real Estate has shared its professional experience and knowledge with property and business owners throughout the Delaware Valley and beyond.
  
The Bank firm knows where the pitfalls are and how to guard against them. Their knowledge of the market provides them with direct access to the buyers, tenants, and developers that are "making things happen" in today's world of commercial real estate.
LANDCORE Engineering Consultants, PC   
8614 Montgomery Avenue, Wyndmoor
717-490-2785
 
Matthew Rutt, President
 
Civil engineering services to the real estate development community
Marco Protection Systems LLC 
288 Boot Road, Downingtown
610-363-2222
 
Matthew O'Brien, Life Safety Advisor
 
Installation, inspection, service and repair of fire alarm systems, fire sprinkler systems, restaurant fire suppression systems and fire extinguishers.
Nave Newell
900 West Valley Road, Suite 1100
Wayne
610-265-8323
 
Tim Brennan, Principal
Paul Lepard, Principal
Simon Winterbottom, Landscape Designer
 
Land development consultants - Civil engineers, surveyors, land planners, landscape architects

RETTEW Associates, Inc.
101 W. Elm Street, Suite 650
Conshohocken
800-738-8395
 
Chad Dixson, Regional Manager
 
Our expertise is wide and varied: We offer more than 450 engineering, environmental, surveying, planning, safety, and related consulting services in a range of markets. Spanning so many disciplines allows us to connect all the dots, to see how every piece of a project affects the other.

Member News and Events
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Montgomery County Chamber of Commerce:  News and Events
Tasty Table Catering:  Tasty Tuesday Shout Out
Valley Forge Tourism and Convention Board:  Introducing Our Arts Montco Printed Guide

Member Renewals
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On behalf of the Montgomery County Development Corporation, we would like to take this opportunity to thank you for your support. Your membership and participation has helped us achieve many accomplishments. We will continue to strive to improve both the quality and quantity of services and benefits to help grow your business and you professionally. We are particularly proud of the opportunity we have to partner with you to grow leaders!
Thank You!
 
Abington Township - member since 2002
Audubon Land Development - member since 2000
Brandywine Realty Trust - member since 1984
Brite Realty Services, Inc. - member since 2010
Comstar Technologies - member since 2017
DMR Graphics LLC - member since 2009
EnviroSure, Inc. - member since 2014
Firstrust Bank - member since 2000

Gorski Engineering, Inc. - member since 1972
Hankin Management Company - member since 1974
Knoll, Inc. - member since 2017
Lower Providence Township - member since 2008
Mutual Real Estate Corp. - member since 1991
Sidney E. Gable Associates Inc. - member since 1989
Situs Properties, Inc. - member since 1994
Stephano Slack LLC - member since 2016
Tornetta Realty Corp. - member since 1972
Financing
 
Montgomery County Opportunity Loan Program - 2018 Guidelines
 
Updated guidelines for the Montgomery County Opportunity Loan Program (MCOLP) have been released. As the Commerce Department's flagship economic development program, the Montgomery County Opportunity Loan Program (MCOLP) is a cooperative initiative of the County government, the Montgomery County Development Corporation (MCDC), and the Montgomery County Industrial Development Authority (IDA). The loan program offers fixed rate and term loans to help businesses grow, increase productivity, and maximize the value of their investments in Montgomery County, Pennsylvania.
 
MCOLP is designed to be utilized as a traditional economic development "gap financing" tool in conjunction with commercial lenders as well as other public sector and non-profit sector lenders. Successful applicants will work with the Commerce Department and other lending institutions to fund a project (such as an equipment purchase or a building expansion). The advantages of utilizing MCOLP funding as part of a project's funding include a reasonable fixed rate and term.
 
To download the new guidelines, visit: https://www.montcopa.org/1713/Loan-Program
 
PIDA Financing Announcement
 
The Pennsylvania Industrial Development Authority (PIDA) recently updated its interest rates for the quarter beginning January 1st, 2018. As the Certified Economic Development Organization (CEDO) for Montgomery County, MCDC can work with prospective applicants and their financial institutions to prepare and submit applications for PIDA funding. Terms and rates vary depending on the type of business, the project, and the use of funds. For additional information on the PIDA program, contact Catherine Lawrence ( Clawrenc@montcopa.org ).
 
The current guidelines for the PIDA program can be found here: https://dced.pa.gov/programs/pennsylvania-industrial-development-authority-pida/

MCDC's Supporting and Investor Members
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The Montgomery County Development Corporation (MCDC) is an independent not-for-profit, membership based organization dedicated to the economic development of Montgomery County. The mission of the MCDC is to promote the growth of business, industry and civic welfare in Montgomery County, Pennsylvania and to facilitate the exchange of information between and among businesses, industry and the governmental institutions