Overview
What is Bucks County Economic Development Corporation?
Bucks County Economic Development Corporation (BCEDC) is a nonprofit organization situated in Doylestown, Pennsylvania. Its primary mission is to stimulate the local economy by offering low-cost loans to both commercial and non-commercial entities, funded by the Pennsylvania Industrial Development Authority or other lenders. The BCEDC aims to create a robust and thriving economic landscape by preserving and generating employment opportunities for Bucks County residents. To achieve this goal, the corporation helps businesses with their expansion, relocation, or startup plans by providing extended-term, low-interest loans for land, buildings, machinery, and equipment. By combining various programs, BCEDC creates innovative financing alternatives at lower-than-conventional rates. Furthermore, incentives like low-interest loans through the county, the Commonwealth of Pennsylvania, and the US Small Business Administration are offered to encourage businesses to expand in Bucks County.
Official website here: www.bcedc.com
Is Bucks County Economic Development Corporation legitimate?
Bucks County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bucks County Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,148
For more financial information, click here
Official website here: www.bcedc.com
What is the mission statement of Bucks County Economic Development Corporation?
The Bucks County Economic Development Corporation (BCEDC) has a mission to establish a robust and thriving economic foundation by preserving and creating job opportunities for the local community. The BCEDC aids businesses in their expansion, relocation, or startup plans by offering long-term, low-interest loans for land, buildings, machinery, and equipment. The corporation combines various programs to create innovative financing alternatives at rates lower than conventional ones. Expanding businesses in Bucks County can benefit from incentives such as low-interest loans provided by the county, the Commonwealth of Pennsylvania, and the US Small Business Administration.
Official website here: www.bcedc.com
Who is the CEO of Bucks County Economic Development Corporation?
Robert F Cormack is the Executive Di of Bucks County Economic Development Corporation.
Official website here: www.bcedc.com
What is the revenue of Bucks County Economic Development Corporation?
Bucks County Economic Development Corporation's revenue in 2022 was $480,886.
Official website here: www.bcedc.com
Who are the executives of Bucks County Economic Development Corporation and what are their salaries?
The average compensation at Bucks County Economic Development Corporation during 2022 was $102,472. There are 4 employees and 17 volunteers at Bucks County Economic Development Corporation.
Here are 19 key members and their salaries:
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Official website here: www.bcedc.com
Where can I find the form 990 for Bucks County Economic Development Corporation?
Bucks County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bcedc.com
Learn more at the official website: www.bcedc.com
Mission Statement of Bucks County Economic Development Corporation
The Bucks County Economic Development Corporation (BCEDC) is committed to fostering a robust and thriving economic landscape in the region. Their mission is centered around cultivating job opportunities for local residents by aiding companies in their expansion, relocation, or start-up processes. The BCEDC accomplishes this by offering long-term, low-interest loans for land, buildings, machinery, and equipment. By combining various programs, they create innovative financing solutions at rates lower than conventional ones. To further incentivize expansion within Bucks County, the corporation provides low-interest loans through multiple sources, including the county, the Commonwealth of Pennsylvania, and the U.S. Small Business Administration.
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Impact
October, 2024
The Bucks County Economic Development Corporation (BCEDC) plays a crucial role in strengthening the economic landscape of Bucks County, Pennsylvania. By focusing on job creation and preservation, the BCEDC works to ensure a robust economic base for the community.
It supports businesses at various stages, including startups, expansions, and relocations, by offering long-term, low-interest loans for essential assets such as land, buildings, machinery, and equipment. This financial assistance provides companies with innovative financing alternatives that are typically more favorable than conventional options, helping them to thrive while stimulating the local economy.
The organization facilitates incentives for businesses to expand within the region, tapping into resources from the county, the Commonwealth of Pennsylvania, and the U.S. Small Business Administration. Through these efforts, the BCEDC actively contributes to increasing employment opportunities and enhancing the overall economic vitality of Bucks County.
This information is meant to be a general summary of Bucks County Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40,814
- Program Service Revenue: $403,311
- Gross Receipts: $480,886
Assets and Liabilities:
- Total Assets: $9,691,942
- Total Liabilities: $3,873,314
- Net Assets: $5,818,628
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REFERRAL FEES
Revenue
$176,873
COMMITMENT FEES
Revenue
$126,461
LOAN INTEREST
Revenue
$35,987
SERVICE FEES
Revenue
$26,540
APPLICATION FEES
Revenue
$22,250
Organization Details
Founding Year
1958
Phone
(215) 348-9031Principal Officer
Robert F Cormack
Main Address
115 WEST COURT STREET 2ND FLOOR, DOYLESTOWN, PA, 18901
Website
www.bcedc.comNTEE Category
Code: S30 - Community improvement
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