Overview
What is Capital Region Economic Development Corp?
The Capital Region Economic Development Corp, based in Harrisburg, Pennsylvania, serves as a catalyst for economic growth in Cumberland, Dauphin, and Perry counties. Their primary objective is to foster policy changes, stimulate job creation, and promote business expansion, ultimately enhancing the quality of life in the region. They achieve this through various means, such as financing and loan programs, international export opportunities, regional infrastructure development, and existing business retention and expansion. In 2021 alone, their initiatives led to approximately $42 million in private investment, $90 million in public funding, and the creation or retention of 2,200 jobs in South Central Pennsylvania.
Official website here: www.harrisburgregionalchamber.org
Is Capital Region Economic Development Corp legitimate?
Capital Region Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Region Economic Development Corp 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.
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Official website here: www.harrisburgregionalchamber.org
What is the mission statement of Capital Region Economic Development Corp?
The Capital Region Economic Development Corp serves as a catalyst for promoting policy change, fostering job creation, and encouraging business growth in Cumberland, Dauphin, and Perry Counties. This organization aims to enhance the quality of life in the region by facilitating economic development through various means. These include financing and loan programs, site location assistance, international export opportunities, regional infrastructure development, and supporting the retention and expansion of existing businesses. During 2021, the CREDC originated 16 projects, resulting in approximately $42 million in private investment, $90 million in public funding, and the creation or retention of 2,200 jobs in South Central Pennsylvania.
Official website here: www.harrisburgregionalchamber.org
Who is the CEO of Capital Region Economic Development Corp?
Ryan Unger is the President of Capital Region Economic Development Corp.
Official website here: www.harrisburgregionalchamber.org
What is the revenue of Capital Region Economic Development Corp?
Capital Region Economic Development Corp's revenue in 2022 was $624,391.
Official website here: www.harrisburgregionalchamber.org
Who are the executives of Capital Region Economic Development Corp and what are their salaries?
There 150 volunteers at Capital Region Economic Development Corp.
Here are 36 key members and their salaries:
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Official website here: www.harrisburgregionalchamber.org
Where can I find the form 990 for Capital Region Economic Development Corp?
Capital Region Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harrisburgregionalchamber.org
Learn more at the official website: www.harrisburgregionalchamber.org
Mission Statement of Capital Region Economic Development Corp
The Capital Region Economic Development Corp serves as a catalyst for fostering policy change, promoting job creation, and driving business growth in Cumberland, Dauphin, and Perry Counties. This nonprofit organization aims to enhance the quality of life in the region by actively participating in economic development activities. To accomplish this, the Capital Region Economic Development Corp employs various strategies, such as financing and loan programs, building and site location, international export opportunities, regional infrastructure development, and supporting the retention and expansion of existing businesses.
During the year 2021, the Capital Region Economic Development Corp originated 16 projects, resulting in approximately $42 million in private investment, $90 million in public funding, and the creation or retention of 2,200 jobs in South Central Pennsylvania. By engaging in these initiatives, the Capital Region Economic Development Corp demonstrates its commitment to driving economic growth and improving the livelihoods of its community.
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Impact
October, 2024
Capital Region Economic Development Corp (CREDC) plays a pivotal role in fostering economic growth and enhancing the quality of life in Cumberland, Dauphin, and Perry Counties. Its mission focuses on acting as a catalyst for policy changes that encourage job creation and business expansion. By promoting economic development initiatives, CREDC targets financing and loan programs, site location assistance, and international export opportunities.
In 2021 alone, CREDC spearheaded 16 projects that garnered approximately $42 million in private investment and $90 million in public funding. These efforts resulted in the creation or retention of about 2,200 jobs in South Central Pennsylvania. Their commitment to building infrastructure and supporting existing businesses reinforces the region's economic stability and growth potential, making a significant impact on the community.
This information is meant to be a general summary of Capital Region Economic Development Corp. 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: $8,165
- Program Service Revenue: $317,443
- Gross Receipts: $741,925
Assets and Liabilities:
- Total Assets: $5,174,095
- Total Liabilities: $1,139,173
- Net Assets: $4,034,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$171,000
COMMITMENT FEES
Revenue
$77,949
REVOLVING LOAN INTEREST
Revenue
$36,638
DIRECT FINANCING LEASE INT
Revenue
$31,856
Organization Details
Founding Year
1984
Phone
(717) 232-4099Principal Officer
Ryan Unger
Main Address
3211 NORTH FRONT STREET STE 201, HARRISBURG, PA, 17110
NTEE Category
Code: S41 - Community improvement
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