Overview
What is Somerset County Economic Developmen Council?
The Somerset County Economic Development Council is a nonprofit organization based in Somerset, Pennsylvania. Their primary mission is to foster economic growth within the county by actively recruiting new businesses and supporting existing ones. They achieve this by offering assistance in securing financing, promoting industrial, commercial, and retail development, and operating a micro-revolving loan fund for new businesses. Additionally, the council aids in retaining or expanding employment opportunities within Somerset County. Their goal is to contribute to the county's overall economic development, ultimately leading to job creation.
Official website here: www.scedc.net
Is Somerset County Economic Developmen Council legitimate?
Somerset County Economic Developmen Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Somerset County Economic Developmen Council 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.scedc.net
What is the mission statement of Somerset County Economic Developmen Council?
The Somerset County Economic Development Council was established with a mission to foster economic growth in the county. This is achieved by recruiting and assisting new businesses to settle in the area, while also helping existing companies retain or expand their employment. The organization's activities are geared towards promoting industrial, commercial, and retail growth. This is accomplished by providing the development and sale of industrial/business park land, encouraging business relocation to Somerset County, and assisting businesses in obtaining financing. Additionally, the council operates a micro-revolving loan fund to support new businesses and aid established ones in retaining or expanding their employment.
Official website here: www.scedc.net
Who is the CEO of Somerset County Economic Developmen Council?
Cassie Moon is the Vice Preside of Somerset County Economic Developmen Council.
Official website here: www.scedc.net
What is the revenue of Somerset County Economic Developmen Council?
Somerset County Economic Developmen Council's revenue in 2022 was $74,120.
Official website here: www.scedc.net
Who are the executives of Somerset County Economic Developmen Council and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.scedc.net
Where can I find the form 990 for Somerset County Economic Developmen Council?
Somerset County Economic Developmen Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scedc.net
Learn more at the official website: www.scedc.net
Mission Statement of Somerset County Economic Developmen Council
The Somerset County Economic Development Council, established with a mission, is dedicated to fostering industrial, commercial, and retail growth in Somerset County, Pennsylvania. Its primary objective is to attract and aid new businesses in setting up operations within the county, while simultaneously supporting existing companies in retaining or expanding their employment base. To achieve this, the council engages in various activities, such as the development and sale of industrial/business park land, promoting business relocation to Somerset County, and assisting businesses in securing financing. Furthermore, the council operates a micro-revolving loan fund, specifically designed to support the establishment of new businesses and aid existing ones in retaining or expanding their employment capacities.
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Impact
October, 2024
The Somerset County Economic Development Council significantly impacts the region by driving industrial, commercial, and retail growth. Its primary focus is on attracting new businesses to Somerset County while actively supporting the expansion and retention of existing firms. This dual approach not only helps create new jobs but also strengthens the community's economic foundation.
By facilitating the development and sale of industrial and business park land, the Council plays a crucial role in providing the infrastructure necessary for business success. Additionally, it assists businesses in obtaining financing, including operating a micro-revolving loan fund tailored for new ventures. This financial support can be the catalyst for growth, enabling companies to expand their operations and hire more employees.
Through these efforts, the Somerset County Economic Development Council fosters a thriving business environment, contributing to the overall economic vitality of the county and enhancing the quality of life for its residents.
This information is meant to be a general summary of Somerset County Economic Developmen Council. 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: $1,588
- Gross Receipts: $74,120
Assets and Liabilities:
- Total Assets: $1,922,592
- Total Liabilities: $7,856
- Net Assets: $1,914,736
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Organization Details
Founding Year
1957
Phone
(814) 445-9655Principal Officer
Cassie Moon
Main Address
PO BOX 48, SOMERSET, PA, 15501
Website
www.scedc.netNTEE Category
Code: S30 - Community improvement
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