Overview

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Est.

1958

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Bucks County Economic Development Corporation (BCEDC) is dedicated to fostering economic development in Bucks County by creating and preserving job opportunities for residents. With an operating budget of $709.2K and total revenue of $423.8K for the 2024 filing year, the organization provides innovative financing options, including long-term, low-interest loans for businesses seeking to start, expand, or relocate. The BCEDC's key funding partner is the Philadelphia Industrial Development Corporation, which contributes significantly to its financial support.

Mission Statement

THE MISSION OF THE BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION (BCEDC) IS TO CREATE A STRONG AND VITAL ECONOMIC BASE THROUGH THE PRESERVATION AND CREATION OF JOB OPPORTUNITIES FOR BUCKS COUNTY RESIDENTS. THE BCEDC ASSISTS COMPANIES WITH START UP, EXPANSION AND/OR RELOCATION PLANNING BY PROVIDING LONG-TERM, LOW INTEREST LOANS FOR LAND, BUILDINGS, MACHINERY AND EQUIPMENT. VARIOUS PROGRAMS ARE COMBINED TO CREATE INNOVATIVE FINANCING ALTERNATIVES AT LOWER THAN CONVENTIONAL RATES. INCENTIVES TO EXPAND IN BUCKS COUNTY INCLUDE LOW INTEREST LOAN THROUGH THE COUNTY, THE COMMONWEALTH OF PENNSYLVANIA AND US SMALL BUSINESS ADMINISTRATION.
Revenues
$423.8K
Expenses
$709.2K
Net Income:
-$285.4K
Assets
$8.6M
Liabilities
$3.2M
Net Assets:
+$5.3M
Operating Budget
$709.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$48.9K
Largest grant received
$48.9K
R
Robert F Cormack
Board Member
D
Dan E Hines
Board Member
S
Sherri Schulz
Board Member

Frequently Asked Questions

What is BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $709 thousand. More detailed financial information is available to registered users.
What causes does BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION support?
BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION supports work in Economic development.
Where does BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION operate?
BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION is headquartered in DOYLESTOWN, PA.
Who funded BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION recently?
In 2015, BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION received grants from PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION and PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION received in 2015?
The largest grant to BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION in 2015 exceeds $49 thousand.