Economic Development Council Of Northeastern Pennsylvania

Community & economic development- during the past year, edcnp operated the nonprofit assitance and research centers, the tobyhanna defense technology partnership, maintained the comprehensive economic development strategies (ceds) plan, administered startup nepa (an angel investment fund) and provided economic impact modeling, business retension services, community financing options (loans, tax credits, grants) for projects and grant seeking, writing and administrative services.

Business development- during the past year ecdnp closed 61 loans for a total of 24,539,850 and leveraged 37,358,905 in privvate/public financing. Edcnp's development assistance resulted in 295 jobs being retained or created. 84 entrepreneurs and small businesses were counseled. Edcnp assisted 60 businesses in various aspects of exporting and acquired 12 new clients. Companies reported 96 actions and 20 clients reported 81,999,205 in export sales and jobs being reatined or created.edcnp promoted "bringing the world to pa" which was hosted by pa's authorized trade representatives highlighting international markets, trends, and industry sectors. Edcnp assisted companies receiving prime contract awards totaling 100,149,820 and state/local government awards totaling 947,499 which in total supported 446 jobs. Edcnp conducted 1,217 counseling sessions.