PEDA - Pennsylvania Economic Development Association

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  • 05/15/2020 5:11 PM | Anonymous member (Administrator)

    The May 15, 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Advocacy Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 05/04/2020 11:25 AM | Anonymous member (Administrator)


    Michael Grigalonis

    The COVID-19 pandemic has impacted the way we lead our organizations and support our businesses in communities across Pennsylvania. Difficult decisions have had to be made - including this past week's call to cancel PEDA's 2020 Spring Conference - and more will be faced in the recovery ahead. Yet, despite these challenges, I have found it heartening to see the enhanced level of dialogue between and collaboration among economic development professionals and partners as we all seek an expeditious path back to normalcy that takes into account our citizens' physical and financial wellbeing.

    I'd like to thank the many members and partners of PEDA who have provided and continue to provide thoughtful insight regarding funding and policy around COVID-19, including, but not limited to, the COVID-19 Working Capital Access Program (CWCA). As many of you know, there is an ongoing recovery-related dialogue between PEDA and DCED leadership and we have offered them a number of concepts to keep in mind should an additional round of CWCA funding become available. A few highlights of these thoughts are provided below, each of which recognizes that the processes associated with the first round of funding were necessary to meet immediate objectives and that a prospective second round of funding would allow time to develop new, strategic processes for deployment.

    • Establishment of Allocations: Allocating funds by community (which could be a PREP region, county or CEDO, for example) would ensure professionals with their fingers on the pulse of their respective business communities could be more strategic in vetting applicants and provide a measure of equalization in assuring businesses with the most pressing financial needs are top priority.
    • Calculation of Allocations: This could be based on a variety of factors, ranging from proportionately allocating monies to PREP regions based on population (assuring urban, rural and suburban areas of gaining access) to allocating dollars based on the timeframes in which communities are expected to reopen (The later the phased opening, the more funds should be made available.).
    • Expiration of Allocations: To prevent funds from sitting unused in one community's allocation while businesses' needs remain unmet in other communities, a date could be established on which any funds allocated to a community and unused could be rolled into the general program fund for distribution on a first-come, first-served basis anywhere across the state.
    • Timing of Application Period: To allow adequate time for a community to ramp up and communicate with their businesses, the application period of a second round of funding should be pushed out to July and announced as soon as possible.
    • Inclusion / Omission of Certain Industries: A strategy should be developed to determine what businesses should be included, focused on or excluded in a future round of funding. Eligibility could be determined by, for example, NAICS codes, annual revenue, number of employees, etc.
    • Other: Other suggestions focus on allowing some level of compensation to help CEDOs defray costs, adjusting the DSCR, expanding the term to a straight 10 year term, etc.

    Please continue to share your recommendations and stories of creative ways in which you're serving the needs of your communities and, recognizing you may be inundated with offerings from many providers, let us know where PEDA can help to meet your recovery-related training needs. 

  • 05/04/2020 9:56 AM | Anonymous member (Administrator)

    The May 4, 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Legislative Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 04/23/2020 7:23 PM | Anonymous member (Administrator)

    A new COVID-19 supplement to the April 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Legislative Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 04/22/2020 12:06 PM | Anonymous member (Administrator)

    As a result of the rapidly evolving COVID-19 crisis, the world is a much different place than it was just a few short weeks ago. Accordingly, the Pennsylvania Economic Development Association (PEDA) understands this year's legislative process will be unlike any we've seen in modern times and has focused its advocacy efforts on securing the programs, funding and flexibility that will enable its members and partners to pave a path that will allow our business community to stabilize, recover and return to prosperity as quickly as possible. 

    However, House Bill 1822 was amended this week to allow for the freezing of several funds, including the Pennsylvania Industrial Development Authority (PIDA), Ben Franklin Technology Development Authority Fund and PA Infrastructure Bank funds.  

    Please visit our Action Center today to oppose this legislation and any other measures that strip us of the tools needed now more than ever to help the economy of Pennsylvania recover. With just a few quick clicks, you'll be able to send letters to your legislators, the Governor and local media either using the prepopulated content or your own customized language.
  • 04/21/2020 11:37 AM | Anonymous member (Administrator)

    PEDA Priorities for Pennsylvania Economic Development

    Following an April 20th vote by its Board of Directors, the Pennsylvania Economic Development Association ("PEDA") has announced its FY2020-21 Advocacy Priorities.

    Annually, PEDA prioritizes the programs and policies that are key to Pennsylvania’s economic growth and local communities’ competitiveness, so that the organization can support the state’s existing businesses and attract new ones. As a result of the rapidly evolving COVID-19 crisis, PEDA understands this year’s legislative process will be unlike any it has seen in modern times and has focused its advocacy efforts on securing the programs, funding and flexibility that will enable its members to pave a path that will allow our business community to stabilize, recover and return to prosperity as quickly as possible.

    The top 3 priorities, which are outlined in great detail at the document linked above, are as follows:

    1. Allocate Additional Funding to COVID-19 Working Capital Access Program (“CWCA”)
    2. Craft and Champion a Bold and Meaningful State Recovery and Stimulus Package
    3. Establish a Dedicated Funding Stream for Economic Development Corporations (“EDCs”)

    About Pennsylvania Economic Development Association

    PEDA's mission is to promote sound economic development policies, provide leading-edge economic development education and nurture an effective statewide economic development network to foster the economic growth of the Commonwealth.

  • 04/20/2020 10:19 AM | Anonymous member (Administrator)

    A COVID-19 Supplement to the April 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Legislative Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 04/14/2020 12:59 PM | Anonymous member (Administrator)

    A COVID-19 Supplement to the April 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Legislative Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 04/03/2020 10:49 AM | Anonymous member (Administrator)

    The April 2020 Advocacy report, provided by Alex Rahn of Wanner Associates, is now available on the Members Only Legislative Reports page of PEDA’s website. Please use your membership credentials to gain access.

  • 03/31/2020 2:59 PM | Anonymous member (Administrator)

    Michael Grigalonis

    Many of our organizations have been around for 60 years and, perhaps never in our collective histories, have we been more important in our communities. The unemployment numbers are staggering, exceeding historic highs by 5x. Our business community is devastated and the uncertainty of when we return to "normal" makes things that much worse. The pressure is on us as economic developers and we have no choice but to deliver!

    Sending a "letter from the President" seems so trivial and meaningless at the moment, however, I did think it was important to remind you that PEDA is a resource to you and is available to support whatever needs you may have. If and when things settle down just a little bit, Josh and I discussed a teleconference among our members to share experiences and exchange best practices around COVID. We are all consumed with triage and emergency efforts, currently, but things will eventually slow down and it will be refreshing to take a few moments to learn from each other.  

    I do owe you an introduction to our new Government Affairs representative at Wanner (Alex Rahn), but will wait for a more appropriate and less busy time so we can give him a proper introduction and welcome. He's been tremendously helpful, thus far, and making sure leadership in Harrisburg is aware of the critical role played by PEDA members.

    Here are just a few quick updates for you regarding PEDA's day to day operations: 

    • Members of PEDA staff are working remotely, but are available by phone and email.
    • PEDA's government relations team is actively engaged with state legislators in the pursuit of funding to assist the economic development community during the current crisis and in the days that follow. Information will be shared as it's available, but it is critical that PEDA members maintain engagement with their legislators to educate on the impact of our efforts and to advocate for the resources necessary to help our communities survive and thrive.
    • Due to the compacted schedules we'll all experience, as spring events are pushed to the summer and fall, PEDA will not hold a live 2020 series of regional meetings. Instead, as mentioned previously, other opportunities (e.g., teleconference) will be sought to convene discussions of PEDA members.

    As always, we welcome any thoughts or ideas on how PEDA can add value to your organization. In the meantime, I wish you the best as you deal with the economic crisis in your community.

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