Local Economic Development Organizations
Countywide Economic Development Organizations
The Chamber of Business & Industry of Centre County (CBICC) is a membership organization comprised of businesses ranging in size from large international corporations to sole proprietorships, and everything in between.
With over 1,000 members, the CBICC is one of the largest and most influential chamber/economic development organizations in Pennsylvania.
The Centre County Industrial Development Corporation (CCIDC) remains the CBICC's legal entity for economic development and business financing in Centre County and is also the lead agency in the county for the administration of Pennsylvania Industrial Development Authority loans. In addition, the CCIDC participates in sponsorship of Pennsylvania Economic Development Finance Authority loans.
Centre County Industrial Development Authority
The Centre County Industrial Development Authority was formed in 2003 by the Board of Commissioners to assist local businesses secure financing for construction projects under the applicable rules and regulations authorized by the Pennsylvania Economic Development Financing Law. Seven members comprise the Board of Directors.
Funding sources currently being administered by the CCIDA on behalf of Centre County projects include:
- Pennsylvania Redevelopment Assistance Capital Program (RACP) reimbursement grants
- Infrastructure and Facilities Improvement Program (IFIP) project funds, and
- Tax Exempt Bonds
Meeting Time: Monthly the first Wednesday of each month at 3:30 p.m. in Room 144, Willowbank Office Building, Bellefonte, PA 16823
Centre County General Authority
The Centre County General Authority was formed under the PA Municipality Authorities Act in 2011 to promote and assist with economic development efforts, including but not limited to recruitment, expansion, rehabilitation, and improvement of business and industry within Centre County and surrounding communities. The Authority's intent is to create and maintain jobs in order to ensure an improved standard of living and to increase the prosperity of all residents of the communities served by the Authority.
Seven members comprise the Board of Directors.
Tax-exempt Bonds are currently the primary form of financing administered by the CCGA on behalf of Centre County projects. Applicant Information:
Meeting Time: Monthly on the first Wednesday immediately following the Centre County Industrial Development Authority Meeting
Regional Economic Development Organizations
The Moshannon Valley Economic Development Partnership, Inc. (MVEDP) is a private, non-profit corporation that was formed in 1988. The purpose of the Partnership is to further economic development of the Moshannon Valley in order to relieve existing unemployment by purchasing, owning, selling, leasing, remodeling, and repairing properties to provide industrial sites, housing units, and other facilities which will further the economic development and welfare of the community.
In an effort to create new job opportunities for the people of the Moshannon Valley, the Partnership works to assist existing companies to grow and expand, markets the area to outside firms that might be interested in locating to the Valley, and assists entrepreneurs that want to start new businesses in the area.
The Bellefonte Intervalley Area Chamber of Commerce promotes the economic benefit of its members and the development of business in the Bellefonte and Intervalley area.
The Chamber's services include the provision of general economic and community development assistance, cooperative marketing opportunities, business and organizational promotions, customer referrals, member training and information services, weekly e-mail updates and periodic newsletters, monthly member networking activities and health insurance programs.
The Downtown State College Improvement District (DSCID) is a Neighborhood Improvement District, established by ordinance of the Borough of State College in accordance with the laws of Pennsylvania. The District extends from Atherton Street to Sowers Street, College Avenue to Highland Alley.
Our mission is to provide a safe, clean environment in State College Borough and to enhance the image of Downtown State College to encourage people to live here, work here, play here, and visit here.
With over 400 participating businesses, the DSCID sponsors annual events, promotions and other civic-minded pursuits that add value to the State College experience, and reinforce our belief that there's no better place in the world to find your own state of mind.
Lee Anne Jeffries