Back to list October 15, 2019How CAEDC is Growing Economic Development in Cumberland County?Cumberland County is growing every day with the help of the Cumberland Area Economic Development Corporation (CAEDC). An agency founded by the Cumberland County Board of Commissioners, we offer a wealth of resources and strategies to help maintain and improve the economy and tourism assets in the area. Whether you’re a business owner looking to expand or you simply need to find a job, CAEDC has the solution for you.What Does CAEDC Do?Our purpose is to help Cumberland County thrive. Every town, municipality or community needs jobs and businesses in order to foster growth and attract new residents and visitors. From offering funding and financing to providing redevelopment strategies and incentives, CAEDC has many methods that contribute to economic development and higher quality of life for residents. It’s no wonder that Cumberland County is currently the fastest growing county in the state of Pennsylvania.How Does CAEDC Help Current Businesses?If you need assistance to boost your business in Cumberland County, you’ll be happy to know that we have a variety of services available, including:Financing: If you want to expand your business, we’ll help identify a funding solution that is suited to your needs. At CAEDC, we can offer low-interest loans, grants and access to funding that can help take some of the financial burden off your shoulders and bridge the gap between traditional bank financing and total project costs.Incentive programs: We know running a business presents challenges. As the certified economic development agency for Cumberland County, we have access to several incentive programs that you may qualify for, such as public funding and tax incremental financing.Information: CAEDC offers extensive data to business owners regarding Cumberland County demographics, tax information, key industries, transportation, workforce data and more. We’ll make your research simple so that you can stay up-to-date and develop marketing strategies as efficiently as possible.Networking: In the business world, it’s crucial to have a strong networking system. CAEDC offers a number of events and development services throughout the year, which can help you make connections with other businesses, contractors, service providers or local, state and federal government officials.How Does CAEDC Help New Businesses?CAEDC does more than assist current businesses — we also want to attract and assist new business owners looking for a place to start. Thanks to its fast-moving economic development, Cumberland Valley is one of the best places in the state to start a new business. Our financing programs will help you make your business plan more economically feasible so that you can avoid having to handle all the initial expenses on your own.In addition, you can use our information resources to strategize and estimate your business success ahead of time. While every investment comes with risks, you can maximize your chances of success by staying informed and using our data to your advantage.How Does CAEDC Benefit the Community?CAEDC’s greatest service to the community is our ability to create new jobs and opportunities by retaining, growing and attracting businesses. We work with businesses and community members themselves to lead to workforce growth and ensure constant improvements in jobs and quality of life.CAEDC is also the designated tourism promotion agency for the county and conducts destination marketing as the Cumberland Valley Visitors Bureau in an effort to sell the area as a desirable tourist destination. Tourism is economic development and boosts the economy by providing new and increased customers to our local businesses — meaning it can benefit both you as a business owner and the surrounding community.Are you ready to make your business flourish and contribute to Cumberland County’s growing economy with the help of CAEDC? Contact us now for more information about our services.