EDC Lancaster County Updates | September 2019 - Click here if you are having trouble viewing this message.
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Center for Regional Analysis
CRA Studies Local Labor Market Patterns
 

EDC's Center for Regional Analysis looked into labor market patterns to better interpret what employment statistics are signaling about our economy.  Labor markets are known for displaying strong seasonality that is predictable and regularly changes over a calendar year.  In Lancaster County, the number of employed persons typically rises through the first half of the year and falls in the second half.  Based on this pattern, we should expect the number of employed persons in Lancaster County to slightly decrease through the autumn months.  Typically, September levels are around 1.3% lower than what is observed in July.

The County’s unemployment rate follows a different pattern.  It rises and falls in the first half of year, with cyclical peaks typically occurring in January or February and then again in late summer.  In the second half of the year, employment levels and the unemployment rate tend to fall together. Based on historical patterns, Lancaster should expect to see the unemployment rate lower in the second half of the year.

 
EDC 2019 Annual Meeting

Register Today: 2019 EDC Annual Meeting

Registration is now open for EDC's 2019 Annual Meeting on Tuesday, November 5th.  Hundreds of Lancaster County's business and community leaders will gather at 7:00AM for networking with the program set to begin at 7:30AM.  During the program attendees will learn about economic development locally and in the state and hear EDC's annual update on the progress of several key initiatives.

Click here to register.  Don't delay as tables are filling up quickly and event registration will close on Monday, October 28th.  Need to sign up 8 or more?  Talk to Lisa or Amanda at 717-397-4046 about a table discount.  
 
Good Burrito Co.
Elizabethtown Restaurant Acquires Property
 
EDC assisted Good Burrito Co., based in downtown Elizabethtown, in attaining $200,000 in PIDA financing to assist in the purchase of the restaurant's currently leased facility.  This links EDC's strong interest in supporting the County's Boroughs with its expertise in economic development lending.  The restaurant, which has been in business since 2015, supports Elizabethtown borough and community with their "Mission for Good" approach that gives a portion of every dish to a good cause in the region.

Senior financing for Good Burrito Co.'s project was provided by M&T Bank.
 
This September 23rd to 25th, J.R. Bruno & Associates will hold SBA 504 loan closing training with Jan Garlitz at EDC's office in downtown Lancaster.  Attendees are coming from all over the region and country to attend the training.  If you're interested in learning more or signing up, click here.  
 
EDC Finance Update
Lending Rates
PIDA: 2.00%3.00%
SBA 504: 3.37% - 3.56%