The Bucks County Economic Development Corporation (BCEDC) is an independent, non-profit economic development organization that has been supporting businesses and economic growth in Bucks County since 1958.  Over these many years, BCEDC has offered a wide array of financial services, site selection assistance, and other programs to promote and enhance the growth of the county’s business and industrial sectors.  Unfortunately, challenging market conditions over the past several years have resulted in a financial situation that is no longer sustainable to allow the BCEDC to provide these services. Additionally, with two-thirds of BCEDC's full-time staff nearing retirement, the corporation faces significant operational and staffing challenges.

After careful consideration of alternatives, the BCEDC Board of Directors, with the approval of membership, have made the difficult decision to cease operations and dissolve the Corporation.

As BCEDC develops and implements a plan for dissolution, our staff and business partners remain our top priority. Companies with loans serviced by BCEDC will not be negatively impacted financially as an alternative servicer is being sought for our loan portfolio. Also, BCEDC will comply with its By-laws when addressing the disposition of any assets remaining upon dissolution.

Bob Cormack, Executive Director shares his thoughts: “The Bucks County Economic Development Corporation (BCEDC) has been a pivotal force in my life since 1989. I had the privilege of developing our logo, building a dedicated team to meet the needs of the county, and ultimately creating jobs for residents of Bucks County. Over the years, our efforts resulted in more than 90,000 job opportunities and a capital investment in excess of $9,000,000. Although there have been many tremendous accomplishments, two (2) of our more significant accomplishments were (i) the sale of the Ivyland Railroad and (ii) the transformation of the Naval Air Warfare base; the latter which transformed a million square foot government facility on 8.75 acres and integrated into the private sector, supported by a $4,500,000 grant for a new sewage facility.  Over the years, our partnership with the Pennsylvania Industrial Development Authority became the backbone of BCEDC, enabling us to drive forward our mission and goals. As we embark on this final chapter, I can only extend my heartfelt gratitude to my board members, employees, and local municipalities for their unwavering support. Together, we have helped make Bucks County a unique and prosperous place for businesses to thrive and families to call home. Thank you for being part of this extraordinary journey.”

BCEDC would like to express its heartfelt gratitude for the generous support and cooperation of so many community partners who have enabled the organization to have a positive impact on businesses and employment in Bucks County. 

For questions contact:  Robert Cormack, Executive Director, rfc@BCEDC.com, 215-348-9031.

Loan Programs

The purpose of PIDA is to stimulate the construction of industrial building and/or development projects to increase employment in Pennsylvania with the focus on job creation or job retention.

The PA Department of Community and Economic Development has launched the Diverse Business Financing Initiative (DBFI) to support and grow qualifying diverse businesses committed to full-time job creation and retention.

The BCEDC Business Builder Loan Program was established to provide funding to small and emerging Bucks County companies. The primary goal of this loan program is the creation and preservation of employment.