HARRISBURG, PA — State Rep. Dan Williams announced he has been appointed to the board of the Chester County Industrial Development Authority by the Chester County Commissioners.
“I am both honored and excited by this opportunity to lend my expertise to help develop our county’s economy by serving on the board of the Chester County Industrial Development Authority,” Williams, D-Chester, said. “I plan to use my understanding of state government programs and the legislative process to provide guidance to the CCIDA so that it can maximize opportunities for economic development in the region.”
The Chester County Industrial Development Authority provides capital financing for nonprofit organizations, manufacturing companies and first-time farmers through its Industrial Revenue Bond and Mortgage Program. Three types of tax-free vehicles are available through this program.
CCIDA additionally runs the Neighborhood Improvement District program, a new financing tool for projects with significant infrastructure requirements. The Chester County Industrial Development Authority has already implemented two successful NID projects in Chester County — Woodlands at Greystone in West Chester and Steelpointe in Phoenixville.
“CCIDA helps Chester County thrive, whether it’s through neighborhood improvement projects that improve quality of life, providing financial assistance to our job-producing manufacturing companies, or by giving our first-time farmers a chance to build profitable farms,” Williams said. “I’m eager to assist CCIDA in its mission to strengthen our communities by creating jobs and increasing revenue in Chester County.”
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