March 3, 2026
Goals…
State of the Economy
March 3, 2026
• The Retention and Expansion of Existing Businesses • The Selective Attraction of New Businesses to help Diversify the Local Economy
Assist Business Start-Ups
2025 Review
State of the Economy
March 3, 2026
2025 Review
State of the Economy
March 3, 2026
Repositioning Existing Industrial
• $1.8 Million Capital Investment
• 3-year lease with Quick Lock USA
• 20-25 FTE
2025 Review
State of the Economy
March 3, 2026
Completing the Wharf Road Industrial Park
• PA Sites Infrastructure Grant-$4.6+ Million
• All Three lots are UNDER AGREEMENT
• Land Development Plan Submitted
2025 Review
State of the Economy
March 3, 2026
Targeted Financing to Support Retention and Expansion of Existing Businesses
$2 Million PIDA Loan Retaining 87 Employees
• $762,500 PIDA Loan
• Retaining 20 Employees
2025 Review
State of the Economy
March 3, 2026
State of the Economy
March 3, 2026
Challenges and Opportunities
• Data Center Development
• Penn State Mont Alto Reuse Strategy
• Scotland School
• Chambersburg Mall
• Transportation
• Small-to-Medium Sized
Industrial Sites
March 3, 1986
State of the Economy
March 3, 2026
Happy Birthday FCADC
State of the Economy
March 3, 2026
• More than 1,070 projects
• $3.7+ BILLION of Capital Investment
• $355+ Million of Economic Development Resources
• Impacted more than 62,000 Jobs
March 3, 2026
Impact Facts…Diversification
State of the Economy
March 3, 2026
Impact Facts… 1986-2026
• 24 Million square feet of Warehousing and Distribution Space
• 20,000+ acres of ag land preserved (County + partners have invested $45 Million)
State of the Economy
March 3, 2026
• 63 Ag projects
• Supporting $193.5 Million of Capital Investments
• $22.8 Million of Economic Development Resources
• 900 Ag jobs created/retained
March 3, 2026
Fun Facts… 1986-2026
Largest Employer
Population 113,000 160,000 (42% increase)
Letterkenny Army Depot (5,000 employees)
WellSpan Health (3,600 employees)
Bosco and Rhonda were 10 years old Months away from 50!
State of the Economy
March 3, 2026
State of the Economy
March 3, 2026
Fun Facts… 1986-2026
Oldest Continuously Operating Business
• Carl’s Drug Store, Greencastle
• 1825 – John Quincy Adams was President
Oldest Continuously Operating Manufacturer
• Frick Company, Waynesboro
• 1852 – Millard Fillmore was President
State of the Economy
March 3, 2026
First Two Loan Projects Ever…
1st Loan Project…EVER
• Norman Diehl’s Sons (aka FabTechV Industries)
• Greencastle/Antrim
• $100,000 PA Capital Loan Fund
• 8 new jobs, 15 retained
2nd Loan Project
• LSI Controls
• Waynesboro
• $117,935 PIDA Loan
• 8 new jobs, 5 retained
State of the Economy
March 3, 2026
• 264 FCFF Loans
• $14.8 Million of Lending by FCADC
• Supporting $97.6 Million of Capital Investment
• Created/Retained 4,500+ jobs
March 3, 2026 40 Year Impact…
• $49 Million+ of Private Real Estate Investment by FCADC
State of the Economy
40 Year Impact… 1986-2026
State of the Economy
March 3, 2026
• 1996 Pennsylvania Economic Development Association Small Economic Development Organization of the Year
• 2012 Pennsylvania Economic Development Association Large Economic Development Organization of the Year
The only economic development organization to receive both awards
• 2012 Pennsylvania Economic Development Association Project of the Year-Volvo Construction Equipment Expansion
• Numerous Awards and Recognition for Marketing Materials and Publications