In The News... •
FCADC Finalizes Purchase of 1675 Orchard Drive
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FCADC State of the Economy Luncheon
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FCADC Facilitates PIDA Financing for BBCD Enterprises, LLC
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Mike on the Mic Podcast is back!
County Unemployment Rate 3.6% On March 20th the PA Department of Labor & Industry reported that the ChambersburgWaynesboro statistical area unemployment rate was 3.6% in January which is lower than the national and statewide averages. It was also reported that total jobs were up over the month of January to 63,200, which tied a record high set in October. Over the year jobs were up 2,200.
1900 Wayne Road Chambersburg, PA 17202 Phone: 717-263-8282 www.fcadc.com E-mail: info@fcadc.com
The Developer Volume 16, Issue 1
1st Quarter 2025
www.fcadc.com
...Message from Mike Spring has arrived, and with it, we’re hoping that the old adage about April showers proves true — we could certainly use the rain. This season always brings a renewed energy after the quiet of winter, and as you'll read, the team at FCADC has been anything but idle. Before we get into what’s been happening, let me start with what hasn’t changed. Unfortunately, there is no new information to share regarding the Chambersburg Mall, the former Scotland School for Veterans’ Children, or the 1,005,000-square-foot logistics building at the Marion exit off I-81. These properties remain high priorities, and our team is fully engaged in efforts to support potential investors and return these assets to productive use. Now, let’s take a look at what has been happening over the past three months: • • •
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FCADC successfully acquired the 25,200-square-foot former Gates Rubber building at 1675 Orchard Drive in Chambersburg. This property is now available for lease. We facilitated $762,500 in low-interest financing to support ProTube’s continued operations at 4872 Zane Miller Drive in the Wharf Road Industrial Park. In collaboration with the Chambersburg Area Development Corporation and the Chambersburg Area School District, we helped open the new Community Engagement Center at 20 South Main Street. We rebranded our podcast, Mike on the Mic, and the response has exceeded expectations. You can find it on YouTube or wherever you listen to podcasts — I encourage you to like and subscribe.
On March 6, we hosted our State of the Economy luncheon, where we focused on the growing impact of the childcare crisis on local employers. We also had the pleasure of recognizing two outstanding leaders: retiring F&M Trust President and CEO Tim Henry, and former State Representative Paul Schemel, for their exceptional service. Unless something unexpected shifts the landscape, all signs point to a busy remainder of 2025. We remain committed to supporting the start-up, growth, and expansion of businesses throughout Franklin County. If we can assist you in any way, please don’t hesitate to reach out. All the best, Mike