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Business fund drive looking to 'invest in progress'

November 19, 2002|by STACEY DANZUSO

chambersburg@herald-mail.com

CHAMBERSBURG, Pa. - The Franklin County Area Development Corp. wants to raise more than $300,000 over the next three years to build shell buildings and further other initiatives.

The agency announced the "Investing in Progress" capital campaign last week, President L. Michael Ross said.

Specifically, the funds will go toward constructing and managing shell buildings, implementing a targeted marketing strategy and supporting regional economic development projects.

Ross said the agency has been funded evenly by the Franklin County Commissioners and revenue from private donations since it was founded in 1986.

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"I believe it is important to retain a partnership between the county and the private sector. It creates a balance," he said.

Ross said FCADC is looking to get into more development, so the funds from the campaign will help support the efforts of developing shell buildings it will market to new businesses. The first project planned will be built next year in the Cumberland Valley Business Park on the former Army land the corporation purchased last year.

"We are also looking at trying to upgrade and strengthen our overall marketing efforts to support economic diversification," he said.

Most of the funding will come from local developers and companies who do business in the region.

"We're trying to emphasize that support of the Franklin County Area Development Corporation should be looked at as more of an investment than a typical contribution," Ross said. "I believe the return is a growing economy, and we think that is an important benefit."

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