Citing accomplishments in the past decade since the last “economic summit,” WEDCO President James LaBar said it was time to renew strategic plans.


Citing accomplishments in the past decade since the last “economic summit,” WEDCO President James LaBar said it was time to renew strategic plans.
LaBar addressed the hundreds of attendees at the April 20th Annual Meeting of WEDCO, held at Bryn Mawr Conference Center. Before keynote speaker Congressman Tom Marino spoke, LaBar outlined some of WEDCO’s progress and plans.
WEDCO hosted a major economic summit in December 2000 where 85 businesses, government and community leaders gave input for WEDCO’s direction in the coming 10 years.  Goals include infrastructure improvements, workforce development and sites for industrial space.
Since that time, a regional sewer authority has been established, a destroyed railroad trestle was repaired, Workforce Wayne came together and Sterling Business Park was crated. Over $9 million in funding for projects in Wayne County was realized.
During that time, Wayne County experienced the effects of 9/11, an economic recession and the advent of the natural gas industry in our backyard. LaBar stated that over the next 12 months, WEDCO will be assessing current opportunities and seeking additional tools, such as increased broad-band and entrepreneurial assistance,
He thanked the many partners who work together to enhance the local economy, noting that it is the businesses, rather than WEDCO, that creates jobs.
Sterling Business Park took some major steps forward in the past year. Construction has recently begun on the main entrance on the east side of SR 191. Final subdivision approval; with Sterling Township is now being sought.  Construction contracts were closed on $2.8 million in site development and a $1.7 million wastewater treatment plant. WEDCO has enlisted a commercial real estate firm and development team to market Phase 1. WEDCO will now be investing much of their energy into securing Business tenants for the park just off Interstate 84.
More highlights:
• WEDCO applied for additional PA Economic Development Financing Authority bond financing for the Hawley Silk Mill project.
•  WEDCO participates with the Wayne County Oil & Gas Taskforce.
•  Industrial sites are being promoted on-line through their own site, Penn’s Northeast and PA Site Search.
• Over 40 Businesses met with WEDCO for aid with financial, workforce and technical concerns.
• A slate of nominees were approved to serve as WEDCO Directors through April 2014. They are: Paul Caneveri, PPL; Daniel Card, Waste Management; Brian Chapman, Chapman Insurance Agency; Edward Coar, Wayne County Dept. of Planning; Lewis Critelli, Wayne Bank; Tina Diehl, Boyce Products, Ltd.; Anthony Herzog, Wayne County Commissioner; Atty. Matthew Meagher, Meagher law Inc.; Anthony Manzione, Woodloch; William Schweighofer, Honesdale National Bank and Wayne Stephens, Stephens Pharmacy.
For more information, visit www.wedcorp.org or call Executive Director Mary Beth Wood at (570)253-5334.