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ANNUAL REPORT 2009-10 ANNUAL REPORT 2009-10 When you think Northeast, think Penn’s Northeast

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Page 1: Annual Report 2009-2010

A n n u A l R e p o R t 2 0 0 9 - 1 0

A n n u A l R e p o R t 2 0 0 9 - 1 0

When you think Northeast, think Penn’s Northeast

Page 2: Annual Report 2009-2010

To facilitate investment of capital and the creation and retention of quality jobs in Northeastern Pennsylvania by:

Branding a positive image for the region both internally and externally

Reaching a global audience through creative marketing techniques

Generating and managing qualified prospect leads in a fair and professional manner

Gathering customer-driven regional data and packaging it in a user-friendly format

Fostering cooperation, collaboration, and communication between the organization’s partners and stakeholders

penn’s northeast

penn’s northeast

Mission Statement

GoalsThe “brand” or image of the region is positive both externally and internally.

Business prospects, real estate professionals, and site selection consultants expressing an interest in the Penn’s Northeast region are professionally and effectively contacted and hosted by the organization and its allies.

The level of funding for Penn’s Northeast enables it to pursue vigorously the economic opportunities available for the region.

An up-to-date and user-friendly database, containing such information as regional real estate data, meets the needs of prospects, real estate professionals, and site selection consultants.

The regional marketing effort led by Penn’s Northeast is effectively reaching a national and international audience.

Penn’s Northeast has a cooperative and collaborative relationship with its partners and stakeholders, with an effective system of communication.

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Page 3: Annual Report 2009-2010

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It is with sincere appreciation that we thank our partners, investors, board of directors and stakeholders for your continued commitment and support of Penn’s Northeast. As Chairman and President of this organization, we are privileged to represent this regional partnership that exemplifies the best of our collective assets.

With leads increasing and overall economic activity slowly picking up, it appears that the economic recovery is underway. Signs indicate that business is on the upswing and companies are looking for new locations in which to operate. Some fluctuation will continue in the commercial/industrial building markets and job creation may be slower than we’d like, but we are confident the resiliency, creativity and tenacity of our region’s residents and institutions will prevail.

However, there are still challenges ahead and we must make the most of all opportunities to best position our region to benefit from the economic recovery in the upcoming fiscal year and beyond. Several years ago, Penn’s Northest partners and stakeholders developed a strategic action plan. It has provided the blueprint for our annual program of work and the various activities and initiatives the organization has pursued. Throughout this document the key goal(s) addressed are referenced.

We processed over 60 leads, toured numerous prospects, hosted the PA foreign direct investment delegation and worked in collaboration with local, regional and statewide stakeholders to brand our four county region as a desirable, business friendly location to grow and/or expand businesses.

We continue to proactively market our competitive advantages including location, highly skilled and talented workforce, infrastructure, etc. By working in collaboration with our highly talented economic development partners as an agile and virtual team, we are able to respond to clients with the available sites and/or buildings, demographic information and other specifics quickly and in a customer friendly manner.

As we look to 2010/2011 and beyond, we are confident that by working together we will continue to provide excellent service and product development. Our regional brand, collective reputation as a prime location, infrastructure and quality of place will help lead us through this long economic downturn. Our members are building the infrastructure that is required and it is important that we stay true to our mission.

Without the ongoing financial support of our partners and investors none of this would be possible. We ask for your continued support to keep our region and the mission of this organization moving forward to achieve regional prosperity for our communities, our businesses and our families.

Message from the President

ChuCk leonARd, Chairman

penny CAnnellA, President

Page 4: Annual Report 2009-2010

2 When you think Northeast, think Penn’s Northeast

When you think Northeast… think Penn’s Northeast

One of our primary objectives is to make it easier for a businessperson, site selector or broker to accomplish their goals and assist them in the process. Working in close collaboration with our partners, Penn’s Northeast has created a customer friendly and efficient prospecting system that maximizes sales leads. By serving as a single point of contact we are able to promptly provide regional information to potential prospects. We help them define their needs, identify potential sites, provide them with demographic and salary information, arrange tours of various sites throughout the region and put them in touch with other economic development groups and chambers of commerce in the specific areas.

The majority of the leads continue to

come from the manufacturing sector followed by the food sector. Call center prospect inquiries increased over 2008-09. The source of the leads continues to be varied with the Governor’s Action Team (GAT) representing the largest percentage of the leads processed. The percentage of direct calls from businesses to Penn’s Northeast and from brokers has increased significantly.

GAT and the Pennsylvania Office of International Business Development (PA OIBD) play a prominent role in the attraction of leads to the Commonwealth. Their stature and ability to successfully compete in an aggressive global arena is critical to our region and the Commonwealth. We greatly appreciate and value GAT and PA OIBD.

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CALL CENTERS

MISCELLANEOUS

MANUFACTURING

SITE SELECTOR

BROKER

WEDA

GOVERNOR’S ACTION

TEAM

5%ALTERNATIVEENERGY

5%

12%

FOOD MANUFACTURING/DISTRIBUTION

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31%

PA OFFICE OF INTERNATIONAL BUSINESS

DEVELOPMENT

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12%

16%

DIRECT

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21%

TYPES OF LEADS SOURCE OF LEADS

NOT SPECIFIED

2%WATER TREATMENT

4%OFFICE 4%

DISTRIBUTION4%

DATA CENTER2% OTHER

4%

36%

11%

INTERNET SALES/ DISTRIBUTION

Page 5: Annual Report 2009-2010

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Pennsylvania welcomes foreign direct investment and recognizes its positive impact on economic growth and job creation. The Commonwealth actively pursues foreign direct investment through the PA Office of International Business Development (OIBD) and its thirteen PA Foreign Direct Investment representatives working in over 24 countries. Pennsylvania has 1,400 foreign companies investing in the Commonwealth making it America’s fastest growing state in international business development.

By working with the PA Office of International Business Development under the direction of Wilfred Muskens, we are able to maintain a close partnership with its staff and keep the international FDI representatives informed about our region’s workforce,

industry clusters, available real estate, etc.

Penn’s Northeast hosted a delegation of the FDI staff at the newly built Center for Innovation and Entrepreneurship at the East Stroudsburg University Research and Business Park. PA representatives participating included Angela Foley (Australia, New Zealand), Jason Rose (Canada), Frédérick Bernard (Canada), Geert Hovens (The Netherlands, Denmark, Norway, Sweden, Finland), Stefan Peikert (Germany, Austria, Switzerland), Mikel Burzako (Spain, Portugal), Ken Yang (South Korea) and Satoshi Takamaya (Japan). The program included updates on the various new KOZ designations, industry trends and a tour of the new Class A office building located within the 11-acre University Research Park.

Attracting Foreign Direct Investment to Northeast Pennsylvania

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STATE GRANTREVENUE

INVESTORS

FOUNDINGPARTNERS

SALARIES

STATE GRANT CONTRACT

MARKETING & PUBLIC RELATIONS

BENEFITS

OPERATIONS

37%10%

10%

8%

35%

SOURCES OF FUNDS 2009-2010 USES OF FUNDS 2009-2010

MISCELLANEOUSINCOME

17%

OTHER GRANTREVENUE

1%

12%

5%65%

Page 6: Annual Report 2009-2010

When you think Northeast, think Penn’s Northeast4

Bringing new companies to the Penn’s Northeast region means having the available sites and buildings to accommodate a new facility. The region is fortunate to have an ample supply of inventory to market to outside prospects. Keeping these prospects informed on their availability is a key service that Penn’s Northeast prospects expect. In 2009/2010, Penn’s Northeast either created or updated the following marketing materials:

n The online real estate database continues to be populated with available land and buildings as they come on the market. In this fiscal year alone, over one hundred and twenty listings have been added. The database is searchable by building and land size, type, rail availability and KOZ/KOEZ designation. The database can be accessed by going to www.pennsnortheast.com and clicking on Real Estate.

n Penn’s Northeast populates the Commonwealth of PA’s SiteSearch website with the same data on the Penn’s Northeast website. It can be accessed at www.pasitesearch.com. This site is where members of the Governor’s Action Team first search when looking for property in response to a prospect. Properties meeting a prospect’s requirements can then be immediately forwarded to the requestor.

n A 36-page full color brochure featuring more than 250 available industrial and office buildings. Each listing includes a full color image, a brief description and contact information.

n The Penn’s Northeast signature business park map portfolio was updated and distributed in a gift package to a select list of brokers, consultants and members of the Governor’s Action Team. A CD rom was included and .pdf versions of all maps are available at www.pennsnortheast.com. The bound portfolio booklet contains maps of 29 business parks highlighting available land and buildings, existing businesses, infrastructure and tax incentives available.

Real Estate MarketingAVAILABLE INDUSTRIAL AND OFFICE PROPERTIES IN

NORTHEAST PENNSYLVANIA

Representing Berwick, Forest City, Hazleton, Honesdale, Pittston, Scranton, Stroudsburg and Wilkes-Barrewww.pennsnortheast.com 1-800-317-1313

APRIL 2010

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Page 7: Annual Report 2009-2010

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2009/2010 marks the fourth anniversary of the Penn’s Northeast workforce branding campaign. The people of the region have always been known to have a superior work ethic and the workforce branding campaign is a creative way to get that message out to prospects. This award-winning direct mail campaign features business leaders from throughout the region touting the exceptional qualities of the region’s workforce.

To date, forty-six companies have been featured from various industries, representing the diversity of businesses in northeast Pennsylvania. The pieces feature an eye-grabbing cover image that exemplifies a positive attribute

of the region’s workforce. Cover images this year epitomized traits like flexible, talented and inspired. Inside is a photo of a business representative, their testimonial about the quality of their employees and a description of the company. Pieces also include marketing information pertinent to attracting the type of business featured in the piece.

These pieces are mailed out regularly to our list of prospects as a constant reminder that northeast Pennsylvania is a prime location for business, with a quality workforce that is second to none. Special thanks to PPL Electric Utilities for helping to underwrite this initiative.

Branding the Workforce

“The quality of the workforce is oneof the many attractions of operatingin this region. Our employees arefast learners who’ve become national experts at what they do. And they’re dedicated. When the government rolled out a brand new Medicare prescription

program, we had tremendous growth…so our employees werehere 24 hours a day. They worked through Thanksgiving,

Christmas, New Year’s…Everyone really pulled together...because they’re not complainers. They’re flexible and they don’t mind working hard.”

You Should Meet Northeast Pennsylvania’s Workforce!

TMG Health – Scranton/Dunmore, PA

TMG Health offers Business ProcessOutsourcing (BPO) services to the

Medicare, Medicaid and retiree healthplan markets. Founded in 1998, TMG

is an independent, wholly owned subsidiary of Health Care Service

Corporation of Chicago, IL. Serving 2.7 million members, with over

40 health plan clients and clientmembers in all 50 states, TMG

employs a staff of nearly 1,100 whohave extensive experience in managing

Medicare Advantage, Medicaid andMedigap plan operations

at high volumes.

John T. Tighe IIIPresident and CEO

TMG Health

B e r wic k • H a z l e t o n • H o n e s d a l e • Pi t t st o n • S cra n t o n • S t ro u d sb u rg • Wil ke s - B a rre

The Penn’s Northeast Advantage

A strategic location with an incredible workforce at a very affordable price. That’s a winning combination. That’s northeast Pennsylvania!

• The Penn’s Northeast region is ideally located within a 500 mile radius of nearly one third of the U.S. population and is about a two hour drive from New York City and Philadelphia.

• The region has 15 colleges and universities and is home to the new Commonwealth MedicalCollege that began its first classes in the fall of 2009.

• Over 17,000 students graduated from colleges in and serving the region in school year 2007/2008.

• There are over 60 business parks in northeast Pennsylvania. Some parks offer KeystoneOpportunity Zone (KOZ) sites where businesses pay no local or state taxes for a defined number of years.

Whether it is a site or building, demographic information or labor market data, we have the information you need.

Call us today for confidential site location assistance or to arrange a tour.

If you are looking to locate or expand your business, we are looking to help you.

www.pennsnortheast.com

1151 Oak Street , Pittston, PA 18640-3795 800-317-1313 • FAX (570) 654-5137email: [email protected]

When you think Northeast...think

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Page 8: Annual Report 2009-2010

When you think Northeast, think Penn’s Northeast6

Another way that Penn’s Northeast promotes our region is by attending various trade shows and conferences. They provide an opportunity to meet new people and reconnect with contacts on behalf of the region while keeping current on industry trends.

Penn’s Northeast sponsored and staffed a booth at Society of Industrial and Office Realtors (SIOR) conference in Hershey along with economic development partners from the region. SIOR is the leading professional commercial and industrial real estate association. Attendees represent today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. SIOR members are very active in the market and often contact Penn’s Northeast on behalf of companies seeking sites or buildings.

Penn’s Northeast was represented at the CoreNet Global Summits in Las Vegas and New Orleans. 1,500 corporate site selectors, site consultants, commercial brokers and competing economic development groups attended the Las Vegas summit and over 1,200 attended the summit in New Orleans. In collaboration with other PA partners, Penn’s Northeast supported the continuance of the Commonwealth’s popular “Arrive in Style” program.

As a member of the Industrial and Office Real Estate Brokers Association (IOREBA), a membership organization consisting primarily of commercial real estate brokers and developers from New York, New Jersey, Connecticut and Pennsylvania, Penn’s Northeast was able to participate in the following events. We attended Developer’s night

Trade Shows and Conferences

A Premier Logistics Location

Whether You are Coming or Going

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Page 9: Annual Report 2009-2010

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and sponsored and staffed a booth at the 1st Service Industry Showcase with one of our economic development partners. Both events were held in New Jersey and attended by key contacts.

Penn’s Northeast attended the North American Material Handling Logistics Tradeshow in Cleveland. The show is the premier material handling event with over 400 exhibits. As a member of the World Economic Development Association, Penn’s Northeast also

had exposure at their booth and at a special event.*

For the first time, Penn’s Northeast and partners attended and sponsored the CoreNet Global Eastern Regional Symposium (ERS) in Philadelphia. The ERS provided excellent networking opportunities and valuable insight into how corporate business objectives can be interpreted and converted into real estate strategies.*

* This is funded in part by a grant from the PA Dept. of Community and Economic Development.

Business Retention and Expansion Program (BREP)

Statistically, most new jobs are created by existing firms, rather than by attracting new firms to a community. Keeping an existing business is often easier than recruiting new firms. For that reason, the PA Department of Community and Economic Development established BREP in 1991. The program helps economic development professionals and community businesses work together to identify barriers local businesses face as they try to grow and expand. BREP demonstrates to existing businesses that they are valued by both the Commonwealth and by the local development community, giving them a means for their voice to be heard on the state level and access to various state resources.

Penn’s Northeast coordinates the BREP program for the Northeast region. In 2009/2010, state funding for the BREP program was significantly cut statewide and the number of visits available per region was therefore reduced. Penn’s Northeast and its partners coordinated 253 face-to-face calls on businesses in a seven-county region. Data on these visits is entered into an online system and aggregate data can be pulled from the surveys. The system also enables users to make referrals to service providers regarding issues a company might be having and provides a tracking mechanism for information about companies statewide.

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Page 10: Annual Report 2009-2010

When you think Northeast, think Penn’s Northeast8

One of the many benefits of regional marketing is the ability to utilize the organization’s financial resources to provide economies of scale to our individual economic development partners. This is particularly advantageous when larger, multi year expenditures such as advertising at the Wilkes-Barre/Scranton International Airport present themselves.

Penn’s Northeast has contracted to display signage at the Wilkes-Barre/Scranton International Airport. The advertisements promote the region as a prime location for business and highlight the region’s high-quality workforce. The lit signs are positioned prominently at the main

entrance and exit, clearly visible to the estimated 1 million plus annual visitors.

On a limited but increasing basis, Penn’s Northeast is utilizing online advertising and /or bundled packages with national media outlets such as Area Development, Expansion Solutions and Site Selection. In addition we have advertised with email campaigns, banner ads, buttons, etc. with Site Selection Partnership, the World Economic Development Alliance, Economic Development Directory and Inbound Logistics. These websites are targeted at site selection consultants, corporate real estate brokers and companies seeking information on desirable locations for expansion or relocation.

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With Northeast PA’s Nationally Ranked Workforce.

Prepare For Takeoff...

www.pennsnortheast.com • 800-317-1313For professional site selection assistance:

Above: Web Banner Ad

Left: Airport display Signage

Page 11: Annual Report 2009-2010

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Having one-on-one time with key prospects is integral to having successful projects come to an area. Special events provide an excellent opportunity to build relationships with the decision makers that facilitate these deals.

In fiscal year 2009/2010, Penn’s Northeast sponsored the following events:

the northeast pennsylvania Classic

In August Penn’s Northeast sponsored the Northeast Pennsylvania Classic, held at Elmhurst Country Club, Moscow. This is an official PGA Tour event. Prospects were given passes to the event, invited to golf with the pros and received tickets to a mixer and a Scranton/Wilkes-Barre Yankees baseball game held before the tournament.

the penn’s northeast Seventh Annual Fall Festival

Hosted annually at a location in the Pocono Mountains, this golf, fishing and clay shooting event was held at Skytop Lodge in Monroe County. Real estate brokers, site selection consultants and members of the Governor’s Action Team were invited. The day was topped off by a networking reception, dinner and awards. More than 80 people

attended, many of them real estate brokers and developers from New York, New Jersey and Philadelphia. Special thanks to PPL Electric Utilities for helping to underwrite this event.

the 26th Annual WinterfestEach year Penn’s Northeast co-

sponsors Winterfest with our partners: CAN DO, The Greater Wilkes-Barre Chamber of Business and Industry and The Scranton Plan. Guests are invited to a day of skiing, tubing or snowboarding at Snö Mountain Ski Lodge followed by a networking reception and a Hockey game at the Mohegan Sun Arena at Casey Plaza. After a day on the Mountain, guests enjoyed a mock casino during the networking reception. Gift baskets featuring products from the region were given as prizes. Winterfest is a great opportunity for prospects to come out and enjoy two of the major recreational venues the region has to offer.

Sponsored Special Events

SynergyTootsie Roll Industries, Inc. recently opened

its new northeast distribution center inHumboldt Industrial Park East, Hazle Township.The 240,000-square-foot building will be the distribution point forTootsie Roll’s 36 brands to locations throughout the northeasternUnited States and the Atlantic seaboard.

Company officials noted the strong role that the regionalworkforce, the impressive location and the availability of taxincentives played in their decision. John Majors, Tootsie Roll’s vicepresident of distribution, said “Once we locate somewhere, we’rethere for the long term. The combination of location, workforceand the Keystone Opportunity Zone incentives we found in theHazleton area made us confident that this is the perfect locationfor Tootsie Roll.”

Tootsie Roll purchased the building from Philadelphia basedExeter Property Group.

CAN DO President Kevin O’Donnell emphasized theimportance of CAN DO’s partnership with commercial real estate developers who erect buildings in the industrial parks on speculation of finding a buyer or tenant.

“It is usually a great advantage to have buildings ready to moveinto for companies that are eager to locate in the Northeast. And in today’s economy, incentives like the Keystone OpportunityZone are equally important as surrounding states compete for the same projects,” O’Donnell said.

Tootsie Roll Industries, Inc. is based in Chicago and hasoperations throughout North America. Its products are distributedin more than 75 countries. Some of its most famous brandsinclude Tootsie Roll, Charms Blow Pop, Mason Dots, Andes, Sugar Daddy, Charleston Chew, Dubble Bubble and Junior Mints.

The company anticipates creating approximately 35 jobs at the new facility.

Tootsie Roll Opens in Humboldt Industrial Park

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Former Wayne County Silk Mill to be Convertedfor Mixed Use

Glass Company Leases at Centerpoint

Ground Broken at Mount PleasantCorporate Center

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SYNERGYwww.pennsnortheast.com 1-800-317-1313 Volume I, 2009

State, local and company representatives gather to cut the ribbon ona new Tootsie Roll distribution center in Humboldt Industrial Park.

Tootsie Roll Industries, LLC, has opened a distribution center in this240,000-square-foot building in Humboldt Industrial Park East.

NEPA Venture Partnership Invests in the Future of the Region

The Scranton Lackawanna Industrial Building Company(SLIBCO), Greater Wilkes-Barre Chamber of Business & Industryand CAN DO, Inc. of Hazleton, recently announced the formationof the NEPA Venture Partnership, a collaboration focused onentrepreneurship in northeasternPennsylvania. The effort provides accessto peer support, business services and a venture capital fund of up to $10million. Through the fund, areaentrepreneurs have access to venture capital funding, technicalassistance, pre-venture capital “scrub” sessions, industry mentorand other resources.

The NEPA Venture Partnership invests in the MAG II (Mid-Atlantic Angel Group) Fund, a fund of up to $10 million that

is being invested in technology-based and life-sciences businesses in the region. Other investors include the Ben Franklin TechnologyDevelopment Authority, the Commonwealth of Pennsylvania andindividual investors.

The fund is professionally managedby Christopher Starr, Founder &Executive Director of the Mid-AtlanticAngel Group Funds in Philadelphia.

Additional NEPA Venture Partnershipplans include a state-wide venture capital fair on November 5,2009 at the Hilton Scranton and Conference Center. Futureventure capital development and networking events are also beingplanned on a regional level.

For more information visit ww.nepaventurepartnership.com.

Construction isprogressing rapidly onThe Home Depotdistribution center inCenterPoint Commerce &Trade Park West, LuzerneCounty. The new “RapidDeployment Center(RDC)” will be 465,600square feet and isscheduled to open in2010, serving retaillocations throughout theNortheast. The building isbeing constructed and leased by Mericle Commercial Real EstateServices.

The Home Depot is expected to employ approximately 350workers at the new center, which will include approximately18,622 square feet of office space and 170 dock doors. The 50.85acre site will allow for parking of 240 cars and 431 trailers.

Bob Besecker coordinated the project for Mericle. The HomeDepot was represented by Bill Wolf of CB Richard Ellis’ Allentownoffice and Tony Kepano of CB Richard Ellis’ Atlanta office.

Governor’s ActionTeam Regional DirectorSteve Yokimishyn workedwith Governor Ed Rendelland Action Team StateDirector Mike Rossman tocraft an incentive packagefor the company.

Real estate taxes on theThe Home Depot buildingwill be abated 100% for 10 years via the LocalEconomic Revitalization Tax Assistance (LERTA)

program. The LERTA program was approved for CenterPoint byPittston and Jenkins Township, the Pittston Area School Districtand Luzerne County.

Besecker said the assistance received from local and stateleaders has been critical to CenterPoint’s tremendous success.“CenterPoint is a great example of a winning public-privatepartnership. We are thrilled to have a company of The HomeDepot’s stature as our anchor tenant in CenterPoint West,” said Besecker.

Home Depot Selects CenterPoint West

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Diapers.com Coming toCovington Industrial Park

Lackawanna CollegeExpands in Wayne County

AutoZone Opens in Humboldt North

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SYNERGYwww.pennsnortheast.com 1-800-317-1313 Volume II, 2009

Construction continues on The Home Depot’s 465,000-square-foot distributioncenter in Luzerne County.

KOZ Program Expands

Jessup Small Business Park/Valley View Business Park Phase 1 Lackawanna 216 2017, 2019 & 2020

Scott Technology Park Lackawanna 65 2017

Valley View Business Park Phase 2 Lackawanna 515 2019 & 2020

CAN DO Corporate Center Luzerne 73 2017

Crestwood Industrial Park Luzerne 127 10 years from occupancy

Duryea KOZ Luzerne 84 10 years from occupancy

Hanover Crossings Luzerne 120 2017

Huber Sites I-IV, next to Hanover Industrial Estates Luzerne 181 2017 & 2020

Hazleton Municipal Airport Luzerne 141 2017 & 2020

Humboldt Industrial Park (includes East, North, Northwest and Proper) Luzerne 710 2017 & 2019

Humboldt Station (includes commercial land) Luzerne 78 2017

Sites and Buildings in Wilkes-Barre City Luzerne 65 10 years from occupancy

South Valley/Earth Conservancy Luzerne 300 2017

McAdoo Industrial Park Luzerne/Carbon 106 2017

Humboldt West Luzerne/Schuylkill 90 2017

New Ventures Commercial Park Monroe 213 2019

Pocono Mountains Corporate Centers East and South Monroe 128 2019

Arcadia North Business Park Monroe 114 10 years from occupancy

Sites and Buildings in East Stroudsburg and Stroud Township Monroe 67 10 years from occupancy

Vision 2000 Industrial Park Wayne/Susquehanna 28 2020

In 2009, various buildings and sites throughout the Penn’s Northeast region were designated or had theirKeystone Opportunity Zone (KOZ) status extended. The chart below outlines these properties.

Properties in a Keystone Opportunity Zone provide significant state and local tax abatements for a specifiednumber of years. They have been so successful that Business Facilities magazine called them “the number one economic developmentstrategy in the nation.” Since the PA Department of Community and Economic Development initiated the KOZ program in 1999, it hasled to the creation of new jobs and produced capital investment in real estate throughout Pennsylvania.

LOCATION COUNTY APPX. ACRES EXPIRATON

Even during a down economy, you would be amazed to see how many great things are still happening in the Penn’s Northeast region. In 2009/2010, two issues of the Penn’s Northeast

newsletter, Synergy, publicized these stories. This four-color, large format publication was mailed to a list of over 4,000 and also emailed to a list of nearly 1,600.

Page 12: Annual Report 2009-2010

When you think Northeast, think Penn’s Northeast10

Penn’s Northeast served on the executive committee as a regional partner in the Wall Street West/WIRED initiative with funding from a U.S. Department of Labor Workforce Innovation in Regional Economic Development grant. The initiative’s goal was to address the challenges associated with building a globally competitive and prepared workforce.

2009-10 marked the end of the WIRED grant period. Since 2006, more than $12 million was invested in strategic education and career training programs to benefit current and future residents throughout the

region. Stakeholders from Berks, Carbon, Lackawanna, Lehigh, Luzerne, Monroe, Northampton, Pike, Schuylkill and Wayne counties worked together to create unique, sustainable

and demand-driven projects. In total, 61 workforce development projects were funded. To continue the initiative the Northeastern Pennsylvania Technology Institute, in conjunction with regional partners, developed the framework for the National Center for Organizational Continuity. This new entity focuses on the growing demand for talent with diverse security and risk management skills across all business sectors.

Wall Street West Initiative

Penn’s Northeast was an original partner in WorkNEPA.com and continues to promote it on our website and ads in the Penn’s Northeast newsletter, Synergy, direct people to the site.

WorkNEPA represents seven counties of Northeast Pennsylvania. Job and internship seekers can post their resumé to the site, search the site for

open positions and have their resumes searched out by employers looking to fill vacancies. Since March, 2004 the site has logged more than 1,119,593 site searches with 2,122 registered employers, 6,549 registered job seekers and 6,781 jobs posted.

A Great Place to Live, Work & Play nepacom

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NCOC LogoFour Color / Glass Effect

Green 60/0/100/0Violet 80/100/0/40

NCOC LogoFour Color / Solid

Green 60/0/100/0Light Green 40/0/80/0 Violet 80/100/0/40

NCOC LogoGreyscale Glass Effect

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Page 13: Annual Report 2009-2010

A n n u A l R e p o R t 2 0 0 9 - 1 0 11

ChairmanCharles Leonard, Monroe County Industrial Development Authority

Immediate past ChairmanRichard Beasley, PPL Electric Utilities

Vice ChairmanJoseph Rymar

Secretary/treasurerAndy Reilly, Luzerne County Office of Community Development

Linda Aebli, City of Scranton

Thomas Amico, Pennstar Bank

John Augustine, Greater Wilkes-Barre Chamber of Business & Industry

Michael J. Baxter, Michael Baxter & Associates Commercial Real Estate

Michelle Bisbing, Monroe County Industrial Development Authority

Jeffrey Box, Northeastern Pennsylvania Alliance

Don Brominski, UGI Penn Natural Gas, Inc.

Austin J. Burke, Greater Scranton Chamber of Commerce

Paul Canevari, PPL Electric Utilities

Anna Cervenak

Rosemary Dessoye, Greater Pittston Chamber of Commerce

Michael Dziak, Earth Conservancy

Kevin Haggerty, Lackawanna County Commissioners

Eric “Rick” Linde, Leeward Construction, Inc.

Amy Luyster, The Scranton Plan

Robert Mericle, Mericle Commercial Real Estate Services

Robert Moisey, Assisted Living Solutions - The Laurels

Thomas Murtaugh, Citizens Bank

Heather Nenstiel, City of Hazleton

W. Kevin O’Donnell, CAN DO, Inc.

Michael J. Pacyna, PNC Bank

Stephen Phillips, BIDA, BIP & Spirit, Inc.

Rhea Simms, Lewith & Freeman Real Estate

Mark Sincavage, SIDE Corporation & Sincavage Corporation

Robert Stoyko, UGI Utilities, Inc.

Robert Suhosky, Cherry Ridge, Inc.

Marijo Thompson, Governor’s Action Team,Northeast Regional Office

Mary Beth Wood, Wayne Economic Development Corporation

Stephen Yokimishyn, Governor’s Action Team, Northeast Regional Office

StaffPenny Cannella, President

Colleen Reardon, Marketing Manager/BREP Regional Coordinator

Bob Burke, Economic Development Specialist

penn’s northeast Board

Page 14: Annual Report 2009-2010

12 When you think Northeast, think Penn’s Northeast

penn’s northeast

Founding Partners & Investors

BIDA, BIP & Spirit, Inc.

CAN DO, Inc.

City of Hazleton

Governor’s Action Team, Northeast Regional Office

Governor’s Northeast Pennsylvania Regional Office

Greater Pittston Chamber of Commerce

Greater Wilkes-Barre Chamber of Business & Industry

Luzerne County Office of Community Development

Monroe County Industrial Development Authority

Northeastern Pennsylvania Alliance

PPL Electric Utilities

The Scranton Plan

UGI Penn Natural Gas, Inc.

UGI Utilities, Inc.

Verizon

Wayne Economic Development Corporation

Founding partners

Atlas Insurance Group & Atlas Realty

Blue Cross of Northeastern Pennsylvania

Borton-Lawson

Calex Logistics

Citizens’ Voice

City of Scranton

Coldwell Banker Commercial Pennco Real Estate

Condron & Company

Earth Conservancy

The Family Flack Fund of the Luzerne Foundation

First Liberty Bank & Trust

First National Community Bank

Forest City Industries

Hinerfeld Commercial Real Estate

The Honesdale National Bank

Kane Is Able, Inc.

KNBT, A Division of National Penn Bank

Lackawanna County Commissioners

Mericle Commercial Real Estate Services

Michael Baxter & Associates Commercial Real Estate

Mohegan Sun at Pocono Downs

OneSource Staffing Solutions

ParenteBeard

Pennstar Bank

Pittston IDC (Interstate Distribution Center)

PNC Bank

QEI Construction Group, LLC

Reilly Associates

Rosenn, Jenkins & Greenwald L.L.P.

Scranton Times/Tribune

Wayne Bank

Wayne County Chamber of Commerce

Investors

Page 15: Annual Report 2009-2010

Penn’s Northeast is a public/private partnership of agencies

dedicated to assisting businesses interested in locating

within Northeastern Pennsylvania.

We serve Lackawanna, Luzerne, Monroe and Wayne Counties

and the communities of Berwick and Forest City.

Page 16: Annual Report 2009-2010

1151 Oak Street, Pittston, PA 18640

Non Profit Org

US Postage

PAIDPittston, PA

Permit No. 286

Penn’s Northeast’s mission is to facilitate investment of capital and the creation and retention of quality jobs

in Northeastern Pennsylvania.