Fay-Penn Economic Development Council

What Fay-Penn Economic Development Council does

Fay-Penn Economic Development Council is a 501(c)(3) nonprofit Certified Economic Development Organization (CEDO) incorporated on January 16, 1991, and headquartered at 1040 Eberly Way, Suite 200, Lemont Furnace, Pennsylvania. It is the sole state-designated CEDO in Fayette County and operates as a membership-based, board-governed organization with 12+ professional staff. The organization provides economic development services across financing, real estate, business support, workforce development, and community revitalization. Core operations include three revolving loan funds (General Loan Fund, Downtown Revitalization Loan Fund, Enterprise Zone Loan Fund) that originated more than $1.37 million in loans in 2025; an inventory of industrial and commercial real estate spanning over 1,200 acres of land and more than 197,000 square feet of speculative and flex industrial buildings; and three flagship community programs — Leadership Fayette (a 9-month leadership development program), Fayette LaunchBox (a 5,600-square-foot coworking space operated with Penn State Fayette), and the FNB Business Event Center (a ~70-seat donated facility). Master Minds Business Workshops deliver SMB-facing professional development content. Membership tiers range from $125 (individual) to $2,000 (regional/national bank), and additional funding flows from the Commonwealth of Pennsylvania (via PA DCED and CEDO designation grants), federal partners (USDA, SBA, DCNR), community development financial institutions (Ben Franklin Technology Partners, Bridgeway Capital), and local private contributors including First National Bank, United Bank, and Mid-Penn Bank. Cumulative outcomes since incorporation include over 10,000 jobs created or retained and $1.7 billion in business investment generated within Fayette County. Target segments span SMBs, industrial and manufacturing firms, agricultural operations (Fayette County contains nearly 109,000 acres of farmland across ~800 operations), healthcare and tourism/hospitality businesses, and government and community-development partners; there is no proprietary technology platform, and distribution is delivered through direct consultation, partner referrals, and physical workspaces.

Name

Fay-Penn Economic Development Council

Legal name

Fay-Penn Economic Development Council

Website

https://faypenn.org

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Fay-Penn Economic Development Council is a 501(c)(3) nonprofit and the sole Pennsylvania-designated Certified Economic Development Organization (CEDO) for Fayette County, providing revolving loan financing, industrial and commercial real estate, coworking and event facilities, leadership programs, and business advisory services to SMBs, manufacturers, agricultural operators, healthcare, and tourism businesses.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Business, Professional, Labor, Political, and Similar Organizations (8139), Business Service Centers (56143), Management of Companies and Enterprises (55)

SIC

Services-Membership Organizations (8600), Services-Management Consulting Services (8742), Non-Operating Establishments (9995)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL), Project Preparation Facilities & Technical Assistance Windows (BPADAOAI)

Keywords

• Economic development services
• Business financing
• Site selection
• Workforce development
• Community revitalization

Headquarters

HQ city

Lemont Furnace

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Membership Dues: Revenue generated from membership fees ranging from $125 for individuals to $2,000 for regional/national financial institutions. Membership provides access to networking events, meeting space, and marketing opportunities.
2. Loan Program Interest: Fay-Penn operates a revolving loan fund providing flexible financing to businesses. Revenue is generated through interest on loans including the General Loan Fund, Downtown Revitalization Loan Fund, and Enterprise Zone Loan Fund. In 2025, Fay-Penn closed more than $1.37 million in loans.
3. Grants and Government Funding: Funding comes from grant and loan support from the Commonwealth of Pennsylvania and federal government for specific projects, as well as various local, public and private contributors and foundations.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

Fay-Penn Economic Development Council is a nonprofit Certified Economic Development Organization providing economic development services to businesses and communities in Fayette County, Pennsylvania. Its core offerings include direct business consultation (site selection, business planning, workforce referrals), three revolving loan funds (General Loan Fund, Downtown Revitalization Loan Fund, Enterprise Zone Loan Fund), an industrial/commercial real estate portfolio of buildings and business parks, and partnership programs including Leadership Fayette, Fayette LaunchBox coworking space, FNB Business Event Center, and Master Minds Business Workshops.

Product overview

Fay-Penn Economic Development Council is a Certified Economic Development Organization (CEDO) offering economic development services through programs and real estate. The organization operates loan programs (General Loan Fund, Downtown Revitalization Loan Fund, Enterprise Zone Loan Fund) for business financing, manages workspace facilities (Fayette LaunchBox, FNB Business Event Center), provides leadership development (Leadership Fayette), business education workshops (Master Minds), and offers industrial/commercial real estate properties across Fayette County including spec buildings, business parks, and development sites.

Differentiator

Problem solved

Functional benefit

Products and services

• Fay-Penn General Loan Fund Versatile financing option supporting a wide range of business needs including production equipment, real estate, new construction, building improvements, working capital, and business acquisition for businesses located in or contributing to Fayette County's economic growth.
• Downtown Revitalization Loan Fund Financing designed for businesses located in or planning to locate within designated downtown areas, supporting investment that strengthens downtown communities and encourages redevelopment.
• Enterprise Zone Loan Fund Loan program supporting businesses within the Enterprise Zone footprint planning capital projects, expansion, or improvements focused on business growth, job creation, and investment in targeted areas.
• Master Minds Business Workshops Expert-led business workshops designed to strengthen skills, knowledge, and professional development of business leaders through practical tools and actionable strategies. Topics include QuickBooks, Canva, AI Marketing, and managing remote teams.
• Leadership Fayette A 9-month emerging leaders program featuring monthly interactive workshops with regional business and industry leaders, facility tours, and collaborative sessions using real business situations. Topics include leadership styles, ethics, networking, branding, and change management.
• Fayette LaunchBox A partnership between Fay-Penn and Penn State Fayette offering 5,600 sf of workspace with 365/24/7 secure access, high-speed Wi-Fi, conference rooms, and complimentary use of a 70-person multi-purpose Business Event Center. Includes mentorship, educational programs, legal and business assistance.
• FNB Business Event Center A complimentary state-of-the-art business facility provided through a donation from First National Bank, featuring seating for up to 70 people, virtual meeting capabilities, TSI Touch monitor, 3 LED 4K monitors, free secure guest Wi-Fi, and ADA accessibility.
• Housing Initiatives Programs focused on reinvesting in housing infrastructure, promoting rehabilitation and infill development, and ensuring future housing aligns with changing demographics and economic conditions, guided by housing needs assessments.
• Direct Business Consultation Services Personalized assistance for business startups, expansions, and locations including site selection, financing, workforce, and business planning delivered via direct engagement with Fay-Penn professional staff.

Quantifiable outcome

• Created or retained over 10,000 jobs in Fayette County since 1991
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core and minor.

• Penn State Fayette, The Eberly CampuscoreStrategic or Co-development PartnerPartnership with Penn State Fayette to operate the Fayette LaunchBox, a 5,600 sf coworking space offering workspace, educational programs, mentorship, and business assistance. This KIZ-eligible location serves local businesses and entrepreneurs without requiring Penn State affiliation.
• Fayette Chamber of CommercecoreStrategic or Co-development PartnerPartnership on Leadership Fayette program and Master Minds Business Workshops. The Chamber is Fayette County's largest and most active business advocacy and marketing organization.
• Washington County Council on Economic DevelopmentminorStrategic or Co-development PartnerCollaboration partner for Master Minds Business Workshops program, extending professional development resources across regional economic development organizations.
• Fayette County GovernmentcoreStrategic or Co-development PartnerPartnership on Master Minds Business Workshops and broader economic development initiatives. Fay-Penn works with county leadership on community revitalization projects.
• St. Vincent Small Business Development CentercoreImplementation/ SI/ Consulting PartnerProvides consulting services and educational programs to entrepreneurs looking to start or grow a small business in Westmoreland and Fayette Counties. Fay-Penn connects business owners to these services.
• SCOREcoreImplementation/ SI/ Consulting PartnerService Corps of Retired Executives provides free business mentoring services to prospective and established small business owners, accessible through Fay-Penn referral.
• PennTAP (Pennsylvania Technical Assistance Program)minorImplementation/ SI/ Consulting PartnerPenn State-based technical assistance organization supporting Pennsylvania businesses with Energy and Environmental Services and Innovation Services.
• Catalyst ConnectionminorImplementation/ SI/ Consulting PartnerManufacturing extension partnership providing technical and business assistance to manufacturers in Southwestern Pennsylvania.
• Southwest Pennsylvania Commission (SPC)minorStrategic or Co-development PartnerRegional planning agency serving Southwestern Pennsylvania, coordinating economic development initiatives across multiple counties.
• Redevelopment Authority of UniontowncoreStrategic or Co-development PartnerMunicipal redevelopment authority collaborating on downtown revitalization and urban renewal projects in Uniontown.
• Redevelopment Authority of Fayette CountycoreStrategic or Co-development PartnerCounty-level redevelopment authority working on community revitalization and property development initiatives.
• Greater Connellsville Chamber of CommerceminorChannel Partner/ Reseller/ DistributorChamber of commerce serving the Connellsville area, fostering economic environment and business advocacy.
• Mon Valley AllianceminorStrategic or Co-development PartnerRegional economic development organization serving the Monongahela Valley region, coordinating workforce and business development.
• Allegheny Conference on Community DevelopmentminorStrategic or Co-development PartnerRegional economic development organization serving the Pittsburgh and Southwestern Pennsylvania region.
• Workforce Investment Board (WIB)coreStrategic or Co-development PartnerRegional workforce development board coordinating employment and training services in Southwestern Pennsylvania.
• PA CareerLinkcoreImplementation/ SI/ Consulting PartnerWorkforce development services providing job seeker assistance, career counseling, and employment training programs.
• PA PREP (Pennsylvania Procurement Outreach Program)minorImplementation/ SI/ Consulting PartnerProgram helping Pennsylvania businesses compete for government contracts through procurement assistance.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ben Franklin Technology Partners: PA-based technology-based economic development organization providing capital and commercialization services. Fay-Penn is a referral partner; comparable in mission but focused on tech commercialization vs. general business attraction.
• Mon Valley Alliance: Regional economic development coalition serving the Monongahela Valley. Operates overlapping real-estate/financing programs for businesses and shares partnership infrastructure with Fay-Penn.
• Washington County Council on Economic Development: Adjacent-county EDO in southwestern Pennsylvania operating a similar CEDO mandate, loan programs, and site inventory. Direct regional peer collaborating on Master Minds workshops.
• SEDA-COG: SEDA-COG is a multi-county economic development organization in central Pennsylvania that serves as the CEDO for its member counties, providing the same loan funds, business assistance, and real-estate services as Fay-Penn. Direct operational twin in a different PA region.
• Bridgeway Capital: Pennsylvania CDFI providing flexible financing to businesses in underserved communities — directly comparable to Fay-Penn's revolving loan fund programs and listed as a referral partner.

Broad incumbents

• Greater Pittsburgh Chamber of Commerce: Broader chamber operating in the same regional ecosystem. Provides overlapping business advocacy and networking but at a multi-county, larger-entity scale.
• Allegheny Conference on Community Development: Premier Pittsburgh-region economic development organization. Larger incumbent with broader portfolio (Pittsburgh Regional Alliance, GTECH Strategies) covering an adjacent market with more resources.

Others

• Catalyst Connection: Pennsylvania Manufacturing Extension Partnership serving southwestern PA manufacturers. Comparable as a Fay-Penn partner offering technical assistance, but specialization differs (manufacturing-only).

Regional players

• Northern Appalachia Development Group (NADG) / Appalachian Regional Commission partners: ARC partners operating CEDOs and CDFIs across Appalachia providing similar financing, site, and business support services to Fay-Penn in other distressed coal-region counties.
• Southwest Pennsylvania Commission: Regional planning and economic development commission covering 10 southwestern PA counties including Fayette. Overlapping mission around business attraction, infrastructure, and grant funding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FayPennEDC
• LinkedInlinkedin.com/company/fay-penn-economic-development-council
• Instagraminstagram.com/faypennedc
• Xx.com/faypenn

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fay-Penn Economic Development Council