Local agency approves projects
From staff reports
LEWISTOWN — Mifflin County Industrial Development Corporation approved more than $300,000 in capital improvement projects it intends to pursue in 2018.
Projects including paving, structural changes and security camera installation in the MCIDC Plaza were among topics of discussion at the MCIDC Joint Operating Committee meeting.
“We are continuing to reinvest in our complex. Improvements at MCIDC’s Plaza and Business Center,” said MCIDC President and CEO Nick Felice. “Improvements at MCIDC’s Plaza and Business Center properties last year exceeded a half-million dollars. Our board and staff know we must be good stewards of the assets we’ve been charged with operating. Enhancing and maintaining these buildings provides useful space in which our 29 tenants can operate, grow and provide jobs to the community.”
The funds invested in MCIDC buildings and grounds go back into the local community, Felice said.
“As we have always tried to do, MCIDC uses local contractors and service providers to complete our projects. Knowing we’re prepared to invest more than a quarter-million dollars in our facilities this coming year, we are confident local contractors will be bidding on our work.”
The committee also discussed the possibility of marketing Mifflin County to foreign companies that may have an interest in establishing a presence in the United States.
“In economic development, it’s known as Foreign Direct Investment, or FDI. In our global economy, many foreign development firms look to the US market to sell their products or services. Often the most efficient and most effective way of accessing these markets is through the development of ‘in-country’ distributors, joint ventures or outright acquisition,” he said.
Felice added the MCIDC intends to work with local companies who indicate a willingness to look at these kinds of opportunities.
“Many already do, for those newcomers, we want to facilitate connections that have the potential to grow their operations, resulting in new investment and job growth here locally.”