What We've Achieved

Hatboro Borough – 2011 to Present

  • Commercial Occupancy +22% (76% to 99%)
  • 1,000+ jobs 
  • 160+ new businesses 
  • $6 million Governor’s Action Team Award
  • $100,000 County Revitalization Loans
  • $40,000 County Wayfinding Signage Grant
  • $50,000 State Historic Restoration Matching Grant
  • $30,000 DVRPC State Matching Grant for Park Master Plan
  • Filled 6 of 7 vacant anchor stores in downtown (vacant more than five years)

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Perkasie Borough – 2013 to Present

  • Rebuilding entire Town Center District - vacant 27 years – under construction
  • $250,000 County Economic Development Loan
  • 300 New Homes
  • $100,000,000 new housing value
  • $20 million in new disposable income
  • Sold two blighted factory buildings, one vacant 9 years
  • Developing Regional Airport

Some specific examples of the recent economic development impact are:

  • Real Estate Transfer Taxes on $100,000,000 in new homes = $500,000 (1x fee)
  • New Median Disposable Income of 300 new families = $19,200,000 annually
  • Development Impact Fees: $450,000 (1x fee to Parks and Recreation)
  • Annual New Tax Revenue = ($1,680,000 total tax per year) 
  • Annual New Earned Income Tax = $46,000 per year
  • Borough Electric Department Tapping Fees: $450,000 (1x)
  • Annual New Electric Use = $288,000 of which $72,000 to General Fund 
  • New Tapping Fees to the Water Authority = $1,650,000 (1x fee)
  • Annual Water Use Revenue @ $1,100 per home = $330,000

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New Britain Borough – 2013 to Present

  • Retained largest employer w/ 300+ employees
  • Developed partnerships with largest employers and University
  • Improved Town Center Shopping Center
  • $100,000 DVRPC Economic Planning Grant
  • Creating “University Village” with Delaware Valley University & Developers
  • Created Inter-Municipal Joint Planning Collective
  • Gained final easement for Safe Ways to School Sidewalk Grant

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