Real Estate Journal — Economic Development — January 30 - February 12, 2015 — 9A


M id A tlantic

E conomic D evelopment

New board members represent a diverse range of knowledge and experience Schuylkill Economic Development Corporation announces new officers and directors

OTTSVILLE, PA — New Chairperson of the Schuylkill Eco- nomic Development Cor- poration (SEDCO) , Dr. Ir- vil Kear , recently welcomed new members to the Board of Directors and Officers of the corporation. At the January 8, 2015 an- nual meeting of the Board Directors, Kear first thanked immediate past Chairman, John Boyer for his service. “John accomplished a lot during his tenure as Chairman and I P VABeachEconomic Development announces industrial facility sale Virginia Beach, VA —​ Tidewater Valve and Fitting, Inc., a wholesale plumbing supplier primarily serving industrial, government and commercial business seg- ments, is under contract to purchase a 2.94-acre site at 2825 Crusader Circle in Vir- ginia Beach. The company, a certified small, woman-owned busi- ness, has been leasing prop- erty at 1373 London Bridge Rd. in Virginia Beach since 2011. This new location signi- fies its success and growth in Virginia Beach. “Tidewater Valve and Fit- ting has participated in the YesOceana program with its previous expansion,” said Warren Harris , director of Virginia Beach Economic Development . “This facility purchase reaffirms the com- pany’s commitment to remain in Virginia Beach and allows them to take advantage of the incentives associated with this corridor.” The facility on Crusader Circle will be 9,797 s/f when complete. The industrial dis- tribution facility remains in the YesOceana corridor of Virginia Beach. The Virginia Beach Development Authority has awarded an APZ-1 EDIP grant in the amount of $40,000 based on the company’s capital investment of $1,124,371. GreshWall of CB Richard Ellis is representing the com- pany in this transaction. The YesOceana program was established in response to the Base Realignment and Closure Commission’s rec- ommendation to close NAS Oceana in 2005. n

certainly have big shoes to fill. I hope to pick up where he left off and continue in guiding the economic development activi- ties of SEDCO.” Kear also welcomed Ken Huebner and Karen Kender- dine to the officers group. “Ken and Karen have given a lot of time and service to SEDCO over the years and will make tremendous officers moving for- ward. I welcome them both to our leadership team and trust they share in my excitement to get to work.” In addition to the new officers installed at the annual meet-

ing, five new members were named to the Board Directors. Kirk Fanelli of L & K Con- struction, Michael Hammer of Sapa Extrusions, Champ Holman of the Arro Group, Lance Miller of Wegman’s, and Michael Rader of the PA Senate’s Agriculture and Ru- ral Affairs Committee were nominated to fill board seats. “Our new board members represent a diverse range of knowledge and experience,” said Kear. “Their addition to the Board of Directors will certainly help strengthen our organization.” n

Shown from left: Ken Huebner, Assistant Treasurer, Karen Kenderdine, Treasurer, John Boyer, Immediate Past Chair, Dave Snyder, Secretary, Dr. Irvil Kear, Chairperson, Letitia Reiser, Assistant Secretary, Steve Field, Vice Chairman.

Highridge Travel Plaza Schuylkill County, PA

a• Direct Access To Busy I-81 Trucking Corridor Via Exit 119

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