New Ag Business Slated for Historic Gettysburg Farm, Thanks to Low-Interest Financing

Brown’s Ranch, recently purchased by John Boyer

This article was originally published in the Gettysburg Times, September 14, 2017:

By Kaycee Kemper

Since our last column, our organization has announced a new name and identity, so first I want to address this exciting news! Adams County Economic Development Corporation (ACEDC) was the lead organization of three partner organizations under the same roof, with the other two being the Adams County Industrial Development Authority and the Adams County General Authority.

Now all three organizations are collectively known as Adams Economic Alliance! We are excited and hope you share our excitement over the simplicity (and lack of confusion!) of our new name. Have no fear, Robin Fitzpatrick and myself are still both here, working as President and Vice President to deliver economic development services to businesses and organizations in Adams County.

One of our newest projects involved the purchase of the 232-acre farm known as “Brown’s Ranch” bordering the Gettysburg National Military Park’s Confederate Avenue. It was our pleasure assisting and welcoming John Boyer of Elizabethtown, Lancaster County, as he purchased the ranch to locate a new agricultural business in Adams County. Boyer, who grew up in the agricultural industry and studied animal science at Texas Tech, was searching for three years, for the perfect Pennsylvania property to launch a cow calf operation, when he discovered Brown’s Ranch.

Financing was a collaboration between local banker Wayne Steinour of ACNB Bank, and our office in partnership with Pennsylvania Industrial Development Association (PIDA). A $400,000, 15-year low-interest (two percent) loan assisted Boyer with the purchase. Boyer says financially, Steinour’s recommendation to apply for a PIDA loan to cover part of the financing, was “beneficial,” since that portion of the loan will remain fixed at two percent for 15 years.

“Agriculture remains one of Adams County’s top three industries, thanks to innovative growers and producers such as John Boyer. Additionally, we are grateful for community partnerships with local lenders such as Wayne Steinour at ACNB Bank who realize the value of enhancing financing by leveraging ACEDC’s relationships and contacts at the state level,” says Robin Fitzpatrick, President of Adams Economic Alliance.

It is indeed our pleasure to partner with local bankers such as Steinour in order to deliver the very best financing products to Adams County businesses. We do not view PIDA loans as “competition” with local banks; instead we view the PIDA portion of the overall loan as Steinour did—a partnership that resulted in the best option for Boyer as a bank customer and potential Adams County business owner. These partnerships create a business-friendly environment and economic prosperity for Adams County.

Could your business benefit from low-interest, fixed-rate financing? The state has made this incredible financing opportunity (two percent, fixed rate) available to businesses, now through December 31! Loan applications submitted through our office to PIDA will receive this low interest rate for the full term of the loan. Real estate loans can be termed out to 15 years; machinery or equipment loans can be termed out to 7 or 10 years. Feel free to call me today to discuss the possibilities! 717-334-0042, x2

Brown’s Ranch, recently purchased by John Boyer

 

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Press Release: Historic Gettysburg Farm Acquired Via Adams County Economic Development Funding

“Brown’s Ranch” Developing into Beef Cattle Operation

 GETTYSBURG, PA (August 16, 2017) – A low-interest loan facilitated through Adams County Economic Development Corporation (ACEDC) and Pennsylvania Industrial Development Authority (PIDA) helped secure the purchase of a historical 232-acre farm in Adams County that’s being developed into a cow calf operation.

“I’ve been searching for a property in Pennsylvania, looking for a way to get back into agriculture, for three years. There aren’t many cattle farms in PA, but this property has the most character out of any that I saw… it was a natural fit,” says John Boyer, 38, of Elizabethtown, Lancaster County.  Currently a defense contractor, Boyer grew up in the agricultural industry and studied animal science at Texas Tech.

A $400,000, 15-year low-interest (two percent) loan processed through ACEDC and PIDA assisted Boyer in the purchase of “Brown’s Ranch,” Gettysburg. The farm has the distinction of bordering the Gettysburg National Military Park along Confederate Avenue; the property’s home was used during the Battle of Gettysburg as the headquarters for Confederate General A.P. Hill.

Financing was organized by ACEDC Vice President Kaycee Kemper through PIDA, and local banker Wayne Steinour, Adams County National Bank.

Boyer’s plans for the property include hay production, and a cow/calf operation. He says financially, Steinour’s recommendation to apply for a PIDA loan to cover part of the financing, was “beneficial,” since that portion of the loan will remain fixed at two percent for 15 years.

“Agriculture remains one of Adams County’s top three industries, thanks to innovative growers and producers such as John Boyer,” says Robin Fitzpatrick, ACEDC President.

“Additionally, we are grateful for community partnerships with local lenders such as Wayne Steinour at ACNB Bank who realize the value of enhancing financing by leveraging ACEDC’s relationships and contacts at the state level,” Fitzpatrick says.

ACEDC is certified annually by the state’s Department of Community and Economic Development (DCED) in order to process and administer loan and grant programs for Adams County’s businesses.

This project marks the 143rd low-interest business loan facilitated by ACEDC—and the 46th within Adams County’s agricultural community—since 1996. Previous agricultural loan projects, located throughout the entire county, supported projects that included cattle, orchards, chickens, crop production, eggs, turkeys, and wineries.  Agriculture is considered one of Adams County’s three main pillars of industry, sharing that distinction with tourism and manufacturing/industrial.

Overall, since 1996, ACEDC has secured $29.7 million+ in total public investment via low-interest loans and grants from DCED and $80 million+ in total private investment via local commercial financing.

Adams County Economic Development Corporation (ACEDC), Gettysburg, PA, is a private, 501 (c)(6) not-for-profit organization incorporated in 1989 as a result of a task force initiated by Adams County business leaders. The corporation is governed by a board of director comprised of many local and regional community leaders from all sectors of industry. ACEDC’s mission is to improve the economy of Adams County while preserving and enhancing the quality of life by formulating, implementing, and promoting economic development strategies for sustained investment and employment opportunities in Adams County. For more information, see acedc.org, follow us on Twitter (@AdamsCoEDC), Facebook (Facebook.com/acedc.org), and LinkedIn.

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MEDIA CONTACT:  KAREN HENDRICKS, HENDRICKS COMMUNICATIONS, 717-253-3553

The 232-acre Gettysburg cattle farm known as “Brown’s Ranch” has been purchased by John Boyer via financing arranged by Adams County Economic Development Corporation (ACEDC) in partnership with Adams County National Bank and Pennsylvania Industrial Development Authority (PIDA).

Help Us to Help You

This article was originally published in the Gettysburg Times, July 13, 2017:

By Robin Fitzpatrick

We (Adams County Economic Development Corporation staff) are passionate about advocating for Adams County’s businesses, economy, jobs, workforce, and quality of life. “Work Smart. Live Happy.” is the new slogan for the state’s economic development partners of which ACEDC is one. We realize that living, working, and playing in the greater Adams County community requires a balance and blend of business/industry, housing, preservation, services, recreation, etc. Continue reading Help Us to Help You

Collaborative Cold Storage Facility Expands to Support Adams County Fruitgrowing Industry

2014 Bream and Bear

Two family-owned and operated Adams County fruit growing companies, Bear Mountain Orchards and Bream Orchards, have expanded their cooperative cold storage facility via financing secured through the nonprofit Adams County Economic Development Corporation (ACEDC).

Bream and Bear Operating Company was founded in 2008; both parent companies have been in the fruit farming business since 1935. They joined forced to build a cold storage facility, beginning construction in 2009.

“ACEDC applauds the partnership between Bream and Bear, to creatively find a solution to the lack of fresh fruit storage in Adams County,” says Kaycee Kemper, Vice President of ACEDC. “Today, the expansion of their joint facility further enhances their ability to maximize the yields of their fresh fruit crops.” Continue reading Collaborative Cold Storage Facility Expands to Support Adams County Fruitgrowing Industry

Weikert’s Livestock Business Expands Thanks to Loan Facilitated by ACEDC

GETTYSBURG, PA (March 14, 2016) – A 4th-generation Adams County farmer and livestock producer recently added more than 100 acres of farmland to his family’s agricultural holdings thanks to a low-interest business loan facilitated through the nonprofit Adams County Economic Development Corporation (ACEDC) and funded through a mix of state resources and local bank financing.

Jeff Weikert of Weikert’s Livestock, Fairfield, says the acquisition of a 112-acre Highland Township farm will allow him to grow crops and eventually raise cattle on the property, located along Knoxlyn-Orrtanna Road. All of the cattle currently owned by Weikert’s Livestock graze on Virginia farmland; the purchase will help his family raise their signature beef cattle closer to home.

“I was raised in the (agriculture) business,” says the 31-year old Weikert, whose family business currently includes his father, uncle, and cousin. “My great-grandfather started the family business more than 50 years ago, and I hope I can pass it along to my children one day, so it’s awesome to carry on that tradition.” Continue reading Weikert’s Livestock Business Expands Thanks to Loan Facilitated by ACEDC

Welcoming Summertime Growth

Above: Growth at Adams County Winery

This article was published in the Gettysburg Times, July 9, 2015

By Kaycee Kemper

Did you know that summer is the season when the majority of children record their biggest growth spurts? This healthy, sunny, green time of year is also a wonderful time of growth—on many levels—for thriving Adams County businesses.

If your business is itching to grow in real estate terms—by purchasing, renovating or expanding real estate—or by purchasing machinery or equipment, then we may be able to help via a lending program. Our organization is certified by the state, annually, in order to facilitate lending programs to Adams County businesses. Continue reading Welcoming Summertime Growth