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April 2016: Enterprise Zone Corp. of Braddock

excb-logoEnterprise Zone Corp. of Braddock Assists Business Development

The Enterprise Zone Corp. of Braddock (EZCB), an I.R.S. designated 501(C)(3) non-profit corporation, was established in 1986 to promote economic and job development in the Braddock area. Since that time the corporation has put its emphasis on retaining existing businesses and actively recruiting new wholesale distribution and light manufacturing firms along with creating new employment for local residents.

Subsequently the EZCB in conjunction with the municipalities of Braddock, North Braddock, Rankin and Swissvale expanded the Braddock Enterprise Zone into the adjoining communities. This initiative extended Enterprise Zone benefits to these communities to encourage investment and job creation.

Approximately forty (40) members of the corporation including representatives from business, government and local residents, are an active part of an economic development “network” to promote the revitalization of the area. Since the establishment of its business revolving loan program in 1987, the EZCB has authorized fifty (50) low-interest business loans, loaning over $3 million in funds, leveraging over $16 million in private investment and creating over 400 new jobs. Major developments include Gulf Materials, LLC, the Grand View Golf Club, and Gray Welding.

Twenty-five (25) Neighborhood Assistance Enterprise Zone Tax Credit Program applications have been processed by the EZCB that have received final approval by the Pennsylvania Department of Community and Economic Development. These tax credits have been utilized by local firms in expansion activities. U. S. Steel has secured over $2 million in State tax credits for the investment in the new continuous caster and other capital investment at the Edgar Thomson Works. In 2014 Trek Development received a $500,000 Enterprise Zone State Tax Credit for a commercial development in Braddock.

In 2011 the EZCB established the Building Investment Loan Fund to assist commercial building owners in renovating the exterior and interior of buildings. Ella Thomas of the Thomas Beauty Salon in Braddock was the first loan recipient.

According to William Pfoff, EZCB President: “Our business is to advance business and help communities grow. We can help you access funding, cut through red tape and obtain the services you need to succeed”.

The EZCB is a membership organization with nominal dues of $10 to $50 per year depending on membership category. Membership is open to individuals and to public and private organizations in the four boroughs.

For more information on the EZCB, go to www.ezcb.org or call 412-371-6380.

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Borough of Braddock

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