Photo L. Michael Ross, President, Franklin County Area Development Corporation and Bob Cormack.
BCEDC Executive Director was Awarded Economic Developer of the Year
Bob Cormack was awarded “Economic Developer of the Year” by the Pennsylvania Economic Development Association (PEDA).
Bob has a career of more than 40 years in economic development, currently 33 years as Executive Director of the Bucks County Economic Development Corporation (BCEDC). Under his leadership, BCEDC has consistently been among the most impactful and influential Certified Economic Development Corporations (CEDO) in the Commonwealth. No CEDO has successfully sponsored and administered more (Pennsylvania Industrial Development Authority (PIDA) loans during his tenure. The PIDA loans represent tens of millions of capital investments and the creation and retention of thousands of jobs across Bucks County.
BCEDC was charged with the responsibility of the redevelopment of the former Warminster Naval Base. Under Bob's direction, the redevelopment was completed in near record time. It is a national "Best Practice" within the Department of Defense for Base Realignment and Closure (BRAC) projects.
Bob has been a tireless advocate for the advancement of the economic development profession. He has been a two-time recipient of the President's Service Award given by the Northeastern Economic Developers Association (NEDA). Moreover, he chaired a landmark Economic Impact Study of CEDOs for the Pennsylvania Economic Development Association.
This is a well-deserved award recognizing Bob's accomplishments and his service to Bucks County.