Greater Reading Economic Partnership Partnership Inc

Organization Overview

Greater Reading Economic Partnership Partnership Inc is located in Reading, PA. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. Greater Reading Economic Partnership Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2018, Greater Reading Economic Partnership Partnership Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2018. While expenses have increased by 1.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

GREATER READING ECONOMIC PARTNERSHIP'S (GREP) MISSION IS TO LEAD REGIONAL EFFORTS TO ATTRACT, RETAIN, AND GROW BUSINESS AND TO MARKET BERKS COUNTY AS A COMPETITIVE AND ATTRACTIVE LOCATION FOR BUSINESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREATER READING ECONOMIC PARTNERSHIP (GREP) PROGRAM SERVICE ACCOMPLISHMENTS IN 2018 INCLUDED: WORKING WITH DEVELOPERS THAT WILL CREATE OVER 650 ACRES AND ALMOST 7.5 MILLION SQUARE FEET OF NEW INDUSTRIAL BUILDING DEVELOPMENT IN BERKS COUNTY IN NEXT 1 3 YEARS. WORKED WITH MORE THAN 110 BERKS COUNTY COMPANIES AND SMALL BUSINESSES TO MAKE THEM AWARE OF THE RESOURCES AVAILABLE TO HELP THEM GROW AND RETAIN JOBS IN BERKS COUNTY.THE IMPACT OF OUR MARKETING RESULTS IN OVER 750 JOBS BEING CREATED AND RETAINED IN BERKS COUNTY.PROVIDING DATA THROUGH GREATERREADINGSITES.COM FOR OVER 10 MILLION SF AND 850 ACRES AVAILABLE FOR COMMERCIAL AND INDUSTRIAL INVESTMENT. GREP SUCCESSFULLY POSITIONED BERKS COUNTY/GREATER READING AS A REGIONAL PARTNER WITH EASY ACCESS TO LARGE METRO MARKETS. GREATER READING IS PART OF THE LEHIGH VALLEY, PART OF SOUTHCENTRAL PA AND PART OF SOUTHEAST PA AND METRO PHILADELPHIA. AND OUR LOCATION IDENTITY HAS PAID OFF. AS A REGIONAL PARTNER WITH SOUTHEAST PA, WE LEVERAGED OVER $65,000 IN COMMONWEALTH FUNDS TO SUPPORT OUR LOCAL BUSINESS OUTREACH EFFORTS. MANAGED THE FOREIGN TRADE ZONE 147 FOR BERKS COUNTY; COORDINATED PROSPECT SITE VISITS WITH ECONOMIC DEVELOPMENT PARTNERS; IDENTIFIED KEY COMMON ISSUES OUR LOCAL COMPANIES ARE FACING TO DEVELOP STRATEGIES AND PROGRAMS TO SUPPORT THEM; PROVIDED MARKETING AND OUTREACH SUPPORT FOR THE DEVELOPMENT OF NEW INDUSTRIAL SITES AND BUILDINGS SO BERKS COUNTY WILL HAVE EXPANDED VISIBILITY FOR AVAILABLE LOCATION OPPORTUNITIES; PARTICIPATED WITH SEVERAL REGIONAL AND NATIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS INCLUDING; INDUSTRIAL ASSET MANAGEMENT COUNCIL, INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL, PENNSYLVANIA ECONOMIC DEVELOPMENT ASSOCIATION, SITE SELECTOR GUILD, AND THE WORLD TRADE CENTER OF HARRISBURG; AND MET ROUTINELY WITH LOCAL LEGISLATORS, STATE OFFICIALS, COMMUNITY, AND BUSINESS LEADERS TO PROVIDE UPDATES ABOUT ECONOMIC DEVELOPMENT IN BERKS COUNTY.GREP, AS THE LEAD MARKETING ORGANIZATION FOR BUSINESS ATTRACTION FOR BERKS COUNTY, CONTINUED AN AGGRESSIVE MARKETING AND PUBLIC RELATIONS CAMPAIGN THROUGHOUT 2018. SOME OF GREP'S MAJOR ACCOMPLISHMENTS INCLUDED: CREATED ORIGINAL CONTENT ON GREATERREADING.ORG AND DEPLOYED THROUGH VARIOUS DIGITAL PLATFORMS; DEVELOPED A MARKETING STRATEGY FOR TALENT ATTRACTION AND RETENTION FOR BERKS COUNTY; CREATED HIGH-QUALITY AND CUSTOMIZABLE COLLATERAL MATERIALS AND PROSPECT INFORMATION; ATTENDED 7 INDUSTRY TRADESHOWS AND CONFERENCES TO PROMOTE GREATER READING TO HIGHLY TARGETED AUDIENCES.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Butto
Director
$0
David Byrne
Director
$0
Marcelino Colon
Director
$0
Tim Dietrich
Director
$0
Mike Duff
Director
$0
Michael Fischetti
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $500,000
All other contributions, gifts, grants, and similar amounts not included above$453,054
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$953,054
Total Program Service Revenue$6,900
Investment income $2,675
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,005,322

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