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David Nikoloff resigns from Economic Development Company of Lancaster County, EDC Finance Corporation

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David Nikoloff
David Nikoloff - (Photo / )

After several decades with the organizations, David K. Nikoloff has resigned as president of both the Economic Development Company of Lancaster County and EDC Finance Corporation.

The announcement was made today by John D. Cox, chairman of Economic Development Company of Lancaster County, and Joshua D. Cohen, chairman of EDC Finance Corporation.

"They acknowledged his 20 years of dedicated leadership and service, which included the growth of EDC and EDC Finance Corporation and significant contributions to economic development in Lancaster County," a news release said. "Both Mr. Cox and Mr. Cohen wish Mr. Nikoloff the best in his new endeavors."

The release did not specify what those endeavors might be. John Biemiller, respectively executive vice president and COO of the organizations, will serve as their interim president during the search for Nikoloff's replacement.

According to the release, Nikoloff joined EDC in 1991 from the Cumberland County Redevelopment Authority, and his tenure included the following:

. EDC participated in projects which brought hundreds of millions of dollars of business investment to Lancaster County and created thousands of jobs.

. EDC worked with numerous businesses interested in locating operations in the area, most recently including projects such as Urban Outfitters, Quality Bicycle Products and Nordstrom.

. EDC Finance Corporation grew from the administrator of two state funding programs for industrial companies in Lancaster County to an active regional lender providing state funding to a variety of business and urban redevelopment projects in Lancaster County and Small Business Administration 504 loans to businesses throughout Southcentral PA.

. EDC Finance Corporation assembled the majority of the site for Clipper Magazine Stadium, which was later sold to the Lancaster County Housing and Redevelopment Authorities, which constructed the stadium.

. EDC and EDC Finance Corporation partnered with Lancaster General Health, Franklin & Marshall College and Armstrong World Industries to demolish, remediate and redeploy the former Armstrong manufacturing plant in Lancaster City, a more than $28 million project that involved more than 1 million square feet of space in more than 200 buildings.

Write to the Editorial Department at editorial@cpbj.com

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