Economic Development

The City of Farrell’s overall goal in economic development is through the sustained and collaborative strategies used in job creation, revenue generation, and improving the quality of life for residents, the business community, and visitors to the City. Throughout the years, the City has encouraged economic development efforts that target and attract/retain businesses, improve and create a more viable workforce pool, and promote city-wide branding and marketing initiatives.

Economic Development Consultants

sv-chamber-logoShenango Valley Chamber of Commerce

The mission of the Shenango Valley Chamber of Commerce is to be an advocate for the business community, to promote strategic collaborations between our business and community partners, to provide valuable benefits and services to our members and to be a leader for economic development and quality of life efforts in the Shenango Valley. Look for a wealth of information about the chamber of commerce, the Shenango Valley, the quality of life and economic climate of our region and all of the benefits of joining our organization. Serving more than 400 area businesses in and around the Shenango Valley area, we offer opportunities for businesses to network, grow and invest in our region. See the link below to visit the Chamber.

svezcShenango Valley Enterprise Zone Corporation

The Shenango Valley Enterprise Zone Corporation (EZ Corporation) is a Pennsylvania, non-profit corporation organized for the purpose of providing financial assistance to businesses. The EZ Corporations membership is comprised of representatives of the cities of Sharon, Farrell, and Hermitage and the Boroughs of Wheatland, Sharpsville, and Greenville. The EZ Corporations loan program has been established to stimulate the expansion of business and industry within designed enterprise zone areas of Mercer County for the purpose of creating or retaining jobs. Loans to businesses must serve a public purpose. They must primarily promote the health, safety or welfare of the public at large, and provide an overall benefit to the citizens of the community. Follow the link below to their website for more information.

Penn Northwest Development Corporation

penn-northwest-makeitin-logoAs Mercer County’s lead economic development agency, Penn-Northwest strives to benefit our region and make our community a better place. They are a regional player in community and economic development, providing corporate expansion solutions for new and existing industry. Penn-Northwest provides assistance, training, advice, and guidance to agencies and organizations throughout Mercer County and works to help complete priority projects important to our community. For more information on how they can assist you, follow the link below for their website.

Revolving Loan Fund

The RLF is a low-interest loan fund used as an incentive to attract new businesses interested in relocating in the City and assist existing business in expansion efforts. Detail of the qualifications, job creation requirements, loan limits and other information can be found following the link below. If you would like to discuss this with the City, please contact one of our ED consultants listed above, or the Farrell  City Manager.