The Pottsville Area Development Corp. announces its partnership with Alvernia University’s O’Pake Institute for Economic Development and Entrepreneurship.

The strategic alliance provides comprehensive business plan writing services, technical assistance and access to revolving loan funding to support new and existing businesses in central and southern Schuylkill County.

PADCO President David Young, executive director of Schuylkill Community Action, said: “We are excited about the opportunities this partnership with Alvernia University’s O’Pake Institute will bring to the community. This collaboration will help local entrepreneurs access the resources they need to succeed, contributing to a stronger, more vibrant regional economy.”

The partnership will complement PADCO’s mission to enhance economic and social vitality in the region, leveraging the O’Pake Institute’s expertise in fostering innovation and entrepreneurship.

Together, the organizations will assist entrepreneurs with the tools and guidance needed to develop business plans and establish financial sustainability.

They will offer technical assistance to support the different needs of local businesses to take advantage of marketing opportunities.

Additionally, the partnership will facilitate access to PADCO’s Revolving Loan Fund, Operating Capital Fund and grants to initiate community and economic development projects that promote job creation and economic growth.

“This partnership with Alvernia University’s O’Pake Institute marks an exciting new chapter for PADCO and Schuylkill County,” said Savas Logothetides, executive director of PADCO. “By combining our resources and expertise, we can significantly expand our footprint and provide the support necessary to foster a thriving business community and drive economic value across the region.”

The partnership will have a positive impact on fostering job creation, supporting local businesses and contributing to the overall economic vitality of Schuylkill County. PADCO and the O’Pake Institute are united in their vision of a vibrant, prosperous future for the region.

“Alvernia and O’Pake’s mission is to serve those in the communities that we reside, and we are thrilled to be able to support PADCO in strengthening Pottsville and Schuylkill County’s entrepreneurial community by providing our student-powered business services and resources,” said Rodney S. Ridley, Ph.D., Alvernia University vice president of research, economic development and strategic initiatives and chief operating officer of the O’Pake Institute

For more information about this partnership, contact Logothetides at 610-621-4235 or by email at info@pad-co.com.