Bethlehem Economic Development Corporation

“The organization provides a copy of form 990 either by email or mail before it is filed.”

“Each director, officer, employee, volunteer in leadership roles, or independent contractor shall sign a certification on an annual basis. The interested person must disclose in writing, or verbally at a board of directors meeting that there is an existence and the nature of his or her conflict of interest. The board of directors shall, if appropriate, investigate alternatives to the acutal or proposed transactions or arrangements. After excercising due diligence, the board of directors shall determine whether bedco can obtain a mor advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest.”

“The governing documents are made available for public inspection upon request.”

“The corporation is incorporated under the non-profit corporation law of the commonwealth of pennsylvania for the following purpose or purposes: - to enhance the economic development of the city of bethlehem and promote and assist the growth and development of business concerns, including small business concerns, in the said area. - the corporation is formed to receive and administer funds exclusively for education and charitable purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1954 (or corresponding provision of any future united states internal revenue law). Its purpose shall be to assist in the development of projects, undertakings, studies and other activities in cooperation and in coordination with federal, state and local governmental and civic bodies for the elimination of slums, blight and blighting influences, and to aid, assist and foster the planning, replanning, development, renewal, redevelopment and improvement of business in the city of bethlehem, lehigh and northampton counties, pennsylvania, all for the primary purpose of combating community deterioration and the securing of the growth and development of business concerns, community facilities and other related facilities, services, and general welfare of the community to that end. - to take, accept, hold and acquire by request, devise, gift, purchase, loan, or lease any property, real, personal or mixed, whether tangible or intangible, without limitation as to amount or value. - to sell, convey, lease, or make loans, grants, or pledges of any such property, or any interest therein, or proceeds therefrom, and to invest and reinvest the principal thereof and receipts therefrom, if any. - to borrow money upon and pledge or mortgage any such property for any purpose for which it is organized, and to secure notes, bonds, or other forms of indebtedness to secure any of its obligations. - to provide loans for the construction, restoration, reconditioning, remodeling or repair of existing structures, in order to prevent the recurrence of economically and socially disastrous conditions. - to encourage and assist in the preparation of plans, surveys, studies and recommendations. - to guarantee undertaking, contracts or performances of others. - to encourage citizen participation in economoic and community improvements and improvement programs and to disseminate information to the general public concerning the objectives and purposes of the corporation. - to hold, improve by construction or otherwise, develop, clear, prepare, and dispose of real property. - to aid and assist in the construction, acquisition, or rehabilitation of structures for the purpose of economic development of the city of bethlehem. - to carry on any of the foregoing activities or purposes either directly, or as an agent for or with other persons, associations or corporations. - to carry on any activity and to deal with and expand any such property or income therefrom for any of the foregoing purposes without limitation, except such limitations, if any, as may be contained in the instrument under which such property is received, the certificate of incorporation, the by-laws of the corporation, or any other limitations as prescribed by law, provided that no such activity shall be such as is not permitted by a corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code of 1954 or corresponding provision of any future united states internal revenue law, and that the corporation shall not attempt to influence legislation by propaganda or otherwise, or shall it intervene in, or participate in, any political campaign on behalf of any candidate for public office; and provided further that no part of the net earnings of this corporation shall inure to the benefit any member, officer, director or private individual; and no director, or officer of”

“To provide affordable rental spaces to small businesses and to continue to serve and attract small companies within the technology industry to the city of bethlehem.”