Bridgeport Economic Development Corporation

PRESIDENT: Edward Lavernoich

Phone: 203-335-3800

Email: lavernoich@brbc.org

 

The Bridgeport Economic Development Corporation (BEDCO), an affiliate of the Bridgeport Regional Business Council (BRBC), is a legally sanctioned economic development corporation organized under the laws of the State of Connecticut as a 501 (C) 3 corporate entity. As such BEDCO has the authority to undertake and manage development projects, borrow money, issue bonds, and undertake all related development activity as defined in the authorizing statutes

BEDCO is governed by a Board of Directors, made up of appointees from the Board of Directors of the BRBC and appointees from the City of Bridgeport.

 

BEDCO Activities

  • Assemble land for industrial and commercial expansion when designated as Development Agency (under Statute) for the City of Bridgeport
  • Administer brownfield cleanups
  • Provide grant/financing administration services for private companies receiving state economic development assistance
  • Provide grant/financing administration services and project management for neighborhood organizations
  • Provide cost-effective capacity to the City and State’s economic development efforts

Some Past BEDCO projects

  • Boston Avenue Industrial Park
  • Devar Instrumentation expansion
  • Chapin & Bangs expansion
  • Carpenter Technology expansion
  • Producto Machine expansion
  • Lacey Manufacturing expansion (3 times)
  • Bridgeport Innovation Center modernization
  • Read’s Artspace adaptive reuse
  • Arcade Hotel acquisition and restoration
  • Modern Plastics expansion, West End Municipal Development Project
  • Seaview Avenue Industrial Park
  • Management of project infrastructure and property improvement funding for Lower East Side Development Corporation

 

The 2018 BEDCO Board of Directors:

David Levine, Cohen and Wolf PC; BEDCO Board Chair

Ezequiel Santiago, State Representative 130th District, BEDCO Vice Chair 

Paul S. Timpanelli, Hodson Realty, BEDCO Treasurer

Edward Lavernoich; BEDCO President & Secretary of the Board 

 

Paul Antinozzi, Antinozzi & Associates

John Bundschuh, People's United Bank

Albert Carbone, Avangrid/UIL

Jeffrey Cugno, Cugno Law Group

Angel M. dePara Jr., City of Bridgeport

George Estrada, University of Bridgeport

Maureen Funke, Consultant

Ken Oppedisano, Main Enterprises Inc., Mechanical Contractors; Immediate past BEDCO Board Chair

Charles Stallworth, State Representative, 126th District

 

 

BRBC PARTNERS

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