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Barrett Township is at a critical juncture. We are a unique and beloved community, with many small businesses that have boot-strapped themselves into  success and weathered national economic volatility across the decades. We have active and thriving neighborhoods, with multi-generational residents who have remained deeply committed to Barrett, despite the changing landscape of employment in the region. We have passionate volunteers that make a life worth  living happen, including supporting our community food bank and creating  special, shared moments – such as the annual Halloween parade and the Rotary’s Concert in the Park. This wealth of history and community vitality is at risk when we fail to invest in modern economic infrastructure. This is evidenced in dilapidated  buildings owned by out-of-town LLCs, unevenly enforced building codes, and the extreme burden placed on existing and start-up small business owners. Without the targeted, coordinated intervention of concerned residents and business owners, vacant properties will continue to disintegrate, and our taxpayer-funded  state and federal resources will continue to go elsewhere, impacting community morale, burdening all other taxpayers, and putting Barrett at risk of further decline.BEDCo is responding to this crisis by implementing a proven approach to local  economic development and community planning. We are an Economic Development Corporation – the specific entity type that exists nationwide to address  these issues in a community-forward, collaborative manner. We currently have a  once-in-a-generation opportunity to protect Barrett and reverse recent trends of  property decline. We have convened local businesses, non-pro t organizations,  and residents and aligned with state, federal, and local government leaders to work  together through BEDCo to restore vitality to the area.

As the Economic Development Corporation for Barrett Township, we will be  responsible for ensuring that Barrett achieves the following goals. As a result, our  community will be revitalized, beautified, and strengthened:

• Maintain, increase, and diversify tax base
• Increase revenues faster than the cost of municipal services increases • Business retention
• Economic vitality and diversification for commercial areas
• Maximize property through highest and best use
• Create and retain jobs, increase per capita income
• Self-sufficiency in the face of state and federal budget issues
• Recognition of local products, services, and tourism
• Beneficial partnerships between local governments, businesses,

and community members

Who Benefits? BEDCo’s work is to benefit the local economy of Barrett  Township: its residents and current and prospective business owners. Our core  mission is to strengthen and support the Barrett community by enhancing the  local economy.

Who is BEDCo? BEDCo was officially formed in April 2025 by a group of  concerned residents and business owners. Board member biographies are  available on our website.

BEDCo follows the successful model of economic development corporations (EDCs)  found throughout the nation, including in neighboring Pennsylvania communities, including Honesdale, Hawley, the Wyoming Valley, the Lehigh Valley, and  Carbondale. EDCs are the best-practices informed model to guide and implement  local economic development activities and are structurally necessary entities to  secure competitive federal and state grant funding for that purpose.BEDCO’s 5-year Strategic Plan is currently under development with an anticipated completion date in late February 2026. This plan will specifically outline our goals for community impact, programs designed to achieve those goals, and action steps to be taken to implement those programs and measure success. Everything we have done and will do in the future is in support of our mission: To strengthen and support the Barrett community by enhancing the local economy and economic opportunities of town residents.

What Have We Accomplished? We have already reached the following  significant milestones:

Organizational Milestones: Forming a new organization is hard work. We are extremely proud of all that we have accomplished in our first year.

• April 2025: Charitable entity registered; Formed Board of Directors
• April 2025 – Ongoing: BEDCo Chair Michael Allegretti has met in person,  one-on-one with over 30 concerned residents and business owners to hear  their input.
• May 2025: Held small-format business roundtable input session
• July 2025: Initial “friends and family” fundraising event raised nearly $100,000  in start-up capital
• August 2025: Convened a meeting of regional Economic Development  Corporation leaders to provide guidance and input on our organization’s goals  and strategy
• August 2025: Secured volunteer commitments for key professional services,  including fundraising and grants management ($120,000 in value), and  nonprofit strategic planning ($25,000 in value)
• August 2025: Held second small-format business round table input sessions
• September 2025: Formed Community Advisory and Business Advisory Boards
• October 2025: Granted 501c3 exempt status by the IRS
• October 2025: Launched BEDCo’s internal strategic planning process
• October 2025: Researched and interviewed candidates and secured initial  engagement with Derck & Edson, a leading  rm in community economic  development and land use planning
• November 2025: Held large-format, in-person community information session  with over 250 attendees – an astounding 5% of the township population.

Community Impact / Project Milestones: While we are deeply committed to  developing our strategic action plan based on community input and professional  best practices, we have jumped in to help where there are obvious problems that  we could lend a hand to  x by virtue of the network we have already built and  without a significant outlay of resources:

• August 2025: Addressed and fixed downed Verizon lines along Route 390.
• September 2025: Created a gateway to the Barrett Administrative & Recreation  Center (BARC) with new signage and landscaping.
• November 2025: Currently working on railing repairs on the Route 390 Cresco  bridge.