LANCASTER, PA, JUNE 10, 2023: On Thursday, June 8, the Executive Committee of EDC’s Board of Directors accepted the resignation of president Lisa Riggs, who will step down effective July 7, 2023, to accept a newly established leadership role at Team Pennsylvania, a public-private partnership that initiates and supports innovative programs to improve Pennsylvania’s competitiveness and economic prosperity.

Throughout her 9-year tenure with EDC, Lisa has passionately served the Lancaster County community at the helm of both EDC and EDC Finance Corporation. While the highlights of her time with EDC are many, the local business community will long remember and feel the positive impact of her efforts focusing on business retention and expansion, establishing EDC’s Center for Regional Analysis in 2016, and as a driver of the Recovery Lancaster initiative in the wake of the Covid-19 pandemic.

“At a time when economic uncertainty has become the norm, Lisa’s diligence and conviction have continually played an integral role in guiding the local business community through the many hurdles that it’s had to face,” reflects Troy Clair, chair of EDC’s Board of Directors. “From local companies and farming operations to regional financial institutions to international enterprises that now call Lancaster County home – so many businesses have benefitted directly from Lisa’s economic development savvy as well as her tenacity.”

On behalf of EDC’s staff and Boards of Directors, we wish Lisa all the best in her new role as Senior Managing Director, Economic Growth Strategy and Partnerships at Team PA, and look forward to seeing the impact she will undoubtedly make as an economic development leader at the state level.

EDC’s Board of Directors and Executive Committee will lead next steps, including evaluating the duties and requirements of the President role and exploring the most effective ways these duties can be handled on both an interim basis as well as in the long term.

Noting the strength and competency of the EDC team, EDC Board Chair Troy Clair expressed his confidence that the organization is more than suited to continue its unparalleled quality of work in supporting Lancaster County’s business community and fulfilling the mission and core strategies that were established in EDC’s recent Strategic Plan for 2022-2025.

In the weeks leading up to her departure on July 7, Lisa will continue to serve in her role as president and remain focused on the project work, team-building, and community support which have long defined her time of leadership at EDC.


Press Contact:

Mike McMonagle
Director, Marketing & Communications