Governor Wolf Announces More than $152.4 Million in Statewide Investments to Support Business Development and Infrastructure Projects
Author: Heidi Havens
Harrisburg, PA – Governor Wolf today announced investments to support statewide economic development and infrastructure efforts through the Commonwealth Financing Authority, which today approved 418 projects totaling $152,414,748 in funding.
“The projects approved today through the Commonwealth Financing Authority are critical to the economic vitality of the state,” Governor Wolf said. “These impactful investments will support significant community and economic improvements and spark revitalization in Pennsylvania’s communities.”
At today’s meeting, 418 projects in Adams, Allegheny, Armstrong, Beaver, Berks, Blair, Bradford, Bucks, Butler, Cambria, Carbon, Centre, Chester, Clearfield, Clinton, Crawford, Cumberland, Dauphin, Delaware, Elk, Erie, Fayette, Franklin, Greene, Huntingdon, Indiana, Jefferson, Juniata, Lackawanna, Lancaster, Lawrence, Lehigh, Luzerne, Lycoming, McKean, Mercer, Mifflin, Monroe, Montgomery, Montour, Northampton, Northumberland, Philadelphia, Pike, Potter, Schuylkill, Snyder, Somerset, Tioga, Venango, Washington, Wayne, Westmoreland, and York counties were approved for funding under the Act 13, Alternative and Clean Energy, Building PA, Business in Our Sites, Local Share Account, Multimodal Transportation Fund, and the Pennsylvania Gaming Economic Development and Tourism Fund programs.
- Act 13: $17,021,884 in grants to support 118 Act 13 projects funded through the Marcellus Legacy Fund for statewide initiatives that include abandoned mine drainage abatement; abandoned well plugging; sewage treatment; greenways, trails and recreation; baseline water quality data; watershed restoration; and flood control.
- Alternative and Clean Energy (ACE): $19,121,869 in grants and $4,810,190 in loans to support 22 ACE projects for the utilization, development and construction of alternative and clean energy projects.
- Building PA (BPA): $7,550,000 in loans to support two BPA projects providing capital for developers for real estate assets in small to mid-sized communities.
- Business in Our Sites (BOS): $20,170,188 in loans to support nine BOS projects to provide patent capital to create shovel-ready sites for business development.
- Local Share Account (LSA) – Luzerne County: $12,145,404 in grants to support 70 LSA projects spurring economic development, community improvement and public interest projects in Luzerne County.
- Local Share Account (LSA) – Monroe County: $9,700,000 in grants to assist with 64 LSA projects that support community and economic development, and public interest projects in Monroe County and five contiguous counties to include Carbon, Lackawanna, Northampton, Pike, and Wayne.
- Local Share Account (LSA) – Montgomery County: $875,000 in grants to support five LSA projects that encourage redevelopment or revitalization of developed or underdeveloped land, and projects that improve water and wastewater infrastructure related to business development in Montgomery County.
- Multimodal Transportation Fund: $57,853,925 in grants to support 103 Multimodal projects to ensure the availability of safe and reliable transportation.
- Pennsylvania Gaming Economic Development and Tourism Fund Program (GEDTF): $3,166,288 in grants to support 25 GEDTF projects to support community and economic development in Allegheny County through revenues generated from all casinos.
For more information about the CFA, or a complete list of approved projects, visit www.newpa.com/cfa.
Lyndsay Kensinger, DCED, 717.783.1132
Jeff Sheridan, Governor’s Office, 717-783-1116