Wolf Administration Highlights State-Supported Economic Development and Infrastructure Projects in Oil City
Oil City, PA – Today, Department of Community and Economic Development (DCED) Deputy Secretary of Community Affairs Rick Vilello joined the local leaders and partners on a tour of community revitalization and economic development projects in Oil City, Venango County. The tour included stops at the sites of a future craft brewery in the historic Oil City National Bank Building and a new multimodal transportation hub that will enhance bus service, transportation, and economic development throughout the county. Both projects are supported by state funding.
“It’s always rewarding to travel across the commonwealth to see the impacts that these projects are having on the community,” Vilello said. “The projects we saw today not only provide a source of recreation for residents and visitors, but the multimodal transportation hub provides a transformational infrastructure improvement to help the people and businesses of Venango County. That’s why projects like these are such a top priority for the Wolf Administration.”
The first stop on the tour, the site of the future Counting House Brew Works, was supported by a $500,000 Keystone Communities grant awarded to Venango County to establish a revolving loan fund for economic development projects across the county. The brewery is part of a larger rehabilitation project for the Oil City National Bank building, which is expected to also house a business incubator when renovations are complete, leading to further job creation and economic growth for Oil City. The renovation of the bank building is supported in part through a $1 million grant from the Redevelopment Assistance Capital Program.
“Oil City, and Venango County as a whole, is seeing so many great projects like the ones we visited today that are boosting the local economy and bringing true growth and development to this area,” said Jason Ruggiero, executive director of the Venango County Regional Planning Commission. “We’re grateful for the support of the community and the state as we look to keep this momentum going in the years ahead.”
The second stop on the tour was the site of the future multimodal transportation hub for Venango County. This $11 million project, supported through the Redevelopment Assistance Capital Program and the Pennsylvania Department of Transportation, will consolidate Venango County’s transit operations into one building, improving transportation services for the county and driving additional investment in the region.
For more information about the Wolf Administration’s commitment to community development and revitalization, visit the DCED website, and be sure to stay up-to-date with all of our agency news on Facebook, Twitter, and LinkedIn.
Michael Gerber, DCED, 717.783.1132