Governor Wolf Announces Approval of Seven Business Development Projects Projected to Create More Than 2,300 Jobs Statewide
January 23, 2018
Harrisburg, PA – Today, Governor Tom Wolf announced five new Business in Our Sites (BOS) project approvals and two new Pipeline Investment Program (PIPE) project approvals through the Commonwealth Financing Authority (CFA) to support redevelopment projects projected to create more than 2,300 jobs.
“Two of the most important components that business look for when they’re considering moving or expanding into another state is if the state has a selection of pad-ready sites to choose from, and if it has the energy infrastructure to power their growth,” Governor Wolf said. “These projects approved today address both of those issues, placing Pennsylvania at a competitive advantage over other states and creating thousands of jobs. This is great news for the six counties in which these projects are located.”
The BOS program empowers communities to attract growing and expanding businesses by helping them build an inventory of ready sites. Approved projects can use the funding for any site development activities that are required to make the site shovel-ready. The sites must be previously utilized property or undeveloped property that is planned and zoned for development.
In 2016, Governor Wolf recapitalized the BOS program, which infused $75 million from underutilized programs into the fund. The increased funding enables the CFA to support a significantly larger number of projects to assist with business development efforts in Pennsylvania.
The PIPE program, established by the governor in 2016, provides grants to construct the last few miles of natural gas distribution lines to business parks and existing manufacturing and industrial enterprises, which will result in the creation of new economic base jobs in the commonwealth while providing access to natural gas for residents. Applicants eligible for PIPE funding include businesses, economic development organizations, hospitals, municipalities, and school districts.
At today’s CFA meeting, the following seven projects were approved for funding:
- Allegheny County: The RIDC Southwestern Pennsylvania Growth Fund was approved for a $4 million grant and a $6 million loan to assist with the redevelopment of Mill 19B at the Hazelwood Green site in the city of Pittsburgh. BOS funds will be used for sitework/excavation, site utilities, landscaping, building demolition, building renovations, HVAC, construction, and engineering. The total project will cost $24,372,365 and will create approximately 200 jobs.
- Berks County: The Greater Berks Development Fund was approved for a $1,457,610 grant and a $2,261,196 loan to assist with the development of the Bern Township Industrial Development Park located in Bern Township. BOS funds will be used for acquisition, grading, infrastructure and in-ground utilities, pacing, curbing, and landscaping. The total project will cost $8,136,007 and will create approximately 825 new jobs.
- Blair County: The Altoona-Blair County Development Corporation was approved for a $3,960,590 grant and a $6,052,503 loan to assist with the redevelopment of the former Silk Mill property located in the city of Altoona. BOS funds will be used for demolition, infrastructure and utility improvements, renovations, site improvements, and engineering. The total project will cost $13,046,741 and will create approximately 150 jobs.
- Cumberland County: Real Estate Collaborative, LLC, a subsidiary of the Cumberland Area Economic Development Corporation, was approved for a $1,142,358 grant and a $1,713,536 loan to assist with the redevelopment of the former Tyco site located in the borough of Carlisle. BOS funds will be used for acquisition, site work, demolition, and storm water management improvements. The total project will cost $3,180,344 and will create approximately 68 new jobs.
- Westmoreland County: The Westmoreland County Industrial Development Corporation was approved for a $3,867,508 grant and a $5,801,264 loan to assist with the development of the Commerce Crossing of Westmoreland project located in Sewickley Township. BOS funds will be used for land acquisition, site preparation, utilities, engineering, and administrative costs. The total project will cost $10,097,794 and will create approximately 1,100 jobs.
- Berks County: Kings Real Estate Group A LLC was approved for a $1 million grant for the installation of 17,000 feet of pipeline to the Hamburg Commerce Park located in Perry Township. The pipeline will bring clean-burning natural gas energy to approximately 33 commercial businesses and 20 residential units. The total project will cost $2,068,960.
- Centre County: SEDA-COG Natural Gas Cooperative, Inc. was approved for a $1 million grant for the construction of a point of departure station located in Centre Hall Borough. As a result of the installation of the station, around 20,000 feet of delivery lines will be constructed through Centre Hall to serve approximately six commercial businesses and 89 residential units. The savings and efficiencies resulting from this project will allow Hanover Foods Corporation to retain its current workforce of 150 full-time jobs. The total project will cost $2,529,743.
Also during today’s meeting, the CFA board voted to reopen the Alternative and Clean Energy Program (ACE), which will now accept applications. ACE provides financial assistance in the form of grants and loan funds that will be used by eligible applicants for the utilization, development and construction of alternative and clean energy projects in the commonwealth.
For more information about the BOS or PIPE programs, the Commonwealth Financing Authority, or DCED, visit dced.pa.gov.