Governor Wolf Announces Funding for Development of Cool Valley Business Park in Washington County
August 10, 2018
Harrisburg, PA – Today, Governor Tom Wolf announced new funding for the development of the Cool Valley mixed-use industrial and commercial park in Washington County. The first phase of the project consists of the excavating and grading of 250 acres of land, as well as the installation of basic infrastructure, including water, gas, electricity and roads.
“I’m pleased to announce this funding to begin the work necessary for a project that will culminate in space to accommodate new and existing businesses and the growing gas, coal and energy industries in southwest Pennsylvania,” Governor Wolf said. “In addition, the potential for thousands of new jobs exists and is a welcome sign for this region’s economy.”
T&R Properties, Inc. in Cecil Township was awarded a $1 million grant to begin the multi-phased construction project. The first phase of the project will result in approximately 250 acres of pad-ready sites within 21 months of the commencement of construction activities. The Cool Valley project will substantially support economic development activities in Washington County, home to several large gas, coal, and energy companies.
“This project has tremendous potential to expand economic growth and job opportunities to not only our region but throughout the Commonwealth,” said Sen. Camera Bartolotta. “Specifically, the grant will be used to develop a mixed-use business park which upon completion will offer office and retail space, warehouses, hotel accommodations and even a medical center. The area has become a hub for residential and business development over the past few years and this funding and future project will build upon the park’s success for generations to come.”
Once completed, the project is expected to result in as much as three million square feet of office and flex building space in Cool Valley and the creation of thousands of jobs. Cecil Township also received $2.8 million in transportation funding for improvements to the intersection of state routes 1009 and 1036 to support the Cool Valley Business Park.
Supported through the Redevelopment Assistance Capital Program (RACP) program, funding will support critical expansion projects, some of which will provide opportunities for additional economic development.