Governor Tom Corbett Monday announced in a press release the award of 54 new Economic Growth Initiative grants. Those fifty-four projects, totaling nearly $125 million were selected for funding.
The projects will create or retain more than 56,000 jobs in 28 counties across the state.
The program provides grants to local communities for the acquisition and construction of regional economic, cultural, civic, and historical improvement projects.
Last year, Governor Corbett reformed the state’s method of funding redevelopment assistance capital projects with a significant redesign, making the process more transparent and objective. Projects are now selected based upon their job-creation potential, their economic impact, as well as their viability and construction readiness.
Governor Corbett explained that the redesigned program has a clearly defined application process with published guidelines and procedures, a merit-based evaluation and selection system, and increased transparency. The new program will also maintain thorough monitoring, measurement and reporting, including posting all applicants and selected projects on the Office of Budget’s website.
“Through transparency and well-established criteria, we can assure taxpayers that the projects we fund today will be of true benefit to their communities and will create jobs that Pennsylvania needs,” Corbett said. “This newly improved program will allow us to pay down our existing debt instead of passing it onto our children.”
Because the applications submitted for this round of grants far exceeded the amounts available, those who didn’t receive grants are encouraged to work with the Office of Budget to determine the likelihood of success in the next round.
Local projects selected include:
Holy Spirit received $3,250,000 for the Holy Spirit Electronic Data Center.
Carlisle Productions received $2,000,000 for the redevelopment of the IAC Brownfield Site, which is the location they are holding public meetings about redeveloping.
Pinnacle Health recived $1,640,000 fir the Pinnacle Health Cardiothoracic Intensive Care center.
Bishop McDevitt High School received $710,000 for road improvement to Spring Creek Road.
The Borough of Chambersburg received $500,000 for the Borough of Chambersburg CNG (Compressed Natural Gas) Refueling.
The projects will create or retain more than 56,000 jobs in 28 counties across the state.
The program provides grants to local communities for the acquisition and construction of regional economic, cultural, civic, and historical improvement projects.
Last year, Governor Corbett reformed the state’s method of funding redevelopment assistance capital projects with a significant redesign, making the process more transparent and objective. Projects are now selected based upon their job-creation potential, their economic impact, as well as their viability and construction readiness.
Governor Corbett explained that the redesigned program has a clearly defined application process with published guidelines and procedures, a merit-based evaluation and selection system, and increased transparency. The new program will also maintain thorough monitoring, measurement and reporting, including posting all applicants and selected projects on the Office of Budget’s website.
“Through transparency and well-established criteria, we can assure taxpayers that the projects we fund today will be of true benefit to their communities and will create jobs that Pennsylvania needs,” Corbett said. “This newly improved program will allow us to pay down our existing debt instead of passing it onto our children.”
Because the applications submitted for this round of grants far exceeded the amounts available, those who didn’t receive grants are encouraged to work with the Office of Budget to determine the likelihood of success in the next round.
Local projects selected include:
Holy Spirit received $3,250,000 for the Holy Spirit Electronic Data Center.
Carlisle Productions received $2,000,000 for the redevelopment of the IAC Brownfield Site, which is the location they are holding public meetings about redeveloping.
Pinnacle Health recived $1,640,000 fir the Pinnacle Health Cardiothoracic Intensive Care center.
Bishop McDevitt High School received $710,000 for road improvement to Spring Creek Road.
The Borough of Chambersburg received $500,000 for the Borough of Chambersburg CNG (Compressed Natural Gas) Refueling.