The Commonwealth Financing Authority recently approved four projects at its Thursday board meeting.
Three projects, intended to support Pennsylvania’s agriculture industry, will be funded through the First Industries Fund and one through the Business in Our Sites grant.
“As we look toward the future after we emerge from the COVID-19 pandemic, it is critical that we make smart, strategic investments that will help stabilize our economy and support Pennsylvania’s agriculture and business communities,” Gov. Tom Wolf said. “The funding awarded today will lay the groundwork for that future. Our investments today will provide for a more secure tomorrow.”
The projects include:
A $400,000 loan awarded to Jacob and Lindsay Light, and Jeffrey and Fawn Bomgardner each through the Lebanon Valley Economic Development Corporation for use toward the construction of a total of four 31,500-square-foot broiler houses.
A $400,000 loan awarded to Reu-Hel Farms through the Greater Berks Development Fund for the construction of three developer duck houses totaling 61,800 square feet.
A $4 million grant and a $6 million loan awarded to SR424 through the Greater Hazleton Community Area New Development Organization to complete phase one of the Crossroads Point Business Park in Hazle Township, Luzerne County. Phase one will develop the first 197 acres that will include six flex/industrial buildings.