Gov. Tom Wolf announced Tuesday the approval of five projects through the Commonwealth Financing Authority (CFA) to assist in the construction of new, energy efficient buildings in Lancaster and Beaver counties and create or expand agriculture operations.
The approved projects total $7.5 million in grants and loans and were funded through Building PA, High Performance Building, and the First Industries Fund (FIF) programs. They are projected to create at least 252 new jobs.
“We know that making targeted, strategic investments in economic development can impact communities in a multitude of ways, from increasing jobs and revenue to revitalizing underused spaces,” Wolf said. “The projects funded today will benefit Pennsylvania’s businesses, residents, and industries alike for decades to come.”
EDC Finance Corporation will receive four loans to assist with the construction of three buildings, the acquisition of farmland and the construction two chicken broiler houses in Lancaster County.
Mycelia Development, LLC will receive a $448,953 High Performance Building grant to assist with the construction of a 16,670-square-foot cultural life and arts center in the downtown core of Beaver Falls.