HARRISBURG – Sen. Pat Stefano (R-32) and Rep. Ryan Warner (R-52) announced that the Commonwealth Financing Authority (CFA) awarded nearly $2 million in grants and more than $3 million in low-interest loans to two Fayette County projects that will create 325 local jobs.
The first grant and loan were awarded to the Fay-Penn Economic Development Council, which will use the funding to build upon the success of the Dunbar Township Business Park. Another 19 acres will be developed within the park by constructing a 100,000 square foot multi-tenant building that will be marketed as commercial, industrial, manufacturing and office space. It is anticipated that the development of this building will result in the creation of 250 jobs.
“With so many people looking for better jobs or trying to re-enter employment after being forced out of the labor market because of Gov. Tom Wolf’s business closures, these job opportunies will benefit families in the district,” Stefano said. “I look forward to seeing the projects develop and eventually boost our local economy.”
This project received a $1.7 million grant and a $2.6 million 20-year, low-interest loan.
The second project would develop the North Union Commercial Park to accommodate new businesses seeking buildable property in Fayette County’s recognized major business and industry corridor. The site is fully permitted and will be used to attract commercial and light industrial businesses. Because of the project, 75 new jobs are expected to be created.
This project received a $220,000 grant and a $550,000 20-year, low-interest loan.
“Fayette County and the entire southwest region of the Commonwealth have so much potential for growth and opportunity,” Warner said. “This is a great investment in our future.”
The project was funded by the CFA, which is an independent agency of the Department of Community and Economic Development that administers many of Pennsylvania’s economic development and community improvement programs.
Mark Fetzko (Stefano’s office)
Patricia Hippler (Warner’s office)