CDFA Announces Winners of the Excellence in Development Finance Program Award
The Council of Development Finance Agencies (CDFA) is proud to announce the Lehigh Valley Economic Development Corporation as the winner of the 2016 CDFA Distinguished Development Finance Program Award for their Lehigh Valley Lending Network.
PA Governor Wolf Announces Pipeline Investment Program
The program will offer up to $24 million of total funding to make natural gas available to Pennsylvania residents, manufacturers, and pad-ready sites. Grants will be available for up to $1 million per applicant for pipeline project expenses, and will require 50% matching funds.
PA Announces $100M Impact Investing Initiative
Pennsylvania Treasurer Timothy A. Reese announced the launch of a $100 million impact investment initiative that will provide the "double-bottom line" benefit of providing a competitive rate of return while supporting state investments in development projects.
Changes in PA's CRIZ Program Provide Greater Benefits
Instead of looking at the entire zone's performance overall, the state now considers businesses individually and counts only growth in tax revenue. So if a business doesn't generate as much tax revenue as in their baseline year, the state basically ignores it.
20-Acre Brownfield to be Redeveloped in Reading PA
Commercial Development Co. Inc., a leading real estate and brownfield redevelopment company based in St. Louis, bought the property formerly owned by ICI Paints on Bern Street in order to repurpose it for new development.
DOT Grant Supports Pittsburgh Microgrids
The Pennsylvania city plans to create spines throughout the city that interconnect smart energy, transportation and communications. A goal is to improve air quality and traffic flow.
PennTAP Awarded Grants to Help Manufacturers with Energy Issues
The Pennsylvania Technical Assistance Program has received $655,000 in grants from the EPA and the state Department of Environmental Protection to provide energy and environmental assessments to Pennsylvania businesses.
Detroit Program Expanding Neighborhood Investment in Rustbelt
A union-led effort that's helping improve homes and create jobs in Detroit is being expanded to other rustbelt cities as part of a $2.1 billion effort to help communities struggling with aging neighborhoods, disinvestment and unemployment.
|