Printer Friendly

GOV. CASEY OPENS MID MON CENTER

 FORWARD TOWNSHIP, Pa., April 16 /PRNewswire/ -- Gov. Robert P. Casey today hailed the opening of the Mid Mon Center, which has received more than $4.55 million in state aid, as a shining example of the administration's ongoing efforts to convert abandoned industrial sites into new productive business properties.
 The governor participated in the official ribbon-cutting for the industrial and office center, located along Route 136 near Donora, as part of the Capital for a Day activities.
 Mid Mon Center, the former site of Combustion Engineering and Liggett Spring and Axle, has received state economic development financing of more than $4.55 million since 1991 to assist with the costs of land acquisition, site preparation and infrastructure improvements.
 "When this site was abandoned, some may have seen it as a lost cause," Casey said. "But we saw it as an opportunity to develop new businesses that would provide jobs for Pennsylvania's working men and women.
 "In just a year and a half, this site has been completely renovated; and the result has yielded three new manufacturing companies."
 Casey also noted that the Governor's Response Team helped one of the center's occupants, GRD Steel, create 45 new jobs. Through the Response Team's efforts, GRD Steel received state financing of nearly $1.8 million so that it could locate a new micro mill operation in the Mid Mon Center.
 State funds have helped pay for equipment purchases, building costs and job training programs. Recently, GRD Steel received a $1.2 million low-interest loan from the Pennsylvania Industrial Development Authority to help renovate a building.
 The Response Team, which The New York Times has called Pennsylvania's "economic swat team," was created by Casey shortly after he took office in 1987. A 26-member unit in the Department of Commerce, the team helps businesses expand or locate in Pennsylvania by linking them with the state's resources, providing direct access to Casey, and expediting regulatory paperwork, such as environmental and other permits.
 Another key economic development program introduced by Casey is the Regional Opportunities Initiative, which identifies economically distressed regions that are targeted for state economic development financing. As improvements occur, the region becomes a magnet for private investment.
 The Mid Mon Center is in the Mid Mon Valley, which includes parts of Allegheny, Westmoreland, Washington, and Fayette counties. In the past five years, the state has pumped more than $11.25 million of economic development funds into the region through the Regional Opportunities Initiative.
 Pennsylvania also has invested another $26.6 million to complete the Mon-Fayette Expressway between Route 40 and Interstate 70 to create additional regional economic opportunities.
 Nearly half the state aid received by the Mid Mon Center has been provided through the Industrial Communities Site Program (ICSP), which helps fund the projects required to convert an abandoned industrial site into a property suitable for new industrial and commercial development.
 Casey's proposed budget for the 1993-94 fiscal year includes a 60 percent increase -- from $9.7 million to $15 million -- for the ICSP.
 /delval/
 -0- 4/16/93
 /CONTACT: Ron Jury of the Pennsylvania Department of Commerce, 717-783-1132/


CO: Pennsylvania Department of Commerce; Mid Mon Center ST: Pennsylvania IN: SU:

MJ -- PH033 -- 0954 04/16/93 14:48 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 16, 1993
Words:536
Previous Article:DAVID CROSBY JOINS LINE-UP FOR FREE WMMR ANNIVERSARY CONCERT
Next Article:LOUISIANA-PACIFIC SIGNS LETTER OF INTENT TO BUILD OSB PLANT IN IRELAND
Topics:


Related Articles
GOV. CASEY TO SPEAK AT OPENING OF LORD & TAYLOR FACILITY NEAR WILKES-BARRE THURSDAY
PENNSYLVANIA GOV. CASEY, ATTORNEY GENERAL PREATE ANNOUNCE $1.1 MILLION FINE AGAINST MONTGOMERY COUNTY HAZARDOUS WASTE TREATMENT COMPANY
GOV. CASEY TO BE IN YORK, PA., WEDNESDAY FOR DYNCORP GRAND OPENING
GOV. CASEY HAILS TUNNELTON MINE AGREEMENT
Pennsylvania Gov. Ridge Opens Mon-Fayette Expressway's `Mason-Dixon' Link; Calls the Expressway Mon Valley's Road to Good Jobs and a Better Quality...
SnoCountry Reports Latest Skiing Conditions Information.
SnoCountry Reports Latest Skiing Conditions Information.
SBA Disaster Loan Outreach Centers Close for Labor Day; Painesville Center Has a New Location.
Pennsylvania AFL-CIO Major GOTV Campaign Begins Today Across the State.
SBA Remains at Greenwich Location.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters