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GOV. CASEY PRESENTS $623,925 GRANT FOR STAUFFER INDUSTRIAL PARK

 GOV. CASEY PRESENTS $623,925 GRANT FOR STAUFFER INDUSTRIAL PARK
 SCRANTON, Pa., Nov. 25 /PRNewswire/ -- Gov. Robert P. Casey today presented a $623,925 state grant that will help open up 57 additional acres for development in the Stauffer Industrial Park, located on the border of Scranton and Taylor Borough.
 The governor made the presentation at a luncheon for local elected officials that was part of activities honoring the City of Scranton as Pennsylvania's Capital for a Day.
 Since Casey took office in 1987, the state has invested $5.3 million in grants and loans for the 390-acre industrial park. The park currently has 12 companies employing nearly 1,000 workers.
 "Since 1987, we've worked in partnership with the Greater Scranton Chamber of Commerce to provide the best possible facilities for businesses located in the Stauffer Industrial Park," Casey said.
 The Industrial Communities Site Program grant will be used by the Scranton Lackawanna Industrial Building Co. to extend an access road, sanitary sewer and water lines, and storm drainage facilities in the park.
 The improvements, located on the former site of two mining companies, are expected to open up eight new parcels for development. Local funds will pay for clean-up of the site's leftover mining scars.
 The improvements are expected to create 800 jobs within three years. Work on the improvements should conclude by next July.
 "Within a year-and-a-half a new Turnpike interchange will open just two miles away, making the Stauffer Industrial Park a prime location for industrial growth," Casey said.
 The governor noted that since 1987, the state has invested $25.4 million for 50 economic development projects throughout Lackawanna County creating 3,619 jobs and retaining another 3,762.
 He gave a number of examples including $3 million in loans to the Prudential Asset Management Co. for their new offices at Montage, creating 300 new jobs; and a $2 million loan to help Warner Communications manufacture tapes and compact discs in Olyphant, which created 140 new jobs and retained almost 1,700.
 Since 1987, the state has invested $37.8 million in public works projects in Lackawanna County through the Department of Property and Supplies and the PENNVEST water and sewer improvement program. An additional $17.6 million has been earmarked for projects that will soon be under construction.
 Casey displayed two large maps illustrating the state's economic development and public project investment in Lackawanna County over the past four years.
 The governor also outlined the progress of other state initiatives including:
 -- PENNVEST, a program that will spend $2.5 billion over the next 25 years to improve water and sewer systems statewide.
 -- recycling, which now has nearly 8 million Pennsylvanians in 400 communities participating.
 -- education funding, where the state has increased its investment by a record $1 billion during the past four years.
 -- PENNFREE, a program aimed at combating drug abuse through treatment, education and enforcement.
 Casey also spoke of challenges facing the state including environmental protection, workers' compensation insurance reform, education reform and the need for affordable quality health care.
 -0- 11/25/91
 /CONTACT: Charles M. Tocci of the Commonwealth News Bureau, 717-783-1116/ CO: Stauffer Industrial Park; Scranton Lackawanna Industrial Building
 Co. ST: Pennsylvania IN: SU:


CC -- PH030 -- 6890 11/25/91 13:38 EST
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Publication:PR Newswire
Date:Nov 25, 1991
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