Tuesday, January 9, 2018

$1 Million RACP Grant Announced for Highridge Business Park

Representative Neal P. Goodman (D-Schuylkill) and Senator David G. Argall (R-Schuylkill/Berks) today announced a Redevelopment Assistance Capital Program (RACP) grant that will support further economic development at the Highridge Business Park.

The Schuylkill Economic Development Corporation has been awarded $1 million to begin a 120,000 square foot building at the Highridge Business Park on a pad ready site in Cass Township.

RACP is a state grant program administered by the Pennsylvania Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity.

“History speaks for itself with regard to this sort of job-creating investment in our community,” said the Chairman of SEDCO’s Board of Directors, Steve Field. “SEDCO has built many speculative buildings across Schuylkill County, buildings that now employ over 1,500 people and contribute over $11,000,000 of assessed valuation to the local real estate tax base. We’re thrilled that the Governor and our county legislative delegation believes in SEDCO’s ongoing efforts to grow Schuylkill County’s economy.”

“Congratulations to SEDCO and local officials who put together a strong grant application,” said Goodman. “I also want to thank Governor Tom Wolf for selecting Schuylkill County for this award. Over the past three years, he has become a tremendous supporter of our efforts to improve local roads, water, and sewer systems and to bring new, good-paying jobs to our county.”

“SEDCO has quite a history of filling speculative buildings across the many business parks in Schuylkill County, including large employers like Silberline, Hexcel, Honeywell and Highwood USA,” said Argall.