Pennsylvania Gov. Tom Wolf | Tom Wolf/Facebook
Pennsylvania Gov. Tom Wolf | Tom Wolf/Facebook
More than $48 million in grant funding has been approved for nine projects that will boost Pennsylvania’s economy and create jobs, Gov. Tom Wolf announced July 19.
The Commonwealth Financing Authority (CFA) has approved $48,710,441 in grants and loans for qualified Business in Our Sites (BOS) projects, according to press release from the governor’s office. The funding will be used to build an inventory of ready sites for businesses with the goal of attracting businesses to boost the state's economy.
“Pennsylvania’s strong competitive advantage is reinforced by the funding approved today,” Wolf said in the release. “Between our prime location, our skilled workforce, and our excellent infrastructure, the commonwealth has a lot to offer current and potential businesses. This BOS funding is a great tool that provides the resources needed to build pad-ready sites to increase Pennsylvania’s ability to attract and retain businesses.”
More information about the Commonwealth Financing Authority and the Department of Community and Economic Development (DCED) can be found on the DCED website.
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