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Companies seek redevelopment grants in Cumberland

By - Last modified: July 5, 2012 at 12:17 PM

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Development in Cumberland County could accelerate in coming years if companies are successful in seeking redevelopment assistance from a revamped state grant program.

The Cumberland Area Economic Development Corp., also known as Cumberland County Economic Development, has processed seven applications worth about $7 million for companies seeking grants under the state’s Redevelopment Assistance Capital Program, said Jonathan Bowser, CAEDC’s economic development director.

Three of those applications were for grants to be awarded in October, and the rest are applications for February awards in redevelopment assistance, he said. Some of those applications are related to site-selection talks CAEDC is having with companies to have them expand or move to Cumberland County.

Bowser could not say which companies are considering locating or expanding in the county because of nondisclosure agreements that are part of normal site-selection talks.

However, there continues to be interest in the warehousing and distribution industries because of locations near Interstate 81’s exits, he said.

Cumberland County has seen resurgence in logistics and commercial development in the past year.

Gov. Tom Corbett’s Budget Office relaunched the Redevelopment Assistance Capital Program on June 1, saying it will have $125 million per year. The program was started in 1986 but was revamped to include new application guidelines, stricter standards for evaluation and awards, and increased transparency, monitoring and reporting.

 

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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