Multimodal Transportation Funds projects in Lehigh, Berks, Montgomery, and Northampton counties are among the 157 new project approvals receiving more than $58 million in grants and loans.
The $58,662,492 in funding was announced Friday by Department of Community and Economic Development (DCED) Acting Secretary Rick Siger. Projects are funded through the Commonwealth Financing Authority (CFA) and are aimed at strengthening the agriculture industry, enhancing infrastructure, and developing real estate across Pennsylvania.
Siger said in a statement the projects will help make Pennsylvania a better place to live and work.
“From making critical infrastructure improvements, to strengthening small communities, these projects work to enhance our economy and improve the quality of life for Pennsylvanians,” Siger said.
The CFA approved 155 MTF projects totaling $56,143,529. MTF encourages economic development and looks to ensure a safe and reliable transportation system is available to Pennsylvania residents. MTF projects were approved in 45 counties, including Berks, Cumberland, Dauphin, Lancaster, Lehigh, Montgomery, Northampton, and York.
Building PA (BPA) provides mezzanine capital for developers for real estate assets in small to mid-sized communities. Funds can be used for projects that are commercial, industrial, and multi-use. Through the EDC Finance Corporation, Rock Lititz received $2,308,963 to construct Pod #4, a 133,600-square-foot multi-tenant building in Warwick Township.