A project in Berks County is among nine to receive approval through the Commonwealth Financing Authority (CFA) that will empower communities and economic development partners to attract businesses by building an inventory of ready sites.
Gov. Tom Wolf said Tuesday the Business In Our Sites (BOS) projects, totaling $48,710,441 in grants and loans will increase the state’s ability to attract businesses that create family-sustaining jobs.
“Pennsylvania’s strong competitive advantage is reinforced by the funding approved today,” said Wolf. “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.”
The Berks County Industrial Development Authority was approved for a $2,802,411 grant and a $4,203,617 loan to help fund infrastructure development within Berks Park 183 in Bern Township.