Perkasie Borough celebrates $2,000,000 economic development RACP (Redevelopment Assistance Capital Program) Grant Award from State Officials that will create 2,700 new jobs.
Senator Santarsiero, Representative Staats Announce RACP Grant for Pennridge Development Enterprises, Inc.
PERKASIE − August 1, 2019 − State Senator Steve Santarsiero (D-10) and State Representative Craig Staats (R-145) announced the award of a $2,000,000 state grant for Pennridge Development Enterprises, Inc., to benefit the Pennridge Airport Business Park in East Rockhill Township and Perkasie Borough. This grant was awarded through the Redevelopment Assistance Capital Program (RACP), a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.
The Pennridge Airport Business Park is one of the few Class A industrial park projects remaining in Bucks County in the I-95, I-78, and Pennsylvania Turnpike corridor. This grant will allow three undeveloped parcels on 89 acres to be developed in one of the three phases required to complete the project. The first phase will consist of all the infrastructure improvements for the Park, including major utilities and roadway improvements and construction of two new buildings on site. Continue reading "Perkasie Borough celebrates $2,000,000 economic development RACP"