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"→
By Natalie Kostelni – Reporter, Philadelphia Business Journal
Jun 7, 2019, 1:31pm EDT
Pennridge Development Enterprises Inc. is constructing a 100,000-square-foot building on speculation as part of a bigger, $60 million plan to create an 80-acre industrial campus adjacent to the Pennridge Airport in Bucks County.
The building is being marketed to manufacturing companies that have been squeezed out by the increased conversion of these types of properties into distribution centers.
The property, which is zoned for industrial use, is owned by the same family that owns the Pennridge Airport in Perkasie. A plan was established about three years ago and work began last year on the first building. The owners would like to construct six buildings with nearly 700,000 square feet of space. “It’s a really good market for this type of space,” said Rob Brink, president of Pennridge Development. Continue reading "Pennridge Airport Business Park"→
Daily Intelligencer – by James Boyle, Staff Writer, August 5, 2016
Officials from New Britain, Bucks county and Delaware Valley University have discussed for the past three years the plans to redevelop a stretch of Butler Avenue (Business U.S. Route 202) into a Main Street-style, walkable university town.
“There’s been a lot of talk and ideas for the Butler Avenue corridor,” said Lynn Bush, executive director of the Bucks County Planning Commission. “We are now seeing something actually happening.”
Perkasie’s “overnight” success story has been years in the making.
While downtown revitalization efforts may be more prominent now, years of planning and discernment have gone into the Borough’s current economic vitality and investment strategy yielding residents, business owners and borough officials results they can see, touch and feel.
From modernization efforts that never got off the ground in the 1970s to a catastrophic fire in 1988 that wiped out an entire block in the downtown, to national recognition last year for holding the oldest Christmas tree lighting ceremony in the country, Perkasie Borough is a small town, American innovator. Continue reading "Member Spotlight: Perkasie Borough"→