Six Valley projects sharing $2.4 million in tax credits
December 13, 2020
Six projects in the Mid Mon Valley Regional Enterprise Zone will share $2.4 million in tax credits from the state Department of Community & Economic Development.
The credits are being awarded through DCED’s Neighborhood Assistance Program. Mon Valley Alliance, a certified economic development organization, provided direct assistance to these projects.
These credits are expected to leverage another $21.3 million of private investment within the zone, creating about 120 jobs while retaining 368 positions.
In a prepared statement, Ben Brown, MVA’s chief executive officer, thanked Gov. Tom Wolf and DCED secretary Dennis Davin “for their support of the Regional Enterprize Zone Program, and in particular, their continued investment in the Mon Valley.
“The combined investments by the commonwealth and private businesses will create over $23 million in economic development,” the statement read.
These projects – all in Washington County – will involve expansion of the General Electric facility and blight remediation to two buildings in Speers; construction of two industrial buildings in Alta Vista Business Park in Fallowfield Township; expanding the Barchemy facility in Donora; and rehabilitation of aging industrial space in Speers Industrial Park in Charleroi.
The applicants and their tax credit amounts are: Oceancliff LLC, Charleroi, $110,735; Bar Nun Properties, Donora, $500,000; Deer River Holdings LLC, Speers, $292,500; Alstom Grid LLC, $500,000; Frontier Railroad Services LLC, Fallowfield, $500,000; and Fratelli Partners LP, Fallowfield, $500,000.