HARRISBURG – Sen. Tracy Pennycuick (R-24) and Rep. Joe Ciresi (D-146) announced today that they secured $2,500,000 in Redevelopment Assistance Capital Program (RACP) grants for projects in Montgomery County.
“I am thrilled to see that these projects were approved. This funding will have a significant impact on our regional economy by creating high-paying jobs and expanding our local transportation network to allow for a more efficient movement of people and goods,” said Pennycuick. “I am grateful for the opportunity to collaborate with my fellow legislator, Rep. Ciresi, to secure these grants for our constituents.”
“This $2.5 million in capital funding for Pottstown and Limerick will improve the quality of life in our district by restoring a disused historic building in Pottstown, improving transportation infrastructure in Limerick, and building up our area’s pharmaceutical and sustainable energy sectors,” Ciresi said. “This money will create jobs in our district, strengthening our district’s reputation as a thriving economic area.”
Sen. Pennycuick and Rep. Ciresi advocated and secured funding for the following projects:
- $500,000 for Montco Tech Center, LLC to renovate the old Harp Taxi building for the expansion of neighboring VideoRay, the largest employer in downtown Pottstown.
- $500,000 for Pottstown Sustainable Energy Park, LLC to make general improvements to its sustainable energy facility, which process cellulosic waste and turn materials into sustainable energy in the form of fuel pellets and renewable diesel fuel.
- $1,000,000 for Pharma Resource Group, Inc. to construct warehousing, dispensing, and manufacturing space within their existing buildings and outfit the spaces with electrical, plumbing and HVAC appropriate for crucial building black and Active ingredient manufacturing.
- $500,000 for Limerick Township to support the design and construction of proposed improvements to the Sanatoga Area Transportation Network.
“These financial investments from the Commonwealth and Governor Shapiro ensure that the expansion and development of innovative companies will assist in furthering Pottstown as an important economic hub for Western Montgomery County,” said Peggy Lee-Clark, executive director of Pottstown Area Economic Development. “In addition, ReStream is a key component to the expansion of Keystone Boulevard which will create further opportunity for economic development of both Pottstown and West Pottsgrove. Pottstown Area Economic Development (PAED) is grateful to Senator Pennycuick and Representative Ciresi for their unwavering support of Pottstown’s revitalization and job creation efforts.”
The Redevelopment Assistance Capital Program is a Pennsylvania grant program for the design, acquisition, and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects have a regional impact and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. RACP projects are state-funded projects that cannot obtain primary funding under other state programs.
CONTACT: Sean Drakeley (215) 541-2388