Regional Enterprise Zone Projects Included in
Governor Tom Wolf’s Community Revitalization Announcement
Monongahela, PA, November 9th, 2022 - The Mon Valley Alliance, a Certified Economic Development Organization, has received notification that projects within the Mid Mon Valley Regional Enterprise Zone have been awarded tax credits through the Commonwealth of Pennsylvania’s Department of Community & Economic Development’s Neighborhood Assistance Program (NAP) recently announced by Governor Tom Wolf.
The Alliance was able to provide direct assistance to two eligible enterprise zone projects that have been awarded tax credits totaling $450,000 dollars which will leverage an additional $4.4 million dollars of private investment within the Zone and create an estimated 100 new jobs while retaining approximately 40 jobs.
“We would like to thank Governor Tom Wolf and his administration for their support of the approved projects in the Mid Mon Valley Regional Enterprise Zone”, said Jamie Colecchi, CEO of the Alliance. “The combined investments by the Commonwealth and private businesses will create over $4.4 Million in economic development for our communities; supporting our residents, businesses, municipalities, schools, and continue the Alliance’s mission to develop a foundation of further economic growth in the Mon Valley.”
The awards are a result of significant private investment leading to the rehabilitating, expanding, or improving of buildings or land and creating or retaining family sustaining jobs in the Enterprise Zone. Projects awarded include the expansion of the Morgan Excavating, LP property ($220,000) in the Speers Industrial Park as well as construction of new 60,000 s/f industrial building in the Alta Vista Business Park by Fratelli Partners, LP ($230,000).
“The awards announced today represent the continued path forward of the Mid Mon Valley and the commitment of the business community to invest in their operations, creating and retaining employment opportunities”, said Jamie Colecchi, CEO of the Alliance.
Mon Valley Independent: Enterprise zone projects get tax credits - Mon Valley Independent, 11/12/2022 (olivesoftware.com)