SEDCO receiving $3M in state assistance to prepare site in Highridge Industrial Park
HIGHRIDGE – SEDCO is receiving a hefty sum of money from the state to prep a site in the Highridge Industrial Park for potential development.
The Pennsylvania Department of Community and Economic Development announced $3.1 Million in funding awarded to the Schuylkill Economic Development Corporation as part of the statewide PA SITES (Pennsylvania Strategic Investments to Enhance Sites) program.
“We have built incredible economic development momentum in Pennsylvania thanks to investments like PA SITES, which has given us the ability to win deals we would not have won before,” said DCED Secretary Rick Siger. “Pennsylvania already offers so much of what companies are looking for — a skilled workforce, abundant natural resources, and a strategic location — and now we’re matching those strengths with development-ready sites. These new investments will create even more good-paying jobs, expand opportunity, and drive long-term economic growth in communities across the Commonwealth.”
The funding is in the form of a $1,554,331 grant and $1,554,332 loan to make improvements to Lot 12, a 26.4 acre parcel in the industrial park in Foster Township.
Funds will be used for a geotechnical study, clearing and grading of the land, extension of transmission infrastructure, and the installation of stormwater management, paving, and curbing, DCED says.
According to a brochure on SEDCO’s website, a 262,400 square foot shell building is proposed for Lot 12, on Keystone Boulevard just off Route 901.
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