Harrisburg – November 29, 2016 – Redevelopment of the site at 7800 Susquehanna Street in Homewood will be bolstered by $1 million in state grant funds, state Senator Jay Costa (D-Allegheny) and Representative Ed Gainey (D-Allegheny) announced today.
The $1 million grant was approved through the state’s Redevelopment Assistance Capital Program (RACP).
“I’m so pleased to join with Rep. Gainey to bring these critical grant funds back to Homewood,” Costa said. “Homewood is a growing, thriving community that has so much potential. This project opens the door to new opportunities for businesses and industrial partners to expand their operations. New business ventures mean new job opportunities for residents. What more could we ask for?”
The 150,000 square foot redeveloped building provides affordable rental space for manufacturers and will help spur local investment, bringing renewed energy and expanded employment opportunities to the area.
“I want to thank Governor Wolf for releasing this crucial Redevelopment Assistance Capital Program grant because of the economic opportunities it will bring for the Homewood community, as well as Senator Costa for his hard work and collaboration on this endeavor.” Gainey said.
Mark Peterson, president and CEO of Bridgeway Capital, added, “7800 Susquehanna Street has created new jobs and economic opportunity for Homewood. This new $1 million grant allows us to expand and build out custom spaces for more small manufacturers and job training organizations. We greatly appreciate the RACP program and Sen. Costa’s and Rep Gainey’s support in bringing much needed new investment to Homewood.”
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