LINKEDINCOMMENTMORE

The state will soon begin offering up to $24 million in grants through the Commonwealth Financing Authority for natural gas pipeline projects, according to a news release from Gov. Tom Wolf's office.

Applications for the Pipeline Investment Program  are  available at dced.pa.gov, and the first round of approvals are anticipated for early 2017, the release states.

The funding, which will come in the form of grants up to $1 million per project, is intended to increase natural gas availability to state residents and manufacturers and help create new jobs.

“Pennsylvania boasts tremendous natural-gas resources, and it makes sense that our residents should benefit from the assets right under their feet,” Wolf said in the release. “Doing so will also have a significant impact on the economic well-being of the commonwealth by creating jobs and making low-cost natural gas more readily available.”

Businesses, economic development organizations, hospitals, municipalities and school districts are all eligible to apply for these grants.

The grants can go toward expenses, including construction, acquisition of land, rights of way and easements, land clearing and preparation and engineering, design and inspection costs. Applicants must provide funds equal to at least 50 percent of the total project cost.

Read or Share this story: https://www.yorkdispatch.com/story/money/business/2016/11/03/state-24-million-pipeline-grants/93249640/