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State gives multi-million dollar boost to York County development
Local robotics manufacturer York Exponential is leading the way for the next industrial revolution John A. Pavoncello, York Dispatch
York County will receive $19.4 million from the state to invest in economic development.
The York County Economic Alliance announced Wednesday, Sept. 12, that York County was approved for the grant through the Pennsylvania Redevelopment Assistance Capital Program. The RACP provides capital for economic, cultural, civic, recreational, and historical development projects.
The grant will be disbursed as follows:
- $2 million for Keystone Kidspace, a children's educational programming center to be headquartered in the historic National Guard Armory in downtown York City.
- $3 million for RHI Magnesita's new facility for housing and operating crushing equipment in West Manchester Township.
- $1.4 million to Downtown Hanover for the renovation of 34 Frederick St. into a mixed-use property that will host an upscale restaurant.
- $5 million for the Codorus Creek Beautification Initiative, to increase pedestrian access and green-ways along the creek channel in York City and Spring Garden Township.
- $2 million for the Yorktowne Hotel's historic renovation. Funds will address ADA compliance, back-of-house standards and codes, and restoring and reconstructing interior rooms and public areas.
- $6 million for the Northwest Triangle, York Plan 2.0. Funding will allow work to begin on phases one and two of a five-phase building plan, allowing for pre-leasing of space.
Kevin Schreiber, president and CEO of YCEA, said in a news release that these projects wouldn't be possible without investment from the state.
“RACP is often a bridge funding source from the public sector to leverage private sector investment," he said.
The grant program requires a 2-to-1 match and operates as a reimbursement fund. Recipients must spend their own portion of the funding before receiving anything from the state. This is a safeguard to make sure the projects are successful before public dollars are doled out.