State Allocates $250 Million For ‘Business In Our Sites’ Program

Lawmakers have put the finishing touches on PA's 2016-2017 budget that Gov. Wolf is set to sign.

The Business in Our Sites program administered by the state Department of Community and Economic Development will take applications beginning April 1.

The program provides loans for the acquisition and development of key sites for future use by businesses. Dennis Davin, acting DCED secretary, said the program is a vital catalyst for economic development in the state, providing Pennsylvania with an arsenal of ready-to-go sites for development opportunities.

“This program is an important tool in allowing us to compete for business expansions and relocations,” Davin said. “Governor Wolf’s proposed budget includes an economic growth plan for jobs that pay, which increases investments in our proven programs, such as Business in Our Sites. This brings a fresh start to spur investment and economic prosperity.”

The governor’s 2015-16 executive budget launches a $675 million investment program, funded by revenue from the severance tax on gas drilling, to support economic development initiatives that leverage private sector funds to create jobs, including a $250 million investment in the Business in Our Sites program.

Applications will be taken through July 31 and will be considered in November. More information is here.