TUNKHANNOCK – Residents of Factoryville Borough and Tunkhannock Township stand to benefit from two Commonwealth Financing Authority (CFA) grants that have been awarded to the municipalities, according to state Rep. Karen Boback (R-Wyoming/Luzerne/Lackawanna).
“The CFA administers economic stimulus packages that are voted on by the members of its board, which includes representatives of the Department of Community and Economic Development, Department of Banking and Securities and the Office of the Budget,” said Boback. “The grants are funded through the Multimodal Transportation and Pipeline Investment Programs, two of nine programs through which grants may be applied.”
The CFA was established in 2004 as an independent agency of the Department of Community and Economic Development.
The Factoryville grant, in the amount of nearly $509,000, is part of the CFA’s Multimodal Transportation Fund Program. The funding will allow completion of a streetscape project that will include new sidewalks, crosswalks and improved lighting along portions of College Avenue that will improve access to Keystone College, Lackawanna Trail Elementary School and its administrative building.
Tunkhannock Township will receive $1 million through the CFAs Pipeline Investment Program. The grant will facilitate Phase Two of a project by UGI Penn that provides access to natural gas for more than 700 new residential and business customers. The project will also result in between 50-60 jobs, not to mention jobs generated by a parcel of land in the township that is zoned industrial.
Questions about this or any legislative issues may be directed to Boback’s Tunkhannock district office at 570-836-4772.
Representative Karen Boback
Pennsylvania House of Representatives
Media Contact: Scott Little