Berks County Industrial Development Authority awarded ‘Project of the Year’ by PEDA

The Pennsylvania Economic Development Association awarded the Berks County Industrial Development Authority the 2021 Project of the year for creation of Berks Park 183 industrial park.

During the pandemic BerksIDA took the leap to install $7.5M in in infrastructure on the site, employing as many as 50 construction and utility workers in a year with unprecedented unemployment. BerksIDA and the county is now being rewarded for this decision, with 80 percent of the site already under agreement for development and an expected 400-800 permanent jobs upon full build-out.

- Advertisement -

Without County leadership encouraging the IDA to take on this project a decade ago, this site would continue to sit unutilized. “We are thrilled to see the Industrial Development Authority recognized for implementing a project with meaningful job creation. This is a win for all of Berks County” said Berks County Commissioner Christian Leinbach.

A capital investment of a total of $17M over the 10-year project, $7.5M in 2020. Expected to induce $40M in private investment within next five years. In this phase, the project has created 50 construction jobs. Upon full build-out, 400-800 permanent jobs are expected onsite.

“On behalf of the Board and Staff we are proud to receive statewide recognition for a project that will generate jobs in Berks County for years to come” said Jim Adams, BerksIDA board chair.

- Advertisement -

Located in the heart of the urban core of Berks County and along an existing bus route, Berks IDA expects Berks Park 183 will provide excellent job opportunities for Reading area residents.

BerksIDA’s mission is to promote collaborative, long-term, quality job creation and retention in Berks County through site development, redevelopment and support, financing programs and access to government funding.

Artículo en: Español (Spanish)

- Advertisement -
Berks Weekly
Berks Weekly
Berks Weekly is an independent and locally owned digital newspaper covering the City of Reading and Berks County. Subscribe today: berksweekly.com/subscribe
Reading
clear sky
71.7 ° F
76.4 °
68.3 °
75 %
1.4mph
0 %
Thu
84 °
Fri
89 °
Sat
83 °
Sun
83 °
Mon
84 °

Latest News

21,586FansLike
2,382FollowersFollow
88,749FollowersFollow