Loan from Westmoreland Bank for the development of the East Huntingdon industrial park
Funding for a $6.3 million project to develop nearly 79 acres in an industrial park in East Huntingdon is complete, Westmoreland County development officials announced this week.
County commissioners, members of the Industrial Development Corp. County, have approved an agreement for a $2.25 million low-interest loan through the Pennsylvania Industrial Development Authority to provide the financing needed to complete the project at Westmoreland Distribution Park North.
The money will be used to develop the second phase of the 183-acre site.
Three plots will be prepared for rental or sale under the project. Officials said the work would include earthworks; creation of stormwater ponds and erosion and sediment control measures; landscaping; and the relocation of an existing gas line.
“We are delighted to secure this latest funding for a project that will turn 78.8 acres of raw land into ready-to-use sites that will attract new businesses to Westmoreland County or provide space for local employers to grow and create. jobs,” County Commissioner Sean Kertes said.
The lots are expected to be between 15 and 30 acres each and, when completed, can accommodate 625,000 square feet of building space, officials said.
In May, the county secured a $2 million state grant for the project. Industrial Development Corp. will pay the remaining $2 million in costs, officials said.
The project is part of a cluster of five industrial parks in the East Huntingdon and Mt. Pleasant areas that includes four owned by the county development agency and one operated by the state, where a 20 million to build an autonomous vehicle test and research facility was unveiled last week.
County leaders said about 40 businesses with 1,900 jobs operate in East Huntingdon-area parks.