$500,000 Grant Awarded For Construction In Stonecrest Business Park

Among six Redevelopment Assistance Capital Program (RACP) grants awarded in the tri-county area includes a half-a-million dollar grant to construct flex space in an industrial building located in New Beaver Borough’s Stonecrest Business Park.

In 2020, the Lawrence County Economic Development Corporation (LCEDC), in cooperation with Stonecrest Business Park (SBP), announced plans to begin to develop the former golf course into the Stonecrest Business Park.  Grants were awarded to turn the 58-year-old golf course into a business park with promises of bringing 1,000 jobs, according to officials who worked to attract the enterprise to the area with the proposed $7-million business park. In February of this year, New Beaver Borough officials approved plans to keep the Stonecrest Business Park on track to begin overall construction in spring 2023.

The six grants total more than $6.79 million according to the Senator Elder Vogel (R-47) office who made the announcement last Friday.

Three Beaver County projects received the following awards:

• A $2,480,400 grant awarded to the Beaver Area School District for the replacement of its high school-middle school natatorium with a new six-lane pool.
• A $1.5 million grant awarded to Midland LP for the continued redevelopment of an existing 50,000-square-foot warehouse left over from prior industry in Midland Borough to bring the structure up to code and make it a marketable property.
• A $495,000 grant awarded to Heritage Valley Health System, Inc. for the facility’s Nuclear Radiology Hot Lab project, which will prepare space within the Nuclear Department in radiology by doing such things as installing new lead-lined walls, creating new storage and staff workspace, and enlarging the scanning room.

Grants were awarded to the following two Butler County projects:

• A $1 million grant to The Buncher Company for Phase 1A of its Jacksons Pointe project, which will include the installation of necessary infrastructure that will ultimately allow the company to expand its presence in Jackson Township.
• A $811,250 grant for the Community Development Corporation of Butler County to do Phase 2 of its Harmony Fire District Construction project, which will create and outfit a new fire station in Zelienople Borough.

RACP is administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act. They must have a regional or multi-jurisdictional impact and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity.