HARRISBURG – State Senator Bob Mensch (R-24) announced $2.5 million in Redevelopment Assistance Capital Program grants for projects in Pottstown that he has assisted and supported.
The funding, which totaled to $2.5 million, included three projects in Pottstown, Montgomery County. Pottstown Sustainable Energy Park LLC was awarded $1 million. PSEP is developing a 174,000 ton per year Biomass Gasification facility. The project will process clean commercial waste from 54 large production plants in Montgomery, Berks, and Lehigh counties. Y3 Life Sciences Incubator received $500,000 to be used to design a future space that will house a variety and ever-changing mix of life science ventures that require laboratory research space, high-speed computing power, and flexible collaboration space. The Mercury Hotel, a prominent piece of history in Pottstown was awarded $1 million to be used to renovate and rehabilitate the building for use by the public. The planned use of the property is a boutique hotel and restaurant/ lounge which will complement the established businesses in the vicinity.
“I am happy to see that three Pottstown projects are the recipients of this important grant funding. The continuing growth of Pottstown is an exciting process, and this money will be used toward revitalizing and creating new opportunities,” Mensch said. “I am happy to continue to advocate for these projects that will not only re-energize Pottstown, but bring continued economic success and opportunity to the community.”
“We are grateful to the commonwealth – especially Senator Mensch and Representative Ciresi – for this tremendous investment,” said Peggy Lee-Clark, executive director of Pottstown Area Industrial Development Inc. “These projects [PSEP, Mercury and Y3] will provide a catalytic economic development in the borough of Pottstown.”
For more information on Senator Mensch’s legislation, visit www.senatormensch.com. State updates can also be found on Senator Mensch’s Facebook at facebook.com/PASenatorBobMensch/ or Twitter @SenatorMensch.
CONTACT: Madison Scarfaro firstname.lastname@example.org (215) 541-2388