funds to be used for economic redevelopment
Senator Elder Vogel Jr. announced today that the Redevelopment Authority of Beaver County will receive a $1.25 million dollar state grant to be used towards site upgrades in Hopewell Township. This funding will be used for the construction of a dock facility on part of the former LTV site.
“This is the shot in the arm Beaver County has been looking for,” Vogel said. “This will make the former LTV brownfield site incredibly attractive for economic redevelopment. By adding a docking facility to this site, new and existing companies will be able to utilize the Ohio River for shipping. When you combine that with the existing rail and road ways, the possibilities are enormous.”
The former LTV site sits on a 556 acre parcel of land along the Ohio River and runs from Aliquippa through Hopewell and Center Townships, and Monaca Borough. The Hopewell site is designated by the Commonwealth as a Keystone Opportunity Zone (KOZ). The development of the former LTV site has the potential to bring hundreds of new jobs to Beaver County. This grant is in conjunction with funding announced by State Representative Jim Christiana and brings the infrastructure investment by the Commonwealth to $2.5 million.
“This site is unique in that it will give employers the opportunity to ship materials by land, railroad, and the Ohio River. It’s designation as a Keystone Opportunity Zone only makes it even more attractive,” Vogel added. “Beaver County is in a great location and we have the eager workforce that companies need. What we have been missing is the critical infrastructure needed to make these old industrial sites attractive to businesses. These businesses will provide the jobs that the hardworking men and women in Beaver County are looking for.”
CONTACT: Joe Weidner