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Fidelity Bank plans downtown Scranton HQ, one of several projects to receive state grants

Fidelity Bank plans to establish a new headquarters in the heart of downtown Scranton and consolidate 140 well-paying jobs in the city while creating room to grow. Fidelity President and CEO Daniel Santaniello confirmed the bank’s plans Wednesday after state Sen. John Blake, D-22, Archbald, announced $9 million in state Redevelopment Assistance Capital Program grants for several local projects. Fidelity’s $2 million RACP grant will defray the anticipated $8 million to $12 million cost of constructing a facility or renovating an existing downtown building to serve as the bank’s new corporate center, Santaniello said. “We believe that Northeastern Pennsylvania is driven by the success of the city of Scranton,” he said, noting Fidelity feels “it’s incumbent upon us as a corporate leader to look to relocate back into the city and bring . life-sustaining jobs back into the city.”

ArtsQuest cultural center, other Lehigh Valley redevelopment projects get big financial boost

BETHLEHEM, Pa. - A cultural center in Bethlehem and a parking garage in Easton are two of the redevelopment projects in the Lehigh Valley that will get a financial boost. State Sen. Lisa Boscola announced $8 million in Redevelopment Assistance Capital Program funding to six redevelopment projects in the 18th Senatorial District. The projects being awarded RACP funding are: ArtsQuest Community Cultural Center II ($3.5 million): Project consists of the construction of a new 80,000-square-foot arts and cultural center at the site of the current Banana Factory Arts Center in Bethlehem; South 3rd St Parking Garage, City of Easton ($1.25 million): Peron Development will be constructing a parking garage as part of redevelopment project at the old Days Inn site at 185 S. 3rd Street;

Bucks County projects to share $7 5M in state redevelopment grants

A new, five-level parking garage in New Hope is one of several projects included in some $7.5-million in state grants awarded Tuesday to wide-ranging economic redevelopment projects throughout Bucks County. The 350-car garage will receive about $1.75 million in grant funding and is expected to help make the historic borough more accessible to visitors, a news release from state Sen. Steve Santarsiero states. Parking has long been considered a challenge in the riverfront borough that include shops, restaurants and the Bucks County Playhouse. New Hope s redevelopment strategy relies heavily on bringing visitors from around Bucks and throughout the East Coast to its business and entertainment district.

State College, PA - Three Centre County Development Projects Receive $6 Million in State Funding

State College, PA - Three Centre County Development Projects Receive $6 Million in State Funding
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