12A — January 31 - February 13, 2014 — Economic Development — Mid Atlantic Real Estate Journal
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E conomic D evelopment
he A l t o ona - B l a i r Count y r eg i on o f Pennsylvania, the By Martin J. Marasco, president and CEO, Altoona-Blair County Development Corp. Economic development in Altoona-Blair County, PA T the first quarter of 2014, will enable the company to add 20 new jobs with more jobs likely to be added down the road.
expand and companies are making investments.” ABCD Corp. was involved in numerous economic develop- ment projects in 2013 includ- ing the expansion ofAlbemarle Corp.; a $200 million natural gas project; Core Label expan- sion and finalizing the details for our eight business park development. In February, Albemarle Corp. announced plans for a $30 million expansion at its plant in the Tyrone Industrial Park - the single largest ex- pansion of the facility’s history. The project, which is expected to be completed and running in
have the plant up and running in the first quarter of 2016. In November, plans were announced that Core Label LLC, a leading manufacturer of beverage labels, would ex- pand its current facility near Tyrone, PA adding at least 43 new jobs. The project was coordinated by the Governor’s Action Team in collaboration with ABCD Corp. The availability of develop- able acreage is always on the top of ABCD Corp.’s priority list and during 2013 the orga- nization was awarded a $1.5 million grant towards the de- velopment of the organization’s
eighth business park. This business park will be located in the southern portion of the county and adjacent to the Walter Business Park which is home to the Sheetz Distribu- tion Center and Sheetz Bros. Kitchen with direct access to I-99. “We are currently secur- ing permits, finalizing design and hope to break ground dur- ing this summer. We will have 85 to 90 developable acres to offer to new companies and others who need to expand,” Marasco said. 2013 emphasized the im- portance of working with local companies through business and economic development support to assist them in expansions and job creation/ retention. “Our strong, diver- sified, home-grown companies continue to be innovative and looking towards the future with their growth strategies both through employment and facilities,” said Marasco. “New companies that decide on Blair County for their site selec- tion, enjoy the open access to local leaders and realize the strengths of this region.” Continue to keep your eyes on Blair County and ABCD Corp. during 2014.....great things are ahead. Martin Marasco is the president and CEO of Al- toona- Blair County Devel- opment Corporation. n EDAprovides nearly $1.2 billlion in total assistance in 2013 TRENTON, NJ — Prelimi- nary 2013 totals show the New Jersey Economic Devel- opment Authority (EDA) , in support of the Christie Administration’s commitment to fuel business and job growth in New Jersey, provided nearly $1.2 billion in total financing to 213 projects throughout the state. This funding helped support the retention of more than 35,000 jobs including more than 5,200 jobs at risk of leaving New Jersey, the cre- ation of more than 5,300 new jobs, over 9,400 construction jobs, and leveraged more than $2.6 billion in public/private investment. “The past year was busy, exciting and productive as we worked towards enhancing New Jersey’s business friendly environment,” said Michele Brown , CEO of the EDA. n
heart of PA’s I-99 Innova- tionCorridor, f a c i l i t a t ed 50 funding p a c k a g e s r e s u l t i n g in excess of $130 million in capital in-
In March, Marcellus GTL LLC of Gilberton, PA an- nounced plans to build a $200 million plant near Duncans- ville that will convert natural gas into gasoline and propane. The project is expected to lead to the creation of 30 new full-time positions as well a significant investment and job creation during the construc- tion of this state-of-the-art plant. Company officials hope to begin construction in the second quarter of 2014 and
Martin Marasco
vestment during 2013. “It was a very progressive and positive year,” said Marty Marasco , President/CEO of ABCD Corp. “It looks like the economy is beginning to
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