Jan 28 2010
Governor Edward G. Rendell remarked that Pennsylvania’s position as a leader in energy innovation will be strengthened and about 170 fresh jobs will be created with the recent round of investments from the state’s Alternative Energy Investment Fund.
Governor Rendell further stated that $9.2 million in loans and grants approved by the Commonwealth Financing Authority will be used for projects across the state. These projects focus on highlighting how alternative energy can reduce expenses and conserve resources. These two aspects are significant to Pennsylvania’s long-term economic competitiveness.
These projects, according to Governor Rendell, will illustrate the benefits provided to different types of consumers by alternative energy technologies. Consumers such as businesses, municipalities and families will be able to reduce their consumption of conventional and expensive fuels in favor of renewable and cleaner sources that are mostly no-cost alternatives. Governor Rendell remarked that it is important for the state to move toward a greener economy to achieve a global competition in the future. The state’s current effort in achieving this is resulting in the creation of fresh jobs and new private investment.
Pennsylvania’s economic stimulus programs and portions of the $650 million Alternative Investment Fund is administered by the Commonwealth Financing Authority. A tourism loan of $150,000 has been approved for Bald Eagle Truck Stop, Clinton County by the Commonwealth Financing Authority through the First Industries Fund. This fund is to be used for a new $520,000 construction project at the gas station and convenience store, which is a popular stop for those visiting the state’s PA Wilds region.
Source: http://www.governor.state.pa.us/