The Capital Region Economic Development Corporation (CREDC), serving Dauphin, Cumberland and Perry counties, plays a vital role in leveraging Pennsylvania’s Redevelopment Assistance Capital Program (RACP) to drive economic growth across Central Pennsylvania. Since 2001, CREDC has facilitated more than $53 million in RACP funding for 29 projects, serving as a critical link between state resources…
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The Capital Region Economic Development Corporation (CREDC) is pleased to report significant interest in the latest round of the Statewide Local Share Account (LSA) program. This year, CREDC fielded fifteen inquiries and helped facilitate ten applications, requesting a combined total of $5.1 million in funding. These applications support projects focused on renovation, construction, and vehicle…
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We are excited to share the results of the 2023 Statewide Local Share Account (LSA) Grant applications. During the Commonwealth Financing Authority meeting on October 22, 2024, the awarded projects were officially announced. The demand for funding in 2023 was immense, with over 3,000 applications submitted, totaling approximately $1.3 billion in requested funds. However, with…
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The Hidden Still Redevelopment Project in Hershey, PA, funded in part with an award of $1.5 million from PA Commonwealth’s Redevelopment Assistance Capital Program (RACP), is a transformative initiative that took a once-neglected industrial area and turned it into a multi-faceted destination. Led by Founder and President David E. Stein and Chief Operating Officer Jack…
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Do you know CREDC’s history of providing support to RACP applications and projects? Since 2001, when our most detailed record keeping began, CREDC has supported 29 different RACP projects with awards totaling over $51,325,000 throughout all 3 counties of the Harrisburg Region. RACP is notoriously tricky, complicated, and full of rules which if not taken…
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Congratulations to the Scottish Rite Cathedral and the Whitaker Center on receiving 1.85 million dollars in grant money for upgrades and renovations. Last Thursday, Pennsylvania State Senator John DiSanto (PA-15) announced the approval of more than $7.7 million in state funding for Dauphin County projects through the Statewide Local Share Account.
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Hidden Still Spirits in Hershey, PA was awarded two grants totaling $1,500,000 through the Redevelopment Assistance Capital Program awarded by Governor Wolf. Hidden Still received a $1,000,000 grant in May, 2022 and a $500,000 grant in October 2022 to support the expansion of their administrative offices, patio, and infrastructure. With CREDC’s role of being the…
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The Penn State Health Children’s Hospital was awarded $2,000,000 from the Redevelopment Assistance Capital Program awarded by Governor Wolf in October 2018. The money from the grant was used to add 3 additional floors on top of the existing Children’s Hospital for additional beds will reduce the capacity challenge and provide improved access to needed…
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