• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Commonwealth Financing Authority Announces Funding for Cumberland County Projects

Back to list

Commonwealth Financing Authority Announces Funding for Cumberland County Projects

CUMBERLAND VALLEY, PA (April 4, 2019) – The Commonwealth Financing Authority (CFA) announced funding for four projects in Cumberland County.

Three projects will receive funding from the Multimodal Transportation Fund (MTF) and the fourth received grant and loan funding through the Business in Our Sites (BOS) program.

“Cumberland County continues to be the fastest growing County in the Commonwealth, and funds available through the MTF and BOS programs make these vital projects possible that plan for this growth and maintain safety and smart planning for the County,” said Shireen Farr, Cumberland Area Economic Development Corporation (CAEDC) Interim CEO.

Multimodal Transportation Fund (MTF) Grants

The first MTF grant project was awarded to the Camp Hill Borough. The $700,000 grant will be used for pedestrian safety and streetscape improvements along Market Street. CAEDC assisted with advocacy for this project.

The second MTF grant was awarded to Hamdpen Township for improvements to the intersection of the Carlisle Pike and S. Sporting Hill Road. The $400,000 grant will be used for road improvements at this intersection to alleviate traffic congestion and increase pedestrian safety.

The third MTF grant was awarded to South Middleton Township for the Boiling Springs Pedestrian Improvements Project. The $500,000 grant will be used to install an ADA-accessible looped sidewalk and crosswalk system.

Business in Our Sites (BOS) Program

Rider Musser Development, LLC will receive a $2.5 million grant and a $3.75 million loan through the BOS program to develop the commercial phase of Oakwood Hills, a multi-phase development in Upper Allen Township. The Cumberland County Industrial Development Authority, which CAEDC administers, assisted with the grant portion of the award.

This affiliate of Messiah College is looking to add the mixed-use development site with a residential component directly across Lisburn Road from their campus.

Oakwood Hills will open three apartment buildings with a saltwater pool and a community clubhouse this summer, with plans for more apartments in the future. The commercial phase of the project could include a bank, retail space, convenience store, restaurants, and office space.

“Rider Musser Development is so grateful to Representatives DeLozier and Saylor, Senator Regan, CFA Executive Director Dunkelberger and many others for this demonstrated faith and support of our project,” said Kelly Phipps, President and CEO. “The commercial phase of Oakwood Hills can now emerge from planning to reality, and add great benefit to our state and growing county.”

The CFA was established in 2004 as an independent agency of the Department of Community and Economic Development (DCED) to administer Pennsylvania’s economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania’s economic growth.

“I am extremely pleased that four projects within the 31st Senatorial District will receive state funding for important public infrastructure projects,” said Senator Mike Regan. “The work being done in all four projects has an end goal of traffic and pedestrian safety, which in turn will result in a long-term economic return for those communities and our region. This funding will help bring hundreds of high paying skilled jobs to the area.”

About CAEDC
CAEDC is Cumberland County’s authorized agency charged with leveraging and promoting Cumberland Valley’s economic development and tourism assets to drive growth, create jobs and improve the quality of life. Offices are located at 53 W. South Street, Carlisle PA. For more information, visit www.cumberlandbusiness.com and www.visitcumberlandvalley.com.

Print Friendly, PDF & Email