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3/20/2014

Governor Corbett Announces Community and Economic Development Investments from Gaming Fund

News for Immediate Release

March 20, 2014

Governor Corbett Announces Community and Economic Development Investments from Gaming Fund

Harrisburg–The Commonwealth Financing Authority today approved the allocation of approximately $11.8 million in gaming funds to support 69 community and economic development projects in Monroe and the contiguous counties.

“We are supporting projects that will enhance community and economic well-being to spur economic investment and job creation,” said Governor Tom Corbett. “The 69 approved projects will also address important public safety and infrastructure needs, and will undoubtedly improve the quality of life for residents.”

In total, 16 projects in Monroe County were awarded nearly $3.8 million by the Commonwealth Financing Authority (CFA). The contiguous counties, Carbon, Lackawanna, Northampton, Pike and Wayne, were awarded nearly $8 million for 53 projects.

The PA Race Horse Development and Gaming Act established the Pennsylvania Gaming Local Share Account under the CFA for the purpose of distributing funds to support economic development, community development and public interest projects.

Monroe and the contiguous counties receive revenues through the Mount Airy Casino Resort in Mount Pocono.  

For more information about the local share assessment account, the CFA or for a complete list of approved projects, visit CFA Approved Projects – Monroe & Contiguous LSA  or call 1-866-466-3972.

Media contacts:

Valerie Caras, Governor’s Office; 717-783-1116

Lyndsay Kensinger, DCED; 717-783-1132

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