Stonecrest Business Park Gets $1M in Infrastructure Funding
NEW BEAVER BOROUGH, Pa. – Up to $1 million in infrastructure funding will provide a boost to Stonecrest Business Park.
The Transportation Infrastructure Improvement Funds award was announced in a news release from the Pennsylvania Department of Community and Economic Development.
LaCarte Development Co. Inc., Charleroi, broke ground in late March on the business park, which is being built on the site of the former Stonecrest Golf Course. The first structure at the park, a 150,000-square-foot spec building, is expected to be completed by fall 2025, officials said at the groundbreaking.
The planned roadway improvements at the Stonecrest site include the widening of state Route 18 and the installation of northbound and southbound turning lanes to accommodate increased traffic; the installation of new stormwater culverts at and around the entrance of the business park; and improvements related to the signalization of the new intersection to be created at the entrance of the business park and Route 18.
“The Commonwealth’s support of these road improvements is ultimately expected to create 1,000 new jobs and provide a huge boost to the local economy, said Rick Siger, DCED secretary. “Our investments in projects like this one at Stonecrest Business Park and our increased focus on site development across the commonwealth will help us become more competitive in retaining existing Pennsylvania businesses, attracting new businesses and creating jobs.”
The roadway improvements will help provide highway access from state Route 18 for the development of Stonecrest Business Park, opening up a total of 110 acres of new developable land that is designed to hold up to 1.5 million square feet of commercial and industrial space, according to the DCED release. Upon full buildout, the site is projected to support up to 1,000 new family-sustaining jobs at tenant business locations.
Both John LaCarte, CEO of Stonecrest Business Park, and Ben Bush, executive director of Forward Lawrence Chamber and Economic Alliance, expressed their appreciation for the funds in a Forward Lawrence news release issued Tuesday afternoon.
“The significant support our project has received is testament to the strong commitment of Gov. [Josh] Shapiro to make Pennsylvania an economic leader. Moreover, it is an example of the focus of DCED Secretary Rick Siger and PennDOT Secretary Mike Carroll to prioritize the development of shovel ready sites to attract new businesses and create more jobs within the Commonwealth,” LaCarte said.
“This project has been the shining example of a public private partnership from the local and county tax incentives to the investment from the Commonwealth and LaCarte Development. This project will help to solidify the economic competitiveness of Lawrence County,” Bush said.
Published by The Business Journal, Youngstown, Ohio.
