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Wednesday, September 20, 2017

Communities Are Preparing for Impact of Shell Cracker Plant

From Business Journal Daily:
Royal Dutch Shell’s decision to build a $6 billion ethane cracker plant less than 20 miles from here should have an impact that reverberates all across western Pennsylvania, and the commonwealth wants to be prepared. 
“We need to make sure we have property that’s prepared for development,” said Dennis Davin, secretary of community and economic development for Pennsylvania. “The issue we’ve always faced is that companies that want to come here don’t want to wait two years before property is developed.” 
The solution was to infuse the commonwealth’s Business In Our Sites program with $75 million that would be used to fund economic development agencies and developers so they could prepare sites for new business. 
“That money is paid back once something lands on that site,” Davin said.
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