The Fayette County Business Park represents a cooperative public-private effort to foster economic development and create quality employment opportunities. Located in the Route 40 and New Salem Road area of North and South Union Townships in Fayette County , development of the 270-acre site is a unique and revolutionary opportunity for both the immediate community and regional area. By creating a partnership between local government, private developers, lending institutions, and state and federal agencies, the project represents a comprehensive approach to stimulating economic development activities.
Development of the Business Park began in 2000 when the Fayette County Commissioners made the decision to convey the property to the Redevelopment Authority. This decision was made in part due to the Authority’s vast experience with implementing community development and infrastructure-related projects. In addition to conveying the property, the Commissioners also provided $2,000,000 through the Fayette County Bond Pool in order to provide funding for initial infrastructure improvements. The Redevelopment Authority and South Union Township also provided funding for this initial phase and all of this local investment, in turn, was utilized by the Authority to leverage other state, federal, and private-sector resources.
In addition to working diligently over the past several years to install necessary infrastructure, the Redevelopment Authority has also worked on marketing the Business Park and developing partnerships and agreements with private-sector developers. The most recent phase of development at the Business Park includes completion of the Matthew Drive Extension Road Construction Project and the installation of additional infrastructure improvements utilizing $2,000,000 provided through the Commonwealth of Pennsylvania ’s Redevelopment Assistance Capital Program. << BACK TO SPECIAL PROJECTS >> |
