STROUDSBURG (MAY 18) – State Senator Lisa M. Boscola announced today that the Commonwealth Financing Authority (CFA) awarded the Pocono Mountains Industrial Park Authority a PennWorks grant in the amount of $2,000,000 and a loan in the amount of $3,000,000. 

“With the help of CFA, there is the ability for the state to partner in a local initiative to improve the quality of life in our community,” Boscola said.  “It is the support of agencies such as the CFA that assist local businesses approve their competitiveness.” 

The Pocono Mountains Industrial Park Authority will be using the funds for water and sewer improvements to support the development of the Penn Regional Business Center located in Smithfield Township, Monroe County.   

“I am always pleased when state funds find their way to our communities – we all stand to benefit.” 

The Commonwealth Financing Authority (CFA) was established as an independent agency of the Commonwealth to administer Pennsylvania's economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania's economic growth. 

For additional information on the Commonwealth Financing Authority, please feel free to contact Senator Boscola’s office at (570) 420-2938 or by visiting www.NewPA.com.

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