The Commonwealth Financing Authority Friday approved $980,000 in funding for a natural gas pipeline project that will bring natural gas energy to approximately 270 households, businesses, and other properties in Monroe County through the Pipeline Investment Program.

The Monroe County Industrial Development Authority was approved for a grant to construct a natural gas line extension along the Route 611 corridor in Pocono Township to the Monroe County Transit Authority. The total project cost is $2.7 million.

The PIPE Program was created in November 2016 to provide grants to construct the last few miles of natural gas distribution lines to business parks and existing manufacturing and industrial enterprises, which will result in the creation of new economic base jobs in the commonwealth while providing access to natural gas for residents.

Applicants eligible for PIPE funding include businesses, economic development organizations, hospitals, municipalities, and school districts.

For more information and to apply, visit the CFA’s Pipeline Investment Program webpage.

[Posted: March 16, 2018]

3/19/2018