PHILADELPHIA, PA — Pennsylvania’s economy is getting a major boost with the news that the Port of Philadelphia has been awarded a $20.3 million federal grant to construct a new warehouse. Governor Tom Wolf and U.S. Senator Bob Casey made the announcement yesterday, praising the port as an “economic powerhouse” for its role in global trade. This investment in infrastructure is expected to create jobs and strengthen Pennsylvania’s economy in the long run.
The new 100,000-square-foot warehouse at Tioga Marine Terminal is just one example of the Port of Philadelphia’s ongoing efforts to modernize and expand its operations. With continued support from elected officials and investment in infrastructure, the port is said to be poised for even more growth and success in the future.
This significant funding from the U.S. Department of Transportation 2022 Infrastructure for Rebuilding America (INFRA) grant program will help the port meet growing demand and attract more business. The project was developed in a collaborative planning effort between the facility’s terminal operator, Delaware River Stevedores and PhilaPort.
“The Port of Philadelphia is a critical link in our Nation’s supply chains—by moving commerce through this region, these waterways create and sustain good-paying union jobs and spur economic growth,” said Senator Casey. “The infrastructure law has already invested tens of millions of dollars in PhilaPort, including much of this $20 million grant for Tioga Marine Terminal, and this is just the beginning. The Biden Administration and Democrats in Congress are going to keep delivering for Philadelphia and Southeastern Pennsylvania’s economy.”
“With this grant, PhilaPort is able to meet the demands of the current market and add much-needed capacity in the warehouse space,” said Jeff Theobald, PhilaPort Executive Director and CEO. “We receive calls daily from shippers looking for dry storage. With the construction of a new 100,000 square-foot warehouse, we will have the ability to attract new business, that will result in the creation of additional family-sustaining jobs for the region.”
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