The Commonwealth Finance Authority met Thursday to approve $47,972 for the Eldred Township Historical Society. The funding is generated by five percent of casino revenues from Mt. Airy Casino to help with local projects throughout Monroe County.
"I am so pleased that this funding was approved and that we are receiving this grant, and I want to especially thank representatives Carroll and Michelle Bisbing from the Pocono Mountains Economic Development Corporation for all of their help in obtaining these funds," said Helen Mackes of the Eldred Township Historical Society. "We will use the grant to install low energy windows throughout the historical society building and install a new, energy-efficient heating system."
State Rep. Mike Carroll (D-118) and state Senator David G. Argall (R-29) congratulated the Eldred Township Historical Society for their efforts to secure these highly competitive funds.
"I commend the Eldred Township Historical Society for all of their efforts to connect us to our region's rich history," Carroll said. "They have worked hard to raise funds locally for their organization, and these gaming funds will only enhance their efforts."
Argall said that "Representative Carroll and I are pleased to announce funds are coming to aid the Eldred Township Historical Society because of the hard work and dedication of countless volunteers and members of the community. Given the highly competitive process to obtain these funds, I congratulate the Eldred Township Historical Society for their tenacity in securing these gaming funds."
The Commonwealth Financing Authority, an independent agency created by the legislature, administers and finances projects included in the H2O PA Program and Local Share Account.
CFA also oversees the state's Building PA program, Business in Our Sites program, PennWorks, New PA Venture Capital Investment, New Pennsylvania Venture Guarantee, Tax Increment Financing Guarantee and Second Stage Loan programs. Each of these programs is aimed at using targeted state investment to attract private capital for economic development in all regions of the state and for all types of industries.