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Schwank Announces $4.62 Million in Local Share Account Funding

by The Office of Senator Judy Schwank

Schwank Announces $4.62 Million in Local Share Account Funding

On Thursday, Sen. Judy Schwank (D-11) shared that 20 11th Senatorial District projects received a total of $4.62 million in grant funding from the Commonwealth Financing Authority.

The Local Shares Account-Statewide program was established by the Pennsylvania Race Horse Development and Gaming Act of 2004, which provides for the distribution of gaming revenues through the CFA to support projects in the public interest within the Commonwealth of Pennsylvania. Counties, municipalities, municipal authorities, economic development agencies, and redevelopment authorities are eligible to apply for LSA funding. Projects are only eligible if they are owned and maintained by an eligible applicant or a nonprofit organization.

Schwank said she is proud to support the projects listed below and thanked local leaders for putting together strong applications that address crucial needs in their communities.

“Having a lengthy list of projects that are forward thinking and worthy of funding is a good problem to have,” Schwank said. “When you have great projects that fill important local needs, it’s easy to make a case for why they deserve support. With this funding, the state is improving public safety, boosting access to recreational areas for disabled individuals, investing in the preservation of iconic Berks County venues, and more. Today is a great day for Berks County.”

Schwank added that many of the projects listed are being funded at levels to complete or substantially complete them.

In addition to the LSA-statewide awards, five Berks County entities received $580,791 in LSA-Category 4 Facilities Program grant funding. Projects in counties with Category 4 licensed gaming facilities are eligible for this stream of funding (Berks, Westmoreland and York Counties).