A construction project that officials say could lead to major job growth is officially underway in Northampton County.
A ground breaking ceremony was held Thursday morning for a new $40 million interchange on Route 33 between Interstates 80 and 78.
Governor Tom Corbett spoke at the ceremony and said, “This ground breaking is proof that when government works with the private sector, good things happen for everybody,” Corbett said.
The Charles Chrin Company is planning to develop the land around the new interchange.
The interchange will provide convenient access to and from the Chrin Commerce Center, spanning 800 acres around the interchange that has been approved for warehousing, manufacturing, retail and office space development.
“The primary financing here is not coming from the taxpayers,” Corbett said. “The private sector is investing in this interchange, putting forward almost all of the financing to complete the project.”
The commonwealth is contributing $3.5 million in state dollars to the project.
The company says the development could create as many as 5,000 new jobs and generate $16 million in annual tax revenue.