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Foreign Trade Zone 147 awarded federal funding in effort to attract international investment in Berks, other counties

By 69 News, follow: @69news, news@wfmz.com
Published On: Dec 23 2013 02:10:38 PM CST
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READING, Pa. -

The Foreign Trade Zone of Southern Pennsylvania (FTZ 147) will share in federal funding to attract international investment to Berks and other counties in the region as part of a partnership with the SEDA-Council of Governments (SEDA-COG).

The Pa. Made Again program will be implemented over three years in 52 participating counties in central and northern Pennsylvania.

The Foreign Trade Zone of Southern Pennsylvania consists of Adams, Berks, Dauphin, Cumberland, Franklin, Lancaster, Lebanon, Perry and York counties. It is operated by the Greater Reading Economic Partnership.

"This is an excellent opportunity to strategically augment the state’s existing international marketing and attraction efforts," said Pamela J. Shupp, vice president, Greater Reading Economic Partnership and member of the FTZSPA Board.

Total funding for the project is nearly $3 million. Other key funding sources include the Economic Development Administration (EDA), Employment and Training Administration, and National Institute of Standards and Technology/Manufacturing Extension Partnership, officials said.

"Our efforts to attract international companies will be strengthened by this new partnership and together we can introduce a new, energized Pennsylvania to businesses throughout the world," said C. Alan Walker, secretary, Pennsylvania Department of Community and Economic Development.

The EDA-funded portion of the program, officials said, will employ a comprehensive plan of "reverse investment," encouraging foreign companies to expand into Pennsylvania, as well as domestic companies that have previously moved their production overseas.