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State Funding For Titusville Business Development

Titusville Redevelopment Authority recevies $1.2 million Pa First grant
May 13, 2014 - Tiusville, Pa. - The city of Titusville got some much needed state funding to help grow business and redevelop some deteriorating buildings.

Continuing to advance Governor Tom Corbett’s JOBS1st PA initiative, Department of Community and Economic Development (DCED) Secretary C. Alan Walker today visited Titusville’s Opportunity Park to announce a grant award to help the Titusville Redevelopment Authority revamp deteriorating buildings to support new growth and job creation.

“From our urban centers to our rural communities, having move-in ready business parks with updated infrastructure is key to attracting new growth to Pennsylvania,” said Walker. “The Corbett administration is proud to partner with the Titusville Redevelopment Authority to breathe new life into this location. Working together we will create new opportunities here at the Titusville Opportunity Park.”

Walker announced the award of a $1.25 million Pennsylvania First grant to the Titusville Redevelopment Authority (RDA) to renovate existing deteriorated buildings to support the growth of two existing businesses, AlturnaMATS and Roser Technologies, Inc., and to create space for potential new tenants. There are currently approximately 250 employees at the Opportunity Park and the Titusville RDA anticipates attracting 80 new, full-time jobs as a result of the project.

“Our industries of the past provide us with the foundation to support the industries of today,” said Walker. “Working together on projects like the Titusville Opportunity Park will create new job opportunities for our citizens and a stronger Pennsylvania that is built to advance.”

The buildings are foundationally sound with high ceilings and overhead cranes which are ideal for heavy industry. The PA First funds will help the Titusville RDA redevelop six buildings at the park including general renovations, electrical upgrades, engineering and administrative costs. The total project cost is $3.8 million which includes the grant award, a $450,000 investment by the Titusville RDA and a projected $2.1 million in private investment over the next five years.

“The Titusville Opportunity Park project is a great example of a public/private sector partnership at work. Working with our partners at DCED, we have been able to structure projects that are breathing new life into our community,” said James Becker, Executive Director of the Titusville Community Development Agencies.

”This latest project, renovating six blighted manufacturing structures within our industrial park will allow two existing companies to invest and expand their businesses, while creating new state-of-the-art manufacturing spaces for new companies,” Becker added. “This community is extremely fortunate to have business owners and community leaders with a true entrepreneurial spirit.”

Headquartered in Titusville, AlturnaMATS, Inc. manufactures professional grade ground protection mats for industry. AlturnaMATS markets two different ground mats and outrigger pads that are used by industry throughout the United States and the world.

Located in Titusville, Roser Technologies, Inc. (RTI) provides continuous caster maintenance services to all major steel producers throughout the United States and Canada. RTI designs, manufactures, and refurbishes caster mold and segment components along with other critical parts that are used when manufacturing steel.

In 2012, Gov. Corbett launched JOBS1st PA as a comprehensive roadmap to economic recovery that harnessed the state’s resources and talents to prioritize private-sector job creation and retention. Today, Pennsylvania's unemployment rate stands at a five-year low and jobs have been growing on a consistent basis for nearly four years.

For more information about Corbett’s commitment to job creation, visit www.pa.gov
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