Governor Corbett Announces Investments from Gaming Fund

Published 03/20 2014 07:53PM

Updated 03/20 2014 07:56PM

The Commonwealth Financing Authority today approved the allocation of approximately $11.8 million in gaming funds to support 69 community and economic development projects in Monroe and the contiguous counties.

“We are supporting projects that will enhance community and economic well-being to spur economic investment and job creation,” said Governor Tom Corbett. “The 69 approved projects will also address important public safety and infrastructure needs, and will undoubtedly improve the quality of life for residents.”

In total, 16 projects in Monroe County were awarded nearly $3.8 million by the Commonwealth Financing Authority (CFA). The contiguous counties, Carbon, Lackawanna, Northampton, Pike and Wayne, were awarded nearly $8 million for 53 projects.

The PA Race Horse Development and Gaming Act established the Pennsylvania Gaming Local Share Account under the CFA for the purpose of distributing funds to support economic development, community development and public interest projects.

Monroe and the contiguous counties receive revenues through the Mount Airy Casino Resort in Mount Pocono.

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