HARRISBURG – A tax credit program created by lawmakers last year helped the state land a new $6 billion investment in northeastern Pennsylvania, according to Senate President Pro Tempore Jake Corman (R-Bellefonte).
Nacero Inc. announced they would build a new $6 billion lower carbon gasoline manufacturing facility in Newport Township, Luzerne County. The project is expected to create approximately 4,000 construction jobs and roughly 450 long-term full-time positions.
Work on the new facility is expected to begin as early as 2022 and be completed by 2027.
“For many years, Pennsylvania suffered from bad policy decisions that chased away new jobs and investments and hurt small communities throughout the state,” Corman said. “Today’s announcement shows how we can bring these jobs back and breathe new life into our communities with responsible policies targeted toward creating family-sustaining jobs in Pennsylvania.”
The project was made possible by the Local Resource Manufacturing Tax Credit program, which was approved last July with the unanimous support of Senate Republicans. The program provides up to $6.7 million in tax credits for qualifying projects.
Corman credited Senator John Yudichak (I- Carbon/Luzerne) for his leadership in winning passage of the tax credit and bringing new jobs to Pennsylvania.
Original source can be found here.
