EAST ALLEN TOWNSHIP – State Sen. Mario Scavello (R-Northampton/Monroe) and Rep. Marcia Hahn (R-Northampton) are announcing the award of a nearly $321,000 grant from the Commonwealth Financing Authority (CFA) Pipeline Investment Program that will allow natural gas service to be extended to Keystone Cement Company in East Allen Township. The grant will be administered by the Lehigh Valley Economic Investment Corporation, which serves as an intermediary between business owners and financial institutions or economic development financing programs in the Commonwealth.
“Keystone’s parent company, Giant Cement Holding, will fund more than three quarters of the cost of the nearly $2.2 million proposal,” Hahn said. “The grant will merely complete the project and allow Keystone to access a clean energy source of which Pennsylvania has an abundance.”
Founded in 1928, Keystone Cement manufactures Portland and masonry cements that are used in the construction of highways, bridges and buildings.
“Keystone has a long and storied history in Northampton County and has employed countless men and women from our local communities throughout the years,” added Scavello. “I am pleased to support Keystone’s efforts as they continue to invest in their plant infrastructure and maintain their presence for many more years to come.”
The CFA was established in 2004 as an independent agency of the Department of Community and Economic Development (DCED) to administer Pennsylvania’s economic stimulus packages. The Pipeline Investment Grant program funds come from CFA Alternative Energy Investment Act High Performance Building Program funds (CFA Alternative Energy bond funds) and other CFA program funds.