Philaport to gain from state funding worth $246m
By Marcus Williams2022-02-08T11:22:00
The port of Philadelphia (Philaport) is to benefit from $246m of state investment funding aimed at continuing modernisation at the port and improving regional economic stability.
The latest investment package will help the port build on its success over the past few years and help Pennsylvania develop its economy and job prospects, according to Pennsylvania state governor Tom Wolf, who announced the plan last week.
“The port is an economic driver, not only in Philadelphia but across the commonwealth,” he said. “The port supports jobs, encourages trade and builds connections that help businesses and communities across Pennsylvania thrive.”