ARC Announces Funding for Ripley Interstate Shovel-ready Site
September 30, 2024
CCIDA Press Releases,Contacts:
Funding Will Help Create New Shovel-Ready Site Along I-90 - Creating Economic Development Opportunities in Chautauqua County
This release is posted on behalf of the Appalachian Regional Commission
WASHINGTON, D.C. -- The Appalachian Regional Commission announced today approval of a grant in the amount of $1 million to the Chautauqua County Industrial Development Agency (CCIDA) for the Ripley Interstate Shovel Ready Site (RISRS) project. ARC's investment will to be used to extend electrical service to prepare a 147-acre site for future employers.
The availability of development-ready acreage is low in the project area while demand from the manufacturing, transportation and warehousing industries is growing higher. In response, CCIDA is in the midst of a multi-phase project turning the large parcel in Ripley, NY, into a shovel-ready site. The RISRS project is expected to spur economic growth and raise the standard of living in Chautauqua County by developing strategically located land in a region characterized by high unemployment and population loss.
As part of the ARC-supported project, 34.5 kv electric service will be extended from the existing utility mainline and provide five megavolt-amperes (MVA) to the Ripley site. Approximately two miles (11,457 linear feet) of new tap line and sixty new structures will be constructed. Installing infrastructure like electricity will ensure the site is more attractive to developers and employers looking to expand or move to western New York, thus bringing employment opportunities and tax revenue to the region.
In addition to ARC funds, local sources will provide $2 million, bringing the total project funding to $3 million.
About the Appalachian Regional Commission: The Appalachian Regional Commission (ARC) is an economic development agency of the federal government and 13 state governments focusing on 423 counties across the Appalachian region. ARC's mission is to innovate, partner, and invest to build community capacity and strengthen economic growth in Appalachia and help the region achieve socioeconomic parity with the nation. More information is available at www.arc.gov.