Driscoll announces additional $3.5 million state grant for Morris Iron & Steel redevelopment project
HARRISBURG, Dec. 8 – State Rep. Mike Driscoll, D-Phila., announced a $3.5 million state grant for Morris Iron and Steel Co. for continued rehabilitation on its scrap metal facility.
The company recycles scrap metal then ships it by truck, rail and barge. The project will repair part of the wharf, located in the south slip, so that the existing structure can continue to be operational. This project will increase Morris Iron's capacity to process and recycle more scrap metal, lower carbon emissions, improve public safety, and create more jobs for the Philadelphia area.
“This is the continuation of an important redevelopment project along the waterfront with a company that is central to the supply chain on the east coast,” Driscoll said. “At a time when we need the supply chain functioning and operational, it is important to be sure these kinds of projects are getting funded and completed without delay. COVID has reminded us just how important companies like Morris are to our everyday lives. Not just with supply chain but with jobs and the like.”
The Redevelopment Assistance Capital Program is a grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational and historical improvement projects.
RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenue or other measures of economic activity.