Bethlehem, February 25, 2026 – State Senator Lisa Boscola announced today that the Commonwealth has awarded a $250,000 PA SITES (Pennsylvania Strategic Investments to Enhance Sites program) grant to Greystone Capital, Inc. for the 400 Island Park Road Industrial Brownfield Redevelopment Project, located in Glendon Borough.
“This state investment will assist in transforming a legacy brownfield site into an industrial campus that will create family sustaining jobs and have a tremendous economic impact for Glendon Borough,” Boscola stated. “The PA SITES program is a critical piece to our Commonwealth’s economic development strategy that will help attract businesses, private investment and, most importantly, create family sustaining jobs here in the Lehigh Valley.”
400 Island Park Road is a legacy brownfield site that currently contains 39 aging structures with some being unsafe and obsolete with a great amount environmental concerns that prevent its reuse.
Greystone Capital is currently completing a comprehensive real estate plan for developing the 54-acre site into a shovel-ready industrial campus. PA SITES funds will be used for design services including surveying, floodplain analysis, an environmental assessment, geotechnical reporting, preliminary land development planning and permitting.
“Two years ago, I stood with Governor Shapiro here in the Lehigh Valley when he announced his 10-year economic development strategy and I stated that the Commonwealth needed to be in the economic development business,” Boscola said. “In the last month, the Lehigh Valley is witnessing the success of our efforts, first with the historic announcement of Eli Lilly and Company’s $3.5 billion investment in our region and now this second important investment through the PA SITES program in Glendon.”
Statewide, it was announced today that the Commonwealth is investing over $31 million in seven projects through the PA SITES program, which was established to provide grant and loan funding to eligible applicants to develop competitive sites for businesses to relocate or expand within the Commonwealth. The funding for the program provides both Planning Grants and Construction Grants and Loans that support the development of competitive sites within the Commonwealth.
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