While we lately have been highlighting all the positive things happening with the Port of Wilmington, now comes additional good news for ports in Pennsylvania. MarineLink.com reported, Pennsylvania Extends Cargo Growth Incentive Program.

Pennsylvania Governor Tom Wolf announced that the state’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended through 2022. The program was previously slated to end in June 2020.

“Right now, Pennsylvania’s ports are more vital than ever,” Governor Wolf said. “Increasing shipping activity will help ensure that essential goods are delivered to stores in a timely manner, while strengthening the supply chain well into the future.”

Originally established in 2015 through PennDOT’s Multimodal Fund, the PICGIP makes up to $1 million available annually to participating ocean carriers that move cargo through Pennsylvania’s ports. The fund helps secure fulltime employment at the terminals and increase economic activity through indirect and induced jobs.

This is definitely good news for Pennsylvania businesses and should provide positive demand for warehouse space in the Mid-Atlantic.

 

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