Mayor Eddie Morán and State Representative Manny Guzman (D-Berks) express excitement as the state advances the City Revitalization and Improvement Zone (CRIZ) program, bringing Reading one step closer to securing this crucial designation. “This achievement is vital for our city’s economic development strategy and promises transformative benefits for our diverse community,” said Mayor Morán.
Reading is a vibrant city with a rich cultural heritage, where nearly 70% of the population identifies as Latino. The CRIZ designation is an economic opportunity that ensures growth and revitalization benefits reach all residents, creating an inclusive and equitable future.
The CRIZ program aligns with Reading’s broader economic development plans, focusing on revitalizing underutilized areas and transforming them into bustling centers of commerce and innovation. This initiative builds on the significant momentum gained since exiting Act 47, marking the city’s financial stability and setting the stage for sustained growth.
The Mayor’s Priorities for Economic Development include:
- Inclusive Investment: Attracting diverse investors and businesses to reflect the community’s demographic composition, creating a more inclusive business environment.
- Support for Minority-Owned Businesses: Prioritizing local businesses, particularly those owned by minority entrepreneurs, to help them expand, innovate, and create jobs.
- Community-Focused Revitalization: Ensuring redevelopment projects meet the needs and aspirations of residents, enhancing the quality of life in all neighborhoods.
- Workforce Development: Investing in workforce development programs for the community, providing residents with skills and opportunities to participate in the city’s economic resurgence.
- Common-Sense Zoning: Implementing zoning policies that encourage smart growth and development, making it easier for businesses to thrive while preserving the character of our neighborhoods.
The success of the CRIZ program in cities like Lancaster and Bethlehem demonstrates its potential for significant economic transformation. Mayor Morán believes that by replicating and building on these successes, Reading can create a thriving city where every resident has the opportunity to prosper.
Mayor Morán extends heartfelt gratitude to Senator Judy Schwank, Representative Guzman, and Representative Johanny Cepeda-Freytiz for their tireless advocacy. Their support and the dedicated efforts of the working group members have positioned Reading favorably for the CRIZ designation.
“Our journey out of Act 47 marked a turning point for Reading, symbolizing financial recovery and a renewed commitment to growth. The CRIZ designation represents the next step in this journey, providing the tools and incentives needed to propel our city forward,” said Mayor Morán. “As your Mayor, I will continue to advocate for Reading to legislative leadership and the Shapiro Administration, working tirelessly to build a better, more prosperous city for all of us.”
Guzman, the driving force behind this monumental effort, explained that the General Assembly opened the application process for the program on Thursday. He is confident that the city’s administration will present an unbeatable application.
“We are now at a critical juncture, and I feel optimistic. I commend the tremendous progress that the City of Reading has made,” Guzman said. “Years of relentless efforts at both the city and state levels have positioned Reading on the verge of victory. As a legislator and proud resident of the city, it is exhilarating to be part of this transformative endeavor.”
Guzman, who serves as chairman of the Central Pennsylvania Delegation in the PA House, has been instrumental in getting the CRIZ language approved. He underscored the transformative potential of this designation for the city.
“The city of Reading is poised to ignite innovation and transform neglected areas into dynamic hubs of progress,” Guzman said. “We urgently need new investors; we must incentivize current business owners and invigorate the city’s workforce. This state-sponsored program is a vital component of a comprehensive strategy to propel the city forward. This is one of many reasons to remain resolute and encouraged.”
He explained that state and local taxes collected within the CRIZ are used to repay debt service to stimulate economic development projects within the CRIZ.
“I am honored to champion my community on this crucial path. The CRIZ program has proven effective in cities like Lancaster and Bethlehem. I will continue to do everything in my power to ensure Reading writes its own success story,” Guzman affirmed.
Earlier this year, Guzman introduced groundbreaking legislation to update the CRIZ program and provide redevelopment opportunities for municipalities and communities across the Commonwealth. House Bill 2406 would expand eligibility to smaller, non-distressed municipalities, allowing up to four new CRIZ zones per year.
A CRIZ is an area of no more than 130 acres designated to serve third-class cities with a population of 30,000 or greater. Up to two zones are given this designation each fiscal year through the state Department of Community and Economic Development. The CRIZ program was created by ACT 52 of 2013.
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Source: bctv