November 14, 2024 - Scranton, PA

ADVISORY - Creating Jobs and Economic Opportunity: Governor Shapiro Invests $5 Million in Fidelity Bank Expansion to Boost Economic Development and Revitalize Historic Landmark in Downtown Scranton

Governor Josh Shapiro announced a $5 million investment in Fidelity Bank's headquarters expansion in downtown Scranton through the Commonwealth's Redevelopment Assistance Capital Program (RACP). This funding will support Fidelity Bank's work to revitalize the historic Scranton Electric Building as its new headquarters, bringing 165 professional jobs to downtown Scranton and restoring an historic landmark so that it can serve as a hub of opportunity in the Electric City.

This investment aligns with the Shapiro Administration's Economic Development Strategy, which focuses on strengthening Pennsylvania's economy through targeted support for key industries, job creation, and infrastructure development, especially along Pennsylvania's main streets and commercial corridors.

"My Administration is focused on driving economic growth and creating real opportunity here in Pennsylvania - giving more people the freedom to chart their own course and the opportunity to succeed," said Governor Shapiro. "By supporting Fidelity Bank's expansion here in the heart of Scranton, we're fueling private-sector growth, helping revitalize one of our great downtowns, and creating more economic opportunity for folks who want to live, work, and build their future here. Pennsylvania is open for business, and I'll continue to bring people together to spur economic development, create jobs, and drive innovation all across our Commonwealth."



List of Speakers:
Dan Santaniello, President and Chief Executive Officer of Fidelity Bank
Brian Cali, Chairman of the Board at Fidelity Bank
Governor Josh Shapiro
Mayor Paige Cognetti
Commissioner Matt McGloin
Senator Marty Flynn
Representative Bridget Kosierowski
Representative Kyle Donahue

• Full Advisory