by Philadelphia, PA — Governor Josh Shapiro has announced a significant $30 million investment in the Philadelphia Navy Yard as part of the Pennsylvania Strategic Investments to Enhance Sites (PA SITES) program. This funding aims to accelerate the development of the Navy Yard’s Greenway District, focusing on transforming the area into a thriving hub for advanced manufacturing, life sciences, and commercial ventures. The initiative is expected to drive Pennsylvania’s economic growth, foster innovation, and create thousands of new jobs.
Pennsylvania’s Commitment to Economic Growth
Governor Shapiro emphasized the importance of this investment, stating, “When I took office, I made clear that my Administration would focus on making Pennsylvania more competitive and a leader in economic development, job creation, and innovation. These investments lay the foundation to attract businesses, strengthen communities, and ensure our Commonwealth is prepared to compete in today’s economy.”
The $30 million grant has been awarded to Ensemble/Mosaic Navy Yard LLC, a partnership led by Ensemble Real Estate Investments and Mosaic Development Partners. The funds will be used to upgrade utility infrastructure, conduct soil excavation and grading, and improve stormwater management. These enhancements will prepare six parcels of land for up to 700,000 square feet of manufacturing and commercial space, which is a crucial component of the broader $6 billion redevelopment project at the Navy Yard. The redevelopment is projected to create approximately 12,000 new jobs and position the Navy Yard as a regional powerhouse for innovation and industry.
The Navy Yard’s Transformation into a Modern Innovation Hub
The Navy Yard redevelopment plan includes nine million square feet of new development, including 4,000 apartments and dedicated spaces for life sciences companies and retail operations. This long-term project is spearheaded by Ensemble/Mosaic, which has worked tirelessly to transform the Navy Yard into a mixed-use district that combines cutting-edge industries with residential spaces.
With over 150 employers and 15,000 jobs already present, the investment in the Navy Yard’s Greenway District is set to further strengthen the area’s role as a national leader in advanced manufacturing, research, and green technology. The project is part of Pennsylvania’s broader 10-year Economic Development Strategy, which focuses on sustainable growth and creating opportunities for all residents.
Supporting Local Jobs and Economic Opportunity
The PA SITES program, which awarded $64 million in its first round of funding, is designed to support site development projects across Pennsylvania, including in Philadelphia. Rick Siger, Secretary of the Department of Community and Economic Development, praised the initiative, stating, “These projects will create new jobs, expand opportunities for Pennsylvanians, and contribute to the long-term economic stability of the Commonwealth.”
Mark Lynch, of the International Brotherhood of Electrical Workers (IBEW) Local 98, also lauded the investment, noting its potential to generate significant local job opportunities. “Governor Shapiro’s focus on creating ‘shovel-ready’ sites directly benefits our members,” Lynch remarked. “We’re the ones building the systems that will power the future of this region.”
A Vision for Pennsylvania’s Future
Governor Shapiro’s ongoing commitment to economic development, job creation, and innovation has already started to reshape the future of Pennsylvania. With further investments from the PA SITES program and additional projects in the works, the state is positioning itself as a leader in national economic innovation and industrial growth.
As the redevelopment of the Navy Yard continues, it will serve as a model for how strategic investments in infrastructure, business development, and workforce growth can create lasting economic benefits for communities across Pennsylvania.
