Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Pennsylvania DCED Recognizes Delaware County, Marcus Hook And Trainer Boroughs For Partnership In Securing Thousands Of Jobs In The Region









HARRISBURG, Pa., Feb. 12, 2013 /PRNewswire-USNewswire/ -- The inaugural C. Alan Walker Award for Public-Private Partnership was presented today to the Delaware County Council, Marcus Hook Borough and Trainer Borough, recognizing their support of state efforts to secure hundreds of jobs in the Philadelphia region.        

"Public and private partnerships are vital to the economic growth of the commonwealth," Department of Community and Economic Development Deputy Secretary Clyde "Champ" Holman said upon presenting the award. "I cannot think of a better example of county and local governments, and private industry working together to preserve jobs and open new doors to future economic growth."              

In 2011, Sunoco announced its intention to idle its Marcus Hook and Philadelphia refineries and shortly after, ConocoPhillips announced its refinery operations in Trainer Borough would be immediately closed.  The idling of these facilities would have resulted in the loss of more than 1,800 direct jobs, and more than 15,000 indirect jobs that relied on the active operation of the three southeast refineries.

For several months, the administration coordinated with federal, state and local officials to work with both ConocoPhillips and Delta Airlines' subsidiary, Monroe Energy, to facilitate a deal. In addition to state support of the project, Delaware County committed to contributing $1 million to extend a pipeline to connect directly to the Philadelphia International Airport.  Monroe Energy is now producing jet fuel at the facility and the majority of the workers have been rehired.

In a similar situation, the future of the Marcus Hook Industrial Complex was in question. Delaware County Council invested in an economic feasibility study to determine the potential options for reuse of the Sunoco Marcus Industrial Complex.  The study identified seven primary reuse options, five of which were energy based options. 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs