The state of Pennsylvania is investing $5 million in Fidelity Bank’s headquarters expansion in downtown Scranton through the Redevelopment Assistance Capital Program (RACP).
The funding will support Fidelity Bank’s efforts to revitalize the historic Scranton Electric Building as its new headquarters, bringing 165 jobs to downtown Scranton and restoring a historic landmark.
“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,” Pennsylvania Gov. Josh Shapiro said. “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.”