Wednesday, January 27, 2016

Delaware County Continues to Represent Strong Economic Development

Earlier this week, Delaware County Council announced that the county has maintained an excellent credit rating as a role-model of a financially successful and growing county. Two national agencies, Moody’s Investors Services and Standard & Poor’s Ratings Services, extended Delaware County’s high-grade credit rating, which benefits all Delaware County residents and taxpayers.

The ratings agencies highlighted economic projects, like pipeline infrastructure and energy investments, as large contributing factors in the rating. One of the reports, conducted by S&P, specifically credits Monroe Energy and Sunoco Logistics Partners for “boosting the county’s presence in the U.S. shale and gas industries” through the revitalization of the Marcus Hook Industrial Complex.

The energy boom that Pennsylvania is experiencing provides our communities and state with many opportunities and, if embraced, countless direct and indirect benefits. The development and production of energy resources has provided a large economic boost through increased jobs, increased business at local restaurants, stores, and hotels, and as a result, increased revenues for local communities for school, road, and other infrastructure construction and revitalization projects. In order to transport these resources from the Marcellus Shale of western Pennsylvania to production and market delivery facilities, like Marcus Hook here in the southeast, pipeline infrastructure investments are needed to take full advantage of the opportunities the energy boom provides us.

Delaware County and its residents will be large beneficiaries from these projects, which this report further highlights.