This EDA investment supports the venango county economic development authority with making partial renovations to the historic oil city national bank building to accommodate new business growth in…

The U.S. Department of Commerce's Economic Development Administration (EDA) awarded a $3,983,925 project grant under the Economic Adjustment Assistance (EAA) program to the Venango County Economic Development Authority. The funding will support partial renovations to the historic Oil City National Bank Building to accommodate new business growth in Venango County, Pennsylvania. Upon completion, the renovated space will improve the local tourism industry by bringing new visitors to the region, its businesses, and attractions as the area works to respond to damage to the travel, tourism, and outdoor recreation sectors from the coronavirus pandemic and boost economic resilience in industries dependent on those sectors. The award was issued on September 20, 2022 to support these services that aim to spur economic development in the region.

This EDA investment supports the venango county economic development authority with making partial renovations to the historic oil city national bank building to accommodate new business growth in venango county, pennsylvania. The project will improve the local tourism industry by bringing new visitors to the region, its businesses, and attractions. Once completed, the project will help the region respond to damage to the travel, tourism, and outdoor recreation sectors from the coronavirus pandemic and boost the economic resilience of areas dependent on those industries.