Wolf urges shipping firms to apply for cargo-volume incentives

Gov. Tom Wolf is urging ocean carriers to apply for the new Intermodal Cargo Growth Incentive Program through the state's transportation department.
Gov. Tom Wolf is urging ocean carriers to apply for the new Intermodal Cargo Growth Incentive Program through the state's transportation department. | Courtesy of Gov. Tom Wolf

Gov. Tom Wolf encouraged ocean carriers on Tuesday to apply for the Intermodal Cargo Growth Incentive Program through the Pennsylvania Department of Transportation.

The new program aims to increase shipping activity at the Port of Philadelphia and was created through the department's Multimodal Transportation Fund. Up to $1 million in incentive funds has been committed annually for five years.

Under the program, ocean carriers would receive $25 for every carrier brought through Philadelphia that is above previous lift totals. New carriers that bring in containerized cargo also can qualify for the program.

“Pennsylvania has a robust transportation system, and our ports are a vital part of the movement of goods,” Wolf said. “The Port of Philadelphia is an important asset for the commonwealth’s entire economy. These incentives will help increase activity at the port, which will drive commerce across Pennsylvania and could create more than 1,400 good-paying jobs.”

Grants will be awarded twice per year, with the first cycle expected to be issued by the department during the 2015-16 fiscal year. The transportation department expects to add approximately 200,000 containers' worth of traffic to the port over the next five years of the program.

Companies must apply by June 20. For those companies that are aproved, incentives will be based on cargo activity reports between July 2014 and December 2014, the department said.

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