Local Share Accounts (LSA)
The City of Scranton is an eligible applicant for the PA Race Horse Development and Gaming Act (Act 2004-71) as amended has established the Pennsylvania Gaming Local Share Account (“Local Share Account”) under the Commonwealth Financing Authority (CFA) for the purpose of distributing 2% of gross terminal revenues of certain licensed gaming facilities in an orderly and timely fashion to support and enhance community and economic well-being and mitigate the impact of gaming and related activities.
The Local Share Account (LSA) guidelines were established to provide guidance to the organizations/developers (hereinafter referred to as “Applicant”) interested in applying for funding. Applications are received by CFA between July 1st and September 30th of each year.
Step 1: September 1st, 2021- Deadline
- Resolution:
To apply for LSA funding, the City must first create a Resolution for City Council and Mayoral review and approval. To meet the submission due date of DCED, Applicants must provide the City with a project overview and budget by September 1st, 2021. Approved Resolution a requirement of eligibility, are not guaranteed, if information is provided after the deadline. A City of Scranton Resolution takes approximately 3 weeks for readings and approval and require the following information:
Project Overview: A paragraph with high level details is sufficient.
Budget: Includes cost estimates (line items) to substantiate the LSA funding request. - Planning Letter Request:
Applicant must include a Planning letter from the Scranton City Planner, stating the conformity of the project with local and regional comprehensive plans and zoning. An email requesting this letter should be sent to Donald J. King, AICP, CFM dking@scrantonpa.gov, at which time you need to provide him a Project overview. This will allow the City Planner time to complete the letter, to be included in the full submission.
Step 2: September 22nd, 2021- Deadline
- Full Application Deadline
The Applicant is responsible for writing the grant. Interested Applicants should reach out to
the Director of Economic Development who will provide a template of the questions and character limits. The full application should be emailed to the by September 22nd, 2021 for the City to properly submit the full application using the online Single Application for Assistance on the PA site. - Application Fee
To submit your LSA Application, there is a $100.00 fee, made payable to the City of Scranton Treasurer,
which is required and directly passed through to the Commonwealth Financing Authority (CFA). The City of
Scranton does NOT charge any filling fees, however The City of Scranton will include Administration costs in
the grant application at 5%, should the project be funded. Important note: No project expenses applied for can be paid or incurred prior to the date of CFA approval.
GUIDELINES
The Applicant is responsible for writing the grant. The City suggests a review of the character limits BEFORE writing your application.
Eligible Projects/Uses of Funds
There are three categories of projects that are eligible:
- Economic Development
- Community Improvement
- Public Interest Funds can be used for acquisition, construction, renovation, equipment and related costs such as engineering (not to exceed 10% of the total grant award) or professional services. Funds cannot be used for working capital, staff costs, or to refinance or reduce existing debt.
Questions should be directed to the Office of Economic and Community Development
