Construction will take place in two phases over the next fiveyears at an estimated cost of $70 million. Select GreaterPhiladelphia, a nonprofit organization dedicated to marketing theregion; Bucks County officials, and the state were instrumental inobtaining Osstem's commitment. Gov. Ed Rendell had included a$15-million World Trade PA initiative in the commonwealth budgetthis year, specifically to attract foreign investment.

The Department of Community and Economic Development's Centerfor Direct Investment secured a loan of nearly $2.3 million throughthe Pennsylvania Industrial Development Authority and $300,000 injob training funds for the Osstem facility. It is expected tocreate 600 jobs; making it eligible to apply for a $10-million loanthrough Citizens Bank's job bank program. The program provideslow-interest loans to companies that commit to creating jobs in thestate.

Keystone Industrial Port Complex is the former 1,259-acre USSteel Fairless Works site, owned by Philadelphia-based US SteelReal Estate. A spokeswoman tells GlobeSt.com the land has beenremediated and redeveloped to target heavy industrial users. Shedeclined to disclose the price Osstem paid for the land. Thecomplex, located along the Delaware River and a rail line, is adesignated Keystone Opportunity Improvement Zone, which allowscompanies to apply for exemption from some state and local taxesthrough 2018.