In June 2014, Shamokin was approved by the Pennsylvania Department of Community and Economic Development for Act 47 Distressed City status after several banks refused it loans for outstanding bills.
Im Juni 2014 genehmigte das Pennsylvania Department of Community and Economic Development für Shamokin den Status einer Distressed City nach Act 47, nachdem mehrere Banken die Gewährung von Krediten für die Stadt abgelehnt hatten.