A state authority has raised the lending cap for borrowers tapping a low-interest loan program to cover real estate and construction costs. The statewide cap
If you sell a new car in Pennsylvania, it’s pretty clear where the profits should be taxed. But when you’re selling a service, the picture gets foggier. State tax collectors are trying to clear things up, but they’re facing pushback from business lobbyists. At the heart of the dispute is how much leeway the state […]
Gov. Josh Shapiro signed an executive order yesterday outlining strict requirements data centers must comply with before receiving state approval. The Department of Environmental Protection (DEP) will only review permit applications if developers have made a legally binding commitment to meet the Governor’s Responsible Infrastructure Development (GRID) requirements and have received approval from the local communities they […]
Despite new ways to crack down on drivers who dodge tolls, the Pennsylvania Turnpike Commission still struggles to collect what it’s owed, according to a report released Friday by the state’s independent auditor. At the same time, the commission has improved its ability to repay its own debt and boosted its credit rating, though it […]
An unusual coalition of financial institutions, law enforcement agencies and prosecutors in Pennsylvania is urging state lawmakers to pass legislation this fall to stop a growing problem: scammers who target and financially exploit senior citizens. In a letter last month, the Pennsylvania Bankers Association, the Pennsylvania Association of Community Bankers, the CrossState Credit Union Association, the Pennsylvania Chiefs of […]
Companies in Lancaster and York counties are among the businesses that will be getting low-interest loans through the Pennsylvania Industrial Development Authority (PIDA). Who’s in Lancaster: 637 N Plum St. LLC. The partnership secured a $200,000 loan, administered through the EDC Finance Corp., for 15 years at a 5% fixed interest rate. The loan will […]
The attorney for HCI DP Land Acquisition, also known as Hanover Co., notified a suburban Harrisburg township on July 31 that the company would “indefinitely extend” the time for a zoning challenge and special exception application submitted in June on behalf of a data center project. In a separate July 31 notice to residents in […]
Jim Spencer doesn’t blame business owners if they haven’t heard of the myriad programs offered by the U.S. Small Business Administration, where he serves as administrator for the Mid-Atlantic region. He puts the onus on the federal agency, which turned 73 years old yesterday. “We can do better than that,” said Spencer, who worked in […]
After a hiatus of about 20 months, Pennsylvania is back in the RACP business. That would be the Redevelopment Assistance Capital Program, a grant initiative that regularly hands money to high-profile community and economic development projects around the state. State officials disclosed the latest round of grants yesterday. The last RACP announcements came in November 2024. […]
Soon after Penn State announced last year that it would close seven branch campuses across Pennsylvania, questions swirled about what was next for the properties. A question also arose about Penn State’s freedom to divest the campuses, at least to something besides another school. While the larger question of “what’s next” remains unsettled, state lawmakers answered the narrower […]