Could more time on the clock help state lawmakers meet a looming deadline to develop a regulatory framework for skill games, slot-like devices endangered by
The U.S. Small Business Administration said yesterday it suspended 870,000 borrowers across the U.S. who allegedly defrauded emergency loan programs rushed into place during the Covid-19 pandemic. Individual borrowers were not identified, but they were said to have taken out $39 billion in loans through the Paycheck Protection and the Economic Injury Disaster Loan programs. […]
A Texas developer unveiled plans this week for a pair of data centers on a triangle-shaped tract east of Route 283 in suburban Harrisburg. The centers would each span about 372,000 square feet and sit south of Highland Street in Swatara Township, according to plans submitted by US Highlands East Purchaser LLC. The firm’s managing member […]
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 for the Pennsylvania Industrial Development Authority‘s Small Business First lending program is now $1 million or 50% of a project’s cost, whichever is less. The limit had been $400,000, in place […]
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 […]