Developers and government agencies have focused on adding to the stock of affordable housing in Central Pennsylvania. Another challenge lies in wait: maintaining what’s already
Over the last few years, influencers on social media have been pitching loans from the U.S. Small Business Administration as an easy path for taking over boring but profitable businesses from owners looking to retire. It was probably never that easy. But it is going to get harder – or at least slower – thanks […]
Inside a 22-story building that once housed hundreds of state workers, Gov. Josh Shapiro announced millions of dollars in state funding for an effort designed, in part, to replace the economic impact of those now-absent state workers. The funding includes $11 million for a new hotel planned for a portion of that 22-story building, which […]
In a speech last week in Pittsburgh, Gov. Josh Shapiro tried to stake out a middle ground in the raging national debate over regulating the most advanced forms of artificial intelligence. Advocates of stricter regulation warn unrestrained development could end in the destruction of humanity. Opponents say the fears are overblown and that onerous regulation […]
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 a court ruling this summer? State Rep. Brad Roae, a Republican from northwestern Pennsylvania, thinks so. He is seeking support for legislation that would give lawmakers another six months to […]
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 Interstate 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 […]