New ED Proposals Surface in Pennsylvania

Governor Ed Rendell of Pennsylvania is proposing two new economic development initiatives as parts of his new economic stimulus package. Rendell briefly discussed two proposals he unveiled earlier this week when he announced his economic initiatives. He said his stimulus package includes a $300 million revolving-loan program that will enable municipalities or development agencies to acquire land and prepare the property for development. He also proposed $250 million in matching loans to help support startup businesses. Rendell said the money can be invested in a "lot of different things. ... We're going to choose wisely." The key, as everyone knows, is finding the money to set these new initiatives in motion.

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