Pennsylvania Code (Last Updated: April 5, 2016) |
Title 12. COMMERCE, TRADE AND LOCAL GOVERNMENT |
PART III. Business Financing |
Subpart C. Loans |
Chapter 73. Pennsylvania Industrial Development Authority |
SubChapter B. STATEMENT OF POLICY |
Section 73.211. General
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Although PIDA has focused on encouraging new job creation, a need exists to provide financing to industrial development projects which retain quality jobs. If Pennsylvanias economy is to rival the economies of the worlds industrialized countries, PIDA must react to the need to make existing Pennsylvania jobs more secure. Even when quality businesses are not creating jobs, their efforts to maintain and improve their competitive edge are essential to Pennsylvanias business vitality. In response to this need, PIDA will finance job retention projects.
The provisions of this § 73.211 adopted March 20, 1992, effective March 21, 1992, 22 Pa.B. 1270; amended October 19, 2007, effective October 20, 2007, 37 Pa.B. 5601. Immediately preceding text appears at serial page (230919).