Pennsylvania’s budget grants governor’s economic development wishlist

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(The Bond Buyer, July 17, 2024) 

 

Pennsylvania’s budget grants governor’s economic development wishlist

Pennsylvania passed its 2024-2025 budget last week, as the commonwealth's divided legislature wrapped up its $47.6 billion spending plan two weeks past its July 1 deadline, with several new initiatives.
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"It's great news for economic development," said Don Smith, president of the Regional Industrial Development Corp., a private nonprofit focused on economic development in western Pennsylvania.

A study from RIDC and economic advocacy group Pittsburgh Works Together found that money spent on site development could reap up to five times as much revenue.

 

PGH Works Perspective

In its coverage of the state budget, this specialized financial publication cited our analysis of the payback the state will get from investing in industrial sites.

Complete story here.

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