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For Immediate
Release
9/13/12
Smucker Proposal Would Support New Business Opportunities in
Lancaster
HARRISBURG – Sen. Lloyd Smucker (R-13) announced today that he would
introduce a measure to help pave the way for greater business investment in the
City of Lancaster and other third-class cities across Pennsylvania.
Smucker's bill would allow these cities to create a Community Revitalization
and Improvement Zone (CRIZ) to develop vacant, blighted or abandoned properties
for commercial use. The city would be authorized to issue bonds for construction
and rehabilitation of the facilities, and all state tax dollars generated in the
CRIZ would be dedicated to repaying the bond debt.
Speaking at a press conference at Lancaster Square today, Smucker said the
bill would give Lancaster an important economic development tool to promote
business growth and help create jobs for local workers.
"This approach is flexible, targeted, and results-driven, but it still
requires good judgment on the part of city officials, capable developers, and
projects with a good prospect of economic payoff," Smucker said. "I am convinced
that city officials will aggressively and wisely use whatever tools we provide
them to foster economic opportunities and create jobs."
CONTACT:
Matt Parido
(717) 397-1309
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