HARRISBURG – Pennsylvania Senate Majority Leader Kim Ward (R-Westmoreland) today offered the following statement regarding passage of the HB 1059 – The Economic Development for Growing Economy (PA EDGE) tax credit program.
“Steadfast in our position to put Pennsylvania on a path towards prosperity, the General Assembly today took another major step forward in setting up our state’s economy for long-term success with the passage of HB 1059 – The PA Economic Development for Growing Economy (PA EDGE) tax credit program. PA EDGE is another investment in Pennsylvania that signals to the businesses community that Pennsylvania is open for business. Such an investment will have a multiplier effect in revenue generation and job creation with regional outcomes across the Commonwealth and consists of $141.6 million in tax credits annually targeting various industries across the Commonwealth including hydrogen production, milk processing, and biomedical research.”
Contact: Erica Clayton Wright, ewright@pasen.gov, (412) 334-4856.