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11/21/2019 06:47 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20190&cosponId=28509
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House of Representatives
Session of 2019 - 2020 Regular Session

MEMORANDUM

Posted: February 25, 2019 11:18 AM
From: Representative Melissa L. Shusterman
To: All House members
Subject: Modernizing the Second Stage Loan Program
 
We all want Pennsylvania businesses to have the ability to thrive and grow. Too many times businesses in their critical years of development do not have the capital needed to sustain growth and expansion. Pennsylvania’s Second Stage Loan Program can provide this much needed assistance for businesses in life sciences, advance technology and manufacturing.

My legislation will ensure businesses using the Second Stage Loan Program will create more job opportunities in Pennsylvania. In addition, businesses who receive loan guarantees must not only be located in Pennsylvania, but stay in Pennsylvania. We can no longer allow companies to receive assistance with taxpayer dollars to then watch as the company leaves the Commonwealth.

I ask that you join me in co-sponsoring this legislation that will help provide for a stronger economy and create sustainable jobs by supporting Pennsylvania businesses as they begin to grow.



Introduced as HB719