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FOR IMMEDIATE RELEASE |
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State Rep. Vince Biancucci |
  
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House passes Biancucci's proposed $100 million expansion of economic stimulus initiative
HARRISBURG, May 13 – The state House today overwhelmingly passed a bill sponsored by state Rep. Vince Biancucci, D-Beaver, that would expand one of Pennsylvania's premier economic stimulus initiatives – Business in Our Sites.
The legislature established the $300 million Business in Our Sites initiative in 2004 to clean up pollution at former industrial sites and make them "shovel-ready" for new businesses and new jobs in Pennsylvania.
"My legislation would add $100 million to the Business in Our Sites initiative to protect and build on the progress we've made since 2003 cleaning up our environment and paving the way for new business and jobs," Biancucci explained.
Biancucci's proposal (H.B. 2353) would expand the program by $100 million to launch many new projects currently on a waiting list maintained by the state Department of Community and Economic Development.
Biancucci's bill is a major component of Gov. Ed Rendell's 2008-09 proposed state budget's $2.3 billion economic stimulus plan – Protecting Our Progress. Through a wide array of tax rebates and infrastructure investment, the proposal would help create jobs and revitalize local economies across Pennsylvania.
House Bill 2353 now heads to the Senate for consideration.
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CONTACT: Mike Storm |