Pennsylvania HB1049 amends the Second Stage Loan Program to provide loan guarantees for life sciences, advanced technology, or manufacturing.
Pennsylvania HB1049 amends Title 64 of the Pennsylvania Consolidated Statutes to modify the Second Stage Loan Program. The bill establishes a program that provides loan guarantees to eligible applicants making loans to life sciences, advanced technology, or manufacturing businesses within the Commonwealth. Eligible applicants must submit an application on a form prescribed by the board, which includes details such as the number of projected new or retained employees resulting from the loan.
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- Legal Framework
- Critical Issues
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