Current through Register Vol. 54, No. 45, November 9, 2024
Section 121.2 - ObjectivesThe following is the list of program objectives:
(1) To enable local governments to formulate a business development strategy that will address local needs for economic growth.(2) To provide, or arrange the provision of, site identification or expansion facility identification services.(3) To increase the access of local firms to financing by lending institutions on mutually advantageous terms.(4) To provide, or to arrange the provision of, expert business development technical or financial assistance, or both, to specific smaller firms in the enterprise zone as identified and requested by each firm's principals.(5) When requested by principals of firms located in, or committed to location in, the enterprise zone, to do the following:(i) Arrange assistance in opportunities for export market expansion.(ii) Arrange assistance in technology transfer applications or new product line technology assessments.(iii) Improve community infrastructure facilities, such as streets and water and sewer systems, which will meet the stated business development needs of firms with contingent commitments to expand, start up or locate in enterprise zones.(iv) Enable local governments in disadvantaged communities to increase the number and value of tax ratables in their municipal tax bases.The provisions of this §121.2 adopted February 11, 1983, effective 2/12/1983, 13 Pa.B. 747; amended April 1, 1988, effective 4/2/1988, 18 Pa.B. 1493.