PEDA - Pennsylvania Economic Development Association

PEDA FY2020-21 Priorities for Pennsylvania Economic Development

04/21/2020 11:37 AM | Anonymous member (Administrator)

PEDA Priorities for Pennsylvania Economic Development

Following an April 20th vote by its Board of Directors, the Pennsylvania Economic Development Association ("PEDA") has announced its FY2020-21 Advocacy Priorities.

Annually, PEDA prioritizes the programs and policies that are key to Pennsylvania’s economic growth and local communities’ competitiveness, so that the organization can support the state’s existing businesses and attract new ones. As a result of the rapidly evolving COVID-19 crisis, PEDA understands this year’s legislative process will be unlike any it has seen in modern times and has focused its advocacy efforts on securing the programs, funding and flexibility that will enable its members to pave a path that will allow our business community to stabilize, recover and return to prosperity as quickly as possible.

The top 3 priorities, which are outlined in great detail at the document linked above, are as follows:

  1. Allocate Additional Funding to COVID-19 Working Capital Access Program (“CWCA”)
  2. Craft and Champion a Bold and Meaningful State Recovery and Stimulus Package
  3. Establish a Dedicated Funding Stream for Economic Development Corporations (“EDCs”)

About Pennsylvania Economic Development Association

PEDA's mission is to promote sound economic development policies, provide leading-edge economic development education and nurture an effective statewide economic development network to foster the economic growth of the Commonwealth.

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