Please ensure Javascript is enabled for purposes of website accessibility Takac bill unlocking $50 million for rural job creation clears PA House

Takac bill unlocking $50 million for rural job creation clears PA House

HARRISBURG, Sept. 30 – State Rep. Paul Takac, D-Centre, is celebrating a major win for rural businesses and workers with the passage of H.B. 1667 in the Pennsylvania House with overwhelming bipartisan support. The bill clears the way to unlock $50 million in private capital investment through the Rural Jobs Investment Tax Credit.

 

Takac said H.B. 1667 clarifies and corrects language that prevented the Department of Community and Economic Development from launching round two of RJITC funding, which the General Assembly reauthorized in last year’s budget. 

 

“The Rural Jobs Investment Tax Credit is a proven, popular, and powerful example of a public-private partnership that rewards successful job creation by creating additional incentives to attract private investment in our rural businesses and communities. My bill helps free up $50 million dollars that is ready and waiting to help rural businesses expand and create jobs where they are needed most,” Takac said. “By removing barriers, this bill ensures that more PA businesses can access capital investments, keep people working, and strengthen our economy.”

 

Takac emphasized that H.B. 1667 not only restores the Legislature’s intent but improves transparency and program delivery. 

 

“This is about making sure our communities receive the support they need by making it easier to access capital, keep people working, and strengthen local businesses and communities,” Takac added. “These funds help preserve jobs, spur new investment, and give rural Pennsylvania a stronger foundation for long-term economic growth.”

 

The bill now heads to the state Senate for consideration. Takac said he will continue to work with Senate colleagues, DCED and Shapiro administration officials, and other stakeholders to secure final passage and ensure the rapid deployment of these much-needed funds.