On Friday, Pennsylvania Governor Edward Rendell signed a jobs bill that will lead to $1.2 billion in new investments throughout the state. The bill enables the Redevelopment Assistance Capital program to fund projects that promote job growth and energy efficiency.
“We’ve added jobs in Pennsylvania for the past three straight months, corporate profits are up, the nation’s gross domestic product is up, and inventories are down, which means manufacturers will be ramping up production to re-stock shelves,” Rendell said.
The governor added, “businesses are ready to invest again,” offering hope to the state’s residents and companies that innovative sustainable technologies may soon be available.
As companies emerge out of the recession, many are choosing to stock up on new technologies that will offer long-term savings. An energy-saving computer, efficient printer system or mercury-free
USB projector are types of items organizations will typically purchase to reduce their energy expenses and prepare for future expansion.
The Bureau of Labor Statistics reports Pennsylvania’s unemployment rate was 9.1 percent in May, the highest it has been in at least 10 years. As companies begin to grow and hire new workers, and the new investment plan kicks in, more Pennsylvania residents may reenter the workforce, helping to reduce the rate.
