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ARTICLE · 27 JULY 2011

The Competition For Economic Incentive Funds

Pennsylvania significantly cut funding for the Department of Community and Economic Development (DCED) in the Commonwealth's 2011/2012 budget.

United StatesReal Estate and Construction

Pennsylvania significantly cut funding for the Department of Community and Economic Development (DCED) in the Commonwealth's 2011/2012 budget. Overall, DCED experienced a 35 percent decrease in funding-which will impact the availability of and result in greater competition for economic incentive funds. Companies seeking to take advantage of economic incentive programs should develop targeted strategies that will set themselves apart from other applicants.

Some DCED programs have been combined into a single economic incentive program labeled "Pennsylvania First." The purpose of the consolidation is to streamline operations and make the programs more efficient. But the funding allocated to Pennsylvania First represents more than a desire to make programs more efficient-it also signals a sharp decline in the availability of economic incentives themselves. For example, the Opportunity Grant Program and the Infrastructure Development Program, two prior programs that will

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