Pennsylvania's EDGE 2.0 Plan: Energizing Economic Development for the Future
Key Ideas
  • The EDGE 2.0 plan aims to expand investments in next-generation energy projects and economic development across Pennsylvania by refining the existing tax credit program.
  • Rep. John Inglis introduced H.B. 500 to address the limitations of the current EDGE Tax Credit program and make it more accessible to Pennsylvania businesses, focusing on five key investment areas.
  • The proposed plan includes tax credits for Semiconductor Manufacturing, Sustainable Aviation Fuel, Pennsylvania Milk Processing, Reliable Energy Investment, and Clean Hydrogen Hubs to support economic growth and industry development in the state.
  • Committee Chairman Steve Samuelson emphasized the importance of making EDGE credits more attainable to support manufacturers and vital industries in Pennsylvania, while industry leaders and legislators testified on the benefits of the proposed tax credits for economic development and energy stability.
The state House Finance Committee in Harrisburg, Pennsylvania, conducted a public hearing on the EDGE 2.0 plan, which aims to enhance investments in next-generation energy projects and economic development in the state. Sponsored by Rep. John Inglis, the plan seeks to build on the existing Pennsylvania Economic Development for a Growing Economy Tax Credit Program to position Pennsylvania as a national energy leader. The proposed legislation, H.B. 500, aims to address the limitations of the current EDGE Tax Credit program by making it more accessible to businesses across Pennsylvania. By focusing on key areas such as Semiconductor Manufacturing, Sustainable Aviation Fuel, Pennsylvania Milk Processing, Reliable Energy Investment, and Clean Hydrogen Hubs, the plan aims to stimulate economic growth and support industry development. The hearing highlighted the importance of making EDGE tax credits more attainable to support manufacturers and vital industries in Pennsylvania. Committee Chairman Steve Samuelson emphasized the significance of these tax credits in promoting economic development and energy stability in the state. The proposed tax credits under the EDGE 2.0 plan and Gov. Josh Shapiro's Lightning Plan have garnered support from industry and trade leaders, as well as other legislators, who testified on the potential benefits for Pennsylvania's economic future. A voting meeting is scheduled for May 7 for a full committee vote on the bill, reflecting the momentum behind this initiative to energize economic development and propel Pennsylvania as an energy leader for years to come.
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