PA Rethinks Debt-Heavy Projects

Money ain't cheap, ya know

HARRISBURG — Pennsylvania's most sweeping economic development programs could see a limited spending cap and permanent guidelines under a recently passed proposal.

The state's Redevelopment Assistance Capital Program (often called "R-Cap") provides grants with borrowed money for private projects pursued by municipalities and local agencies.

That could include hospital expansions, parking garages or community centers — any project with a cultural, civic or historical connection that could create jobs and be tied to economic development.