Waterfront Development Tax Credit potential praised
Thursday, September 15, 2016
CHESTER, PA. – Riverlife Executive Vice President and Chief Financial Officer Jay Sukernek (above, left) testified at the Pennsylvania Senate Majority Policy Committee Hearing today, praising the recently passed PA Waterfront Development Tax Credit. The tax credit was included in the July state budget and received bipartisan support for its potential to kickstart waterfront redevelopment projects in towns and cities across Pennsylvania.
“The funds that will be made available through this credit can be used on amenities that benefit the public, amenities that have been shown to attract residents and visitors to waterfront cities and towns but too often are left out of projects because there is no room for them in the development budget,” Mr. Sukernek said.
Read Riverlife’s full testimony here.
Photos by Kim Sokoloski