The growth potential of Pennsylvania’s life science and technology businesses are often hindered by a lack of capital during their most critical years of development. To provide needed assistance to businesses during these times, the Second Stage Loan Program was created with a focus on the life sciences, advanced technology, and manufacturing industries. This program provides loan guarantees for these businesses that are on the cusp of success. 

While this program has been successful, we should take modernization steps to assist more Pennsylvania businesses and to create more job opportunities for Pennsylvania workers. My legislation will ensure the Second Stage Loan Program is reserved for Pennsylvania-based businesses and focus on creating and retaining good paying jobs for Pennsylvanians. 
 
Through innovation and targeted investment, we can write Pennsylvania’s next economic chapter. Please join me by co-sponsoring this bill to support the life sciences, advanced technology, and manufacturing sectors and to create sustainable jobs in our Commonwealth.

Statutes/Laws affected:
Printer's No. 1139: 64-1553(a), 64-1), 64-2), 64-3), 64-4), 64-1)(ii)