Wednesday, February 10, 2016

Italy seeks Pa. tax breaks for rail HQ

ISARail wants to build here

Italy seeks Pa. tax breaks for rail HQ

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Former Italian Premier Silvio Berlusconi has been found guilty in a tax fraud scheme, but he blamed his conviction on "politicized" judges.
Former Italian Premier Silvio Berlusconi has been found guilty in a tax fraud scheme, but he blamed his conviction on "politicized" judges.

Amato Berardi, the Philadelphia University-educated finance consultant who represents expatriate Italians from North and Central America in Italy's Parliament as a delegate of the Silvio Berlusconi-founded PDL (Freedom People) political party, says he's negotiating with Pennsylvania state officials to get Keystone Enterprise Zone tax breaks or subsidized loans for the Italian railroad services firm ISARail to build a headquarters in the Philadelphia area.

"The new facility is expected to create 30 to 50 full-time jobs for the local economy in the next 12 to 18 months," Berardi said in a statement. "This partnership between ISARail and Pennsylvania will bring quality jobs to Philadelphia and create new tax revenues for our citizens.”

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

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