Monday, May 25, 2015

Italy seeks Pa. tax breaks for rail HQ

ISARail wants to build here

Italy seeks Pa. tax breaks for rail HQ

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 drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano