Thursday, August 21, 2014
Inquirer Daily News

PA Gov. Corbett bails out failing Aker shipyard with $42M

Pennsylvania to the rescue for South Philly shipyard, again

PA Gov. Corbett bails out failing Aker shipyard with $42M

UPDATE: Linda Loyd's Inquirer story here.

EARLIER: PA Gov. Tom Corbett says the state will go ahead and spend $42 million (previously authorized and approved by ex Gov. Rendell and the General Assembly) to buy equipment at the failing Aker Philadelphia Shipyard, in hopes US shipbuilding will recover in time to save several hundred jobs at the South Philadelphia facility, where Pennsylvania has previously committed over $400 million in grants and loans.

Corbett statement here.

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Joseph N. DiStefano
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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

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

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