Thursday, July 30, 2015

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

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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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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.

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