Auditor General: Pennsylvania Needs to Better Monitor Corporate Tax Incentives

Jan 8, 2015

Auditor General Eugene DePasquale discusses the details of an audit at the State Capitol.
Credit Marielle Segarra / WHYY

Every year, Pennsylvania gives out hundreds of millions of dollars in grants, loans, and other financial help to companies. In exchange, the companies promise to invest. Maybe they'll build a new office, or create a certain number of jobs, for instance.

The Department of Community and Economic Development gives out this money, and it's also responsible for holding companies to their promises.

The state auditor general recently came out with a report saying DCED needs to do a better job. The audit looked at how DCED monitored nearly $213 million it gave out in five of its programs from 2007 to 2010.

Read a full version of this report at the website of Keystone Crossroads, a new statewide public media initiative reporting on the challenges facing Pennsylvania's cities.