Pennsylvania's newly elected governor plans to scale back his government's role in economic development, a philosophy that could mean the state will lend its tax-exempt status to large companies less often.

Throughout his campaign for governor, Republican Tom Ridge targeted the state's Department of Commerce as ripe for cutbacks in both programs and staff. The department oversees the state's Economic Development Financing Authority, which lends Pennsylvania's tax-exempt status to private companies that make capital investments promoting the state's economy.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.