Development in Focus is GRCA’s monthly recap of key economic development activities, advocacy initiatives and upcoming opportunities shaping Greater Reading. Each edition highlights efforts to drive growth, foster collaboration and support businesses, reinforcing our commitment to a thriving and connected Greater Reading business community.
A Breakdown of the Governor’s Budget Proposal
Gov. Josh Shapiro’s 2025-26 budget proposal reflects a significant investment in education, economic growth, infrastructure and public services while seeking new revenue sources through marijuana legalization, gaming regulations and corporate tax reforms. The proposed changes aim to strengthen Pennsylvania’s economy, improve education equity and modernize energy and transportation policies.
However, some measures, such as the new emissions program, cyber school tuition cap and tax policy changes, may face opposition from lawmakers and industry leaders. As the budget debate unfolds, key stakeholders will weigh in on how these policies impact Pennsylvania’s businesses, schools and communities.
GRCA will be closely following this process, analyzing potential impacts, and advocating for funding and policies that support economic growth and business success in Greater Reading.
Financing is now available for the Pa Catalyst Loan Fund
For profit, small businesses in PA, offering funding towards machinery and equipment, commercial real estate and working capital. LOW Interest rate of 5% with a maximum loan amount of $200,000. Requires a funding match with a separate bank, or CDFI.
Requirements and an application checklist can be found here.
If you need resources for a project, please contact Kayla Hayick at khayick@greaterreading.org to see if GRCA can be of assistance.