From the HARRISBURG PATRIOT-NEWS:
Gov. Tom Corbett, who has been criticized for cutting state spending for schools and social services, is advocating future tax credits worth as much as $67 million a year for a petrochemical refinery planned by Shell Oil Co. in western Pennsylvania to capitalize on booming natural-gas drilling in the Marcellus Shale.
The Corbett administration is seeking legislative approval now to demonstrate its willingness to share the costs of the multibillion-dollar project, even though the credits would not become available until 2017. The credit would be worth nearly $1.7 billion over the 25 years they would remain in place.
“It’s a competitive climate out there,” said Steve Kratz, a spokesman for the Department of Community and Economic Development. “This is about reindustrializing the state.”
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EDITOR: The Marcellus Shale center of the nation is here in Pennsylvania. Why would they build a processing plant elsewhere?
