One in three taxpayer-funded loans through the Providence Economic Development Partnership (PEDP) are still at least 90 days past due and the city stands little chance of collecting on much of the $1,210,336 it is owed from 42 businesses that have defaulted on their loans, GoLocalProv has learned." />

| | Advanced Search

 

Half of RI Renters Spend Over 30% of Income on Rent—Half of RI Renters Spend Over 30% of…

LEGAL MATTERS: How To Beat That Speeding Ticket—avoid the insurance hikes with these easy tips

Dealing With Late Spring Allergies—Kent Hospital Expert—Ah, ah, ahhhhhhchoooooo.....

Michael King Continues to Dominate for Undefeated Hendricken Baseball—Hendricken sticks to winning ways...

Smithfield’s Matt Kuhar Gunning for State Tennis Title—Tennis star continues success...

B’s Win Game 3, Push Rangers To The Brink—take a commanding 3-0 lead in series

Marin, Brown Announce First Recruiting Class—adds 6 players to the program

Providence Mayoral Race Taking Shape—Providence Mayoral Race Taking Shape

NEW: Block Announces Candidacy for Governor in 2014—NEW: Block Announces Candidacy for Governor in 2014

RICares Changing Addiction Conversation—RICares Changing Addiction Conversation

 
 

Providence on the Hook for Over a Million in PEDP Loans

Tuesday, October 23, 2012

 

One in three taxpayer-funded loans through the Providence Economic Development Partnership (PEDP) are still at least 90 days past due and the city stands little chance of collecting on much of the $1,210,336 it is owed from 42 businesses that have defaulted on their loans, GoLocalProv has learned.

Click here to listen to the podcast.

 

Enjoy this post? Share it with others.



Commenting is not available in this channel entry.