Gov. Tom Corbett recently implemented another innovative initiative making it easier for businesses to bring jobs to Pennsylvania, and businesses are responding.
Corporations doing business in Pennsylvania must register with the Department of State.
These corporate filings can be complicated financial transactions.
Sometimes these business deals come down to the last minute.
Working with the business community, the governor supported legislation passed in July that makes available expedited corporate filings.
Business leaders told the governor that being able to transact corporate filings quickly would be another signal Pennsylvania is smoothing the way for jobs to locate here.
Once the law was signed, my agency moved rapidly and put the nuts and bolts for expedited filing in place.
Corbett’s expedited filing initiative is paying immediate dividends.
In the service’s first 11 weeks, which started Jan. 6, the Bureau of Corporations and Charitable Organizations handled 1,471 expedited corporate filings, showing just how important this service is.
The Department of State provides three levels of expedited filing: same-day, three-hour and one-hour. Through the first 11 weeks, expedited filing fees brought in $200,000, of which $60,000 is used to help run the Corporations and Charitable Organizations.
The other $140,000 is available for everything from education to public safety to environmental protection.
Expedited corporate filing is one more way Corbett is saying Pennsylvania is open for business, and when your company is ready to bring jobs here, we are ready to help you do it as quickly and easily as possible.