Current through Register Vol. 54, No. 45, November 9, 2024
Section 135.3 - Objectives of the act(a) One objective of the act is to encourage private business firms as defined in the act to provide private capital as described in the act to generate, provide or establish projects which will improve impoverished neighborhoods by providing job training for both the unemployed and the underemployed, education, community services and crime prevention and by enhancing the living conditions of people in impoverished areas.(b) Another objective of the act is to encourage private companies to invest in physical improvements in enterprise zones that result in community economic development.(c) The goal of the act is to directly involve business firms in assisting and improving impoverished communities. The act provides for a wide range of innovative projects by offering a business firm the option of sponsoring its own project in the community or contributing to a nonprofit neighborhood organization. The purpose of the act is to help impoverished individuals or neighborhoods, or both, by using the business firm's technical assistance abilities or resources, or both.(d) The act is not intended to replace or lower the local effort by business and industrial firms in their usual contributions to nonprofit organizations. Projects which fail to clearly differentiate between the two types of assistance will not be considered.The provisions of this §135.3 amended May 15, 1981, effective 5/16/1981, 11 Pa.B. 3512; amended March 4, 1988, effective 3/5/1988, 18 Pa.B. 937.