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Rendell: State Looking For Ways To Help Tasty Baking Co.

HARRISBURG, Pa. (CBS) — In his final days in office, Pennsylvania Governor Ed Rendell says he is looking for ways to help the struggling Tasty Baking Company.

Rendell (above) says he is trying to help the 97-year-old Philadelphia company “stay on its feet.”

“Tastykake is not only an important brand, a Pennsylvania company, but it’s a significant employer,” the governor said on Thursday.  “Plus, the state and city have put a lot of significant money helping build them a new bakery and headquarters down at the Navy Yard.  So we’re trying the find ways to help them if we can.”

He says he believes the company is looking for a sale or a merger in an effort to avoid bankruptcy (see previous story), something the state would like to avoid as well.

Rendell says that help might come in the form of additional loans, the amount of which he declined to discuss, and added they would be structured so the state would be repaid immediately from the proceeds of any sale.

He also acknowledged that any action by his administration could be subject to review by the incoming governor.

Reported by KYW Harrisburg Bureau chief Tony Romeo.

  • Andi

    I’ll buy more I promise…just PLEASE save tastykake!!!

  • carnigie

    Read the ingredients: eat it if you want to eat unhealthy.

  • tuomug

    Build a new facility for tax breaks and modernization to employ less people, sometimes an old building with more employees make the best economic sense. Will the person who made that decision lose their job?

  • john smith

    ok save Tastykake, but they have to improvr\e the tast of their product, which is kinda bland.

  • Bob

    Do us a solid! Pleease save Tasykakes. like most Philadelphians, I’ve enjoyed my Tastykake KupKake sine there were 3 in a pack & cost .13 cents. in spite of diabetes, i refuse to give up my treat every night.

    The Spectrum, Tastykakes… what’s next, Healthcare?

  • Anonymous

    Yeah, but help Tastykake before you leave. If you can save Tasykake and leave, I’ll take back 1 of the millions of bad things I’ve ever said about you.

  • Alec

    Hey Ed, how bout you just leave office pal. Enough is enough.

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