State offers loan to Tastykake

    Gov. Ed Rendell says the state is prepared to offer a $1 million loan to the company that manufactures Tastykake snack items.

    Rendell said at a news conference Tuesday that Tasty Baking Co. hasn’t yet taken him up on the offer because it’s a portion of what they will need.

    The company announced last week that several factors led it to consider its options, including a potential merger or sale. Its statement said the company “is currently experiencing extremely tight liquidity.”

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