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.”

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    It will take 126,000 members this year for great news and programs to thrive. Help us get to 100% of the goal.