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.”