LISTEN: PEDP Loan Recipients Also Stiffed State for Nearly $1 Million
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LISTEN: PEDP Loan Recipients Also Stiffed State for Nearly $1 Million
A failed custom wheel designer, a recycling company, a manufacturing business and a politically connected nightclub that never repaid hundreds of thousands of dollars in taxpayer-funded Providence Economic Development Partnership (PEDP) loans also failed to pay back nearly $1 million in state small business loans, according to the Rhode Island Economic Development Corporation (EDC).
