State and federal officials have formulated a plan to help save thousands of PA retail jobs.

The U.S. Department of Housing and Urban Development recently approved a plan that Gov. Edward G. Rendell initiated in November 2008. The plan will provide a $43.7 million loan to help save 24 Boscov’s department stores and retain the company’s 5,000 employees throughout Pennsylvania.

“This is great news for Pennsylvania, its people, communities and one of our most respected businesses,” Rendell said. “Boscov’s has been a cornerstone of many communities in Pennsylvania since 1918. Today, with 24 locations throughout the state and more than 5,000 employees, they remain a significant part our economy.

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