Pennsylvania’s landmark Race Horse Development Fund has invested millions into local economic development, farm expansion and job creation. Created in 2004 as part of Pennsylvania’s Race Horse Development and Gaming Act, the fund has created 23,000 jobs and generates $1.6 billion annually in economic activity. Horse owners and trainers reinvest approximately 89 percent, or $210 million, into their local communities. Farms have directly benefited, investing $22 million in land, improvements and equipment, and are home to about $40 million in racehorses.
The numbers prove Pennsylvania’s Race Horse Development Fund is an incredible economic development success that has served as a model for other states. Behind the numbers, there are countless stories of hard-working people who have invested their future in Pennsylvania. Faces of PA Horse Racing will introduce you to a few of those people.
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