Gov. Rendell Offers Million Dollar Loan to Tastykakes

Gov. Ed Rendell says the state is prepared to offer the financially troubled manufacturer of snack foods line Tastykakes a $1 million loan.

Rendell said at a news conference Tuesday that Philadelphia-based 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.”