While it's difficult to see Philadelphia lose another corporate headquarters, there's good news in the sale of Tasty Baking Co. to a robust competitor committed to keeping hundreds of jobs at the Philadelphia Navy Yard.
Saving those jobs vindicates a high-risk business strategy promoted by a former Chamber of Commerce booster - Tasty chief executive Charles P. Pizzi - and embraced by then-Gov. Edward G. Rendell and other power brokers with whom Pizzi partnered to land taxpayer financing to help build a state-of-the-art bakery.
From the day Pizzi took over Tasty in 2002, financial backers of the bakers who satisfy the region's sweet tooth with a variety of Tastykakes have been urging that the company be sold. But as long as Tasty's snack line was produced at its outmoded Hunting Park plant, a sale likely meant jobs would leave the city.
