Philadelphia’s Unemployment Rate Drops To 6.6%

According to preliminary data released today by the U.S. Bureau of Labor Statistics, the unemployment rate in Philadelphia declined to 6.6% for October 2014, a 3.3 percentage point drop from October 2013 and the lowest unemployment rate since April 2008. 
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Stack Praises Low-Interest Loan for Philly Business

State Sen. Mike Stack today praised a Northeast Philadelphia business for its commitment to local redevelopment and winning a low-interest loan from the state. Printfly Corporation, a custom printing, embroidery and screen shop will to acquire and renovate a new site in the Byberry East Industrial Park, creating 53 new jobs. “The competition for financial help from (more...)

Dietz and Watson Project to Receive $5 million Grant

The redevelopment project that will keep Dietz and Watson in Northeast Philadelphia will receive a $5 million state grant, state Sen. Mike Stack announced today. “Dietz and Watson is investing in the future of Northeast Philadelphia and I’m pleased that Pennsylvania can reward that good faith with an investment (more...)

Beyond Buy Local, Invest Local

By Brian Depew, briand@cfra.org, Center for Rural Affairs Buy local. It’s a well known strategy for small towns. Keeping your grocery money close to home keeps the grocery store close to home. Economists tell us that every dollar spent at a locally owned business generates two to four times the (more...)

Property Assessment Accepts Applications For the Homestead Exemption

The City of Philadelphia announced that the Office of Property Assessment will accept applications for the Homestead Exemption after the September 13th deadline through December 1st. “To ensure that every eligible Philadelphian has the opportunity to apply for the Homestead Exemption and receive this important tax relief, the Office (more...)

2014 List Of Best Places to Work In PA Revealed

The Best Places to Work in Pennsylvania competition is a celebration of great companies and their employees. (Photo courtesy of Journal Multimedia) The alphabetical list of the 100 Best Places to Work in Pennsylvania was revealed today by the Pennsylvania Department of Community and Economic Development (DCED) and Team Pennsylvania Foundation. Team (more...)

Getting in the Game

Andrzej Zwaniecki Finding the money to start a business or launch an artistic idea is changing, as bank loans or regular investors are nudged aside by Internet investors, unknown to each other and making small contributions. Called “crowdfunding,” the practice of soliciting funds online from small investors or (more...)

Biden Announces New U.S. Aid for Ukraine

Vice President Biden on June 7 announced an additional $48 million in assistance to help the Ukrainian government conduct key reforms, build law enforcement capacity and strengthen national unity. Pending consultation with the U.S. Congress, this assistance will follow the $1 billion loan guarantee signed on April 14, a $50 million (more...)

Ukraine Issues $1 Billion Bond with U.S. Guarantee

The National Bank of Ukraine on May 16, acting on behalf of the government of Ukraine, closed on its offering of a $1 billion sovereign bond, guaranteed by the United States, acting through the U.S. Agency for International Development (USAID). “This guarantee demonstrates the strong U.S. (more...)

Philadelphia And PIDC Launch Phase Two Of School Building Sales

PIDC will manage the sales process for 20 schools identified by the School District of Philadelphia for re-use. Mayor Michael A. Nutter and Superintendent Dr. William Hite announced today that PIDC, on behalf of the School District of Philadelphia, will begin accepting sales offers on 20 (more...)

Fontana Calls for Strengthening State’s Film Tax Credit program

State Sen. Wayne D. Fontana (D-Allegheny) has introduced legislation that would make more money available to the state’s film production tax credit program by recapturing unused credits from the previous year. If such a law were currently in place, nearly $22 million more in credits would be available to attract film (more...)

U.S. Increases Financial Support for Ukraine

By Jane Morse Staff Writer The Obama administration announced a new package of assistance totaling $50 million to help Ukraine pursue political and economic reform and strengthen the partnership between the United States and Ukraine. A fact sheet released by the White House April 22 said that U.S. support (more...)

Demystifying Credit Scores

By Jason Alderman One of the few positive outcomes of the 2008 financial crisis was that it helped shine a light on the importance of understanding and staying on top of your credit profile. Along with that heightened visibility, however, has come a great deal of confusion and misunderstanding – particularly (more...)

Sen. Tartaglione Says PA Minimum Wage Should be $10.10/Hour

State Sen. Christine M. Tartaglione said today she will replace her proposal to increase Pennsylvania’s minimum wage to $9 an hour with a new bill that would increase it to $10.10 by 2016. Minimum wage increases under Senate Bill 1300 would be tied to inflation once the base hourly rate hits (more...)

16% Of Natural Gas Consumed in Europe Flows Through Ukraine

Source: U.S. Energy Information Administration, IHS EDIN, and International Energy Agency Republished March 14, 2014 Ukraine's geographic position and proximity to Russia explain its importance as a natural gas and petroleum liquids transit country. Approximately 3.0 trillion cubic feet (Tcf) of natural gas flowed through Ukraine in 2013 to Austria, (more...)

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