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
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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...)

The Importance of IMF Reforms to Support Ukraine

This blog post by Anthony Reyes, the new media specialist at the U.S. Department of the Treasury, was published on the Treasury Department website on March 6. The Importance of IMF Reforms to Support Ukraine By Anthony Reyes Given the events unfolding in Ukraine, the important role the United States (more...)

Pennsylvania Ranks First in NE Region for New Corporate Facilities

Governor Tom Corbett announced today that Site Selection magazine, a publication specializing in the corporate real estate and economic development field, has ranked Pennsylvania as the top state in the northeast region for new corporate facilities in 2013. Pennsylvania has more successful projects than all other eight northeast states combined. For (more...)

New Office For RJMetrics, Fast-Growing Philly Tech Firm

Mayor Michael A. Nutter and RJMetrics, one of the city’s fast-growing technology companies, officially opened the company’s new headquarters at One South Penn Square. Founded in 2009 by Robert Moore and Jake Stein, RJMetrics has outgrown three different Philadelphia offices and increased its employee count from 26 (more...)

Treasury Secretary Lew on U.S. Economic Assistance to Ukraine

Statement of Secretary Lew on Economic Assistance to Ukraine We have been working closely with international partners to develop an assistance package that will help the Ukrainian government implement the reforms needed to restore financial stability and return to economic growth. The new government of Ukraine has said (more...)

2014 Spending Plan Reflects U.S. Priorities

By Kathryn McConnell Staff Writer The United States will provide $49 billion in funding for 2014 commitments to allies, contributions to the United Nations and international organizations, the global fight against HIV/AIDS, and support for global Internet freedom programs. The annual foreign assistance funding legislation, signed in January by (more...)

New U.S. Farm Bill Ends Direct Crop Subsidies

By Kathryn McConnell Staff Writer President Obama signed a comprehensive five-year farm bill on February 7 that ends controversial direct subsidies to farmers in favor of cheaper crop insurance for growers who face risks from severe drought, flooding and unpredictable market conditions. The direct payments had been supported by some (more...)

Mountain West Region States Soar in New Tax-climate Rankings

Location, location, location. When it comes to starting or relocating your small business, it matters—now more than ever, according to the latest State Business Tax Climate Index report from the Tax Foundation, a non-partisan Washington, D.C.-based think tank. This year, small businesses in Wyoming, South Dakota and Nevada will enjoy the most (more...)

City Of Philadelphia Selected As A Promise Zone Designee

The City of Philadelphia was one of three cities and a total of five areas selected for a Promise Zone designation, a federal initiative to accelerate revitalization efforts in targeted areas.  The Promise Zone initiative is led by the White House with support from federal agencies, including the U.S. Department (more...)

Holiday Shoppers Boost U.S. Economy

Holiday spenders who crowd retail centers and flood Internet-based businesses make an important end-of-year contribution to the U.S. economy, whose gross domestic product is the world’s largest. In 2013, holiday sales between November 1 and December 24 rose 2.3 percent over the same period in 2012, compared (more...)

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