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
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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...)

Small Business in U.S. History

Christopher Conte Americans have long revered small businesses for not only building the economy but also bolstering democracy. For more than a century, the United States has implemented laws aimed at preventing big business from competing unfairly with small businesses. Whether small businesses create a disproportionate number (more...)

Economic Populism Is a Dead End for Democrats

If you talk to leading progressives these days, you'll be sure to hear this message: The Democratic Party should embrace the economic populism of New York Mayor-elect Bill de Blasio and Massachusetts Sen. Elizabeth Warren. Such economic populism, they argue, should be the guiding star (more...)

Mayor Nutter Support For Small Businesses In Philadelphia

Three events showcase small businesses in Germantown, Fishtown and East Kensington. Mayor Michael A. Nutter and Deputy Mayor for Economic Development Alan Greenberger will participate in series of events showcasing small businesses and neighborhood development to highlight the ways in which the City of Philadelphia supports economic (more...)

City Narrows Field Of Potential PGW Buyers

Final candidates to receive additional detailed information. The Nutter administration announced today that it has narrowed the field of bidders seeking to buy the Philadelphia Gas Works (PGW). This decision was based upon indicative bids it received on November 1.  In August, more than 30 qualified parties responded to (more...)

Mayor Nutter Announces Second Startup PHL Call For Ideas

Second Startup PHL Call for Ideas focuses connections between Higher Education and Philadelphia’s tech community. Mayor Michael A. Nutter announced that Startup PHL is now accepting applications for the second round of Call for Ideas, a grant program to fund innovative proposals that support Philadelphia’s startup ecosystem. Full application details (more...)

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