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
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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...)

US Airways & American Airlines are Merging

Mayor Michael A. Nutter released a statement regarding the settlement among the Department of Justice, state attorneys general, US Airways Group and American Airlines parent, AMR Corporation. Seven mayors—Philadelphia Mayor Nutter, Chicago Mayor Rahm Emanuel, Dallas Mayor Mike Rawlings, Fort Worth Mayor Betsy Price, Charlotte Mayor Patsy Kinsey and (more...)

The Real Estate Tax “Senior Freeze” Program

The Philadelphia Department of Revenue is encouraging low income senior citizens to apply now for the Low Income Senior Citizen Real Estate Freeze program. Under the program, the City will “freeze” the applicant’s real estate tax for the calendar year in which the taxes are due. Once (more...)

Yellen Nominated to Succeed Federal Reserve Head Bernanke

President Obama, standing with Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, and outgoing Federal Reserve Chairman Ben Bernanke, announces October 9 that Yellen is his choice to succeed Bernanke as head of the nation's powerful central bank. Obama praised Bernanke, (more...)

Mayor Nutter To Lead Trade Mission To United Kingdom And Israel

Mayor Michael A. Nutter announced that he will lead a trade mission to the United Kingdom and Israel next month in order to attract investment from international companies in Philadelphia and to assist Philadelphia companies with trade opportunities in these two key marketplaces.  Mayor Nutter will be joined (more...)

New Cost-Benefit Study Shows Increased Value For Sale Of PGW

The City of Philadelphia released a cost-benefit study, authored by its financial advisor, that estimates a sale of the Philadelphia Gas Works (“PGW”) could generate net sales proceeds in the range of $422 million to $872 million for the City of Philadelphia. These funds would be used to bolster the (more...)

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