High interest rates hampered mergers and acquisitions for much of 2024, as did uncertainty over the outcome of the presidential election.Nonetheless, Central Pennsylvania saw plenty
President-elect Donald Trump made hay during the campaign with pledges to end taxes on tips and overtime pay. It’s unclear whether the proposals will gain traction in the U.S. Congress, given their potential cost.But the debate is likely to play out in Harrisburg, as well.In recent weeks, Pennsylvania lawmakers have floated proposals to eliminate state income […]
App-based food-delivery service DoorDash disclosed yesterday the results of a pilot benefits program introduced for the company’s Pennsylvania drivers. The program addresses concerns that independent contractors such as DoorDash drivers lack the workplace benefits enjoyed by employees, such as retirement plans and health insurance.Under the program, the company has been contributing 4% of eligible drivers’ earnings […]
A Palmyra-based specialty distributor plans to lay off about 100 people working at three locations in Lancaster and Lebanon counties by the end of this year.The move stems from an expected decline in business and resulting corporate restructuring, according to a layoff notice from the company, DAS Companies Inc. Efforts to reach the company yesterday were not […]
Companies in Central Pennsylvania and beyond are bracing for a strike that could upend supply chains across the U.S.Workers who load and unload cargo at ports on the East and Gulf Coasts are poised to go on strike at midnight tonight, an outcome that looks increasingly likely to Peggy Stewart, international operations officer for Nexterus, a […]
Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend.However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November.That’s the view of local financial executives who spoke yesterday with biznewsPA shortly after […]
Amid widespread concerns about a shortage of childcare for working parents in Pennsylvania, the Hanover YWCA is aiming to expand its capacity and shrink its waiting list for spaces.The nonprofit is in the midst of a capital campaign to raise $10 million that will support construction of a new, three-story childcare center at the corner of North […]
Supply chain troubles are back in the news, thanks to the shutdown this week of two major Canadian freight railroads amid conflict between labor and management. It’s unclear how long the stoppage will last and what the economic impact will be, though the Canadian government moved yesterday afternoon to get trains back on track.Nonetheless, ripples are sure […]
The state-funded walkway connecting a public park to the Main Street of a small Montgomery County borough was not a big project. But the project and the community’s positive reaction were enough to hook Greg Welker on the world of economic development.“It really spoke to me,” said Welker, who was then working for the Pennsylvania […]
Barring any last-minute legal complications, employers may be paying overtime to more workers starting Monday.July 1 is the date a federal rule lifting the salary threshold for overtime eligibility is scheduled to take effect.Issued by the U.S. Department of Labor, the rule bumps the threshold to $43,888 per year, up from the current level of […]
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