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Category: Economy

Economy

County economic post ‘a very hard opportunity to pass up’

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 […]

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Economy

New overtime rules poised to take effect amid legal challenges

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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Economy

New funds aim to chip away at childcare shortage

Framing the challenge of finding childcare as a critical issue for employers, York-area business and nonprofit leaders yesterday unveiled a new program designed to encourage fresh thinking on the years-old problem.The program, called Every Child Has Opportunities, or ECHO, plans to dole out $700,000 in grants this spring to expand the number of home-based childcare providers […]

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Economy

Report: Region’s tourist trade erases pandemic losses

The Covid-19 pandemic emptied out the region’s amusement parks and Amish attractions.But by 2022, the tourists had returned, and then some. That’s the conclusion to be drawn from the most recent annual report of the Pennsylvania Tourism Office. Spending in what the state calls the Dutch Country Roads region hit nearly $9.4 billion in 2022, up 18.3% […]

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Economy

PA job growth slows but labor market still tight

After two years of explosive, post-pandemic growth, Pennsylvania’s job growth is returning to its pre-pandemic form.Revised numbers indicate the state’s employers added roughly 80,800 jobs in 2023, though the numbers could be revised further, according to L&I. That compares with six-figure growth in 2021 and 2022, when the economy was recovering from the depths of the […]

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Economy

A speed bump for PA job growth?

Pennsylvania employers added more than 111,000 jobs in 2023, pushing the number of nonfarm jobs to a new state record, nearly 6.2 million, according to the Department of Labor & Industry.The jobless rate, meanwhile, was at 3.5%, down from 4.3% a year earlier. But things may not be as healthy as they look. Pennsylvania could be […]

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Economy

A peek behind the state plan for economic growth

Earlier this year, Gov. Josh Shapiro rolled out a plan for economic development in Pennsylvania that is expected to unfold over the next decade. Progress is likely to be measured in shorter increments of time.State lawmakers, who are being asked to fund parts of the plan, could start asking for results by next year.And therein […]

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Economy

Guv pitches new strategy for PA economy

Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in BethlehemThe 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and businesses […]

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Economy

Retailer to shutter York-area warehouse

Workers at a York-area distribution center are the latest casualties in GameStop‘s effort to cut costs and rebuild profits.The Texas-based video-game retailer is planning to shutter its 700,000 square-foot warehouse at 20 Leo Lane in Manchester Township and lay off the 155 people who work there, according to a notice sent this week to state officials.“This […]

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