Bobcat of Huntingdon
9746 William Penn Highway, Huntingdon
(814) 667-8660
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Pennsylvania’s corporate tax rate begins years-long descent
Lauren Jessop, The Center Square
January 16, 2023
(The Center Square) – Pennsylvania’s corporate net income tax rate decreased 1 percentage point on Jan. 1 as the state begins a decade-long campaign to stimulate business growth within its borders. The state’s 9.99% CNIT, one the highest in the nation, decreased to 8.99% in the new year. The policy change comes six months after a Republican-majority General Assembly brokered a deal – as part of a larger $45.2 billion budget agreement – with outgoing Democratic Gov. Tom Wolf to gradually lower the rate by half a percentage point each year until it reaches 4.99% in 2031. Wolf’s support for the plan constituted a stark departure from the rest of his party, who have historically advocated for robust taxes on registered corporations. When he expressed support last year, he acknowledged the rate “holds the commonwealth back.” “Businesses are asked to pay more than their fair share,” he said in April. “It’s a barrier to new business growth and limiting opportunities for our workers and new student graduates.” The reforms in the bipartisan bill, according to the Tax Foundation, “can help the state’s economy respond to inflationary demand” and “will continue to yield economic benefits after the inflationary period has waned.”
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New Member to Member Benefit: 10% off bulk microgreen orders 1/2 pound and up at GreenSpace Indoor Farm, 421 Washington Street, Huntingdon. |
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2023 will see push for financial wellness
Soaring inflationary pressures and mounting recession fears have combined with pandemic and employment concerns to create a heightened level of financial stress among employees. For employers, this represents both a dilemma and an opportunity. The employee benefit portfolio that may have worked well in the past may not adequately address these needs going forward. By investing in planning and some resources, however, business owners can both demonstrate their concern for employees and solidify if not increase worker morale and productivity at the same time.
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Active Shooter Preparedness Webinar
Given today's ever-changing threat environment, preparing for and training employees to cope with active threats and workplace violence should be a key piece of an organization's emergency action plan.
A Unique Training Opportunity
The Cybersecurity and Infrastructure Security Agency (CISA) within the U.S. Department of Homeland Security is hosting a 2-hour Security Webinar to enhance awareness of, and response to, an active shooter
incident Objectives
- Discuss the elements of active shooter incident response planning with guidance from expert instructors.
- Describe common behaviors, conditions, and situations associated with active shooter events.
- Discuss how to recognize potential workplace violence indicators.
- Provide information about best practices, communications protocols, and resources that will assist stakeholders to develop or enhance their emergency planning, preparedness, and response to active shooter incidents.
Click here for more information about this January 31, 2023 webinar.
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Interested in advertising in our enews?
The cost is $25.00; $10.00 for 501(3) organizations.
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Platinum
Fulton County Medical Center
Shafer Equipment Co.
Gold
Stern Insurance Agency
Silver
Mutual Benefit Group
Bronze
Bumgardner & Flasher Oil, Inc.
Community State Bank
Grier School
Orbisonia Hardware, Inc.
Royal
Bange's Masonary
MiCamp Solutions LLC
Culbertson Commercial Cleaning Service
FirstEnergy Corporation
Juniata College
Keller Engineers
Lincoln Caverns, Inc. and Whisper Rocks
McDonald's
Stiffler, McGraw and Associates, Inc.
Dirtbusters Cleaning Services
MCS Bank
Interested in learning about becoming a Partner in Excellence?
Packages range from $125 to $1,000.
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Our Next Great Workforce Begins at
Pennsylvania Free Enterprise Week!
“PFEW is unique in that it gave me a glimpse into the business world in a way that I don't think I could have experienced otherwise. There have also been incredible speakers with powerful messages that will change my life. The lessons in business and in life that I have learned here will be unmatched in any other event that I attend. Students need to experience this hands-on learning that will prepare future generations to become the next community leaders and understand what employers want and need.”
This quote from PFEW 2022 graduate Julia Bianchin from Butler Area Senior High School in Butler County describes why we support Pennsylvania Free Enterprise Week. PFEW prepares students like Julia to assume roles as our next great employees, employers, and community leaders. Because workforce development remains the top priority of Pennsylvania businesses, this program is needed more than ever.
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Julia is pictured here, front row, second from left, with her team, Chewnines, a
Pet Supply company, at PFEW 2022.
Offered by the Foundation for Free Enterprise Education (FFEE), PFEW holds multiple week-long summer sessions for rising high school juniors and seniors on the campuses of Lycoming College and the Pennsylvania College of Technology in Williamsport. PFEW was created in 1979, and this year they will graduate their 50,000th young Pennsylvania leader.
PFEW is a hands-on program entirely funded and taught by practitioners from the PA business community, and that’s why it is so effective. Students form teams and run a modern manufacturing company using a powerful college-level simulation. They make the same decisions you make every day. Volunteer mentors provide guidance and insight into modern business operations. Teams are responsible for two judged presentations – a stockholders annual meeting and an advertising presentation - where they must demonstrate in-depth knowledge of all facets of business, finance, marketing and more. The week is highlighted by Speakers delivering life-changing messages directed at the students’ personal and professional development. An ethics case study, other business-related activities and a full immersion in the college experience round out this incredible week of learning.
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State of the County Address
Coffee Connection
February 15, 2023
7:45 to 9:00 a.m.
Huntingdon Country Club
2023 Golf Tournament
June 7, 2023
Huntingdon County Night at the Curve
Saturday, August 26, 2023
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Sporting Clay Tournament
September 13, 2023
September 20. 2023 (Storm date)
Annual Awards Gala
Thursday, October 5, 2023
Trophy Mountain Lodge
We are planning our 2023 events. If you are interested in hosting a Business Afer Hours or ribbon cutting please let Yvonne know. ymartin@untingdonchamber,com
We are also in the process of planning our seminars. Please let us know if you have specific educational needs.
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Download our logo to use on your website. Click the logo for more information. Feel free to link the image on your website to our website, huntingdonchamber.com.
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Monthly Business Briefing
Featuring Senate Appropriations Chairman Scott Martin, R-Lancaster
Monday, January 23, 2022
10:00 a.m.
In-person: Anton Center, 225 State St., Harrisburg, PA
No RSVP is necessary to attend in-person
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If you are hiring, please send position information to [email protected] or login to the member section of our website to post your jobs.
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DEP Small Business Advantage Grant
The Small Business Advantage Grant provides reimbursement grants ranging from 50% to 80% of eligible project costs to Pennsylvania small businesses to improve energy efficiency or reduce pollution or waste by upgrading or replacing equipment or supplies; improving processes; or reducing runoff into affected waterways. Maximum grant award amounts will vary from up to $5,000 to up to $8,000, based on the environmental impact of the project and whether the project location is in an Environmental Justice Area in Pennsylvania. Click here for the map.
Project work completed on or after July 1, 2022 will be considered for funding. The application period will close when funding is exhausted or on March 24, 2023, whichever occurs first.
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UC Fraud and UC-1099G Tax Forms
Victim of unemployment fraud?
Criminals using stolen identities filed claims for unemployment compensation in other people's names. Because unemployment compensation is taxable, state unemployment agencies submit Forms 1099-G to individuals in whose names and Social Security numbers the unemployment compensation was paid and to the IRS. Victims of fraud who receive Forms 1099-G with inaccurate amounts of unemployment compensation in Box 1 should notify the state agencies of the inaccuracies and request corrected Forms 1099-G. The Department of Labor details www.dol.gov/agencies/eta/UIIDtheft.
More Information
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The Chamber's Membership & Marketing Committee is looking for some people to join the committee and help develop more ways we can support our members. If you would like to learn more about the committee, please contact me at [email protected].
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Did you know........
Small businesses represent the largest segment by number of most local chamber membership rolls. Results in the research study by The Shapiro Group, Inc. and Market Street indicate the impact of local chamber membership on small businesses is very powerful. If a consumer knows a small business is a member of its local chamber, the business enjoys a 44 percent increase in its consumer favorability rating, a 51 percent increase in consumer awareness, a 57 percent increase in its local reputation and a 63 percent increase in the likelihood that consumers will patronize the business in the future.
Research indicates that chamber membership stimulates business-to-business commerce in the local community. Other businesses in town are more likely to do business with you and your company if you are a member of the local chamber. Because a major part of a small business typically comes from business-to-business services, it is essential to maintain a positive standing within the local business community.
Download our logo to use on your website. Click the logo for more information.
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Paid Leave Tax Credit Resources and Guidance
Click here to view the U.S. Department of the Treasury’s Fact Sheet to learn more about the Paid Leave Tax Credit, how it works, and who is qualified to receive it.
Click here to view the Internal Revenue Service (IRS)’s Fact Sheet to learn more about how to claim the tax credit during quarterly filings and additional resources for employers about the program.
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Looking for more ways to promote your business?
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Resources from the U.S. Chamber of Commerce
The U.S. Chamber continues to create, update, and evolve its various guides and resources.
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Quick Connect Coaching Sessions
Weekly, Tuesdays at 8:30 am
Looking for a quick answer to a question related to disaster recovery, reopening, stabilizing, or projecting for growth? Then attend a "Quick Connect" session to get your questions answered. Each week a consultant will address answers related to a specific topic.
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Contact Us
Yvonne Martin
President/ CEO
Mathue Nissley
Program Director
Phone: 814-643-1110
Fax: 814-643-1115
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Looking to start an endowment or to support community efforts? Click the logo above to learn more about the Huntingdon County Foundation. |
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