Senators Unveil Bills to Promote Economic Growth, Attract New Employers
Senator Ryan Aument
HARRISBURG – To make Pennsylvania more economically competitive and ensure it is an attractive place to live and work, Sens. Ryan Aument (R-36), Tracy Pennycuick (R-24), Greg Rothman (R-34) and Judy Ward (R-30) unveiled a pro-growth tax reform package of bills. The package of bills will:
Accelerate the Corporate Net Income (CNI) tax reduction so it is more in line with a bill Aument sponsored in 2022, Increase the Net Operating Loss (NOL) carryover limitation, and Allow small employers to use the NOL deduction. Sponsored by Aument and Rothman, Senate Bill 345 quickens the reduction of the commonwealth’s CNI tax by immediately dropping it to 7.99% and then reducing it an additional point every January until it falls to 4.99%. As part of the 2022-23 state budget, Pennsylvania’s CNI tax rate began the transition from 9.99% to 4.99% over the course of nine years.
“A more competitive business tax code offers far more benefits than simply improving the state’s business climate. Studies have shown that decreasing the CNI leads to better job opportunities, higher workers’ wages, and improved communities – all of which create family-sustaining jobs and attract and retain new talent,” the senators said.
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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
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Five Group Benefits Employees Will Look For In 2023
Most small businesses are at a competitive disadvantage when trying to hire and retain employees compared to their larger firm counterparts. The smaller firms are typically more limited in their budgetary capabilities and unable to provide a high level of comprehensive benefit package. To attract their necessary workers, the focus for owners of small companies should be directed toward benefits that are most valued by the workforce they are looking to attract. Here are a few of the benefits most employees are looking for in 2023:
Healthcare…with heightened health concerns stemming from the pandemic and quests for enhanced personal well-being, a comprehensive portfolio of healthcare benefits has been and remains one of the most sought-after benefits.
Remote Work…the ability to work from home which became commonplace during the pandemic appears to have staying power. It remains to be seen whether the trend continues to grow or subsides to a lesser extent but for now, this is something most employees are seeking.
Flexible Work Schedule…the ability to balance work responsibilities with personal obligations and the care of children and elderly parents has made a flexible work schedule a valued benefit in the post-pandemic world.
Paid Family Leave…Citing the positive benefits on physical health, mental well-being, and stability for the entire family, workers are increasingly looking for companies that provide women with maternity leave and men with paternity leave.
Paid Time Off…employees continue to seek additional time off from work to reduce stress and recharge to maintain health and well-being. This actually has the potential to benefit employers in addition to the employee as the relaxation and clear mind attained through time off often leads to a higher level of employee morale and increased productivity.
The Huntingdon County Chamber of Commerce offers its members access to My Benefit Advisor as a solution for employee benefits, including voluntary offerings. For more information about My Benefit Advisor, visit our website at hccc.mybenefitadvisor.com or contact Craig Pritts at (800) 377-3539.
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Elected Officials Reception
Wednesday, April 12, 2023
5:00 to 7:00 p.m.
2023 Golf Tournament
July 26, 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
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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2023 Symposium May 2 and 3 2023 - Blair County
Convention Center
The Business Continuity and Preparedness Coalition (BCPC) for South Central Mountains Regional Task Force (Bedford, Blair, Centre, Fulton, Huntingdon, Juniata, Mifflin, Snyder) provides information and opportunities for business and community partners to prepare for all types of hazards.
You are invited to attend an upcoming Homeland Security Symposium – Tuesday and Wednesday May 2 and 3, 2023 - at the Blair County Convention Center, Convention Center Drive, Altoona, PA. 16602
They have many strong sessions that provide important information to help us be prepared for a potential disaster, before, it happens! Lessons learned from real life events that have occurred in the region or nationally will be featured, to help us enhance our preparation for future events.
This regional event might truly be a “life saver”.
It is offered at no cost to you.
Click here for the agenda for the 2023 Task Force Homeland Security Symposium, attached. A few sessions are still taking form and we are expecting an interesting and informative two-day event. You can attend one or both days as your schedule allows, just let us know so we can have an accurate meal count.
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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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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.
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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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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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Yvonne Martin
President/ CEO
Lorena LaGroue
Program Director
Phone: 814-643-1110
Fax: 814-643-1115
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