A state analysis estimated the carbon tax could cost the state about $800 million in lost revenues over the first six fiscal years, though sponsors disputed that. It did not say how many of its employees received a bonus this week. Ballot measures to enact the nation’s first statewide carbon tax were rejected by Washington State voters in both 2016 and 2018, the same elections that Evergreen State … Photo courtesy of the Department of Energy. Government-mandated lockdowns forced hundreds of thousands of businesses to close their doors and kicked millions of Americans out of work. Congress should reject this harmful proposal wherever it appears. – December 21, 2018, Comcast release excerpt. Webco Industries Inc. (Orange, Texas) – Up to $2,000 bonuses: Webco says each employee was given $1,000 if they've been there for a year or more. Two floors would front onto East Broad Street with about eight to the rear, including lower level parking and retail topped with apartments. The announcement and disbursements of checks coincided with the company’s routine, yearly Spring Report Meetings, where all employees are invited to hear an update on the company from leadership. WinnDevelopment (Jersey City, New Jersey) -- The company announced they are building affordable housing units in an Opportunity Zone created by the Tax Cuts and Jobs Act: One building was the old Liberty Hotel, built on Baltic Avenue in 1924 and listed in a 1950s “Green Book” of places welcoming to black travelers, one of 27 in Atlantic City. Corporation. -- November 22, 2019 DonFenley.Com article. Southern Properties LLC (Memphis, Tennessee) -- The company will be building 247 apartment units and 72 single-family homes in an Opportunity Zone created by the Tax Cuts and Jobs Act: Bob Turner's plan to build a mixed-use community for seniors in Millington vanished with the Great Recession. In order to further our investment in Philadelphia and accommodate our expected growth, Spark is working with Roche to assess opportunities to expand our footprint within the city. Clay Street Commons (Nashville, Tennessee) -- The group is building 60 apartments along with retail space, in an Opportunity Zone created by the Tax Cuts and Jobs Act: A trio of developers has paid $2.3 million for land in North Nashville, where they aim to build 60 apartments and some retail space. McDonald’s (1,200+ locations in Texas) – Increased tuition investments which will provide educational program access for 400,000 U.S. employees. Under this program, investors and developers who place unrealized capital gains into dedicated opportunity funds are eligible to receive incentives in the form of lower or deferred capital gains taxes. Nationally, 8,000 new retail jobs; an additional wage increase this year, totaling approximately $120 million in wage increases, increased sick time benefits and parental leave. NexTier’s employees work hard to meet the needs of our customers, build relationships, and give back to the communities we serve. Ross said he had been evaluating the prospective purchase before the government finalized its list of Opportunity Zones. Lowe's --13,000 employees at 84 stores and two distribution centers in Pennsylvania. It will also have 9,000 square feet of retail space and covered parking. The company is currently based in New Stanton, but wants to construct its new headquarters in Alta Vista. But the measure was also opposed by several progressive advocacy groups and even environmental groups.In the end, the measure received … “I’m going to help my family and pay some bills.” – March 15, 2018 Santa Fe New Mexican. --. An affiliate of Brierhill Capital paid $4.5 million for the land in February. “These truck drivers have such an important job, Ozark makes it a priority to reward them for it.” – April 30, 2018 TheTrucker.com article excerpt. “It says a lot about our collective vision,” he said. “There has been no slowdown of activity with life science tenants,” Sweeney said. In addition to the new facilities, Seokoh will renovate its existing plant and purchase new equipment. Voters in Washington State rejected a controversial ballot initiative Tuesday that would have created the country’s first tax on carbon, a critical tool to combat global warming. The proposed tax on carbon emissions from fossil fuels such as coal and gasoline would have been the first in the U.S., and sponsors hoped it would serve as a model for actions across the country. Congress has already provided trillions of dollars to individuals, small businesses, hospitals, and state and local governments, including the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act and the recently passed $900 billion relief bill attached to the December government funding bill. Plans call for a building that would house corporate offices, a repair and maintenance facility and about 11,000 square feet of operating space. Look up a tax rate on the go As of January, Cranston has focused on expanding into a new product line. Iovance (Philadelphia, Pennsylvania) -- The cancer therapy firm is building an office and laboratory complex in an Opportunity Zone created by the Tax Cuts and Jobs Act: Cancer-therapy firm Iovance Biotherapeutics Inc. plans to open a sprawling office and laboratory complex in South Philadelphia’s Navy Yard complex, adding to the city’s growing clout as a biotechnology research-and-development hub. "We've been doing business with BrightFarms for many years. Fifty-six percent of those voting in Washington’s midterm elections said no to a referendum that would have made the state the first in the nation to tax carbon dioxide emissions and the first government anywhere to impose the tax through a direct … It’s an honor to reward them for their efforts,” stated CEO, Clem Rosenberger. Nationally, 8,000 new retail jobs, an additional wage increase this year, totaling approximately $120 million in wage increases, increased sick time benefits, and parental leave. Businesses that have been shuttered temporarily may decide not to reopen at all in the face of a $15 minimum wage. Cranston Material Handling Equipment Corp. (McKees Rocks, Pennsylvania) – Because of the Tax Cuts and Jobs Act, the company was able to purchase new equipment, build a new website, and invest in training: As president of the western Pennsylvania company, Cranston was there to discuss the benefits of the Tax Cuts and Jobs Act for small business. A source familiar with the deal confirmed the tenant was Spark. Chipotle Mexican Grill (Multiple locations in Texas) – Bonuses ranging from $250 to $1,000; increased employee benefits; $50 million investment in existing restaurants. – Texas Capital Bank press release. This is Somera Road's first investment in Wedgewood-Houston, after making its local debut by purchasing two buildings in the Gulch from Nashville's Gibson Guitar Corp. Ohio-based entertainment concept Pins Mechanical Co. is moving into one of those buildings. The Sundance bonuses will total over $125,000. As we celebrate the holiday season and prepare to close out another year of growth at American Bank, the Board of Directors and senior management want to give back to our team members who are directly responsible for our success.”, Mr. Jaindl continued, “We expect the actions taken by Congress and the President will have a material positive impact on growth throughout the country. Noah Bank intends to pay out the bonuses on February 8.” – Feb. 2 2018, Noah Bank press release. Biden’s $400-per week unemployment would prolong the economic downturn by creating a disincentive for workers to return to work and will unnecessarily drive up unemployment rates. A few weeks ago a friend sent an e-mail asking my opinion about I -732, a proposed Washington State carbon tax that would use most of the funds to reduce the sales tax. The various properties qualify for tax incentives via the federal opportunity zone program. Carl Ferraro,township administrator, said officials with Seokoh Inc. advised him they want to begin excavation work before winter. TCW Inc. (Nashville, Tennessee) - Purchasing new equipment, increasing wages, growing health insurance plans: So the fact that we were able to depreciate that equipment we had $1.2 million reduction in our tax bill…we took that 1.2 and invested in wages for our drivers about $3,000 per driver per year that they got as a result of that. Business Performance Advisors and Business Performance Consultants with hire dates 02/02/2018 or before, Below is the overview for the bonus payout, Hire Date                                        Payout, 12/31/2015 or before                      $4,000, 01/01/2016 to 12/31/2016              $3,000, 05/01/2016 to 09/30/2017              $2,000, 10/01/2017 to 02/07/2018              $1,000. Hiring additional team members in business development and commercial lending to expand upon the positive, pro-growth relationships with small businesses in the Bank's market areas, and meet the increased lending demand from economic optimism and business growth. Drexel Square was built on a dingy surface parking lot that was the first impression of University City for the millions of people who use 30th Street Station each year; in that way, Drexel Square is an initial step to alter perceptions. It is the bridge between Main Street and a significant residential area." Providing raises to employees who are near entry-level wages, resulting in a 6% increase. What Went Wrong? She welcomes the federal tax changes because she expects them to translate to savings she can pump back into spending for new equipment and at least two more employees. The company is currently headquartered nearby in University City. Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows. The company also plans to provide an additional week of pay in 2018 to employees, who are not participants in other variable-award plans. The company has queued up what it refers to as its West Tower that will have housing and office space and is working with a Qualified Opportunity Zone equity partner on that project. The investment, made on behalf of and alongside entrepreneurs, institutional investors, family offices, finance executives and technology leaders, will go towards constructing a 160-unit, 310 bed multifamily community at the historic Kerns Bakery Site. "Our campaign all along said, 'We're going to take a swing at the ball,' and we did that. “My staff needed a morale booster,” said Ms. Andreas. The Lakeland School District and Lackawanna County commissioners approved that extension last year. -- March 13, 2020 Daily Local article. The curious death of Initiative 1631 and what it says about the future of addressing climate change. Sundance Vacations president John Dowd cited two tax reform factors that he believes will positively impact company profits. "We do use some artificial light and we use shades when we need shade.". Apple (There are nine Apple store locations in PA: Ardmore, King of Prussia, Lancaster, Philadelphia, Whitehall, Willow Grove, and three locations in Pittsburgh) -- $2,500 employee bonuses in the form of restricted stock units; nationally, $30 billion in additional capital expenditures. Pay raises, bonus increases, pension plan increases, and at least $1.5 billion in capital expenditures: FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States. Corporation (Pittsburgh, Pennsylvania) – extra 401(k) contributions to employees totaling $1 million; base wage raised to $15 per hour; increased charitable donations: F.N.B. But, the federal government has also helped him out with this. Moving forward, these funds will be utilized to support causes within its service area. And they approved a ballot measure to block local governments from imposing new taxes on soda or grocery items. Additionally, the PUC will consider the effects of federal tax reform on seven other public utilities as part of the investigations for rate cases which have already been filed or are expected to be filed by Aug. 1, 2018. "The carbon tax is gasoline tax plus a tax on home heating and air conditioning. The company employs 1,200 in Middle Tennessee. In the same election in which Washington State voters awarded their state… -- February 14, 2019 The Express-Times article. Last Tuesday, Washington State voters rejected a ballot initiative that would have created the first carbon tax in the United States. The Congressional Budget Office has found a $15 minimum wage would cost 1.3 million jobs, while other studies have found over 2 million jobs would be lost. Washington state lawmakers proposed a measure on Thursday to limit carbon pollution that would be the nation's first if passed. Frontier Railroad Services LLC has purchased a 4.6-acre lot, according to a news release issued Thursday by Mon Valley Alliance, the nonprofit owner of the 256-acre park in Fallowfield Township. The developer estimates that construction could start this fall, but no plans have been filed with the city. Based in Menlo Park, the firm seeks to create jobs and stimulate economic growth, while also protecting and growing investor capital. President Michelle Bachelet of Chile enacted new environmental tax legislation on Friday making the country the first in South America to tax carbon dioxide (CO2) emissions. "This was one really exciting option, but there are plenty of other things we could be doing.". Therefore, we are not only growing the company, but we’re also developing our workforce with higher-level skills and pay.”. -- Jan. 2 2018, Fidelity Bank press release. The company has made no change to its fiscal 2018 earnings or capital expenditure guidance as issued on December 19, 2017 as a result of these actions.” – Jan. 26 2018, FedEx press release. For additional information, please visit OZCM's website at www.ozcm.io. (Those developers just revealed plans for another such project in the neighborhood, featuring the iconic guitar-shaped scoreboard from the old Greer Stadium). Lower utility bills: As a direct result of the TCJA’s corporate tax rate cut, Pennsylvania residents are saving money on utility bills. The Herman Street project is the first in the Opportunity Zone fund that Alpha Capital Partners created last fall (with a target of raising $250 million from investors, according to regulatory filings). This is the last thing American workers and small businesses need as the economy attempts to recover from the COVID-19 pandemic. “Bobrick is a great example of a global company relocating manufacturing from international operations to be closer and more responsive to domestic markets,” said Bobrick President Mark Louchheim. Established by Congress in the Tax Cuts and Jobs Act of 2017, opportunity zones are a new, nationwide community investment tool that encourages long-term investments in designated low-income areas. $2,500 per year (up from $700) for crew working 15 hours a week, $3,000 (up from $1,050) for managers, and more: McDonald’s Corporation today announced it will allocate $150 million over five years to its global Archways to Opportunity education program. ", John Easoz, chairman of the MVA board, said in a statement: "We are pleased to welcome a regional asset such as Frontier to Alta Vista. The proposed tax on carbon emissions from fossil fuels such as coal and gasoline would have … In areas where some businesses were allowed to reopen under onerous government restrictions, Nancy Pelosi’s $600-per-week unemployment expansion discouraged Americans from going back to work, as 68 percent of Americans got paid more on unemployment than in the workplace. For example, Chattanooga Gas Company, Piedmont Natural Gas Company, and Tennessee American Water Company (see below) all passed along tax reform savings to their customers. Spark Therapeutics will occupy office and lab space in that structure and will be fully moved in by the end of the year. Cintas Corporation (Multiple locations in Pennsylvania) -- $1,000 bonuses for employees of at least a year, $500 bonuses for employees of less than a year. –  November, 2019, Governance Project. In 2018, Spark received a $2 million grant from the Pennsylvania Department of Community and Economic Development and a $7.5 million grant from the Redevelopment Assistance Capital Program to add 500 new jobs over the next five years. “I think it’s going to be the most interesting building ever built in Philadelphia.”, Blumenfeld’s other projects in the area include the recently completed Metropolitan Opera House concert venue and the Divine Lorraine apartments. “State regulators Monday approved rate changes by the Tennessee American Water Co., which should cut the typical water bill by more than 3% and save the average residential water customer in Chattanooga about 84 cents a month, effective immediately. Correction appended. 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