We also evaluated the compensation of our hourly employees and raised our minimum hourly rate to $14.00. Dollywood (Pigeon Forge, Tennessee) – $500 bonuses to employees: As Uncle Sam takes his cut today on those still filing their 2017 taxes, nearly 1,200 employees of Dollywood in Pigeon Forge, Tenn., are getting a tax-induced bonus today based upon cuts in the 2018 tax rate for the amusement park near the Great Smoky Mountains. 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. Armistead is a founding principal at Brentwood-based Armistead Arnold Pollard Real Estate Services LLC. “We greatly value all our very talented employees, and are always striving to do what is best for them and the surrounding community. Skip to main content For full functionality of our online services (like tab renewal, address change, renew your professional license, etc. This was the state’s second attempt to tax carbon emissions, and in the months leading up to the vote, an unusually wide swath of Washington society had turned out in support. A carbon tax raises substantial revenue. “The tax reform bill not only allows us to invest in our employees, but to accelerate lending to small businesses, increase hiring, and enhance our charitable giving. “The recent federal tax legislation will provide benefits to the company and will allow us to invest back into the business," said Mike McKee, president and CEO. NexTier Bank (Butler, Pennsylvania) – $1,000 bonuses for all employees; tuition reimbursement on job training; wage raises for hourly employees: NexTier Bank, N.A. “We wanted to create a durable wow effect,” Sweeney said. The genetic retinal disorder leads to blindness if untreated. In all, state collections declined just 4.4 percent through September compared to the first nine months of 2019, according to the Tax Foundation. Small businesses with thin margins will be forced to pass the costs on to consumers that will inevitably take their business elsewhere, leading to a further loss of revenue and layoffs. Lowe's --13,000 employees at 84 stores and two distribution centers in Pennsylvania. Necastro said money in the Opportunity Fund is considered an investment, not a donation.” – August 19th, 2019, Your Erie. “Investing in our employees allows us to attract and retain top talent, which directly correlates to sound operating and financial performance and a better return for our shareholders.” – February 14, 2018, Cadence Bancorporation press release excerpt. Those payments suck my working capital right out of my business quarter after quarter. That second tower could start as early as next year since demand for apartments remains strong, Sweeney said. The bottom 25% of wage earners experienced wage growth faster than the top 25% of wage earners. -- April 23, 2019 Nashville Business Journal article. Pike County Light & Power Company (Milford, Pennsylvania) - the utility will pass along tax reform savings to customers: The Pennsylvania Public Utility Commission (PUC) today issued an Order, requiring a “negative surcharge” or monthly credit on customer bills for 17 major electric, natural gas, and water and wastewater utilities, totaling more than $320-million per year. Results: 2018 State Ballot Initiatives. "I think there is a tremendous demand for apartments in the downtown," Donchez said. MVA said the company had three primary reasons for selecting Alta Vista: its proximity to Interstates 70, 76 and 376; having a shovel-ready site designated as a Keystone Opportunity Zone; and access to an industrial-based workforce. $2,500 per year (up from $700) for crew working 15 hours a week, $3,000 (up from $1,050) for managers, and more: Wells Fargo – 260 locations in Pennsylvania; raised base wage from $13.50 to $15.00 per hour; Nationlly, $400 million in charitable donations for 2018; $100 million increased capital investment over the next three years. “We were all surprised. -- April 2, 2019 Nashville Business Journal. Sundance Vacations president John Dowd cited two tax reform factors that he believes will positively impact company profits. In 2017, for the first time, we began offering our services outside the state via the Internet and today we are in 10 states other than Tennessee.“ – Tina Hodges, CEO and chief experience officer for Advance Financial, in a Jan. 5, 2018 Advance Financial press release. Climate control will be key. The various properties qualify for tax incentives via the federal opportunity zone program. 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. – May 17, 2018, Pennsylvania Public Utilities Commission Press Release. But voters in this progressive state roundly rejected … Search by address, zip plus four, or use the map to find the rate for a specific location. Gerald R. Ford School of Public Policy University of Michigan, Joe Biden wants to bring this tax back from the dead, February 23, 2018, Milwaukee Business Journal article excerpt, April 17, 2018, Rep. Jim Sensenbrenner article excerpt. – February 6, 2018, Tennessee Public Utility Commission Report excerpt. The Lofts is a luxury apartment complex on the edge of downtown Kingsport. Posted by John Kartch on Wednesday, January 13th, 2021, 8:57 AM "It checks almost every box in our wish list, and so now our team is excited to have closed on the property, and we are moving forward with fitting out the equipment and starting to hire people," said Todd Vonderheid of Custom Container Solutions. ", ANB has 18 branches in Amarillo, Canyon, Borger and Lubbock. My opinion, in brief, is that it would be the best approach in the world so far. The company did not elaborate on how much will be allocated to those investments or the size of the wage increases. Ryder (Twenty-eight locations in Pennsylvania) – Tax reform bonuses for employees. Fans of the city's last cinema house hoped the charming theater might be saved when developer Charles C. Jefferson bought the property in January 2016 for $1.35 million. The land is two blocks from Buchanan Street, home to Slim & Husky's Pizza Beeria, which has become a landmark on what is one of the commercial gateways in the historically black neighborhood. April 17, 2018 Tax Talk Roundtable, Dave Manning, President of TCW Inc. February 6, 2018, Tennessee Public Utility Commission Report excerpt, August 12, 2019 Chattanooga Times Free Press article, April 12, 2018 Chattanoogan.com news article excerpt, Jan. 5, 2018 Advance Financial press release, 8,000 employees at 60 stores and three distribution centers in Tennessee, National Fuel Gas Distribution Corporation, August 9, 2018, YourErie.com article excerpt, February 1, 2020 Pittsburgh Tribune-Review article, May 7, 2018, American Banker article excerpt, February 14, 2019 The Express-Times article, April 12, 2019 Philadelphia Inquirer article, November 1, 2019, Pittsburgh Post-Gazette, April 23, 2020 Philadelphia Business Journal article, May 30, 2019 Philadelphia Inquirer article, June 11, 2019 Philadelphia Business Journal article, September 21, 2019 The Times-Tribune article, Cranston Material Handling Equipment Corp, August 17, 2018, Centric Financial Corporation, Inc. press release, Dec. 22, 2017 American Bank press release, Pennsylvania Public Utilities Commission Press Release, Peoples Natural Gas Company LLC-Equitable Division, Pennsylvania-American Water Company-Wastewater, Feb. 1, 2018 Beneficial Bancorp Inc. press release, Jan. 5, 2018 Customers Bank press release, Feb. 16 Kraft Heinz statement by David Knopf, CFO, Feb. 5 2018, Pittsburgh Post-Gazette article excerpt, 13,000 employees at 84 stores and two distribution centers in Pennsylvania, Pennsylvania Can't Afford Biden's Tax Increases, Biden Pick Marty Walsh is Big Labor’s Top Choice To Lead DOL, To Sell Tax Increases, Team Biden Tries to Rewrite Pre-Pandemic Economic History, Tax Relief A Top Priority for Governor Ducey, Cuomo Calls for Federal Income Tax Hikes to Bail Out NY, Norquist Urges Biden to Oppose Digital Services Taxes, Free Market Groups Ask Congress to Rescind FCC Privacy Rules, ATR Submits Comments on FHFA’s Capital Rule. Somera Road bought the land from the entity 4th Avenue South Ventures G.P. A source familiar with the deal confirmed the tenant was Spark. “We decided to keep this a tightly-guarded secret to make it more fun and impactful,” said Debbie McKee-Fowler, executive vice president. Sewickley Spa (Sewickley, Pennsylvania ) -- Pay raises; increased capital expenditures: For the past decade, Sewickley Spa’s 13 employees didn’t receive annual raises. And the Public Utility Commission of Texas, the agency that regulates the operations of electricity-distribution companies like Oncor, made sure to cover the possibility of a tax cut. President-elect Joe Biden has announced a $1.9 trillion COVID relief plan. Obviously, we’re all pretty happy around here,” stated Hickman. "We're not making deals make sense because it's in an Opportunity Zone. Velia Bojorquez, manager of the North Guadalupe Street store, said the company had mentioned the bonuses would be coming but didn’t give an exact date of when workers could expect them. If this tax relief went away and our taxes did go up 400%, we couldn’t grow our labor force in the same way. 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. Comcast (Multiple locations in Tennessee) -- $1,000 bonuses. The poverty rate declined to 10.5%, the lowest rate in decades. Tennessee is benefiting greatly from the Tax Cuts and Jobs Act enacted by Republicans in 2017: 467,290 Tennessee households are benefiting from the TCJA’s doubling of the child tax credit. CEO Edward E. Shin stated, "We are pleased to have the opportunity to reward employees with salary increases and bonuses thanks to these tax cuts. "We are very excited," said John Ruane, Giant Food Stores chief merchandising officer. Biden’s plan calls for a $350 billion bailout for state and local governments, funding which is entirely unnecessary. We are currently working on updating the functionality, streamlining the model and adding new features. Left-leaning groups that opposed the measure said they support climate action, but I-732 was a "false solution" that would hurt the poor. “It makes sense for us to share the benefits of tax reform, and we’re very pleased to be able to give back to our communities and employees.”. NeCastro has announced that the company will share those benefits with its employees by giving a $1,000 cash bonus to permanent full-and part-time employees. FedEx (Multiple locations in Texas) – Accelerated and increased compensation; pension plan contributions: “FedEx Corporation is announcing three major programs today following the recently enacted U.S. Tax Cuts and Jobs Act: FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States. is building a leading alternative asset management firm with Opportunity Zone investing as a core initial focus. -- October 21, 2019 ABC 16 article. ", Congress approved tax reform legislation that reduced the corporate tax rate from 35% to 21%. Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. U-Haul (Multiple locations in Pennsylvania) – $1,200 bonuses for full-time employees, $500 for part-time employees. It’s a win-win,” continued Rosenberger. His efforts are a key part of rebuilding and sustaining a healthier manufacturing climate in Pennsylvania and across the United States.” -- August 6, 2018 NAM Shopfloor Blog. 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. The next two projects Brandywine will focus on involve securing anchor tenants to fill one-third of a proposed 800,000-square-foot office tower and constructing a building that will have 325 apartments and creative office space. Robinson Meyer November 7, 2018. Washington state lawmakers proposed a measure on Thursday to limit carbon pollution that would be the nation's first if passed. Bank of America (Multiple locations in Tennessee) -- Tennessee-based employees of Bank of America will receive $1,000 bonuses. If implemented, this proposal would cost jobs across the country. This just makes it even more local for us. What he plans to do that is to save that and take his family on a vacation that he wouldn’t have been able to do otherwise without that.” - April 17, 2018 Tax Talk Roundtable, Dave Manning, President of TCW Inc. Chattanooga Gas Company (Chattanooga, Tennessee) – The utility will pass along tax cut savings to customers: During the Conference, the Commissioners voted unanimously to require Atmos Energy Corporation ("Atmos Energy"), Chattanooga Gas Company ("Chattanooga Gas"), Kingsport Power Company d/b/a AEP Appalachian Power ("Kingsport Power"), Piedmont Natural Gas Company ("Piedmont Natural Gas"), and Tennessee American Water Company ("Tennessee American Water"), to immediately apply deferred accounting treatment, specifically described herein, with respect to the impact of the lowering of the federal corporate income tax rate and to require the named public utilities to provide to the Commission no later than March 31, 2018, the amounts deferred and a proposal to reduce rates or otherwise make adjustments to account for the tax benefits resulting from the 2017 Tax Cuts and Jobs Act, Pub. The Company expects to continue to benefit from the 2017 Tax Act going forward, primarily due to the lower U.S. corporate income tax rate. The building will have 419,000 square feet split between office and apartment space. Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. That’s what I think is huge,” Tatum said. Washington is a deep blue state where Trump got less than 37% of the vote in 2016. “It feels like the government wants to see small business succeed and it’s like a breath of fresh air into a very stale climate.” -- Feb. 5 2018, Pittsburgh Post-Gazette article excerpt. Trump’s deregulation policies also are having a “trickle-down” effect that helps small entrepreneurs, Thomas said.” -- Aug. 29, 2019 Dallas Morning News article. Currently, Jefferson's company Jefferson-Werner LLC is working with Lehigh University to renovate the former Lehigh Valley Cold Storage building, 321 Adams St. in South Bethlehem, into 30 market-rate apartments, a retail space and courtyard. One-time cash bonuses of $1,000 had appeared that morning by direct deposit in the bank accounts of all full-time, non-executive Allsup’s employees who have been with the company at least one full calendar year. The old manufacturing plant in Milton Industrial Park will be up and running next year. The new multifamily property is being developed by longtime client VITA Development Group, Inc., and will be located within the bounds of Sevier County, one of Tennessee's designated opportunity zone census tracts. As for 3000 Market, Brandywine said in a first-quarter conference call with analysts on Thursday that the redevelopment of it into a life sciences building will begin once Pennsylvania lifts a ban on construction projects. Every income group in every Pennsylvania congressional district received a tax cut. A $15 minimum wage has repeatedly failed at the state level. “Our commitment to education reinforces our ongoing support of the people who play a crucial role in our journey to build a better McDonald’s,” said Steve Easterbrook, McDonald’s President and CEO. Carl Ferraro,township administrator, said officials with Seokoh Inc. advised him they want to begin excavation work before winter. cosmetics company is expected to soon break ground on a $27.9 million expansion that's estimated to create at least 280 new jobs in the next three years, a township official said Friday. The carbon tax that Washington voters rejected was designed to levy $25 per metric ton of carbon by 2018, ramping up over 40 years to $100. Atlas Real Estate Partners  (Nashville, Tennessee) -- The real estate company is building a mixed-use space which will include apartments, retail, and office space, located in an Opportunity Zone created by the Tax Cuts and Jobs Act: Details are emerging regarding a mixed-use project two local real estate investors and developers are planning for Wedgewood-Houston, with the three-building development to include 314 residential units and 25,000 square feet of retail and/or office space. Kris Tatum, president of the Tennessee Distillers Guild and partner/general manager at Old Forge Distillery in Pigeon Forge, said members of the guild are “ecstatic” to save money on taxes and reinvest in their businesses. The property consists of the theater, which has an orchestra pit and dressing rooms backstage, five storefronts, 10,000 square feet of office space and a onetime nightclub below street level. At this time, we are not commenting further on what space or locations are being considered.". Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows. PERMALINK The theater closed following heavy rains in May 2011. Jefferson has shared conceptual designs with the city and the mayor is quite pleased with the proposed mixed use. "That's not just Bethlehem, if you look at Allentown and Easton, too.". Sundance Vacations (Wilkes-Barre, Pennsylvania) -- $125,000 in employee tax reform bonuses: "Sundance Vacations announced a decision to award bonuses to its employees based on the GOP tax reform bill that was recently signed into law by President Trump. Maybe Blue States Won’t Take Serious Action on Climate Change Robinson Meyer. "It brings a little density to that area, but it will be very thoughtfully done.". Employees will receive bonuses of up to $1,000 based on length of service, for 260,000 employees; expanded benefits and maternity/parental leave; $5,000 of adoption assistance. Comfort Inn (Mechanicsburg , Pennsylvania) (Neema Hospitality Franchise) - Acquired hotel, renovations: $400,000 investment in renovation and upgrades due to tax reform - August 3, 2018, phone call with Americans for Tax Reform. Eastman Chemical (Kingsport, Tennessee) - Investing in innovation programs, increased capital expenditures to expand manufacturing: Kingsport, Tenn.-based Eastman Chemical said it was investing savings in research and development, innovation programs and capital projects to expand manufacturing. in real life to make progress in the game. The increased competitiveness from productivity gains resulted in growth, and not a reduction in our labor force. Opportunity Zones just happen to be a benefit years down the road." Frontier plans to have a workforce of 20-plus, with room to expand. Bobrick Washroom Equipment Inc. (Jackson, Tennessee) -- The company used savings from the Tax Cuts and Jobs Act to hire more employees: Bobrick Washroom Equipment, Inc., a manufacturer of restroom accessories for non-residential buildings, is creating new jobs in the U.S. by expanding its toilet partition product line production in Tennessee. This proposal should be rejected by Congress. But voters in this progressive state roundly rejected … Please contact the firm at ir@ozcm.io. “I’m going to help my family and pay some bills.” – March 15, 2018 Santa Fe New Mexican. “I’m going to help my family,” Villatoro said. Since the beginning of 2017, Bobrick has increased its workforce by more than 30 percent, and the company plans to hire more workers in the coming months. These enhancements underscore McDonald’s and its independent franchisees’ commitment to providing jobs that fit around the lives of restaurant employees so they may pursue their education and career ambitions. 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