Governor Wolf Announces Business Investments Through Pennsylvania Industrial Development Authority, Supporting 185 Jobs

first_imgGovernor Wolf Announces Business Investments Through Pennsylvania Industrial Development Authority, Supporting 185 Jobs Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that new statewide investments through the Pennsylvania Industrial Development Authority (PIDA) program will help spur development in the commonwealth and create and retain 185 jobs.“From the nation’s oldest family-owned candy maker to a company whose security services protect our schools, this month’s PIDA loan approvals provide funding to support projects from a variety of fields that will contribute to their ability to grow and maintain successful operations,” said Governor Wolf. “In addition, these projects will create and retain 185 new jobs across the commonwealth that will further contribute to Pennsylvania’s economic stability.”In 2017, PIDA has approved $12.4 million in low-interest loans that have resulted in $20.4 million in private investment and supported 240 created and retained full-time jobs.Over the last month PIDA approved $1.87 million in low-interest loans for four projects in Beaver, Bucks, Lancaster, and Mifflin counties that will generate nearly $3.4 million in private investments.The following loans were approved over the last month:Beaver CountyThe Beaver County Corporation for Economic Development was awarded a $400,000, 10-year loan at 3 percent on behalf of Creekside Springs, LLC for the purchase of machinery and equipment for the expansion of its production lines at its facility at 100 Blockhouse Run Road, New Brighton. The company is a private label and contract packager of water-based beverages serving large supermarkets, specialty retailers, and food service distributors. The total project cost is estimated to be $1.45 million. It will create two new jobs and retain 20 existing positions.Bucks CountyThe Bucks County Economic Development Corporation was awarded a $600,000, 15-year loan at 2.25 percent for the first seven years on behalf of Access Security Corp. for the acquisition and renovation of a 20,000-square-foot building on 1.5 acres located at 1025 Thomas Drive, Warminster. The company is a provider of integrated security services for commercial customers, including school districts, colleges and universities, and large health facilities. The total project cost is estimated to be $1,889,000. It will create two new jobs and retain 21 existing positions.Lancaster CountyThe EDC Finance Corporation was awarded a $720,000, 15-year loan at 3 percent for the first seven years on behalf of RLB ventures, Inc. d/b/a Bench Dogs for the acquisition of a 30,400-square-foot building on 2.17 acres located at 68 Denver Road, Denver. The company offers design and engineering services for customers’ marketing infrastructure and manufactures store fixtures, point of purchase displays, and custom commercial casework. The total project cost is estimated to be $1.6 million. It will create five new jobs and retain 55 existing positions.Mifflin CountyThe Mifflin County Industrial Development Corporation was awarded a $150,000, 15-year loan at 2.25 percent for the first seven years for the renovation of two buildings totaling 113,000 square feet located within the MCIDC Business Center at 19 East Susquehanna Street, Lewistown.  The facility houses Asher’s Chocolates which is the oldest family-owned candy maker in the United States, manufacturing various types of chocolate covered candies. The total project cost is estimated to be $300,000. It will create five new jobs and retain 75 existing positions with Asher’s Chocolates.PIDA is an independent authority staffed and regulated through the Department of Community and Economic Development. The Authority provides capital for building acquisition, construction and renovation work, machinery and equipment loans along with working capital line of credit loans, primarily for manufacturers, industrial developers, research and development firms, agricultural processors and employers looking to establish national or regional headquarters in Pennsylvania.Qualified applicants are eligible to select either a reset rate of 3 percent for the first seven years or a fixed rate of 4 percent for real estate financing, 4 percent fixed rate for equipment loans, 4 percent fixed rate loans for a 12-month period for working capital and accounts receivable lines of credit, and 2 percent fixed rate for pollution prevention and energy efficient loans. Rates will be in effect for loan applications received through March 31, 2017.For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov. SHARE Email Facebook Twittercenter_img March 01, 2017last_img read more

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Funding at Dutch schemes suddenly drops as deadline approaches

first_imgA 2.5% loss on equities – following a 1.4% decrease on the MSCI World index and a 3.4% loss on the MSCI Europe Index – has caused funding to drop by another 0.75 percentage points, according to Van Ek.He further noted that the official discount rate for liabilities dropped slightly, at the expense of up to 0.25 percentage points of the average funding.The recent developments do not bode well for pension funds, with an average funding of 104.3%, approximately the minimum required level.Last week, the €48bn metal scheme PMT said its coverage might end up a couple of dozen basis points short of the legal minimum.A marginal difference would likely complicate a decision regarding cuts, as it would further undermine the support for the pension fund among its participants, it argued.Based on an average funding of 110% at the end of last month, Aon Hewitt predicted that as many as 37 pension funds were facing rights cuts.For example, at November-end, funding at the €355m Pension Fund Campagne and the €1.2bn occupational pension fund for public pharmacists (SPOA) was 97% and 102.1%, respectively.The industry-wide schemes for hairdressers (Kappers) and dental technicians (Tandtechniek) reported coverage ratios of 103.8% and 102.9%, respectively, at the end of October.Aon Hewitt’s ‘pensions thermometer’ indicated an average funding of 109% on Monday, after a low of 108% last Thursday. Dutch pension funds’ average coverage ratio has dropped suddenly by 1.5 percentage points to between 108% and 109% since the start of December, according to Mercer and Aon Hewitt.The status of year-end funding is crucial for the question of whether pension funds must cut pension rights next year, following the expiration of their five-year recovery plans.Dennis van Ek, actuary and principal at Mercer, attributed the sudden drop to a combination of widening swap rates and negative returns on equities.“The 30-year swap rate has increased from 2.61% to 2.69%, causing a funding loss of more than 0.5 percentage points, as a consequence of the discount method for liabilities, based on the three-month average of the forward curve,” he said.last_img read more

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Fleming first in 100th Empire State Series event, Cornell captures crown

first_imgKIRKWOOD, N.Y. (Nov. 8) – Chris Fleming and James Cornell both had reasons to celebrate following Saturday’s Friesen Chevrolet Empire State Series feature at Five Mile Point Speedway. Fleming topped the final feature for touring IMCA Xtreme Motor Sports Modifieds of the season, earning $600 for his efforts during the National Quarter Mile Dirt Track Champion­ship Weekend show. His first-ever win at Kirkwood, third tour checkers of the season and fifth overall came in the 100th IMCA Empire State Series event. The checkers were also the 30th this year for Fleming, the two-time defending Dirt Works Eastern Region champion. Cornell, meanwhile, ran second and secured the series championship. He’s the ninth different driver to win the title in the tour’s 13-year history.K.C. Cole drew the pole. Fleming started fifth after overcoming mechanical issues in his heat and took the lead on lap five.Cornell pulled alongside near midway in the 25-lapper before Fleming pulled ahead and moved up a line. He won by a couple car lengths in a green, white, checkered finish. “We broke the pull bar mount on the rear end housing and had to weld that back together after our heat. I didn’t think we’d be able to win the feature,” Fleming admitted. “But I was surprised how good the car was right from the drop of the green.” He was less than enthused about the late-race yellow. “I was already nervous but I hit my marks and brought it home,” Fleming said. “I’ve got heat race wins and a bunch of seconds and a bunch of thirds at Five Mile Point. It was pretty neat to get my first win there.”Gary Roberts, Cole and Keith Lamphere completed the top five.The 2014 series finale had been postponed from Nov. 1. Feature results – 1. Chris Fleming; 2. James Cornell; 3. Gary Roberts; 4. K.C. Cole; 5. Keith Lamphere; 6. Gary Smith; 7. Ken Buck; 8. Matt Cole; 9. Dan Burman; 10. Kurt Decker; 11. Bob Maynard; 12. Tony Harris; 13. Tyler Stoddard. Friesen Chevrolet Empire State Series top 20 point standings – 1. James Cornell, Port Crane, 349; 2. Gary Roberts, Afton, 328 (one win and one second-place finish); 3. Gary Smith, Harpursville, 328 (one win and one third-place finish); 4. Chris Fleming, Union Springs, 319; 5. Matt Cole, Binghamton, 314; 6. Keith Jack Lamphere, Monroeton, Pa., 291; 7. Tyler Stoddard, Binghamton, 254; 8. Michael Stoddard, Binghamton, 240; 9. Kurt Decker, Nineveh, 180; 10. Jared Spalding, Troy, Pa., 179; 11. Ken Buck, Canton, Pa., 171; 12. Will Ward, Cobleskill, 170; 13. Billy Ward, Cobleskill, 167; 14. Bumps Scutt, Cortland, 157; 15. K.C. Cole, Conklin, 150; 16. Craig Ward, Owego, 129; 17. Brad Smith, Columbia Cross Roads, Pa., 127; 18. Dan Burman, Bing­hamton, 119; 19. Michael Butler, Richmondville, 86; 20. Rich Keller, Clay, 79.last_img read more

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Northern Ireland’s wait for win continues

first_img Jim Magilton’s side remain winless after four Euro 2017 qualifiers, but came within eight minutes of frustrating their high-profile hosts. Bordeaux forward Crivelli converted a pass from Georges-Kevin N’Koudou to grab the points for Les Bleus, who now have nine points from a possible 12. Press Association Enzo Crivelli scored a late winner as Northern Ireland Under-21s were narrowly beaten by their French counterparts in Guingamp.center_img Magilton was bolstered by the return of Ryan McLaughlin and Luke McCullough from Michael O’Neill’s senior squad, the latter captaining the side. France were the dominant force in the match, totalling 16 attempts on goal and eight on target, but Conor Brennan did well to keep the score down. Sebastien Haller, Adrien Rabiot and Corentin Tolisson were all denied by the Kilmarnock stopper, but Northern Ireland’s hopes of draw crumbled when substitute Crivelli netted in the 82nd minute. Rabiot hit the woodwork two minutes from time and Shay McCartan saw his side’s only serious attempt saved. last_img read more

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NAMILCO Under-17 football kicks off Sunday in Essequibo

first_imgTHE NATIONAL Milling Company (NAMILCO)-sponsored Under-17 countrywide football competition will kick off in Essequibo on Sunday with various matches.The competition is being played in collaboration with the Guyana Football Federation (GFF) and will have eight teams – Henrietta, Charity, Capoey, Dartmouth, Mainstay, Queenstown, Wakapoa and Good Hope competing for supremacy.In the scheduled matches billed for the opening, Mainstay will host Henrietta, Capoey and Good Hope will compete at the Anna Regina Community Centre (ARCC) ground, Queenstown at home to Dartmouth while Wakapoa will travel to Charity for their game.Matches will continue every weekend, with the winners qualifying to compete nationally with the other teams from across the country.A formal ceremony will be held at the ARCC ground where executive members from the EFA will address the participants and declare the competition open.last_img read more

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Lagos State JOF U-13 Football Championship Kicks Off

first_img“Our chairman extends his felicitations to all the young boys who have formed themselves into football clubs, their coaches, managers, parents and supporters. We are aware that to take part in this competition, the football teams have been training hard and we look forward to watching the eliminating matches before the final,” said Adetunji.He revealed that the company is putting the sum of N3.5 million as total sponsorship packaged out of which the sum of N500, 000 will be given out as prize monies.“The champion will take home the sum of N200, 000 while the first and second runners will pocket N150, 000 and N100, 000. The fourth position will get N50, 000.“In addition to the team cash prizes with trophies, we have also made provision for additional cash and gifts for those individual players who will distinguish themselves during the tournament, such as the golden glove winner for the best goalkeeper, the Most Valuable Player (MVP) and the highest goal scorer of the tournament,” he said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Evans Square playground, Ebute Metta will be agog from today as the maiden edition of Lagos State JOF U-13 Football Tournament kicks off.The grassroots youth football competition is sponsored by JOF Nigeria Limited, an integrated logistics services provider with subsidiaries in properties and investments portfolios.While unveiling the tournament in Lagos, the General Manager, Strategic and Support Services of JOF Nigeria Ltd, Mr. Adeyinka Adetunji said the company was proud to be part of a unique event designed to develop the God-given talent of Nigerian youths.last_img read more

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Obaseki Inaugurates National Sports Festival Secretariat

first_imgAdibe Emenyonu in Benin CityAhead of the 20th edition of the National Sports Festival to be hosted by Edo State in March this year, the state’s Governor, Mr. Godwin Obaseki, yesterday, inaugurated the secretariat complex for the festivalThe Secretariat is located within the Edo State Government House in Benin City and would serve as the coordinating venue for the competition, which holds in different venues across the state. Addressing journalists after inaugurating the complex, Obaseki described the edifice as a world-class office with conducive environment for work.He said the campaign for the National Sports Festival would commence in a week’s time, as President Muhammadu Buhari is scheduled to receive the torch of the game by the end of the month.Obaseki said the physical infrastructure needed for the games are being completed, noting, “I was flying over the Samuel Ogbemudia stadium today, you can see that the base for the track has been laid; the football pitch is ready, and the lawn tennis section is completed. The swimming pools are being furnished, so the key infrastructure we need for the game are almost ready.“Athletes are being readied for camping. All measures that will ensure the success of the games have been taken care of,” he said.In his remarks, Edo State Deputy Governor, Rt. Hon. Phillip Shaibu, said the state is making sure it hosts the games to win, adding, “the Edo State Sports Festival holding from Feb. 10 would be used to select athletes across the 18 local government councils of the state to represent Edo during the NSF.”“The state’s gold medalists are seeded for the finals of the state festival and we are using the festival to get new talents from across the state,” he added.The deputy governor said the camping for the NSF would commence at the end of the state’s sports Festival.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Malcolm George ABB – Industry must fight for fair narrative on problem gambling

first_img Malcolm George the Chief Executive of the Association of British Bookmakers (ABB), has stated that the industry trade body is committed to cleaning up gambling’s image but warns that the ‘frenzied debate’ on problem gambling does not help any stakeholders.Speaking to PR-Week, George details that the UK betting industry has suffered ‘from a lack of quality debate’ and ‘media panic’ surrounding problem gambling.Leading the ABB, George and senior staff have to counter weekly misguided and misinformed news columns, driven by hysteria-led headlines, using terms such as ‘epidemic’ to describe UK gambling’s current context.“Where my concerns come is when, occasionally, media outlets either wilfully – or through poor journalism, an inability to do maths – come up with figures relating to the issue or supposed evidence that are wholly inaccurate.”Entering 2018, a critical year for the UK betting, George notes that sector stakeholders have to fight for a fair PR and news narrative reflective of the industry as a business.Taking charge, the ABB has set-up a ‘mythbusters’ section on its website, which will be further supported by betting shop reports highlighting the industry’s economic benefits, social responsibility initiatives and balanced/fair reporting with regards to problem gambling.As ABB leader, George is aware that a number of publications will take a fixed editorial stance on gambling. However, George is adamant that for the benefit of all stakeholders and policymakers, the subject matter of problem gaming should never be driven by myths StumbleUpon ABB anticipates further shop closures during 2019 September 12, 2019 William Hill confirms 700 shops to close following FOBT losses July 4, 2019 BGC appoints Joff Cooke as first COO June 2, 2020 Submit Related Articles Share Sharelast_img read more

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‘Get Into Your Sanctuary Weekend’ Kicks Off Saturday At Thunder Bay National Marine Sanctuary

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena- Free shipwreck tours, locally-based adventure films, and the great outdoors all can be found at the Thunder Bay National Marine Sanctuary this weekend. The nationwide celebration called “Get Into Your Sanctuary” allows people to enjoy some of America’s most iconic and cultural marine resources.At the Thunder Bay Sanctuary, six free and special cruises aboard the Lady Michigan will be offered on Saturday and Sunday. In addition to the six free community cruises, the Sanctuary will provide free cruises throughout the next few weeks to nonprofits that serve youth, seniors, military personnel, veterans, and first responders. These cruises will focus on one specific shipwreck, The Monohansett, and the role of Thunder Bay Island’s Life Saving Station in the rescue of personnel on the ship.“We attract over 100,000 tourists here during the summer and throughout the year,” said Friends of Thunder Bay National Marine Sanctuary Director Katie Wolf, “but this is really an opportunity for us to show appreciation for our community and make sure they have an opportunity to get out on the Lady Michigan and explore the shipwrecks and feel apart of everything we do at the sanctuary.”Folks can also experience a night of free films on Saturday that focus on outdoor adventures within the sanctuary. All three of those films debuted during the week of the Thunder Bay International Film Festival.This weekend’s events were made possible by a few grants. In November of 2017, Friends of Thunder Bay National Marine Sanctuary was awarded $15,000 from the Michigan Humanities Council to help develop and support special programming. The story of the Monohansett reflects the humanitarian efforts and heroics during the rescue of passengers. The group was also awarded $10,000 by the National Marine Sanctuary Foundation to help promote “Get Into Your Sanctuary Weekend” statewide for the 2018 summer tourism season.“It is the kickoff to the recreational season so before we get into the main thrust of having all the tourist here, this is an opportunity for those who live here to get out and appreciate it first,” said Wolf.Tickets for the community cruises are first come, first serve. You can pick up a ticket on Saturday, May 19, starting at 8:00am over at the Great Lakes Maritime Heritage Center. Neiman’s Family Market will be providing donuts for the first 250 people in line. You must be 16 years or older to reserve a ticket. You can be any age to enjoy the cruise. Saturday night’s film screenings will kick off at 7:00pm. Doors open at 6:30pm.For information and to check out a list of times for each cruise, visit the Thunder Bay National Marine Sanctuary’s Facebook event by clicking here.A list of the films being screened is provided below…Crossing Lake Huron (Michigan), 30 min  Corey AdkinsExperience the white-knuckle thrill of three men attempting to cross Lake Huron from Thunder Bay National Marine Sanctuary to Tobermorey, Ontario on nothing but stand up paddle boards. This 90-mile open water crossing travels through Shipwreck Alley and some of the most treacherous waters in the world. This is their story and what makes their charity different from the rest. The film won Michigan Association of Broadcasters 2018 “Best Special Interest Programming” and “Best News Special” awards, and the Associated Press’ “Best Documentary” award.Michigan Micro Adventures – Vol. 1 Paddle Albany Bay (Michigan), 10 min Zachary R. IrvingNeighboring the clear freshwater of Lake Huron, Presque Isle is a haven of history and culture that entices outdoor enthusiasts of all kinds. With a variety of trails at the new Albany Bay Nature Preserve and among the harbor and lighthouses, the peninsula screams ADVENTURE! In the inaugural episode of Michigan Micro Adventures, Gary and Ely brave the open water and kayak from Presque Isle Harbor to the southern part of Albany Bay where lies the remains of a shipwreck, preserved since 1853. The Big Five Dive (Michigan), 28 min Elizabeth KaiserThe Big Five Dive is an adventure documentary about a group of women attempting to dive one historic site in all five Great Lakes in under 24 hours, in an effort to raise awareness of women in SCUBA diving, a historically male-dominated sport and career. Set against the backdrop of some of the Great Lakes estimated 6,000 shipwrecks, this group of women show that there is a place for everyone underwater. Was featured in the Detroit Free Press 2018 FREEP Film Festival.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious United Steelworkers Local 209 Participate in ‘Informational Picketing’ at BesserNext Locals Honor Alpena Fallen Police Officers During National Police Weeklast_img read more

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Falcao earns United draw at Villa

first_imgManchester United’s slim hopes of reviving their Premier League title challenge were dealt a blow as they were forced to settle for a 1-1 draw at 10-man Aston Villa on Saturday.Louis van Gaal’s side needed Radamel Falcao’s second-half header to cancel out Christian Benteke’s fine opener for Villa in a contest overshadowed by referee Lee Mason’s controversial dismissal of Gabriel Agbonlahor for a seemingly innocuous challenge on former Villa team-mate Ashley Young.It ended a run of six successive victories for van Gaal’s side as they lost ground on second placed Manchester City, who had earlier moved level on points with leaders Chelsea, who face Stoke on Monday.The gap now stands at seven points between those two and United, who sit third.But United could have no arguments with outcome after their big-name stars failed to deliver against an organised, efficient and, at times, potent Villa team, who have now lost just one of their last six matches.last_img read more

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