The idea of converting 3000 Market into a life sciences building was a bit of an experiment for Brandywine but the company was able to move fast, have the real estate company’s development team evaluate it and move ahead with it, Sweeney said. At the same time, the state regulatory board approved the proposed capital cost recovery plan by Tennessee-American that calls for about a 2.6% increase, or 59 cents more a month, to the same average water bill.” -- August 12, 2019 Chattanooga Times Free Press article. “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.”. The ability to keep $5,000 to $10,000 a year in my company is a big deal to a small business owner like me.”. 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. The projects, business type, and value are. The curious death of Initiative 1631 and what it says about the future of addressing climate change. 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. "There is a dearth of high-quality, creative, immediately available, unique space — similar to what Austin went through three or four years ago," said Ian Ross, managing partner of Somera Road. The project dubbed Brinker Lofts also sits in one of Bethlehem's opportunity zones. Cranston will purchase new equipment, invest in training, and build a new website, according to his testimony. Lower electric, water, and gas bills help households and small businesses operating on tight margins. (“NexTier”), today announced an investment in its workforce with a one-time bonus of $1,000 for all employees as a result of the tax reform bill passed by the U.S. Congress and signed by President Trump. -- March 13, 2020 Daily Local article. -- May 30, 2019 Philadelphia Inquirer article. - July 29, 2018, Tennessean article excerpt. – Tim Decker, President and CEO. The 58,587-square-foot building is located across from space Spark is taking in the Bulletin Building at 3025 Market St., a 282,709-square-foot structure being redeveloped in University City. Unlike that project, the apartment development planned in North Nashville sits in an Opportunity Zone — which makes the developers eligible for unprecedented federal tax breaks in exchange for long-term investments in historically low-income areas. But voters in this progressive state roundly rejected the measure that drew opposition from the fossil fuel industry and, more surprisingly, many major environmental groups. For many of our employees, the raise will be life-changing. But just like every other business, we have our share of challenges. -- May 30, 2019 Philadelphia Inquirer article. Iovance, which specializes in the development and commercialization of cancer immunotherapies using cells known as tumor-infiltrating lymphocytes, will occupy a three-story, 136,000-square-foot building that will span about a block of the Navy Yard’s core business and research park. President-elect Joe Biden has announced a $1.9 trillion COVID relief plan, a liberal wishlist of wasteful spending proposals that would do little to fight the pandemic and could prolong the economic downturn. Pennsylvania-American Water Company (Hershey, Pennsylvania) - the utility will pass along tax reform savings to customers: Pennsylvania-American Water Company-Wastewater (Hershey, Pennsylvania) - the utility will pass along tax reform savings to customers: Citizens’ Electric Company of Lewisburg (Lewisburg, Pennsylvania) – the utility will pass along tax reform savings to customers: Beneficial Bancorp, Inc. (Philadelphia, Pennsylvania) -- base wage raised to $14 per hour; $1,000 bonuses for all AVP Level employees and below; 4.5% employer contribution to 401(k) plans: Following the passage of H.R. -- February 14, 2019 The Express-Times article. – Jan. 26 2018, FedEx press release. Baby greens, salad greens such as spring mix, and herbs will be grown there. FNB will also provide a discretionary, one-time 401(k) contribution, totaling $1 million, to the vast majority of employees based upon analysis of compensation levels and eligibility. It’s an honor to reward them for their efforts,” stated CEO, Clem Rosenberger. Founded in 1957 and an NFIB member since 1994, Cranston Material Handling Equipment Corporation sells material handling products. CEO Jim McQuade announced the raises May 2 in an in-house video message. The group, operating as Clay Street Commons LLC, now owns a pair of roughly 0.56-acre properties on opposite sides of Ninth Avenue North, according to new public records. Webco says they had more than a million dollars total to distribute to their employees, many of whom are in Sand Springs. May 3, 2019 Austin Business Journal article, March 21, 2020 Dallas Morning News article, May 21, 2019 San Antonio Express-News article, June 20, 2019 The Weatherford Democrat article, May 15, 2019 San Antonio Express-News article, October 14, 2019 Houston Chronicle article, June 12, 2019 Houston Business Journal article, November 13, 2019 Dallas Morning News article, June 28, 2019 Starwood Capital Group press release, June 12, 2019 San Antonio Business Journal article, June 20, 2019 Austin Business Journal article, April 20, 2020 Austin Business Journal article, August 28, 2018, Northwest Arkansas Democrat Gazette article excerpt, - February 7, 2018, San Antonio Express-News article excerpt, Dec. 3, 2019 San Antonio Business Journal, Feb. 8 2018, The Beaumont Enterprise article excerpt, May 15, 2018, Entergy Texas Press Release excerpt, May 7, 2018, Woodlands Online article excerpt, Jan. 2 2018, Southwest Airlines press release, February 14, 2018, Cadence Bancorporation press release excerpt, Apple store locations in El Paso, Austin, Dallas, Fort Worth, Friendswood, Frisco, Houston, Plano, San Antonio, Southlake, Sugar Land, and The Woodlands, Jan. 23 2018, El Paso Electric Company press release, Jan. 24 2018, MyHighPlains.com article excerpt, Dec. 21, 2017 MyHighPlains.com article excerpt, Dec. 29, 2017 Comerica Bank press release, Texas locations in El Paso, Grand Prairie, Houston, and Keller, 23,000 employees at 23 stores and three distribution facilities in Texas, December 21, 2018, Comcast release excerpt, How the Republican Tax Cuts Are Helping Wisconsin, May 8, 2018, Rep. David Kustoff statement on House floor, July 29, 2018, Tennessean article excerpt, Ned Vickers, President and CEO of Sugarlands Distilling Company, April 23, 2019 Nashville Business Journal article, June 6, 2019 Contify Banking News article, September 24, 2019 Memphis Business Journal article, Armistead Arnold Pollard Real Estate Services LLC, he was among the first to spot the potential to transform a derelict rail yard into the Gulch, November 6, 2019 Nashville Business Journal article, February 11, 2020 National Association of Manufacturers ShopFloor Blog, June 29, 2018, Tennessean article excerpt. We must do better for the people of Washington state.” According to the Puget Sound Regional Transportation Fuels Analysis Final Report from September 2019, the new program could: This investment will provide almost 400,000 U.S. restaurant employees with accessibility to the program as the company will also lower eligibility requirements from nine months to 90 days of employment and drop weekly shift minimums from 20 hours to 15 hours. - July 29, 2018, Tennessean article excerpt. “By tripling tuition assistance, adding education benefits for family members and lowering eligibility requirements to the equivalent of a summer job, we are sending a signal that if you come work at your local McDonald’s, we’ll invest in your future.”, After launching in the U.S. in 2015, Archways to Opportunity has increased access to education for over 24,000 people and awarded over $21 million in high school and college tuition assistance. SEATTLE (AP) — Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. This month, we are breaking ground on a 42,000 square foot distillery and barrel house. SEATTLE — Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. Almo Corporation (Philadelphia, Pennsylvania) – $1,000 incremental bonus, capital improvement, and purchasing a new operating system: Almo, the Philadelphia-based appliance, CE, housewares and pro A/V distributor, is investing its savings from the Trump administration’s new tax legislation in its employees and infrastructure. -- April 23, 2020 Philadelphia Business Journal article. Ozark Motor Lines (Memphis, Tennessee) – New driver per diem program: Ozark Motor Lines and Whiteline Express have announced new pay packages for drivers. It is important to note that these payments are on top of regular unemployment compensation that displaced workers receive from states. True-blue Washington state voters rejected a carbon tax by a vote of 58.6% to 41.4%. Maxus Reality Trust (Kingsport, Tennessee) -- The company is building an apartment complex in an Opporitunity Zone created by the Tax Cuts and Jobs Act: According to the Mastered in Tennessee website, there are currently four Opportunity Zone projects in the Tri-Cities area. Learn about careers at Cox Media Group. “We also invested $20 million in additional equipment so trucks and trailers and chassis…We had a driver that was actually up here last week that said that, you know, this is about $2,300 a year tax savings.But forget the $3,000 raise that he got. Erie Insurance (Erie, Pennsylvania) – $1,000 bonuses; $1,000 contribution to employees’ 401(k) accounts: Erie Insurance CEO Tim NeCastro called an all-employee meeting Wednesday to deliver a bit of good news — a few million dollars worth of good news, in fact. This appears to be Alpha Capital's debut Nashville development. Shortly after, the city declared the property blighted. Making our tax code more competitive sets the stage for companies of all shapes and sizes to create jobs, grow the economy and invest in the U.S.”, “The lower corporate tax rate made a huge impact on our ability to continue to invest in this business,” said Louchheim. Frontier Railroad Services (Fallowfield Township, Pennsylvania) -- The company is building an office building in an Opportunity Zone created by the Tax Cuts and Jobs Act: A rail-related company is now making tracks for Alta Vista Business Park. Amenities will include co-working spaces, a pool, fitness center, a clubhouse, elevators and views of the skyline and greenspace. “It’s going to be a big help.”, Cashier Maria Rosado was equally enthused. Left-leaning groups that opposed the measure said they support climate action, but I-732 was a "false solution" that would hurt the poor. The initiative was billed as "revenue-neutral" but many, including Gov. -- May 30, 2019 press release. Results from the model helps to provide policy recommendations for Washington State. Biden’s plan calls for a $350 billion bailout for state and local governments, funding which is entirely unnecessary. "The Board's decision to recognize our employees and support our communities is reflective of our commitment to PNC's success." For the second time in two years, Washington State voters rejected a proposal to tax carbon dioxide emissions. Eric Blumenfeld (Philadelphia, Pennsylvania) -- The developer is building a mixed-use space that will include offices, apartments, and a fitness club in an Opportunity Zone created by the Tax Cuts and Jobs Act: Developer Eric Blumenfeld is aiming to break ground in July on a 30-story North Broad Street tower with offices, apartments and a fitness club that he hopes cap with digital screens featuring animated versions of the famous mural next door. Yelp data shows that 60 percent of business closures from the pandemic are now permanent. Chipotle Mexican Grill (Multiple locations in Pennsylvania) – Bonuses ranging from $250 to $1,000; increased employee benefits; Nationwide, $50 million investment in existing restaurants. The economic damage caused by this policy is long-lasting – a recent study conducted by the Heritage Foundation found the $600 UI policy would reduce GDP by between $955 billion and $1.49 trillion. The Navy Yard was also chosen because of the tax advantages that come from being within a Keystone Opportunity Zone, which can qualify companies for city and state tax breaks, as well as other financial incentives. ", 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. Pennsylvania is benefiting greatly from the Tax Cuts and Jobs Act enacted by Republicans in 2017: 823,380 Pennsylvania households are benefiting from the TCJA’s doubling of the child tax credit. Spark has said it plans on adding hundreds of new jobs in West Philadelphia. Wells Fargo –  588 locations in Texas; raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over the next three years. Mr. Shin added that, "The new legislation will continue to benefit Noah Bank, our employees, our shareholders, and our customers as we progress and grow. Walmart employees are receiving tax reform bonuses. Sugarland is also investing $2 million in new equipment: “We’re a small distillery, and this is a huge risk, one that we couldn’t have taken without the Craft Beverage Modernization Act. In fact, even before the last $900 billion package, lawmakers had provided states and localities with 17 times their 2020 revenue loss and double their expected 2020 and 2021 loss, according to the Heritage Foundation. –  November, 2019, Governance Project. This is the second time in a row Washington voters have said NO to the aggressive carbon tax pushers. 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. Providing raises to employees who are near entry-level wages, resulting in a 6% increase. 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. Allsup’s Convenience Stores, Inc. (198 stores in Texas) -- $1,000 bonuses: Workers were feeling so good at a Santa Fe Allsup’s convenience store Thursday that you might have thought it was raining cash. $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. In recent years, her luxury spa — which offers massages, facials, and other salon treatments for men and women — has delayed investments in things like updated computer systems and pedicure chairs. Noah Bank (Elkins Park, Pennsylvania) – $1,500 cash bonus to employees: Noah Bank, a Pennsylvania-chartered community bank, has announced today that its Board of Directors has elected to provide all employees with a one-time $1,500 cash bonus thanks to the passage of new tax legislation. Only six states in the nation were more anti-Trump. “Living in squalor is not something any municipality should have to deal with,” Gilliam said. "If we have a bug, we bring in another bug that eats or kills that other bug to control the pests in the greenhouse.". This contribution was also part of a broader community benefit plan focusing on charitable giving, community development investments and lending efforts serving financially-vulnerable and historically underserved populations. Our employees do not think this check is ‘crumbs’ like Nancy Pelosi called it and they sure do not think it is insulting like she stated that it was.” — Ford Sasser, President & CEO, Rio Bank. The raises are the highest salary and wage increases in the bank's history. Kraft Heinz Company (Pittsburgh, Pennsylvania and Chicago, Illinois) – $1.3 billion pre-funding of post-retirement benefit plans; $800 million in capital expenditures; $300 million in strategic investments: “Since the HR-1 Tax Cuts and Jobs Act was signed into law, we have already taken actions and are accelerating key business initiatives. In addition to expanding its community support, Fulton also will raise its minimum wage to $12 per hour. The COVID-19 pandemic should not be an excuse for the left to enact vast new spending programs that will permanently expand the size and scope of government. 1 and the anticipated savings from lower future taxes, we announced a special $1,000 bonus paid to over 600 employees and enhanced our medical coverage to our entire employee base. Washington State Likely Rejects a Historic Carbon Tax Robinson Meyer. 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. "This is my first time really making a full commitment to North Nashville," Armistead said. Initiative 1631 differed in that it proposed to use revenue from carbon fees to invest in projects to reduce pollution. Thanks to the tax cuts, Tennessee businesses of all sizes are hiring, expanding, raising pay and increasing employee benefits: Excel Boat Company (Ridgely, Tennessee) - Opening a new manufacturing plant: “In Lake County, Excel Boat Company announced they will be opening a manufacturing plant that will bring 200 good-paying jobs and a total economic development investment of $9 million.” - May 8, 2018, Rep. David Kustoff statement on House floor. An affiliate of Brierhill Capital paid $4.5 million for the land in February. The latter is owned by Mike Wolfe of History Channel's "American Pickers.". "The tax cuts and jobs act reduced corp tax rates, so that produced a significant amount of savings this year for Webco as our corporate tax bill was reduced," said Mike Howard with Webco Industries. The space, which can accommodate 500 people, was designed by West8 and Shop Architects. This proposal should be rejected by Congress. 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. Washington state voters rejected a ballot measure to impose an income tax on the wealthiest residents that pitted Bill Gates Sr. against Microsoft Corp., the company co … … There are several new developments planned.". But voters in this progressive state roundly rejected the measure that drew opposition from the fossil fuel industry and, more surprisingly, many major environmental groups. 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. Thank you for your hard work and dedication and let’s keep our strong performance going! “The Tax Cuts and Job Act has not only reduced taxes for businesses like mine; it has created an environment where more business owners feel confident to take the cash from the tax savings and invest it back into their businesses,” Cranston told lawmakers. “At Fulton, we understand that our future is connected to the communities where we operate and the employees who serve them,” said E. Philip Wenger, Chairman and CEO of Fulton Financial. You’ll find rates for sales and use tax, motor vehicle taxes, and lodging tax. Washington voters soundly rejected Initiative 732 in 2016, which would have made the state the first in the U.S. to create a carbon tax on emissions from fossil fuels. 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. This is the second consecutive statewide election in which Washington voters weighed in on a proposed price on fossil fuels. Jefferson did not respond to a phone message seeking information on his plans, and emails to him and his company came back as undeliverable. “The new tax reform legislation provides tax cuts for individuals and companies and should result in positive economic growth,” Allsup’s said. 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. A bill to levy the first statewide carbon tax in the U.S. was approved by the Washington state Senate Ways & Means Committee last week. -- Nov. 22, 2019, DonFenly.Com Article. “Often tax breaks go to either the big guys or the little guys, but not everybody at one time.” -- February 19, 2018 USA Today article. Read our privacy policy, 722 12th ST NW Sugarlands has a wonderful new video telling the story of the expansion. Sugarlands Distilling Company (Gatlinburg, Tennessee) – The Craft Beverage Modernization Act – a key part of the Tax Cuts and Jobs Act – helped Sugarlands Distilling Company plan a new 42,000 square foot distillery and barrel house. Washington State Likely Rejects a Historic Carbon Tax. Steve Armistead, a principal in the development group, estimated the development would cost roughly $12 million. In 2019, real median household income increased by $4,000 or nearly 7%. Erie Downtown Development Corporation (EDDC) (Erie, Pennsylvania) – The EDDC used benefits made possible by the Tax Cuts and Jobs Act to reinvest in their downtown area and attract new businesses: "The EDDC is actively pursuing additional Downtown real estate for revitalization. PERMALINK -- November 22, 2019 DonFenley.Com article. The fund is designated to help financially support different projects within a portfolio. -- October 21, 2019 ABC 16 article. - June 29, 2018, Tennessean article excerpt. The 1.3-acre park is the first phase of Schuylkill Yards, which Brandywine is developing in partnership with Drexel University. ", ANB has 18 branches in Amarillo, Canyon, Borger and Lubbock. 1st Summit Bank (Johnstown, Pennsylvania) -- $1,000 bonuses to full-time employees; salary raises; increased charitable donations. Washington state’s carbon tax Of wood and trees. After Carbon Tax Fails in Washington, Focus Turns to 9 Other States Washington state won’t be enacting the nation’s first tax on greenhouse gas emissions this year. (see below). The effect will be similar to the animation in the 2017 Vincent Van Gogh biographical film Loving Vincent, in which “they take all the figures in his artwork, and they bring it to life,” he said. log in to manage your profile and account. -- Feb. 7, 2018 STERIS plc press release. ISI Financial Group (Lancaster, Pennsylvania) -- $2,000 bonuses for all employees: At year ahead staff planning meeting in January I proudly announced to all  of our staff that because of the new tax law, that ISI is happy to share the tax savings and will providing to all staff members a $2000 bonus. Ozark, a family-owned ground transportation services company based in Memphis, Tennessee, said effective June 1 experienced over-the-road and regional drivers will receive 2 cents per mile increase while driving teams will receive an additional 1 cent per mile. 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. “So for every new distiller we bring on, we’re investing a year into them. For the past three years, Washington state has been the epicenter of carbon tax political action in the U.S. 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. Custom Container Solutions (Milton, Pennsylvania) -- The steel container company moved to central Pennsylvania and is creating 100 new jobs in an Opportunity Zone created by the Tax Cuts and Jobs Act: MILTON, Pa. -- The state has designated an old industrial site in central Pennsylvania as a Keystone Opportunity Zone and now nearly 100 jobs are coming to an old factory that had been shut down. It would be Philadelphia’s tallest building outside the city’s central core, as well as the latest — and largest — project in the city to be funded under the opportunity-zone program, which is meant to encourage development in low-income communities. The third was once the celebrated Northside YMCA on Arctic Avenue, built in 1927, a community gathering place that knit together the city’s historically thriving black neighborhood. Posted by Alex Hendrie on Thursday, January 14th, 2021, 7:42 PM "We're grateful for the memories our Hosts create for our Guests by working hard every day, and this bonus is just one way we plan to share our appreciation throughout the year." Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. 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. On December 14, 2017, the unopposed settlement approved by the Public Utility Commission of Texas (PUCT) included a provision to refund EPE’s Texas customers for the reduction in the federal income tax rate. Initiative 732 would have phased in a $25 per metric ton carbon tax over a period of two years. Photo courtesy of the Department of Energy. Opportunity Zones just happen to be a benefit years down the road." Look up a tax rate. "This was really more driven by creating housing units that fall more toward the 'affordable' range. The measure failed by a vote of 59 to 41 percent, but backers said their efforts spurred urgent conversations about climate change in an election year where the issue got little national attention. So far in 2018 we bought a new forklift, urnished a new laboratory and updated some of our computer equipment. Ole Smoky Distillery (Gatlinburg, Tennessee) - bonuses for non-senior management employees, purchasing new equipment, opening a new distillery, hiring new employees: “We are very supportive of the new tax programs, as they are providing an opportunity for us to further invest in our team and business activities,” said Robert Hall, CEO of Ole Smoky Distillery. 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