The National Association of Development Companies (NADCO) reports proposals to bring back the popular SBA 504 debt refinance lending resource has gained momentum in both the House and Senate. What is known as the CREED Act (Commercial Real Estate and Economic Development) would allow SBA 504 loans to be more broadly utilized by companies and … Continue reading SBA 504 Debt Refi Advancing in House & Senate
In 2009 nationally acclaimed consultant Roger Brooks visited York County and recognized that our strength lies not only in our manufacturing base but in the creativity and innovation of our workers.
The same ingenuity that redesigned industrial production in the 1940’s, adopted by the government as the “York Plan”, is alive and flourishing today as independent professionals collaborate in multiple co-work locations; as culinary creatives grow their product lines into multiple new businesses through a shared commercial kitchen incubator at YorKitchen; and as customized robotic automation systems are designed at Weldon Solutions.
Legislation known as the “Purely Public Charities” legislation, Senate Bill 4, would grant the General Assembly the ability to “establish uniform standards and qualifications which shall be the criteria to determine qualification as institutions of purely public charity”. Currently, in Pennsylvania, the Supreme Court has the sole authority to define a “purely public charity” and the General Assembly has the authority to set standards for tax-exempt status.
The York County Economic Alliance supports the repeal of the Medical Device tax as was contained in and enacted as part of the Patient Protection and Affordable Care Act (PPACA). Furthermore, the Economic Alliance has been actively supporting its repeal since March 2013. The medical device tax is a 2.3 percent excise tax based on the price for which the medical device is sold, to be paid by either the U.S. importer (foreign manufactured) or the U.S. manufacturer (U.S. manufactured medical device) effective since January 1, 2013