Low interest loans granted to support business expansion, job creation
WILKES-BARRE – Gov. Tom Wolf announced this week that the Pennsylvania Industrial Development Authority (PIDA) has approved low-interest loans to help four growing businesses in Lucerne, Berks, Lawrence and Westmoreland counties.
âMy administration remains committed to investing in companies that want to be successful here in Pennsylvania,â Governor Wolf said. âThe PIDA loans approved today will help businesses grow, hire new employees and boost the economies of surrounding communities. “
In Luzerne County, the Greater Hazleton Community Area New Development Organization, Inc. (CAN DO) has been approved for a 15-year, $ 2 million loan at a 1.5% variable interest rate to build a 47,000 square foot single tenant manufacturing facility on 12.83 acres at 128 Corporate Drive, Drums, Butler Township.
Construction is expected to be completed by the end of summer 2022, with sole tenant Amapharm, LLC occupying the facility by September 2022.
Founded in August 2021, the Pennsylvania company is an American subsidiary of the German pharmaceutical company Amapharm GmBh.
The total cost of the CAN DO project is $ 7,228,793. Amapharm will create 50 full-time jobs within three years.
CAN DO, which has fostered economic activity in the region as a developer, builder, owner, enabler and utility provider, has benefited from seven previous PIDA loans.
In 2021, PIDA approved $ 42,755,382 in low-interest loans that generated $ 98,240,924 in private investment and supported 1,811 jobs created and retained full-time.
For more information on the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov.
Pennsylvanians encouraged to protect
sensitive information while on vacation
With the holiday shopping season underway, the Department of Revenue is urging Pennsylvanians to take appropriate steps to protect their personal information from identity thieves and cybercriminals.
These malicious actors constantly strive to steal sensitive information, including data that can be used to file fraudulent tax returns and claim fraudulent tax refunds.
“We want everyone to know that these criminals regularly come up with new schemes to impersonate reputable organizations, including government agencies,” Revenue Secretary Dan Hassell said. âThey use email, phone, and other tactics to try to trick you into giving out your passwords or sensitive information. As our IRS partners say, don’t take the hook. Be careful and always beware, especially any unsolicited messages or calls you receive.
The warning comes during the sixth annual National Tax Security Awareness Week, which runs from November 29 to December 3. This initiative is a partnership between the IRS, state tax agencies and other players in the tax industry, including tax professionals, and scams to encourage people to protect their sensitive financial information.
Tips for protecting people and
online financial information:
Use security software for computers and mobile phones and keep it up to date.
Use strong, unique passwords for all accounts.
Use multi-factor authentication whenever possible.
Only buy from secure websites; look for âhttpsâ in web addresses and the padlock icon; Avoid shopping on an unsecured public Wi-Fi network in places such as cafes, malls or restaurants.
Avoid phishing scams
Identity thieves often use phishing emails to trick users into giving out passwords and other information. Look for:
Emails and other communications that claim to be a trusted source, such as impostors claiming to be an official of the IRS, the Department of Revenue, or some other government entity.
Emails containing an urgent message or instructions for opening a link or attachment.
Pop-up advertising software or apps that ask you to download a file.
Unusual payment method requests.
Advice to tax professionals
In addition to the tips mentioned above, there are other signs that tax professionals should be on the lookout for this signal data theft. Here are some common clues shared by the IRS that may suggest that a tax professional could be a victim:
Client returns filed electronically are starting to be rejected because returns with their social security numbers have already been filed.
Customers who have not filed tax returns are starting to receive authentication letters from the IRS.
Customers who did not file tax returns receive refunds.
The number of returns filed with the tax specialist’s Electronic Filing Identification Number (EFIN) exceeds the number of clients.
Computers on the network are running slower than normal.
Computer cursors move or change numbers without touching the keyboard.
Networked computers block tax professionals.
Steps to follow if you
are the victim of a scam
The Ministry of Revenue reminds taxpayers that it has a Fraud Detection and Analysis Unit dedicated to assisting victims of identity theft and the fight against tax refund fraud.
If you are a victim of identity theft or discover that a fraudulent Pennsylvania tax return has been filed using your identity, please contact the Fraud Detection and Analysis Unit by sending an email [emailÂ protected]
Representative Meuser urges Biden
lower energy prices
U.S. Representative Dan Meuser, R-Dallas, said he is fighting to lower the cost of gas and home heating bills for Pennsylvanians and Americans.
“Not long ago we were energy independent, being a net exporter of oil, and the American people had access to affordable, reliable and clean energy while achieving the biggest drop in carbon emissions of all. countries, âMeuser said. âNow families are battling rising gasoline prices while expecting their energy bills to skyrocket this winter. Americans pay the most than they’ve paid at the pump since 2014, with an increase of nearly 45% in Pennsylvania, which already has the second-highest gasoline tax. As winter approaches, the US Energy Information Administration predicts that home heating prices will rise more than 54% for some US households.
Meuser said the solution to this crisis is simple: stop the agenda-driven assault on the energy industry and restore US energy independence that will cut costs and create jobs.
âWe can all appreciate the goal of a cleaner environment and reduced carbon emissions. But it has to be done in a way that is economically feasible for the American people, âMeuser said.
According to information provided by Meuser’s office, since coming to power, President Biden and his administration “have done virtually everything in their power to decimate domestic fuel production.”
Meuser said they have:
Stopped the Keystone pipeline.
Green light for a Russian oil pipeline.
New oil and gas rentals on US lands put on hold.
Discouraged our banks from investing in traditional forms of energy production.
Meuser went on to say that President Biden and the Democrats’ solution to this problem is to double their failed energy policies.
He said the administration has
Pleaded with Russia and the OPEC countries to produce more oil.
Exploited the Strategic Oil Reserve – which should only be done for natural disasters or war – for 3 Oil Days.
Proposed increase in costs for oil and gas producers to produce on federal lands.
Sense. Toomey, colleagues
bill repealing the superfund tax
U.S. Senators Pat Toomey, R-Lehigh Valley and Ted Cruz, R-Texas, John Barrasso, R-Wyoming, Jim Inhofe, R-Oklahoma, John Kennedy R-Louisiana, Mike Lee, R-Utah this week presented the Chemical Tax Repeal Act to Eliminate the Superfund Tax imposed by the Infrastructure Investment and Jobs Act.
The newly signed infrastructure package, as it stands, imposes around $ 13 billion in taxes on 42 different chemicals, critical minerals and metal elements that are the building blocks of common household items such as plastic, rubber. , concrete, soap, light bulbs and electronics.
“Instead of reallocating nearly $ 1 trillion in ‘COVID relief’, the infrastructure investment and jobs law has relied on deficit spending, budget gimmicks and a poorly designed tax on dozens. of chemicals used in consumer products, âToomey said. âAmericans will bear the brunt of this tax increase, as they see the prices they pay for everyday items, from shower curtains to furniture, increase even more at a time when inflation is already at its highest level in 31 years. In removing this tax, I joined with Senator Cruz in introducing the Chemical Tax Repeal Act.
According to information provided by Toomey’s office, the Superfund tax existed from 1987 to 1995 and was used to mitigate some contaminated sites across the country. While the Infrastructure Investments and Jobs Act reimposed the excise tax on more than 40 chemicals to double its previous levels, the revenues will not be used to clean up Superfund sites. Instead, the funds will be used to finance a fraction of the president’s costly, costly and irresponsible infrastructure bill.
The American Chemistry Council estimates that this new tax would impose an annual tax of $ 1.21 billion on producers, which will be passed on to consumers as an additional cost on their products.
Contact Bill O’Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.