Economy

Poverty rate declined last year for first time since 2006

The U.S. Census Bureau announced Sept. 16 that in 2013, the poverty rate declined from the previous year for the first time since 2006, while there was no statistically significant change in either the number of people living in poverty or real median hou

Pennsylvania Liquor Control Board returns almost $2.4 million in licensing fees to local communities

The Pennsylvania Liquor Control Board (PLCB) announced the return of almost $2.4 million in licensing fees to 1,453 municipalities in which licensees are located. “Twice a year, the Pennsylvania Liquor Control Board returns the fees paid by most retail li

Tobyhanna Federal Credit Union announces Australia giveaway winners

Tobyhanna Federal Credit Union announces Debbie Cowher of Scranton as the grand prize winner of a trip to Australia. Cowher was randomly selected from over 5,000 entries that were submitted via the credit union website, in-branch, or as a mail-in postcard

SBA proposes revisions to employee-based size standards for manufacturing and other industry sectors

The U.S. Small Business Administration published two proposed rules to revise small business size standards in North American Industry Classification System (NAICS) Sector 31-33 (manufacturing) and industries with employee-based size standards that are no

Haggerty bill meant to protect local taxpayers poised for action in House

State legislation that would change how local taxes are levied in conjunction with home-rule charter counties is poised for action in the Pennsylvania State House after it was approved by the Local Government Committee this summer, said state Rep. Kevin H

Lt. Governor, PennDOT announce first contract under ‘Public-Private Partnership’ law; State Farm sponsors department’s roving safety patrol

Lt. Governor Jim Cawley joined PennDOT Executive Deputy Secretary for Administration Brad Mallory Sept. 9 for an event to announce the department’s first sponsorship effort made possible by the “Public-Private Partnership” law Gov. Tom Corbett signed in 2

FNCB celebrates 30 years serving Dickson City; Community Appreciation Day featured food, prizes and raffles

First National Community Bank (FNCB), locally based for more than 100 years, recently celebrated the 30th anniversary of serving Dickson City with a community appreciation day featuring free hot dogs, refreshments, prizes and raffles. The Dickson City bra

NEPA Alliance waives fees for small business loans

In order to help businesses retain or expand employment, meet market opportunities, and attract additional investment, the Northeastern Pennsylvania Alliance (NEPA) has announced the waiver of fees for the 10 state and federal loan programs it administers

Retail imports remain above average as West Coast port talks continue

Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker

Safety Net

By Dave Gardner The levels at which immigrants are tapping NEPA’s social safety net may be considered anywhere from minimal to excess, depending upon an observer’s fundamental belief system. Health care Consider the case of the Edward R. Leahy Jr. Center

Banking Excellence: ESSA's Bill Lewis

When asking the question, “What are the traits of a good commercial lender?” the word “inquisitiveness” may not be the first to come to mind. But that’s the very answer offered first by Bill Lewis, vice president and commercial lending manager for ESSA Ba

Personnel File

BANKING & FINANCE HONESDALE NATIONAL BANK Thomas E. Sheridan, president and CEO of the Honesdale National Bank, announced that Richard C. Simmers has been promoted to vice president, residential mortgage manager. His responsibilities include management of

Immigration

By Dave Gardner In conversations about the pros and cons of America’s immigration, before long division will undoubtedly appear. This is particularly true when the subject involves NEPA’s growing population of Latinos and Asians. The arguments in favor of

NBT Bank

In recent years, there have been significant changes in the banking landscape. These changes have impacted several banks right here in our local markets, as financial institutions grow, merge or wane. NBT Bank (formerly Pennstar Bank) has also been going

ESU partners with community for Economic Outlook Summit to be held Sept. 5

Marcia G. Welsh, Ph.D., president of East Stroudsburg University of Pennsylvania (ESU), will host the ESU Economic Outlook Summit on Friday, Sept. 5 from 7:30 a.m. to 1:30 p.m. in the Innovation Center, 562 Independence Road, East Stroudsburg. The summit

PLCB reports record revenue, contributions to General Fund; Revenue exceeds $2.2 billion, a 3.2% increase, contributions exceed $566 million

The Pennsylvania Liquor Control Board (PLCB) announced revenue at Fine Wine & Good Spirits stores reached $2.24 billion in fiscal year 2013-14, a $67 million or 3.2 percent increase compared to fiscal year 2012-13. The PLCB paid a record $526 million in l

Credit unions post highest loan growth since 2005

Credit unions posted strong overall lending numbers in the second quarter of 2014 according to data revealed during Callahan & Associates’ 2Q14 Trendwatch. Credit unions as a whole posted their highest loan growth rates since 2005, experiencing nearly 10

Monroe 2030: Updated vision for Monroe County unveiled as reversal in population trends poses challenges

By Kathy Ruff In 1999, a partnership of citizens and business and civic leaders in Monroe County compiled their ideas, thoughts and recommendations into a comprehensive plan — Monroe 2020. The plan created a county-wide vision to focus on solutions to cha

Level funding good option for employers considering self-funded insurance plan

By Ken Mazzie Level Funding: If you desire the freedom of a self-funded insurance plan but need a little more certainty for your budgeting concerns, level funding might be an option for you. In the South Central PA, area, we have experienced an increased

IWPR: Men have recovered 94% of jobs lost in Great Recession, but still short 392,000 jobs from pre-recession peak

According to an Institute for Women’s Policy Research (IWPR) analysis of the August employment report from the U.S. Bureau of Labor Statistics (BLS), men gained nearly two out of every three jobs added to the U.S. economy last month. In July, women gained
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Latest Business News

Economy will continue slow growth, Rotary told

The U.S. economy will continue to grow at the same slow pace it has been as the global economy also grows, an economist says. Mark Luschini, chief investment strategist for Janney, Montgomery Scott LLC, an investment firm which employs 2,000 people in abo