Economy

Sanofi Pasteur community fund-raisers raise more than $2 million, positively impacting thousands of lives in northeast Pennsylvania

At the 11th annual Pocono Mountains Community Fundraiser on July 24, Sanofi Pasteur executives revealed more than $2 million has been raised through its ongoing signature fund-raising programs. These programs benefit critical Pennsylvania community nonpro

National Penn Bancshares Inc. reports second quarter 2014 results

Second quarter highlights: ■ Second quarter net income increases to $0.19 per diluted share, compared to $0.16 per diluted share in the prior quarter ■ Return on average assets of 1.23 percent for the quarter and 1.16 percent year-to-date ■ Strong asset q

Retailers applaud introduction of The Marketplace and Internet Tax Freedom Act; senators seek vote on sales tax fairness legislation

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on the introduction of The Marketplace and Internet Tax Freedom Act, which was introduced by Senators Michael Enzi (R-Wyoming),

Penns Woods Bancorp Inc. reports second quarter 2014 operating earnings

Penns Woods Bancorp Inc. (NASDAQ: PWOD)said it continued its solid earnings and growth during the recently completed second quarter of 2014, achieving net income of $6,932,000 for the six months ended June 30, resulting in basic and dilutive earnings per

NEPA Alliance reduces interest rate to 2% on USDA Rural Development Loan program

In order to help businesses retain or expand employment, meet market opportunities, and attract additional investment, the Northeastern Pennsylvania Alliance (NEPA) has announced a reduction in the rate of interest charged for the US Department of Agricul

U.S. teens rank ‘average’ in financial capability according to international financial literacy assessment

The first-of-its-kind international financial literacy assessment issued July 10 finds American teenagers struggle to demonstrate competitive financial knowledge on the world stage. Among 18 participating countries and economies in the Programme for Inter

Best places for homeownership in Pennsylvania: No. 1 is Mountain Top

Pennsylvania saw increasing home prices statewide over the past year, while new construction permits jumped in the central part of the state, according to researchers at Wells Fargo. Pittsburgh saw a record increase in the number of multifamily homes buil

Answers to your FAQs: Has retirement confidence risen in the past five years?

By Keith Kleinman Retirement confidence seems to have improved from record lows over the past five years, according to the 24th Annual Retirement Confidence Survey (RCS) cosponsored by the Employee Benefit Research Institute (EBRI) and Greenwald & Associa

Tobyhanna FCU : Poised for growth

Sean Jelen, now CEO of Tobyhanna Federal Credit Union, said he got into banking almost by accident. He began his career at a mutual savings bank in New York City and never left the industry. Most recently he served as chief operating officer at Palisades

NEPA’s three major cities have varying economic development priorities

By Dave Gardner Several distinct stops on a NEPA tour of economic development, from south to north, detail the economic challenges now facing the region. In Hazleton a comprehensive public-private partnership — the Downtown Hazleton Alliance for Progress

Mobile technology has ‘remarkable’ customer-service effect yet most businesses don’t budget for mobile devices

Sage North America announced today the results of its second annual mobile device survey, which recently polled 1,090 small and midsized businesses (SMBs) in the United States. The Sage SMB Survey on Mobile Devices showed that slightly more than half of t

Study: Proposed legislation would eliminate 31,000 jobs in state

A new study released last month shows proposed legislation to increase the minimum wage would eliminate 31,000 jobs—nearly half of which are held by women. According to data from the Census Bureau, the wages of approximately 35,000 state and local employe

Humford Equities announces six new businesses locate in Humford shopping centers in Dallas area

Humford Equities has announced there are three new businesses setting up operations in the Country Club Shopping Center and three others in the nearby Dallas Shopping Center. The Country Club Shopping Center encompasses 60,000 square feet of space anchore

MacArthur Foundation: Half of Americans must ‘make sacrifices’ to pay mortgage

During the past three years, over half of all U.S. adults (52 percent) have had to make at least one sacrifice in order to cover their rent or mortgage, according to a new survey of housing attitudes released June 3 by The John D. and Catherine T. MacArth

Pennsylvania receives silver shovel award for excellence from Area Development American Eagle Outfitters in Humboldt cited

Gov. Tom Corbett announced June 16 that for the second year in a row, Pennsylvania was awarded a prestigious 2013 Silver Shovel Award by Area Development magazine for excellence in U.S. state economic development. The awards recognize states with the most

One in three potential new hires refuses or fails drug test, survey of manufacturing employers shows

One-third of all applicants are ineligible for good-paying jobs in Pennsylvania’s manufacturing sector due to drug use or drug test avoidance, according to a new study commissioned by the Pennsylvania Manufacturers’ Association and conducted by Tel Opinio

Battelle: Bioscience industry a bright spot among the technology sector

A study released June 24 analyzing the U.S. bioscience industry growth over the last 11 years, through the recent recession and early economic recovery, reveals positive trends. The industry demonstrated a strong record of growth from 2001-2012, has navig

Will Pa. get pension reform?

As of press time, Pennlive.com reported lawmakers were in a “full-court press” to get a $29.1 billion state budget to Gov. Tom Corbett’s desk by June 30. According to PennLive: House Speaker Sam Smith, speaking shortly after Corbett directly challenged Ph

Analysis finds Pennsylvania third in nation for private equity investment

Private equity firms invested more than $443 billion in U.S.-based companies last year, a 27 percent increase over the previous year, according to the Private Equity Growth Capital Council’s (PEGCC) fourth annual investment report, Private Equity: Top Sta

ABA report: credit lines contracting at slowest rate in a year; average credit lines for sub-prime accounts continue to contract at faster rate

The major reduction in the availability of credit-card credit over the last few years appears to be leveling off as market trends stabilize, according to the latest edition of the American Bankers Association’s Credit Card Market Monitor. “The relative st
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