Commonwealth Cornerstone Group Receives $80 Million of New Markets Tax Credits

first_imgCommonwealth Cornerstone Group Receives $80 Million of New Markets Tax Credits November 18, 2016 SHARE Email Facebook Twittercenter_img Press Release Harrisburg, PA – Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has secured $80 million in New Markets Tax Credit (NMTC) allocations. The tax credits are provided by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.This is the largest single award round since the New Markets Tax Credit Program was created in 2000. The number of minority-owned or controlled organizations receiving awards also nearly tripled from the previous award round.“To receive a New Markets Tax Credit award of this amount is tremendous,” said Governor Wolf. “These tax credits have proven their ability to attract private sector investment to distressed and low-income areas, providing much-needed jobs and economic stimulus. These will be put to use helping provide an economic spark for communities across the commonwealth.”CCG is one of 120 community development entities nationwide receiving an allocation of the total $7 billion in New Markets Tax Credits announced by the Treasury Department yesterday. Reflecting the tremendous competition for NMTCs, 238 CDEs had applied for tax credits; only 50 percent of the applicants received funding.With this newest allocation, CCG has received seven NMTC awards totaling $351 million, which it has used to fund 30 projects in the state. These NMTCs have stimulated the creation of more than 5,300 construction jobs and more than 4,200 permanent jobs.“This is the largest New Markets Tax Credit award ever provided to Commonwealth Cornerstone Group,” said Brian A. Hudson Sr., chairman of CCG and executive director and CEO of PHFA. “We appreciate the faith shown in us by the Treasury Department, and we’re excited about the positive impact this funding can have in communities large and small.”The goal of CCG is to use these tax credits to fund projects in key areas within communities to create business opportunities and spur economic revitalization. CCG will utilize the NMTC’s to provide loans and equity investments for business expansion, mixed-use development, and community facilities across Pennsylvania.Examples of past developments that have benefited from CCG’s investment of these tax credits include Bakery Square in Pittsburgh, the Stephen Klein Wellness Center in Philadelphia, and the Coal Street Community Facility in Wilkes-Barre, among others. More information about CCG and the developments it has funded is available on the Web.The New Markets Tax Credit Program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a non-refundable tax credit against federal income taxes for making equity investments in vehicles known as community development entities. CDEs that receive the tax credit allocation authority under the program are domestic corporations or partnerships that provide loans, investments, or financial counseling in low-income urban and rural communities.The tax credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. The CDEs, in turn, use the capital raised to make investments in low-income communities. Historically, for every dollar invested by the federal government, the NMTC program generates more than eight dollars in private investment.Today’s awards bring the total amount awarded through the New Markets Tax Credit Program to $50.5 billion. Since 2001, NMTCs have generated more than $42 billion in investments in low-income communities and businesses, resulting in the creation or retention of more than 500,000 jobs, and the construction or rehabilitation of more than 164 million square feet of commercial real estate.For more information about the U.S. Treasury Department’s Community Development Financial Institutions Fund, please visit: Governor Tom Wolf on Facebook: read more

On ‘Jobs That Pay’ Tour, Governor Wolf Visits Logistics Plus Inc.

first_img SHARE Email Facebook Twitter August 09, 2017 Economy,  Jobs That Pay,  Press Release Erie, PA – Governor Tom Wolf today visited Logistics Plus, Inc., a worldwide supply chain management company, to meet with employees and view the company’s plans for the expansion of its headquarters in the City of Erie.“It’s exciting to be in Erie touring another thriving company,” said Governor Wolf. “I am committed to supporting the growing business climate in region and love to see first-hand what an innovative company like Logistics Plus has planned for the future.”Coordinated by the Governor’s Action Team, last month, Logistics Plus announced its plans to expand and create 44 new, family-sustaining jobs in Erie. Today, the governor toured the company’s facility and planned expansion site. The expanded facility will allow for the handling of all logistics for clients, from order intake to shipping and installation.“Logistics Plus has grown from a three-person operation in 1996, to a global organization, employing over 130 people in Erie alone. We are grateful to Governor Wolf and the commonwealth for acknowledging our efforts to attract and retain local graduates,” commented Gretchen Seth, Senior VP of International. “Our CEO Jim Berlin calls it the ‘brain gain’.”Logistics Plus Inc. is a worldwide provider of transportation, warehousing, global logistics, and supply chain solutions. Founded in Erie by local entrepreneur Jim Berlin 20 years ago, Logistics Plus employs over 400 people and has been repeatedly recognized as one of the fastest-growing transportation and logistics companies in the country.center_img On ‘Jobs That Pay’ Tour, Governor Wolf Visits Logistics Plus Inc.last_img read more

January Jobs That Pay Update: Workforce Training, Computer Science Education, Fairer Wages, and New Jobs

first_imgJanuary Jobs That Pay Update: Workforce Training, Computer Science Education, Fairer Wages, and New Jobs SHARE Email Facebook Twitter January 17, 2018 Economy,  Education,  Infrastructure,  Jobs That Pay,  Round-Up,  The Blog,  Workforce Development In just the first few weeks of the new year, Governor Tom Wolf announced $7 million in workforce development funding, statewide computer science education standards, more than 600 new jobs, and plans to overhaul Pennsylvania’s overtime rules to be more fair for salaried workers.Training Pennsylvania’s WorkforceGovernor Wolf continued to support workforce development programs that prepare Pennsylvanians to meet the evolving demands of the job market. More than $7 millions in state funding will help train tomorrow’s medical practitioners and commercial truck drivers, and retrain dislocated miners in today’s high demand occupations.Introducing Computer Science Education StandardsHeeding the governor’s request, the State Board of Education took action this January to establish standards for computer science education in all Pennsylvania schools. Already a national leader in STEM education, Pennsylvania is now one of a few states to endorse such standards.Fairer Wages and New JobsGovernor Wolf announced plans to modernize outdated overtime rules and more than 600 new jobs in e-commerce, technology, large-scale manufacturing and small businesses. The governor also welcomed another national manufacturing company that chose Pennsylvania as their new hub on the east coast.Highlights from December 2017 – January 2018Governor Wolf Announces Approval of Funding for 125 New Community Projects Through Neighborhood Assistance ProgramGovernor Wolf Announces Tax Credits to Revitalize ‘Mill 19’ – Site of Former Steel Mill in HazelwoodGovernor Wolf Announces Revamped Pennsylvania Program to Confront Skills Gap, Bolster Job TrainingGovernor Wolf Announces Creation of 307 Pennsylvania Jobs Through Expansion of AssurantGovernor Wolf Approves Support for 22 Community Revitalization Projects Throughout PennsylvaniaGovernor Wolf Announces New Approvals for Low-interest Loans to Support 13 Small Business Projects in Nine Counties, Supporting Nearly 200 JobsGovernor Wolf Announces $4 Million for Health Care Training Building in Central PAGovernor Wolf Visits Philips Ultrasound, Hosts Roundtable with Pennsylvania Med Tech BusinessesGovernor Wolf Tours Wood-Mode in Snyder County to Highlight Job TrainingGovernor Wolf Visits Dauphin County Technical School, Talks Training and Careers with Health Sciences StudentsGovernor Wolf Attends Turn5 Ribbon-Cutting, Celebrates New Job CreationGovernor Wolf Visits Lehigh Carbon Community College, Visits Commercial Truck Driving Students and EmployersGovernor Wolf Tours All Sports America, Touts Collaboration in Reshoring and New Jobs CreationGovernor Wolf Stresses Agriculture’s Economic Impact; Says New Report’s Recommendations Guide Opportunities for GrowthGovernor Wolf Announces Funding to Repurpose the United Mine Workers of America Career Centers’ Training Center to Connect Dislocated Workers with Family-Sustaining EmploymentGovernor Wolf Applauds State Board of Education for Endorsement of Computer Science StandardsGovernor Wolf Visits Penn State Schuylkill LionLaunch Innovation Hub, Touts Entrepreneurship Opportunities in PennsylvaniaGovernor Wolf Announces Silgan Containers Expanding into Pennsylvania and Creating New Manufacturing Jobs in the Lehigh ValleyGovernor Wolf Announces $1 million in Funding for Scranton Downtown Revitalization ProjectGovernor Wolf to Modernize Outdated Overtime Rules to Strengthen the Middle Class and Provide Fairness for WorkersPennsylvania’s Every Student Succeeds Act Plan Receives Final ApprovalHighlights from Instagramcenter_img Like Governor Tom Wolf on Facebook: By: The Office of Governor Tom Wolflast_img read more

Governor Wolf and PEMA Provide Update on Storm Damage in NE Pennsylvania

first_img June 14, 2018 Press Release,  Weather Safety Harrisburg, PA – As severe storms last night affected much of Northeast Pennsylvania, Governor Tom Wolf and officials at the Pennsylvania Emergency Management Agency (PEMA) provided an update on the storm damage caused by a possible tornado and next steps in the region.“Our first concern is the safety of residents and structures and local emergency responders have worked through the night to secure the scene,” Governor Wolf said. “I will be on site in Wilkes-Barre Township this afternoon to tour the damage at the shopping plazas as the National Weather Service (NWS) and PEMA work with local emergency management to determine if this severe storm was a tornado.”Governor Wolf will visit the shopping centers at 3570 Wilkes Barre Blvd, Wilkes Barre Township, to examine damage there and meet with PEMA Director Rick Flinn and local emergency management and first responders.A half-mile radius around the damage site has been evacuated due to a leaking 750-pound propane tank. PennDOT has been actively engaged in ensuring roads surrounding the damage site are closed and properly signed to provide safety for residents and first responders. Officials are using extreme caution to ensure the area is safe before residents are permitted to return.There are approximately 15 businesses damaged with some partial structural collapse. PEMA is coordinating with the county emergency management agency and the Civil Air Patrol to provide the NWS with aerial reconnaissance information for the assessment. Damage assessments are on-going to determine the extent of the impact. SHARE Email Facebook Twittercenter_img Governor Wolf and PEMA Provide Update on Storm Damage in NE Pennsylvanialast_img read more

Governor Wolf, Pittsburgh Penguins Announce PAsmart Grant to Expand Science and Technology Education

first_imgGovernor Wolf, Pittsburgh Penguins Announce PAsmart Grant to Expand Science and Technology Education February 06, 2019 Education,  PAsmart,  Press Release,  Schools That Teach Pittsburgh, PA – The day after unveiling a plan to create the strongest workforce in the nation, Governor Tom Wolf was joined by Pittsburgh Penguins President and CEO David Morehouse to announce a $442,000 PAsmart advancing grant has been awarded to the Pittsburgh Penguins Foundation. The state grant will help expand the foundation’s STEAM (science, technology, engineering, arts and mathematics) Lending Library to benefit thousands of students across western Pennsylvania.“Over the next decade, seven in ten new jobs in Pennsylvania will require workers to use computers and new technologies in a constantly changing economy,” said Governor Wolf. “I launched PAsmart last year to help students and adults get the skills for those emerging careers.“Investing in projects like the STEAM Lending Library will help students from our cities to our rural communities gain the skills for good jobs here in Pennsylvania that will make our communities stronger.”The Pittsburgh Penguins Foundation, the Citrone Family, and the Allegheny Intermediate Unit established the STEAM Lending Library in 2015. The library is the first of its kind in the nation and allows school districts to borrow the latest educational technology equipment to enhance classroom learning.“The Pittsburgh Penguins Foundation is honored to be the first recipient of a PAsmart advanced grant,” said David Morehouse, president and CEO of the Penguins. “We salute Governor Wolf for his commitment to workforce development and expanded classroom instruction for our students. This amazing grant will enable the Foundation to extend its STEAM education work across 22 counties, encompassing 206 school districts.”Governor Wolf launched PAsmart last year as a groundbreaking approach to prepare students and workers for the jobs of today and tomorrow through STEM and computer science education, apprenticeship and job training.Last month, the Wolf Administration announced the initial wave of PAsmart competitive grants. The $8.7 million in targeted grants will expand computer science classes and teacher training at 765 schools across the commonwealth. Additional PAsmart advancing grants for STEM and computer science, apprenticeships and job training will be announced in the coming weeks.Governor Wolf’s budget expands on the successful launch of PAsmart to create the strongest workforce in the nation that drives the strongest economy. The governor’s Statewide Workforce, Education, and Accountability Program (SWEAP) provides opportunities for Pennsylvanians from birth to retirement.The proposal expands access to early childhood education, increases investments in schools, and partners with the private sector to build on the PAsmart initiative, a groundbreaking approach to workforce development for Pennsylvania’s economy. Governor Wolf’s goal is to develop innovative solutions that close the skills gap and rapidly meet the needs of employers.center_img SHARE Email Facebook Twitterlast_img read more

Pennsylvania Long-Term Care Council Announces Blueprint for Strengthening Pennsylvania’s Direct Care Workforce

first_img May 09, 2019 Pennsylvania Long-Term Care Council Announces Blueprint for Strengthening Pennsylvania’s Direct Care Workforce Press Release Harrisburg, PA – Today, the Pennsylvania Long-Term Care Council (LTCC) released its Blueprint for Strengthening Pennsylvania’s Direct Care Workforce – a culmination of more than a year of work by the council and its committees to propose how to best address the commonwealth’s escalating direct care workforce crisis. The LTCC is a 35-member body charged with making recommendations on regulations, licensure, financing, or any other responsibilities of the departments and agencies that relate to Pennsylvania’s long-term services and supports system (LTSS).“Now is the time to take action on addressing Pennsylvania’s growing need for direct care workers,” said Governor Tom Wolf. “I believe that many of the blueprint’s recommendations and strategies can be achieved through Restore Pennsylvania and my proposal to increase the minimum wage.”The Pennsylvania Council on Aging voted unanimously to support the blueprint and the goals it sets out to achieve. A letter of support for the blueprint will soon be sent from the Council on Aging, to Governor Wolf and the General Assembly.“Each Long-Term Care Council and committee member was essential to the development of the blueprint and ensuring a comprehensive approach,” said Acting Secretary of Aging Robert Torres. “As chair of the LTCC, I am grateful for everyone’s efforts to put forth goals and recommendations that drive much-needed change.”The blueprint was developed after the LTCC voted to adopt the priority of recruitment and retention of direct care workers during its meeting on August 24, 2017. The goals include providing a living wage, enhancing the utilization of technologies, raising awareness, improving data collection, enhancing workplace culture, expanding the pool of potential workers, and better equipping direct care workers to meet the challenges of the profession.Some of the recommendations to achieve these goals include:• Establishing a minimum starting wage of $15 an hour for direct care workers by 2025, with annual increases thereafter indexed to inflation.• Expanding the availability and coverage of technology supports for both direct care workers and LTSS participants by improving the dissemination of information on technology for direct care, and providing greater investment in existing state supported programs.• Establishing a standardized core training and credentialing system for direct care workers, which provides career pathways throughout the continuum of LTSS.All recommendations developed by the council and its four committees – Access, Outreach, Quality, and Workforce – are the result of dialogue with direct care workers, consumers, providers, managed care health plans, and workforce experts. These recommendations are reflected to a large extent in previous Pennsylvania-based reports.In addition, Gov. Wolf will be tasking the Workforce Development Command Center to explore and carry out other recommendations made by the council.The LTCC finalized the blueprint and voted unanimously to support it during its meeting on April 18. Support for the blueprint is representative only of the Long-Term Care Council’s position and does not signify support of the council members’ organizations.You can access the Blueprint for Strengthening Pennsylvania’s Direct Care Workforce by visiting the Department of Aging’s website under “related reports and studies.”center_img SHARE Email Facebook Twitterlast_img read more

El Gobernador Wolf anuncia la asignación de $260 millones en fondos para ayudar a las personas con discapacidad intelectual y autismo durante la pandemia

first_imgEl Gobernador Wolf anuncia la asignación de $260 millones en fondos para ayudar a las personas con discapacidad intelectual y autismo durante la pandemia SHARE Email Facebook Twitter Español,  Healthcare,  Human Services,  Press Release En el día de la fecha, el Gobernador Tom Wolf anunció que las personas con discapacidad intelectual y autismo y los proveedores de servicios de apoyo para estos residentes de Pennsylvania vulnerables recibirán $260 millones en fondos de la Ley CARES para ayudar a continuar con la prestación de los servicios durante la pandemia de COVID-19.“Estos fondos ayudarán a los más de 40,000 habitantes de Pennsylvania que reciben asistencia a través de uno de los programas o instituciones del Departamento de Servicios Humanos”, dijo el Gobernador Tom Wolf. “Ayudará a mejorar la calidad de vida de estos residentes de Pennsylvania vulnerables y de aquellos que han dedicado sus vidas a cuidarlos. Brindará alivio a las familias y seres queridos mediante la tranquilidad de conocer nuestro compromiso con el más alto nivel de atención posible, incluso durante una pandemia”.El Gobernador Wolf se unió a la Secretaria del Departamento de Servicios Humanos, Teresa Miller, quien describió los detalles sobre la asignación de los fondos.“Estos dólares están destinados a suplementar los presupuestos de una industria desarrollada en base a los valores de servicio, cuidado e inclusión, una industria particularmente perjudicada por la pandemia de COVID-19”, dijo la Secretaria Miller. “A todos nuestros proveedores de servicios para la discapacidad intelectual y el autismo y a los profesionales de apoyo directo: gracias por su trabajo incansable y desinteresado a lo largo de los últimos tres meses, y su dedicación por ayudar a los residentes de Pennsylvania con discapacidad intelectual y autismo a lograr la vida cotidiana que se merecen”.Los $260 millones se asignarán de la siguiente manera:• $90 millones para proveedores de servicios residenciales, de apoyo para el cuidado de enfermos y de enfermería por turnos;• $80 millones para proveedores de servicios de Apoyo a la participación comunitaria por los 120 días de pagos de anticipos, que cubren operaciones de marzo a junio; y,• $90 millones para proveedores de servicios en el hogar y en la comunidad, empleo con apoyo y en grupos pequeños, acompañantes y transporte por los 120 días de pagos de anticipos, que cubren las operaciones de marzo a junio.Lea más sobre el proceso de reapertura de Pennsylvania del Gobernador Wolf aquí.View this information in English.center_img June 15, 2020last_img read more

Gov. Wolf Signs Second Renewal of COVID-19 Disaster Declaration for State Response and Recovery

first_img Press Release,  Public Health Governor Tom Wolf signed a second renewal of his 90-day disaster declaration for the COVID-19 pandemic yesterday. He originally signed it March 6 following the announcement of the first two presumptive positive cases of the virus in the commonwealth.“As we approach the six-month mark of this crisis, I continue to be amazed at the resiliency and strength shown by Pennsylvanians during this pandemic,” Gov. Wolf said. “We are going to continue to combat the health and economic effects of COVID-19, and the renewal of my disaster declaration will provide us with resources and support needed for this effort.”The emergency disaster declaration provides for increased support to state agencies involved in the continued response to the virus and recovery for the state during reopening. This includes expediting supply procurement and lifting certain regulations to allow for efficient and effective mitigation.The disaster declaration has allowed for waivers and extensions to continue to provide for Pennsylvanians and businesses under the unprecedented circumstances of the pandemic, including the ability to waive the one-week waiting period to receive unemployment compensation, work search requirements, and the registration with PA CareerLink for applicants, and to provide relief from charges for employers; and allowing the commonwealth to suspend numerous training requirements and certification and licensure renewals for health care professionals, child care workers, direct care workers, direct support professionals, among other professional groups who provide life-sustaining services to our children, seniors, and vulnerable residents.Through the disaster declaration, PEMA has been able to mission assign the National Guard to provide various types of support for long term care facilities, including providing direct patient care support, ancillary support, and testing, and at community-based testing sites. It also provides PEMA with the ability to leverage continued federal support such as non-congregate sheltering.The renewed disaster declaration will continue to support all of these efforts, as well as allow PEMA to rapidly scale response efforts and employ new intervention tactics, such as the administration of a vaccine.The Department of Health’s Department Operations Center at PEMA continues to be active, as is the CRCC there.Read the amendment to the emergency disaster declaration here.Ver esta página en español. Gov. Wolf Signs Second Renewal of COVID-19 Disaster Declaration for State Response and Recovery September 01, 2020center_img SHARE Email Facebook Twitterlast_img read more

New, like new or newly renovated, check out Brisbane’s latest hot property listings

first_img58 Newmarket St, Hendra. Picture:, like new or newly renovated, check out Brisbane’s latest hot property listings.If it is Hamptons’ style you are after this home at 58 Newmarket St, Hendra has it.The newly built home has five bedrooms three bathrooms and a large kitchen off the living and dining area.The bedrooms are upstairs where there is also an entertainment zone.The master bedroom has an ensuite with separate “wash stations’’ and an extra large shower. There is a swimming pool and landscaped gardens as well.At 40 Fanny St, Annerley an offer in the mid to high $800,000s will secure you this four-bedroom, four-bathroom house.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago40 Fanny St, Annerley. Picture: fully restored Queenslander has views of Mt Cootha.Inside the kitchen has been done up with 40mm stone benches, SMEG gas cooktop and appliances.Despite the restoration it still retains original character through stained glass features, VJ walls, feature arches and original floors.This home at 283 Rode Rd, Wavell Heights is described at industrial chic meets contemporary class. 283 Rode Rd, Wavell Heights. Picture: has five bedrooms and uses recycled bricks and cool metal tones to give a contemporary feel.The home has an additional pod at the front complete with a chef’s kitchen, ensuite and sweeping city views.last_img read more

Jewellery box-inspired Main Beach apartment set to sell under the hammer

first_imgThe main bedroom’s ensuite. DETAILS: Address:1153/1 Lennie Ave, Main Beach Bed: 2 Bath: 2 Car: 1 Agents: Richard Keeley and Tracey Goodwin, One Agency — Tracey Goodwin Features: Northeast-facing, ocean views, ducted air conditioning, stone benchtops Area: 159sq m Auction: May 20 at 10am Inspections: By appointment More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThere is ample bench and storage space in the kitchen,Business commitments in Canberra are behind Ms Keeley’s decision to sell her adored Gold Coast base.The home is on the 15th floor of the Liberty Pacific complex.“In my opinion, it’s the best residential-only building in Main Beach,” said One Agency selling agent Richard Keeley.“The facilities are six-star with a huge outdoor pool, indoor lap pool, spa, full-size tennis court, gymnasium, and a huge residents’ entertaining area.” Ralph Lauren wallpaper has been used is some of the rooms. The living area opens onto the balcony. The home at 1153/1 Lennie Ave, Main Beach.TRACY Keeley’s brief to an interior designer was to transform her Main Beach apartment into a jewellery box.“It has a little bit of sparkle about it,” she said.Ms Keeley bought the two-bedroom, two-bathroom home at 1153/1 Lennie Ave about four years ago, drawn in by its northeast-facing orientation and beach outlook. “What I like is being able to stand anywhere in the apartment and have an ocean view,” she said. “When you open up the front door and all you see is ocean … it just blows you away.” The interior has been styled in neutral tones with the odd piece of bling, so as not to distract the eye from the vista.“It’s a very calming place and there’s nothing you’d get sick of as it’s all very serene,” Ms Keeley said.“The Ralph Lauren wallpaper in three rooms just adds to that sparkle.”last_img read more