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NEWS
August 6, 2014 | BY MENSAH M. DEAN, Daily News Staff Writer deanm@phillynews.com, 215-568-8278
A FORMER longtime employee at the U.S. Department of Labor's Philadelphia office and a relative were held for trial yesterday on charges that they used credit cards to steal more than $4,100 in gasoline last year. Municipal Judge Patrick Dugan ordered Rhonda Winston, 54, and Maleek Adams, 24, to stand trial on charges of forgery, conspiracy, theft by deception and related counts after a preliminary hearing. The judge dropped a charge of possession of an instrument of crime that both defendants had faced.
NEWS
July 22, 2014 | By Amy Worden, Inquirer Harrisburg Bureau
HARRISBURG - In a state that boasts one of the nation's richest rosters of historic buildings, the long-awaited historic-preservation tax-credit program has become a reality. Two years after Gov. Corbett signed a bill creating tax incentives for restoring older buildings, the first recipients have been named - among them three high-profile projects in Philadelphia. The Department of Community and Economic Development said Monday that it had awarded a total of $3 million in tax credits to 15 commercial projects in 10 counties, including, in Philadelphia, the redevelopment of the old Liberty Title & Trust building next to the Convention Center; the restoration of Park Towne Place Apartments on the Parkway; and the adaptive reuse of St. Peter's Episcopal Church in Germantown.
NEWS
July 21, 2014 | By Carolyn Davis, Inquirer Staff Writer
Two Montgomery County brothers and a Philadelphia man have been charged in a scam that "duped" more than 70,000 people into buying a credit card they thought would help them buy merchandise over the Internet while improving their credit score, the U.S. Attorney's Office in Philadelphia said Friday. Blake Rubin, 30, of Huntingdon Valley, faces a prison term of up to 45 years and a $750,000 fine if convicted. Chase Rubin, 28, of Rydal, could get a maximum sentence of 65 years and a $1 million fine.
NEWS
July 10, 2014 | By Julia Terruso, Inquirer Staff Writer
The New Jersey Economic Development Authority on Tuesday disclosed a proposal to award Holtec International Inc. a 10-year, $26 million tax credit to locate some of its operations in Camden. News of the potential project, listed online as part of a meeting agenda, comes a month after an $86 million tax credit was awarded to the 76ers to build a practice facility on the city's waterfront, moving there from Philadelphia. Holtec, based in Marlton and Jupiter, Fla., is a multinational power-plant supplier founded by Krishna P. Singh, who has an engineering doctorate from the University of Pennsylvania.
BUSINESS
July 2, 2014 | By Linda Loyd, Inquirer Staff Writer
More Americans will travel this Fourth of July for fireworks, barbecues, and the beach visits, despite the highest gasoline prices for Independence Day since 2008. Automobile travel is projected to be at its highest level in years, with more than eight in 10 travelers celebrating the three-day weekend with a road trip, said AAA, the nation's largest automobile club. Forty-one million Americans will journey 50 miles or more from home, a 1.9 percent increase over 2013. The majority, or 34.8 million, plan to drive.
NEWS
June 26, 2014 | By Andrew Seidman and Julia Terruso, Inquirer Staff Writers
TRENTON - In an evening of drama, New Jersey lawmakers nearly fast-tracked a bill through the Legislature that would have made "Renaissance" schools in Camden eligible for tax credits and would offer early retirement benefits to certain employees of the public school district. At the eleventh hour, however, a Senate panel pulled the part of the measure pertaining to the tax credits. The bill, sponsored by Assemblyman Troy Singleton (D., Burlington) and Sen. James Beach (D., Camden)
NEWS
June 17, 2014
ISSUE | VOUCHERS Doing well while doing good Even though July 1 is an important business deadline, it's off the radar for too many company owners. That's the deadline for firms seeking a tax credit to make a meaningful contribution to education in their communities through the Educational Improvement Tax Credit and the Opportunity Scholarship Tax Credit. The first usually is oversubscribed, so last year the budget was increased to $100 million. The state Department of Community and Economic Development, however, estimates that as much as $20 million in these credits could remain unclaimed.
NEWS
June 15, 2014 | By Michaelle Bond, Inquirer Staff Writer
The proposed veterans housing project at the historic Whitehall Inn in East Vincent Township suffered another setback Thursday when it was denied for a second year in a row the state tax credits it needs to become a reality. Mission First Housing Group, a Philadelphia-based developer, was hoping to get low-income housing tax credits that would make up more than 80 percent of the $9.63 million it needs. Thirty-five of the 48 units would be reserved for veterans. The developer, Chester County officials, and community groups that support the project had been confident it would go forward this year.
NEWS
June 12, 2014 | By Julia Terruso, Inquirer Staff Writer
In one of the most generous development deals in state history, New Jersey awarded the 76ers $82 million in tax credits over 10 years to build a practice facility on Camden's waterfront. The dollar-for-dollar exchange allows the Sixers to recoup every cent they spend - not to exceed $82 million - on construction of a 120,000-square-foot state-of-the-art facility and team headquarters. For Camden, it means 250 new jobs - about 200 of which are already filled by Sixers administrators, players, and staff - and the hope that the state-of-the-art behemoth lures additional developers to its tax revenue-strapped city.
SPORTS
March 25, 2014 | By Frank Seravalli, Daily News Staff Writer
THE QUESTION, posed last week on "Philly Sports Talk," was simple in nature. Who is more responsible for the Flyers' success: Craig Berube or Claude Giroux? Off the cuff, my choice was Giroux. The thought: Coaches don't score goals - and it isn't often in professional hockey that coaches win games. Giroux has scored more points - 54 in his last 39 games - than any player in the league since early December. With his name percolating in the race to join Sidney Crosby as a Hart Trophy finalist, Giroux has played out of his mind over the last few months to turn the Flyers from a playoff joke to a playoff lock.
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