Governor Wolf Announces Expansion of Veteran-Owned Homeland Manufacturing Services in Centre County, Creation of New Jobs

first_img Economy,  Jobs That Pay,  Press Release,  Veterans Harrisburg, PA – Today, Governor Tom Wolf announced that Homeland Manufacturing Services, Inc. (Homeland), a veteran-owned electronics manufacturer, will expand and establish a new facility in Benner Township, Centre County, supporting the creation and retention of 30 jobs in the area.“Any time we can support Pennsylvania veterans in their business enterprises, it’s great news – but especially so when it means the business is creating good, reliable jobs in the manufacturing sector,” Governor Wolf said. “Homeland has been growing in Centre County since 2011, and I applaud its decision to continue its growth right here in Pennsylvania.”Homeland requires more production capacity to grow, and will establish a new facility in Benner Township with an initial 12,500 square feet of space. The company will invest at least $1.96 million into the project, which is expected to create 10 new full-time jobs and retain a further 20 jobs over the next three years.“As one of the fastest-growing veteran-owned private manufacturers in the U.S., we’re proud to expand right here in Centre County where we’ve been since the start,” said John Bonislawski, president and CEO of Homeland. “We appreciate the support of the Governor’s Action Team in making this expansion a reality.”Homeland received a funding proposal from the Department of Community and Economic Development for a $13,500 grant through the WEDnet program to assist with job training costs, and was also approved for a $2.65 million low-interest loan through the Pennsylvania Industrial Development Authority (PIDA) earlier this month. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Moshannon Valley Economic Development Partnership (MVEDP).“Back in September, the MVEDP was very pleased when the PIDA board approved our organization to administer the PIDA loan program throughout all of Centre County, and in less than one month, we were involved with John Bonislawski to assist him with a PIDA loan for his expansion project,” said Stan LaFuria, executive director of the MVEDP. “We are pleased and proud to partner with the state to support this expansion project that will create jobs here in the region.”Homeland is a veteran-owned full-service electronics manufacturing services provider created in 2011. The company is driven by the principles of lean manufacturing and certified with a 9001:2008 quality management standard from the International Organization for Standardization, which denotes the company consistently meets customer satisfaction standards and regulatory requirements. Homeland has extensive experience in electronics manufacturing process development and control, supply chain management, program management, quality systems, and design for manufacturability.For more information about the Governor’s Action Team or DCED, visit dced.pa.gov. October 23, 2018 SHARE Email Facebook Twittercenter_img Governor Wolf Announces Expansion of Veteran-Owned Homeland Manufacturing Services in Centre County, Creation of New Jobslast_img read more

Governor Wolf Highlights Plan to Help Bridgeville Families, Businesses Hurt by Flooding

first_img SHARE Email Facebook Twitter Governor Wolf Highlights Plan to Help Bridgeville Families, Businesses Hurt by Flooding February 28, 2019center_img Infrastructure,  Press Release,  Restore Pennsylvania Bridgeville, PA – Governor Tom Wolf was joined by Allegheny County Executive Rich Fitzgerald, Bridgeville leadership, and local businesses, to discuss the need for funding to assist Pennsylvania’s communities with storm preparedness and disaster recovery.“Last year was the wettest year on record in Pennsylvania, and communities across the state were impacted by record-breaking rainfall and flooding,” said Governor Wolf. “Restore Pennsylvania will provide funding to help towns and cities deal with storm water mandates, upgrade flood walls and levees, replace high-hazard dams, and conduct stream restoration and maintenance to help protect our communities. Restore Pennsylvania will help homeowners put their lives back together after severe storms by establishing a disaster relief trust fund to assist individuals who suffer losses that the federal government will not fund.”To achieve these goals, Governor Wolf announced a bold, infrastructure initiative, Restore Pennsylvania, funded by the monetization of a commonsense severance tax. Restore Pennsylvania will invest $4.5 billion over the next four-years in significant, high-impact projects throughout the commonwealth to help catapult Pennsylvania ahead of every state in the country in terms of technology, development, and infrastructure.Encompassing new and expanded programs to address five priority infrastructure areas including High Speed Internet Access, Storm Preparedness and Disaster Recovery, Downstream Manufacturing, Business Development, and Energy Infrastructure, Demolition, Revitalization, and Renewal, and Transportation Capital Projects, Restore Pennsylvania projects will be driven by local input about local needs. Projects identified by local stakeholders will be evaluated through a competitive process to ensure that high priority, high impact projects are funded and needs across Pennsylvania are met.In Bridgeville, the governor outlined how Restore Pennsylvania will help the borough and Allegheny County by with flood prevention and disaster recovery. The National Weather Service reported that more rain fell over the area in June 2018 than had fallen in any other June in the past decade. An estimated 126 homes and 48 businesses were affected in some way by flooding on June 20.“I am encouraged and excited about the potential opportunities of Restore Pennsylvania,” said Lori Collins, Bridgeville Borough Manager. This proposal would assist a small municipality such as Bridgeville Borough with large hazard mitigation project needs assistance that has not been available to us in the past; allowing us the opportunity to invest in our community to provide a safe, prospering region for residents and business owners, and the foresight to plan for future economic development within our community.”Storm Preparedness and Disaster RecoveryCritical Flood Control InfrastructureRestore Pennsylvania will provide funding for flood prevention that will protect against severe weather and save homes and businesses in flood prone areas across the state. Restore Pennsylvania will provide funding to help towns and cities prepare for flooding and severe weather, upgrade flood walls and levees, replace high-hazard dams, and conduct stream restoration and maintenance.Helping Families RebuildRestore Pennsylvania will establish a disaster relief trust fund to assist individuals who suffer losses that are not compensated by the Federal Emergency Management Agency or other programs.View the full Restore Pennsylvania plan here.last_img read more

These are the suburbs where the number of people looking to buy has soared

first_imgPopularity is building for houses in Dakabin, where this home at 19 Vibrant Court is listed for sale. Picture: realestate.com.auDEMAND for property has jumped more in Dakabin north of Brisbane than any other suburb within 30km of the Brisbane CBD.New figures released by property listing website, realestate.com.au showed that Dakabin houses received an average of 471 visits per property during the period – up 102 per cent since October last year.In Chuwar there was an average of 537 visits per house – 88 per cent higher than six months ago.It was many of greater Brisbane’s more affordable suburbs which recorded the increase in viewings during the period.Fitzgibbon, which has a median house price of $470,000 was next on the list, with an average of 560 views, 81 per cent higher.In the unit market Daisy Hill experienced the biggest jump in demand of 217 per cent with an average of 466 views per property in the past six months.It was followed by Mackenzie which increased 215 per cent with 564 average views and then Boondall which was up 88 per cent with 225 views.Unit demand has grown in Daisy Hill, where this unit at 20/18 Daisy Hill Rd is under contract. Picture: realestate.com.auWHERE DEMAND HAS GROWN (houses)Dakabin 102%Chuwar 88%Fitzgibbon 081%Kallangur 78%Karalee 72%Deagon 71%Mount Cotton 70%Kuraby 70%More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoBarellan Point 69%Carseldine 68%WHERE DEMAND HAS GROWN (units)Daisy Hill 217%Mackenzie 215%Boondall 88%Deagon 85%Bridgeman Downs 81%Doolandella 75%Murrumba Downs 64%Mango Hill 61%Ormiston 57%Fitzgibbon 55%Source: REA Grouplast_img read more

Global assets under management to exceed $100trn by 2020, PwC predicts

first_imgAn estimated annual growth rate of 6.6% until the end of the decade will see global pension fund assets reach $57trn (€42trn), according to analysis by accountants PwC.In a report entitled ‘Asset Management 2020: A Brave New World’, PwC said the asset management industry would grow to $101trn by the end of the decade.It said, however, that the market share of assets for the management industry would not grow substantially.The growth will be driven by an increase in overall assets from affluent clients and high net-worth individuals, coming from emerging and frontier economies. Despite the majority of asset growth coming from retail areas, PwC highlighted pension fund assets as a major contributor, continuing growth seen since the turn of the century.From the $33.9trn in assets seen in 2012, the move towards the $60trn mark will be helped by a 9.9% growth in Latin American retirement assets, over eight years, and 9.5% from Asia Pacific.PwC predicted European assets would increase by 6.2% from 2012 to 2020 and that US assets would grow by 5.7%, but that both would still account for the majority of global assets, at $14trn and $30trn, respectively.PwC said, despite some defined benefit (DB) scheme assets being frozen, it would continue to represent a critical amount.“However,” the report said, ”the increase in investable assets mainly stems from defined contribution (DC) schemes created in countries of fast-growing GDP and prosperity. Pension funds will swell the total assets managed as both developed and developing countries attempt to bring more savers under the retirement umbrella.”The company also predicts that mandates, stemming from institutional investors, would continue to grow, and at a greater pace to mutual funds.Assets managed under mandates will hit $48trn by 2020 compared with $41trn in mutual funds, with the former growing by 5.7% over the eight years, compared with 5.4% for the latter.The firm predicted that, out of the $48trn in mandated assets, a significant majority would remain in active management, accounting for $35trn.Rob Mellor, who led the report’s publication, said the asset management industry had not yet focused on the future, but that shifts would begin to occur.He said managers would be unable to take advantage of the growth in assets from pension funds and high net-worth individuals unless they showed their commitment to managing assets to the best of their ability.“Strong branding and investor trust in 2020 will only be achieved by those firms that avoid making mistakes that attract the ire of investors, regulators and policymakers,” he said.“Asset managers must deliver the clear message that they deliver a positive social impact to investors and policymakers. The efforts required to satisfy investors and policymakers cannot be left to others.”last_img read more

UK accountants, actuaries welcome amended FRC proposals

first_imgAccountants and actuaries have backed a UK proposal to clarify how defined-benefit plan sponsors account for a minimum funding requirement.The proposals in question are detailed in FRED 55 – draft amendments to FRS 102 – which the UK’s Financial Reporting Council (FRC) published on 20 August.They affect businesses reporting under the new UK GAAP framework of FRS 102, a financial reporting standard that will apply in the UK and the Republic of Ireland from 1 January 2015.Out of 20 comment letters from interested parties, all registered support for the FRC’s actions. However, commentators did warn that FRED 55 failed to address surplus recognition. Aon Hewitt actuary Simon Robinson said: “FRED 55 suggests that the ‘additional liability’ parts of IFRIC 14 do not need to be applied to FRS 102 but is silent on whether to consider the surplus recognition parts of IFRIC 14.“So we are left with the likelihood of diversity in this area. In my view, FRED 55 should address surplus recognition as well.”The publication of FRED 55 is the latest step in a major shake-up of the accounting framework in the United Kingdom and Ireland, which will see the introduction of FRS 102.FRS 102 is a localised version of the International Financial Reporting Standards (IFRS) for Small- and Medium-sized Entities and replaces existing UK GAAP with a single point of reference.Section 28 of FRS 102 replaces FRS 17, which is a standalone accounting standard. Its new requirements apply from 1 January 2015, along with the rest of FRS 102.FRED 55 deals with circumstances where a DB plan sponsor has booked a DB asset or liability on its balance sheet under FRS 102.The approach proposed in FRED 55 potentially creates divergence in practice between UK GAAP and the application of the International Accounting Standards Board’s asset-ceiling guidance, IFRIC 14.FRED 55 says that where a defined benefit (DB) plan sponsor agrees to pay a schedule of deficit contributions, the sponsor need not look at whether it will build up a surplus in the future and then decide whether any benefit will flow from that surplus.Instead, the sponsor only has to calculate any plan surplus or deficit at the balance sheet date. Put differently, it shortcuts IFRIC 14’s two-step process.And complicating this situation is the move earlier this year by the International Financial Reporting Standards Interpretations Committee to investigate how a scheme trustee’s actions might affect surplus recognition.In particular, the committee, which is responsible for IFRIC 14, explored whether a trustee’s power to increase member benefits, or wind up a plan, would mean sponsors could no-longer book a plan surplus.The committee’s discussions during July led some commentators to fear that it might become all but impossible to report a surplus.Any such move, consultants Aon Hewitt warned in August, would leave FTSE 350 companies to take a £25bn (€31.7bn) balance sheet hit and blow a £1bn hole in net income.Those fears receded in September, however, when the committee’s subsequent discussions suggested that any changes to IFRIC 14 would hit just a small number of plan sponsors – if any.In comment letters on FRED 55, audit giant EY, as well as actuaries JLT and Towers Watson, warned that the proposals failed to deal comprehensively with practice under IFRIC 14.The advisers also said that there remains a real risk of divergence in practice emerging in this area.EY wrote: “We would therefore encourage the FRC to monitor this issue and reconsider at a later date whether it should take any action to clarify how this paragraph should be applied.”JLT argue that the draft amendment was principally concerned with the recognition of additional liabilities in respect of a schedule of contributions – the ‘minimum funding requirement’ aspects of IFRIC 14.“It does not clarify whether or not the remainder of IFRIC 14 should be referred to when deciding on whether a surplus is recognizable.”JLT also claimed that FRS 102 could be more flexible on the issue of surplus recognition than the standard it replaced, FRS 17.
“The key difference between the two standards is the wording  ‘agreed by  the  pension scheme trustees as the balance sheet date’ as, in practice, this means that the possibility of allowing for a refund is not usually available under FRS 17.“The wording of FRS 102 omits this additional detail and so implies that thereis more flexibility to recognise a plan surplus as an asset.”And Towers Watson actuary Charles Rodgers wrote: “Having clarified the non-application of one particular aspect of IFRIC 14, it would also be helpful if the FRC could indicate whether any of the other requirements of IFRIC 14 should be applied to Section 28 of FRS 102.”In addition, on a separate issue, FRED 55 confirms that entities should recognise the effect of restricting the recognition of surplus in a DB plan, where surplus is not recoverable, in other comprehensive income and not in profit and loss.Further action by both the FRC and the IFRS IC is expected in the new year.Separately, on 16 December, the FRC published a revised version of Actuarial Standard Technical Memorandum 1, its pensions communications standard.The FRC said in a statement that the new standard reflected “the implementation of automatic enrolment, legislation on same-sex marriage and to enable pension providers to more effectively take account of the impact of guaranteed annuity terms.”last_img read more

UK regulators outline co-operation strategy

first_imgThe UK’s financial services and pension sector regulators have pledged to “deepen” their relationship, as they launched a joint strategy to manage risks and focus on key areas of the rapidly growing UK pensions market.Addressing delegates at the Pensions and Lifetime Savings Association conference in Liverpool this morning, Lesley Titcomb, chief executive of the Pensions Regulator (TPR), said the supervisors have had to react to a changing pensions landscape.“Millions more people are saving, which is a great thing. We as regulators have had to adapt,” she explained.The new strategy – ‘Regulating the pensions and retirement income sector’ – will see TPR and the Financial Conduct Authority (FCA) focus on four key areas. It aims to assist those struggling to maximise pensions savings, prevent investments being badly managed, prevent pension funds being poorly managed, and assist people to make better financial decisions. David Geale, director of policy for the FCA, joined Titcomb on stage in Liverpool to explain the strategy was a response to “a huge amount of change” in the UK pensions market.“We felt it was important to take a step back and look at where our focus should be,” he said. “It is important that we adopt a more integrated approach and focus on joint objectives.”Geale said closer attention would be paid to customers’ access to and participation in products that support later life living. The regulators would spend more time ensuring that funds were well-funded and “invested appropriately”.The FCA director said that the regulators would also be looking at the governance and administration of schemes and levels of consumer understanding.TPR recently adopted a new approach to regulation, Titcomb told delegates.“We are redesigning our regulatory model, and the day-to-day approach to regulation,” she said. “The most public example is introducing one-to-one supervision for the highest risk schemes.”Titcomb said that the regulator was keen to underscore its commitment to being clearer, and acting more quickly, in addition to its well-documented intention to become tougher.She also outlined further detail on the regulator’s “high volume regulatory approach,” designed to enable the watchdog to keep on top of its responsibilities in a growing market.She said: “What we will be doing is identifying emerging risks and tackling that with a group of schemes to see how they respond. Only then will we be using escalating interventions for the ones that don’t respond, or are unable to demonstrate they are dealing with things.”In August, the two regulators launched a joint campaign to raise awareness of pension scams, after both TPR and the FCA were criticised for their response to issues with the restructuring of the British Steel Pension Scheme.last_img read more

Fans banned from Barca v Napoli UCL tie over coronavirus

first_imgRead Also: Barcelona vs Napoli: Fixture may hold behind closed doorsThe decision was taken following a meeting between club officials and Catalan medical staff earlier Tuesday.“The decision was taken on medical grounds,” Catalonia’s health chief Joan Graux said following the meeting.Napoli, meanwhile, were forced to deny press reports that they had asked for the match to be postponed.“Napoli abides by decisions taken by the Italian government and UEFA.” the club tweeted, describing the reports as fake news. Loading… “The Champions League match scheduled for Wednesday, March 18, between FC Barcelona and Napoli, will be played at Camp Nou behind closed doors,” the Spanish giants said on Twitter.Two other Champions League matches – Tuesday’s tie between Valencia and Atalanta in Spain, and Wednesday’s Paris Saint-Germain v Borussia Dortmund match – are scheduled to be played in empty stadiums in efforts to curb the spread of the killer virus.PSG’s match at the Parc des Princes was forced behind closed doors after the French government announced a ban on all gatherings of more than 1,000 people in a country where 1,412 cases of COVID-19 infections have been recorded and 25 deaths.The announcement was closely followed by the postponement of the Six Nations rugby match between France and Ireland scheduled for Saturday in Paris.Spanish club Valencia’s match against Atalanta was considered high risk and ordered behind closed doors because the Italian side come from Bergamo in the Lombardy region, one of the areas of Italy most affected by the virus.Italy, Europe’s worst-hit country with 9,172 cases and 463 deaths, on Monday banned all sporting events until April 3, suspending all Serie A football fixtures.Barcelona said the match would be played without spectators in line with recommendations from the regional Catalan government. FacebookTwitterWhatsAppEmail分享 center_img Barcelona’s Champions League round of 16 return match against Napoli on March 18 has been ordered to be played behind closed doors because of the coronavirus outbreak, both clubs announced Tuesday.Advertisement Promoted Content6 TV Characters Whose Departures Have Made The Shows Better5 Of The World’s Most Unique Theme ParksCouples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme Parks8 Shows That Went From “Funny” To “Why Am I Watching This”Here Are The Top 10 Tiniest Mobile Phones On The Planet!Who Is The Most Powerful Woman On Earth?10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever Made10 Bollywood Celeb Weight Loss Transformations That Will Stun You7 Ways To Understand Your Girlfriend BetterWhy Do So Many Digital Assistants Have Feminine Names & Voices?last_img read more

Bulldogs Roar Past Lions On The Links

first_imgBatesville vs Rushville Boys Golf at Hillcrest Country Club.Team Scoring:  Batesville: 170,  Rushville: 205Individual Scoring for Batesville:  Dominique Schildknecht 38, Alec Giesting 43, Henry Luchow 42, and Jacob Paul 47.Medalist: Dominique Schildknecht-Batesville (38)Courtesy of Batesville Coach Ben Siefert.last_img

Bulldogs Boys CC Team Wins 4-Way Meet At ND

first_imgThe Batesville Varsity Boys Cross Country Team started their season Thursday night with a win. They traveled to North Decatur to run against North Decatur, Greensburg, and South Decatur.Scoring for the boys were Caleb Moster who was first for the teamand first overall with a time of 18:06. Next through for the Bulldogs was Conner Bell who came in third overall and second for the team with a time of 18:57. Coming in 4th overall and third for the Bulldogs was Cole Nuhring with a time of 19:19. Fourth for Batesville and 6th overall was Clay Yeaton with a time of 19:46. Rounding out the scoring for Batesville was Chris Riffle. He finished 5th for the team and 8th overall with a time of 20:20.Batesville finished with a total of 22 points, followed by South Decatur with 48, North Decatur with 69, and Greensburg with 78. Courtesy of Bulldogs Coach Ben Pierson.last_img read more

Lady Trojans Volleyball Team Wins Union County Invite-JV EIAC Results

first_imgECVB traveled to Union County for their annual invitational where we took home the championship for the 3rd consecutive year! We went 3-0 in pool play defeating Alexandria, Union County & Seton Catholic then faced Lawrenceburg in the championship.  EC vs. Alexandria We opened the day against a scrappy Alexandria team. They gave us a good test first thing in the morning. They hustled and picked up a lot of what we were throwing at them so we had to continue to pursue the ball and refuse to quit. The girls started to gel a little bit with our new line up in this match. We did a better job at executing a faster offense and the girls pushed themselves every point. They did a great job at using this match as a stepping stone in the right direction for the postseason coming up Tuesday! EC vs Alexandria 10-12-19EC vs. Union CountyWe came in underestimating our opponent. We were going through the motions instead of pushing ourselves to prepare for the post-season. We did just enough to get by in this match and it is reflected on the scoreboard. The “a win is a win” phrase no longer applies at this stage in the game. We gave up too many points and didn’t earn enough on our own terms. The girls fought and didn’t quit, but we put ourselves in a situation we didn’t have to be in. We have to be cleaner and more precise as we head into the postseason.     EC vs Union County 10-12-19EC vs. Seton CatholicWe came out pretty fired up in this match after playing down against Union County. The girls worked on speeding up their offense and building the connection between setters and hitters. They pushed themselves and caught Seton off guard with the level they were performing at. The second game, we let up off the gas a little and Seton took advantage of it. It was a tight set most of the game, but the Lady Trojans were able to hold off Seton to secure the victory.EC vs Seton Catholic 10-12-19EC vs. LawrenceburgAfter going 3-0 in pool play and finishing first in our pool, we had to face Lawrenceburg for the third time this season for the championship. It is never easy beating a team three times in one season, but the girls were up for the challenge. They were fired up and full of energy! They started strong and didn’t let up throughout the entire match. Both our offense and defense held their own and did their job. Many players stepped up and had a positive impact on the game, which is something we have struggled with as of late.     EC vs Lawrenceburg 10-12-19 (1)Varsity is now 22-9 on the season, rounding out our 10th consecutive 20+ seasons!Next up: round 1 of sectionals at Bloomington North vs Bloomington North at 7 pm Tuesday.     Courtesy of Trojans Coach Cassie Laker.ECVB JV vs. Rushville. Lost 2-1. 25-1, 19-25, 15-7ECVB JV vs. Franklin County. Win 2-0. 25-21, 25-21    ECVB vs. Lawrenceburg. Lost 2-0. 25-20, 25-17   ECVB JV vs. Greensburg. Lost 2-0. 25-21, 25-18   This past Saturday, The JV Lady Trojans traveled to Greensburg to compete in the EIAC JV Tournament. On the day the girls went 1-3. Injuries, low numbers, and young experience were all factors that did not play in our favor this season or on Saturday, but they were factors that taught the girls and me more than I ever thought one season could. Saturday did not result in the way we wanted it to, for no one wants to end their season with a losing day. Throughout the day there were many positives in the connections, communication, energy, and level of play the girls executed, but they played these positives in waves and we all know playing a game in waves does not benefit you in the end. With Rushville losing to Franklin County in the last game of pool play we landed as the 2nd place team in our pool and went on to compete against Greensburg in the final match of the day.  In the final match against Greensburg, it was very obvious that fatigue had set on both sides of the court. It was a long day of volleyball, especially for the younger girls. It took a lot to get the game moving and once it did we took the momentum at first but it didn’t last long enough to bring success in set one. In set two, the girls knew it was a do or die situation and that it was up to them to determine how they wanted to finish their season. Even though the match ended in an 0-2 loss, and it was a frustrating day for the girls, I know they were trying to give most of what they could with the little they had left.  This season as a whole was a season of challenges, growth, patience, etc. As for being a young coach with even younger girls it was a rookie year for almost all of us. I am very thankful to have had such a goofy, outgoing, and dedicated group of girls in my first year of coaching. Many times the girls joked in saying they would be my “favorite” team I ever coached, but they most definitely will be a group I will never forget. Not only because they were my first team as a coach, but because they were one of my biggest challenges in life, in a good way. I am very proud of the younger ones who stepped up and filled shoes so quickly in such a disciplined program. I am very excited to see where their volleyball career takes them and I am excited to continue to coach them through! center_img ECVB JV ended their season 14-13….and 6-1 in the EIAC.Courtesy of Trojans Coach Josie Andres.last_img read more