Pottstown School Board Approves Keystone Tax Break For New Business

Location of Pottstown in Montgomery County

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  See what happens when we are all on the same page!  This sends a positive signal to the investment community that Pottstown is “OPEN FOR BUSINESS”.   This needs to happen more often.  Two Thumbs Up to all involved!

POTTSTOWN — With a 7-2 vote Monday night, the Pottstown School Board endorsed a property tax break for a business that wants to re-locate to the former 84 Lumber truss plant on Keystone Boulevard.

School board members Polly Weand and Andrew Kefer cast the only votes against endorsing the Keystone Opportunity Zone tax exemption for Conshohocken-based Heritage Coach Co., which sells hearses and limousines.

The vote comes just three days after state Rep. Mark Painter, D-146th Dist., announced his support for the tax break.

Under the terms of the deal negotiated by Schools Superintendent Jeff Sparagana and Borough Manager Mark Flanders, Heritage would pay no property taxes in the first three years of the 10-year deal.

Read more:  http://www.pottsmerc.com/article/20130326/NEWS01/130329480/pottstown-school-board-approves-tax-break-for-new-business

US Airways Moon Township Center May Close

FAA Airport Diagram of KPIT

FAA Airport Diagram of KPIT (Photo credit: Wikipedia)

US Airways may jettison yet another Pittsburgh International Airport facility built specifically for its needs — one financed with the help of more than $16 million in public subsidies.

In a meeting last week with pilots, US Airways CEO Doug Parker said the carrier may close its state-of-the-art operations control center in Moon in “a couple years” as a result of its merger with bankrupt American Airlines.

If Mr. Parker’s prediction holds true, it would be the latest blow to a region that has seen US Airways slash more than 10,000 jobs and hundreds of flights over the past decade.  The airline also eliminated its Pittsburgh hub in 2004 — 12 years after the midfield terminal, built to its specifications, opened to support the airline’s growing needs. US Airways now has about 1,800 employees in the region.

Closing the operations control center would cost the region another 700 jobs.  The 72,000-square-foot building opened in November 2008 after Pennsylvania and Allegheny County officials outbid Charlotte, N.C., and Phoenix for the facility.  It combined a center in Findlay that US Airways had operated for 11 years and a smaller one in Phoenix, the result of the carrier’s 2005 merger with America West Airlines.

Read more: http://www.post-gazette.com/stories/business/news/us-airways-moon-center-may-close-680893/#ixzz2OfqwUXRr