Tag Archives: wages and salaries

Jun 5 2015

Study: Mohegan Sun Arena Pumped $62 Million Into Economy In 2013

WILKES-BARRE TOWNSHIP, PA  — A new study reveals that Mohegan Sun Arena at Casey Plaza contributed $62.6 million to the economy in 2013, and expansion of the concourse is expected to pump in an additional $7 million this year.
 
The Northeastern Pennsylvania Alliance was contracted by the Luzerne County Convention Center Authority, the governing body of the arena, in May 2014 to conduct the study on behalf of the authority. The NEPA Alliance released the study Thursday.
 
The economic impact analysis considers three things:
 
The overall impact of the operations of the arena, which includes the impact from visitors traveling from outside the impact region (farther than 15 miles).

Read more:  http://www.timesleader.com/news/business-local-news-news/153910780/

May 22 2015

Indicators Report: Economic Recovery In Scranton/Wilkes-Barre Region Isn’t Stable

PLAINS TOWNSHIP, PA — Wages remain relatively low in Luzerne and Lackawanna counties and both need to work on more consistent long-term job creation and growth, said Teri Ooms, executive director of the Institute for Public Policy and Economic Development at Wilkes University.

Economic recovery in the two counties has been uneven since the recession hit in late 2007 and lasted until 2009. While the unemployment rate in the area has been dropping over the last few years, that was because those participating in the labor force decreased, Ooms said.

“The good news is labor force participation has finally begun to increase, more so within the past couple months,” Ooms said. “It is now at pre-recession levels, but the challenge we’ve had is post-recession. There have been too many peaks and valleys. We’re not stable.”

The region’s unemployment rate was among many issues Ooms and Andrew Chew, research analyst, discussed as they presented the institute’s 90-page Indicators Report for Luzerne and Lackawanna counties Thursday at Mohegan Sun Pocono’s convention center.

Read more:

http://citizensvoice.com/news/indicators-report-economic-recovery-in-region-isn-t-stable-1.1886047