NOV 2024
CHAMBER CONNECTION
Your connection to the greater Hanover business community.
CHAMBER NEWS Pages 4-6
MEMBER SPOTLIGHT Pages 7-8
BUSINESS BRIEFS Pages 8-10
EVENTS
Page 11
THANK YOU WORKFORCE SPONSORS
Pennsylvania's Pro-Business Momentum in 2024 The Hanover Area Chamber of Commerce is committed to working closely with our state legislators to promote a pro-business climate throughout the Greater Hanover region and across the commonwealth. In 2024, Pennsylvania has taken significant strides to enhance its business climate, much of that thanks to the efforts of our own local legislators. Several notable legislative initiatives have been enacted to foster economic growth and create a favorable environment for businesses to thrive. The Chamber would like to share a very brief overview of the progress that has been made in 2024: Corporate Tax Reduction: The reduction in corporate net income tax rates offer significant tax relief to businesses, allowing them to reinvest savings, expand operations, and enhance competitiveness. Regulatory Streamlining: Simplified regulatory processes facilitate business operations by reducing compliance burdens and expediting permit approvals. Expanded Tax Incentives: Increased tax credits and incentives for research and development, job training, and energy efficiency projects stimulate innovation, skill development, and sustainable practices. Infrastructure Investment: Significant investments in transportation infrastructure, including roads, bridges, and public transportation, improve connectivity, reduce transportation costs, and enhance the overall business climate. Employee Savings Incentives: Pennsylvania has introduced tax credits for businesses that match employee contributions to the Pennsylvania 529 College and Career Savings Program and the Pennsylvania ABLE savings program for individuals with disabilities. This initiative encourages businesses to support their employees' long-term financial security. Beginning in January 2025, employers can take advantage of this credit while providing more meaningful benefits to their workforce. These pro-business measures have created a more attractive environment for businesses to operate and grow in Pennsylvania. By prioritizing the needs of businesses, the state is positioning itself as a competitive destination for investment and a catalyst for economic prosperity. We look forward to continuing to work closely with municipalities, legislators, and various state departments to foster economic growth and thriving communities throughout our region and across Pennsylvania. Join the conversations at our quarterly Legislative Luncheons or reach out to discuss how the Chamber can continue to work on behalf of your business. 40 York Street, Suite 2 Hanover, PA 17331 717.637.6130 www.hanoverchamber.com