Good morning everyone! Here is today's Daily Briefing.
There was some big news in local politics, as Senator Rob Wonderling (R-24) announced he would resign his Senate seat on August 1 to become the new President of the Philadelphia Chamber of Commerce. Locally, State Representative Bob Freeman (D-136) and Montgomery County Commissioner Bruce Castor are possible candidates to replace Wonderling. The seat includes portion of Lehigh and Northampton counties. Local dealers are reacting to GM's bankruptcy by saying that it won't drastically change their operations. In fact, the biggest concern for GM and related brands seems to be the resale value of the cars. There is some good local news, as the Lehigh Valley unemployment rate held steady at 8.3%, higher than the PA average (7.8%) but lower than the U.S. average (8.9%).
In state-wide news, four potential candidates for Governor (including Lehigh County's Don Cunningham) spoke at a forum yesterday in Harrisburg. All stressed their opposition to a tax hike.
Business Matters aired yesterday - the topic was the possible 1% sales tax increase designed to reduce the property tax burden and increase regional efforts. The show will be online later today, and you can also catch up on the debate over at the Business Matters blog.
We have three Chamber events today - the TRACC annual dinner, a Greater Northern Chamber of Commerce lunch and a Dale Carnegie workshop on creating new business opportunities.
And that's it for today! Have a great day and we will see you later.