Wednesday, November 18, 2009

Daily Briefing, 11/18/2009

Good morning everyone!  Here is today's Daily Briefing.

Mortgage delinquencies are on the rise in the Lehigh Valley, increasing to 4.5% this past quarter (compared to 4.2% last quarter and 3.1% last year).  Five Lehigh Valley companies received grants from Ben Franklin Technology Partners yesterday.  The grants will be used for a variety of purposes.  A temporary census office has opened in Lehigh County - and the office is looking to temporarily hire 700 workers.  In Easton, the manager of the West Ward revitalization effort is retiring, and the program is looking to hire a new manager.  Also in Easton, the city held a public meeting to discuss the possible construction of a new intermodal facility that would connect Easton with New York.

Many state officials receive pay raises each year based on cost of living increases.  However, deflationary pressures, their may actually be a cost of living decrease - which would mean that our elected officials would see no pay raises this year.  In other political news, State Representative Sam Rohrer (R-128) announced yesterday that he will be running for Governor.

We have two Chamber events today: a Western Lehigh and East Penn Chamber of Commerce joint luncheon on why businesses should have wellness programs and an open house and mixer at Stratix Systems.

That's it for now!  Have a great day and we'll see you later.

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