Good morning everyone! Here is today's Daily Briefing.
Thanks to a 2004 decision Northampton County stands to lose as much as $13.5 million in a "swapiton" investment. The Lehigh Valley Economic Development Corporation is looking for a new headquarters and will likely move to downtown Allentown, Bethlehem or Easton. The decision could come as early as May. Bethlehem is engaging in seven energy efficiency projects totaling about $3 million; $700,000 of these projects will be paid for by stimulus funding. Paul Vockler, the Chairmen of the Economic Recovery Advisory Board, spoke at Kutztown's Decision Maker's forum yesterday.
President Obama continues his fight for Wall Street reform, and Senator Robert Casey (D-PA) has emerged as one of the bill's more active proponents.
There are a couple of interesting stories as they relate to the auto industry today. General Motors has repaid $8.1 billion in government loans that it took out from the United States and Canadian governments. There was mixed news for Chrysler, which has lost $4 billion from a year ago, but also turned a small $143 million profit during the first quarter of 2010.
We have three Chamber events today: the launch party for the new INside Allentown guide, our Commercial Real Estate luncheon and a grand opening of Best Buy on Route 33.
That's it for today! Unfortunately, we will likely not have an entry later today, as your resident blogger will be spending the day running around at meetings and attending our Commercial Real Estate lunch. So, see you tomorrow!