Tuesday, August 30, 2011

Daily Briefing, 8/30/2011

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

Hurricane Irene is now gone, and thankfully, the damage was less than feared.  The number of homes  in Lehigh County without power is now less than 4,000.  President Obama has declared Pennsylvania a federal disaster area, authorizing the use of federal funds to help pay for the damage left in Irene's wake.  In total, Irene's damage is estimated to be $10 billion.

In other news, unemployment in the Valley rose to 8.8%, the third straight month the number has increased.  In Bethlehem, Serfass Construction has been hired to complete work on the Sands event center.

In state-wide news, state liquor store profits increased by more than $30 million last year, but still fell short of their targeted contribution to the Pennsylvania budget.  State Senator John Rafferty (R-44) has declared his candidacy for Attorney General in 2012.

We have one Chamber event today: an Open House with the Delaware River Joint Toll Bridge Commission.

That's it for now!  Have a great day, and we'll be back later.

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