Thursday, January 3, 2013

Business News in the Lehigh Valley, 1/3/13

Good morning Lehigh Valley. On this day in 1959, President Eisenhower signed a proclamation admitting Alaska to the Union as the 49th state.

A New York City based brewing company, Ruckus Brewing, has won the right to try to convert the run-down Neuweiler Brewing Company in east Allentown into a multipurpose development. Roughly half of the property would be used to brew the company's different beers and would also house a brewpub, and the other half would be re-purposed into various retail and commercial uses.

On Wednesday, Bethlehem City Council unanimously voted in favor of the amusement tax, which would put a 5% tax on event tickets (concerts, sports, etc.) valued at $10 or more, and the tax would have a cap at $1.50/ticket. The money from the tax will go towards the funding of police and emergency services at such events. The tax will not affect events with fewer than 200 people, or tickets for movies or high school sporting events.

Governor Tom Corbett announced Wednesday that the state of Pennsylvania would sue the NCAA for strict sanctions placed against Penn State University in the wake of the Sandusky scandal. Gov. Corbett alleges that NCAA was "overreaching and unlawful" in their punishment against the University. He also went on to say that the sanctions imposed mostly punish the local businesses and citizens of Pennsylvania.

 New Jersey Governor Christie criticized House Speaker Boehner on Wednesday for refusing to allow a vote on Hurricane Sandy relief to the Northeast. It has been 66 days since the hurricane hit the states, and the delay in congress is much longer than following other natural disasters. Within hours of the speech, Boehner and Republican House leadership announced there would be a vote for an initial round of this week, followed by a vote on the remaining amount on January 15.

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