Momentum Magazine May 2019 Edition - Page 10

2019 VIEWMONT MALL EXPO APRIL 2, 2019 | 9AM - 4PM WWW.SCRANTONCHAMBER.COM Chamber Hosts 2019 Employment Expos The Chamber recently hosted its 2019 Employment Expos at the Viewmont Mall and at Mohegan Sun Pocono Casino. With more than 100 businesses welcoming job seekers from both Lackawanna and Luzerne counties, the Expos showcase the Chamber’s further commitment to strengthening and growing our region’s workforce. “With all of the job opportunities available throughout northeastern Pennsylvania, Expo participants showed the creativity needed to attract talent in this tight labor market,” said Bob Durkin, president, The Greater Scranton Chamber of Commerce. For more job opportunities, or to submit a job posting, visit the Chamber’s Job Bank at Scranton LERTA Ordinance Approved Through the work of SLIBCO (Scranton Lackawanna Industrial Building Company) and The Scranton Plan, the Chamber has successfully worked with the City of Scranton, the Scranton School District, and Lackawanna County to approve a LERTA (Local Economic Revitalization Tax Assistance) ordinance for the city. “Incentives like LERTA can drive investment in land and buildings, resulting in jobs and, in the long run, an expanded tax base to support local governments,” said Bob Durkin, president, The Greater Scranton Chamber of Commerce. LERTA is a tax abatement program, passed by the Commonwealth of Pennsylvania in 1977, that incentivizes property investment and redevelopment of diffi cult or undesirable properties. A LERTA ordinance can offer abatement of taxes that would otherwise be assessed on qualifying new construction and/or improvements to qualifying existing buildings, resulting in an increased assessment value. The owner of the qualifying property can delay paying the taxes that would be assessed due to the new construction/ improvement for a period of up to 10 years, depending upon the time frame set forth in the local ordinance. To determine whether a project would quality for LERTA, contact Jessica Eskra, solicitor for the City of Scranton, at (570) 348-4105. 10 • The Greater Scranton Chamber of Commerce City of Scranton LERTA: • 100% tax abatement • 10-year term Eligible properties: • Commercial • Industrial • Residential