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EMPLOYMENT NEWS
Data from the PA Dept. of Labor & Industry shows that Wayne County had 400 fewer individuals in our Civilian Labor Force in Nov. 09 compared to Nov. 08, and 700 fewer were employed. Our Civilian Labor Force totaled 24,900, with 23,100 employed and 1,800 unemployed. Our unemployment rate of 7.4% was up from last year, but was again the lowest in the region.
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WIRED GRANT PERIOD ENDING "WHAT'S NEXT?"
With the WIRED/Wall Street West grant period ending on Dec. 31, it is a good time to recap this year's activities and to ask "What's Next?" for Workforce Wayne. Wall Street West infused nearly half a million into Wayne County for multiple projects: $285,000 for development of a new workforce delivery system (Workforce Wayne), $85,000 for Pike/Wayne Education Partnership (through Wallenpaupack Area School District), $40,500 to study the concepts of a higher education consortium and business incubator space, and development of a Technology Plan, and $50,000 to work with neighboring Pike County on a business-education partnership. It is significant to note that grant funds leveraged over $200,000 in local in-kind investment, well above the required match. Key outcomes included:
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NEW SBA LOAN PROGRAM
July 2009 - The Small Business Administration’s America’s Recovery Capital Loan Program (ARC) can provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship. ARC loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months. These loans allow borrowers to redirect cash flow from making loan payments to investing in their businesses, to help sustain the business and retain jobs.
ARC loans are interest-free to the borrower, carry a 100 percent guaranty from the SBA to the lender, and require no fees paid to SBA. Loan proceeds are provided over a six-month period and repayment of the ARC loan principal is deferred for 12 months after the last disbursement of the proceeds. Repayment can extend up to five years. ARC loans are available through SBA-approved small business lenders and have been authorized through Sept. 30, 2010, or until the appropriated funds run out, whichever comes first.
Contact WEDCO or visit http://www.sba.gov/recovery/arcloanprogram/index.html for details.
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NEW GUIDE TO PROMOTE LOCAL WOOD INDUSTRY
June 2009 - The Delaware Highland Conservancy encourages consumers to shop local when looking for wood products and wood services in Pike, Wayne and Monroe counties and, together with a group of dedicated partners, has created the WoodNet Guide. Free-of-charge to consumers, this guide lists local distributors of wood products and services and will be available at libraries and conservation districts in the area and will premier in the beginning of August at the 5th Annual Festival of Wood at Grey Towers in Milford. For more information, contact the Delaware Highland Conservancy at (570) 226-3164.
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