Philly’s ability to generate job growth could mean the difference between renaissance or stagnation

“To a large degree, the city’s fiscal future depends on the number and type of jobs that Philadelphia’s economy generates and where the actual work is done,” said report author Larry Eichel, a senior adviser for Pew’s Philadelphia research and policy initiative. “Again, these are estimates and projections, not predictions,” he added.Of the $1.

Business leaders have urged that Philadelphia’s reliance on wage taxes shift to property taxes and other sources of revenue. and said the idea includes shifting about $40 million annually over the next five years out of American Rescue Plan federal funds to balance the budget. The second scenario is represented by the “Uneven Gains” scenario; that’s the baseline, and the city’s official five-year plan for fiscal years 2022-2026. In the “Uneven Gains” scenario, the city reaches 754,500 jobs.

“Small businesses are the backbone of the American economy and in Philadelphia they generate 33% of the city’s employment,” Rodriguez estimated. “Philadelphia’s high cost of doing business must be addressed.”

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Only Thing Worse Than a Bad Job…On Better Life Lab: There's workplace stress, and then there's the stress of unemployment.
Source: Slate - 🏆 716. / 51 Read more »

Bringing Hollywood to New Jersey: Lionsgate, Great Point Studios to open production facility in NewarkThe facility is expected to create more than 600 new long-term jobs for Newark residents and generate more than $800 million in annual economic impact for Newark and New Jersey.
Source: FoxBusiness - 🏆 458. / 53 Read more »

WATCH LIVE: New Jersey Gov. Phil Murphy, Acting AG Matthew J. Platkin To Make Law Enforcement AnnouncementWATCH LIVE ON CBS NEWS PHILLY: NJ Governor Phil Murphy and Acting Attorney General Platkin are making a law enforcement announcement
Source: CBS Philly - 🏆 308. / 63 Read more »

WATCH LIVE: PPA Joins Bicycle Coalition Of Greater Philadelphia To Announce Major Bike Lane Safety InitiativeWATCH LIVE ON CBS NEWS PHILLY: PPA, Bicycle Coalition of Greater Philadelphia are announcing a new initiative that will improve bike lane safety
Source: CBS Philly - 🏆 308. / 63 Read more »

The best Italian food in Philly, according to Hoagie Dom’s Dominic RocconiDaily News | The best Italian food in Philly, according to Hoagie Dom’s Dominic Rocconi
Source: PhillyDailyNews - 🏆 89. / 67 Read more »