At Little Amps Coffee Roasters, Casey Was Joined by Regional Business Leaders to Make Case for Legislation that Would Allow Businesses to Make Infrastructure Improvements / Casey Plan Has Broad Bipartisan Backing and Could Become Law This Year / Bill Would Help Restaurants, Retail Stores Make Improvements and Expand by Allowing them to Recoup Cost of Physical Improvements in 15 Years as Opposed to 39 Years
Harrisburg, PA- Today, U.S. Senator Bob Casey (D-PA) unveiled bipartisan legislation that could help a local Harrisburg business open a new location in the region. At Little Amps Coffee Roaster, Casey was joined by business leaders from the region, and made the case for legislation that would allow businesses to more quickly write down the cost of infrastructure improvements. Restaurants and retail stores throughout Pennsylvania and the nation could more easily finance an expansion or physical improvements by recouping the cost in 15 years as opposed to 39 years. The Casey plan, which has the backing of a broad bipartisan coalition, could become law in the new year.
“Small businesses like Little Amps are the foundation of economic growth in Pennsylvania and across the country,” Senator Casey said. “Passing this bipartisan legislation will give small businesses the certainty they need to grow and create jobs.”
Senator Casey’s legislation is designed to support smaller companies by spurring capital investments, which in turn fuels economic activity and creates construction jobs. In addition to construction jobs, as employers expand their stores and restaurants, they will also need additional workers. According to ADP, more than two thirds of the service-sector jobs created over the past twelve months were at small or medium-sized firms. This legislation will be particularly beneficial to Pennsylvania’s $18 billion restaurant industry, which supports more than 530,000 jobs around the state.
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