SC Chamber Begins Statewide Grassroots Tour… This week marked the beginning of our annual "Chamber Grassroots Tour," a partnership with our local and regional chamber partners, where we visit local Chambers across the state to hear from business leaders in all regions about their priorities in the upcoming legislative session. We use the feedback to help shape our Competitiveness Agenda, which informs the General Assembly of the top issues the business community hopes to be addressed in 2017. This week's tour stops were Anderson, Lexington, Irmo, and Summerville. Please check with your local Chamber to find out if they are hosting a Grassroots meeting and make plans to attend!
U.S. Senate Passes Water Resources Development Act… The U.S. Senate passed the Water Resources Development Act (WRDA) Thursday by a vote of 95-3, moving the 52-foot Charleston Harbor Deepening Project one step closer to construction. The project now awaits final authorization by the House. The Chamber applauds Senators Lindsey Graham and Tim Scott for their work in securing passage of this important legislation, which will have a positive impact on our ports and economy for years to come.
House Ad Hoc Tax Committee Meets... The newly formed House Tax Policy Review Committee met Tuesday to hear a presentations on income taxes and sales taxes and exemptions by the Revenue and Fiscal Affairs staff. The Committee also discussed the nominal tax rate compared to the effective tax rate, and are looking at every possible option to create a more equitable and efficient tax system that can meet the needs of our fast-growing state.
SBA announces federal Economic Injury Disaster Loans available to small businesses… The U.S. Small Business Administration announced Monday that federal Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private nonprofit organizations in South Carolina as a result of the drought that began on July 12, 2016. Click here for more information.
Last Call for LeadSC… The 2016 LeadSC Young Professionals Summit kicks off next week! This premier Young Professional’s conference in South Carolina features two days of networking and learning with panels on topics like negotiation tactics for YP’s, stuff they don’t teach you in business school, networking your way to your next promotion and more. If you or a Young Professional in your office is interested in attending, click here to register before it’s too late!