Press Releases

Budget Plan Focuses on Job Creation and Economic Opportunity

BETHLEHEM, Pa., Feb. 10, 2012  /PRNewswire-USNewswire/ -- Governor Tom Corbett today discussed his 2012-13 budget proposal during a visit to Lehigh Valley Plastics (LVP), where he cited the Northampton County employer as an example of the kind of innovation and resiliency state government must support in order to bring real job growth to the region.

"I hope all of you will ask your legislators to pass the budget I proposed earlier this week," said Governor Corbett. "It is built the way you build your own household budgets: you spend no more than you have.  Given that the state spends your money, I think you can agree the philosophy appeals to most working Pennsylvanians."

The $27.14 billion proposal maintains Corbett's commitment to balance the state budget. It closes a projected revenue shortfall of more than $700 million and reduces spending by more than $20 million.

Importantly, it meets the state's pension obligations and does not raise taxes for residents or businesses.

The governor's proposed budget focuses on five key areas: economic opportunities, education, human services, public safety and streamlining government.

"By keeping taxes low and holding down government spending, this leaves more money in the part of the economy that creates the best jobs -- the free market," said Corbett.

Governor Corbett's proposed budget accomplishes the following:

• Reduces spending from last year, reducing the state government workforce by an additional 2 percent, eliminates 33 wasteful appropriations, reduces 181 additional line items and reduces the state vehicle fleet by 1,200 vehicles.
• Creates job opportunity by holding the line on taxes, supporting Pennsylvania's small and large businesses and focusing state efforts on workforce development and job matching.
• Increases funding to basic education, continues level funding for our community colleges and universities dedicated to job placement, and creates new programs that give students incentives for training for occupations that are in high need of employees. 
• Levels funding for the Department of Corrections for the first time in a decade, increases the funding for PA Board of Probation and Parole to support transition from incarceration to community, provides funding for volunteer fire companies and provides funding for 115 state police troopers. 
• Transforms the public welfare system by providing incentives to those who are able to transition from the welfare line to the workforce, providing real relief to our poor and safeguarding taxpayer dollars through the elimination of waste, fraud and abuse. 

"I'm happy to be here to talk about jobs, the economy and how we can work together to build both," said Corbett.

Established in 1971, LVP is a state-of-the-art plastic fabricator, distributor, injection-molder and machining company. Sixty-five percent of LVP's customers are based in Pennsylvania and 70 percent of its raw materials are purchased from Pennsylvania-based suppliers. Currently, LVP employs 120 individuals and in 2011 they became a management-owned business. 

For more information, visit www.governor.pa.gov.

Media contact: Kelli Roberts, 717-783-1116

SOURCE Pennsylvania Office of the Governor

ATLANTA, Feb. 10, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Fulton, Lucas and Williams counties in Ohio because of excessive rain, high winds, hail, freeze, frost, blizzard, tornadoes, flooding and lightning that began on February 1, 2011.

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

"These counties are eligible because they are contiguous to one or more primary counties in Michigan.  The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.

"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to assist eligible entities affected by the same disaster," Skaggs added.

Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. 

Loan amounts can be up to $2 million, with interest rates of 3 percent for non-profit organizations and 4 percent for small businesses.  Terms can be up to 30 years.  The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.  The agency sets loan amounts and terms based on each applicant's financial condition.  These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.  The loans are not intended to replace lost sales or profits.

Disaster loan information and application forms may be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an e-mail to disastercustomerservice@sba.gov.  Loan applications can be downloaded from the SBA's website at www.sba.gov.  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.  Those affected by the disaster may also apply for disaster loans electronically from SBA's website at https://disasterloan.sba.gov/ela/.

Completed loan applications must be returned to SBA no later than September 27, 2012.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.

Contact: Michael LamptonPhone: 404-331-0333

SOURCE U.S. Small Business Administration

SALT LAKE CITY, Feb. 10, 2012 /PRNewswire/ -- Dynatronics Corporation (NASDAQ: DYNT) plans to release financial results for its quarter and six months ended December 31, 2011 during the morning of Tuesday, February 14, 2012. 

Dynatronics has scheduled a conference call for investors later that day at 1:30 p.m. ET to discuss its results for the quarter and six month periods.  Those interested in participating should call (800) 925-9065.

Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets.

SOURCE Dynatronics Corporation