The Tribune Democrat, Johnstown, PA

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March 7, 2013

Business briefs 03/08/2013

(Continued)

Kutztown foundry closing after 144 years

READING – The owner of a foundry that has been in Kutztown for 144 years says a decline in demand is behind the decision to close the facility, eliminating 130 jobs.

McConway & Torley LLC will close its plant on May 5 and lay off 130 workers because of a drop in demand, Nancy Farrar, a spokeswoman for Trinity Industries Inc. – the Dallas, Texas-based company that owns McConway – told the Reading Eagle newspaper.

The plant has been in use since 1869 and was purchased by McConway in March 1980.

In 2007, the company laid off 149 workers.

Rent help available for some disabled

HARRISBURG –The Department of Public Welfare and the Pennsylvania Housing Finance Agency will use $5.7 million in federal rental assistance to make some accessible housing more affordable for 200 low-income individuals with disabilities.

Pennsylvania was one of 13 states selected to receive this money from the Department of Housing and Urban Development.

This effort will improve the quality of life for people with disabilities and reduce health care costs by giving the individuals the option of living in their own community instead of a long-term care facility.

The Pennsylvania Housing and Finance Agency and the welfare department will create the new housing opportunities by using methods developed through PHFA’s Low-Income Housing Tax Credit program and other affordable housing projects administered by both agencies.

The accessible, affordable housing will support three groups of individuals under the age of 62: Persons with disabilities who are institutionalized; those at risk of institutionalization; and those currently living in a congregate setting who desire to move into the community.

Information: 800-692-7462 or www.dpw.state.pa.us.  

Speaker to talk about changes in tax code

LATROBE – Robert Grossman, head of tax and business valuation groups at Grossman, Yanak and Ford LLP., will be the guest speaker at 7:30 p.m. Thursday in the Fred M. Rogers Center on the campus of St. Vincent College.

Grossman’s topic is “Changes in the Tax Code and the Impact on Your Financial Planning” during the initial presentation in the fifth annual Personal Financial Planning Lecture Series.

Admission is free but pre-registration is requested by calling 724-805-2177.

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