President Obama has selected Vermeer CEO Mary Andringa as a private-sector representative for business, industry, agriculture and labor on the President’s Export Council (PEC). The PEC is the principal national advisory committee on international trade.
A $7 billion project labor agreement (PLA) was signed September 14 between the United Association and TransCanada Corporation to begin construction on the Keystone Gulf Coast Expansion Pipeline (Keystone XL). In a time when the contruction industry is facing record unemployment, this project is expected to create thousands of jobs for the members of labor organizations.
The Small Business Jobs and Credit Act passed by the U.S. Senate Sept. 16 will extend the 50 percent bonus depreciation deduction for 2010. Additionally, it includes approximately $12 billion in tax relief for small businesses and a $30 billion lending fund that will be administered by the Treasury Department.