Industry Market Trends

Congress Finally Approves Wind Production Tax Credit, But is the Damage Already Done?

January 16, 2013

Doing things at the last minute, especially around the holidays, never seems to go very well. And I'm not talking about the ugly tie your uncle got you for Christmas because he only remembered to go shopping on Dec. 24. No, I'm talking about the U.S. Congress here, which occasionally seems to let slip until the last possible minute issues and bills that matter to millions of people, and when they finally act on them, it may just be too late. On Jan. 1, literally hours after it had been set to expire, Congress renewed the Wind Production Tax Credit, keeping alive incentives for wind energy manufacturers who employ thousands of workers, including factory workers who help build turbines, truck drivers who deliver parts and equipment, and a host of other skilled labor jobs. Read More

Industry Market Trends

Small Business Optimism Near Three-Year Low

January 16, 2013

Although optimism among small business owners inched up in December, it remained close to record-low levels, largely due to deteriorating conditions in the labor market and the high number of owners who expect business activity to worsen in the first half of the new year. Read More