Like many cities across the nation, Philadelphia is confronted with an increase in flood risk to both properties and natural areas. Flooding to properties and natural areas is destructive, costly and can render homes and businesses dangerous and unhealthy. As part of the Capital Improvement Program, The Philadelphia Water Department is budgeting $40 million annually to reduce stormwater runoff through green stormwater infrastructure. In addition, PWD is spending $30 million annually to enhance and improve the sewer system. These investments will continue to reduce flood risk throughout Philadelphia. PWD continues to study the feasibility of structural system improvements in areas susceptible to flooding. Through the Basement Protection Program, PWD has spent $1.7 million, over ten years, to protect more than 450 homes. The Water Dept. is also in the process of chartering the Citywide Flood Risk Management Task Force. The Task Force is designed to: Coordinate response and recovery with city, state, and federal agencies. Provide advanced warning forecasts prior to large storms. Track tidal and neighborhood flooding projections and vulnerability analyses. Assess FEMA flood map revisions. Project climate change impacts. Install signage in areas susceptible to flooding. Review zoning and building codes and meet with communities.
Philadelphia: Perma-liner Industries has some exciting information that must be shared now as time is of the essence! It’s the Section 179 Deduction. This allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Still reading this?? Give us a call so we can offer you our very best products and services now. 1-866-336-2568/ www.perma-liner.com.
Section 179 is one of the few incentives included in any of the recent Stimulus Bills that actually helps small businesses.
