With unusual vehemence, business leaders are charging the governor wants to undo job incentives he bragged about enacting only two years ago; put Illinois businesses, in some ways, in the worst competitive position in the country; and whack many firms at the worst possible time, when they’re still recovering from the COVID-19 pandemic.
“The governor’s rhetoric of helping business doesn’t match his deeds,” said Illinois Retail Merchants Association CEO Rob Karr. Pritzker talks about helping get federal COVID recovery money to Illinois companies, “and then he takes it away. . . .The governor talks about the need to recover, but these (proposed taxes) are the exact opposite of that.”
Other things to check out:
Telco firm sets P2.8-B upgrade budget for 2021 | Inquirer Business
Eastern Communications, a company jointly owned by PLDT Inc. and Globe Telecom, announced a nationwide upgrade program with a capital spending budget of P2.8 billion this year.
"Eastern Communications has started laying fiber optic cables to address requirements of companies in central business districts and has placed strategic hubs in various regional locations in order to better serve the local enterprises in the area," the company said in a statement.
Tauriga Sciences Inc.
In other news, the Company has now received more than 5,300 E-Commerce orders and is pleased with the steady increase in international orders. A major corporate goal of the Company, for calendar year 2021, is to enhance its international presence and business opportunities.
Lastly, the Company continues to realize important progress with respect to the ongoing development of its Cannabinoid-Based Pharmaceutical Grade Chewing Gum . The Company expects to provide shareholders with a material update, within the near term.
JetBlue rolls out new fare strategy to compete for both budget and business travel | Reuters
(Reuters) - JetBlue Airways plans to strategically cut its basic economy fares to better compete with ultra low-cost carriers in key markets while boosting the benefits of standard and premium tickets by guaranteeing overhead bin space and eliminating change fees.
The move, announced on Tuesday, is the latest example of airlines' efforts to expand ticket options and flexibility in an industry upended by the coronavirus pandemic.
Ultra low-cost carriers grew nearly 90% in JetBlue's markets in the three years before the pandemic and have continued to fly a significant amount of capacity over the past year.
Other things to check out:
Choice Hotels Sees Budget Brands Deliver 2020 Rarity: Profitability – Skift
A hotel portfolio of properties largely in drive-to settings and outside major urban centers enabled Choice Hotels to clinch a profitable year despite a global pandemic that decimated travel demand.
Choice Hotels achieved a $7.9 million fourth quarter profit and $75.4 million profit for all of 2020, the company reported Monday. This is a major financial milestone within the hotel industry, as the pandemic's impact created the worst year on-record for most travel companies. Hilton earlier in the day reported a $720 million 2020 loss , and Wyndham posted last week a $132 million 2020 loss .
Bonterra Energy Corp.
Avis Budget: Corporates Are Signing But Not Traveling | Business Travel News
Citing conversations with Hilton Worldwide's large corporate customers coupled with recent sequential...
Though fourth-quarter and full-year key performance metrics for Choice Hotels not surprisingly were...
Revenue per available room for the combined price tiers of U.S. extended-stay hotels in 2020 declined...
Today's Crain's: What will Pritzker's budget bring?
Happening on Twitter
Gov. J.B. Pritzker is proposing a $41.6 billion state budget that takes on Republicans for leading the opposition t… https://t.co/1gMsOcHJ9r chicagotribune (from Chicago, IL) Wed Feb 17 18:08:47 +0000 2021
For those who are planning to enroll in Obamacare on February 15, here are some of your questions answered. https://t.co/wKLtaQisVu CongressmanRaja (from Schaumburg, IL) Fri Feb 12 22:30:18 +0000 2021
Obamacare enrollment reopens today, another chance for 400,000 Illinois residents. Here's what you need to know. https://t.co/P8lfyhe59S chicagotribune (from Chicago, IL) Mon Feb 15 16:24:38 +0000 2021
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