ICYMI: Off-Beat Business
Tuesday, July 10, 2012 - 03:41 PM
You’ve see the headlines, read the front pages and checked out the business section. But In Case You Missed It, here’re a few, under-the-radar business stories you might have overlooked.
New York Businesses Face Higher Employment Costs
New York-based companies may have to pay $12.75 per employee to cover unemployment benefit loan interest, according to Capitol Tonight. The National Federation of Independent Business says the state should think of another way to foot the bill.
'Perv Insurance' Proves Pricey
The New York City Housing Authority is requiring contractors to carry insurance to cover lawsuits against molesters in programs for children, the Daily News reports. The molestation coverage is generally offered to churches, organizations offering daycare and other groups with programs for kids. But instead of being a part of basic insurance plans, the coverage is now only offered as an add-on to many insurance policies. The cost can reach more than $10,000 at institutions offering programs for kids in New York. Some programs are saying they can't afford the coverage.
Company Could Get Tax Cuts for Hiring
Companies hiring new employees, giving raises or buying equipment could actually benefit financially for spending, the Associated Press reports. Democrats including Senator Chuck Schumer are backing a bill in the Senate to offer tax cuts to those investing in their businesses. Schumer says the prospect of lowering taxes could encourage hiring at small business that are on the fence about adding to their payrolls. Small businesses are expected to benefit the most from the tax cuts.
MTA Could Save $90 Million With Free MetroCards
It may seem counter-intuitive, but giving away MetroCards could save the MTA $90 million a year by 2015, according to the Queens Times Ledger. The MTA says giving away the free cards will reduce the use of the Access-A-Ride program, which provides door-to-door transportation to disabled customers by car or van. That program costs the MTA about $60 a trip, but customers are being charged for a regular, single fare of $2.25.