(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Kevin Brinegar comments on Gov. Mike Pence’s approval of an early payoff for the state’s federal unemployment insurance (UI) trust fund loan. This is to be accomplished by temporarily borrowing from Indiana’s reserve funds during the next eight months. The funds will be paid back by employers through their regular state UI payments:

“This allows Hoosier employers to save $126 per employee or an additional $327 million in total federal penalties for 2016. That’s very significant for the business community. That money now can be reinvested by growing companies and adding more jobs.

“In the last few weeks alone, we’ve heard from several hundred businesses all across the state about how important this early payoff is to them. They appreciate the efforts of lawmakers to place this option in the state budget and the State Budget Committee and Gov. Pence for their actions to make it happen.”

###
The Indiana Chamber partners with 17,000 members and investors – representing three million Hoosiers – to achieve the mission of “cultivating a world-class environment which provides economic opportunity and prosperity.”

 

  1. Press Releases
  2. Video
  3. Chamber Blog Posts
next
prev

Member Spotlight

2016 Business Leader of the Year

Video: 4:11          Archives

Member Spotlights
Tell your business story.

Press Releases
Share your company news.

Testimonials
Maximize your investment.

Join Today

Upcoming Events

2017 Best Places to Work in Indiana
Tue May 02 @ 5:00PM - 09:00PM
I-69 Regional Summit
Fri May 05 @ 8:00AM - 04:00PM

Grow Your Business


Sponsorships and Advertising

connect

BizVoice Magazine


MarApr17

Fully interactive edition available

Follow The Chamber

BlogSpot Twitter Icon facebook icon
YouTube social squircle red 48px pinterest flickr

TechnologyInnovation Logo

internnet

WCI Logo H 3C 

readyindiana

 

TechnologyInnovation Logo
internnet
WCI Logo H 3C
readyindiana
IBRG Logo Main3C
 
 

IBRG Logo Main3C