Pennsylvania Businesses

Supporting Pennsylvania Businesses

Senator Casey believes creating opportunity for Pennsylvania businesses is key to creating jobs and investing in the economic future of the Commonwealth. As a member of the Committee on Finance, which has jurisdiction over trade and the tax code, Senator Casey has worked to implement policies and legislation that will help Pennsylvania businesses grow and create jobs.

  • Senator Casey is leading a bipartisan effort in the Senate to renew the Carl D. Perkins Career and Technical Education Act, which supports career and technical education programs to help close the skills-gap and grow our economy. Legislation that Senator Casey co-authored with Senator Enzi, the Career and Technical Education for the 21st Century Act, was unanimously approved by the Senate HELP Committee on June 26, 2018. This legislation will empower states and local districts to create high-quality programs that are aligned with workforce needs, ensuring better outcomes for all students, employers and our economy.
  • A sound infrastructure is necessary for the businesses of the Commonwealth to compete in international markets. Without a renewed dedication to making smart investments in our nation’s infrastructure, Pennsylvania businesses risk losing their edge and our future job and wage growth is jeopardized.
    • Senator Casey supports the Senate Democrats’ Jobs and Infrastructure Plan for America’s Workers. This plan would make a historic $1 trillion federal investment to modernize our crumbling infrastructure and create more than 15 million jobs in the process.
    • Senator Casey strongly supports efforts to expand broadband access to areas currently lacking it. In 2018, he led sixteen of his colleagues on a letter asking the President to prioritize rural broadband buildout in his infrastructure proposal.
  • Senator Casey supported passage of the Protecting Americans from Tax Hikes (PATH) Act, which makes permanent the research and development credit and gives small businesses flexibility to claim the credit through a payroll tax credit. The PATH Act included provisions from several bills Senator Casey introduced:
    • It extended bonus depreciation provisions, with a phase down, through 2019, which will incentivize capital improvements by allowing companies to accelerate expensing of investments.
    • The PATH Act made permanent 15-year depreciation for certain business property, including qualified leasehold improvements, restaurant properties and retail improvement properties. This will allow businesses to more quickly recover costs of property.
    • Expanding and making permanent the Section 179 expensing provision. Senator Casey’s legislation allows small businesses to immediately expense up to $500,000 of investments, giving small businesses the certainty they need to invest, grow and create jobs. Absent action the expensing limit would have reverted to $25,000.
  • In 2015, Senator Casey served as a member of the Senate Finance Committee’s bipartisan Business Income Tax Working Group, where he worked to develop an outline of core principles and objectives for tax reform, including supporting American jobs, helping to reduce our national debt and providing an adequate revenue base for investing in priorities such as infrastructure and retirement security.
  • Senator Casey supports expanding options for employee ownership and profit sharing. He is a cosponsor of legislation to expand access to Employee Stock Ownership Plans or ESOPs. These types of businesses help promote retirement security by giving all employees equity in the business. Employers are often better able to retain employees, in turn employees often leads to greater wage and schedule stability.
  • Senator Casey introduced legislation to extend tax credits to efficient energy systems used by industry, including combined heat and power and waste heat to power systems. These credits will support manufacturers and other businesses adopt these systems, which will help them cut costs, reduce waste and curb pollution.
  • Senator Casey cosponsored an amendment to reauthorize the Export-Import Bank through Fiscal Year 2019. The Export-Import Bank helps level the playing field for thousands of Pennsylvania small businesses, as they export products around the world. The Export-Import Bank is self-sustaining, frequently contributing excess funds to the Treasury.

Resources for Pennsylvanians

  • Senator Casey’s office is happy to provide grant assistance services to Pennsylvania businesses. Full resources, including a grant manual, are available at the website under “Make a Request”: https://www.casey.senate.gov/request/grants
  • The U.S. Small Business Administration includes a variety of resources and support for entrepreneurs and those running small businesses: https://www.sba.gov/
  • If you are a business facing unfair competition from a foreign competitor, Senator Casey’s office can help connect you with the appropriate staff at the Department of Commerce to take action.
  • Please do not hesitate to call Senator Casey’s D.C. office at (202) 224-0276 for assistance with policy questions.

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