Page 23 - The South China Business Journal
P. 23
Madison, Wisconsin, In Grand Rapids, Michigan, In Pittsburgh,
Musicnotes, a 20-year-old digital Fishbeck, Thompson, Carr & Huber, an Pennsylvania, Al Rodriguez, who
sheet music production firm, architectural engineering firm, announced
announced that all 55 of its that it had issued $1,500 bonuses to all currently owns 16 Sport Clips barbershop
employees had received salary 400 of its full- and part-time employees. franchises, announced that he will
increases thanks to the tax overhaul. Jim Susan, the company’s president, said reinvest savings from the tax overhaul
As Musicnotes Executive Chairman his team decided to give out the bonuses to open another 12 Sport Clips locations
Tim Reiland stated: “We're genuinely as a result of the company’s tax savings throughout Pennsylvania. “With an
appreciative of our loyal and gifted resulting from the tax reform legislation. average of 10 employees per location, that
team at Musicnotes and we are “We just decided it was a little windfall means 120 new well-paid, stable jobs,”
thrilled to share the benefit of for the firm in general, and we decided he wrote in an op-ed published by the
lower corporate taxes with them," we would share that with all our staff Pittsburgh Tribune-Review. “With lower
Musicnotes Executive Chairman Tim members,” Susan said. “It was in keeping taxes and more money in our pockets, we
Reiland said. "It's the right thing to with the spirit of the tax cut and trying to will be able to expand locations, reinvest,
do and it's also smart business." move a little more money back into the buy new equipment, hire new employees
economy, so we decided for those few and pay higher wages.
reasons we would do that.”
In Sewickley, Pennsylvania, Dorothy Andreas, the
owner of Sewickley Spa, provided the first pay raises to her 13
employees in years. With economic pressures mounting, the
past decade had been hard on her firm, she told the Pittsburgh
Post-Gazette, and while she always managed to provide bonuses
around the holidays, she couldn’t afford permanent raises.
In Austell, Georgia, Yancey Bros. Co. In Flemington, New
Jersey, the Flemington Car
announced that its employees receive a $500 bonus as
a direct result of the Tax Cuts and Jobs Act. “We are and Truck Country company, a
very optimistic for our business and anticipate that the family of eight new and used car
Tax Reform Bill will stimulate even greater profitability dealerships, awarded each of its full-
next year, which will result in a greater profit sharing time employees a $500 bonus, citing
contribution next year,” James E. Stephenson, Yancey Bros.’s the Tax Cuts and Jobs Act. The
chairman and chief executive officer and vice chairman of 41-year-old firm also said it would
the U.S. Chamber, said in an email to employees. “However, look to upgrade its facilities and hire
our confidence in this likelihood is so great that we want to additional workers. “We believe this
share the anticipated benefits of the Tax Reform Bill now.” is the right thing to do,” said Steve
Kalafer, the company’s chairman.
In Gainesville, Georgia, Mincey Marble, a “Reinvesting tax savings in our
employees and our businesses
cast marble products manufacturer, announced that all 300 will make our communities and
employees will receive a bonus of up to $1,000 depending America stronger.
on their length of service with the company. Mincey’s
management team also decided in January to expand the In Verona, Virginia, Nexus Services announced
size of a new facility that’s currently under construction
in Gainesville. “As the owner of a family business, I want that all employees had received a 5 percent raise thanks
to share how tax reform is benefitting Americans at every to “an improved business outlook for 2018 and tax reform
level,” said Donna Mincey, the firm’s president and CEO. by Congress.” Nexus also announced plans to hire 200
“Companies big and small are passing along tax savings to more workers this year, doubling the size of its workforce
the workers who help build our economy.” nationwide. Many of the new jobs, the company said,
will be created in Virginia's Shenandoah Valley. “We are
creating new jobs in the very places where jobs are the
hardest to find,” Nexus CEO Mike Donovan said.
In West Palm Beach, Florida, Dina Rubio, owner of Don
Ramon Restaurant, provided bonuses to key employees and plans to invest
in a new takeout window, add a customer bar and install new equipment like
refrigerators and coffee machines – all thanks to tax reform. “Because of the Tax
Cuts and Jobs Act, we will pay lower taxes and qualify for higher deductions,
leaving Don Ramon in a better position than ever before,” Rubio wrote in an
op-ed published by the Palm Beach Post. “We take great pride in rewarding our
workers, and the new tax code makes it much easier to do so.”
South China Business Journal 21
Musicnotes, a 20-year-old digital Fishbeck, Thompson, Carr & Huber, an Pennsylvania, Al Rodriguez, who
sheet music production firm, architectural engineering firm, announced
announced that all 55 of its that it had issued $1,500 bonuses to all currently owns 16 Sport Clips barbershop
employees had received salary 400 of its full- and part-time employees. franchises, announced that he will
increases thanks to the tax overhaul. Jim Susan, the company’s president, said reinvest savings from the tax overhaul
As Musicnotes Executive Chairman his team decided to give out the bonuses to open another 12 Sport Clips locations
Tim Reiland stated: “We're genuinely as a result of the company’s tax savings throughout Pennsylvania. “With an
appreciative of our loyal and gifted resulting from the tax reform legislation. average of 10 employees per location, that
team at Musicnotes and we are “We just decided it was a little windfall means 120 new well-paid, stable jobs,”
thrilled to share the benefit of for the firm in general, and we decided he wrote in an op-ed published by the
lower corporate taxes with them," we would share that with all our staff Pittsburgh Tribune-Review. “With lower
Musicnotes Executive Chairman Tim members,” Susan said. “It was in keeping taxes and more money in our pockets, we
Reiland said. "It's the right thing to with the spirit of the tax cut and trying to will be able to expand locations, reinvest,
do and it's also smart business." move a little more money back into the buy new equipment, hire new employees
economy, so we decided for those few and pay higher wages.
reasons we would do that.”
In Sewickley, Pennsylvania, Dorothy Andreas, the
owner of Sewickley Spa, provided the first pay raises to her 13
employees in years. With economic pressures mounting, the
past decade had been hard on her firm, she told the Pittsburgh
Post-Gazette, and while she always managed to provide bonuses
around the holidays, she couldn’t afford permanent raises.
In Austell, Georgia, Yancey Bros. Co. In Flemington, New
Jersey, the Flemington Car
announced that its employees receive a $500 bonus as
a direct result of the Tax Cuts and Jobs Act. “We are and Truck Country company, a
very optimistic for our business and anticipate that the family of eight new and used car
Tax Reform Bill will stimulate even greater profitability dealerships, awarded each of its full-
next year, which will result in a greater profit sharing time employees a $500 bonus, citing
contribution next year,” James E. Stephenson, Yancey Bros.’s the Tax Cuts and Jobs Act. The
chairman and chief executive officer and vice chairman of 41-year-old firm also said it would
the U.S. Chamber, said in an email to employees. “However, look to upgrade its facilities and hire
our confidence in this likelihood is so great that we want to additional workers. “We believe this
share the anticipated benefits of the Tax Reform Bill now.” is the right thing to do,” said Steve
Kalafer, the company’s chairman.
In Gainesville, Georgia, Mincey Marble, a “Reinvesting tax savings in our
employees and our businesses
cast marble products manufacturer, announced that all 300 will make our communities and
employees will receive a bonus of up to $1,000 depending America stronger.
on their length of service with the company. Mincey’s
management team also decided in January to expand the In Verona, Virginia, Nexus Services announced
size of a new facility that’s currently under construction
in Gainesville. “As the owner of a family business, I want that all employees had received a 5 percent raise thanks
to share how tax reform is benefitting Americans at every to “an improved business outlook for 2018 and tax reform
level,” said Donna Mincey, the firm’s president and CEO. by Congress.” Nexus also announced plans to hire 200
“Companies big and small are passing along tax savings to more workers this year, doubling the size of its workforce
the workers who help build our economy.” nationwide. Many of the new jobs, the company said,
will be created in Virginia's Shenandoah Valley. “We are
creating new jobs in the very places where jobs are the
hardest to find,” Nexus CEO Mike Donovan said.
In West Palm Beach, Florida, Dina Rubio, owner of Don
Ramon Restaurant, provided bonuses to key employees and plans to invest
in a new takeout window, add a customer bar and install new equipment like
refrigerators and coffee machines – all thanks to tax reform. “Because of the Tax
Cuts and Jobs Act, we will pay lower taxes and qualify for higher deductions,
leaving Don Ramon in a better position than ever before,” Rubio wrote in an
op-ed published by the Palm Beach Post. “We take great pride in rewarding our
workers, and the new tax code makes it much easier to do so.”
South China Business Journal 21
