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Chamber News |
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Welcome New Members |
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Mark Your Calendars this December |
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There's so much going on this holiday season!
Don't forget to mark your calendars for CCCBI's last few events of 2024 and know when we'll be out of the office to rest, recharge and reflect on an amazing year. |
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Road Closure Notice for West Chester Christmas Parade |
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As the Greater West Chester Chamber approaches the date of their Annual Christmas Parade, they're sharing a PSA about street closures in downtown West Chester that evening.
All Streets in Parade Footprint Closed on Friday 12/6 from 4:30pm – 10:00pm. Gay Street and Market Street between Matlack and New. The borough will begin the process of shutdown around 3:50pm that day to be fully closed by 4:30pm. No parking signs are also posted starting at 3pm that afternoon. Cars will be towed if they are parked along the parade route after 3pm. |
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Upcoming Government Affairs Committee Meeting with Guest Speaker: Meredith Buettner Schneider |
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CCCBI's Government Affairs Committee (GAC) will host their final meeting of the year next Friday, December 13th from 8:30am to 9:30am via Zoom.
GAC will welcome Meredith Buettner Schneider, the Executive Director of the Pennsylvania Cannabis Coalition. Meredith will offer a short presentation on the current status of the law surrounding medicinal and recreational cannabis cultivation, distribution and use at both the state and federal levels. We are excited to hear her updates and her hopes heading into 2025.
Our Government Affairs Consultant, Alex Rahn, will then provide a much anticipated update on the recent ruling related to the Corporate Transparency Act (CTA) Requirements and review the Chamber's Legislative Agenda for 2025.
These meetings are open to all CCCBI members. Please email abby@chescochamber.org for additional information. |
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Legislative Update |
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Federal Court Blocks Corporate Beneficial Ownership Reports |
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On Tuesday, a Texas federal judge issued a nationwide injunction blocking requirements for companies to submit beneficial ownership information to the Treasury Department by January 1, 2025.
Beneficial Ownership Information (BOI) – information that identifies individuals who directly or indirectly own or control a company – was mandated to be disclosed to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act, enacted in 2020 as part of the Anti-Money Laundering Act. The information would be retained by FinCEN in a federal database to “crackdown” on shell companies, which have been described as the “vehicle of choice for money launders, terrorists and criminals” by former Representative Carolyn Maloney (D-NY), who introduced the legislation.
This injunction will directly affect Members of CCCBI and our business community. As such, we will continue to track any movement and provide our Membership with the most up to date information as they navigate the ever-evolving climate in the new year.
Read more about this ruling in our Weekly Legislative Update, distributed every Friday. Please email abby@chescochamber.org to join our mailing list. |
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Upcoming Events |
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We’d love to hear from and highlight your business! We are seeking member spotlight stories to include in our weekly newsletter! Email your news to abby@chescochamber.org |
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