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Chamber News |
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CCCBI Celebrates Women's History Month |
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March is designated as Women's History Month, and CCCBI is taking this opportunity to celebrate our women-led Chamber staff!
This week, we're recognizing our Director of Marketing and Communications, Abby Wolfe.
As a special surprise in yesterday's post, we also celebrated Abby's one year anniversary with the Chamber!
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Please join us in giving Abby a well-deserved round of applause! |
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Nominate a Woman Influencing Business |
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Nominations for CCCBI's Women Influencing Business Awards Dinner honorees are due on Monday!
We're looking for our 2024 Female Business Leader of the Year & Female Rising Star of the Year.
Nominate a friend, colleague, mentor, or even yourself to be honored at our Annual WIB Awards Dinner on March 25th! |
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On March 13th, Governor Josh Shapiro announced a new energy plan for Pennsylvania as a potential counter to the controversial Regional Greenhouse Gas Initiative (RGGI) started by his predecessor, Gov. Tom Wolf.
The new plan follows the previous recommendations of the Governor’s RGGI Working Group and is broken into two separate legislative packages that if passed by the PA General Assembly, will attempt to reduce climate emissions, offer an electric bill rebate for consumers; sets new reliability targets for a resilient electricity grid by 2035, attract more federal dollars, supports low-carbon natural gas and nuclear facilities, and makes new investments in clean energy production.
First, the Pennsylvania Climate Emissions Reduction Act (PACER) establishes a Pennsylvania-specific cap-and-invest program that apparently will allow the Commonwealth to determine its own cap on carbon and invest directly in lowering consumers’ electricity bills. If enacted by the PA General Assembly, PACER would take Pennsylvania out of RGGI and give the Commonwealth control over its own energy future. Under PACER, 70% of the revenue will be directed back to Pennsylvania residents as a rebate on their electric bill and will support projects that reduce air pollution in Pennsylvania; further lower costs on energy bills for low-income Pennsylvanians; and invest in new job-creating clean energy projects – such as carbon capture and storage, geothermal deployment, and clean hydrogen – in energy communities that have hosted coal, oil, or gas infrastructure.
Second, is the Pennsylvania Reliable Energy Sustainability Standard (PRESS) that will update the Commonwealth’s Alternative Energy Portfolio Standards (AEPS). PRESS adds nuclear power, next-generation technologies like fusion, and clean forms of natural gas with the goal of building out a more diverse, reliable, and affordable energy sector to attract federal investments in the Commonwealth. PRESS is designed with the goal of incentivizing a more reliable power generation fleet to combat the threats of extreme weather, cyberattacks, and other challenges that could impact individual sources of electricity. PRESS requires Pennsylvania to get 50% of its electricity from a diverse range of energy resources by 2035, including 35% from the clean energy sources of today and the future like solar, wind, small modular reactors, and fusion, 10% from sustainable sources like large hydropower and battery storage, and 5% from ultra-low emission forms of natural gas and other traditional fuels.
Both proposals have been met with mixed reactions from members of the Democrat House and Republican Senate. and specific language will likely be introduced by the end of the month.
In the meantime, Governor Shapiro is still appealing the Pennsylvania Commonwealth Court’s decision at the end of 2023, which ruled against Pennsylvania joining RGGI. The earlier filing from the Commonwealth Court stated the initiative was an invalid tax and constitutionally the state’s participation in RGGI can only be reached through legislation enacted by the Pennsylvania General Assembly.
In a statement, Shapiro’s administration said the Commonwealth Court decisions on RGGI were “limited to questions of executive authority, and our Administration must appeal in order to protect that important authority for this Administration and all future governors.”
CCCBI recognizes the impact that these plans can have on businesses in Chester County. We will be hosting our April Speaker Series, The Business of Energy & Sustainability, on Thursday, April 4th at 8:30 am to discuss the proposed bills and how business owners can prepare for potential changes. |
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Advice. Plan. Advocate.
These are the tenets by which Kim Brumbaugh launched Brumbaugh Wealth Management 20 years ago as one of only a few women-founded firms in the financial services industry. Over the years the firm experienced strong growth--organically acquiring new clients and successfully purchasing a practice in 2017 and another in 2023—and now has a staff of 10 team members with offices in Exton, PA and Greensboro, NC.
The mission of Brumbaugh Wealth Management has been to focus nearly 100 collective years of experience towards helping their clients take charge of their financial situation. Affirmed by their support of Cetera Advisor Networks, Brumbaugh Wealth management adheres to their philosophy of "service clients first” with focused financial strategies and leadership. |
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Kim is a strong leader and respected in the community. Prior to launching Brumbaugh Wealth Management, she worked for a financial services firm in Philadelphia for six years, after a twelve-year career with a Mercedes Benz dealership. Her entrepreneurial spirit is inspiring, and Kim is passionate about helping others with her life and business experiences. |
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Kim received Chester County Boy Scouts' 2023 Leadership Megastar award1 and was recognized in Fortune Magazine and Philadelphia Magazine as a 2023 Five Star Wealth Manager2 . She’s lived in Chester County for 35 years, serving as a trustee on more than ten non-profit boards and many committees giving of her time, talent, and treasure through philanthropy. |
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Kimberly Brumbaugh is a Registered Representative and member of ensemble practice offering securities and advisory services through Cetera Advisor Networks LLC, Member FINRA/SIPC, a Broker-Dealer and a Registered Investment Advisor. Advisory services also offered through AdvisorNet Wealth Partners. Cetera is under separate ownership from any other entity. Brumbaugh Wealth Management, 415 Eagleview Blvd, Ste 110, Exton, PA. 610-458-2495. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.
1 The Boy Scouts of America Vista Leadership Megastar is a recognition won by presenting leadership and service to the community and is given to those who have been nominated by community members. Recognition from rating services or publications is no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance of results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluations. No compensation was provided directly or indirectly by the recipient for participation or in connection with obtaining or using the third-party rating or award. 2 The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional}, is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively registered as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not: A. Been subject to a regulatory action that resulted in a registration being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony}; 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth managers. Award does not evaluate quality of services provided to clients. Working with a Five Star Wealth Manager does not ensure that a client or prospective client will experience a higher level of performance or results. The inclusion of a wealth manager on the Five Star Wealth Manager Award list should not be construed as an endorsement of the wealth manager by any client nor are they representative of any one client's evaluation. |
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Upcoming Events |
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Member 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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