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House Considers 17-year Tax Cut Deal for Cement, Steel Factory

first_imgFlashback: Program making official signing ceremony for the Agreement between the Government of Liberia and TIDFORE (Hong Kong) Investment (LICEMCO) for the Establishment of a Steel Plant in Liberia In an endeavor to develop a sustainable economic environment and boost the country’s steel and cement industries, the House of Representatives is investigating a 17-year tax cut proposal from President Ellen Johnson Sirleaf.The tax cut deal is part of an Investment Incentive Agreement with a 17-year agreement term valued at US$200,000. The draft law is entitled: “The Investment Incentive Agreement between the Republic of Liberia and the TIDFORE Investment Company and Liberia Steel and Cement Mining (LICEMCO).”The Joint Committee on Investment and Concession and Lands, Mines and Energy, chaired by Grand Gedeh District #1 Rep. Zoe E. Pennue, is analyzing the Tax Cut Deal and will report to plenary in two weeksAccording to the bill, LICEMCO will develop and operate a steel and cement factory (plant) in accordance with the International Mining Standards & Laws and prudent business practices. In a letter to the House of Representatives, President Sirleaf said the investor under the incentive agreement will completely construct, acquire and install proposed steel plants infrastructure and equipment at the facility (plant).The President also said if the Legislature ratifies the 17-year tax cut proposal of LICEMCO it will “provide for safety procedures, create jobs at all levels, cause the investor to enhance its corporate social responsibilities, generate needed revenue for the country and promote economic development and sustainability.”“This Investment Incentive Agreement is in line with Liberia’s relevant laws and public policy to complement the development plan of the mining and steel sector of Liberia.”The President further said: “As government commits to creating jobs and a sustainable economic environment, the passage of Law of this Investment Incentive Agreement will demonstrate Liberia’s commitment and implementation in that endeavor.”The Joint Committee on Investment and Concession and Lands, Mines and Energy is analyzing the Tax Cut Deal and will report to plenary in two weeks. Grand Gedeh County District #1 Representative Zoe E. Pennue and Nimba County District #9 Representative R. Matenokay Tingban are the chairman and co-chairman of the Joint Committee, respectively.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) – Advertisement –last_img read more

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Sing-along will `Grease’ the way for club

first_img“We’re one of the only Boys and Girls Clubs that has their own teen center,” she said. “We know that teens need to have a safe-haven.” Chacon explained that the center helps teens plan for their futures. “Our goal is to get every teenager who walks through these doors to be college-bound or career-ready,” she said. The center helps with college applications, career counseling, SAT preparation and applications for financial aid. Luna and Hodge have been involved at the Boys and Girls Club since they were young and have seen positive changes in their own lives. “It kept me out of trouble,” laughed Hodge, the Keystone vice president. He noted that programs at the Teen Center helped him solidify a college plan. “At first I didn’t want to go to college,” he said. “Now I’m going to do the two-year route, and I’m going to Long Beach State for art.” Luna also has plans for college. “In the last year I decided … I’m going to major in nonprofit business,” he said. The Keystoners believe that the “Grease” sing-along will be a fun way for them to raise money and inform the community about their programs. “Anybody in the community can come watch the movie and sing along,” Luna said. “And do a little dance,” Hodge added. rachel.jones@dailybreeze.com160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! By Rachel Jones STAFF WRITER “Grease” will be the word in San Pedro next weekend, as the Boys and Girls Club hosts a sing-along version of the popular movie at the Warner Grand Theatre. All of the proceeds from the event will go to the BGC Teen Center and enable one of the club’s leadership groups to attend an upcoming regional conference. The Keystone group, a 25-person leadership club for BGC teenagers, works on community service projects in the club and the community. Anthony Luna, 17, and Adell Hodge, 16, explained that attending the upcoming Keystone Regional Conference in San Diego will help them continue their work in San Pedro. “Teams from the Pacific region are going to meet up and work on different skills to better our club, community and the region as a whole,” explained Luna, who is the Keystone Club’s president. “We’re going to talk about our national project and get ready for the national conference.” The national project, which is a joint effort by clubs around the country, is to change adults’ negative perspectives of teens. The Keystone Club already has an event planned for that project. “This November we’re bringing in business leaders, council members, as many adult figures as we can get,” Luna said. “We’re going to try to get their views and present to them what teens in the community are actually doing positively.” Hilda Chacon, director of the Teen Center, called the facility the “best-kept secret” in the community. last_img read more