NorthSide/NorthShore Chamber of Commerce Networking Event

Join the Northside Northshore Chamber of Commerce on Feb. 2nd at James Street Gastropub & Speak-easy for the first 'First Thursday Networking Event 2012'! Be sure to RSVP by Jan. 31 by calling 412-231-6500.

Entrepreneurship: The Most Conservative Career Move You Can Make

RCI follows Moneyning.com as it dives into the realm of entrepreneurship to 'bust myths' to teach you the 'Understanding of the risk of jobs", and how to make the appropriate "Conservative choices".

From Moneyning:

There’s a myth that goes along with getting a job: you work hard and your employer will take care of you. Maybe if you work particularly hard, you might eventually get promoted. As long as you’re doing your job and doing it right, you’re guaranteed to get a pay check. That makes finding a good job the most conservative thing you can do with your career, right?

The truth isn’t so simple, though. Even if the myth of the good job was true in our parents or grandparents’ day, it’s become almost impossible to believe in now. With the sheer number of companies that rely on contractors, the number of mergers that end with layoffs and all the other ways that a job has become a surprisingly fragile career path, it’s important to recognize that taking job after job can’t be considered a conservative way to make a living.

To read more and see the original article, click here!

Councilman Lavelle Leads the Charge to Protect Minority Communities!

On January 11th Councilman Lavelle addressed the community saying:

Greetings,

Yesterday, on Tuesday, January 10, 2012, I sponsored Bill #2012-0014, which requires financial institutions seeking to become City depositories to make a commitment to community reinvestment in low to moderate income neighborhoods.  The bill also instructs the City Controller to evaluate banks with which the City does business as to their success or failure in meeting this commitment.  This legislation was prematurely passed by Council last year but vetoed by the Mayor last year because of the lack of community input from low to moderate income neighborhoods.  Also because as written the bill would have likely had the adverse effect on the communities it purports to serve.

This legislation now has stronger language that is aimed at ensuring banks are committed to investing in low to moderate income communities.  A few of the important changes that my office has made to this legislation include the following:

• Provision requiring financial institutions to meet a minimum of a satisfactory Federal CRA rating (Community Reinvestment Act) in order to be deemed eligible as a city depository.  Institutions that do not meet this minimum criteria will not be evaluated further for consideration.
• Any financial institution receiving City funds as a City depository must keep those funds in a branch located within City limits.  Furthermore, as banks are asked, to the greatest extent possible, to keep monies in branches located in low-moderate income census tract blocks in order to to ensure the the sustainability of branches in those communities.
• Provision requiring financial institutions reporting to be detailed down to census tract blocks.

It is my hope that this legislation will better assist low to moderate income communities economically grow and thrive within the City of Pittsburgh.  You can view Bill #2012-0014 by clicking here.

This article provided by pittsburghpa.gov, to view the original article page click here!