News

Possible sequestration cuts fuel economics worries in midstate

Written by Craig Layne, Morning Edition Host/Reporter | Feb 6, 2013 2:15 PM

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(Harrisburg) -- Uncertainty about federal government cuts and worries of global recession are causing headaches for midstate business leaders.

About 200 business leaders gathered in a ballroom at a hotel in Swatara Township, Dauphin County, this morning to hear Wells Fargo economist Jay Bryson's predicitons for 2013.

He says gradual growth will likely continue, but deep cuts to social and defense programs, scheduled for March 1, could damage the midstate economy. The Harrisburg Regional Chamber and CREDC organized the event.

President and CEO David Black says he's encouraging business leaders to talk to their congressional representatives.

He says many of the chambers 1,400 members are also worried about the health of other global economies, like Europe.

He adds midstate businesses often have ties to interests overseas through imports or exports of parts and equipment.

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