Local business leaders have high hopes for budget deal
Updated On: Dec 12 2013 08:09:42 PM CST
The House passed a federal budget plan Thursday night that would stave off government shutdowns for the next two years. It now goes to the Senate.
The bipartisan deal was worked out earlier this week by the Republican and Democratic budget chairs.
The budget would ease billions of dollars in scheduled spending cuts and replace the cuts with long term savings measures.
There is support for the bill on both sides, but some conservative groups are attacking the measure. Some Democrats are also unhappy with the bill because it doesn't renew jobless benefits for the long-term unemployed.
Some business leaders in the Lehigh Valley have high hopes for the budget agreement.
"I do see it as a positive, if for no other reason just the fact that we have both parties working together for a solution," said Jim Landis, President of Communication Systems, Inc., an integrated security and communications company.
General Manager Charlie Thiel said, "A lot of the fighting in Washington, D.C., a lot of the uncertainties in Washington, D.C. have trickled down to not only local businesses like us making investments, taking greater risks, but even one of the sectors we work with is local government. Local government has had uncertainty in how to plan for the future."
"Having some type of agreement moving forward provides people with the confidence that there at least is going to be some predictability or more predictability in the near future than there has been," added Thiel. "That, as many people have said, allows people to feel more comfortable making investments, taking risks, hiring more people and growing their businesses."
CSI has hundreds of customers and works with them on things including security cameras and door security.
"We do business with other businesses and as they become more comfortable, their buying cycles will reduce down, they'll buy from us more quickly," said Thiel.
"We're just looking forward to stability," said Landis. "I do think eventually it's going to help our revenue, our ability to grow and to hire more people."
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