Grand Lake Chamber Article for 07-29-10 Chronicle

Another Great Grand Lake Weekend

We have had another Great weekend here on Grand with folks on all corners of the lake enjoying friends, family and fellow boaters.  Activity did not stop until late Sunday evening which was a perfect weather day with soft northerly breezes to cut down on the humidity.  This has been a jam packed month for the pond. 

 

DAM TOURS

Forrest Graham gave me the latest on the dam tour count and as of Sunday the number is 6248 and holding with 15 countries represented and folks from 43 states.  The countries are: Australia, Canada, Costa Rica, Guam, Germany, India, Ireland, Kuwait, Norway, Poland, Republic of Korea, Singapore, Ukraine, United Kingdom and West Africa.  They all enjoyed the new video of the dam history and all the information given by all the tour guides.  They should break the record this week for last year’s numbers and still several weeks to go, come and get on the list of visitors it is an experience.

 

CONGRESS DOES SOME GOOD

With the passage of the Wall Street Reform and Consumer Protection Act there are three provisions of significant interest to businesses that should help with profitability. 

·        Effective July 22nd, merchants can set minimum amounts for credit card transactions as long as it does not exceed $10 per transaction.

·        Effective July 22nd, merchants can offer customers discounts for payment made with cash, checks, debit cards or credit cards, as long as the discount is offered to all customers and is clearly disclosed to the extent required by federal and state law. 

·        The Federal Reserve has until April 2011 to issue regulations to ensure the interchange fees on debit card transactions are “reasonable and proportional” to the cost incurred by the card user.  The regulations will take effect July 2011.  This should significantly reduce interchange fees on debit card transactions. 

These new provisions are significant for businesses of all kinds that accept debit and credit cards in their daily operations. 

            The Senate should vote soon on a Small Business Jobs Act of 2010 that could provide small businesses with tax relief and help getting access to capital.  The bill would expand capital expensing limits for small businesses and also extend bonus depreciation, which expired at the end of last year.  The bill would also make enhancements to Small Business Administration loans, increasing maximum loans from $2 million to $5 million, eliminating fees and extending the government’s 90 percent guarantee through 2010.  And there is hope that the bill would include permanently lowering estate taxes.   

 

MEMBER BENEFITS

We are pleased to announce a new member benefit for our chamber investors, the Grand Lake radio Network and the Chamber are offering discounts to members that would like to use this new online radio network to reach new customers.  The online network features music from the 70’s and 80’s and will soon have weather and news reports, so while you are at your computer or other hand held device you can get a local radio network.  The address is grandlake.onlineradio247.com. The difference with this audio advertising is they can tract listeners and have  solid counts instead of surveys that come out months after you advertised.  Call Lora at the office for more information or send here an email at admin@gradnlakechamber.org

 

HAVE A GREAT GRAND DAY!!!