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January 6, 2014
State Tax Revenue Surge In Fourth Quarter Was A One-Off, Rockefeller Institute Warns
Overall state tax revenues increased by 5.2% in the fourth quarter of 2012, the Nelson A. Rockefeller Institute of Government reported April 24. But the Institute’s researchers warned that the surge, which drove personal income tax collections up 10.8%, was a one-time event prompted by taxpayers taking actions to minimize federal tax liability they expected…
January 6, 2014
Improving U.S. Economy Should Drive Moderate Foodservice Growth, Says Technomic
The domestic economy is looking better than it has since the Great Recession began in 2008, according to economist Arjun Chakravarti, but there remain significant risk factors. And the gradually improving economic situation of many Americans should lead to the continuation of moderate foodservice sales growth over the next 18 months, said Technomic Pres. Ron…
January 6, 2014
FER Presents Its Annual E&S Market Forecast Today, Aug. 7
Today is the day we present our annual forecast overview of the foodservice equipment and supplies market, the Foodservice Equipment Reports’ 2014 President’s Preview E&S Market Forecast. We’re at the Westin O’Hare Hotel in Rosemont, Ill., with an audience of manufacturers, dealers, reps and others in the industry. Because we’re unveiling the forecast today, we…
January 6, 2014
Casual Dining Ends Five Years Of Traffic Declines As 2Q Traffic Rose 1%, Says NPD
The second quarter of 2013 keeps turning out surprisingly robust foodservice data in many ways. We’ve written about the strong gains of the MAFSI Business Barometer and publicly reporting equipment and supplies company revenue growth in the period. Now the
January 6, 2014
Technomic Forecasts Moderate Operator Growth In 2014
Foodservice operator growth in the United States has slowed during 2013, according to the latest forecasts from Chicago-based Technomic Inc. But the research firm foresees moderate acceleration in growth next year. The latest Technomic forecasts plot total industry growth for ’13 at 3% in current dollars, with real growth forecast at 1%, factoring out 2%…
January 6, 2014
New York City Soda Wars Continue
The New York State Supreme Court is hearing arguments Jan. 23 on the legality of the supersized soft-drink ban passed last year by New York City’s board of health The National Restaurant Association, American Beverage Association and other plaintiffs in the suit have challenged the city’s authority to issue the ban. The mandate, as passed…
January 6, 2014
Rising Water Costs Hit Home In Nova Scotia
Are foodservice operators being asked to foot the bill for years of municipal neglect? That’s what Halifax, New Scotia, restaurateurs, and the Canadian Restaurant and Foodservices Association are claiming. The CRFA is appealing to the Nova Scotia Utility and Review Board to reject a proposed hike to water rates that would hit the region’s restaurants…
January 6, 2014
NYC Restaurants Sue Over City’s Health Inspections
Forty restaurant owners in the Bronx have sued the city, calling the New York Health Department’s grading system unconstitutional and an unfair tax on small businesses. In a $150 million lawsuit, the operators accuse health inspectors of levying excessive fines to raise revenue and driving eateries out of business. In addition, they claim the inspectors…
January 6, 2014
NRA Launches 14-Member Conserve Sustainability Advisory Council
The National Restaurant Association has named 14 members of the foodservice and allied industries, all sustainability experts in their own fields, to its Conserve Sustainability Advisory Council. The council is part of the NRA’s plan to help restaurateurs better understand environmental awareness and become more resource-efficient through its Conserve Sustainability Education Program. The new council…
January 6, 2014
Fiscal Cliff Deal Includes Equipment Tax Breaks, Extension Of Tax Depreciation
A fall off the so-called fiscal cliff was skirted by Congress’s New Year’s passage of the American Taxpayer Relief Act, which included a number of tax breaks for small-business owners and foodservice operators. The legislation contains a long list of temporary tax provisions that will be extended for a year, including a provision allowing businesses…
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