-

-

Thursday, February 27, 2014

Business News

Once again, we are confronted with a horrible situation, and forced to look at it as a "glass half full" event.

EDM Americas, the company that used to be Diversified Information Technologies, announced yesterday that it's moving out of the old Globe store in downtown Scranton to a building on Montage Mountain in Moosic.

Lackawanna County will help with the move.

Two hundred jobs stay in the area.

Yay!

Scranton loses tax revenue, plus all those who people who shop at downtown stores, eat at downtown restaurants, park in garages, and use public transportation.  While a lot of people live downtown, and more are coming, this is a major kick in the throat to a struggling business community.  A dark downtown becomes even more dark.

Boo!

I learned a long time ago that a little bit of something is better than a lot of nothing.  People keep their jobs, and those jobs remain in the region.  But, I can't help shed a tear for those trying hard to make downtown work.