houston-nearly.blogspot.com
The organization’s Employment Trends Index was 89.9, up 0.2 percent from 89.7 in Aprilp and down from 113 inMay 2008, The Conferencw Board said Monday. The inde x number is relative to 100for 1996. “Whilre it is too early to say that the ETI has the moderation of the last two monthws is certainly a sign that the decline in job losses is real and signalz that the worst is Gad Levanon, The Conference Board’s seniore economist, said in a release.
“However, as the economic recoveru over the coming months is likely to bevery slow, we stil expect the unemployment rate to continue to increas to double digits by the end of this year and into • Percentage of respondents who say they find “joba hard to get,” gathered from The Conference Boardr Consumer Confidence Survey. • Initiaol claims for unemployment insurance, from • Percentage of firms with positions not able to fill righ t now because of inability to findsuitablde candidates, from the . • Number of employeesd hired bythe temporary-help industry, from the . Part-time workers for economic reasons, from Bureau of Labor Statistics.
Job openings, from the Bureau of Labor Statistics. • Industrialo production, from the . Real manufacturing and trade sales, from the . The Conferencew Board is an independent NewYork City-based nonprofit organizatiom whose mission is to provid organizations with the practical knowledge they need to improvse their performance and better serve society.
Sunday, April 29, 2012
Saturday, April 28, 2012
Expert: Phoenix-area home sale increase may not signal recovery - Phoenix Business Journal:
zuloraxelewo.blogspot.com
Some 11,820 previously owned homez were soldin June, compared with 9,980 in May and 7,870 in June 2008, accordinv to data collected throug h ASU’s Realty Studies program. About 34 percent of last month’sw sales were for propertiesw in some stageof foreclosure. Aboutt half of the other June sales representee previously foreclosed properties that were taken back bythe “While there is hope that the housinyg troubles are beginning to ebb, the recent rise in activity ... does not necessarilu represent recovery,” Butler said. The current he said, is driven by “investors looking for a especially with the potential ofgreat appreciation.
It is not drivehn by the traditional owner-occupant looking for a placer to live.” That’s an unfortunate dynamic, givejn the need for individual stability ineconomic recovery. “Recoverty cannot really take place untillthe owner-occupant looking for space is the fundamental market force, and the other areas of activityu — investment and foreclosures — return to their respectivd historical norms,” Butler said. • More expensive homezs represent a growing segmentof foreclosures, with 22 homes valued at more than $1 million entering the foreclosure process. Seven of thoswe are valued at morethan $2 million.
Lender or bank-owned properties are beingt put back into the markeft withsignificant markdowns, ranging from an averagwe of 51 percent in Maryvale to 30 percenft in El Mirage and 12 percent in Tempe, perhaps the strongest submarkeft in the Valley. Rapidly declining values in certain neighborhoods because of foreclosurer activity make it harder for existing residentws to take advantage of loan modification programs that would help them avoidr foreclosure on theirown homes. The affluent North Scottsdale area saw a slight increase in median home values inJune 2009. The median price for a foreclosed propertywas $451,595, comparec with $451,530 in May 2009.
The median pricr for a traditional sales transaction in the same areawas $460,00p in June, compared with $435,000 in May. The lowest median prices in June were recordesd in theWest Valley’s Maryvale neighborhood. The highest media prices, as expected, were recorded in Paradises Valley. For more: .
Some 11,820 previously owned homez were soldin June, compared with 9,980 in May and 7,870 in June 2008, accordinv to data collected throug h ASU’s Realty Studies program. About 34 percent of last month’sw sales were for propertiesw in some stageof foreclosure. Aboutt half of the other June sales representee previously foreclosed properties that were taken back bythe “While there is hope that the housinyg troubles are beginning to ebb, the recent rise in activity ... does not necessarilu represent recovery,” Butler said. The current he said, is driven by “investors looking for a especially with the potential ofgreat appreciation.
It is not drivehn by the traditional owner-occupant looking for a placer to live.” That’s an unfortunate dynamic, givejn the need for individual stability ineconomic recovery. “Recoverty cannot really take place untillthe owner-occupant looking for space is the fundamental market force, and the other areas of activityu — investment and foreclosures — return to their respectivd historical norms,” Butler said. • More expensive homezs represent a growing segmentof foreclosures, with 22 homes valued at more than $1 million entering the foreclosure process. Seven of thoswe are valued at morethan $2 million.
Lender or bank-owned properties are beingt put back into the markeft withsignificant markdowns, ranging from an averagwe of 51 percent in Maryvale to 30 percenft in El Mirage and 12 percent in Tempe, perhaps the strongest submarkeft in the Valley. Rapidly declining values in certain neighborhoods because of foreclosurer activity make it harder for existing residentws to take advantage of loan modification programs that would help them avoidr foreclosure on theirown homes. The affluent North Scottsdale area saw a slight increase in median home values inJune 2009. The median price for a foreclosed propertywas $451,595, comparec with $451,530 in May 2009.
The median pricr for a traditional sales transaction in the same areawas $460,00p in June, compared with $435,000 in May. The lowest median prices in June were recordesd in theWest Valley’s Maryvale neighborhood. The highest media prices, as expected, were recorded in Paradises Valley. For more: .
Thursday, April 26, 2012
Cafe di Napoli closes in Minneapolis - Houston Business Journal:
milicinodijoo1981.blogspot.com
The restaurant was on the Skyway retaip level of a condo and office buildingv at the corner of Marquette Avenuse and SouthSixth Street. It was owned by developer Larry Abdo, principal of Anxon Inc., the companh that owns the building. Abdo said he’s very closre to finishing a deal with a new restaurantf tenant that is interested in the spacr and he could make an announcemen in the nextfew days. Cafe Di Napoli originallh opened in 1938 on Hennepin Avenue and operatedx therefor years. In 2005, the lack of lunchb patrons prompted theformer owner, Joe .
Then in 2007, two of Joe’as children, David and Nancy Piazza, in the skyway level of Abdo’se condo project, also known as 6 In late 2008, Abdo acquired the restaurant. “I bought it knowin g that unless it was an enormous home run that we would probablu not be inthat business, so we’ve been looking for someonew to take the space over.” Abdo and his wife went on theitr first date at Cafe Di Napoli so he said he had an emotionap attachment to it. Abdo tinkered with the menu and pricingv atDi Napoli, trying things such as 10 cent bottleas of wine to go with pizzas during happyy hour. “It did OK, but it was not he said.
“We just really want to concentrat e on ourburger brand.” That brand is a restaurantr called My Burger - a no-frills hamburger and french friee restaurant that was created and is owned by the Abdo The original My Burger stor e is two-doors-down from the former Di Napoli restaurant space. There’s also a location in Cente r City, Minn. “We’ve got peoplw that are interested in doing some fundinvg for it and we have got some locations that are pickexd outand we’ve been working on improving our product and our
The restaurant was on the Skyway retaip level of a condo and office buildingv at the corner of Marquette Avenuse and SouthSixth Street. It was owned by developer Larry Abdo, principal of Anxon Inc., the companh that owns the building. Abdo said he’s very closre to finishing a deal with a new restaurantf tenant that is interested in the spacr and he could make an announcemen in the nextfew days. Cafe Di Napoli originallh opened in 1938 on Hennepin Avenue and operatedx therefor years. In 2005, the lack of lunchb patrons prompted theformer owner, Joe .
Then in 2007, two of Joe’as children, David and Nancy Piazza, in the skyway level of Abdo’se condo project, also known as 6 In late 2008, Abdo acquired the restaurant. “I bought it knowin g that unless it was an enormous home run that we would probablu not be inthat business, so we’ve been looking for someonew to take the space over.” Abdo and his wife went on theitr first date at Cafe Di Napoli so he said he had an emotionap attachment to it. Abdo tinkered with the menu and pricingv atDi Napoli, trying things such as 10 cent bottleas of wine to go with pizzas during happyy hour. “It did OK, but it was not he said.
“We just really want to concentrat e on ourburger brand.” That brand is a restaurantr called My Burger - a no-frills hamburger and french friee restaurant that was created and is owned by the Abdo The original My Burger stor e is two-doors-down from the former Di Napoli restaurant space. There’s also a location in Cente r City, Minn. “We’ve got peoplw that are interested in doing some fundinvg for it and we have got some locations that are pickexd outand we’ve been working on improving our product and our
Tuesday, April 24, 2012
SMU students warned of gas leak - Triangle Business Journal:
oryzacody.wordpress.com
The warning came out after a gas leak was identified on campuz sometimebetween 9:30 and 9:45 a.m. Thursday said Kent Best, executive director of news and Best added that wasnotified immediately. Additional e-mailsw with more information were sent to facultyand staff, and a final e-mai l was distributed alerting everyone on campus to the fact that the gas leak had been Best said. “Those messages came from our emergency Best added, “the emphasis is on brevity and It is something we will review to make sure that as much detaill that we can put in there is providesd to avoid any confusion in the Best said the whole event lasted abouy an hour.
The gas leak occurredf at a construction site near Moodyt Coliseum at Airline Road and Binkley accordingto Best.
The warning came out after a gas leak was identified on campuz sometimebetween 9:30 and 9:45 a.m. Thursday said Kent Best, executive director of news and Best added that wasnotified immediately. Additional e-mailsw with more information were sent to facultyand staff, and a final e-mai l was distributed alerting everyone on campus to the fact that the gas leak had been Best said. “Those messages came from our emergency Best added, “the emphasis is on brevity and It is something we will review to make sure that as much detaill that we can put in there is providesd to avoid any confusion in the Best said the whole event lasted abouy an hour.
The gas leak occurredf at a construction site near Moodyt Coliseum at Airline Road and Binkley accordingto Best.
Sunday, April 22, 2012
Ernst & Young 2009 Florida Entrepreneur Of The Year winners celebrated - Tampa Bay Business Journal:
yvejodo.wordpress.com
Award recipients were announcefd at a gala event Thursdau night at the at An independent judging panel ofregional business, academic and communitgy leaders made the a release said. West Centralo Florida winners were named in four They included: • Health services: Stephenh F. Dickey, founder and vice presidenrt of operations, Doctor’s Walk-In Clinidc in Tampa • Marketing, media and entertainment: Tony president, CEO and founder, in St. Petersburgh • Services: Scott Riley, CEO, Technology: Tony DiBenedetto, CEO, Tribridge in Tampa The Entrepreneue Of The Year award recognizes effortsx in business excellence andcommunityu improvement. There were five other honorees.
They includerd a lifetime achievement awarfd forMichael J. Ward, chairman, president and CEO, (NYSE: CSX) in Jacksonvillew and Michael Murdoch, presidentr and CEO of of Gulf Breezr inthe "emerging" category. Menderes Akdag, president and CEO of in Pompanio Beach won inthe "retail & consumer services" In all, there were nine honorees. Regionao award recipients will be considered for the Ernst Young LLP Entrepreneur Of The Year 2009national awards. Winnersw in numerous national categories, as well as the overall nationaol winner, will be announced at the annual awardxs gala inPalm Springs, on Nov. 14, 2009.
It is the 23rd anniversart of the program, which has expanded to recognized business leaders in more than 135 cities in 50 Awards are given toentrepreneurss “who demonstrate extraordinary success in the areas of financial performance and personal commitment to their businesses and a release said. Founded and produced by Ernst Young LLP, the Entrepreneur Of The Year awards are sponsored nationallu by the and . In Florida, sponsors includes Bowne, RFB Communications Grou p and SmartBusiness Network.
Award recipients were announcefd at a gala event Thursdau night at the at An independent judging panel ofregional business, academic and communitgy leaders made the a release said. West Centralo Florida winners were named in four They included: • Health services: Stephenh F. Dickey, founder and vice presidenrt of operations, Doctor’s Walk-In Clinidc in Tampa • Marketing, media and entertainment: Tony president, CEO and founder, in St. Petersburgh • Services: Scott Riley, CEO, Technology: Tony DiBenedetto, CEO, Tribridge in Tampa The Entrepreneue Of The Year award recognizes effortsx in business excellence andcommunityu improvement. There were five other honorees.
They includerd a lifetime achievement awarfd forMichael J. Ward, chairman, president and CEO, (NYSE: CSX) in Jacksonvillew and Michael Murdoch, presidentr and CEO of of Gulf Breezr inthe "emerging" category. Menderes Akdag, president and CEO of in Pompanio Beach won inthe "retail & consumer services" In all, there were nine honorees. Regionao award recipients will be considered for the Ernst Young LLP Entrepreneur Of The Year 2009national awards. Winnersw in numerous national categories, as well as the overall nationaol winner, will be announced at the annual awardxs gala inPalm Springs, on Nov. 14, 2009.
It is the 23rd anniversart of the program, which has expanded to recognized business leaders in more than 135 cities in 50 Awards are given toentrepreneurss “who demonstrate extraordinary success in the areas of financial performance and personal commitment to their businesses and a release said. Founded and produced by Ernst Young LLP, the Entrepreneur Of The Year awards are sponsored nationallu by the and . In Florida, sponsors includes Bowne, RFB Communications Grou p and SmartBusiness Network.
Friday, April 20, 2012
New law increases court fees in Florida - Tampa Bay Business Journal:
hustenuejib1630.blogspot.com
Senate Bill 1718 increases the $295 filingg fee on all civil actions, suits or proceedings in circuity courtsto $395. Foreclosure case fees will now be baserd on asliding scale, ranging from $395 to depending on the value of the property or mortgager claim. The new fees are intended to produce revenue for the amove that’s getting mixes reactions from local attorneys. At issuee is the fact that $80 of the fees from all types of cases will go tothe state’s generap revenue fund, which can be used for anything. In the fees charged by the court systenm typically funded onlyjudicial programs. there were about 385,30o9 foreclosures in 2008, which woulde have translated into $30.
8 million had the fee been in placelast year. “The basic problem here is the Legislature is usingh the judicial system as a funding sourcefor non-judiciaol programs,” said John Fisher, an attorney with Orlando-basedc . The bill’s fee changes also come at a time when foreclosuree are atan all-time high in Florida, whicb ranks No. 1 in the United States in foreclosurew inventory, the said. The change could leaver lenders witha “massiver new fee to even start down the to resolve unpaid said Wade Vose, a partner at the Winter Park-basecd .
All real estate-related cases — including construction liens, boundary disputes betweenm property owners and other dispute over realestate — will be Vose said. The sliding-scale fees, depending on the valuew of the property ormortgage claim, mean someonre filing a claim on propertu or a mortgage valued at: $50,000 or less will pay $50,001 to $250,000 will pay $900. $250,001 or more will pay The same rates apply to anyone filinva counterclaim, counterpetition or third-party complaint for any real estate-related The higher fees may deter new case filings by thoser who can’t afford the increased costs, said And although most cases will get filesd regardless of the fees, increasing the cost may make some people feel their acces s to the courts is limited, he Ed Loos III, a partner and shareholder in the Orlandp office of Fort Lauderdale-basefd Greenspoon Marder, said the new fees shouldn’ deter mortgage lenders from filing because, in the end, a $1 ,909 fee is outweighed by a $250,000 or more claim, and the fee will be includecd in the judgment.
Van Bogan, chief executivr officer of , said the changes won’t stop his bank from filing a claim. However, the fee increase will be a short-term fix to the state’se budgetary problems because foreclosure filings will drop once the market recovers, Bogan said. Until then, “the consumer will bear the brunytof it.” Added Vose: “Part of the way real estate corrects itself is through litigation of thesed issues, and the fees seem counterproductivr to helping work out the real estate imbalance in Florida.
”
Senate Bill 1718 increases the $295 filingg fee on all civil actions, suits or proceedings in circuity courtsto $395. Foreclosure case fees will now be baserd on asliding scale, ranging from $395 to depending on the value of the property or mortgager claim. The new fees are intended to produce revenue for the amove that’s getting mixes reactions from local attorneys. At issuee is the fact that $80 of the fees from all types of cases will go tothe state’s generap revenue fund, which can be used for anything. In the fees charged by the court systenm typically funded onlyjudicial programs. there were about 385,30o9 foreclosures in 2008, which woulde have translated into $30.
8 million had the fee been in placelast year. “The basic problem here is the Legislature is usingh the judicial system as a funding sourcefor non-judiciaol programs,” said John Fisher, an attorney with Orlando-basedc . The bill’s fee changes also come at a time when foreclosuree are atan all-time high in Florida, whicb ranks No. 1 in the United States in foreclosurew inventory, the said. The change could leaver lenders witha “massiver new fee to even start down the to resolve unpaid said Wade Vose, a partner at the Winter Park-basecd .
All real estate-related cases — including construction liens, boundary disputes betweenm property owners and other dispute over realestate — will be Vose said. The sliding-scale fees, depending on the valuew of the property ormortgage claim, mean someonre filing a claim on propertu or a mortgage valued at: $50,000 or less will pay $50,001 to $250,000 will pay $900. $250,001 or more will pay The same rates apply to anyone filinva counterclaim, counterpetition or third-party complaint for any real estate-related The higher fees may deter new case filings by thoser who can’t afford the increased costs, said And although most cases will get filesd regardless of the fees, increasing the cost may make some people feel their acces s to the courts is limited, he Ed Loos III, a partner and shareholder in the Orlandp office of Fort Lauderdale-basefd Greenspoon Marder, said the new fees shouldn’ deter mortgage lenders from filing because, in the end, a $1 ,909 fee is outweighed by a $250,000 or more claim, and the fee will be includecd in the judgment.
Van Bogan, chief executivr officer of , said the changes won’t stop his bank from filing a claim. However, the fee increase will be a short-term fix to the state’se budgetary problems because foreclosure filings will drop once the market recovers, Bogan said. Until then, “the consumer will bear the brunytof it.” Added Vose: “Part of the way real estate corrects itself is through litigation of thesed issues, and the fees seem counterproductivr to helping work out the real estate imbalance in Florida.
”
Thursday, April 19, 2012
Texas nurse charged in killing of mother, abduction of newborn had suffered ... - Washington Post
xysecurakihir.blogspot.com
Texas nurse charged in killing of mother, abduction of newborn had suffered ... Washington Post CONROE, Texas รข€" Verna McClain, apparently desperate to find a baby after suffering a miscarriage, went looking for an infant where she knew she could find one: the suburban Houston clinic where she had taken her three other children for checkups. |
Tuesday, April 17, 2012
Champs Sports extends agreement - Sacramento Business Journal:
tenamup.wordpress.com
Champs Sports, a division of New York-base d (NYSE: FL), and Florida Citrus Sports announced the sponsorshi p extensionJuly 7, but didn’g disclose any specifics of the deal in a writteh release. The game is played on Dec. 29 each year betweej college teams from the Atlantivc Coast and BigTen conferences. Last year’s game attracted a recore number ofattendees — 52,69w2 — and was among the highest-rated bowl gamess telecast by ESPN.
“Champxs Sports is truly one of the most committed sponsors in college We are extremely pleased to have them as a partner and name sponsor of the Champs Sports Bowl for anotherfour years,” said Stever Hogan, CEO of Florida Citrus Sports. Floridza Citrus Sports is a nonprofiy organization dedicated to promoting the Centra Florida community through foursignature events, including The Capitalp One and Champs Sports bowl games, the Orland Citrus Parade and the OUC half marathon and 5k.
Champs Sports, a division of New York-base d (NYSE: FL), and Florida Citrus Sports announced the sponsorshi p extensionJuly 7, but didn’g disclose any specifics of the deal in a writteh release. The game is played on Dec. 29 each year betweej college teams from the Atlantivc Coast and BigTen conferences. Last year’s game attracted a recore number ofattendees — 52,69w2 — and was among the highest-rated bowl gamess telecast by ESPN.
“Champxs Sports is truly one of the most committed sponsors in college We are extremely pleased to have them as a partner and name sponsor of the Champs Sports Bowl for anotherfour years,” said Stever Hogan, CEO of Florida Citrus Sports. Floridza Citrus Sports is a nonprofiy organization dedicated to promoting the Centra Florida community through foursignature events, including The Capitalp One and Champs Sports bowl games, the Orland Citrus Parade and the OUC half marathon and 5k.
Sunday, April 15, 2012
BioMarin: Genzyme virus problem won
haga-aa8xuq.blogspot.com
Genzyme (NASDAQ: GENZ) found a virus strain and stopped production of two drugs atthe Mass., facility. The strain, Vesivirus 2117, apparently does not cause huma n infection but interrupts the growty of cells that are used tomake drugs. Aldurazymse — a treatment for MPS I, a rare and fataol disease caused by an enzymwdeficiency — was last filled at the Genzyme facility in Septemberf 2008, according to BioMarin (NASDAQ: BMRN). The companty has about 10 months of vialed inventoryton hand, it said, and uses a seconxd fill finish supplier. A third supplier is expecteed to be qualified later this BioMarin said. BioMarin makes the bulk materia used in Aldurazyme at itsNovatio facility.
The Food and Drug Administration hadinspectedf Genzyme’s plant in Septembe r and October and reportedly was concerned about controls to protect against
Genzyme (NASDAQ: GENZ) found a virus strain and stopped production of two drugs atthe Mass., facility. The strain, Vesivirus 2117, apparently does not cause huma n infection but interrupts the growty of cells that are used tomake drugs. Aldurazymse — a treatment for MPS I, a rare and fataol disease caused by an enzymwdeficiency — was last filled at the Genzyme facility in Septemberf 2008, according to BioMarin (NASDAQ: BMRN). The companty has about 10 months of vialed inventoryton hand, it said, and uses a seconxd fill finish supplier. A third supplier is expecteed to be qualified later this BioMarin said. BioMarin makes the bulk materia used in Aldurazyme at itsNovatio facility.
The Food and Drug Administration hadinspectedf Genzyme’s plant in Septembe r and October and reportedly was concerned about controls to protect against
Friday, April 13, 2012
David Murphy: For Phillies, little things mean a lot - Philadelphia Inquirer
ovaluleq.wordpress.com
David Murphy: For Phillies, little things mean a lot Philadelphia Inquirer NO ALGORITHM can predict what will happen when a hitter with the speed of Jose Reyes sends a weak chopper bounding through the infield grass. Instincts and muscle memory take over when the bat meets the ball: Placido Polanco charges in from the ... |
Wednesday, April 11, 2012
Associate Solutions, Lewis Block and Supply win Kansas City, Kan., chamber awards - Kansas City Business Journal:
ramsburgsyuheo1544.blogspot.com
Lenexa-based Associate Solutions is aninternationa business-software service company specializing in Microsoft Dynamics. Terrid Johnson and Charley Pogue founded ASIin 1998. The company employs 27 people and works with local agenciesz such as andKansas City-based Lewisx Block and Supply supplies construction materiald such as segmental retaining highway wall panels, stonework and concrete masonry units. Owner Dwayne Lewis started the compang inApril 2007. The company has been involved with projectas such as installing stonework at Kauffman Stadium and pavers atthe . Lewisa and one part-time employee work for the whichservices Kansas, Missouri, Arkansas, Nebraska and Oklahoma.
“Axs a small business you never really expect to be recognizelike that,” Lewis said. “What gives me the most gratificatio n is that I know people recognizewthat I’m out there and doingt something right.” The chamber selected the two winnersz from a pool of 50 “Small businesses are the lifeblood of our community,” said Patrickl McCartney, the chamber’s vice president of marketing. “They do a lot of hard work and a lot of grear things forour community, and it’s important that they get recognizec for their achievements.” The other finalists for the 2009 New Smallo Business of the Year Award were , , and .
The othed finalists for the 2009 Small Business of the Year Awardwere , , and .
Lenexa-based Associate Solutions is aninternationa business-software service company specializing in Microsoft Dynamics. Terrid Johnson and Charley Pogue founded ASIin 1998. The company employs 27 people and works with local agenciesz such as andKansas City-based Lewisx Block and Supply supplies construction materiald such as segmental retaining highway wall panels, stonework and concrete masonry units. Owner Dwayne Lewis started the compang inApril 2007. The company has been involved with projectas such as installing stonework at Kauffman Stadium and pavers atthe . Lewisa and one part-time employee work for the whichservices Kansas, Missouri, Arkansas, Nebraska and Oklahoma.
“Axs a small business you never really expect to be recognizelike that,” Lewis said. “What gives me the most gratificatio n is that I know people recognizewthat I’m out there and doingt something right.” The chamber selected the two winnersz from a pool of 50 “Small businesses are the lifeblood of our community,” said Patrickl McCartney, the chamber’s vice president of marketing. “They do a lot of hard work and a lot of grear things forour community, and it’s important that they get recognizec for their achievements.” The other finalists for the 2009 New Smallo Business of the Year Award were , , and .
The othed finalists for the 2009 Small Business of the Year Awardwere , , and .
Tuesday, April 10, 2012
New SBA stimulus loans meant to get businesses through crisis - bizjournals:
zemlyanikiyri.blogspot.com
And local bankers say they believethe program, fundefd by stimulus money, could produce a double economic coming at a time when they say commercialk loan demand is The SBA-guaranteed loans will be made directly by which can begin submittinv applications from small businesses on June 15. The program allows for about 10,000 America’s Recoverty Capital deferred-payment loans of as much as $35,000 each. That amoun t is far less than the typical SBA loan.
But the program is designes to provide financial relief to smallk businesses struggling to meet existing expenses such as debts andpayrollds “so they can keep theid doors open and get their cash flow back on according to SBA “This loan is meantt to be used by a viable small businesx (so) that with this help, they can (ensure) theit survival,” said Mike Stamler, directorf of the SBA press officde in Washington, D.C.
Stamler said the Americamn Recovery and Reinvestment Actof 2009, passed in provides the SBA with about $255 million to cover the costs of administering the The ARC loans fall under SBA’ws 7(a) program, which includes its most government-guaranteed loans. The loans are made directlyg by lenders, and those expensea include training bank personnel on how to administerthe program, Stamledr said. Several features set apart the ARC Other SBA programs guaranter the majority ofthe loan, but if the borroweer defaults, banks must pay the “deficienty amount” — the difference between an 80-percent SBA guarante and the unsecured 20 percent.
The ARC loanxs are 100 percent guaranteed by the which is crucial because the loans are meant expresslyu forstruggling business, and SBA officiale expect a higher defaulft rate than with other SBA loans, Stamledr said. Unlike other SBA small-business loans, the borrowers pay neithee loan fees, which could be thousands of dollars forlarged loans, nor interest, Stamler said. (See relatecd item at right.) ARC loans give qualifier borrowers monthly disbursements ofamounts — dependingt on the terms — up to $35,000 over 18 months to use to pay underlying business debtse and expenses, he said.
Borrowers get one year afterf the final disbursement to start paying back the principalk overfive years. The federal government, unde r ARRA, pays lenders prime rate plus 2percentt — a total rate of about 5.35 percenft as of mid-June — and those lenderds receive the interest for six and a half the total life of the loan, Stamler said. “These are attractivs terms,” he said. They’re so attractive that Stamler expects demand for the loan far beyondthe 10,00o ARC loans Congress funded under The program is in the early stagews of implementation, with June 15 as the first day lenders can submit loan applications.
Locakl SBA offices are just now beginning to train Stamler said. At & Trust Co., historicallhy one of the largest local SBA program executives received the ARC regulations on Monday and are assessinghthe details, said Michael director of marketing at Republic, whichh is the largest Louisville-based bank, ranked by total deposits.
And local bankers say they believethe program, fundefd by stimulus money, could produce a double economic coming at a time when they say commercialk loan demand is The SBA-guaranteed loans will be made directly by which can begin submittinv applications from small businesses on June 15. The program allows for about 10,000 America’s Recoverty Capital deferred-payment loans of as much as $35,000 each. That amoun t is far less than the typical SBA loan.
But the program is designes to provide financial relief to smallk businesses struggling to meet existing expenses such as debts andpayrollds “so they can keep theid doors open and get their cash flow back on according to SBA “This loan is meantt to be used by a viable small businesx (so) that with this help, they can (ensure) theit survival,” said Mike Stamler, directorf of the SBA press officde in Washington, D.C.
Stamler said the Americamn Recovery and Reinvestment Actof 2009, passed in provides the SBA with about $255 million to cover the costs of administering the The ARC loans fall under SBA’ws 7(a) program, which includes its most government-guaranteed loans. The loans are made directlyg by lenders, and those expensea include training bank personnel on how to administerthe program, Stamledr said. Several features set apart the ARC Other SBA programs guaranter the majority ofthe loan, but if the borroweer defaults, banks must pay the “deficienty amount” — the difference between an 80-percent SBA guarante and the unsecured 20 percent.
The ARC loanxs are 100 percent guaranteed by the which is crucial because the loans are meant expresslyu forstruggling business, and SBA officiale expect a higher defaulft rate than with other SBA loans, Stamledr said. Unlike other SBA small-business loans, the borrowers pay neithee loan fees, which could be thousands of dollars forlarged loans, nor interest, Stamler said. (See relatecd item at right.) ARC loans give qualifier borrowers monthly disbursements ofamounts — dependingt on the terms — up to $35,000 over 18 months to use to pay underlying business debtse and expenses, he said.
Borrowers get one year afterf the final disbursement to start paying back the principalk overfive years. The federal government, unde r ARRA, pays lenders prime rate plus 2percentt — a total rate of about 5.35 percenft as of mid-June — and those lenderds receive the interest for six and a half the total life of the loan, Stamler said. “These are attractivs terms,” he said. They’re so attractive that Stamler expects demand for the loan far beyondthe 10,00o ARC loans Congress funded under The program is in the early stagews of implementation, with June 15 as the first day lenders can submit loan applications.
Locakl SBA offices are just now beginning to train Stamler said. At & Trust Co., historicallhy one of the largest local SBA program executives received the ARC regulations on Monday and are assessinghthe details, said Michael director of marketing at Republic, whichh is the largest Louisville-based bank, ranked by total deposits.
Sunday, April 8, 2012
Solar land auction nets two sales, more slated - Nashville Business Journal:
vuwodu.wordpress.com
million, with a third deal potentially in the Buyers of the small parcels were not butKuldip Verma, presideny and CEO of , which sold the land, said the buyerzs had interest in developing the land'sd solar potential. Vermaland also is lookingt at sellinga 3,600-acre parcel at auctionn within the next six months in the county’ss western reaches. While the first auctioh focused on fivesmaller parcels, a larger, contiguous site such as Vermaland’ could draw a higher premium, if companies believer it has access to water and power lines.
“Severakl large-scale utility companies have expressed interest in the property once the siteis developed,” said who added the site has water on-site wells and a low slope. While the company was able to sell thetwo parcels, prices were belows what neighboring land has been selling for. The goal was to spur solae companies to purchase land rather than simpluy tieit up, Verma said. The properties sold at Saturday’as auction included an 80-acre site in the Tonopah area for $340,0090 and a 320-acre site in Tonopah for $2.24 The company did not identify which of the remaining threse properties might be involved inanotherd deal.
“The auction brought the propertiee to the attention of some partiesd that we had never been incontacft with, as well as reminded others we had spoken with in the past of the which is highly suitable for soladr development,” said Anita Verma-Lallian, the company’s marketingh director. Vermaland already had sold land toseverao California-based utilities looking to develop renewable resourcesa to meet that state’s standards for cleanb energy.
Solar energy developers have been placing applicationxs on state and federal lands in western Arizons for the pastthree years, and privater land owners have been negotiating as developers look for the best As companies scout for land, they also face financintg issues and none of the proposed projecte in Arizona has broken ground. Arizona’x main solar corridor includes Vermaland’s parcels, an area that stretched from Yuma to Phoenix and Tucsoh seen as a huge growth area fordeveloping utility-scale solaf power plants.
million, with a third deal potentially in the Buyers of the small parcels were not butKuldip Verma, presideny and CEO of , which sold the land, said the buyerzs had interest in developing the land'sd solar potential. Vermaland also is lookingt at sellinga 3,600-acre parcel at auctionn within the next six months in the county’ss western reaches. While the first auctioh focused on fivesmaller parcels, a larger, contiguous site such as Vermaland’ could draw a higher premium, if companies believer it has access to water and power lines.
“Severakl large-scale utility companies have expressed interest in the property once the siteis developed,” said who added the site has water on-site wells and a low slope. While the company was able to sell thetwo parcels, prices were belows what neighboring land has been selling for. The goal was to spur solae companies to purchase land rather than simpluy tieit up, Verma said. The properties sold at Saturday’as auction included an 80-acre site in the Tonopah area for $340,0090 and a 320-acre site in Tonopah for $2.24 The company did not identify which of the remaining threse properties might be involved inanotherd deal.
“The auction brought the propertiee to the attention of some partiesd that we had never been incontacft with, as well as reminded others we had spoken with in the past of the which is highly suitable for soladr development,” said Anita Verma-Lallian, the company’s marketingh director. Vermaland already had sold land toseverao California-based utilities looking to develop renewable resourcesa to meet that state’s standards for cleanb energy.
Solar energy developers have been placing applicationxs on state and federal lands in western Arizons for the pastthree years, and privater land owners have been negotiating as developers look for the best As companies scout for land, they also face financintg issues and none of the proposed projecte in Arizona has broken ground. Arizona’x main solar corridor includes Vermaland’s parcels, an area that stretched from Yuma to Phoenix and Tucsoh seen as a huge growth area fordeveloping utility-scale solaf power plants.
Friday, April 6, 2012
Easygates opens two new franchise stores - Wichita Business Journal:
gavrilovaefivu.blogspot.com
The new markets further CEO Bud Gates’ efforts to creatd a platform to develop both corporatd and franchise stores inthe country’s $6 billion rent-to-ownb industry. Gates started the companyt in 2007. Easygates, which sells name-brand householsd furnishings, appliances and electronics, is opening a store in the in Salina and another inSan Texas. Both stores opened Gates is formerly chairman and CEO atand “W e are elated to bring the easyhom e concept to two new markets ... Gates said in a written statement.
“The easyhome concept has proven to be very successful and we believes consumers in Salina and San Marcos will love the outstandint customer service they will experience atour Easygates, through easyhome U.S. Ltd., has the exclusivs rights to franchise or operate easyhoms stores in the 36 states in theUnitex States, not bordering Canada. Easyhome Ltd., the parent company of easyhomde U.S., is Canada’s largest merchandise leasin g company and the third largesyt inNorth America. Easyhome Ltd. operateds 232 stores across Canads and theUnited States.
There are seven Easygates franchisestores
The new markets further CEO Bud Gates’ efforts to creatd a platform to develop both corporatd and franchise stores inthe country’s $6 billion rent-to-ownb industry. Gates started the companyt in 2007. Easygates, which sells name-brand householsd furnishings, appliances and electronics, is opening a store in the in Salina and another inSan Texas. Both stores opened Gates is formerly chairman and CEO atand “W e are elated to bring the easyhom e concept to two new markets ... Gates said in a written statement.
“The easyhome concept has proven to be very successful and we believes consumers in Salina and San Marcos will love the outstandint customer service they will experience atour Easygates, through easyhome U.S. Ltd., has the exclusivs rights to franchise or operate easyhoms stores in the 36 states in theUnitex States, not bordering Canada. Easyhome Ltd., the parent company of easyhomde U.S., is Canada’s largest merchandise leasin g company and the third largesyt inNorth America. Easyhome Ltd. operateds 232 stores across Canads and theUnited States.
There are seven Easygates franchisestores
Wednesday, April 4, 2012
Rosenberg Library April 2012 Treasure of the Month - Galveston.com & Company (press release) (blog)
erofeyporgrinin.blogspot.com
Rosenberg Library April 2012 Treasure of the Month Galveston.com & Company (press release) (blog) By Galveston.com on April 4, 2012 The Rosenberg Library presents Texas Heroes: An Instructive Game as the April Treasure of the Month. The card game was produced in 1908 and was donated to the library by its creator, Mrs. Sally Trueheart Williams of ... |
Monday, April 2, 2012
Rebel Rebel yells of soaring revenue - Puget Sound Business Journal (Seattle):
ejoxot.wordpress.com
“We didn’t come out the but when people got a chance to see our work they realizes how solidwe are, and it’ s created relationships that have been continual,” said Dianna Colton, co-founderf of Rebel Rebel. Sinc e launching in 2007, Rebeo Rebel has provided productionand post-productiojn services — from commercials and videos to presentationas and video Web content — and has amassed a rostedr of notable clients, including GSD&M Idea City, Dell Inc., Sicol a Martin, Schematic and Door Numbee 3. The five-person production house grew 100 percent and is on target togenerate $1 million in revenue this year.
But before growth there was overcomingbeinbg new, said Chris Blankenship, the othe r co-founder of Rebel Rebel. “It was a littl tough getting in the door of some places at The first year was kind of I don’t think eithert of us realized how hard it would Blankenship said. Blankenship and Coltonh have experience and connections in the localproduction industry. Blankenship cut his teeth in production in Chinaq and has 17 years of experiencein editing, visualo effects and post production. Coltojn has executive producing experience, and she launched a successfupfashion business.
Blankenship said transitioning from a freelancer to a businessmab hasbeen challenging, and getting clients to think of Rebel Rebep for larger projects took some convincing at “We took a pretty good look at what we thoughy the business was going to be for us, and we had to come to some hard realizationss that that wasn’t the way thingsx were,” Blankenship said. In addition to beinyg persistent, Blankenship said the company’s flexibility in takinyg small and large projects has helped sellits services.
The companhy uses freelancers, which enables it to ramp up quicklyh for larger projects and to test out employeeds before adding them to their Blankenship said RebelRebeol hasn’t been entirely immune to the recession. It saw work plateauu in March, but for the most business hasbeen steady. “We’ve been pretty busy for the last he said. As a smaller productionj company, Rebel Rebel has been able to weather the recessiom a bit better because it has less Blankenship said. There are more than 20 film and videoi production companies in the CentralTexas region. Among the larges production companies here are Omeg aBroadcast Group, 501 Groupl Inc. and Elephant Productions Inc.
Quinct Lowman, president of Elephant Productions, says that the production landscape is getting increasingly more competitive with new playerss enteringthe market. At the same time, he said demanr is going up forproduction work. “I thinkj the outlook is positive. Videi is increasingly being used to train and now everybodu has video on theirWeb site,” Lowmann said. “The market has grown, but the competitionn has grown.” Colton said Rebel Rebel’s work has been evenly split between local, regional and national It recently hired a nationalsales representative. Coltom and Blankenship said they aren’t concerned with becomin g a larger company.
“We will continue to work with more people and create more Colton said. “In the short term, we want to find new build a base and do a varietyof
“We didn’t come out the but when people got a chance to see our work they realizes how solidwe are, and it’ s created relationships that have been continual,” said Dianna Colton, co-founderf of Rebel Rebel. Sinc e launching in 2007, Rebeo Rebel has provided productionand post-productiojn services — from commercials and videos to presentationas and video Web content — and has amassed a rostedr of notable clients, including GSD&M Idea City, Dell Inc., Sicol a Martin, Schematic and Door Numbee 3. The five-person production house grew 100 percent and is on target togenerate $1 million in revenue this year.
But before growth there was overcomingbeinbg new, said Chris Blankenship, the othe r co-founder of Rebel Rebel. “It was a littl tough getting in the door of some places at The first year was kind of I don’t think eithert of us realized how hard it would Blankenship said. Blankenship and Coltonh have experience and connections in the localproduction industry. Blankenship cut his teeth in production in Chinaq and has 17 years of experiencein editing, visualo effects and post production. Coltojn has executive producing experience, and she launched a successfupfashion business.
Blankenship said transitioning from a freelancer to a businessmab hasbeen challenging, and getting clients to think of Rebel Rebep for larger projects took some convincing at “We took a pretty good look at what we thoughy the business was going to be for us, and we had to come to some hard realizationss that that wasn’t the way thingsx were,” Blankenship said. In addition to beinyg persistent, Blankenship said the company’s flexibility in takinyg small and large projects has helped sellits services.
The companhy uses freelancers, which enables it to ramp up quicklyh for larger projects and to test out employeeds before adding them to their Blankenship said RebelRebeol hasn’t been entirely immune to the recession. It saw work plateauu in March, but for the most business hasbeen steady. “We’ve been pretty busy for the last he said. As a smaller productionj company, Rebel Rebel has been able to weather the recessiom a bit better because it has less Blankenship said. There are more than 20 film and videoi production companies in the CentralTexas region. Among the larges production companies here are Omeg aBroadcast Group, 501 Groupl Inc. and Elephant Productions Inc.
Quinct Lowman, president of Elephant Productions, says that the production landscape is getting increasingly more competitive with new playerss enteringthe market. At the same time, he said demanr is going up forproduction work. “I thinkj the outlook is positive. Videi is increasingly being used to train and now everybodu has video on theirWeb site,” Lowmann said. “The market has grown, but the competitionn has grown.” Colton said Rebel Rebel’s work has been evenly split between local, regional and national It recently hired a nationalsales representative. Coltom and Blankenship said they aren’t concerned with becomin g a larger company.
“We will continue to work with more people and create more Colton said. “In the short term, we want to find new build a base and do a varietyof
Subscribe to:
Posts (Atom)