acklinegymejac1362.blogspot.com
In addition, the Morrisville-based company said it was eliminatinhg four jobs in marketing and Those changes would save the compan yabout $1.7 million in 2009, which will partly be offsey by payouts of $325,000 for laid-ofc workers. “The economic climate for the jewelry industrg isquite challenging, requiring the company to make changes in orderd to achieve profitability quickly and build a foundationm for successful growth,” said Dennies Reed, president of Charles & Colvard, in a pres s release. CFO James Braun will be replacesd byNeil Boss, the company’s controller since 2002. new title will be principal accountint officer and principalfinancial officer.
In the company said Steven Abate, vice presidenf of manufacturing sinceMarcy 2007, has been appointed vice presideny of operations. These are only the latest steps taken by the companuy as it faces slow salews and increased inventory levels for itsmoissanite gems, whichj are essentially fake gems. In April, Charles & Colvardf said it would cut 10 jobs. In July, the company’sa chairman and CEO, Bob Thomas, left the Last month, the company said it was suspending purchase of raw materialds from The company is also battling to keep itspublicv status. In August, Charles & Colvard said its which trades on the Nasdaqstock exchange, may be delisted.
For the compangy has to keep its listing, its sharew have to trade above $1 for more than 10 consecutive daysbefores Feb. 17. Its stock was tradinvg at 60 centsThursday morning.
Wednesday, May 23, 2012
Monday, May 21, 2012
Perkins + Will goes online with green-design efforts - Charlotte Business Journal:
kittredgeihuhyla1951.blogspot.com
The site — 2030e2.perkinswill.com — operates like a spreadsheetg calculator for new construction as well as Users can set targets infour areas: energy green power offsets, on-site renewable energy and grid-suppliec renewable energy. Jim Kirby, senior associate at the firm’s Charlottwe office, was among thosd behind creation ofPerkins + Will’s 2030 e2 Energyu Estimating Tool. Kirby says his team, comprisinv members of the firm from acrossthe country, established the programj as part of the company’s commitment to the 2030 Challenge.
That progran encourages businesses, governmental agencies and othet organizations around the world to eliminate carbonm emissionsby 2030. Perkins + Will was the firs t multiple-office company to pledge that all of its projects woulrdbe carbon-neutral by that target date. The firm decidedx to offer its online program for free to encourage more architects to considergreen building, Kirbyu says. “The culture of the profession has to he says. “We have to do adds Jim Godfrey, a principal of the firm’s Charlottw office. Charlotte city staffers are blowint the dust off ashelverd green-building policy.
The proposed guidelines have been redrafted asa “sustainabl facilities policy” that could set green standards for the futurew design, construction and operation of city The name change reflects the city’s desire for a broader Gina Shell, deputy director of the city’x engineering and property management department, refers to it as the “triple-bottokm line.” That core concept of sustainabilit y addresses economic, environmental and social factords in policy and planning.
City Councilwomanh Susan Burgess recently complaines that Charlotte has been dragging its feet in adopting a governmen t policy while local industry hasembraced “Our city is not leading — it’s Burgess said at last month’s environment committee meeting. In the past severalk months, the city has been looking at simila r policies in cities suchas Atlanta, Chicagp and Seattle. And city stafferss have gleaned advice from officialzs at Bank ofAmerica Corp. and Wachovia Bank on how they greenedtheir offices. Also studied: Charlotte-Mecklenburg Utilities’ Environmental Servicees Facility, the city’s first to be awarded the gold-level rankinv under the U.S.
Green Building Council’s Leadershiop in Energy and Environmental Designrating system. The LEED progra m uses a point system to measurwesustainable construction. Now the city wants feedback on the plan from locao experts on sustainability during a meetingh set for3 p.m. May 14 in room CH-13 at the Charlotte-Mecklenburg Government Center. The city has invitexd representatives fromthe USGBC, Sierra Charlotte Chamber, Charlotte Centetr City Partners, Mecklenburg County, Charlotte-Mecklenburf Schools, UNC Charlotte and Central Piedmont Communityg College, plus area For more information, contact Shell by e-mail at gshell@ci.charlotte.nc.us.
An updated on the policy is schedules forthe city’s next environmental committed meeting at 3:30 p.m. May 18 in room 280. One questiohn up for debate is whether the city will seek LEED certificationh on new buildings and City Engineer Jeb Blackwell notes some recent buildinga constructed under LEED have failed to show major improvemengt inenergy conservation. “You can do the progra m but not meetthe goals,” Blackwell “and that’s the problem.” •The dedicatiojn of the city’s green Environmental Servicesx Facility will be held at 10 a.m. May 21. Tourxs will follow the ceremony at the propertyg at 4222Westmont Drive, off Billy Graham Parkway.
•Green Drinkss Charlotte, a social mixer for thoses in sustainability circles, will meet at 5:30 p.m. May 14 at Blacl Finn in the EpiCentrecomplex uptown. •The USGBC’s Charlotte chapter will offeran all-day LEED workshop May 27. Air conditioninfg developer Trane will host the worksho p at its offices at4501 S. Tryon St. The cost for thoser who register earlyis $345 for $445 for nonmembers and $150 for a limited number of full-timr students. After May 19, the fee increasexs to $375 for members and $495 for nonmembers.
For details, go to
The site — 2030e2.perkinswill.com — operates like a spreadsheetg calculator for new construction as well as Users can set targets infour areas: energy green power offsets, on-site renewable energy and grid-suppliec renewable energy. Jim Kirby, senior associate at the firm’s Charlottwe office, was among thosd behind creation ofPerkins + Will’s 2030 e2 Energyu Estimating Tool. Kirby says his team, comprisinv members of the firm from acrossthe country, established the programj as part of the company’s commitment to the 2030 Challenge.
That progran encourages businesses, governmental agencies and othet organizations around the world to eliminate carbonm emissionsby 2030. Perkins + Will was the firs t multiple-office company to pledge that all of its projects woulrdbe carbon-neutral by that target date. The firm decidedx to offer its online program for free to encourage more architects to considergreen building, Kirbyu says. “The culture of the profession has to he says. “We have to do adds Jim Godfrey, a principal of the firm’s Charlottw office. Charlotte city staffers are blowint the dust off ashelverd green-building policy.
The proposed guidelines have been redrafted asa “sustainabl facilities policy” that could set green standards for the futurew design, construction and operation of city The name change reflects the city’s desire for a broader Gina Shell, deputy director of the city’x engineering and property management department, refers to it as the “triple-bottokm line.” That core concept of sustainabilit y addresses economic, environmental and social factords in policy and planning.
City Councilwomanh Susan Burgess recently complaines that Charlotte has been dragging its feet in adopting a governmen t policy while local industry hasembraced “Our city is not leading — it’s Burgess said at last month’s environment committee meeting. In the past severalk months, the city has been looking at simila r policies in cities suchas Atlanta, Chicagp and Seattle. And city stafferss have gleaned advice from officialzs at Bank ofAmerica Corp. and Wachovia Bank on how they greenedtheir offices. Also studied: Charlotte-Mecklenburg Utilities’ Environmental Servicees Facility, the city’s first to be awarded the gold-level rankinv under the U.S.
Green Building Council’s Leadershiop in Energy and Environmental Designrating system. The LEED progra m uses a point system to measurwesustainable construction. Now the city wants feedback on the plan from locao experts on sustainability during a meetingh set for3 p.m. May 14 in room CH-13 at the Charlotte-Mecklenburg Government Center. The city has invitexd representatives fromthe USGBC, Sierra Charlotte Chamber, Charlotte Centetr City Partners, Mecklenburg County, Charlotte-Mecklenburf Schools, UNC Charlotte and Central Piedmont Communityg College, plus area For more information, contact Shell by e-mail at gshell@ci.charlotte.nc.us.
An updated on the policy is schedules forthe city’s next environmental committed meeting at 3:30 p.m. May 18 in room 280. One questiohn up for debate is whether the city will seek LEED certificationh on new buildings and City Engineer Jeb Blackwell notes some recent buildinga constructed under LEED have failed to show major improvemengt inenergy conservation. “You can do the progra m but not meetthe goals,” Blackwell “and that’s the problem.” •The dedicatiojn of the city’s green Environmental Servicesx Facility will be held at 10 a.m. May 21. Tourxs will follow the ceremony at the propertyg at 4222Westmont Drive, off Billy Graham Parkway.
•Green Drinkss Charlotte, a social mixer for thoses in sustainability circles, will meet at 5:30 p.m. May 14 at Blacl Finn in the EpiCentrecomplex uptown. •The USGBC’s Charlotte chapter will offeran all-day LEED workshop May 27. Air conditioninfg developer Trane will host the worksho p at its offices at4501 S. Tryon St. The cost for thoser who register earlyis $345 for $445 for nonmembers and $150 for a limited number of full-timr students. After May 19, the fee increasexs to $375 for members and $495 for nonmembers.
For details, go to
Sunday, May 20, 2012
Washington Convention Center Authority wants city to finance $550M hotel - Dayton Business Journal:
opexibu.wordpress.com
On May 29 the convention center’sw board directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 milliohn in bonds to cover the price of the interest during construction, insurance and otherf costs. The city had planne to finance about 25 percent of the cost of the hotelo througha $187 million tax increment financingb package the passed in 2006, which would have provided $134 million in construction costs.
The rest was supposeed to come from private debt and equitygpartners -- a difficult find in the frozen credit O’Dell said development partners and Capstone Development had been dogged but unsuccessfulp in their pursuit of investors for “They’ve been pursuing private financing and in this you know, that is very difficult. They’ve spenrt millions of dollars on this project to try to move it It really is shovel read y with the exceptionof financing,” O’Dell With the city losingh convention business, he said, building a city-owned hotel was the best He envisions it will still contain abou t 1,100 rooms and be operated by Marriott had previouslyh said it would be a Marriott O'Dell began briefing members of the D.
C. Council on the board’e proposal Monday. “Our ultimate goal is to get this projecgt done and get it starteds as soonas possible,” he said. In particular there is increased pressure from National Harbor inPrince George’s which opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announcesd May 18 that the WaltDisney Co. had purchased land to buil d a 500-room resort hotel on 15 acres Convincing the council to approve that amountfof spending, however, will be a tall task for He had been considered a top candidate to replace Neil Albert as deputy mayor for planningt and economic development, but a sourcee close to O'Dell says he was offeredr the job and turned it down.
O’Dell would not confirmj that, but indicated he would remain in hiscurrent “The board and the mayor have every expectation of me completinvg all the tasks I have here,” he The convention center authority has an independent board and the abilith to issue bonds, but O’Dell said the councilp would need to expandr its authority to issue bonds for the hotel. The council and D.C. Mayotr Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city face a gap approaching $1 billion for fiscal 2011. In D.C.
Chief Financial Officer Natwar Gandho said he will not support issuing that amounof debt, which he said wouldr immediately violate a 12 percent cap on city debt as a mark of expenditurew the city created on his recommendation last year. Gandhk is a member of the conventio n center board and attended theFridat meeting. “To be very blunt about it I was very cleard in saying to them that if you were toborros $750 million that woulcd put us way beyonds the 12 percent cap we have envisioned for the city...andf I cannot be a party to that,” Gandhk said.
The CFO said that he “very wants a hotel for the “but I would not agree to a deal like See we made a commitmenf to Wall Street that we would not borroe more than 12 percent againsyour budget.” Gandhi, who has won accoladed for helping the city snag a AAA bond rating on Wall said he has already begun re-emphasizing the importance of the debt cap with memberx of the council. “I do not think we want to take this We should not borrow any more than we are able to he said. He suggestecd that O’Dell and his partners continue to seek privatdfinancing sources.
Building a hotel to accompanh the convention center has always been part of the plan for the city but has languishedf from a seriesof complications. Construction on the Walter E. Washingtob Convention Center, as it was namefd in 2007, began in 1998 and opened fiveyearsx later. D.C. planned a 1,400-room hotel, but did not controlp the needed land. In 2007, the city gained final site controk after a land swap with developer KingdojGould III. To prevent further delayx Mayor Adrian Fenty downsized the project latefrthat year, announcing a deal between the city, Marriotg and RLJ Development LLC on a smalletr 1,100-room hotel. Since the development team hasalso changed.
RLJ Development, foundef by BET founder Robert was part of the deal Fentyg announced in September 2007but isn’t any A main driver of the deal, Marriottf Senior Vice President Norman Jenkins, left the compang late last year to start Capstone, now a certified businesds entity that partners with Quadrangle. Speaking for the developmengt team, Jenkins said it was his preferencre to continue seekingprivate financing, and said desigm was complete, entitlements were in place and there equity partners ready to invesg if debt were available. Capstone and Quadranglr are separately planning a Courtyard by Marriott adjacent to the hotelo on landthey control.
“We could still get there, but we got to get the bankw to play and they move at theirdown pace,” he said. Still, he “if the city decides to pursure the public deal we will support Jenkinssaid Johnson’s RLJ, with whicy Jenkins partnered while at Marriott, pulled out of the deal shortluy after taking an interest in it. “They studiede it hard, spent some resources, but their bread and butterr is acquisitions and repositioning rather thannew development,” Jenkinzs said.
Richard Bradley, executive director of the Downtownb BusinessImprovement District, said it is unfortunate that the hotepl project ran into the recession but that the city needs to “bite the bullet” and move the project forward, citing the opportunity to grow D.C. as a touristf destination, make it a major player in conventionss and grow itstax base. “There’s a whole set of good things about movinthis forward,” he said.
On May 29 the convention center’sw board directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 milliohn in bonds to cover the price of the interest during construction, insurance and otherf costs. The city had planne to finance about 25 percent of the cost of the hotelo througha $187 million tax increment financingb package the passed in 2006, which would have provided $134 million in construction costs.
The rest was supposeed to come from private debt and equitygpartners -- a difficult find in the frozen credit O’Dell said development partners and Capstone Development had been dogged but unsuccessfulp in their pursuit of investors for “They’ve been pursuing private financing and in this you know, that is very difficult. They’ve spenrt millions of dollars on this project to try to move it It really is shovel read y with the exceptionof financing,” O’Dell With the city losingh convention business, he said, building a city-owned hotel was the best He envisions it will still contain abou t 1,100 rooms and be operated by Marriott had previouslyh said it would be a Marriott O'Dell began briefing members of the D.
C. Council on the board’e proposal Monday. “Our ultimate goal is to get this projecgt done and get it starteds as soonas possible,” he said. In particular there is increased pressure from National Harbor inPrince George’s which opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announcesd May 18 that the WaltDisney Co. had purchased land to buil d a 500-room resort hotel on 15 acres Convincing the council to approve that amountfof spending, however, will be a tall task for He had been considered a top candidate to replace Neil Albert as deputy mayor for planningt and economic development, but a sourcee close to O'Dell says he was offeredr the job and turned it down.
O’Dell would not confirmj that, but indicated he would remain in hiscurrent “The board and the mayor have every expectation of me completinvg all the tasks I have here,” he The convention center authority has an independent board and the abilith to issue bonds, but O’Dell said the councilp would need to expandr its authority to issue bonds for the hotel. The council and D.C. Mayotr Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city face a gap approaching $1 billion for fiscal 2011. In D.C.
Chief Financial Officer Natwar Gandho said he will not support issuing that amounof debt, which he said wouldr immediately violate a 12 percent cap on city debt as a mark of expenditurew the city created on his recommendation last year. Gandhk is a member of the conventio n center board and attended theFridat meeting. “To be very blunt about it I was very cleard in saying to them that if you were toborros $750 million that woulcd put us way beyonds the 12 percent cap we have envisioned for the city...andf I cannot be a party to that,” Gandhk said.
The CFO said that he “very wants a hotel for the “but I would not agree to a deal like See we made a commitmenf to Wall Street that we would not borroe more than 12 percent againsyour budget.” Gandhi, who has won accoladed for helping the city snag a AAA bond rating on Wall said he has already begun re-emphasizing the importance of the debt cap with memberx of the council. “I do not think we want to take this We should not borrow any more than we are able to he said. He suggestecd that O’Dell and his partners continue to seek privatdfinancing sources.
Building a hotel to accompanh the convention center has always been part of the plan for the city but has languishedf from a seriesof complications. Construction on the Walter E. Washingtob Convention Center, as it was namefd in 2007, began in 1998 and opened fiveyearsx later. D.C. planned a 1,400-room hotel, but did not controlp the needed land. In 2007, the city gained final site controk after a land swap with developer KingdojGould III. To prevent further delayx Mayor Adrian Fenty downsized the project latefrthat year, announcing a deal between the city, Marriotg and RLJ Development LLC on a smalletr 1,100-room hotel. Since the development team hasalso changed.
RLJ Development, foundef by BET founder Robert was part of the deal Fentyg announced in September 2007but isn’t any A main driver of the deal, Marriottf Senior Vice President Norman Jenkins, left the compang late last year to start Capstone, now a certified businesds entity that partners with Quadrangle. Speaking for the developmengt team, Jenkins said it was his preferencre to continue seekingprivate financing, and said desigm was complete, entitlements were in place and there equity partners ready to invesg if debt were available. Capstone and Quadranglr are separately planning a Courtyard by Marriott adjacent to the hotelo on landthey control.
“We could still get there, but we got to get the bankw to play and they move at theirdown pace,” he said. Still, he “if the city decides to pursure the public deal we will support Jenkinssaid Johnson’s RLJ, with whicy Jenkins partnered while at Marriott, pulled out of the deal shortluy after taking an interest in it. “They studiede it hard, spent some resources, but their bread and butterr is acquisitions and repositioning rather thannew development,” Jenkinzs said.
Richard Bradley, executive director of the Downtownb BusinessImprovement District, said it is unfortunate that the hotepl project ran into the recession but that the city needs to “bite the bullet” and move the project forward, citing the opportunity to grow D.C. as a touristf destination, make it a major player in conventionss and grow itstax base. “There’s a whole set of good things about movinthis forward,” he said.
Friday, May 18, 2012
Mattel, Fisher-Price pay $2.3M fine - South Florida Business Journal:
vykyvimote.wordpress.com
million civil penalty for violations of the federaol lead paint banin children’s toys. The civil fine comes after the completer an investigation into the importing and selling of toys with lead paingt levels that exceededthe .06 percent lead by weightg limit that is federally mandated. Accordinfg to the CPSC, which recently crafted the Consumer Product SafetyImprovement Act, aimexd at toughening requirements for lead and phthalates in children’s products, Mattel imported up to 900,00o non-compliant toys between July 2006 and September 2007. Fisher-Pricee imported over 1 million non-compliant toys betweenm July 2006 andSeptember 2007.
Among the toys in questioj were the popular Sargetoy car, various Barbir products and some Go Diego Go toys. Most of the toys that had excessivre levels of lead were shipped to retail stores for sale to the In 2007, a massive toy recall took placee where about 95 Mattel and Fisher-Price toy models were determined to have exceeded the lead limit. Lead can be toxic if ingested by young childrem and can cause serioushealtyh problems. The topic of lead paingt in children’s products has been a hot button issud asof late, with the rollout of the controversial CPSIAq of 2008.
Toy manufacturers and retailers have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of Some smaller manufacturers say the laws threatenj to put them out of On the political front, Rep. Louise Slaughter, D-Fairport, said protectinh children has to be thetop “When the toy recall happened (in 2007) I called the head of Fisher-Pric and I told him they needed to starft making their toys here again,” Slaughter “We didn’t have these kind of problems befor they imported the This civil penalty, which is the highesy for violations involving importation or distributioh of a regulated is the third highest of any kind in CPSC “These highly publicized toy recalls helpedd spur Congressional action last year to strengtheh CPSC and make even stricter the ban on lead paint on toys,” said CPSC Acting Chairman Thomas Moore.
“This penalty should serve notice to toy makerw that CPSC is committed to the safettof children, to reducing their exposure to and to the implementation of the Consumerr Product Safety Improvement Act.” As part of a story featurec in our sister publication, The Buffalo Law Journal , looking at the Consumert Product Safety Improvement Act, which ran priord to the announcement of thesw fines, Fisher-Price declined to provide a representativwe to discuss the lead paint Instead, they issued a written statement whichy read, in part: “Mattell is well positioned as it generallyu designs its products to meet global Mattel has also been a leader in the effort of industry to establish voluntary industry standards.
” The statemen also said that Mattel would continu e to comply with the applicable regulationsz of the CPSIA. Mattel was unable to be reachex for commentMonday morning, thougj a representative said they would have a response laterd in the day. Despite agreeint to pay $2.3 million in penalties, Mattel and Fisher-Prics deny that they knowingly violatedfederaol law, as alleged by CPSC
million civil penalty for violations of the federaol lead paint banin children’s toys. The civil fine comes after the completer an investigation into the importing and selling of toys with lead paingt levels that exceededthe .06 percent lead by weightg limit that is federally mandated. Accordinfg to the CPSC, which recently crafted the Consumer Product SafetyImprovement Act, aimexd at toughening requirements for lead and phthalates in children’s products, Mattel imported up to 900,00o non-compliant toys between July 2006 and September 2007. Fisher-Pricee imported over 1 million non-compliant toys betweenm July 2006 andSeptember 2007.
Among the toys in questioj were the popular Sargetoy car, various Barbir products and some Go Diego Go toys. Most of the toys that had excessivre levels of lead were shipped to retail stores for sale to the In 2007, a massive toy recall took placee where about 95 Mattel and Fisher-Price toy models were determined to have exceeded the lead limit. Lead can be toxic if ingested by young childrem and can cause serioushealtyh problems. The topic of lead paingt in children’s products has been a hot button issud asof late, with the rollout of the controversial CPSIAq of 2008.
Toy manufacturers and retailers have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of Some smaller manufacturers say the laws threatenj to put them out of On the political front, Rep. Louise Slaughter, D-Fairport, said protectinh children has to be thetop “When the toy recall happened (in 2007) I called the head of Fisher-Pric and I told him they needed to starft making their toys here again,” Slaughter “We didn’t have these kind of problems befor they imported the This civil penalty, which is the highesy for violations involving importation or distributioh of a regulated is the third highest of any kind in CPSC “These highly publicized toy recalls helpedd spur Congressional action last year to strengtheh CPSC and make even stricter the ban on lead paint on toys,” said CPSC Acting Chairman Thomas Moore.
“This penalty should serve notice to toy makerw that CPSC is committed to the safettof children, to reducing their exposure to and to the implementation of the Consumerr Product Safety Improvement Act.” As part of a story featurec in our sister publication, The Buffalo Law Journal , looking at the Consumert Product Safety Improvement Act, which ran priord to the announcement of thesw fines, Fisher-Price declined to provide a representativwe to discuss the lead paint Instead, they issued a written statement whichy read, in part: “Mattell is well positioned as it generallyu designs its products to meet global Mattel has also been a leader in the effort of industry to establish voluntary industry standards.
” The statemen also said that Mattel would continu e to comply with the applicable regulationsz of the CPSIA. Mattel was unable to be reachex for commentMonday morning, thougj a representative said they would have a response laterd in the day. Despite agreeint to pay $2.3 million in penalties, Mattel and Fisher-Prics deny that they knowingly violatedfederaol law, as alleged by CPSC
Thursday, May 17, 2012
County ED/GE funds expected to dry up by 2010 - Dayton Business Journal:
disqualify-sida.blogspot.com
The ED/GE program, which allows countyg municipalities to submit applicationse for economicdevelopment funding, has contributed more than $77.5 milliom since 1992 to help retainm or attract businesses within the It is funded by county tax revenus and shared city income tax. But the countyh faces rapidly depleting coffers and revenue beinbg sliced by a confluenceof factors, punctuatede by the disastrous economy. “The cupboard is bare,” said Joe Tuss, deputy county administrator and countyg economicdevelopment chief. Almost every significant economic development project in the past decade has been aidefd fromthe ED/GE fund, said Montgomery County Administratoe Deb Feldman.
“We plan to replace it, but no strateghy has been developed,” Feldman said. “We are • $500,000 to help bring 400 jobs with • $1 million to land the Morainer Ltd. engine plant — which creates 1,000 jobs, now down to 500; • $4 millioh for the Fifth Third Field in downtown creating a noteworthy attraction and millions of dollars in economic and • $650,000 to create more than 1,000 jobs at a Victoria’e Secret company call center in Even with the victories, Montgomery County saw its unemploymen rate increase from 5.8 percen in March 2007 to 11.3 percentf this March, according to the Ohio Department of Job and Familty Services.
Without the ED/GEd funding, or a viablre alternative, the county could see a slidinhg unemployment rate continueto fall, as it will be more difficultg to attract and retain jobs. The countyt is looking to a group of 15volunteera — spearheaded by Dan former president of ’s Dayton operationz — for recommendations on an alternativee to the ED/GE program. The group — whicjh has not yet convened — is a subcommittede of the county’s all-volunteer Generaol Fund Financial Planning Committee and Feldman said she expects to have their recommendatiob byearly September.
If the panel failas to conceive a viable alternative tothe ED/GEw program, it will be up to the Montgomery County Commissioners to decidse if it will receive Officials said given the operational needs of the county, and a multi-millionb dollar shortfall, it is unlikely it will be funded. Tuss said ED/GEs — which stands for Economic Development/Government Equity — has been one of the most dependablse financial incentives thecounty has. Up frontg cash makes a big difference when a companty is deciding to relocate orexpand operations, he said. “Withou t the grant dollars, there are projects that probably would nothave happened,” he said.
Sinc e 1992, 17,513 new jobs have been pledgexdthrough ED/GE-funded projects and another 21,710 soughrt to be retained. Thoser numbers are unofficial, as no accurate tally exists of how many of thosre jobs still exist or came througjas pledged. For example, retainec jobs includes 4,200 jobs “retained” until closed its Morainse plantlast year. Vandalia Mayor Bill Loy said the prograj has been instrumental to his which has received 10 grants since he becamr mayorin 2000. “It has, at times, been the differenced maker,” he said.
Loy pointa to a $5 million expansion by in Vandaliaw rather than in its home baseof Italy, which the county helped secures with a $400,000 ED/GE Despite the challenges, which Feldman calld the greatest in her 25 years in public service, she remains optimistic about the future. The county has invested well in new job marketws and is poised to recover as theeconomty strengthens, she said. “It is easy to get caughy in the doomand gloom,” she said.
The ED/GE program, which allows countyg municipalities to submit applicationse for economicdevelopment funding, has contributed more than $77.5 milliom since 1992 to help retainm or attract businesses within the It is funded by county tax revenus and shared city income tax. But the countyh faces rapidly depleting coffers and revenue beinbg sliced by a confluenceof factors, punctuatede by the disastrous economy. “The cupboard is bare,” said Joe Tuss, deputy county administrator and countyg economicdevelopment chief. Almost every significant economic development project in the past decade has been aidefd fromthe ED/GE fund, said Montgomery County Administratoe Deb Feldman.
“We plan to replace it, but no strateghy has been developed,” Feldman said. “We are • $500,000 to help bring 400 jobs with • $1 million to land the Morainer Ltd. engine plant — which creates 1,000 jobs, now down to 500; • $4 millioh for the Fifth Third Field in downtown creating a noteworthy attraction and millions of dollars in economic and • $650,000 to create more than 1,000 jobs at a Victoria’e Secret company call center in Even with the victories, Montgomery County saw its unemploymen rate increase from 5.8 percen in March 2007 to 11.3 percentf this March, according to the Ohio Department of Job and Familty Services.
Without the ED/GEd funding, or a viablre alternative, the county could see a slidinhg unemployment rate continueto fall, as it will be more difficultg to attract and retain jobs. The countyt is looking to a group of 15volunteera — spearheaded by Dan former president of ’s Dayton operationz — for recommendations on an alternativee to the ED/GE program. The group — whicjh has not yet convened — is a subcommittede of the county’s all-volunteer Generaol Fund Financial Planning Committee and Feldman said she expects to have their recommendatiob byearly September.
If the panel failas to conceive a viable alternative tothe ED/GEw program, it will be up to the Montgomery County Commissioners to decidse if it will receive Officials said given the operational needs of the county, and a multi-millionb dollar shortfall, it is unlikely it will be funded. Tuss said ED/GEs — which stands for Economic Development/Government Equity — has been one of the most dependablse financial incentives thecounty has. Up frontg cash makes a big difference when a companty is deciding to relocate orexpand operations, he said. “Withou t the grant dollars, there are projects that probably would nothave happened,” he said.
Sinc e 1992, 17,513 new jobs have been pledgexdthrough ED/GE-funded projects and another 21,710 soughrt to be retained. Thoser numbers are unofficial, as no accurate tally exists of how many of thosre jobs still exist or came througjas pledged. For example, retainec jobs includes 4,200 jobs “retained” until closed its Morainse plantlast year. Vandalia Mayor Bill Loy said the prograj has been instrumental to his which has received 10 grants since he becamr mayorin 2000. “It has, at times, been the differenced maker,” he said.
Loy pointa to a $5 million expansion by in Vandaliaw rather than in its home baseof Italy, which the county helped secures with a $400,000 ED/GE Despite the challenges, which Feldman calld the greatest in her 25 years in public service, she remains optimistic about the future. The county has invested well in new job marketws and is poised to recover as theeconomty strengthens, she said. “It is easy to get caughy in the doomand gloom,” she said.
Tuesday, May 15, 2012
Report: BofA covering Mozilo
amesit.wordpress.com
BofA told the news agency Mozilo is coverexd by an indemnity clause that was in place when he ran which BofA acquired in Julyfor $2.5 billion. The deal made the Charlotte-basef bank the country’s largest mortgagee lender. Last week, the Securities and Exchange Commissiohn charged Mozilo and two others with securities SEC regulators accuse Mozilo and the other former Countrywidr executives of misleading investorw about the credit risks the company took to increase itsmarketg share.
The SEC alleges Mozilo, former Chief Operatinb Officer David Sambol and former Chief Financial Officet Eric Sieracki falsely assured investors that Countrywidew was primarilya prime-quality mortgage lender that had avoidec underwriting risky loans. The charges stem from actions in 2005to 2007. Mozilo also was chargex with insider trading. The SEC alleges he sold Countrywidwe stock on the basis ofnonpublic information, reapin g $140 million in profits.
BofA is the largesty bank in Albuquerque and the second largest inNew
BofA told the news agency Mozilo is coverexd by an indemnity clause that was in place when he ran which BofA acquired in Julyfor $2.5 billion. The deal made the Charlotte-basef bank the country’s largest mortgagee lender. Last week, the Securities and Exchange Commissiohn charged Mozilo and two others with securities SEC regulators accuse Mozilo and the other former Countrywidr executives of misleading investorw about the credit risks the company took to increase itsmarketg share.
The SEC alleges Mozilo, former Chief Operatinb Officer David Sambol and former Chief Financial Officet Eric Sieracki falsely assured investors that Countrywidew was primarilya prime-quality mortgage lender that had avoidec underwriting risky loans. The charges stem from actions in 2005to 2007. Mozilo also was chargex with insider trading. The SEC alleges he sold Countrywidwe stock on the basis ofnonpublic information, reapin g $140 million in profits.
BofA is the largesty bank in Albuquerque and the second largest inNew
Monday, May 14, 2012
Specifying Appropriate NetBeans JDK Source Release - Java World
xeconatyxex.blogspot.com
Specifying Appropriate NetBeans JDK Source Release Java World In a standard ("Java Application") NetBeans project, the JDK version is for the project is specified in the Project -> Properties -> Sources window. This is shown in the next screen snapshot with a really old version (1.2) of the SDK displayed. file. |
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