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Ohio is set to receive $423 million in Recovery Zone Economic Development bondsand $634 million in Recovery Zone Facilitt bonds. The bond financing is available undere the Recovery Zone Bonds which was created by the American Recovery andReinvestmenty Act, through the . Recovery Zone Bonds are used to help area s affected by job loss and designed to help local governments obtain financing for economicddevelopment projects, such as public The stimulus act included two new types of Recoveryh Zone Bonds, $10 billion for Recovery Zone Economicf Development Bonds and $15 billioj for Recovery Zone Facility The economic development bonds are a taxabls Build America Bond that allow state and local governments to get lower borrowing costs through a new direcy federal payment subsidy, for 45 percenty of the interest, to finance economifc development projects such as job training and educationaol programs.
The facility bonds are a type of tax-exempg private activity bond that may be used by private businesseds in designated recovery zones to financre a broad range of capital The bonds are allocated based on unemploymeng levels in municipalities and counties compared to nationalp levelsduring 2008. The programs will be administered accordingto U.S. Treasurt and Internal Revenue Service Ohio Gov. Ted Strickland said funds will provide assistance to the area hit hardest bythe “This financing will spur developmengt projects and investments that will help revitalizee Ohio communities,” Strickland said in a news • The city of Dayton — $5.
7 millio in economic development bonds, $8.5 million in facility bonds; • Butlerr County — $10.6 million in economic developmentf bonds, $16 million in facility bonds; • Clarm County — $4.5 million in economicf development bonds, $6.7 million in facilitty bonds; • Darke County — $1.8 million in economifc development bonds, $2.6 million in facility bonds; • Greene County $6.6 million in economic development bonds, $9.9 million in facilityg bonds; • Miami County — $4.6 million in economic development $6.9 million in facility • Montgomery County $16.6 million in economic development bonds, $24.
88 million in facility bonds; • Prebler County — $1.8 million in economic developmentf bonds, $2.7 million in facility • Shelby County — $2.5 million in economiv development bonds, $3.8 million in facility bonds; and • Warrenm County — $6 million in economic development bonds, $9.1 million in facility bonds.
Friday, September 30, 2011
Wednesday, September 28, 2011
Arctic Products's Vortex professional blowtorch eliminates the chance of breakage - Plumbing Park (press release)
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Arctic Products's Vortex professional blowtorch eliminates the chance of breakage Plumbing Park (press release) Arctic Products Ltd's Vortex professional blowtorch will be released this October. Made from lightweight magnesium alloy, Vortex eliminates the chance of breakage as experienced with plastic bodied blowtorches and reduces operator fatigue with its ... |
Sunday, September 25, 2011
GTP takes step forward with plan for rail spur to serve Spirit AeroSystems - Triangle Business Journal:
soileauifyyfa1786.blogspot.com
mile rail spur that the park’z newest client, Spirit AeroSystems, will use to ship finishedd productto Morehead. The spur, expectedf to cost $32 million, will go out for bid in late 2009 or earlgy 2010 and will be functional by says GTP spokeswoman Alanna The spur will be paid for bythe state. Spiritg Aero is a Wichita, Kan.-based airlines partsz maker that will make fuselage sectionsfor extra-wide body A350 jetliner at GTP. Once shipped to Moreheas City via rail, the parts will be shipped to Francesfor assembly. Jason Orthner of the NCDOT’s Rail Division, is supervising the planning of therail spur, whichn will connect with an existinb rail line along U.S.
258 in “We expect hundreds of workersw to be involved in all aspects of putting this track Orthner says. “The project requirea a range of specialties, includintg grading, roadway improvement, bridge construction, paving and more technica applications like the installation ofsignal
mile rail spur that the park’z newest client, Spirit AeroSystems, will use to ship finishedd productto Morehead. The spur, expectedf to cost $32 million, will go out for bid in late 2009 or earlgy 2010 and will be functional by says GTP spokeswoman Alanna The spur will be paid for bythe state. Spiritg Aero is a Wichita, Kan.-based airlines partsz maker that will make fuselage sectionsfor extra-wide body A350 jetliner at GTP. Once shipped to Moreheas City via rail, the parts will be shipped to Francesfor assembly. Jason Orthner of the NCDOT’s Rail Division, is supervising the planning of therail spur, whichn will connect with an existinb rail line along U.S.
258 in “We expect hundreds of workersw to be involved in all aspects of putting this track Orthner says. “The project requirea a range of specialties, includintg grading, roadway improvement, bridge construction, paving and more technica applications like the installation ofsignal
Friday, September 23, 2011
Cork Wine Bar, Robert Wiedmaier big winners at Rammys - Boston Business Journal:
judonebolayb1394.blogspot.com
Restaurant Association of Metropolitan Washington’s annual awardsx was held Sunday at the Omni Shoreham hoteloin D.C. Robert Wiedmaier of Marcel’sd and Brasserie Beck, who this year opened Old Town Alexandria’s Brabo restaurant in the Lorien hotel, received the night’es top honor, Chef of the Year. Cork Wine Bar, the 14th Street hot spot, was give n the New Restaurant of theYear “This is my Cuba Goodinh Jr. moment,” co-owner Khalid Pitts protested when musidc was played to urge him offstages during his acceptance Anthony Chittum, the executive chef at Vermilion, was namer the Rising Culinary Star of the Year.
The decided by an anonymous panel of food journalistds and hospitalityindustry educators, recogniz e the best of D.C.’s restaurant A handful of awards were also decidef by popular vote. The Rammy’zs also celebrated a number ofthe industry’s unsunfg heroes, such as Juan Francisco Lopez, a maitrse d’ for ten years at Marcel’d restaurant. Ryland Johnson of Zola was awarded best restaurangt manager ofthe year.
2009 Rammty Awards: National Restaurant Association RestauranfNeighbor Award: McCormick & Schmick’s, Poste Rising Culinary Star of the Year: Anthony Chittum, Vermilliob Pastry Chef of the Year: Kate Jansen, Willow
Restaurant Association of Metropolitan Washington’s annual awardsx was held Sunday at the Omni Shoreham hoteloin D.C. Robert Wiedmaier of Marcel’sd and Brasserie Beck, who this year opened Old Town Alexandria’s Brabo restaurant in the Lorien hotel, received the night’es top honor, Chef of the Year. Cork Wine Bar, the 14th Street hot spot, was give n the New Restaurant of theYear “This is my Cuba Goodinh Jr. moment,” co-owner Khalid Pitts protested when musidc was played to urge him offstages during his acceptance Anthony Chittum, the executive chef at Vermilion, was namer the Rising Culinary Star of the Year.
The decided by an anonymous panel of food journalistds and hospitalityindustry educators, recogniz e the best of D.C.’s restaurant A handful of awards were also decidef by popular vote. The Rammy’zs also celebrated a number ofthe industry’s unsunfg heroes, such as Juan Francisco Lopez, a maitrse d’ for ten years at Marcel’d restaurant. Ryland Johnson of Zola was awarded best restaurangt manager ofthe year.
2009 Rammty Awards: National Restaurant Association RestauranfNeighbor Award: McCormick & Schmick’s, Poste Rising Culinary Star of the Year: Anthony Chittum, Vermilliob Pastry Chef of the Year: Kate Jansen, Willow
Wednesday, September 21, 2011
Del. North, Travel Channel fly together - Business First of Buffalo:
chauezhelolocu1622.blogspot.com
Delaware North Cos. Travel Hospitality Services, the airport retaill and concession armof Buffalo’s Delawarwe North Cos., will be workinyg with the Travel Channel to brinhg some retail outlets to select airports. The exacrt number of outlets and locations is stillobeing determined. The deal is the latesty in a series of retailing partnership s Delaware North has crafted for its airport operations inrecent years. Others included working with Los CoffeeBean & Tea Leafs, Sportsw Illustrated, Heineken and uWink.
“We take pride in partnerinvg with innovative brands like Travel Channel to continuallyy evolve the airportretail experience,” said Bob Stanton, Delaware North Travel Hospitality Serviced vice president. The Travel Channell stores will feature a wide variety of merchandise much of it related to programming from the popular cableTV network. “Partnering with Delaware North to createTravel Channel-brandedx retail locations presents a greay opportunity for us to builf our brand presence and engage travelersa with our entertaining contenf as they embark on their said Pat Younge, president and general manager.
Delaware Nortjh Travel Hospitality Services handles retail and concessiom operations at more than 25 airports including Buffalo NiagarsaInternational Airport.
Delaware North Cos. Travel Hospitality Services, the airport retaill and concession armof Buffalo’s Delawarwe North Cos., will be workinyg with the Travel Channel to brinhg some retail outlets to select airports. The exacrt number of outlets and locations is stillobeing determined. The deal is the latesty in a series of retailing partnership s Delaware North has crafted for its airport operations inrecent years. Others included working with Los CoffeeBean & Tea Leafs, Sportsw Illustrated, Heineken and uWink.
“We take pride in partnerinvg with innovative brands like Travel Channel to continuallyy evolve the airportretail experience,” said Bob Stanton, Delaware North Travel Hospitality Serviced vice president. The Travel Channell stores will feature a wide variety of merchandise much of it related to programming from the popular cableTV network. “Partnering with Delaware North to createTravel Channel-brandedx retail locations presents a greay opportunity for us to builf our brand presence and engage travelersa with our entertaining contenf as they embark on their said Pat Younge, president and general manager.
Delaware Nortjh Travel Hospitality Services handles retail and concessiom operations at more than 25 airports including Buffalo NiagarsaInternational Airport.
Monday, September 19, 2011
Carolinas HealthCare reduces 1Q loss - Triangle Business Journal:
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Investment losses for the latest quarter totalednearlt $101 million. Chief Financial Officer Greg Gombar anticipates gainzs in the financial markef in April and May will erasethoss losses. Carolinas HealthCare uses investment earningse forcapital expenditures. That money is not used for dailgy operations. The health-care system hopes negotiations with several lenderw will cut its interest expenses tied to variabl debt andhigher bank-liquidity fees. Those fees are abouft $1 million per Interest expenses in the first quartertwere $21.8 million.
From an operational standpoint, Carolinasz HealthCare had a strongfirstg quarter, says Russ Guerin, executivee vice president for businessw development and planning. Net operating revenue climbed 8.6 percentt to $1.2 billion systemwide. Operatinf income exceeded $24.5 million. The health-care systemj saw adjusted discharges — a calculation that gauges patienfactivity — climb 5.2 percent from a year Growth within the health-care system and expense management “is the primary driver why we’re abovse budget significantly,” Guerin says.
Carolina s HealthCare spent morethan $106 millio on capital projects in the first Projects include new operating rooms at CMC-NorthEas and Carolinas Medical Center, an expansion of CMC-Pineville, a new hospita l at CMC-Lincoln and construction of health-care pavilions in Steelew Creek and Waxhaw, which will include free-standing emergench departments. Challenges in the cominb months include managingthe system’s growing bad-debtr and charity-care costs, reducing interest expensea and preparing for a possibles state cut in Medicaid funding, Gombard says. Bad-debt costs were 12 perceng over budget during thefirstt quarter, topping $48 million in the first quarter.
During the same period last year, bad debt was aboutg $43 million. The health-care system spent more than $770 millionb in community carein 2008, including bad charity care and subsidizing Medicarw and Medicaid. That equals 18.8 percenr of the health-care system’s net operating revenue. ”It’s a trends everybody’s seeing across the country,” Gombar says. “We can’g control how many people are how many people show up at our doorwithoutg insurance.” North Carolina’s budget woes could results in a cut of up to 15 percenft for Medicaid. That could equate to $36 million in annualo losses forCarolinas HealthCare.
“Medicaisd cuts are the worst economic benefiy cut the statecan make,” Gombad says. “It’s painful.” Says Guerin: “It raises prices for those whodo pay. It makes no good business sense to do Gombar says every dollar cut from Medicaideliminatees $4 from the economy. Carolinas HealthCare is the larges health-care system in the Carolinas andthe third-largesrt public system in the nation. The system leases or manages 25 hospitals. It has more than 40,00 0 full- and part-time employees.
Investment losses for the latest quarter totalednearlt $101 million. Chief Financial Officer Greg Gombar anticipates gainzs in the financial markef in April and May will erasethoss losses. Carolinas HealthCare uses investment earningse forcapital expenditures. That money is not used for dailgy operations. The health-care system hopes negotiations with several lenderw will cut its interest expenses tied to variabl debt andhigher bank-liquidity fees. Those fees are abouft $1 million per Interest expenses in the first quartertwere $21.8 million.
From an operational standpoint, Carolinasz HealthCare had a strongfirstg quarter, says Russ Guerin, executivee vice president for businessw development and planning. Net operating revenue climbed 8.6 percentt to $1.2 billion systemwide. Operatinf income exceeded $24.5 million. The health-care systemj saw adjusted discharges — a calculation that gauges patienfactivity — climb 5.2 percent from a year Growth within the health-care system and expense management “is the primary driver why we’re abovse budget significantly,” Guerin says.
Carolina s HealthCare spent morethan $106 millio on capital projects in the first Projects include new operating rooms at CMC-NorthEas and Carolinas Medical Center, an expansion of CMC-Pineville, a new hospita l at CMC-Lincoln and construction of health-care pavilions in Steelew Creek and Waxhaw, which will include free-standing emergench departments. Challenges in the cominb months include managingthe system’s growing bad-debtr and charity-care costs, reducing interest expensea and preparing for a possibles state cut in Medicaid funding, Gombard says. Bad-debt costs were 12 perceng over budget during thefirstt quarter, topping $48 million in the first quarter.
During the same period last year, bad debt was aboutg $43 million. The health-care system spent more than $770 millionb in community carein 2008, including bad charity care and subsidizing Medicarw and Medicaid. That equals 18.8 percenr of the health-care system’s net operating revenue. ”It’s a trends everybody’s seeing across the country,” Gombar says. “We can’g control how many people are how many people show up at our doorwithoutg insurance.” North Carolina’s budget woes could results in a cut of up to 15 percenft for Medicaid. That could equate to $36 million in annualo losses forCarolinas HealthCare.
“Medicaisd cuts are the worst economic benefiy cut the statecan make,” Gombad says. “It’s painful.” Says Guerin: “It raises prices for those whodo pay. It makes no good business sense to do Gombar says every dollar cut from Medicaideliminatees $4 from the economy. Carolinas HealthCare is the larges health-care system in the Carolinas andthe third-largesrt public system in the nation. The system leases or manages 25 hospitals. It has more than 40,00 0 full- and part-time employees.
Saturday, September 17, 2011
North Shore life sciences incubator wins grant - Boston Business Journal:
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has received a $50,000o planning grant from the . The MTC’s grantg will help the newly incorporatecd fund a feasibility study as well as an analysise of other area lifesciences incubators. The will designh the study and play a role inthe Accelerator’ business plan development. Houseds in Beverly’s Cummings Center, the incubatod hopes to provide early stage biotechnology and medicaol device firms subsidizedlaboratory space, equipment, professional services, mentotr and investor access in hopesd that the company would remaim on the North Shore once graduatingf from the incubator.
“Building upon existing industry clusteres is an effective way to strengthen a regionapl economy and the proposed Accelerator in Beverly is designed to do just saidstate Rep. Mary Grant of Beverly, in a “The Cummings Center in Beverlg is already host to 30 lifesciencez companies, and the Accelerator will attract othersa and strengthen our regional life sciences cluster.” The Acceleratod will be chaired by CEO Harry McCoy and forme r fellow Martha Farmer will assume the role as presidengt of the Accelerator.
has received a $50,000o planning grant from the . The MTC’s grantg will help the newly incorporatecd fund a feasibility study as well as an analysise of other area lifesciences incubators. The will designh the study and play a role inthe Accelerator’ business plan development. Houseds in Beverly’s Cummings Center, the incubatod hopes to provide early stage biotechnology and medicaol device firms subsidizedlaboratory space, equipment, professional services, mentotr and investor access in hopesd that the company would remaim on the North Shore once graduatingf from the incubator.
“Building upon existing industry clusteres is an effective way to strengthen a regionapl economy and the proposed Accelerator in Beverly is designed to do just saidstate Rep. Mary Grant of Beverly, in a “The Cummings Center in Beverlg is already host to 30 lifesciencez companies, and the Accelerator will attract othersa and strengthen our regional life sciences cluster.” The Acceleratod will be chaired by CEO Harry McCoy and forme r fellow Martha Farmer will assume the role as presidengt of the Accelerator.
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