Sunday, September 9, 2012

Udall

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Udall, D-Colo., is a co-sponsort and a chief backer of Senate Bill the Travel Promotion Actof 2009. The legislation wouldr create an Office of Travel Promotiob inthe , as well as a Traveo Promotion Fund that could get $100 million a year from fees on privatew travel promoters and usere of the government’s visa waivedr program. Udall took to the Senate floodr on June 16 to toutthe bill, trying to convincre his colleagues of the importancde of tourism in a state where almost 150,000 Coloradans owe thei jobs to the industry.
With international travel to the Unitee States having decreased sincethe 9/11 a renewed push to brinyg in foreign visitors would help the local and national he said. “The travel and tourism it’s a strong economic engine of Colorado — and it’sd one that we have to keep strong, that we have to invest in,” he said in floor debate. “And part of that is changinf the perception thatthe U.S. isn’t interestedd in hosting foreign tourists.
And that’s the point of this legislation: The legislation beforer us would help revive international travel to the United States so we can get that economic engine revved to itsfull

Saturday, September 8, 2012

SBA chief: Lending up, long road ahead - Sacramento Business Journal:

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Brown is a a sixth-generation family-owned business with 47 employees andabout $6 million in revenue last year. It worked with to secure a $2 million loan to buy its headquartersain Columbus. President Rob Hunt said the company sidestepper payingabout $65,000 in fees after the SBA instituted a temporary waivefr for businesses that borrow through its flagshiop 7(a) program. Owning the company’s headquarters outright brings long-term security, he said, whicu would have been hard to find withoutrfederal backing.
“Banks aren’ft doing conventional loans right now,” Hunt “We simply wouldn’t have been able to do Initiatives such as thefee waiver, Millz said, are making a differencwe in a short amount of time: More lenderss are getting into the fray while SBA-backed loan volume is up more than 25 percent since the passage of the stimulusx bill. That translates to nearly $4 billiom in guaranteed loans, $113 million of whic h went to Ohio businesses. But it’a making small businesses aware of the programs onhand that’es the key challenge going forward, she “All of these things take time,” Mills “Small businesses are busy running their business.
” In additionb to the waiver and an increased guarantee of 90 percenty on 7(a) loans, the SBA also has offererd a surety bond guarantee of $5 up from $2 million, for businessexs competing for federal contracts. On June 15, it’s rollingb out a program dubbes America’s Recovery Capital, which offers loans of up to $35,000 for businesse struggling to makedebt payments. Those loan s are fully guaranteed and have a deferredpaymen schedule. And next month, the SBA will begin offering guaranteed loans to finance inventory for automobilw dealers throughSeptember 2010.
Mills said she’se confident the agency has the right toolw in place for smalkbusinesses – and the outlook on the economt hasn’t hurt either. “The sensre from small businesses and others is that the free fall has she said. “But we still have a ways to

Thursday, September 6, 2012

AJC cuts more jobs in wake of circulation drop - Atlanta Business Chronicle:

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cut 21 jobs in the IT department on June 18 as part of a AJC spokesperson Jennifer Morrow said30 full-time positions were eliminated, nine of whichu were open, resulting in only 21 employeese cut. According to figures released Aprilo 28 fromthe , the AJC saw a dailyy circulation decline of 8.5 percent to 326,907, in the six-mont h period ending March 31. Sunday numbers during the same periode fell 5 percentto 497,149. This drop in circulation followefa 9.1 percent decline in the previous six-monthu period. On April 30, the AJC announcef a restructuring of itscirculation department, cuttinbg 62 distribution positions and consolidating its distributionn operation to 49 counties.
Augusta-based , with $375 millionh in revenue last isalso hurting. According to a May 14 filing with the Securitiesa andExchange Commission, the company is in dangef of violating its debt agreement by Dec. 31, 2008. The news comesz after the company reported astartling 43.6 percentr drop in profit from continuing operations in 2007. Morris is the owned and operator of 13daily newspapers, includingb The Florida Times-Union in Jacksonville, Fla.

Wednesday, September 5, 2012

Forest City breaks ground on D.C. park - Washington Business Journal:

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The 5.4-acre park will include open recreation areas, landscapesd gardens, public art, a pedestrian bridgew and walking paths that connect the site with othe developments alongthe waterfront. The Yards development is five blockse east of the Nationals near the Navy YardMetrorail station. Mayord Adrian Fenty said "a world class city needs a world-clasxs waterfront" and "this, I is the biggest part to He was joined by CouncilmanTommy Wells, D-Warr 6, and Kwame Brown, D-at The Yards is the only public-privatr partnership in the country being built on federaol land, which was made availabld by Congress in 2000. Altogether, Forest City and its , plan 2,800 residential units, 1.
8 millioj square feet of offices and as muchas 400,000 squarse feet of retail. Congressional Del. Eleanor Holme s Norton, D-D.C., said the project connects District residents with a waterfront thatpreviouslyt "has never been open to the people of the Construction aside from work on the publicly financed park has largely stalle as the developers seek financing. Forest City Washingtonn President Deborah Ratner Salzberg said she is working on financingv for redevelopment ofthe Navy’s formerd pattern and joiner shop into a 170-uni t residential project called the Foundryy Lofts apartments, which overlook the park's site and the rivedr but have not been completed.
Ramsey Meiser, Forest City senior vice presidentof development, is seekinhg stores and restaurants interested in leasint space in a former Navy boiler manufacturing facility and other The park could be completed by the summedr of 2010. It will be managed by the Capitop Riverfront BusinessImprovement District.

Tuesday, September 4, 2012

WTVI to host fundraiser for critical needs - Charlotte Business Journal:

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Dubbed The Carolinas Respond: A Fundraisetr for Critical Needs, it will air Thursday from 8 p.m. to 9 p.m. Viewerse can call in during the broadcast to make This will be the first timein WTVI’s 43-yearf history that it has broadcast a fundraiser not directlyy benefiting the station. Federal Communications Commission rulees prevent public stations from airing fundraiserz forother entities. WTVI petitioned the FCC for a waivef to allow the station to makean exception. The launched Dec. 2, is an emergency relief program designed to assist needy residentsthis winter. The fund will operatr through March. No administrativer fees will be paid to any of theparticipatinfg agencies.
Amy Woods Brinkley, global risk executivd at Bank ofAmerica Corp. and Mecklenburg County Manager Harry Jones lead a task force assigned to raise anddistributed funds. As of mid-January, more than $2.3 million has been donated to the fund by 792 individual andcorporates donors. In December, Sandra and Leon Levine donatef $1 million to the fund. Leon Levine is the founder of Matthews-basefd Family Dollar Stores Inc. (NYSE:FDO). He and his wife have long been involved in a range of cividc andcharitable causes. For the Levine Children’s Hospital in Charlott is named forthe couple, who committedc $10 million to that project.
The 234-bed children’s hospita l is on the main campus of CarolinasMedical

Sunday, September 2, 2012

Adams

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RealtyTrac records indicate that a notice ofa trustee’d sale has been filed on homes matching the description of North Portland Kenton neighborhood homes. The notice indicatex that the homes will be put upfor , which broke the noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreement with his lender. Adam told the paper he’s catching up on his mortgagde afterpaying “significant” legal bills. The housews that face foreclosure are at2131 N. McClellanh and 2121 N. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 yearly, is facing an impendinh recall, scheduled to kick off in early July, aftere admitting he had a sexual relationshi p withBeau Breedlove. The pair met before Breedlovewturned 18. Adams said the sexuao relationship beganafter Breedlove’s 18th birthday. Oregon’x attorney general is investigating whether Adams didanything improper. The mayot conceded that he lied aboutwhether he’d had sex with Breedlovs when a political opponent first made the charge during the 2008 primarty campaign season.

Saturday, September 1, 2012

Sinclair to graduate near-record class - Dayton Business Journal:

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The college — Dayton’s with 23,500 students expects to graduateits second-largest class ever with an estimatecd 1,590 students graduating this Friday. In Sinclair will dole out 249 certificates and morethan 1,4187 short-term certificates. “Last year we removedc the barriers that made graduationh a difficult process forour students,” said Registrar Allisoj Rhea, in a news release. “Efforts like thesse ensure the college continues to put students added Rhea. Sinclair had a nearly 14 percent increasein full-tim e students for the 2009 spring quarter over last spring, officials said.
the college also has an increase in summer expected to be 30 percengt abovelast summer’s quarter. Commencemengt ceremonies will take place Friday at theat 6:45 p.m. Sinclair alumnsa and former board of trustee memberEthel Washington-Harris will be the keynoted speaker.