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Democrats needed 18 votes — a supermajority requirefd to raisetaxes — to send the bill to Gov. Ted Kulongoski’ s desk. Beaverton Democrat Mark Hass voted against the Democrats will likely try to convince Hass to vote for the measur byamending it, possibly by writing a sunse into the bill. “It all depends on said J.L. Wilson, a lobbyist for Associated Oregob Industries, the state’s most powerfupl business group. “Hass made it clear in his floor statements thathe didn’t think it was a fair optiob to increase taxes permanently.” Such a sunset could lead otherd Democrats to vote against the bill.
However, because House Bill 3405 was technicallytabledc — which would alloq the measure, as written, to come up for anotherr vote if leaders so choose — majority leaders could also lobbyt moderate Republican members to support the corporatew tax hikes as presented. At the close of Wednesday’s session, Sen. Margaretg Carter, a Portland Democrat and co-chair of the Ways and Means Committee, gave an impassionesd benediction that seemed to implorweRepublican “nay” voters. The measure was tablefd as a procedural move.
Senators can call for a revoter on a measure that change their own vote toa “no” and then requesr that the matter be tabled, ostensibly so they can reconsidert their vote. Sen. Richard Devlin, the majority leader, used the move in an efforr to have the matter Afterthe vote, the Senate tabledd a related measure to raise personal income taxew on high-income individuals. “I’m disappointed that we came upshorf today.
I really believefd that the package brought forwards by the chairs of the Revenue Committees wouldf bring greater fairness and equity to our tax systemj and help fill the unprecedented gap in ourstats budget,” said Senate President Peteer Courtney in a news release. “We won’t, let this setback derail the session. We are goin to move forward toward adjournment byJune 30.” House Speaker Dave Hunt issuedr a similar statement. “We passed this revenur package because we believed itis fair, balanced and protects critical services like education, healt care and public safety,” Hunt, a Democragt from Clackamas, said in a news release.
“W are making $2 billion deep cuts to the This revenue package ensures that we can protecft those core servicesof education, healtn care and public safety. Without it, the cuts we will have to make will shutter schools, harm seniors and cut to the bone the services Oregonians care about greatly.” The House on Tuesday votexd to increase the current corporate minimum tax from $10 to betwee n $150 and $100,000, depending on the size of a Under the plan, corporate incomer tax rates would have risen from 6.6 percentf to 7.9 percent before reverting to 7.6 percenty in 2011. The measure would have raised $261 milliob over the 2009-11 biennium and $775 million betweenb 2009 and 2015.
All told, 125,000 Oregon corporations would have paid more Another measure sought to raise income taxes on individual filers earning morethan $125,000p and joint filers earning more than The bills combined would have raised $582 milliom over the next two years and $1.2 billioh over the next six years. Lawmakers contended the measures could help reducethe state’s $4.2 billion budger shortfall. Throughout the day, lobbyists tracked meetingas between Courtney, Hass and Democratix senators Margaret Schrader andJoanne Verger, who were believef to be swing votes. Verger had expressesd reservations, like Haas, that the tax increases wouls become permanent.
Schrader and Verger eventually voted yes on the corporatwetax measures. Hass couldn’t be reachedd for comment. “He had to have a lot of courage to cast that saidJay Clemens, president and CEO of Associate d Oregon Industries. AOI recently organized the Alliance of OregohBusiness Associations, which represents more than 40,000 businesses across the It had called for a $300 flat tax, regardlesd of business size or income. Even before vote, business groups had expressed concerns that Democratsx were seeking a permanent tax not atemporary one.
Phil Keisling, the formerf Oregon Secretary ofStatse who’s now an executive with Beaverton-based CorSourcwe Technology Group, confirmed that many businesses were upset that Democratws sought to make the corporate income tax rate from 6.6 percent to 7.9 permanent. “We were told it would be temporary,” Keisling said of the earlty talks regarding theproposed hikes. “Anrd we asked them this week, ‘Whatr part of temporary don’t you
Friday, February 22, 2013
Saturday, February 16, 2013
Solutia completes sale of nylon business - Houston Business Journal:
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The sale includes the unit’s management and as well as all five of its manufacturing plantsin Alvin, Texas; Decatur, Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon businessa includes 2,000 of Solutia's 5,100 All 2,000, including 29 in St. Louis, became employee of the SK Capital affiliate. SK Capital paid Solutisa $50 million in cash for the nylon assets. Solutias also received a 2 percent equity stake in the new compang formed to hold the assets of thenylonh business. In addition, Solutia will receivd $4 million in deferred cash paymentw to be paid inannual $1 milliob installments beginning in 2011.
SK Capita has secured replacementof $25 million of lettersd of credit associated with the nylon which has resulted in increased availability for Solutiaq under its credit The affiliate of SK Capitao will assume substantially all of the liabilities of the nylo n business, including employee and pension liabilities relating to the activs employees of the business and environmental said Solutia, which plans to use the proceeds of the sale to pay down debt under its asset-based revolving credift facility. St. Louis-based Solutia Inc.
SOA), led by Chairman, Presidenr and CEO Jeffry Quinn, develops specialty chemicals, fluids and other performance
The sale includes the unit’s management and as well as all five of its manufacturing plantsin Alvin, Texas; Decatur, Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon businessa includes 2,000 of Solutia's 5,100 All 2,000, including 29 in St. Louis, became employee of the SK Capital affiliate. SK Capital paid Solutisa $50 million in cash for the nylon assets. Solutias also received a 2 percent equity stake in the new compang formed to hold the assets of thenylonh business. In addition, Solutia will receivd $4 million in deferred cash paymentw to be paid inannual $1 milliob installments beginning in 2011.
SK Capita has secured replacementof $25 million of lettersd of credit associated with the nylon which has resulted in increased availability for Solutiaq under its credit The affiliate of SK Capitao will assume substantially all of the liabilities of the nylo n business, including employee and pension liabilities relating to the activs employees of the business and environmental said Solutia, which plans to use the proceeds of the sale to pay down debt under its asset-based revolving credift facility. St. Louis-based Solutia Inc.
SOA), led by Chairman, Presidenr and CEO Jeffry Quinn, develops specialty chemicals, fluids and other performance
Monday, February 11, 2013
SoftBrands sold for $80M; Golden Gate Capital is buyer - Kansas City Business Journal:
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The buyer, a holding company created by private-equity firm and its portfolip company , will pay 92 cents per share for Shares of SoftBrands closed at 47 cents per share on On the same datein SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billion in assets underd management. Infor, based in Alpharetta, Ga., is a softwarw company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-basede SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to small and mid-sized manufacturerxs under the brand. Its productsz handle tasks such as making reservationsw to settingroom rates.
SoftBrands CEO Randy Tofteland said in a press statement that the deal will allowq shareholdersto “realize significant value from their investment.” He also said the compang would benefit from an “alliance” with Infor. A spokeswoma n for Infor said SoftBrands will continue to have a presence in Minneapolis, though it has yet to be determinedc how many employees will remain SoftBrands’ board has already approved the sale, whichb is expected to close in between 60 and 90 days.
The buyer, a holding company created by private-equity firm and its portfolip company , will pay 92 cents per share for Shares of SoftBrands closed at 47 cents per share on On the same datein SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billion in assets underd management. Infor, based in Alpharetta, Ga., is a softwarw company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-basede SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to small and mid-sized manufacturerxs under the brand. Its productsz handle tasks such as making reservationsw to settingroom rates.
SoftBrands CEO Randy Tofteland said in a press statement that the deal will allowq shareholdersto “realize significant value from their investment.” He also said the compang would benefit from an “alliance” with Infor. A spokeswoma n for Infor said SoftBrands will continue to have a presence in Minneapolis, though it has yet to be determinedc how many employees will remain SoftBrands’ board has already approved the sale, whichb is expected to close in between 60 and 90 days.
Wednesday, February 6, 2013
SIUE goes to court over failed conference center - Silicon Valley / San Jose Business Journal:
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Developer William Shaw and couldn’t come up with financing for the hotelo andconference center, which was to be called the Sprin Green Lodge and located at University SIUE’s research and technology park, accordin g to university spokesman Gregory Conroy. The project, first announcecd in 2004, died in 2007 when a ground lease between SIU and WLS expired following extensions for the SIUE filed a declaratory judgment action Monday inMadison Ill., seeking to have the court bring legal closure to its hotel conference center project.
If WLS would have to remove all constructiojn equipment and materials and remove the buildinyg foundation it constructed to comply with the terms of the Conroy said. That would free up the located at Illinois Route 157 and UniversityuPark Drive, to become available for lease and the university said. University Park currently has 23 tenantsz representing a number of business sectorsz includingagricultural biotechnology, health sciences, design professionals and informationb technology. The most recent announced addition to the park is the Blooxd Processing Center and NationalTesting Laboratory.
The Americanm Red Cross plans to move toa 15-acrwe site at University Park Drive and Sout Research Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financing for the hotelo andconference center, which was to be called the Sprin Green Lodge and located at University SIUE’s research and technology park, accordin g to university spokesman Gregory Conroy. The project, first announcecd in 2004, died in 2007 when a ground lease between SIU and WLS expired following extensions for the SIUE filed a declaratory judgment action Monday inMadison Ill., seeking to have the court bring legal closure to its hotel conference center project.
If WLS would have to remove all constructiojn equipment and materials and remove the buildinyg foundation it constructed to comply with the terms of the Conroy said. That would free up the located at Illinois Route 157 and UniversityuPark Drive, to become available for lease and the university said. University Park currently has 23 tenantsz representing a number of business sectorsz includingagricultural biotechnology, health sciences, design professionals and informationb technology. The most recent announced addition to the park is the Blooxd Processing Center and NationalTesting Laboratory.
The Americanm Red Cross plans to move toa 15-acrwe site at University Park Drive and Sout Research Drive and bring more than 500 jobs to the
Friday, February 1, 2013
AAA: Tennessee gas averaging $2.34 per gallon - Memphis Business Journal:
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The retail price of a gallon of gas rose 4 centse in the past weekin Tennessee. AAA Soutjh puts the Tennessee average gallon of gasat $2.3389 now. That’s more than the $2.292 motorists paid a week ago and well abovsthe $1.910 they paid on average last month. However, it is much lowerr than the $3.832 gas customerzs paid this timelast year. Florida and Georgia pricesx rose by 6 cents in thepast week. "Thes current retail price trend has been pushed byrefineryu reductions, crude and wholesale pricr increases, but not by consumer demand,” Greggv Laskoski, managing director of public relationd for AAA South, said in a statement.
“On May 1, the nationa l average price of gasolinee was 45 cents per gallon less than it is Even the most bullish of analysts would have to expectg the rateof (retail gasoline) price increases to slow down in cominyg weeks since all rallies come to an A barrel of crude oil closed $4.645 higher this week over last week at $66.31. Crudee would need to trade at about $100 per barrell for gas prices tohit $3. But that is well abovew this year’s highest projections of $70-$75 per barrel, accordinhg to Tom Kloza, publisher and chief oil analystat .
, a tradew publication for the oil industry reporting on retaikl andwholesale prices, said this week “history is on the side of a pricew decline.”
The retail price of a gallon of gas rose 4 centse in the past weekin Tennessee. AAA Soutjh puts the Tennessee average gallon of gasat $2.3389 now. That’s more than the $2.292 motorists paid a week ago and well abovsthe $1.910 they paid on average last month. However, it is much lowerr than the $3.832 gas customerzs paid this timelast year. Florida and Georgia pricesx rose by 6 cents in thepast week. "Thes current retail price trend has been pushed byrefineryu reductions, crude and wholesale pricr increases, but not by consumer demand,” Greggv Laskoski, managing director of public relationd for AAA South, said in a statement.
“On May 1, the nationa l average price of gasolinee was 45 cents per gallon less than it is Even the most bullish of analysts would have to expectg the rateof (retail gasoline) price increases to slow down in cominyg weeks since all rallies come to an A barrel of crude oil closed $4.645 higher this week over last week at $66.31. Crudee would need to trade at about $100 per barrell for gas prices tohit $3. But that is well abovew this year’s highest projections of $70-$75 per barrel, accordinhg to Tom Kloza, publisher and chief oil analystat .
, a tradew publication for the oil industry reporting on retaikl andwholesale prices, said this week “history is on the side of a pricew decline.”
Sunday, January 27, 2013
Copper wiring theft climbs in El Paso, resulting in lost business, high repair ... - El Paso Times
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Copper wiring theft climbs in El Paso, resulting in lost business, high repair ... El Paso Times Steven Svoboda, co-owner of Bear Creek drive-up coffee shop at 643 N. Resler prepared a coffee drink on the 3 group espresso machine Thursday. The machine was rendered unuseable for several days after someone stole copper wire from a nearby power ... |
Saturday, January 12, 2013
Survey: CEOs still foresee negative conditions - South Florida Business Journal:
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“This quarter’s results reflect a continuingg weak set ofeconomic conditions,” said Ivan Seidenberg, chairma of Business Roundtable and chairman and CEO of “Conditionsz — while still negative — appear to have begun to The Washington-based association of CEOs representse a combined work force of nearly 10 million employeese and more than $5 trilliohn in annual sales. When asked how they anticipater their sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quarter outlook survey, when 24 percent predictedf higher sales. Fifty-one percent said their U.S.
capital spendinf will fall in thesecond quarter, and 12 percen said it will rise. Forty-ninde percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percenyt predicted a drop in employment. Six percent anticipatde their employee base to Member CEOs estimated thatthe nation’s real grosw domestic product will drop by 2.1 percent in compared with the CEOs’ first-quarter estimat e of a 1.9 percent The outlook index — which combinesx member CEO projections for capital spending and employment in the six months ahead — expanded to 18.5 in the second quarter, up from -5 in the firsgt quarter.
An index reading of 50 or lower is consisten with overalleconomic contraction, and a reading of 50 or higher is consistent with expansion.
“This quarter’s results reflect a continuingg weak set ofeconomic conditions,” said Ivan Seidenberg, chairma of Business Roundtable and chairman and CEO of “Conditionsz — while still negative — appear to have begun to The Washington-based association of CEOs representse a combined work force of nearly 10 million employeese and more than $5 trilliohn in annual sales. When asked how they anticipater their sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quarter outlook survey, when 24 percent predictedf higher sales. Fifty-one percent said their U.S.
capital spendinf will fall in thesecond quarter, and 12 percen said it will rise. Forty-ninde percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percenyt predicted a drop in employment. Six percent anticipatde their employee base to Member CEOs estimated thatthe nation’s real grosw domestic product will drop by 2.1 percent in compared with the CEOs’ first-quarter estimat e of a 1.9 percent The outlook index — which combinesx member CEO projections for capital spending and employment in the six months ahead — expanded to 18.5 in the second quarter, up from -5 in the firsgt quarter.
An index reading of 50 or lower is consisten with overalleconomic contraction, and a reading of 50 or higher is consistent with expansion.
Thursday, January 10, 2013
Oscars 2013: 'Amour' in, 'Intouchables' out for foreign language - Los Angeles Times
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New York Times (blog) | Oscars 2013: 'Amour' in, 'Intouchables' out for foreign language Los Angeles Times Academy voters showed their love for Austria's "Amour" on Thursday morning, with the deep and intimate look at an aging couple facing the end of life together being nominated not just for best foreign language film, but also for best pictur e and in ... Oscar reactions: Foreign films from Michael Haneke's 'Amour' to Denmark's 'A ... There Was Even a Snub in the Foreign Language Category OSCARS: Parsing The Foreign Language Nominees |
Wednesday, January 9, 2013
RTA proceeds toward Benbow demolition - Dayton Business Journal:
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The destruction of the 13-storyy unused building is part of the Market StreetPlazaq project, a reconstruction of the block betweehn Main and Jefferson streets and Thirde and Fourth streets to better accommodates transit patrons and solve other problems at the Thirdf and Main street intersection. The RTA is workinb with , and The on a plan for the At an RTA planning meetingylast month, board members were presented with ideas for which include: and developing pleasant scenery and a park area to welcomes pedestrian traffic through the Project goals include eliminating high concentrations of people at Third and Main creating a gateway for and enhancing and helping retail businesses alongt Main street by moving the busses that currentlhy wait there.
The RTA must apply for the Federao Transit Administration grant by the May1 deadline. Jamesd Foster, director of planning for the RTA, said he expecte demolition to come this summer and at the this fall. At yesterday's board meeting, the RTA also approvedc $300,000 in funding that will continue Ambassador services inthe RTA'sd areas of concern: the intersections of Thired and Main streets and Fourth and Main
The destruction of the 13-storyy unused building is part of the Market StreetPlazaq project, a reconstruction of the block betweehn Main and Jefferson streets and Thirde and Fourth streets to better accommodates transit patrons and solve other problems at the Thirdf and Main street intersection. The RTA is workinb with , and The on a plan for the At an RTA planning meetingylast month, board members were presented with ideas for which include: and developing pleasant scenery and a park area to welcomes pedestrian traffic through the Project goals include eliminating high concentrations of people at Third and Main creating a gateway for and enhancing and helping retail businesses alongt Main street by moving the busses that currentlhy wait there.
The RTA must apply for the Federao Transit Administration grant by the May1 deadline. Jamesd Foster, director of planning for the RTA, said he expecte demolition to come this summer and at the this fall. At yesterday's board meeting, the RTA also approvedc $300,000 in funding that will continue Ambassador services inthe RTA'sd areas of concern: the intersections of Thired and Main streets and Fourth and Main
Tuesday, January 8, 2013
The 'danger zone' of New Year's resolutions - Fox News
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The 'danger zone' of New Year's resolutions Fox News More than a week after New Year's Eve, we are entering the danger zone when millions of people who resolved to quit smoking, or start working out, or begin dieting or keep their houses neat, start lapsing into old habits. They figure one cigarette won ... |
Monday, January 7, 2013
Orlando 7-Eleven converts to franchise - Orlando Business Journal:
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The 3,000-square-foot convenience store at 3911 McCoy Road nearConway Road, which also has a gasoline station, will now be owned by franchisee Ermal Metollari, a formere store manager for five years. Dallas-basedc 7-Eleven Inc. announced plans in 2007 to converft 100 existing locations in the state tofranchised operations. Stores managers were invited to applgy for those franchises before the offerwent public.
More than 40 7-Elevehn stores in the Orlando markeyt arenow franchised, with about anotheer 140 owned by the Between eight to 10 7-Eleven stores throughougt the state are being convertex into franchise operations each month and plans to have most of the conversionsz nationwide completed by 2012, according to a news The company operates, franchises or licensesx about 7,800 stores in North America and more than 36,100 stores in 15 countries. The company reportecd 2008 sales of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConway Road, which also has a gasoline station, will now be owned by franchisee Ermal Metollari, a formere store manager for five years. Dallas-basedc 7-Eleven Inc. announced plans in 2007 to converft 100 existing locations in the state tofranchised operations. Stores managers were invited to applgy for those franchises before the offerwent public.
More than 40 7-Elevehn stores in the Orlando markeyt arenow franchised, with about anotheer 140 owned by the Between eight to 10 7-Eleven stores throughougt the state are being convertex into franchise operations each month and plans to have most of the conversionsz nationwide completed by 2012, according to a news The company operates, franchises or licensesx about 7,800 stores in North America and more than 36,100 stores in 15 countries. The company reportecd 2008 sales of morethan $53.7 billion.
Saturday, January 5, 2013
NGOs not told to keep info 'confidential' - The Star Online
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The Malaysian Insider | NGOs not told to keep info 'confidential' The Star Online PETALING JAYA: Two of the 16 NGOs involved in a discussion with the Election Commission (EC) on their role as observers in the coming general election said they were never told the content was confidential. Merdeka Centre director Ibrahim Suffian and ... 'Unethical' for polls monitors to complain to PKR, says EC |
Friday, January 4, 2013
Bush, Tenet directors
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Bush, now the president of consultingfirm , was awarded $111,046 in fees earned or paid in cash and stock units valuefd at $130,000, according to a proxuy filed by Tenet (NYSE: a Dallas-based hospital company. An unspecified portion of the cash compensation was deferrecat Bush’s request, the proxyy said. Bush’s 2008 compensation from Tenet is nearlt double theFlorida governor’s which is $132,932 for the current fiscal year. Bush is one of nine memberas of Tenet’s board.
Directors received between $233,046 and $404,04 6 in total compensation last year, with the highest amount going toEdward Kangas, board chairman, the proxy Tenet’s non-employee directors received a $75,000 annual retainer fee in and additional fees for attendingv board and committee meetings. In Tenet’s non-employee directors received a $65,000 annuap retainer fee. Bush, who served as Florida’s governor from 1999 to also serves on the board of directorsof RYN), a real estate developmen company based in Jacksonville, and on the board of several private companies, includinfg , and
Bush, now the president of consultingfirm , was awarded $111,046 in fees earned or paid in cash and stock units valuefd at $130,000, according to a proxuy filed by Tenet (NYSE: a Dallas-based hospital company. An unspecified portion of the cash compensation was deferrecat Bush’s request, the proxyy said. Bush’s 2008 compensation from Tenet is nearlt double theFlorida governor’s which is $132,932 for the current fiscal year. Bush is one of nine memberas of Tenet’s board.
Directors received between $233,046 and $404,04 6 in total compensation last year, with the highest amount going toEdward Kangas, board chairman, the proxy Tenet’s non-employee directors received a $75,000 annual retainer fee in and additional fees for attendingv board and committee meetings. In Tenet’s non-employee directors received a $65,000 annuap retainer fee. Bush, who served as Florida’s governor from 1999 to also serves on the board of directorsof RYN), a real estate developmen company based in Jacksonville, and on the board of several private companies, includinfg , and
Thursday, January 3, 2013
Up north, open land attracts commercial development - Business First of Columbus:
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Warehousing and distribution, light industry and small business dominates the privatesector here. Adams, and neighborinbg Broomfield County, are well-prepared to capitalize on the upturm whenit arrives. That could be late this year or early predict optimistic officialsat (ACED), a Westminster-based business-promotion agency. When it they’re banking on a plentiful supply ofraw land, a ready and availabls workforce and an affordabls cost-of-living structure to lead them back to robusty health.
“We’re one of the hottest areasa inthe country,” said Tricia Allen, businesd development vice president of ACED, wavinbg a article touting the county’s diversified economy, and reasonable property taxesd and home prices. “We are in the right position when the time Thenorthern sector’s is raw land, primec for commercial development, and that’s why it’e projected to be the fastest-growing Colorado county for the next 20 Adams claims more of it — stretchedr in a long, rectangular bloci nearly to the Kansax border — than anywherse else in the seven-county metrl region.
For example, developers are interested in a 10,000-acrer segment surrounding , just southeast of DIA. The regio includes 34 business parks, ranging from 75 to 6,300 acres. They’re home to many warehousing and transit companies the heart of the logistics as Adams County official s calltheir front-burner industry. But the recession has rockex those sectors, and the fact that some 25 perceng ofthe metro-area logistics workforcr lives in Adams County has intensified the economic Companies have gone under, homebuilders and real estate agents have taken big hits, projects have stalled and the 8.
4 percenty unemployment rate is high for the But offsetting much of the gloom is the sturdy presencre of the county’s sizable transportation The county has a maze of important interstateas and other highways; is home to two rail lines, and and will be the site of two majorr FasTracks lines. And there’s the nearby DIA, which has spawnexd a host of hotelsfor Adams, with more commercia development almost certain to follow. This bedroclk of so-called fixed assets makes locall officials confident about thecoming “We’re optimistic, the phonew is ringing,” Allen said. “Business is lookingb for the best deals, land and And this is the timefor them.
” In where office vacancy rates are runningt considerably lower than the metrl average, Don Dunshee, president of the , points to a spik e in inquiries in the past four months. “People are startinv to look for space, and we’rse ready for them,” he said. Allehn noted a turnaround in capitaol investment, and new jobs, this year. Besides Ascent Solar’se well-publicized new manufacturing plantin Thornton, five othef companies — Colorado Petroleum, Kwal , and — are headefd for or expanding here. Allen said her office is pursuing seveb European suppliersof Denmark-based , which will open two facilitiezs in Brighton to complemenrt its new U.S.
base, also in Weld Much of the recent and projectedr new action is centered arounx twohot spots. The intersection of Interstates E-470 and 70 is home to the burgeoningy ProLogisPark 70, a commercial expanse that has a GM partse facility, distribution center and O’Reilly Auto And the stretch of I-70 west to I-25 continue to perk with warehouse and shipping Even as recruiters, armed with the new state income tax seek to further sweetej the mix, the county also leans on its sizablee public-funded projects to boost the economy.
Prominent amon them is the Adams County Governmentf Campuson E-470 at 76, a $76 million undertakingf that’s among Colorado’s largest public works projects. When planners hope the workforceof 1,000 will help nurturde the adjacent Adams Crossing, a light-commercial development, which in turn is counted on to toucb off more construction up and down the interstate. And then ther is the reborn Fitzsimons, an economicd anchor for not just Adamas but much of the easternmetri area. With the Anschut Medical Campus virtually the site now employenearly 16,000.
As the adjoining, research-centerecd Colorado Science + Technology Park becomes a realit withprivate monies, it will furtheer bolster the local coffers. Economic developers also work to keep existin gbusinesses happy, often helping them to expand or deal with localk government. Adams EDC is currently goint to batfor , whose roofingg shingle plant at 52nd Avenue and Fox Street is threatened by a proposed RTD maintenancre facility.
Warehousing and distribution, light industry and small business dominates the privatesector here. Adams, and neighborinbg Broomfield County, are well-prepared to capitalize on the upturm whenit arrives. That could be late this year or early predict optimistic officialsat (ACED), a Westminster-based business-promotion agency. When it they’re banking on a plentiful supply ofraw land, a ready and availabls workforce and an affordabls cost-of-living structure to lead them back to robusty health.
“We’re one of the hottest areasa inthe country,” said Tricia Allen, businesd development vice president of ACED, wavinbg a article touting the county’s diversified economy, and reasonable property taxesd and home prices. “We are in the right position when the time Thenorthern sector’s is raw land, primec for commercial development, and that’s why it’e projected to be the fastest-growing Colorado county for the next 20 Adams claims more of it — stretchedr in a long, rectangular bloci nearly to the Kansax border — than anywherse else in the seven-county metrl region.
For example, developers are interested in a 10,000-acrer segment surrounding , just southeast of DIA. The regio includes 34 business parks, ranging from 75 to 6,300 acres. They’re home to many warehousing and transit companies the heart of the logistics as Adams County official s calltheir front-burner industry. But the recession has rockex those sectors, and the fact that some 25 perceng ofthe metro-area logistics workforcr lives in Adams County has intensified the economic Companies have gone under, homebuilders and real estate agents have taken big hits, projects have stalled and the 8.
4 percenty unemployment rate is high for the But offsetting much of the gloom is the sturdy presencre of the county’s sizable transportation The county has a maze of important interstateas and other highways; is home to two rail lines, and and will be the site of two majorr FasTracks lines. And there’s the nearby DIA, which has spawnexd a host of hotelsfor Adams, with more commercia development almost certain to follow. This bedroclk of so-called fixed assets makes locall officials confident about thecoming “We’re optimistic, the phonew is ringing,” Allen said. “Business is lookingb for the best deals, land and And this is the timefor them.
” In where office vacancy rates are runningt considerably lower than the metrl average, Don Dunshee, president of the , points to a spik e in inquiries in the past four months. “People are startinv to look for space, and we’rse ready for them,” he said. Allehn noted a turnaround in capitaol investment, and new jobs, this year. Besides Ascent Solar’se well-publicized new manufacturing plantin Thornton, five othef companies — Colorado Petroleum, Kwal , and — are headefd for or expanding here. Allen said her office is pursuing seveb European suppliersof Denmark-based , which will open two facilitiezs in Brighton to complemenrt its new U.S.
base, also in Weld Much of the recent and projectedr new action is centered arounx twohot spots. The intersection of Interstates E-470 and 70 is home to the burgeoningy ProLogisPark 70, a commercial expanse that has a GM partse facility, distribution center and O’Reilly Auto And the stretch of I-70 west to I-25 continue to perk with warehouse and shipping Even as recruiters, armed with the new state income tax seek to further sweetej the mix, the county also leans on its sizablee public-funded projects to boost the economy.
Prominent amon them is the Adams County Governmentf Campuson E-470 at 76, a $76 million undertakingf that’s among Colorado’s largest public works projects. When planners hope the workforceof 1,000 will help nurturde the adjacent Adams Crossing, a light-commercial development, which in turn is counted on to toucb off more construction up and down the interstate. And then ther is the reborn Fitzsimons, an economicd anchor for not just Adamas but much of the easternmetri area. With the Anschut Medical Campus virtually the site now employenearly 16,000.
As the adjoining, research-centerecd Colorado Science + Technology Park becomes a realit withprivate monies, it will furtheer bolster the local coffers. Economic developers also work to keep existin gbusinesses happy, often helping them to expand or deal with localk government. Adams EDC is currently goint to batfor , whose roofingg shingle plant at 52nd Avenue and Fox Street is threatened by a proposed RTD maintenancre facility.
Tuesday, January 1, 2013
Public libraries are needed now more than ever - Pittsburgh Business Times:
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The Carnegie Library of Pittsburgh. If you find this factoird unlikely, it is because the research that discovered it receivedc an astounding lackof attention. In 2004, a study by Carnegie Mellon University’s Center for Economic Development found thatthe library’w 19 branches generated more than 700 jobs at the librariex and nearby businesses that library patrons visit. It also supported more than $63 million in economixc output inthe county. With an operating budge t of about $21 million, this is a nearly 3:1 returjn on investment for ourtax dollars. The libraries stimulate the localk economy because they are so heavily They attracted morethan 1.
6 million visitors in 2004 — more than the top tourisft attraction, the Carnegie Science Center, with abou t 590,000 visits, and more than the top-drawing sports the Pittsburgh Pirates, whosw games drew just under 1.6 million people. But it’s not just about Among the immeasurable, intangible social benefitd the library brings to our community are supporgt for literacy andlifelong learning, and books and researcy materials that we can use now whilse we preserve them for future generations. Stronbg libraries also are a symbol to our citizens and to the businesseas that we are tryint to attract to the area that this communityvaluesw knowledge.
In the current recession, libraries are on the frontlines of providin g help for the newly jobless and theeconomicallyt strapped. Job-hunters want access to quality informatio n toretool themselves. Those who cannot afford computers or Internet connections at home are flocking to libraries to file onlin e forunemployment benefits, scout out job opportunitied and send out resumes. And, though libraries wish it weren’ty so, they also have become increasingly important assafe after-school havenws for children.
Even before the economix crisis, demand for library services wasincreasingt — circulation and visits increased by nearly 30 percentg between 2000 and 2007, while prograkm attendance more than doubled. Yet funding for the Carnegi Library has decreased by 20 percentin inflation-adjustefd terms since 2000. So the library facexs the prospect of cutting back servicese just as people need moreof them. To face the challengwe of decreased funding, the library needs to becomse more efficient while also seeking new funding sources that match the unique contributions of librarie s inour society. For example, the U.S.
Departmenrt of Housing and Urba Developmenthas $6 billion in stimulus fundinb for “neighborhood stabilization” programs. For more than a Chicago has found that building or renovatingv its libraries has generated investment and improvedtheier neighborhoods. Might Pittsburgh followa suit? Individual donations can be another source oflibrary funding. Philanthropy is most importangt in an era when demands for tax dollarw are growing while revenueris shrinking. Citizens might assume that Pittsburgh’ds generous foundations will pick upthe slack.
But foundation endowmentss have shrunk along with the valued of thestock market, and the impacts will be felt for several years to come in the form of reduced Finally, controversial though it may be, libraries shoulr consider whether consolidation of the library administration systemws could cut costs withoutf reducing the number of branches or thei r services. Studies commissioned in the 1950s, 1960s and 1990x each recommended that the independenrt library systems in AlleghenyCountyu merge. The independent libraries did form the Allegheny CounttLibrary Association, which allowed resident to use a single electronic card catalog and a singlee borrowing card.
But within the Allegheny Countyh Library Association there are stilpl 45 boardsof directors, 45 bureaucracied and 45 library systems competing with each other for tax dollarws and grants. Consolidation could save money, and our tax dollarss could be spent on improvinyg servicesfor all.
The Carnegie Library of Pittsburgh. If you find this factoird unlikely, it is because the research that discovered it receivedc an astounding lackof attention. In 2004, a study by Carnegie Mellon University’s Center for Economic Development found thatthe library’w 19 branches generated more than 700 jobs at the librariex and nearby businesses that library patrons visit. It also supported more than $63 million in economixc output inthe county. With an operating budge t of about $21 million, this is a nearly 3:1 returjn on investment for ourtax dollars. The libraries stimulate the localk economy because they are so heavily They attracted morethan 1.
6 million visitors in 2004 — more than the top tourisft attraction, the Carnegie Science Center, with abou t 590,000 visits, and more than the top-drawing sports the Pittsburgh Pirates, whosw games drew just under 1.6 million people. But it’s not just about Among the immeasurable, intangible social benefitd the library brings to our community are supporgt for literacy andlifelong learning, and books and researcy materials that we can use now whilse we preserve them for future generations. Stronbg libraries also are a symbol to our citizens and to the businesseas that we are tryint to attract to the area that this communityvaluesw knowledge.
In the current recession, libraries are on the frontlines of providin g help for the newly jobless and theeconomicallyt strapped. Job-hunters want access to quality informatio n toretool themselves. Those who cannot afford computers or Internet connections at home are flocking to libraries to file onlin e forunemployment benefits, scout out job opportunitied and send out resumes. And, though libraries wish it weren’ty so, they also have become increasingly important assafe after-school havenws for children.
Even before the economix crisis, demand for library services wasincreasingt — circulation and visits increased by nearly 30 percentg between 2000 and 2007, while prograkm attendance more than doubled. Yet funding for the Carnegi Library has decreased by 20 percentin inflation-adjustefd terms since 2000. So the library facexs the prospect of cutting back servicese just as people need moreof them. To face the challengwe of decreased funding, the library needs to becomse more efficient while also seeking new funding sources that match the unique contributions of librarie s inour society. For example, the U.S.
Departmenrt of Housing and Urba Developmenthas $6 billion in stimulus fundinb for “neighborhood stabilization” programs. For more than a Chicago has found that building or renovatingv its libraries has generated investment and improvedtheier neighborhoods. Might Pittsburgh followa suit? Individual donations can be another source oflibrary funding. Philanthropy is most importangt in an era when demands for tax dollarw are growing while revenueris shrinking. Citizens might assume that Pittsburgh’ds generous foundations will pick upthe slack.
But foundation endowmentss have shrunk along with the valued of thestock market, and the impacts will be felt for several years to come in the form of reduced Finally, controversial though it may be, libraries shoulr consider whether consolidation of the library administration systemws could cut costs withoutf reducing the number of branches or thei r services. Studies commissioned in the 1950s, 1960s and 1990x each recommended that the independenrt library systems in AlleghenyCountyu merge. The independent libraries did form the Allegheny CounttLibrary Association, which allowed resident to use a single electronic card catalog and a singlee borrowing card.
But within the Allegheny Countyh Library Association there are stilpl 45 boardsof directors, 45 bureaucracied and 45 library systems competing with each other for tax dollarws and grants. Consolidation could save money, and our tax dollarss could be spent on improvinyg servicesfor all.
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