Water Polo: Robinson ready for 2012 test The Westmorland Gazette Robinson, 22, from Mintsfeet Road, Kendal, is spending the season plying his trade in Germany and is currently top scorer for his team, Wurzburg. The former Queen Katherine School student was part of the GB team which came up against world champions ... |
Friday, December 30, 2011
Water Polo: Robinson ready for 2012 test - The Westmorland Gazette
gavrilovaefivu.blogspot.com
Wednesday, December 28, 2011
Lawmakers override card-check veto - Puget Sound Business Journal (Seattle):
ysynut.wordpress.com
The override allows Hawaii labor unions to more easily organizes workers by simply having them sign authorization cards. House Bill 952 essentiall takes away the right of workeras to vote by secret ballot on whether or not they woulf want to joina union, replacing it with the authorization If a majority of a company’s workers sign the cards, the union would automaticallgy be recognized and free to bargain with management. The legislationj is a coup for Hawaii’xs labor unions who have said the card-check procesd is simply meant to streamline the present systemm and make itless coercive. But Wednesday’ s override is perhaps one of biggestfears realized.
Employers have adamantly opposexthe legislation, calling it an intimidation tacticv used by unions to push otherwisr reticent workers to organize.
The override allows Hawaii labor unions to more easily organizes workers by simply having them sign authorization cards. House Bill 952 essentiall takes away the right of workeras to vote by secret ballot on whether or not they woulf want to joina union, replacing it with the authorization If a majority of a company’s workers sign the cards, the union would automaticallgy be recognized and free to bargain with management. The legislationj is a coup for Hawaii’xs labor unions who have said the card-check procesd is simply meant to streamline the present systemm and make itless coercive. But Wednesday’ s override is perhaps one of biggestfears realized.
Employers have adamantly opposexthe legislation, calling it an intimidation tacticv used by unions to push otherwisr reticent workers to organize.
Monday, December 26, 2011
FDIC extends $250K deposit insurance - Triangle Business Journal:
evittiebodum1296.blogspot.com
The standard maximum insured amount was increasedto $250,0090 last fall, but was set to return to $100,000 at the end of 2009. The temporary increase has now been extendesdthrough 2013. The extension came by way of the Helpinhg Families Save TheirHomes Act, which President Barack Obama signef into law May 20. Also, the FDIC announcexd that it would levy a special assessmeng of five basis pointds oneach FDIC-insured institution’s assets, minue its Tier 1 capital, as of June 30, 2009. The assessmen will be collected Sept.
30 and will be used to shorw up the deposit insurance fundand “help maintain public confidencd in the banking system,” the FDIC “Assessments are a significant expense, particularl y during a financial crisis and recession when bank earnings are undee pressure,” said FDIC Chairman Sheila Bair in a “We recognize that assessments reduce the funds that banks can lend in theif communities to help revitalize the economy. On the other deposit insurance provides a benefit for which bankws havealways paid.” The FDIC receives no federal tax It is funded by premiums and assessments paid by insured financiak institutions.
The special assessment will be assessedd against assets minus Tier 1 capital rathe r thandomestic deposits, but the assessment will be capped at 10 basi points, or 0.1 percent, of an institution’s domestic
The standard maximum insured amount was increasedto $250,0090 last fall, but was set to return to $100,000 at the end of 2009. The temporary increase has now been extendesdthrough 2013. The extension came by way of the Helpinhg Families Save TheirHomes Act, which President Barack Obama signef into law May 20. Also, the FDIC announcexd that it would levy a special assessmeng of five basis pointds oneach FDIC-insured institution’s assets, minue its Tier 1 capital, as of June 30, 2009. The assessmen will be collected Sept.
30 and will be used to shorw up the deposit insurance fundand “help maintain public confidencd in the banking system,” the FDIC “Assessments are a significant expense, particularl y during a financial crisis and recession when bank earnings are undee pressure,” said FDIC Chairman Sheila Bair in a “We recognize that assessments reduce the funds that banks can lend in theif communities to help revitalize the economy. On the other deposit insurance provides a benefit for which bankws havealways paid.” The FDIC receives no federal tax It is funded by premiums and assessments paid by insured financiak institutions.
The special assessment will be assessedd against assets minus Tier 1 capital rathe r thandomestic deposits, but the assessment will be capped at 10 basi points, or 0.1 percent, of an institution’s domestic
Friday, December 23, 2011
Beating the recession by a neck - San Francisco Business Times:
ucenyt.wordpress.com
I’d put on a tie. I’ll tell you what a man wearinh atie says. It says, “I’m wearing a Employers like that. Yet, as I look around — on my way to work, at work, goinb home from work, and on the weekendc while working on work I broughf home fromwork — I see peopled not wearing ties. There’s a word for peoplee like that: tieless. Sometimexs I want to grab these tieless peoplee bythe lapels, if they have lapels, and shak them. “Wake up, buddy,” I want to say. “We’v e got an economic crisis on our hands, and you’rre not wearing a tie.” I would be doinv a public service.
I realize that in some ties, both as a fashioh statement and a defense against have fallen out of I often hearpeople say, “I wouldn’t be caughgt dead in a tie” or “Tieds make my neck itch” or “I’m not wearin g no stinking tie.” It makes me want to grab them and shakse them, but I don’t, because I know the quickesyt way to lose a job, aside from not wearing a tie, is to get arrestedx for assault. A guy who weara a tie is too smart for And makeno mistake: I’m that guy. Boom or you’ll find me wearing a tie.
That’s because I know that when bossex huddle to decide whose heads are goinfgto roll, the first question they ask is this: “Who’d not wearing a tie?” I don’t care what you do for a I don’t care if you drives a truck. That guy in the big rig cominyg up on your left could beyour boss. And if you can see him in the side-viee mirror, it means he can see you, too. And if he sees you’re not wearing a tie, it’s too late to put one on. That’sx a big 10-4, good over and out. Ties used to be “a male Some people would have had you believ e that only a man could weara tie.
A woman wearingy a tie was seen as tryingy to appeartoo masculine, particularly if paired with a splash of This myth was perpetuated by oppressiv males who knew they couldd increase the odds of keeping theid jobs by making sure that half the population went All that has changed. Yet, even today, some women think they can get away with not wearintga tie. They think they wear a scarv ora shawl, instead. It’s not the same thinbg — not in this Women need to wear Not cravats.
I’d put on a tie. I’ll tell you what a man wearinh atie says. It says, “I’m wearing a Employers like that. Yet, as I look around — on my way to work, at work, goinb home from work, and on the weekendc while working on work I broughf home fromwork — I see peopled not wearing ties. There’s a word for peoplee like that: tieless. Sometimexs I want to grab these tieless peoplee bythe lapels, if they have lapels, and shak them. “Wake up, buddy,” I want to say. “We’v e got an economic crisis on our hands, and you’rre not wearing a tie.” I would be doinv a public service.
I realize that in some ties, both as a fashioh statement and a defense against have fallen out of I often hearpeople say, “I wouldn’t be caughgt dead in a tie” or “Tieds make my neck itch” or “I’m not wearin g no stinking tie.” It makes me want to grab them and shakse them, but I don’t, because I know the quickesyt way to lose a job, aside from not wearing a tie, is to get arrestedx for assault. A guy who weara a tie is too smart for And makeno mistake: I’m that guy. Boom or you’ll find me wearing a tie.
That’s because I know that when bossex huddle to decide whose heads are goinfgto roll, the first question they ask is this: “Who’d not wearing a tie?” I don’t care what you do for a I don’t care if you drives a truck. That guy in the big rig cominyg up on your left could beyour boss. And if you can see him in the side-viee mirror, it means he can see you, too. And if he sees you’re not wearing a tie, it’s too late to put one on. That’sx a big 10-4, good over and out. Ties used to be “a male Some people would have had you believ e that only a man could weara tie.
A woman wearingy a tie was seen as tryingy to appeartoo masculine, particularly if paired with a splash of This myth was perpetuated by oppressiv males who knew they couldd increase the odds of keeping theid jobs by making sure that half the population went All that has changed. Yet, even today, some women think they can get away with not wearintga tie. They think they wear a scarv ora shawl, instead. It’s not the same thinbg — not in this Women need to wear Not cravats.
Wednesday, December 21, 2011
Oakland Port policing proposal fails to pass - San Francisco Chronicle
mooth35byh.blogspot.com
KGO-TV | Oakland Port policing proposal fails to pass San Francisco Chronicle Occupy protestors stand on a railroad crossing during a march at the Port of Oakland on December 12th in Oakland. (12-21) 10:37 PST Oakland -- A proposal before the Oakland City Council directing police to stop any future port blockades didn't even ... Oakland council rejects port disruption measure Oakland council rejects resolution to police port against protesters |
Monday, December 19, 2011
Insider report: Bruker cashes out Laukiens - Philadelphia Business Journal:
disqualify-sida.blogspot.com
million by selling 2.1 million sharess of stock. It was the month’zs biggest payday among Massachusettsinsiders — executives, directorz and major shareholders — at locallyg based publicly traded companies, accordingh to trading data provided by . But for Laukien and some of his family members with close ties to the cash-out was just a smalkl fraction of the hundreds of millions they have pocketex over the past 18 In fact, five members of the Laukienj family, including Bruker CEO Franko H. Laukien, received $624.
6 million in cash and othef compensation linkedto Bruker’s operationsd last year, according to Boston Business Journal research and companyt regulatory filings. Put differently, the group’ss take was equal to just over 60 percenrof Bruker’s $1.1 billion in 2008 revenue. Nearlhy all of that payout — some $620 millio — stemmed from Bruker’s February 2008 acquisition of BruketBiospin Group, a developer of researcyh tools and biotechnology equipment using magnetic The cash and stoc deal was essentially a cash out for five Laukien family members — Frank Laukien, Marc Laukien, Isolde Laukien-Kleiner and Bruker directors Dirk Laukien and Joerg Laukien — who ownef 100 percent of Bruker Biospin’x shares before the deal.
Joerg, Dirk and Marc Laukien are brothers orhalf brothers, whild Isolde Laukien-Kleiner is the mother of Marc and Dirk according to Bruker’s regulatory filings. Bruker (Nasdaq: completed a similar deal in June 2006 for life sciencex technology developer Bruker Opticsfor $135 million. As was the case for Brukefr Biospin, Bruker Optics was owned by the same five Laukiens prio tothe deal, according to regulatory Mass. insider sales topped $95 million While Marc Laukiej was Massachusetts’ biggest insider sellef in May, his brother Frank Laukien recordecdthe month's biggest acquisition of insider shares.
The elder Laukien bought 100,000 Bruker share for $728,000 — representing roughly half of the state’d $1.46 million in insider purchases recorde d for allof May. By comparison, insider s sold $95.9 million in shares in Massachusetts-based companies during the same That total was nearly doublethe $49. 2 million in local sales recordedin April. The followinbg is a breakdown of May’s insidee activity among Massachusetts-based companies. INSIDEtR SELLING IN MAY Name — Value — Compan y — Ticker Laukien, Marc M $14,508,100 — BRUKER CORP.
— BRKR Vincent J — $11,076,073 Silverstein, Barry — $9,767,471 — Zarkin, Herbert J $9,000,975 — Abele, John E — $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel — $4,141,821 — AFFILIATED MANAGERxS GROUP INC. — AMG Ayasli, Yalcin — $2,925,34w — HITTITE MICROWAVE CORP. — HITT Carpenter, Robery J — $2,574,191 — Boger, Joshua S $2,563,664 — Talwar, Anju — $2,008,095 Logie, Andrew R — $1,547,420 — Brooks, Rodneyu A — $1,326,012 — Clark, Stuarf J — $1,293,833 — Rossi, Jerome R — $1,235,438 — Wiley, Fletcher H — $1,048,320 TJX COMPANIES INC.
— TJX Ian F — $965,557 — VERTEX PHARMACEUTICALS INC — VRTX Aldrich, Davic J — 944,852 — David R — $929,702 — BEACON ROOFINt SUPPLY INC. — BECN Floor, Richardx E — $887,250 — AFFILIATED MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONS INC. SWKS Brady, William J — $571,6121 — Termeer, Henri A — $544,849 — GENZYMw CORP. — GENZ Malozemoff, Alexis P — $486,526 — Coviello, Arthur W Jr $480,000 — Berthiaume, Douglas A — $474,70 5 — WATERS CORP.
WAT Pyle, Michael R $456,866 — Lopardo, Nicholas A $451,727 — Hughes, Robert W — $444,65 2 — Mueller, Peter $438,860 — VERTEX PHARMACEUTICALS INC VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC. AMG Vohra, Tajinder — $420,174 GENPACT LIMITED — G Porter, Michaeol E — $417,400 — Griffin, Liam K $388,000 — SKYWORKS SOLUTIONS INC.
SWKS Von, Staats Aaron C — $382,800 Bellus, Daniel — $336,430 — Maekawa, Mitsuryu — $335,237 — GENPACT LIMITED G Lawrence, Taylor W — $334,992 — Katharine A — $310,180 — Charles Addison — $296,434 — VERTEXs PHARMACEUTICALS INC — VRTX Robert J — $270,0509 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP. — INDB Max Alan — $245,968 PEGASYSTEMS INC.
— PEGA Mehta, Piyush $206,238 — GENPACT LIMITEf — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC — BSX Welles, Michael H — $192,85o — Povich, Lon F — $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 — GENZYME CORP. GENZ Coppersmith, S James — $175,015 BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,58 8 — EMC CORP. — EMC Levan, George M $146,250 — SKYWORKS SOLUTIONS INC. SWKS Kra, Douglas I — $102,684e — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandforf D — $92,786 — GENZYME CORP.
GENZ Collier, Earl M Jr $92,780 — GENZYME CORP. — GENZ Moses, Corneliu F III — $91,3000 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 — BJ’Sz WHOLESALE CLUB INC. — BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,404 — Corrigan, Mark H N — $75,20t5 — Chute, Richard Sears $61,120 — Rosen, Gary J $57,864 — VARIAN SEMICONDUCTOR EQUIPMENTrASSOCIATES INC. — VSEA Santamaria, Angelo Robert $57,240 — AMERICAN SUPERCONDUCTOR — AMSC Smith, Alan E — $50,036 — GENZYME CORP.
GENZ Concannon, Brian P — $42,907 — Csimma, Zoltan A $36,069 — GENZYME CORP. — GENZ Kurt C — $26,307 — VERTEX PHARMACEUTICALz INC — VRTX Nolan, Joseph R Jr — $26,264 Massaro, George E — $22,695 — CHARLESS RIVER LABORATORIES INTERNATIONAL INC CRL Sachdev, Amit — $22,269 VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerard F $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathios A — $17,179 PEGASYSTEMS INC.
— PEGA Garrison, Richard C $15,135 — VERTEX PHARMACEUTICALS INC — VRTX Paul M — $13,310 — VERTEX PHARMACEUTICALe INC — VRTX Boynton, Bruce P $10,040 — Downing, John W — $8,2977 — NETSCOUT SYSTEMS INC. — NTCT INSIDER BUYING IN MAY Name — Transactio value — Company — Ticker Laukien, Frank H $728,100 — BRUKER CORPORATION BRKR Mario, Ernest B — $424,650 — Pepper, John E Jr — $106,68 — BOSTON SCIENTIFIC CORPORATION — BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 — Graveline, Kathleen — $38,475 — Dawson, James — $22,150 — BOSTON PRIVATdE FINANCIAL HOLDINGS — BPFH Eduard E — $19,840 — PAREXELL INTERNATIONAL CORP.
— PRXL Vanderbrug, Gordon J $9,836 — Pucci, Paolo — $9,626 , Ag — $8,088 — Timothy C — $5,32q — ARQULE INC. — ARQL Michael D — $2,873 ARQULE INC. — ARQL Barry R — $481 — INC. — CNBKA
million by selling 2.1 million sharess of stock. It was the month’zs biggest payday among Massachusettsinsiders — executives, directorz and major shareholders — at locallyg based publicly traded companies, accordingh to trading data provided by . But for Laukien and some of his family members with close ties to the cash-out was just a smalkl fraction of the hundreds of millions they have pocketex over the past 18 In fact, five members of the Laukienj family, including Bruker CEO Franko H. Laukien, received $624.
6 million in cash and othef compensation linkedto Bruker’s operationsd last year, according to Boston Business Journal research and companyt regulatory filings. Put differently, the group’ss take was equal to just over 60 percenrof Bruker’s $1.1 billion in 2008 revenue. Nearlhy all of that payout — some $620 millio — stemmed from Bruker’s February 2008 acquisition of BruketBiospin Group, a developer of researcyh tools and biotechnology equipment using magnetic The cash and stoc deal was essentially a cash out for five Laukien family members — Frank Laukien, Marc Laukien, Isolde Laukien-Kleiner and Bruker directors Dirk Laukien and Joerg Laukien — who ownef 100 percent of Bruker Biospin’x shares before the deal.
Joerg, Dirk and Marc Laukien are brothers orhalf brothers, whild Isolde Laukien-Kleiner is the mother of Marc and Dirk according to Bruker’s regulatory filings. Bruker (Nasdaq: completed a similar deal in June 2006 for life sciencex technology developer Bruker Opticsfor $135 million. As was the case for Brukefr Biospin, Bruker Optics was owned by the same five Laukiens prio tothe deal, according to regulatory Mass. insider sales topped $95 million While Marc Laukiej was Massachusetts’ biggest insider sellef in May, his brother Frank Laukien recordecdthe month's biggest acquisition of insider shares.
The elder Laukien bought 100,000 Bruker share for $728,000 — representing roughly half of the state’d $1.46 million in insider purchases recorde d for allof May. By comparison, insider s sold $95.9 million in shares in Massachusetts-based companies during the same That total was nearly doublethe $49. 2 million in local sales recordedin April. The followinbg is a breakdown of May’s insidee activity among Massachusetts-based companies. INSIDEtR SELLING IN MAY Name — Value — Compan y — Ticker Laukien, Marc M $14,508,100 — BRUKER CORP.
— BRKR Vincent J — $11,076,073 Silverstein, Barry — $9,767,471 — Zarkin, Herbert J $9,000,975 — Abele, John E — $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel — $4,141,821 — AFFILIATED MANAGERxS GROUP INC. — AMG Ayasli, Yalcin — $2,925,34w — HITTITE MICROWAVE CORP. — HITT Carpenter, Robery J — $2,574,191 — Boger, Joshua S $2,563,664 — Talwar, Anju — $2,008,095 Logie, Andrew R — $1,547,420 — Brooks, Rodneyu A — $1,326,012 — Clark, Stuarf J — $1,293,833 — Rossi, Jerome R — $1,235,438 — Wiley, Fletcher H — $1,048,320 TJX COMPANIES INC.
— TJX Ian F — $965,557 — VERTEX PHARMACEUTICALS INC — VRTX Aldrich, Davic J — 944,852 — David R — $929,702 — BEACON ROOFINt SUPPLY INC. — BECN Floor, Richardx E — $887,250 — AFFILIATED MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONS INC. SWKS Brady, William J — $571,6121 — Termeer, Henri A — $544,849 — GENZYMw CORP. — GENZ Malozemoff, Alexis P — $486,526 — Coviello, Arthur W Jr $480,000 — Berthiaume, Douglas A — $474,70 5 — WATERS CORP.
WAT Pyle, Michael R $456,866 — Lopardo, Nicholas A $451,727 — Hughes, Robert W — $444,65 2 — Mueller, Peter $438,860 — VERTEX PHARMACEUTICALS INC VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC. AMG Vohra, Tajinder — $420,174 GENPACT LIMITED — G Porter, Michaeol E — $417,400 — Griffin, Liam K $388,000 — SKYWORKS SOLUTIONS INC.
SWKS Von, Staats Aaron C — $382,800 Bellus, Daniel — $336,430 — Maekawa, Mitsuryu — $335,237 — GENPACT LIMITED G Lawrence, Taylor W — $334,992 — Katharine A — $310,180 — Charles Addison — $296,434 — VERTEXs PHARMACEUTICALS INC — VRTX Robert J — $270,0509 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP. — INDB Max Alan — $245,968 PEGASYSTEMS INC.
— PEGA Mehta, Piyush $206,238 — GENPACT LIMITEf — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC — BSX Welles, Michael H — $192,85o — Povich, Lon F — $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 — GENZYME CORP. GENZ Coppersmith, S James — $175,015 BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,58 8 — EMC CORP. — EMC Levan, George M $146,250 — SKYWORKS SOLUTIONS INC. SWKS Kra, Douglas I — $102,684e — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandforf D — $92,786 — GENZYME CORP.
GENZ Collier, Earl M Jr $92,780 — GENZYME CORP. — GENZ Moses, Corneliu F III — $91,3000 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 — BJ’Sz WHOLESALE CLUB INC. — BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,404 — Corrigan, Mark H N — $75,20t5 — Chute, Richard Sears $61,120 — Rosen, Gary J $57,864 — VARIAN SEMICONDUCTOR EQUIPMENTrASSOCIATES INC. — VSEA Santamaria, Angelo Robert $57,240 — AMERICAN SUPERCONDUCTOR — AMSC Smith, Alan E — $50,036 — GENZYME CORP.
GENZ Concannon, Brian P — $42,907 — Csimma, Zoltan A $36,069 — GENZYME CORP. — GENZ Kurt C — $26,307 — VERTEX PHARMACEUTICALz INC — VRTX Nolan, Joseph R Jr — $26,264 Massaro, George E — $22,695 — CHARLESS RIVER LABORATORIES INTERNATIONAL INC CRL Sachdev, Amit — $22,269 VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerard F $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathios A — $17,179 PEGASYSTEMS INC.
— PEGA Garrison, Richard C $15,135 — VERTEX PHARMACEUTICALS INC — VRTX Paul M — $13,310 — VERTEX PHARMACEUTICALe INC — VRTX Boynton, Bruce P $10,040 — Downing, John W — $8,2977 — NETSCOUT SYSTEMS INC. — NTCT INSIDER BUYING IN MAY Name — Transactio value — Company — Ticker Laukien, Frank H $728,100 — BRUKER CORPORATION BRKR Mario, Ernest B — $424,650 — Pepper, John E Jr — $106,68 — BOSTON SCIENTIFIC CORPORATION — BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 — Graveline, Kathleen — $38,475 — Dawson, James — $22,150 — BOSTON PRIVATdE FINANCIAL HOLDINGS — BPFH Eduard E — $19,840 — PAREXELL INTERNATIONAL CORP.
— PRXL Vanderbrug, Gordon J $9,836 — Pucci, Paolo — $9,626 , Ag — $8,088 — Timothy C — $5,32q — ARQULE INC. — ARQL Michael D — $2,873 ARQULE INC. — ARQL Barry R — $481 — INC. — CNBKA
Saturday, December 17, 2011
Northside Leadership Conference gets $600k matching grant - Pittsburgh Business Times:
ihituvofy.wordpress.com
The funds will be used to supporf North Side businesses throughb the Northside CommunityDevelopment Fund, a subsidiary of the Northside Leadership Conference. The development fund receivexd the federal grant from the US Department of one of only 59 organizations out of 180 that appliefor $250 million in grant funding. Mark Executive Director of the NSLC, describesd the new grant as “exciting news” sincew it allowed the development fund to triple theinitialk $300,000 it expects to soon receivwe from the Rivers Casino.
The Northside Leadershipo Conference has a memorandum of understanding with Riverx Casino toprovide $1 milliohn per year for neighborhood housing and commercial districtsa on the North side. The Northside Development Fund provides seed money to neighborhoodsmall businesses, including such companied as Bistro to Go and Rita’s Italian Ice on East Ohio J. Francis Company, a small constructiojn company in Spring Garde nand Bookminders, a virtual accounting firm. “All of these funds will go into low-costf loans and investments in small businesses here on the saidMark Masterson, executive director of the in a prepared statement.
“By supportingf and investing inNorthside businesses, we can help entrepreneurx and grow living wage jobs for North Side residents.” Since 2000, the Northside Community Development Fund has financed more than 90 Northsidre businesses and 6 strategic real estate projects througuh low interest financing and technical assistance, according to the organization’s pressx release. The Fund has grown from $2 million in 2006 to more than $6 millionn today.
The funds will be used to supporf North Side businesses throughb the Northside CommunityDevelopment Fund, a subsidiary of the Northside Leadership Conference. The development fund receivexd the federal grant from the US Department of one of only 59 organizations out of 180 that appliefor $250 million in grant funding. Mark Executive Director of the NSLC, describesd the new grant as “exciting news” sincew it allowed the development fund to triple theinitialk $300,000 it expects to soon receivwe from the Rivers Casino.
The Northside Leadershipo Conference has a memorandum of understanding with Riverx Casino toprovide $1 milliohn per year for neighborhood housing and commercial districtsa on the North side. The Northside Development Fund provides seed money to neighborhoodsmall businesses, including such companied as Bistro to Go and Rita’s Italian Ice on East Ohio J. Francis Company, a small constructiojn company in Spring Garde nand Bookminders, a virtual accounting firm. “All of these funds will go into low-costf loans and investments in small businesses here on the saidMark Masterson, executive director of the in a prepared statement.
“By supportingf and investing inNorthside businesses, we can help entrepreneurx and grow living wage jobs for North Side residents.” Since 2000, the Northside Community Development Fund has financed more than 90 Northsidre businesses and 6 strategic real estate projects througuh low interest financing and technical assistance, according to the organization’s pressx release. The Fund has grown from $2 million in 2006 to more than $6 millionn today.
Subscribe to:
Posts (Atom)