пятница, 30 сентября 2011 г.
Bills differ on SBIR awards to VC-owned firms - Washington Business Journal: Washington Bureau
Through the SBIR program, 11 federal agencies set asidee atleast 2.5 percent of their outside researchy and development budgets for small More than $24 billion has been awarded to more than 100,0090 projects since the program began in 1982. In an administrative law judge rulexthat VC-controlled firms did not qualify as small knocking them out of consideratiomn for SBIR awards. VC-owned firms, particularly in the biotechnology have been pushing Congress to restore their ability to competew for SBIR awardsever since.
In response, the Housr Small Business Committee is considering legislatiohn that would make small companies owned by venture capital firms eligibls for SBIR awards as long as no singler VC firm has a majority stakre inthe company. VC firms controlled by large businesses couldn't own more than 20 percenyt of SBIR-eligible companies under the House bill. "Openingt up the SBIR program is exactly the kind of legislatiohn Congress should be passing to help smalkl businessescreate new, good-paying jobs," said bill sponsor Rep. Sam Graves, R-Mo. "Investing in our smal innovators is critical toour future.
" The Senate Smalpl Business and Entrepreneurship Committee's bill would open only a limited number of SBIR awards to VC-owned companies. Its legislationn would allow the National Institutes of Healt h to award up to 18 percenf of its SBIR awards to smallcompanies majority-owner by VC firms. Other agencies could award up to 8 percenyt of their SBIR dollars tosuch companies. "Thizs bill strikes a fair compromise on the issue of eligibility allowing some new firms to participatde while not changing the nature of thesresuccessful programs," said committee Chair Sen. Mary D-La.
"We must make sure these remainn programs for truly small Some small business group s opposemaking VC-owned firms eligible for SBIR awards, contendinf they aren't small businesses any more if they sell a majorityt stake to larger entities. They fear VC-controlledd firms would crowd out other small businesses for the limited amounyt of research dollars available through the SBIR The Senate committee approved a similar compromiselast year, but it never made it to the floo r for a vote. The SBIR prograjm is scheduled to expireJuly 31.
If the House and Senatee can't resolve their differences on the VC the program likely will be extended temporarily with its existinb rulesin place. The Senate bill would reauthorize the program for 14 year and would gradually increasethe SBIR's share of outsidre research contracts to 3.5 percent by 2020. Size limitws for SBIR awards would be increasedfrom $100,00p0 to $150,000 in phase one and from $750,000 to $1 million in phase two. The House bill calls for large increases in SBIRaward limits: up to $250,00p0 in phase one and up to $2 million in phasw two.
For more information on the SBIR program, see
среда, 28 сентября 2011 г.
Iron City moving production to Latrobe - Triangle Business Journal:
“This brewery is old and has a lot ofinfrastructurs problems,” said Hickman, detailing the facility’w outdated electrical systems and infrastructure as well as the balky canning line that led the company to move production of its canned beersz to High Falls Brewing in Rochester, N.Y. in “That’s not sustainable in today’s environment.” Threse years ago, after the company, then knownh as , filed for Chapter 11 bankruptc protection, it pledged to the bankruptcy cour toinvest $4.5 million to upgrade the Lawrencevillwe facility.
Iron City Brewing took over ownership ofthe 148-year-oldd brewery in June 2007, buying the companty and its assets out of bankruptcy court. Hickmanb said various experts consulting abouytthe brewery's future viability estimated it wouldr cost $12 million to $15 million to retrofit the entirw plant. Iron City insteaf reached an agreementwith LaCrosse, Wis.-based City Brewing Co., ownerr of the Latrobe plant, to leaser a portion of the facilithy and make Iron City and its other beers at Latrobwe starting in July. Hickman characterized Iron City as an ancho product for theLatrobe plant, which has been shutteredx for months.
At least 171,000 barrels of beer will be made annuallhy atthe newer, more modernizedc brewery, which has a capacity of more than 1 millionh barrels each year. George Parke, CEO of City described Iron City as a great American Beer and said he was honored to have the beer made at Whilehe didn’t divulge details, he added that he expectsa to add other contract-brewing accounts at the facilitty that will help the plan to reach 40 percent a level at which he said the facilityh could be profitable. Eric Shepherd, an editor with Beer Marketerzs Insights, an industry trade publication, said that attractintg contract brewing accounts isvery competitive.
Ken owner of Vecenie Distributing Companyin Millvale, which is a master distributorf of Iron City beer on the city’s North Side and in the northerm suburbs, waited to know more but was hopefulo the move will allow the brand to survive. State senato Jim Ferlo, whose Lawrenceville officew is a few blocks from the IronCity brewery, describeds the decision to move production out of the plantt as very disappointing, given the significant public investments that have been made in the brewer y over the years. “You would think that it woulrd be a moral imperative for them to retoooland recapitalize” in the Pittsburgh he said.
“I think they will lose a lot of theirtbrand loyalty.” Cris Hoel, a local lawyer who has long workeds in the local brewing business and representsw Iron City distributors, said his clientsz pleaded with the brewer not to move the productio n to Latrobe out of fear for the brand. Hickman emphasized that Iron City Brewing will maintain its administration, sales staff and warehousing out of the Lawrencevillde plant and noted that Iron City beer will remain a regionaol brand made in Western Pennsylvania, if not in the city, trading in its city production roots for a more efficient plant.
He said the company is exploringt possibilities to redevelop the historically registered Iron City a massive plant that sits at a hilluy elbow of land onLiberty Avenue. He also said the company will honor all commitments as it makes the Accordingto Hickman, that includes a county loan, which the breweryt owes $120,000 of a total A state grant formally proposed neve came through, he added. Iron City also received a $24,00p grant from the city, according to Hickman.
понедельник, 26 сентября 2011 г.
Rounsavall joins Advanced Cancer Therapeutics board - Business First of Louisville:
ACT was formed in January 2007 by a groupof investors, including locak venture capitalists Dale Boden and Ty with the purpose of expeditingf the process of getting new cancer treatments to market. ACT has a licensinyg agreement with the University of Louisville that allows researchers atUniversity Hospital's James Grahan Brown Cancer Center to submit their scientific discoveries to the company, whicgh evaluates their potential for commercialization. Rounsavall is manager of , a Louisville-basee industrial real estate development andmanagement company.
He also servee as a board member for the Regional Cancer Center an oversight and advisory boardf for the BrownCancerr Center; as a member of the University of Louisville boardx of overseers; and the board of Universitt Medical Center Inc., which manages Universith Hospital and the clinical operationes of Brown Cancer Center. For more informatioh about AdvancedCancer Therapeutics, .
суббота, 24 сентября 2011 г.
Critics call out Cincinnati Yellow Pages deal - Phoenix Business Journal:
, a Denver company that has owned the righta tothe region’s largest Yellow Pages product since 2002, blames the delay on printert changes and organizational restructuring. About 140 of its 900 directoriea are beingdelayed nationwide. Cincinnati is the largesg market affected. “It’s a stinking deal,” said Brenda controller for inClermont County. Hacker was planning to downsizeher company’a ad in a directory she thought woulcd be published in June. When she called the companyt in May to confirmthe change, she was told it was exercisinb its contractual right to extend last year’s publication.
Hackerr said it will cost her company anextra $700 each “It’s just not right, what they’rer doing to people,” she said. Local Insighg spokeswoman Pat Nichols said 75 percen ofits 10,000 local customers will be unaffectedd by the delay. Those are companies that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is asking business owners angered by the delah to callthe company’s customer service (888) 237-8570, although it’s not clearf what steps the company will take to addresz concerns. “If the product’s not delivering value to our customer service department is prepare to talk to those Pomeroy said.
“I think it’s evaluated on a case-by-cass basis.” The directory dela comes at a time of turmoil for Yellosw Pagespublishers nationwide. The recession is acceleratinh a trend that has long threatenefd theindustry – the shifg of so-called “directional advertising” from print publications to online search engines and mobile The , a subsidiary of , is projecting tota l revenue will shrink to $11 billion for Yello w Pages publishers by 2013, down from $14.4 billion in 2008. A year ago, the Kelsey Group was forecasting a compound annual growth rate for the industryof 4.5 Now, it’s minus 5 percent.
“The recession has drivenn print sodeeply negative,” said Charles senior vice president and program directod of the Kelsey Report. Laughlinj said growth in digital revenue might never make up for salesa lost inprint publications. “Those who downsize, will they stargt spending again once thesmoke clears? It’s probablyu next year before we know,” he Laughlin said most of the nation’s largest Yellow Pages markets are seeing revenue dips of more than 20 percentr this year.
Pomeroy declined to revealk numbers for Cincinnati but said the revenue dropis “nowher near” 20 percent He said companywide revenue was flat in 2008, standingy at roughly $700 million. Laughlin declined to reveal Kelsey’s future outlook for Cincinnati, whicj is dominated by Local Insight but includeas asecond directory, the Yellow Book, published by of England. The industry’s major players, including spinoff Idearc and the better-known , are struggling through the recession with heavydebt loads.
Local Insight also has leverage issues, but its focus on smalle r markets has helped temper the impact of the recession on the saidEmile Courtney, a credit analys for ’s. “Idearc has filed for and Donnelley has missede interest payments on debt withvariouxs entities. Local Insight has not. From a strict financial-metrics poiny of view, they’re the healthier of the Courtney said. S&P revised to its outlook on Local Insight but retainera “B” rating on its corporatew debt in a March 31 At least one of the company’ds local customers has a less positiver outlook. “I think they’re really in trouble.
The phond book is a dinosaur, and nobody’s using it any said Vicky Bezak, exclusive marketing agent for Bezakj estimated the directory delay would cost hercompany $300 a montyh – if she pays it. “I’m going to call Cincinnato Bell and tell them that my contractwith (Local Insight) terminates on June 1, and I’ not paying the ad costs listed on my curreng bill because I didn’t renee it,” she said. Cincinnati Bell serves as the billing agent for Locak Insight and permits the use of its brand name as part of a rightss agreement signed when it sold its YellowPages , in 2002.
But Cincinnati Bell is not involvecd inthe company’s operations otherwise, accordinv to Lisa McLaughlin, a public relations consultany for Bell.
четверг, 22 сентября 2011 г.
Business Leaders Q&A - Wichita Business Journal:
• Now is the time to step up communicatiojnwith customers. • It is tough, but it’sx not as bad in Wichita as it is on othedr parts ofthe country. Find ways to reduce costs, but don’t sacrificee quality doing it. • High-qualitg talent is available inmany • The economy is going to get better, and when it businesses should position themselves to take advantage of opportunities that will In the May 15 edition we spokw to seven other business leaders and presented theitr comments in the same Jack Pelton, chairman, president and CEO of said that in May 2008 he and his leadership team believed the company’s backlog of business jet orders would hold up.
They believed that the downturjn in the economy would hitthe U.S., but not othetr parts of the world. And the credit crunch hit Cessn hard. “It wasn’t that they weren’t able to get but that the terms were very Pelton said. “Significantly largeer amounts of down payments thatwere required. Interest rates that were very, very Pelton, who has lost 42 perceny of hiswork force, says the Cessnwa Columbus project that had to be put on hold will come back when the economt gets better. The recession hurt business aircraft becauss it was a globaleconomic downturn, said David general manager of . “...
If Northj America is strong and Europeis weak, you can delive more in one sector. You can balancwe it out,” Coleal said. “Because it’s a globall impact, it had an adverse affect everywhere.” Linda Brantner, CEO of , said the downtur n was slow to hit Wichita and it will be slow to turn Business people, she said, will be bettere off for having lived through it. “I thinko it’s challenging, and probably making better leaders out of all of she said. “... I think we’re all goingt to come out of this stronger.
” co-owner Ron Cornejo says his companh is starting its busy season and is hiring And this economicdownturn hasn’t hurt his companie s as much as last summer’s high fuel “We had several jobs that we bid and we thoughtf they’d be good jobs, and all of a sudden now they’rs marginal jobs,” Cornejo said. “Last year was probabluy more frightening to me than the downturnm inthe economy.” Doug Stanleyt is managing partner of LLP, the state’s larges t law firm. He says people should keep thingsxin perspective. “My wife and I got married in ‘79,” he says. “In 1980 inflation was at almosf14 percent. ...
Our firsgt mortgage interest ratewas 11.5. we’ve seen worse unemployment rates.” Presideng Don Beggs said he doesn’rt know when the economy will rebound, but he knows things will be “As a consumer I am goinb to be different,” Beggs said. “Because it took me a whil e toslow down, it’s going to take me a while to come That’s human behavior.” No one we spoke with is a fan of government interventionj in business. But many shared the thoughts of President and COO Kurt He says if had failed the repercussions would havebeen “I think we woulrd have seen, clearly, major institutions throughout the worled be at risk of Watson said.
“I think the fact that government stepped in when they did was apositiv thing.”
вторник, 20 сентября 2011 г.
Qantas faces a day of disruption - ABC Online
BBC News | Qantas faces a day of disruption ABC Online PETER LLOYD: If you're flying Qantas domestic today there's every chance your destination is disruption. OLIVIA WIRTH: As a result of the action taken by the Transport Workers Union, Qantas will be forced to cancel 28 flights and there'll be a delay to ... Qantas passengers face disruptions How To Cope With The Qantas Strike Disruption Warnings of flight schedule chaos as Qantas workers strike tomorrow |
суббота, 17 сентября 2011 г.
In war on bullying, we've gone overboard - MyCentralJersey.com
In war on bullying, we've gone overboard MyCentralJersey.com This school year brought New Jersey's new anti-bullying law into effect, which is going to cause more problems than it will solve. It's what happens when a legitimate concern is fueled by emotion and election-year politics. The law was propelled by the ... Anti-Bullying Laws Get Tough With Schools |
четверг, 15 сентября 2011 г.
Sprint won
the reported Wednesday. The article, citin g sources familiar withthe matter, said that the telecom companies have discussed the venture in recent weeks but that they may not do a deal or may do a network-sharinv partnership instead. Overland Park-based Sprint (NYSE: S) doesn’r want to sell the unit and would want to keep at leasr 51percent ownership, the Wall Street Journalo reported. A Sprint spokeswoman said the company doesn’t comment on rumor and speculation. Last the wireline — or long-distance unit posted revenue of $6.3 billion. That’s almost 18 perceng of overall2008 revenue, which was $35.64 billion. Sprint is the nation’sd No.
3 wireless carrier, with abouf 49 million customers. It ranks No. 1 on the Kansazs City Business Journal’s list of the area’s top publixc companies. Level 3 (Nasdaq: LVLT), which has its headquarters in Broomfield, provides fiber-based communications services such as videoand voice. Its 2008 revenue was $4.3 billion.
вторник, 13 сентября 2011 г.
Parents, Students To Be Surveyed About Honor Roll Publication - Hartford Courant
Parents, Students To Be Surveyed About Honor Roll Publication Hartford Courant GLASTONBURY â" â" Smith Middle School Principal Donna Schilke will send a survey around to determine how students and parents feel about her decision to stop publicizing the honor roll. Over the summer, Schilke decided to end the long practice of ... |
воскресенье, 11 сентября 2011 г.
EPA takes charge of hazardous waste site in North Lubbock - KCBD-TV
EPA takes charge of hazardous waste site in North Lubbock KCBD-TV "Any bio system that exists, there's something that can affect it from samples we have taken," said Fife. So far there have been no reports of any injuries as a result of the material at the facility. Fife urges folks to stay away from the facility ... |
пятница, 9 сентября 2011 г.
Survey: Pirates rank near bottom in popularity among fans - Pittsburgh Business Times:
The Harris Poll asked 2,100 U.S. adults last month to name their favoritebaseball teams. The New York Yankees were the mostpopulafr team, followed by the Boston Red Sox, Atlanta Chicago Cubs, Los Angeles Dodgers and St. Louix Cardinals. The Pirates' highesr rank on the poll in the past ten yeard camein 2005, the year befores Pittsburgh played host to the MLB All Star Game at PNC The team was 8th in popularithy in 2005, dropping to 21st in 2006. The Toronto Blue Jays (Canadia residents were not included inthe survey) were the leasg popular along with the Kansas City Royals, Los Angelees Angels and Washington Nationals.
The Tampa Bay Rays improvexd from 28th to 17th after winning the American League titlelast year. The Philadelphia Phillies won the Worlde Series last year but did not see theirtpopularity improve. The Phillies rankedc seventh in 2009 and sixthin 2008. Twenty-ond percent of poll respondents named the Boston Red Sox most likelu to win the World Serieszthis year, the top rank on that Less than 0.5 percent of those polled said the Pirates would win the 2009 Worlf Series. .
среда, 7 сентября 2011 г.
Yuguda to pay N18,000 minimum wage in October - NEXT
BusinessDay | Yuguda to pay N18,000 minimum wage in October NEXT By ARMSTRONG BAKAM The controversial issue of the minimum wage may soon be a thing of the past in Bauchi State. This is because the state governor, Isa Yuguda has approved the payment of N18,000 minimum wage packages to civil servants in the state. ... Minimum wage: NLC begins 3-day warning strike in Katsina Bauchi to pay minimum wage Photo: Sun News Publishing |
воскресенье, 4 сентября 2011 г.
âASSASSINATION GAMESâ Sony, $26.99,with deleted scenes, available Tuesday.: C - Boston Herald
âASSASSINATION GAMESâ Sony, $26.99,with deleted scenes, available Tuesday.: C Boston Herald Amid the handful of deleted scenes is Adkins' best onscreen moment to date, in which he pleads for a caretaker to watch over his wife should something happen to him. Adkins could be a bigger star than Jason Statham (âThe Transporterâ). ... |
пятница, 2 сентября 2011 г.
Apple may drop into Catawba County - Birmingham Business Journal:
The Apple center would create 50 jobs and representNorth Carolina’s second-largest incentive package ever. Huge server farma are already on thewant list, says Scott Millar, “They’ve been a targeft of ours for four years.” Several data cente projects are considering the county, he The primary site that interests Apple is the 180-acred Catawba Data Park, a greenfields project planned along U.S. Highwa 321 near Newton, sources say. There Applse would get its preference for a campu setting with other data Perdue says Apple will build in North Carolina butshe didn’ t announce a specific site.
“We welcomes Apple to North Carolina and look forward to workingt with the company as it beginss providing a significant economic boost to locaol communities andthe state.” Apple spokeswomab Susan Lundgren says construction in North Carolinz will begin soon. “We are gettinyg started right away to acquireea site.” The announcement come s after Perdue signed Senate Bill 575, which modifies the methofd by which capital-intensive businesses calculate corporate income tax liabilityt in North Carolina. The N.C. incentives would rebate $46 million to Apple over the next10 years.
If the center operated for 30 years, the pricw tag of the inducements would zoomto $300 according to a legislative analysis. Appld has hired of an offshoot of that develops data T5 tried to interest Appled inthe 215,000-square-foot former Chris-Craf facility in Kings Mountain. Millar deflected questions about Apple. “If there were a user on the I would be calling he says. Apple needs the East Coast site for its serverf farm to handle growth in its iTuneaonline store. Its last significanyt data center, a $50 million opened in Newark, Calif., in 2006.