domingo, 30 de septiembre de 2012

SMF Energy announces $40M recapitalization - Philadelphia Business Journal:

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The company (NASDAQ: FUEL) said in a news releasre that it estimates the recapitalization will reducdeits short-term debt by $9.5 its total debt by $4.4 millionb and its cash requirements for interest and dividends by more than $1 milliom a year. It said shareholders' equith has been increased by morethan $4 millionn as a result. SMF Energy said it extinguishex all of itsexistiny non-bank debt and outstandint preferred stock through various agreements with dozenss of existing debt and equity investors, while convertinfg its existing $25 million asset-basee lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceedes of which were used to pay down $4.
868 million in secured notes and $125,000 in unsecured notes. The companyt said it issued new stock to make up the balancer paid for the cancellation and extinguishment of theexistingg investors' debt and equity securities. Fort Lauderdale-based SMF Energ y said in the release that the recapitalizatiojn took place with amended agreements withand . It said the only non-banmk debt incurred in the recapitalization was an unsecure subordinated promissory noteof $800,000 at 5.5 percent interest issuedc to an existing institutional investorr in exchange for $800,000 of one of the August 2007 11 percen t senior secured convertible promissory notes.
The institutionap investor alsoexchanged $200,000 of the same secured note for shares of common stockk priced at 38 centsd a share, which was greater than the closiny bid price of the stoc on the day before the effectivre date. acted as SMF Energy’s placement agent for the recapitalization and received feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investmentt banking agreement. SMF Energt supplies specialized transportation and distribution servicea for petroleum productsand chemicals.
It provide s commercial mobile andbulk fueling, alont with other services to the transportation, manufacturing, construction, telecommunications and government servicee sectors. Formerly known as , as of Nov. 30, it conducteds operations through 31 service locations in 11 Shares closed down nearly 3 cents to about 35 The 52-week high was 71 centss on Aug. 28. The 52-weekm low was 10 cents on Feb. 20.

viernes, 28 de septiembre de 2012

Colliers lands Meridian leasing - Charlotte Business Journal:

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The 1.9 million-square-foot complex at Universityy Research Park was originally built byIBM Corp. boughr the 12-building campus in 2002 for $114 million, accordin to property records. Meridian Corporate Centedr had been managed and leasedby Charlotte-based . Collier is marketing 250,000 square feet of office spaces andabout 300,000 square feet that can be used as data Meridian Corporate Center, on 184 acres at W.T. Harris Boulevard and Interstatr 85, is unusual because of its size and its extensiveelectrical system. The latter includes a substation on plus dual feeds from twoother substations.
That provides redundang capabilities critical for data centers and call A power outage occurred only once inthe property’se history, and that was caused by a planse crashing into an electrical transmission system shortlyy after IBM constructed the buildings in 1979. Quoteed lease rates are about $15 per squarse foot. recently sold its offic warehouse in the Old Hickory Business Park in Indian Trailfor $3.2 or $70.61 per square The 45,320-square-foot building at 7171 Stinsonb Hartis Road is leased to Portable Storage Systems Inc. The buyers Durham-based , a limited liability company — will take over managemenrt of ThePODS building.
Trinity Partners represented TrinityCapital Advisors. Vernonn Averett of representedthe buyer.

jueves, 27 de septiembre de 2012

Solar + tunes = energy efficient concert series - Boston Business Journal:

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For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republix Square Park while sharing the spotlight with an unlikelytperformer — solar power. The Solar Powered Concerr Series isa new, free music series created by Greg Henry, of Pro Show and event production veteran Marsha Milam that places solar powerr on display. This is the first solar powered concert series for who felt that Austin would be the ideal placre to testsuch shows. Marsha Milajm Music produces KGSR’s “Unplugged at the Grove” and otherf concerts throughout Texas.
“Austimn is such a green city itself, the residentzs are environmentally concerned,” Milam said. “I do a numbef of music series and I thought Austin would be the place to embrace this.” To achieve the goal of clean power, the downtow park is outfitted with solard powered sound systems and lighting systemsz with LED lights. Milam declined to disclose how much has been investe d inthe carbon-neutral concert series, saying only that costss are about 25 percent more than a typical concert series.
“Our goal for this was to prove that we can do Milam said, conceding that she didn’t start marketinyg the series until the second show to make sure that the equipmenyt functioned properly. “What I’vwe noticed is that the energy isso clean, and it makeds a difference. There’s no stage she said. “That’s great for the audiencee and forthe artists.” Milamm tapped Austin-based Sustainable Waves, a provider of solatr powered sound, light and productio n equipment, for the concert series.
Sustainable Waves also has a salew office inSan Diego, Cody Murray, of Sustainable Waves, said that the company’s servicesa were utilized at several events during this year’z SXSW Music Festival. It’s also broughtg its solar power equipment toLas Vegas-baserd N9NE Group’s events, Vans Warped Tour and the New Belgium Brewery’sw Tour de Fat. For the Solar Powert Concert Series, Sustainable Wave’s utilized 44,000 watt PA systems.
Sponsorship for this year’s Solarf Powered series was on thelighter side, but Milam said that she’es hearing positive feedback from prospective sponsors who want to be associaterd with a green music “This is our vision. You have to get out therwe and go through the labor pains and find out what workss andwhat doesn’t,” she said. “Ouer goal is very This isn’t a one year thinv for us.” The concert serieds is free, but donations are being acceptedf for BlueDog Rescue, an Austin-arez dog foster organization. There are two showsz left, Fastball and The Black and Whitw Years onJune 10, and Arc Angels on June 24.

lunes, 24 de septiembre de 2012

On Apple Maps, all roads lead to Google - Businessweek

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On Apple Maps, all roads lead to Google

Businessweek


U.S. technology giant Apple 's foray into mobile maps with its iPhone 5 had to do with advertising and a growing rivalry with Google , industry observers said. Apple's iPhone 5, which went on sale Friday included a new online maps service that was ...



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domingo, 23 de septiembre de 2012

Survey: MN hotels

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However, 51 percent of those surveyed expectr revenuewill decline, as rates drop. The survegy was conducted by , the state’s tourisj department. Roughly 32 percent of peoples polled said they expect occupanch will be flat compared to ayear ago, while abouty 21 percent projected business will pick up. The U.S. Nationak Association has estimated that leisure travel will fall 2 percenrtthis summer. Explore Minnesota’s survey also found that 57 percent of lodgingf businesses saw revenue and occupancy fall in Aprip and May compared to the same monthsin 2008.
Some campgrounds are expecting business to pick up as touristeseek lower-cost lodging options, the report Hotels and motels are less optimistic, About 60 percent of survety respondents described the financial health of theirf businesses as “growing” or “stable, but positive.”

viernes, 21 de septiembre de 2012

Va. gets $37.6M in energy stimulus funds - Washington Business Journal:

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million in federal stimulus funds geare towardmaking low-income residences more energy The amount, making up half of the state’sz total allotment to help weatherize homes, adds to more than $9 millionb that had already been deliveresd to Virginia under the Americann Reinvestment and Recovery Act. The state said it plansd to rely on local counties and cities to spendc the money weatherproofing a statewide totalof 8,60p0 homes in the next three The process involves initiating an energy audit of each home to and later plug, its biggest holes from wherre energy escapes, areas such as buildingf insulation, windows and doors.
Virginia said it plans to focuse its dollars toward the physically challenged, families with high energy consumers and those who had been facin an energy-related crisis. The federal weatherization assistancse program, administered by the U.S. Departmentr of Energy, is a key facet of the federalstimulus funds. Families must make up to 200 percent of the federalppoverty level, or about $44,0000 a year for a family of to be eligible for the average $6,500p available to weatherize each home. DOE said weatherproofiny tactics can result in 32 percenty average savings onheating bills. If Virginia’s plans are then it will be eligible to receive theremainingv $47.
1 million from its allotted $94 million pot for weatherization aid from the stimuluws bill.

jueves, 20 de septiembre de 2012

National City Mortgage faces possible cuts - Dayton Business Journal:

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Spokesman Pat McMahon said PNC (NYSE: PNC) is committex to National City Mortgage and the Dayton but as a result ofthe merger, it is lookiny to eliminate 5,800 positions throughout its geographixc presence. PNC now has 2,5000 Dayton-area employees at both its banking andmortgage operations, but McMahon would not say how many local workersa would be cut. “We have a significant presenced inMiami Township, but we have said all along therwe would be job impact as a part of the mergexd companies,” McMahon said.
He said PNC is not breaking out staff reductions by geographic location orbusinesw unit, but it will provide information on “expensw reductions” in its quarterly updates. PNC has a goal of reducingf expensesby $1.2 billion, part of which will come throughn a reduction in employment. McMahon said it is too earlu to say what the net outcomew will be inMiami Township, but the company’d long-term strategy is to grow the company and add “We have a meaningful presence in the Daytonj area. It’s an importanrt market and we want to beaggressive there,” McMahon said.
As a part of the National City branch locations in the Daytonb area are scheduled to beginbeing re-brandedc as PNC branches in the firsty half of 2010.

miércoles, 19 de septiembre de 2012

Asian Stocks Head for Highest Close Since May on BOJ - Businessweek

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Business Today


Asian Stocks Head for Highest Close Since May on BOJ

Businessweek


Asian stocks rose, with a regional benchmark index poised to close at the highest level since May, as the Bank of Japan boosted asset purchases, joining moves by the Federal Reserve last week to stimulate economic growth. JFE Holdings Inc. (5411), ...


< p size="-1">Shares post highest close since early May

Sydney Morning Herald



 »

domingo, 16 de septiembre de 2012

eScreen evolves from rapid testing to expanded offerings - Kansas City Business Journal:

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While the industry still perceiverd eScreen as a device it was sneaking up on the competitio by building a set of tools to become aholistic employment-screenin g company. Even though its sales to existing clients were down about 20 percent because of decreased hirinyg byits clients, eScreen’s revenuee grew 13 percent last year through increased market CEO Robert Thompson said. The companu is currently the second-largest program administrator in the country with an eye on the top The company’s business model is to place its technology and software in occupational health and urgent-care clinicse throughout the country and then use that networl as a selling point when callinh on nationwide employers.
The strategy has worked well, and now eScreeb has two of the nation’s five largest employers as customers.

viernes, 14 de septiembre de 2012

Commercial real estate news- View Real estate news Across the US

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| CB Richard Ellis Memphis | | | | | | | | | | | | | | | | | | | | Commerciao Alliance Management, LLC | | | | | | | | | | | | Crescenty Resources LLC | | | | | | | | | | | | | | | | | | | | | | | Duke Energy Corporation | | | | | | | | | | | Fanni e Mae | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grubv & Ellis Company | | | | | | | | | | | | | | | | | | | Internationap Council of ShoppingCenters | | | | | | | | | | | | Jonesx Lang LaSalle Incorporated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Park Nationao Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wachovi Corporation | | | | | | | | | | | | | | | | | | | | | |

jueves, 13 de septiembre de 2012

N.C. law extends COBRA enrollment - Minneapolis / St. Paul Business Journal:

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The law extends the enrollment periodf to 120 days from60 days. The often called “mini-COBRA,” will ultimately allow employees to receivre the federalstimulus package’s 65 percent COBRA premium Laid-off personnel must have worked at smalk businesses with fewer than 20 “Because of this legislation and the federak premium subsidy, more North Carolinianws who have been laid off will be able to maintaijn their insurance coverage,” says N.C. Insurance Commissioner Waynwe Goodwin.
“We hear from a lot of consumerzs who unfortunately have chosen not to extend theie coverage through COBRAor mini-COBR because it is simply too expensivr or they missed the electionm period.” COBRA gives workerws and their families the option to continue group healthg benefits for limited periods of time unde r certain circumstances. Under federal law, COBRA generally applies to companies with 20 ormore employees, and workers may be chargerd up to 102 percent of the full healtn insurance premium.
Insurance companies of small employersx — those who have fewer than 20 employeee — are required to offer continuation coveraged underNorth Carolina’s Group Health Insurance Continuatiobn laws. The federal stimulus packagre contains two provisions that expand the benefita available to employees whose jobs havebeen eliminated. It extende the election period for eligiblwe employees to determine whether they wish to enroll in the federalCOBRA program. The new N.C. law provides the same extendexd election periodfor mini-COBRA in North Carolina.
The federal packagre also provides a subsidy that pays for 65 percenr of the premium for both COBRAand mini-COBRwA recipients who were laid off between 1, 2008, and Dec. 31, 2009. Depending on the size of the formed employer, either the employer or the insurancer provider fronts 65 percent of the premium amounr and then recoups that expense througn federal payrolltax credits. Workers are responsible for the remainint 35 percent ofthe premium.

miércoles, 12 de septiembre de 2012

Children's Hospital CEO Roger Oxendale resigns - Pittsburgh Business Times:

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spokesman Frank Raczkiewicz confirmed the resignation Oxendale will remain through the endof 2009. He also is resigninyg the presidencyof Children’s a position he has held since 2008. Oxendale, who was traveling Tuesday morning, was not immediately available. He joined the hospitapl 14 years ago asits CFO. He became COO in 2000 and replace d Ron Violi as president and CEOin 2005. Oxendalse dropped the president title when he took the post at the foundatio nlast year.
Children’s spokesman Marc Lucasiak said the organizatioj will be conducting a search to fill the foundatiobn position but will not continue the CEO Christopher Gessner will continue to serve as presidentgof Children’s Hospital. He was appointedc in 2008 after eight years as chiefoperatiny officer. Children’s in Pittsburgh’s Lawrencevillre neighborhood May 2. It launcher a $100 million capital campaigbn last fall to help payfor it. John vice president of Witt/Kieffer, a recruitmeng firm specializing in thenonprofit sector, said it will be tough to find a new presidenyt for the foundation, but that Children’s is “well to attract strong prospects.
“It’s becoming increasinglg more difficult tofind top-notch development and advancement professionals,” Thornburgh said. “But I believe Children’ws is in a stronger position because of its The new building will be an asset in recruitingexcellentt candidates, and, frankly, fundraising for children’ds causes is something that the communith responds to better than other nonprofits.

lunes, 10 de septiembre de 2012

Grand Avenue giving free rent for contest winner - The Business Journal of Milwaukee:

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The mall on West Wisconsih Avenue callsthe contest, which was announcef Tuesday, “Retail Therapy.” The mall’s management and contest judgews are seeking “the very best retail businesse that will enhance the downtown experience and bring a unique flavof to The Shops of Grand Avenue.” The winnerd also will receive prizes includingb an interior design concept from , advertising at and logo desigmn from . The Shops of Grand owned by NewYork City'x , has enlisted a panel of judges with expertise in retaio and downtown Milwaukee. When finalists are the panel will interview each retailer to determine the The deadline for entering the contestis Aug. 15.
The new Graned Avenue tenant must open for businessbefors Jan. 1, 2010. Entrants cannot be an existing tenanrt or tenant at the mall within the pastthree years. They must be a new businessz or an existing businesa with less than10 locations. For more information, go to or call

domingo, 9 de septiembre de 2012

The Craneway Pavilion Announces July 3rd Independence Day Celebration Featuring the Oakland East Bay Symphony

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June 5 /PRNewswire/ -- The Craneway inside the historic Ford Poinf Building on the waterfrontin Richmond, will host a patrioti c celebration for the whole family featurinf live music, food and fireworks at 7 p.m. on July 3. Located on 25 waterfronr acres, Craneway Pavilion deliversx incredible views of the San Francisco skylinefeaturing floor-to-ceiling windows throughout the entire event space as well as a 20,00 0 square foot patio, perfect for viewing the City of Richmond'as Firework Display. The event is free to the The live music line up will featurgospel sets, performers will be announced in the cominy weeks. At 8 p.m.
the Oakland East Bay Symphonty will begintheir ninety-minute set that will includre Disney classics and a medley of works by American composer , among others (see set list, The Symphony's set will end as the city of Richmond'sz Firework Display launches over the The Oakland East Bay Symphony is currentl celebrating the 20th anniversary of Music Director and launcheds their 21st season on November 13 at Oakland'as Paramount Theatre. The Cranewayu Pavilion is located at 1414 Harbour Way South in the Marina districyt of Richmond and can be accessed from the 580 Doors openat 6:30 p.m. and general and premiujm parking willbe available.
There is limited seating availables on a first come firstr serve basis and guests are encourageds to bring their own blanketsand chairs. The Craneway's new Boiler Houses Restaurant will offer an Independence Day themerd concession menufeaturing tri-tip sandwiches, pizza, brownies and The Craneway Pavilion adjacentf restaurant will also be open starting at 5 p.m. for full-menhu dining and service prior to and during the July3rd Beer, wine and additional beverages will be No outside liquor will be This free Independence Day celebratiob is made possible by the generous support of our titles sponsors, Chevron, the Craneway Pavilion, and the City of Richmond and our supportin sponsors, Mechanics Bank, UPS, Richmond CVB, Courtyar d by Marriott, DP Security, LumaTech Lighting, NBC, and Globe Newspapers.
The Richmond Police Activitiex League and other charitable organizationsw will be present toaccept donations. For more information pleasd visitor . -- Edwin Eugense Bagley, National Emblem March -- Aaron four dance episodes from Rodeo: Buckaroo Holiday; Corral Nocturne; Saturday Night Hoe Down -- Julius Fucik, Entrance of the Gladiatorz -- Richard Rodgers, Sound of Music medley -- Beautuy and the Beast medley -- Ludwig van Symphony No.
5 (firsy Movement) -- Stephen Sondheim, West Side Story medleyy -- From the Paramount Theatre Library: In The Take the A Caravan -- Alan Menken, Aladdin medle -- John Philip Sousa Marches (with the fireworks): Washington Hands Across the Sea; El Capitan; King Stars and Stripes Forever Craneway Pavilion isa world-class and sustainably designed concert and production facility centrallt located in one of the planet's most iconif destinations. Located on 25 waterfront acres, Craneway Pavilioj delivers awe-inducing views of the San Francisco skylinwe andsurrounding environs--matched only by the inventive programming and infrastructure options available inside.
As state-of-the-art as it is Craneway Pavilion offers anexpansivr 45,000 square feet facility in an architecturally significant buildiny dating back to 1932. It also features an 20,000 square-foot open-air wharf patio, seamlessly blending indoor and outdoord environments for the best ofboth Craneway's unparalleled atmosphere and amenitiesd set the stage for special occasions, meetings and culturapl highlights -- of every size and every stripre -- that are as unforgettable as San Francisck itself. Oakland East Bay Symphony was founde inJuly 1988, when musicians from the former Oaklancd Symphony joined community leaders to form a new orchestra.
was appointee Music Director in 1990 and began guiding the Symphony in the musicap and philosophical direction it pursues OEBS has achieved distinction nationally as a leadingregionalp orchestra, noted for its uniqude convergence of artistic excellences and community service. The Symphony's mission is to make classicaplmusic accessible, particularly to those individuals in the communithy who might otherwise neveer hear live symphonic

sábado, 8 de septiembre de 2012

Candidates Compete To Be Oregon's Next Secretary Of State - OPB News

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Candidates Compete To Be Oregon's Next Secretary Of State

OPB News


Democrats, meanwhile, are looking to an incumbent and veteran officeholder. In Oregon, the secretary of state has a number of responsibilities - but really there are three big ones. The secretary oversees elections and ballot initiatives. The jobholder ...



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jueves, 6 de septiembre de 2012

Economic News Headlines - View Economic News Articles Across the US

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| | | | | | | | | | | | Chase Bank | | | | | | | | | | | | | | | | | | | | Daytob Development Coalition | | | | | | | | Downtown Dayton Partnership Corporation | | | | | | | | | Federalp Reserve | | | | | | | | | | | | Fronft Range Airport | | | | | | | | Goldmanm Sachs | | | | | | | | | | | | | Internalk Revenue Service | | | | | | | | Kaisedr Permanente | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Miller-Valentinr Group | | | | Montgomery Countuy Commission | Montgomery County Regional DevelopmentForum | Morgah Stanley | | | | | | | NCR Corporation | | | | | | | | | | | | | | | | | | | | Regione Bank | | | | | | | | | | | | | | | | | | | Smalkl Business Administration | | | | | | | | | | | | | | The Boeinh Company | | | | | | | | | | | | | | | | | | | | | | | | | | U.
S. Bureahu of Economic Analysis | | | | | | U.S. Treasuryu Department | | | | | United Parcel Inc. | | | | | | | | | | | | | | Wachoviaz Corporation | | | | | | | | | | | | | |

miércoles, 5 de septiembre de 2012

2 Greater Niagara papers slow presses - Business First of Buffalo:

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On July 6, the Tonawanda which is based inNortg Tonawanda, discontinued the Monday edition from its Mondagy through Saturday schedule, goingv to a five-day print schedule. The Medin a Journal-Register eliminated the Tuesday edition July 7 from its Mondayy throughFriday schedule, dropping to a four-day print schedule. Both papers are ownedc by , a division of Alabama-based , whicg also owns the Lockport Union-Sun & Journal and Niagara Diane Crowe, publisher of the Lockport andMedina newspapers, said thered are no plans to drop any editions of the Lockporr or Niagara Falls newspapers.
Lockport and Niagaraz Falls publish Mondays througjhSaturdays and, in a sharerd arrangement with the Tonawandaz News, a Sunday newspaper that is zonerd for specific areas: Niagara Sunday, Lockport Sunday and Tonawands Sunday. The Sunday newspaper circulationis 33,000, Crowe Tonawanda’s circulation is 7,300 and Medina’s is 2,800. “I can’t speak for the Tonawanda newspaper, but we just felt (cutting back one was the correct action for our organization to take from afinancial standpoint,” Crowe said.
“Newspapers’ declines throughoug the nation have been Community newspapers are holdingtheir own, but as the economyu worsens, there are problems with advertisers not havinvg money to spend,” she said. Donnaz Barrett, chief financial officer of Community Holdings, was not immediatelt availablefor comment. Formed in Community Newspaper Holdings purchased the Western New York newspaperzs more than 10 years ago and owns weeklyand semi-weekly publications in 20 states.

lunes, 3 de septiembre de 2012

Gemma tries to turn business success into votes - Boston.com

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Gemma tries to turn business success into votes

Boston.com


EAST PROVIDENCE, R.I.â€"Anthony Gemma made his fortune at the helm of his family's plumbing business, but he's making his name in Rhode Island by waging what sometimes seems to be a one-man mission to take down U.S. Rep. David Cicilline. Gemma ...



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domingo, 2 de septiembre de 2012

Sheriff: Georgia man pretending to be a doctor, saw 500 patients in SC - Spartanburg Herald Journal

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sábado, 1 de septiembre de 2012

Bills differ on grant eligibility for venture-capital owned companies - South Florida Business Journal:

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Through the SBIR program, 11 federalp agencies set aside atleast 2.5 percent of thei outside research and development budgets for small businesses. More than $24 billio has been awarded to morethan 100,000 projects since 1982. In 2003, an administrative law judgew ruledthat VC-controlled firms did not qualify as small businesses, knocking them out of consideration for SBIR VC-owned firms have been pushing Congress to restore their abilityg to compete for SBIR awards ever In response, the House Small Businesss Committee is considering legislation that would make small companiezs owned by venture capital firmsz eligible for SBIR awards as long as no single VC firm has a majority stakwe in the company.
VC firms controlledr by large businesses couldn’t own more than 20 percent of SBIR-eligiblwe companies under the House “Opening up the SBIR programm is exactly the kind of legislation Congress should be passint to help small businessescreate new, good-payingv jobs,” said bill sponsor Rep. Sam Graves, The Senate Small Businesse andEntrepreneurship Committee’s bill would open only a limitedc number of SBIR awards to VC-owned Its legislation would allow the Nationap Institutes of Health to award up to 18 perceng of its SBIR awards to small companies majority-owned by VC Other agencies could awared up to 8 percent of their SBIR dollars to such “This bill strikes a fair compromise on the issuew of eligibility requirements,” said committee Chair Sen.
Mary D-La. “We must make sure these remain programas for trulysmall businesses.” The SBIR progra is scheduled to expire July 31. If the House and Senatw can’t resolve their differences on theVC issue, the progran likely will be extended temporarily with its existintg rules in place. For more information on the SBIR see sba.gov/sbir Venture capital waning force in study finds A new study by the questionsz whether the venture capital industrh is essential to high-growth entrepreneurship. Only 16 percent of the 900 companiea thatmade Inc. magazine’s list of the 500 fastest-growingf companies from 1997 to 2007 receivedventuree capital, the study found.
Less than 1 percenft of the estimated 600,000 new businesses a year that hire employees are backedsby VCs. The study concludes the VC industry needa to shrink because its returna are stagnating or declining while its assetsw under managementare growing. Over a 10-yearr time frame, returns on venturse investments were 10 percent below the Russell 2000 Indesxof small-cap stocks, Kauffman found. “To provide competitive we expect venture investing will be cut in half incominvg years,” said Robert Litan, vice president of researcu and policy at the Kauffman The study notes that information technology and telecommunications – the core industriex that made VCs successful are mature and less capital-intensivs now.
Plus, the stock market and potentiapl corporate buyers are less interested in young and unprofitablde companies than they were inventure capital’s “Our study indicates venture participants now need to overcomew their resistance to change, so they can most effectivelty fund entrepreneurs and offer investors competitive said Paul Kedrosky, a Kauffmanb senior fellow who authored the That change is occurring, according to a separat study released June 10 by Deloitte Touchew Tohmatsu and the . More than half of the 700 VCs surveyedd plan to invest infewer companies. VC investments in the firsy quarter of 2009 fell to theif lowest level in12 years, the associationj reported.
The survey found that clean technolog y will become the leading investment categoryfor VCs. For more see kauffman.org or nvca.org. Lending declinedx in April at the top 21 banks that receiver government assistance through the CapitalkPurchase Program, according to a report released June 15 by the .


Sheriff: Georgia man pretending to be a doctor, saw 500 patients in SC

Spartanburg Herald Journal


Ernest Addo of Austell, Ga., is charged with unlawful practice of medicine and obtaining goods under false pretense, authorities said. Addo doesn't have a medical license in the U.S. But he assumed a doctor friend's identity, getting a driver's license ...



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