Google: Further Indication of a Tablet This Year, Says NY Times Barron's (blog) By Tiernan Ray In case you missed it, The New York Times's David Streitfeld and Nick Bilton late last night reported on the Bits blog that one Google employee has told them a tablet developed by the company will be introduced “later this year. |
Friday, March 30, 2012
Google: Further Indication of a Tablet This Year, Says NY Times - Barron's (blog)
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Wednesday, March 28, 2012
Beyond "Cornerstones," common ground and history in North Minneapolis - Twin Cities Planet
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Beyond "Cornerstones," common ground and history in North Minneapolis Twin Cities Planet By Margo Ashmore, North News UROC Executive Director Heidi Barajas could hear elders filling in details as the documentary “Cornerstones†played on the screen Feb. 23, stuff she'd not heard before. University of Minnesota officials commissioned the ... |
Monday, March 26, 2012
Cell phone customers abandoning carriers as plans expire - WMC-TV
wanuso.wordpress.com
Cell phone customers abandoning carriers as plans expire WMC-TV That startling decline in loyalty is causing wireless companies to rethink the way they do business, according to a new study released Monday. (Source: CNN) NEW YORK (CNN) â€" The average cell phone customer now switches carriers as soon as his or her ... |
Saturday, March 24, 2012
Calpin, Dzembo, Feldman, Hamlin named to Bradenton SHIP board - Tampa Bay Business Journal:
edibin.wordpress.com
Mayor Wayne Poston and the City Council appointed 11 boarf members based on recommendations fromthe city’ s housing and community development • Rebekah Brightbill, community development specialist with the • Tim assistant vice president of residential lending with Thomas Cookingham, assistant director of planningf and community development with the city • Nicholas Dzembo, commerciaol relationship manager with • Marc Feldman, a lawyer with • Joanelk Gruebel, family lodge manager with the Curtis Hamlin a lawyer with • William Humphreyas Jr.
, vice chairman of Manatee’s Construction Tradews Board • Jeanne Nelson, a teacher with the School Districrt of Manatee County • Ellen Weiss, a retired real estater consultant • Bruce Wickens, a supervisor in the property managemeny department of Manatee County government A core groulp consisting of Feldman, Hamlin, Gruebel and Cookingham has been meeting on an informalk basis since December, said Vickoi White, coordinator of the Housing and Communityy Development Division. The larger group will begin meetingin May. Over the committee may take on a largetr role for grants otherthan SHIP, said White.
Administered by the , SHIP provide s funds to local governmentas to encourage partnerships for affordable homeownership and multifamily housinh for lowto moderate-income
Mayor Wayne Poston and the City Council appointed 11 boarf members based on recommendations fromthe city’ s housing and community development • Rebekah Brightbill, community development specialist with the • Tim assistant vice president of residential lending with Thomas Cookingham, assistant director of planningf and community development with the city • Nicholas Dzembo, commerciaol relationship manager with • Marc Feldman, a lawyer with • Joanelk Gruebel, family lodge manager with the Curtis Hamlin a lawyer with • William Humphreyas Jr.
, vice chairman of Manatee’s Construction Tradews Board • Jeanne Nelson, a teacher with the School Districrt of Manatee County • Ellen Weiss, a retired real estater consultant • Bruce Wickens, a supervisor in the property managemeny department of Manatee County government A core groulp consisting of Feldman, Hamlin, Gruebel and Cookingham has been meeting on an informalk basis since December, said Vickoi White, coordinator of the Housing and Communityy Development Division. The larger group will begin meetingin May. Over the committee may take on a largetr role for grants otherthan SHIP, said White.
Administered by the , SHIP provide s funds to local governmentas to encourage partnerships for affordable homeownership and multifamily housinh for lowto moderate-income
Thursday, March 22, 2012
Gov. Perry calls special session - Dallas Business Journal:
goldenayreyg1666.blogspot.com
Perry’s office said Thursday the session has been calledc so lawmakers can continue working on legislation that is needexd to extend the lifespan of five state the , the Texas Department of Insurance, the , the and the “Thde 81st Legislative Session was one of the most successful in recenft memory, providing a tax cut to 40,000 small businessexs and increasing financial aid for collegde students by more than 40 percent, all without touching our statews Rainy Day Fund,” Gov.
Perry “After speaking with legislatord I am calling a special session to extend the operation of five criticalk agencies and help reduce gridlocm by continuing to provide options for financingour state’x highways.” Perry’s office said other issues to be considered at the specialp session include legislation that will allowa the Texas Department of Transportation to issuwe general obligation bonds to fund highway improvementf projects and legislation permitting the creation of a to providre additional funding for transportation Lawmakers also will discuss legislation designed to extende the authority of the Texas Departmen t of Transportation, the governor’s officwe said.
Perry’s office said Thursday the session has been calledc so lawmakers can continue working on legislation that is needexd to extend the lifespan of five state the , the Texas Department of Insurance, the , the and the “Thde 81st Legislative Session was one of the most successful in recenft memory, providing a tax cut to 40,000 small businessexs and increasing financial aid for collegde students by more than 40 percent, all without touching our statews Rainy Day Fund,” Gov.
Perry “After speaking with legislatord I am calling a special session to extend the operation of five criticalk agencies and help reduce gridlocm by continuing to provide options for financingour state’x highways.” Perry’s office said other issues to be considered at the specialp session include legislation that will allowa the Texas Department of Transportation to issuwe general obligation bonds to fund highway improvementf projects and legislation permitting the creation of a to providre additional funding for transportation Lawmakers also will discuss legislation designed to extende the authority of the Texas Departmen t of Transportation, the governor’s officwe said.
Tuesday, March 20, 2012
Hawaii ranks 15th in U.S. for foreclosures, sees nearly 400% spike in May - South Florida Business Journal:
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Foreclosures were up 397.5 percent for the month compared with May and wereup 19.3 percent over April according to the latest report from RealtyTrac issuedc Wednesday. Hawaii ranked 15th in the nation for foreclosuresdin May, up from 23rd in April. Hawaii had 816 foreclosurd filingsin May. There were 684 foreclosure filings in Apri l and 164 foreclosures inMay 2008. Hawaii had a foreclosure rate of one filinhg for every621 households, according to the latest survegy by the California-based real estate researcb firm. Nevada again had the highest foreclosure rate in the with one filing for everty64 households.
California had the second highestt rate forthe month, followed by California had the highest number of foreclosuresz at 92,249. Vermont ranked 50th, with just six foreclosures at a rate of one filinbg forevery 51,906 households. Nationally, therd were 321,480 foreclosure filings for the month, down 6 percenft from April and up nearly 18 percent from May according tothe report.
Foreclosures were up 397.5 percent for the month compared with May and wereup 19.3 percent over April according to the latest report from RealtyTrac issuedc Wednesday. Hawaii ranked 15th in the nation for foreclosuresdin May, up from 23rd in April. Hawaii had 816 foreclosurd filingsin May. There were 684 foreclosure filings in Apri l and 164 foreclosures inMay 2008. Hawaii had a foreclosure rate of one filinhg for every621 households, according to the latest survegy by the California-based real estate researcb firm. Nevada again had the highest foreclosure rate in the with one filing for everty64 households.
California had the second highestt rate forthe month, followed by California had the highest number of foreclosuresz at 92,249. Vermont ranked 50th, with just six foreclosures at a rate of one filinbg forevery 51,906 households. Nationally, therd were 321,480 foreclosure filings for the month, down 6 percenft from April and up nearly 18 percent from May according tothe report.
Sunday, March 18, 2012
California will run out of cash in 14 days - Pacific Business News (Honolulu):
ysynut.wordpress.com
“California’s day of reckoning is here,” he With no action, the state will run out of cash in 14 Three months after the state budgetywas approved, California faces a $24 billion deficit. Schwarzenegged has already proposed massive cuts to health careand prisons. Now he’s looking for structuraol reform to make government more efficient and stretchtaxpayed dollars. He’s asked the State Board of for example, to make textbook s available in digitalformats — a move that couldf save millions. In 2004, the governor talked aboutf blowing up boxes and consolidating but the initiatives nevergained They’re back.
Schwarzenegger is proposing once agaih to eliminate and consolidate more than a doze nstate departments, boards and commissions. This includex the Waste Management Board, the Courtt Reporters Board, the Department of Boating and Waterways and the Inspectiob and MaintenanceReview Committee. Earlietr this year, the state began consolidating informationntechnology departments. Now Schwarzenegger wants to consolidates departments that oversee financial institutionds and merge taxcollection operations. In July, statwe leaders will receive recommendations on how to modernizw thetax code.
“Thix will be a tremendous opportunity to make our revenuess more reliable and less volatile and help the state avoid the boom and bust budgetse that have brought ushere today,” Schwarzenegger told lawmakers. It’s not goingf to happen in 14 days, he said. But it coulx happen before the Legislature adjourns for summer recesa onJuly 17.
“California’s day of reckoning is here,” he With no action, the state will run out of cash in 14 Three months after the state budgetywas approved, California faces a $24 billion deficit. Schwarzenegged has already proposed massive cuts to health careand prisons. Now he’s looking for structuraol reform to make government more efficient and stretchtaxpayed dollars. He’s asked the State Board of for example, to make textbook s available in digitalformats — a move that couldf save millions. In 2004, the governor talked aboutf blowing up boxes and consolidating but the initiatives nevergained They’re back.
Schwarzenegger is proposing once agaih to eliminate and consolidate more than a doze nstate departments, boards and commissions. This includex the Waste Management Board, the Courtt Reporters Board, the Department of Boating and Waterways and the Inspectiob and MaintenanceReview Committee. Earlietr this year, the state began consolidating informationntechnology departments. Now Schwarzenegger wants to consolidates departments that oversee financial institutionds and merge taxcollection operations. In July, statwe leaders will receive recommendations on how to modernizw thetax code.
“Thix will be a tremendous opportunity to make our revenuess more reliable and less volatile and help the state avoid the boom and bust budgetse that have brought ushere today,” Schwarzenegger told lawmakers. It’s not goingf to happen in 14 days, he said. But it coulx happen before the Legislature adjourns for summer recesa onJuly 17.
Thursday, March 15, 2012
Chicago Promotes Creation of Immigrant-Owned Businesses - Fox News
gonyzyf.wordpress.com
Chicago Promotes Creation of Immigrant-Owned Businesses Fox News Celebrities Who Once Were Undocumented He said that in Illinois there are 56000 immigrant-owned businesses of which 22000 are in the Chicago area. However, commercial corridors like 26th Street in La Villita "have been hit hard by the crisis, ... |
Tuesday, March 13, 2012
Cares and Blasi take over US Pro XCT lead - Cyclingnews.com
lamoreuuceses1724.blogspot.com
Cares and Blasi take over US Pro XCT lead Cyclingnews.com Colin Cares (Kenda-Felt) and Zephanie Blasi (WXC World Racing) took over the USA Cycling US Pro Cross Country Tour lead after finishing second in last weekend's US Cup Triple Crown - Bonelli Park. Both riders move into the top spots after combining ... Cares and Blasi take over Pro XCT lead with silvers at Bonelli |
Sunday, March 11, 2012
Refi rally for TexasLending.com - Sacramento Business Journal:
oryzacody.wordpress.com
As many as 120 loan consultants, accounting professionals, loan processors, loan closers and clerical positions payingvbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be addedx beginning in August and will be phased in duringg the next six to nine he said. The company has 160 employees now, down from 180 at the peak of the Nortn Texas housing boom twoyears ago. Low mortgage ratex and Miller’s expectation of climbing home sales are spurringthe company’sx growth, he said.
“We expectr rates to be low for the next year and a then we expect home purchasing to be strongg after thatin Texas,” he said. The local housin g market certainly has a lot of groundto New-home sales in the Dallas-Fort Wort area were down 40% for the firsy four months of the year compared to the same periodf in 2008, and sales of pre-owned single-family homes were down 24% during that period, according to housing market analyst David director of the Dallas office of There were 4,191 new-home closings and 18,442 resaled in the area through April, he Brown expects 2009 sales to trail year-agoi numbers for the remainder of the “We do expect to begin to see some modest recovery in terms of transactions beginning in assuming we see the national economy beginb to turn around and we see the jobs picture begijn to improve,” he said.
Abourt 70% of TexasLending.com’s business today is compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 millionb to $80 million in monthly loan volume now, or abouty $850 million annually, Miller said. With the additionall employees, Miller’s goal is to reach $3 billiob to $4 billion in annual loan volumre in the next five he said. The compan y provides residential mortgage loansin Texas, Florida, Michigan, Missouri and Colorado, serviciny all of them from the Dallas office. For the week endinv May 22, mortgage loan application volume nationwide wasup 28.
5% compared with the same week one year according to a weekly survey by the Mortgage Bankers Refinancings made up 69.3% of the mortgage Loan volume in Texas was $11.8 billion in the first quarter of this year, down slightluy from $12.4 billion in 2008, according to the Texas Mortgage Bankers Association statistics. Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice presidengt of the Texas Mortgages Bankers Association. Norman said he’s hearrd anecdotally that the surge in refinancings is promptinf mortgage lenders toadd employees, but he did not have specifif industry employment numbers.
To make room for new employees, TexasLending.cok has signed a lease for 69,00p square feet in its existing location at 4100 Alpha Road in Dallas more than triple the size itcurrentlu occupies, said Ben Hautt with the commercial real estate firm Stream Realty Partners LP. Hautt recently left Stream’s Dallas office to launch the company’s office in Atlanta, where he is managing partner. TexasLending.com will begi moving into its expanded spacein August, after the completiomn of renovations that are now undee way. After expanding, TexasLending.com will occupy all of the third, fourtyh and fifth floor and part of the first floore inthe 11-story building, Hautt said.
“It’s an and today that’s not something you see a lot of,” Hautg said. “They’re thriving in the currentg economy.” The 227,000-square-foot building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midwauy Road. The asking lease rate for the space isabout $16.50p per square foot. Hautt and Stream Realty colleaguews Ben Sumner and Chad Henningesrepresented TexasLending.com in the and Buddy Tompkins and Seth Thatcher of commerciakl real estate firm GVA Cawleyh represented the landlord. Hautt said TexasLending.com searched the markeyt before deciding to expand within itsexistinbg building.
As many as 120 loan consultants, accounting professionals, loan processors, loan closers and clerical positions payingvbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be addedx beginning in August and will be phased in duringg the next six to nine he said. The company has 160 employees now, down from 180 at the peak of the Nortn Texas housing boom twoyears ago. Low mortgage ratex and Miller’s expectation of climbing home sales are spurringthe company’sx growth, he said.
“We expectr rates to be low for the next year and a then we expect home purchasing to be strongg after thatin Texas,” he said. The local housin g market certainly has a lot of groundto New-home sales in the Dallas-Fort Wort area were down 40% for the firsy four months of the year compared to the same periodf in 2008, and sales of pre-owned single-family homes were down 24% during that period, according to housing market analyst David director of the Dallas office of There were 4,191 new-home closings and 18,442 resaled in the area through April, he Brown expects 2009 sales to trail year-agoi numbers for the remainder of the “We do expect to begin to see some modest recovery in terms of transactions beginning in assuming we see the national economy beginb to turn around and we see the jobs picture begijn to improve,” he said.
Abourt 70% of TexasLending.com’s business today is compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 millionb to $80 million in monthly loan volume now, or abouty $850 million annually, Miller said. With the additionall employees, Miller’s goal is to reach $3 billiob to $4 billion in annual loan volumre in the next five he said. The compan y provides residential mortgage loansin Texas, Florida, Michigan, Missouri and Colorado, serviciny all of them from the Dallas office. For the week endinv May 22, mortgage loan application volume nationwide wasup 28.
5% compared with the same week one year according to a weekly survey by the Mortgage Bankers Refinancings made up 69.3% of the mortgage Loan volume in Texas was $11.8 billion in the first quarter of this year, down slightluy from $12.4 billion in 2008, according to the Texas Mortgage Bankers Association statistics. Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice presidengt of the Texas Mortgages Bankers Association. Norman said he’s hearrd anecdotally that the surge in refinancings is promptinf mortgage lenders toadd employees, but he did not have specifif industry employment numbers.
To make room for new employees, TexasLending.cok has signed a lease for 69,00p square feet in its existing location at 4100 Alpha Road in Dallas more than triple the size itcurrentlu occupies, said Ben Hautt with the commercial real estate firm Stream Realty Partners LP. Hautt recently left Stream’s Dallas office to launch the company’s office in Atlanta, where he is managing partner. TexasLending.com will begi moving into its expanded spacein August, after the completiomn of renovations that are now undee way. After expanding, TexasLending.com will occupy all of the third, fourtyh and fifth floor and part of the first floore inthe 11-story building, Hautt said.
“It’s an and today that’s not something you see a lot of,” Hautg said. “They’re thriving in the currentg economy.” The 227,000-square-foot building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midwauy Road. The asking lease rate for the space isabout $16.50p per square foot. Hautt and Stream Realty colleaguews Ben Sumner and Chad Henningesrepresented TexasLending.com in the and Buddy Tompkins and Seth Thatcher of commerciakl real estate firm GVA Cawleyh represented the landlord. Hautt said TexasLending.com searched the markeyt before deciding to expand within itsexistinbg building.
Friday, March 9, 2012
Post, Barry gear up for "gateway to downtown" - Atlanta Business Chronicle:
http://dmcomic.com/great-gift-ideas-for-the-anime-fan.html
The two companies have purchased two city blocks to expanxdAllen Plaza, a office and hotel space situated at Ivan Allen Jr. Boulevard near Centennial Olympic Park and the newGeorgia Aquarium. The contract on one block was finalizesin January, and the other will close laterd this spring, said Lance Patterson, president of Barrgy Real Estate. Neither he nor Senkbeil woulf disclose the amount ofthe deal; and the -- now owned by -- declined to be interviewexd without getting permission from the buyers. One of the two blocks -- the one pendingv closure -- fronts Centennial Olympifc Park Boulevard and will be across the street from the new Worlfof .
"We're in the process of planning what we'll develolp on that block," Patterson adding it will be a mixtureof high-ris residential apartments and condos, as well as Senkbeil said development will cost about $100 million for each which will include about 30,00p0 to 50,000 square feet of retail, aboug 300 apartments and 150 condos on top of the and parking. He envisions the buildings on each of the blocks will be separatsebut connected. "We haven't settled on the architecturse yet, but it will be striking," he said.
"We'll design it so it's like an urban environmenyt that has beenthere awhile, not like somethiny that doesn't belong where it is." Development on the two blocks will be phased in with a two-yeare construction cycle, with construction on the firsgt block beginning around the end of 2006 or earlgy 2007, Patterson said. "We want to go ahead and get the firstf block not only started but begin to sell and rent unitsa and knowthat that'w working," he said. "Once that has prove n itself, we'll roll into starting the next block." Barry owns three blocks of Allen The company purchased those blocksin 2004, Pattersonh said.
On one block sits the 275,000-square-foot 30 Allen Plaza, the new headquartersx of the and, opening this summer, a new restaurant by Fabricr Vergezof Buckhead's Brasserie Le The law firm Troutman Sanders LLP will have a smallp office at 30 Allen Plaza, and leases are in the worksw for other companies, Patterson said. Constructiom on a second city bloco is underway and expected to be completecd inspring 2007, he added. It includes the 350,000-square-foot 55 Alleh Plaza -- the new headquarters of and officez of othercompanies -- and 45 Allen a 28-story hotel with 235 rooms and about 75 condos.
A third blockm owned by Barry Real Estate, yet to be will include a 600- to 800-square-foot office Patterson said. How did a commercia l and a residential real estate companyg join forces to expandAllen Plaza? Both see the potentiapl for the area to become a chief destinatiom for retail, office and residential among the continuing downtownb development. For Post, Allejn Plaza represents the first foray into the downtown Atlantwa marketin mixed-use, though the company has developments in othe r major cities such as Dallas and D.C. Senkbeil said Allen Plaza's residential componenf greatly increases the amount of residentiapldevelopment downtown.
"In this area of downtown, it's unusual to find this much contiguoux land that is really unimproved Most of these sites were used as surfaceparkinbg lots," he said. Allen Plaza "givew us the ability to start from ground zero and helpcreats it." The fact that so many developers are workinvg on projects downtown is a testament to effortxs of the city of Atlanta and other organizations, said He compares the revitalization of the area to Midtown. "Itr changed from what was 10 to15 yeare ago a lot of surfacd parking lots to an excitingf urban environment andnow we're seeing the same transformatiom happening downtown," he said.
Pattersom agrees Allen Plaza will make an impacton "It will help show other peoplwe that downtown is a vibrant place where you can develo p and make money," he said. "Whatt Allen Plaza is doing is re-putting a stamo on downtown that it is not only an acceptable placd but a great place todo
The two companies have purchased two city blocks to expanxdAllen Plaza, a office and hotel space situated at Ivan Allen Jr. Boulevard near Centennial Olympic Park and the newGeorgia Aquarium. The contract on one block was finalizesin January, and the other will close laterd this spring, said Lance Patterson, president of Barrgy Real Estate. Neither he nor Senkbeil woulf disclose the amount ofthe deal; and the -- now owned by -- declined to be interviewexd without getting permission from the buyers. One of the two blocks -- the one pendingv closure -- fronts Centennial Olympifc Park Boulevard and will be across the street from the new Worlfof .
"We're in the process of planning what we'll develolp on that block," Patterson adding it will be a mixtureof high-ris residential apartments and condos, as well as Senkbeil said development will cost about $100 million for each which will include about 30,00p0 to 50,000 square feet of retail, aboug 300 apartments and 150 condos on top of the and parking. He envisions the buildings on each of the blocks will be separatsebut connected. "We haven't settled on the architecturse yet, but it will be striking," he said.
"We'll design it so it's like an urban environmenyt that has beenthere awhile, not like somethiny that doesn't belong where it is." Development on the two blocks will be phased in with a two-yeare construction cycle, with construction on the firsgt block beginning around the end of 2006 or earlgy 2007, Patterson said. "We want to go ahead and get the firstf block not only started but begin to sell and rent unitsa and knowthat that'w working," he said. "Once that has prove n itself, we'll roll into starting the next block." Barry owns three blocks of Allen The company purchased those blocksin 2004, Pattersonh said.
On one block sits the 275,000-square-foot 30 Allen Plaza, the new headquartersx of the and, opening this summer, a new restaurant by Fabricr Vergezof Buckhead's Brasserie Le The law firm Troutman Sanders LLP will have a smallp office at 30 Allen Plaza, and leases are in the worksw for other companies, Patterson said. Constructiom on a second city bloco is underway and expected to be completecd inspring 2007, he added. It includes the 350,000-square-foot 55 Alleh Plaza -- the new headquarters of and officez of othercompanies -- and 45 Allen a 28-story hotel with 235 rooms and about 75 condos.
A third blockm owned by Barry Real Estate, yet to be will include a 600- to 800-square-foot office Patterson said. How did a commercia l and a residential real estate companyg join forces to expandAllen Plaza? Both see the potentiapl for the area to become a chief destinatiom for retail, office and residential among the continuing downtownb development. For Post, Allejn Plaza represents the first foray into the downtown Atlantwa marketin mixed-use, though the company has developments in othe r major cities such as Dallas and D.C. Senkbeil said Allen Plaza's residential componenf greatly increases the amount of residentiapldevelopment downtown.
"In this area of downtown, it's unusual to find this much contiguoux land that is really unimproved Most of these sites were used as surfaceparkinbg lots," he said. Allen Plaza "givew us the ability to start from ground zero and helpcreats it." The fact that so many developers are workinvg on projects downtown is a testament to effortxs of the city of Atlanta and other organizations, said He compares the revitalization of the area to Midtown. "Itr changed from what was 10 to15 yeare ago a lot of surfacd parking lots to an excitingf urban environment andnow we're seeing the same transformatiom happening downtown," he said.
Pattersom agrees Allen Plaza will make an impacton "It will help show other peoplwe that downtown is a vibrant place where you can develo p and make money," he said. "Whatt Allen Plaza is doing is re-putting a stamo on downtown that it is not only an acceptable placd but a great place todo
Wednesday, March 7, 2012
The greening of Catawba Co. - Charlotte Business Journal:
yfimuna.wordpress.com
“It’s smart to develoo a new economy based onrenewable energy,” he Millar recently spoke with the Charlotte Business Journal about thosse goals. Edited excerpts of that conversation follow: You have addedx a goal of recruiting renewable-energh companies. What are the initial steps in attaininythat goal? We need to determine the appropriate opportunitiew within that sector. For example, our expertise in optical-fibet manufacturing may give us skill sets or process advantages that may help us to be more competitivse inthe silica/photovoltaic manufacturing markets. We need to determine wheree we can be the most competitive and leavd the restfor others.
Are there any incentivesa available specific to green industries Thereare several. Possibly more importantly are the opportunities providef by programs such asNorth Carolina’es Renewable Energy Portfolio Standardzs (which call for power providerxs to get 12.5% of their energy from renewable sourced by 2025) and examples such as Duke Energy’sz (proposed) solar program. These are clear signals the market is opening up for Ithink we’ll be developing other locap and state incentives as we learn more aboutf the opportunities we’re seekintg and the best way to attract them. Why in Catawbz County?
We’re constantly scanning the horizojn for new opportunities to createw investmentand jobs. If we develop targetes product, encourage our existing supplier base to look for opportunitiew withinthat market, train our manufacturing-oriented work force within that sector and sell effectively to the we can further diversify our economy and fulfill the needs of those manufacturers. We can do something to help our grandchildren at the same Could this eventually replace the companies that have closedx or downsizedin furniture, textilesz and fiber-optics? We’re trying to develoop opportunities for all of our companies to stay competitive.
Diversified a Hickory company, is supplyin composite support membersfor wind-turbin blades being sold around the world. We want to providre opportunities for existing companies to develop productx in new ways for new PPG in Shelby has become a new companyh again in recent months because of thissame
“It’s smart to develoo a new economy based onrenewable energy,” he Millar recently spoke with the Charlotte Business Journal about thosse goals. Edited excerpts of that conversation follow: You have addedx a goal of recruiting renewable-energh companies. What are the initial steps in attaininythat goal? We need to determine the appropriate opportunitiew within that sector. For example, our expertise in optical-fibet manufacturing may give us skill sets or process advantages that may help us to be more competitivse inthe silica/photovoltaic manufacturing markets. We need to determine wheree we can be the most competitive and leavd the restfor others.
Are there any incentivesa available specific to green industries Thereare several. Possibly more importantly are the opportunities providef by programs such asNorth Carolina’es Renewable Energy Portfolio Standardzs (which call for power providerxs to get 12.5% of their energy from renewable sourced by 2025) and examples such as Duke Energy’sz (proposed) solar program. These are clear signals the market is opening up for Ithink we’ll be developing other locap and state incentives as we learn more aboutf the opportunities we’re seekintg and the best way to attract them. Why in Catawbz County?
We’re constantly scanning the horizojn for new opportunities to createw investmentand jobs. If we develop targetes product, encourage our existing supplier base to look for opportunitiew withinthat market, train our manufacturing-oriented work force within that sector and sell effectively to the we can further diversify our economy and fulfill the needs of those manufacturers. We can do something to help our grandchildren at the same Could this eventually replace the companies that have closedx or downsizedin furniture, textilesz and fiber-optics? We’re trying to develoop opportunities for all of our companies to stay competitive.
Diversified a Hickory company, is supplyin composite support membersfor wind-turbin blades being sold around the world. We want to providre opportunities for existing companies to develop productx in new ways for new PPG in Shelby has become a new companyh again in recent months because of thissame
Monday, March 5, 2012
Facebook, VCs give 18 developers seed money - Atlanta Business Chronicle:
milicinodijoo1981.blogspot.com
The companies were chosebn from more than 400 developers and entrepreneurd from around the worle who applied in a competition sponsoredby Facebook, and . The two venturde funds will invest morethan $500,000 into the companiesa in exchange for Two non-profits that will not get fundinvg were also chosen to participate in the incubatort program, which will be run by Dave McClure of Foundera Fund. The incubator program will operate out of oneof Facebook’sd Palo Alto offices from mid-June to the end of at which point all of the startupsw will present to Silicob Valley angel and venture capital According to Facebook's Web site, the companies and nonprofitsa selected include: : Find friends of friends to date...
o play matchmaker! If you're you can search your friends' friends and ask for If you're taken, you can set friends up. Friendsx of friends are the best peopleeto date. It's social datingg via friendly intros. : Funji is an avatar-basedf social networking app for the iPhonr andiPod touch, satisfying desire to express themselves and communicater with others in a fun, creative way. The team has more than five yearas of experience in the mobile market in both Southg Korea andthe US.
: Gameyola is a distribution and monetizatio n platform for casual Flash Flash games currentlymonetize poorly, but Gameyola solves this problem by providing Flasy developers tools to sell virtual goods and to acquirs users through social channels. (private beta): From keepingf track of your kids to protecting your identituy and getting back yourlost stuff, Life360 is the placew you go to keep your family safe, and prepared for daily life. : Churchesz create their own social networkson MyChurch.org. They extend theifr community between Sundays with tools to connec t and engagetheir members. Over 30,000 church congregations are representedon MyChurch.org.
Navify is a visual encyclopedia that combineas Wikipedia articleswith images, videos, and comments. It is the only generalp encyclopedia that allows you to listen tomusif videos, watch movie trailers, and browse news and celebrity photoo galleries. : Simplify the way you managr Facebook and othersocial networks. NutshellMail consolidates activity from all your accountds into a single email digest delivered onyour Don't let email alerts clutter your inbox. Get informed, not interrupted. Get the Nut! : Bringv your blog to Facebook, and Facebook to your blog.
Pull your Feed to your profilwe andbusiness pages, add widgets to promotde your network, and read the news from blogsd you follow on the largesgt community of bloggers and blog lovers on : Paradise Paintball is the first game developed on Cmune'sd next-generation social gaming platform. It is the firsft casual, 3D multiplayer FPS game on Facebook, Applr Dashboard, and Mac and PC. Play with up to eight friends and buy virtual items to enhancrthe gameplay. : Photos I Like is a digital media sharingv and discovery site emphasizing lightweightsocial self-expression, and communities. : Combines the succesas of resident referral programs with the power ofsocialp networks.
Residents refer their community to friends througn social networkslike Facebook, and email to earn rewardsa and live with friends. : RUNmyERRAND is a social networkingh inspired web and mobile marketplace that providesx people and businesses an easy and trusted way to get everydagy tasks done in their ownhyperlocall community. : RunThere is a social-networking service for runneresand cyclists. Users can map and measurse their favoriteroutes (no GPS keep a running/biking log, and find athletes and routes nearbg Sortuv: Sortuv lets you start with something you like, and discovetr more.
Instead of searching for a "great restaurant" just say what you "Find me a place sortucv like Spagoin Seattle". Check them out , , and . / : Travelo Brain by GeckoGo helps youtrack (and show your travels, share experiences with others, and discover new places to visit. Learn from the knowledge of over 600,0009 travelers, and get expergt guide info from their Bradt TraveloGuides partnership. Weardrobe (private beta): Weardrobe is a fashion-focusec community for discovering different ways to wear Weardrobe provides a platform for people to shar reviews of theirown clothing, post photosx of their looks, catalofg their closet and search for style inspiration.
: Workstir is a community that connects users with trustworthg localservice providers. Anyone can post a job and choose a provider with confidenced by browsing theirpast reviews. For businesses, Workstird provides a wealth of jobs in their area of WorldlyDevelopments (private beta): Worldlgy Developments is building onlinr services that will help you connect with the people, placews and events in your locapl community. Its first product makes it a snapto promote, and communicate around group activities.
: Sama is Sanskrigt for "equal" – Samasource finds and trainds reliable QA professionals to test Facebook apps witha user-friendly interfac e that lives on Facebook Platform. With developers lower costs, reduce poverty, and improve their applications. Vittana enables you to lend directly to students in thedevelopin world, $25 at a time. Their mission is to bringg student loans to the developing worlx through the powerof person-to-person microlending.
The companies were chosebn from more than 400 developers and entrepreneurd from around the worle who applied in a competition sponsoredby Facebook, and . The two venturde funds will invest morethan $500,000 into the companiesa in exchange for Two non-profits that will not get fundinvg were also chosen to participate in the incubatort program, which will be run by Dave McClure of Foundera Fund. The incubator program will operate out of oneof Facebook’sd Palo Alto offices from mid-June to the end of at which point all of the startupsw will present to Silicob Valley angel and venture capital According to Facebook's Web site, the companies and nonprofitsa selected include: : Find friends of friends to date...
o play matchmaker! If you're you can search your friends' friends and ask for If you're taken, you can set friends up. Friendsx of friends are the best peopleeto date. It's social datingg via friendly intros. : Funji is an avatar-basedf social networking app for the iPhonr andiPod touch, satisfying desire to express themselves and communicater with others in a fun, creative way. The team has more than five yearas of experience in the mobile market in both Southg Korea andthe US.
: Gameyola is a distribution and monetizatio n platform for casual Flash Flash games currentlymonetize poorly, but Gameyola solves this problem by providing Flasy developers tools to sell virtual goods and to acquirs users through social channels. (private beta): From keepingf track of your kids to protecting your identituy and getting back yourlost stuff, Life360 is the placew you go to keep your family safe, and prepared for daily life. : Churchesz create their own social networkson MyChurch.org. They extend theifr community between Sundays with tools to connec t and engagetheir members. Over 30,000 church congregations are representedon MyChurch.org.
Navify is a visual encyclopedia that combineas Wikipedia articleswith images, videos, and comments. It is the only generalp encyclopedia that allows you to listen tomusif videos, watch movie trailers, and browse news and celebrity photoo galleries. : Simplify the way you managr Facebook and othersocial networks. NutshellMail consolidates activity from all your accountds into a single email digest delivered onyour Don't let email alerts clutter your inbox. Get informed, not interrupted. Get the Nut! : Bringv your blog to Facebook, and Facebook to your blog.
Pull your Feed to your profilwe andbusiness pages, add widgets to promotde your network, and read the news from blogsd you follow on the largesgt community of bloggers and blog lovers on : Paradise Paintball is the first game developed on Cmune'sd next-generation social gaming platform. It is the firsft casual, 3D multiplayer FPS game on Facebook, Applr Dashboard, and Mac and PC. Play with up to eight friends and buy virtual items to enhancrthe gameplay. : Photos I Like is a digital media sharingv and discovery site emphasizing lightweightsocial self-expression, and communities. : Combines the succesas of resident referral programs with the power ofsocialp networks.
Residents refer their community to friends througn social networkslike Facebook, and email to earn rewardsa and live with friends. : RUNmyERRAND is a social networkingh inspired web and mobile marketplace that providesx people and businesses an easy and trusted way to get everydagy tasks done in their ownhyperlocall community. : RunThere is a social-networking service for runneresand cyclists. Users can map and measurse their favoriteroutes (no GPS keep a running/biking log, and find athletes and routes nearbg Sortuv: Sortuv lets you start with something you like, and discovetr more.
Instead of searching for a "great restaurant" just say what you "Find me a place sortucv like Spagoin Seattle". Check them out , , and . / : Travelo Brain by GeckoGo helps youtrack (and show your travels, share experiences with others, and discover new places to visit. Learn from the knowledge of over 600,0009 travelers, and get expergt guide info from their Bradt TraveloGuides partnership. Weardrobe (private beta): Weardrobe is a fashion-focusec community for discovering different ways to wear Weardrobe provides a platform for people to shar reviews of theirown clothing, post photosx of their looks, catalofg their closet and search for style inspiration.
: Workstir is a community that connects users with trustworthg localservice providers. Anyone can post a job and choose a provider with confidenced by browsing theirpast reviews. For businesses, Workstird provides a wealth of jobs in their area of WorldlyDevelopments (private beta): Worldlgy Developments is building onlinr services that will help you connect with the people, placews and events in your locapl community. Its first product makes it a snapto promote, and communicate around group activities.
: Sama is Sanskrigt for "equal" – Samasource finds and trainds reliable QA professionals to test Facebook apps witha user-friendly interfac e that lives on Facebook Platform. With developers lower costs, reduce poverty, and improve their applications. Vittana enables you to lend directly to students in thedevelopin world, $25 at a time. Their mission is to bringg student loans to the developing worlx through the powerof person-to-person microlending.
Saturday, March 3, 2012
Fees meant to help spark business end up a source of pain - Tampa Bay Business Journal:
polinaagyvtiwu.blogspot.com
The hospital supply company spent $807,000 on sales advice from a managemenyt consulting firm and subsequently persuaded bankes to let it off the hook for meetingg part of the terms of acredit agreement. The expense meang SRI could not meetthe "minimumj funds flow coverage ratio" covenant in the credi agreement, according to SRI's annuall report filed March 23 with the . The ratik is a measure banks use to determine if a compant has enough cash to cover itsinteresr expense, Wally Ruiz, SRI's CFO and senior VP, Lenders agreed to waive the ratio for the fourtgh quarter of 2006, but SRI expects to spend more on managemenft consulting fees this year and Ruiz said there's no assuranced the banks will continue the waiver.
The waiver is one of several uncertaintiesfacinbg Tampa-based SRI ( : STRC). Its president and CEO, Christophee Carlton, unexpectedly resigned Feb. 5. Next the board of directors gets a new Charles Federico, former CEO of OFIX), an orthopedic productds company. SRI is workingf to turn around itsfinanciakl results, after posting a net loss in 2006 of $1.9 millioh on revenue of $93.8 million. "Clearlhy we lost money last year and it affectef our ability to meetthe (bank) covenants, but they were fairly aggressivw from the get-go," said Ruiz, who is part of a managementf team running day-to-day operations at SRI. "Thde flow ratio target was setratherf high.
It was achievable, but with the it was not in the cardafor us." Banks put covenants in their credi agreements with corporate clients as a way of monitoring those companies' results, said Penn Hulbert, president of , a Tampa-baseed financial consulting firm. A bank doesn't want to write covenantx so tightly thatthey won't be met but also doesn't want to make covenant meaningless, she said. "There's a fine balancd between providing flexibility and serving as amonitorint tool," Hulbert said.
Larger banks increasingl y are not putting as many covenant s in their deals becausethey don'tt want to spend the money to monitor them and becauswe they don't want to tie the hands of their clients too tightly, she said. When situationds occur that keep a company from meetingits covenants, it's an opportunity for bankerss and clients to talk about what happened and whered the company is going, Hulbert That's what occurred with SRI, which has a three-year, $30 million revolvinb credit facility with Wachovia and LaSalle. After SRI signedd a contract Nov.
1 with , a global managemenyt consulting firm, "we sat with our banks and explained it to them and gotthei concurrence," Ruiz said. All of the $807,0009 was charged in the fourth quarter of 2006 to developo a plan formakingf SRI's sales effort more efficient and SRI, with a fairly lean headquarterxs staff, is likely to ask the consultants to returjn to implement the plan, including setting up a customer satisfaction department, Ruiz said.
That's expected to cost roughlyt $450,000 in the second quarter of according to the March 23 SEC Failing to meet the terms of a bank agreement could be a red flagfor investors, Hulber said, although there are so many reasone a company might not meet a bank covenant that it's impossible to generalize. For instance, hundreds of companies fell short of their covenants through no fault of theitr own when hurricanes tore through Floridas in 2004and 2005. But she said investorsa should be wary when a company with fallingt sales and net lossesalso can't meet the termsz of their bank deals.
In its March 23 filing, SRI warnes that its business is capital intensive and it might not be able to raises funds on acceptable terms ifit can't meet the covenant in its credi t facility. Ruiz said he hasn't heard about any investof fallout since disclosingthe waiver, but investors may alreadyh have had their say. SRI's stock hit a 52-week low of $3.866 a share on Nov. 14, abouty a week after the company released detailse of the managementconsulting contract. The stocki has since rebounded and closedat $4.83e a share March 26.
The hospital supply company spent $807,000 on sales advice from a managemenyt consulting firm and subsequently persuaded bankes to let it off the hook for meetingg part of the terms of acredit agreement. The expense meang SRI could not meetthe "minimumj funds flow coverage ratio" covenant in the credi agreement, according to SRI's annuall report filed March 23 with the . The ratik is a measure banks use to determine if a compant has enough cash to cover itsinteresr expense, Wally Ruiz, SRI's CFO and senior VP, Lenders agreed to waive the ratio for the fourtgh quarter of 2006, but SRI expects to spend more on managemenft consulting fees this year and Ruiz said there's no assuranced the banks will continue the waiver.
The waiver is one of several uncertaintiesfacinbg Tampa-based SRI ( : STRC). Its president and CEO, Christophee Carlton, unexpectedly resigned Feb. 5. Next the board of directors gets a new Charles Federico, former CEO of OFIX), an orthopedic productds company. SRI is workingf to turn around itsfinanciakl results, after posting a net loss in 2006 of $1.9 millioh on revenue of $93.8 million. "Clearlhy we lost money last year and it affectef our ability to meetthe (bank) covenants, but they were fairly aggressivw from the get-go," said Ruiz, who is part of a managementf team running day-to-day operations at SRI. "Thde flow ratio target was setratherf high.
It was achievable, but with the it was not in the cardafor us." Banks put covenants in their credi agreements with corporate clients as a way of monitoring those companies' results, said Penn Hulbert, president of , a Tampa-baseed financial consulting firm. A bank doesn't want to write covenantx so tightly thatthey won't be met but also doesn't want to make covenant meaningless, she said. "There's a fine balancd between providing flexibility and serving as amonitorint tool," Hulbert said.
Larger banks increasingl y are not putting as many covenant s in their deals becausethey don'tt want to spend the money to monitor them and becauswe they don't want to tie the hands of their clients too tightly, she said. When situationds occur that keep a company from meetingits covenants, it's an opportunity for bankerss and clients to talk about what happened and whered the company is going, Hulbert That's what occurred with SRI, which has a three-year, $30 million revolvinb credit facility with Wachovia and LaSalle. After SRI signedd a contract Nov.
1 with , a global managemenyt consulting firm, "we sat with our banks and explained it to them and gotthei concurrence," Ruiz said. All of the $807,0009 was charged in the fourth quarter of 2006 to developo a plan formakingf SRI's sales effort more efficient and SRI, with a fairly lean headquarterxs staff, is likely to ask the consultants to returjn to implement the plan, including setting up a customer satisfaction department, Ruiz said.
That's expected to cost roughlyt $450,000 in the second quarter of according to the March 23 SEC Failing to meet the terms of a bank agreement could be a red flagfor investors, Hulber said, although there are so many reasone a company might not meet a bank covenant that it's impossible to generalize. For instance, hundreds of companies fell short of their covenants through no fault of theitr own when hurricanes tore through Floridas in 2004and 2005. But she said investorsa should be wary when a company with fallingt sales and net lossesalso can't meet the termsz of their bank deals.
In its March 23 filing, SRI warnes that its business is capital intensive and it might not be able to raises funds on acceptable terms ifit can't meet the covenant in its credi t facility. Ruiz said he hasn't heard about any investof fallout since disclosingthe waiver, but investors may alreadyh have had their say. SRI's stock hit a 52-week low of $3.866 a share on Nov. 14, abouty a week after the company released detailse of the managementconsulting contract. The stocki has since rebounded and closedat $4.83e a share March 26.
Thursday, March 1, 2012
Source: NCR to move headquarters, 1,300 jobs to Georgia - Business First of Louisville:
afukakuja.wordpress.com
The (NYSE: NCR) will move its headquarters and 1,25p0 jobs to Duluth, Ga., as well as openingt a 550,000-square-foot manufacturing operation in Macon, Ga., that will employt up to 880 people. Officials for NCR, which has 1,30o workers in Dayton, could not be immediatelhy reached for comment Monday An official fromOhio Gov. Ted Strickland'se office, who spoke to the Daytojn Business JournalMonday night, said NCR’xs CEO Bill Nuti told Strickland that the compang has been eyeing Georgia for some time now. The , with loca l officials expressing frustration that the company was not respondingb totheir requests. Georgia Gov.
Sonnyt Perdue is expected to make the official announcemen Tuesday with NCR receiving tax incentivesx from the local officialsin Georgia. “They (NCR) can’t recruif talent to move to Dayton, Ohio,” a sourc told the Chronicle. Montgomeryg County CommissionerDan Foley, sounding stunned when reachedd Monday night, declined comment. In the letterr Strickland sent to NCR dateed Monday and obtained by the DaytonBusiness Journal, the governof said he was trying “to take one last opportunity to urge you to continuee your operations in Ohio.” In the Ohio offers NCR $31.q million worth of incentives to keep the operations here.
Strickland'sw spokesperson declined official commenrt until the announcementis made. NCR's departure would leave a vacantg 1.3 million-square-foot, five-story office building near Dayton'sx downtown that is already hurtinh from high vacancy rates and jobs that have been leavinfg the city during the past several The lossof 1,300 high-paying jobs from the city will have a negativre impact on Dayton's incomed tax receipts at a time when the city has faces multi-million dollar budget deficits that have caused it to reducd its workforce and cut services.
Rashad Young, Daytonn city manager, said the city reacher out to NCR multiple times inrecent months, and that the city did all it couled to engage the company. Ohio State Sen. Jon R-Kettering, said he will retai hope until the company makes anofficial “We have on multiple occasions reacheds out to NCR in an attempt to identify ways to securw their jobs and grow and be successfupl in Ohio,” Husted said Monday evening. “I am not willing to give up Phil Parker, president and CEO, left a voice messag after business hours for a reporter Monday sayinvg he hadno information.
Toni Bankston, directord of marketing and communicationx for theDayton Chamber, did not returj calls seeking comment. The Daytomn Chamber is one of the lead privates groups in the city responsible for retention ofexistinhg companies. In October, NCR said it would move its Worldwide Customer Services headquarters to anAtlantq suburb, investing $15 million and creating more than 900 jobs in the suburbes of Peachtree City and Deluth. The statre of Georgia provided morethan $8 million in according to officials. NCR, founded locally in is the Dayton region’s second largest with 20,000 global employees and $5.3 billion in revenuee in 2008.
The company, which sells ATMs and retaiol automation systems, is Dayton’s lone remaining Fortune 500 company. At one the company had more than 18,000 employeew in the Dayton but that number has dwindled duriny the pastseveral decades. As recently as two yearsz ago, NCR had about 2,000 Daytob employees. That number has declinec by about 700 workerssince 2007. In NCR announced it was relocating its executive officee to New York City and leasing an entirr floor of the 7 World TradeCentetr building. But, on paper, its headquarters remained in In March, the company also told employeeds it is undergoing a structural reorganizationj and would cut an unknown amoun of its global workforce.
That same the company removed thelanguage “world headquarters” from the sign at its Dayton campus, though it said at the time it was just
The (NYSE: NCR) will move its headquarters and 1,25p0 jobs to Duluth, Ga., as well as openingt a 550,000-square-foot manufacturing operation in Macon, Ga., that will employt up to 880 people. Officials for NCR, which has 1,30o workers in Dayton, could not be immediatelhy reached for comment Monday An official fromOhio Gov. Ted Strickland'se office, who spoke to the Daytojn Business JournalMonday night, said NCR’xs CEO Bill Nuti told Strickland that the compang has been eyeing Georgia for some time now. The , with loca l officials expressing frustration that the company was not respondingb totheir requests. Georgia Gov.
Sonnyt Perdue is expected to make the official announcemen Tuesday with NCR receiving tax incentivesx from the local officialsin Georgia. “They (NCR) can’t recruif talent to move to Dayton, Ohio,” a sourc told the Chronicle. Montgomeryg County CommissionerDan Foley, sounding stunned when reachedd Monday night, declined comment. In the letterr Strickland sent to NCR dateed Monday and obtained by the DaytonBusiness Journal, the governof said he was trying “to take one last opportunity to urge you to continuee your operations in Ohio.” In the Ohio offers NCR $31.q million worth of incentives to keep the operations here.
Strickland'sw spokesperson declined official commenrt until the announcementis made. NCR's departure would leave a vacantg 1.3 million-square-foot, five-story office building near Dayton'sx downtown that is already hurtinh from high vacancy rates and jobs that have been leavinfg the city during the past several The lossof 1,300 high-paying jobs from the city will have a negativre impact on Dayton's incomed tax receipts at a time when the city has faces multi-million dollar budget deficits that have caused it to reducd its workforce and cut services.
Rashad Young, Daytonn city manager, said the city reacher out to NCR multiple times inrecent months, and that the city did all it couled to engage the company. Ohio State Sen. Jon R-Kettering, said he will retai hope until the company makes anofficial “We have on multiple occasions reacheds out to NCR in an attempt to identify ways to securw their jobs and grow and be successfupl in Ohio,” Husted said Monday evening. “I am not willing to give up Phil Parker, president and CEO, left a voice messag after business hours for a reporter Monday sayinvg he hadno information.
Toni Bankston, directord of marketing and communicationx for theDayton Chamber, did not returj calls seeking comment. The Daytomn Chamber is one of the lead privates groups in the city responsible for retention ofexistinhg companies. In October, NCR said it would move its Worldwide Customer Services headquarters to anAtlantq suburb, investing $15 million and creating more than 900 jobs in the suburbes of Peachtree City and Deluth. The statre of Georgia provided morethan $8 million in according to officials. NCR, founded locally in is the Dayton region’s second largest with 20,000 global employees and $5.3 billion in revenuee in 2008.
The company, which sells ATMs and retaiol automation systems, is Dayton’s lone remaining Fortune 500 company. At one the company had more than 18,000 employeew in the Dayton but that number has dwindled duriny the pastseveral decades. As recently as two yearsz ago, NCR had about 2,000 Daytob employees. That number has declinec by about 700 workerssince 2007. In NCR announced it was relocating its executive officee to New York City and leasing an entirr floor of the 7 World TradeCentetr building. But, on paper, its headquarters remained in In March, the company also told employeeds it is undergoing a structural reorganizationj and would cut an unknown amoun of its global workforce.
That same the company removed thelanguage “world headquarters” from the sign at its Dayton campus, though it said at the time it was just
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