Tuesday, January 31, 2012

GDOT awards first stimulus contracts - Austin Business Journal:

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The DOT signed off on 36 projectsx valued atabout $50 million, including four resurfacinvg jobs in metro Atlanta worth more than $2.6 million. The locapl work will be done on Georgia highways 92 and 139 inFultonh County, U.S. 19 in Claytoh County and Georgia Highway 20 inRockdals County. Three of the four contracts wentto , whilwe the fourth was awarded to In selecting projectss to fund with federal stimulus the DOT looked for highway improvements that coulrd be started as quickly as Such “shovel-ready” projects tend to be those that don’t involve new construction, which requires extensive environmentak impact studies.
“This is all about creating jobs especially (in) those areas considered economicallt depressed,” said State Transportation Boardr member Dana Lemon of McDonough, who represents Georgia’se 13th Congressional District, which received one of the project awards on The DOT is responsible for 70 percent of the $932 millio in highway system stimulus funds allocated to with the rest going to the state’s 15 metropolitan planningg organizations, including the .

Sunday, January 29, 2012

QualityTech computes data center growth - bizjournals:

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The Overland Park-based firm has mapped out a $75 millionm to $100 million investment in existint data center facilities in the next year and could spendabout $50 million on real estate or company acquisitions in the next 12 to 18 Chairman and CEO Chad Williamsd said. Those plans come on the heels of investments already made in the past year fora $50 millionm facility in Miami and a $20 milliob upgrade to a Santa Clara, Calif., facility. “We’ve very quietly grow from a couple of real estate acquisitions to a nationao leader indata centers,” Williamx said. “In a challenged economic environment, our footprinf has expanded to 11different locations.
” QualityTech, founded in Septemberf 2005, has gained at a swift clip. In it posted revenue of $35.8 Last year, that number had burgeoned to $119. 7 million. The projection for 2009: roughl $150 million. That’s assuming a checked growth pace of abouf25 percent, down from 37 percenyt last year. Essentially, QualityTech provides information technology outsourcing It sells large chunksd of wholesale datacenter space, and it retailes smaller spaces to small and midsizre businesses. In addition, it offers a broad managed-services which handles anything from network security to storagedto applications. QualityTech also has a new model that offerd data capacityas needed.
The company is a significant player in its which continues to growas cash-strapped companies look to outsource IT functions, said analyst Dan Golding, a vice president of New York-basedc Tier1 Research. Tier1 expects data center revenue to grow about 10 percentto $8 billiobn this year; QualityTech’s 25 percent growth predictionm is aggressive but attainable, Golding said. The industrgy promises tremendous growth during the next decaddeor so, he said. Its penetration now is in the low single-digiy percentages, but companies that check in rarely “For 95 percent of companies, outsourcingt is just going to work betterd in thelong run,” Goldinbg said.
“It’s purely an economic issue.” QualityTech’zs planned projects — adding power and space will bein Atlanta, Santa Clara and Jersey N.J. All told, the improvements will add abourt 250,000 square feet of raised-floor data center space, bringing the total raised-floor space (wher servers can be stored) to about 1 million squares feet. That’s out of a total of 2 milliom square feet the coompanyowns nationwide. “We certainlyy have demand within our current portfolio for certaih customersto grow,” Williams said.
“We’re also buildinh space we can lease because of the demandccurve — demand we see in the marketplacre today that’s real deman and has no supply.” Data centersd are expensive to build, costing about $1,30 0 a square foot, Golding Then there’s the acquisition potential. “We actually feel over the next 12 to18 months, that it’s goingg to be a great opportunity for us to add locationss in the U.S.,” Williames said. “We are currently looking at other data cente operators to buy and also additional real estate that wecoulr convert.
” The Achilles’ heel of the booming industr y has been the credit crunch, which will make some smalleer companies prime buyout candidates. Fortunatel for privately owned QualityTech, it has accesas to its profits, backing by the Williams family and banking relationships withOverland Park-based and , Williams said. The pending outlays will be a combination of equituyand debt, he said. “The data center industryh is one ofthose that’s been seeing a lot of impacg — the potential for a lot of growtb actually being dampened by the ability to get Golding said. “(QualityTech) has the advantage therr — it has deep-pockef private backers.
Not everyone has that.” Other local data center and managed-services companies also have experienced torridx growth inthe downturn. ’s revenuse is up 60 percent yearto year, and it’d about a third of the way through a $1 millionm upgrade of its Kansas City, facility. Early next year, plans to completde a $12 million data center in Lenexa; its existingh Overland Park and Lenexa facilitiese arenearly full.
“The industry is really growing,” Arsalom founding partner GaryHall

Friday, January 27, 2012

Health care reform details begin to emerge - Silicon Valley / San Jose Business Journal:

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percent of the cost of healtbh insurance premiumsfor full-time employees unde r the health care reform bill beint considered by the House. They also woulfd be required to pick up at least some of the tab forinsuringv part-time employees. Businesses that don't provide this minimum level of coverage would be requiredf to pay the federal government a fee based on 8 percent oftheir payroll. Small businesses under a yet-to-be-determined threshold would be exempted fromthis "plag or pay" requirement. How smalol businesses would fare under House healtycare proposal.
Small businesses and individualas could comparison shop among private and public plans in a nationalp health insurance exchangeEmployers could either provide health insurancr to their employees or pay a fee basede on 8 percent of their payroll to the governmentEmployers that offe coverage would have to pickup 72.5 percent of the cost of premiumse for full-time employees and 65 percent for a family policyEmployerws could contribute a share of the expensed of coverage for part-time employees or contribute to the health insurancd exchangeSmall businesses under a size threshold yet to be determinedx would be exempted from the employet responsibility requirementSmall businesses that can'gt afford coverage would get a tax credit to help them pay for it House committees on Ways and Energy and Commerce, and Education and Labotr The chairmen of threre House committees with jurisdiction over health care introduced their drafgt legislation June 19, offering the most detail yet on how health care reform could affect smalk businesses.
Under their bill, small businesses and individual s could shop for insurance through a national exchange, which would include a government-runb plan as well as private insurers. Tax credite would be available to help small businesses affordthe Rep. Henry Waxman, D-Calif., said the legislatiob would fixthe "completely dysfunctional insurance market" for small businesses, which face "unaffordabl rate increases" every year. Waxman chairs the Houswe Energy andCommerce Committee. Health insuranc e premiums for U.S. businesses increased by 9.2 percent this and are expected to increase anotherf 9 percentnext year, accordinfg to PricewaterhouseCoopers.
Small businesses often face much higherrate hikes. While most smalo businesses agree the current health insurance marketis dysfunctional, there'x a lot of disagreement over whether the House bill woulds cure the problem or just make it worse. Mike who owns a retail clothing store and designm business called Smash inDes Moines, likes what he sees in the Draper thinks adding a public plan to the insurance mix would hold down premiumsa by creating more competition in the marketplace. "Iu don't have a wholse lot of confidence in the systemm wehave now," Draper said.
Draper'd company currently doesn't offer healty insurance to itsseven full-timew workers, but instead reimburses them for the cost of individuap policies that they buy on their own. That'xs fine with his employees, who are in their 20s and don't want theit insurance to be tied totheir job. The reimbursements now accountf for 6 percentof Smash'sx payroll, but that could jump to 22 percent in four when Draper expects everyone on his management team to have creating the need for family plans. His business couldn't handle that expense, he said. If the Housed bill were enacted, he would consider buying insurancw through the exchange if it were easyto use.
But he mightf decide to pay the 8 percent payroll fee insteade and then reimburse his employeees for some of the cost of the policies they purchase throughthe exchange. Draper, who was schedulexd to testify before the Houswe Ways and Means CommitteeJune 24, thinks employers should be required to help pay for their employees' health insurance. Like Social Security contributions, this sort of responsibility is "kind of what you signed up for" when you becomse a business owner, he said. Otheer small business owners, however, think the Housse bill imposes too tough of a standard onsmallk businesses. The requirement to pay 72.
5 percent of an employee'sz premium for individual coverage "is much too high for many smallp businesses," said Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council. The only way many small businesses can afford coverage is by makinv employees pick up more ofthe cost, she Arlington, Va.-based Company Flowers & Gifts Too!, for pays 50 percent of the cost of health insurancw for seven full-time Even that may not be affordable next year, becausd "our rates are going to skyrocket," co-owneer John Nicholson told the House Smal Business Committee earlier this month.

Wednesday, January 25, 2012

Aurora's Southlands shopping center damaged by tornado - Houston Business Journal:

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A twister reportedly touched down nearbuyat 1:49 p.m. Sunday and crossed through the area onan eight- to 10-mile-long path for abouft 30 minutes, the said. . Firefighters foundd moderate damageat Southlands, located at E-470 and Smokyy Hill Road, CBS4 News reported. Rooftoop heating, venting and air-conditioning units were windowswere broken, a shed was destroyed, and a car was Natural-gas leaks also were Authorities shut down gas serviced to Southlands early Sunday afternoon.
No serious injuries were reported onthe shopping-center grounds, but a man in a nearbh neighborhood who was trying to take pictures reportedly was hospitalized with unspecifiecd serious injuries, according to news reports. A Southlands spokeswoman told CBS4 most ofthe center'a stores will be closed Monday to alloa for continued damage assessment. She said customers shoulx call individual stores to verifty whether they are closedor open. which opened in 2006, is the Denver area's largest shopping center by retailk space, at 1.7 million square It consists of several freestandinh buildings connected by pedestrian corridorsand streets.
The complex is ownec by Granite Southlands Town Center LLC and managecd by Forest City CommercialManagementg Inc. Four other tornadoexs were spotted north and east of DenverSundauy afternoon, and baseball-sized hail struck some areas. As many as 3,000p customers were without powerd for a time in parts of Auroraand .

Monday, January 23, 2012

Paterno 'maybe the greatest coach ever' - The Herald | HeraldOnline.com

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Washington Times


Paterno 'maybe the greatest coach ever'

The Herald | HeraldOnline.com


"Joe Paterno, to me, is maybe the greatest coach ever," Bobby Bowden, the former Florida State coach, who is No. 3 in major-college coaching victories, told The Associated Press in 2006. "I mean that truly, and I said that 10 years ago. ...


Ranking the 5 B est Players to Ever Play for Penn State Coach Joe Paterno

Bleacher Report


SNYDER: Scandal doesn't define Paterno

Washington Times


Passing of Paterno leaves a lot to ponder

Muskogee Daily Phoenix


The Times Herald -Daily Illini -The Star-Ledger - NJ.com


 »

Friday, January 20, 2012

Grandview likely losing Limbach to Columbus - Business First of Columbus:

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Relocation of mechanical contractod to the Near East Side of Columbus comes as the smalpl cityanticipates ’s start of redevelopmeny in its industrial district. Nationwide Realtyg bought Pittsburgh-based Limbach’s propertyu at 851 Williams Ave. in Septembedr 2007, forcing the company to beginh searching fornew offices. The Ohio Tax Credig Authority on April 27 approvedca six-year, 45 percent tax credit to spur the company’sd relocation to 822 Cleveland Ave., whered it plans to add at least 28 jobs in addition to its 115 workere in Grandview.
in May is expected to considera five-year incentivw that would return 25 percent of the personal incomde taxes generated by the company’s $5.5 millionj payroll, including new jobs, durin the first two years. In years threre through five, that amount increases to 35 percent, during whicu time Limbach expects its annuapl payroll to growby $1.8 million if it meetws job-creation targets. Information from the state shows Limbacg plans to investabout $850,000 in the 50,000-square-footg building on Cleveland Avenue and spend $300,000 on machiner y and equipment.
Several companies, including Columbia Gas of have moved out of Grandview over the last three yearws as Nationwide Realty acquired properties forits $500 millioh Grandview Yard mixed-use development. Grandview Heightws Mayor Ray DeGraw took news of the Limbacjh job lossesin stride, noting Nationwide Realty plans to begin construction on the firstg phase of Grandview Yard projects late this “Jobs are going to move,” DeGraw “That’s the reality. It happens.” The state tax creditt panel also approved three incentives for projects inLickingv County. It approved a 45 percent tax creditfor , a direct-sales compang based in Chattanooga, Tenn.
, with 6,000 home-based saless consultants. The company hopes to expand a 95,000-square-footf facility in Johnstown to house 75 workersperformin back-office administrative work as well as distribution The state said Chattanooga is competing for the Company Director of Finance Deb Wals h declined to comment when contactedr by Columbus Business First. The Thirty-One Giftse deal has ties to a Johnstown company also receivingt a taxcredit offer. and two affiliates received a 40 percent tax credift offer for their pledge to create25 jobs. Atrium designw and develops fashion merchandise such as clothes andfashion bags.
Its customerf base includes stores, Web and catalog saleds outletsand direct-sales vendors such as Thirty-One Gifts. It employs 117 workersw in Johnstown. Meanwhile, the Tax Credit Authority extendea six-year, 45 percent tax crediy offer to , an aerospace and electronicas supplier in Heath that has pledged to add 10 positionws atop its 37 The project at the Central Ohio Aerospacwe & Technology Center campus includes a $3 million expansiobn of its sensor research and development The new jobs would pay an averagd of more than $74,000 a

Wednesday, January 18, 2012

Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Dayton Business Journal:

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Raleigh, Cary and Durham rankef among the 25 fastest growing largw cities in the nation for the 12 months that endefdJuly 1, 2008, the said in its annual population estimateas released Wednesday. Cary, which saw its populatiomn increaseby 6.9 percent, to as of July 1, was the nation’s third fastest growing city. Raleigh’s populatioh climbed by 3.8 percent, to 392,552, making North Carolina’s capital the eighth fastest growing city. Durhamk was ranked 16th with a 3 percent Its population roseto 223,284. New Orleana experienced an 8.
2 percent increass in its population, which rose to making the city ravaged by Hurricanes Katrina in 2005 the fastest growing city among placed with populations greaterthan 100,000. Charlotte, which saw its population increassby 2.7 percent, to was ranked 23rd. Only Texas – with seven cities – had more citiews on the list thanNorth Carolina. Roune Rock, Texas, experienced an 8.2 percent increase, with its populatio rising to 104,446, puttiny the Texas city in second Colorado and California each had three citiezs on the top25 list.