onoeuqedol1902.blogspot.com
Oncor will apply for the funds througyh the American Recovery and Reinvestment Actof 2009. The deadlinwe to apply is Aug. 6. Citinhg data from the Council of Economic Oncor believes the stimulus funds would support the creationnof 1,600 jobs in 2010. If the funding is approved, Onco r will spend the money to deploy more smart which will help the energy compan y isolate problems in neighborhoods and reconfigurepower lines. Otherd enhancements will include controlling the feeder voltager throughthe company’s capacitor control and enhancements that will help the electri c provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedunder Oncor’s propose d plan. Oncor also is aiming to improve itstelecommunicationw network, an improvement that will enhancew the company’s power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seekin these stimulus grants are whether the funds will help consumeres lower their electric bills or advancde smart grid initiatives to improve serviceand reliability. That’e where we have focused our attentionand energy.
”
Saturday, December 31, 2011
Thursday, December 29, 2011
China sticks to peaceful use of outer space: spokesman - Xinhua
alharkaenu.blogspot.com
Moneycontrol.com | China sticks to peaceful use of outer space: spokesman Xinhua 29 (Xinhua) -- China adheres to a principle of peaceful development in its space missions and the use of outer space for peaceful purposes, a spokesman for the China National Space Administration said Thursday. Spokesman Zhang Wei made the remarks ... China rev eals space exploration programs |
Tuesday, December 27, 2011
Business community offers suggestions for stimulus funds - Jacksonville Business Journal:
kittredgeihuhyla1951.blogspot.com
The Economic Stimulus Package 2.0 compilesa suggestions from more than 20industrt associations. The document focuses largely on transportation, wateer infrastructure and deep-water port revitalization projects. has identifief more than $7 billion in projects ready to move forwarcd within the next 90 to 120 This could create anadditional 195,000 jobs and a statewide economi c boost of $39 billion. Every $1 billiom that state government invests in highway constructiomn and improvements supports morethan 27,00o0 jobs, a media release said. has said that there are $1 billiobn in water and wastewater projects readg tomove forward.
The state expectx to receive about $220 million in stimulusz funds devoted to this This will enable the statr to bond anadditional $250 million. Thesed investments are aimed at creating jobsfor construction, engineering and other industriese throughout the state. The ESP 2.0 also recommendd lower state-mandated port security costs to allow portds to compete financially and asks governmenyt officials to aid in the construction of warehouse and distribution centers to create a strongedr Bayarea port. In addition, the has releaseed its own agenda. The chambeer said that legislators should direct federal economic stimulus fundw toward its more than 250 jobcreation proposals.
This plan recommendsa talent and highereducation reform, property tax reliefc for employers and growth leadership The Florida Chamber represents more than 139,009 employers and is based in
The Economic Stimulus Package 2.0 compilesa suggestions from more than 20industrt associations. The document focuses largely on transportation, wateer infrastructure and deep-water port revitalization projects. has identifief more than $7 billion in projects ready to move forwarcd within the next 90 to 120 This could create anadditional 195,000 jobs and a statewide economi c boost of $39 billion. Every $1 billiom that state government invests in highway constructiomn and improvements supports morethan 27,00o0 jobs, a media release said. has said that there are $1 billiobn in water and wastewater projects readg tomove forward.
The state expectx to receive about $220 million in stimulusz funds devoted to this This will enable the statr to bond anadditional $250 million. Thesed investments are aimed at creating jobsfor construction, engineering and other industriese throughout the state. The ESP 2.0 also recommendd lower state-mandated port security costs to allow portds to compete financially and asks governmenyt officials to aid in the construction of warehouse and distribution centers to create a strongedr Bayarea port. In addition, the has releaseed its own agenda. The chambeer said that legislators should direct federal economic stimulus fundw toward its more than 250 jobcreation proposals.
This plan recommendsa talent and highereducation reform, property tax reliefc for employers and growth leadership The Florida Chamber represents more than 139,009 employers and is based in
Sunday, December 25, 2011
Genmar Holdings files for bankruptcy - Puget Sound Business Journal (Seattle):
vavyzina.wordpress.com
The petition to reorganize theboat builder’s debts was filed Monday afternoon in in Minneapolis. The filing include more than 20 ofthe company’s subsidiaries, one of whicnh is Murfreesboro-based Genmar Tennessee LLC. The company has a boat manufacturing and repair facilityg at theMurfreesboro location. Genmar Tennessee has from 200 to 1,00o creditors and assets between $50,000 and $100,000. The Tennessere company’s filing lists about $750,000 in unsecured debtsx owed to its 20 largest The parent company listxs its assets in the rageof $10 million to $50 millionh and its liabilities betweebn $100 million and $500 million, accordingh to court documents.
Genmadr Holdings’ only secured creditors are and , according to a storhy in the MinneapolisStar Tribune. Genmar said it has receivedr commitment fora debtor-in-possession financing proposal from both In a statement, Genmar’s largest shareholder, Chairmahn and CEO Irwin Jacobs says sales of the company’ s fishing boats, luxury yachts and othed products started to decline in 2008, but worsene d in recent months.
The company’sd sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percenft from fiscal 2008, the company “If someone would have said to me as recently as even one montbh ago that Genmar woulfd someday be filing for Chapterr 11, I would have said it was not even a remotw possibility,” Jacobs says. Genmar had been makingt some strategy changes in recent months and recently announced plans to launch a lineof less-expensive aluminum boats.
The petition to reorganize theboat builder’s debts was filed Monday afternoon in in Minneapolis. The filing include more than 20 ofthe company’s subsidiaries, one of whicnh is Murfreesboro-based Genmar Tennessee LLC. The company has a boat manufacturing and repair facilityg at theMurfreesboro location. Genmar Tennessee has from 200 to 1,00o creditors and assets between $50,000 and $100,000. The Tennessere company’s filing lists about $750,000 in unsecured debtsx owed to its 20 largest The parent company listxs its assets in the rageof $10 million to $50 millionh and its liabilities betweebn $100 million and $500 million, accordingh to court documents.
Genmadr Holdings’ only secured creditors are and , according to a storhy in the MinneapolisStar Tribune. Genmar said it has receivedr commitment fora debtor-in-possession financing proposal from both In a statement, Genmar’s largest shareholder, Chairmahn and CEO Irwin Jacobs says sales of the company’ s fishing boats, luxury yachts and othed products started to decline in 2008, but worsene d in recent months.
The company’sd sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percenft from fiscal 2008, the company “If someone would have said to me as recently as even one montbh ago that Genmar woulfd someday be filing for Chapterr 11, I would have said it was not even a remotw possibility,” Jacobs says. Genmar had been makingt some strategy changes in recent months and recently announced plans to launch a lineof less-expensive aluminum boats.
Friday, December 23, 2011
K&L Gates opens Dubai office - Philadelphia Business Journal:
obesonuqa.wordpress.com
Dubai is the firm’s 33rd office and its firsr in theMiddle East. K&Lk Gates Chairman and Global Managing Partner Peter Kali said the officewas “in the worksa for about a year” and that the firm’s entrty was “well-timed compared with a year ago becauses the costs are reduced and there is much more legal talenr at more reasonable compensation levela available on the market.” K&L Gates expectzs to grow the Dubai office principally through hires in that region. “I could see additional officee in theMiddle East,” said who first visited Dubai six monthws ago in preparing the firm’s entry there.
“Becausse of the concentration of financiak and professional services in theDubai it’s a very attractive and efficient point of entru into the Gulf region. But certainly it’s not the only marketf for legal servicesthat matters. A logical next step woule be Abu Dhabi, but thered is nothing scheduled for thatto occur.” K&L Gateds is also “always” open to continued expansion opportunitiees internationally and in the continentalp United States, Kalis said, but did not identify specifiv cities or countries.
Neal Brendel, one of the firm’ss senior dispute resolution partners, is relocating from the Pittsburgn office to serveas co-founder of the Dubai Joining Brendel is Paul de who most recently worked with Ashurst, establishing and managing that firm’ds Dubai office and helping to open a seconxd office in the United Arab Emirates. He is a corporate and projectsw lawyer with more than 20years experience. Associatw Richard Dollimore also is joining theDuba office. He most recently worked in the K&LL Gates office in London.
Dubai is the firm’s 33rd office and its firsr in theMiddle East. K&Lk Gates Chairman and Global Managing Partner Peter Kali said the officewas “in the worksa for about a year” and that the firm’s entrty was “well-timed compared with a year ago becauses the costs are reduced and there is much more legal talenr at more reasonable compensation levela available on the market.” K&L Gates expectzs to grow the Dubai office principally through hires in that region. “I could see additional officee in theMiddle East,” said who first visited Dubai six monthws ago in preparing the firm’s entry there.
“Becausse of the concentration of financiak and professional services in theDubai it’s a very attractive and efficient point of entru into the Gulf region. But certainly it’s not the only marketf for legal servicesthat matters. A logical next step woule be Abu Dhabi, but thered is nothing scheduled for thatto occur.” K&L Gateds is also “always” open to continued expansion opportunitiees internationally and in the continentalp United States, Kalis said, but did not identify specifiv cities or countries.
Neal Brendel, one of the firm’ss senior dispute resolution partners, is relocating from the Pittsburgn office to serveas co-founder of the Dubai Joining Brendel is Paul de who most recently worked with Ashurst, establishing and managing that firm’ds Dubai office and helping to open a seconxd office in the United Arab Emirates. He is a corporate and projectsw lawyer with more than 20years experience. Associatw Richard Dollimore also is joining theDuba office. He most recently worked in the K&LL Gates office in London.
Tuesday, December 20, 2011
Canal Side hotel site may be on move - Denver Business Journal:
uzirukynurylew.blogspot.com
The hotel concept, while still may be a highlight of a slightly tweaked development plan forthe $315 million Canal Side project, pegged for the lower Main Streett area, just south of the New York State Canal Side was unveile d in December by , the localo arm of , which is chargeds with overseeing projects along Buffalo’s Canal Side’s final development plans will be shown to the publicx in July as part of a series of mandates public hearings connected to environmental reviewws of the project. The environmental reviews are due to be completecdthis fall.
Moving the hotel, rumoref to be one from the Marriotcorporate family, is perhaps the biggest adjustment in the Canal Side developmen t plan. Originally, proposed renovatinyg the eight-story Donovan Building into a multi-used complex anchored by a hotel. Sources now indicate the Donovajn Building may be primarily used for Clasxs A office space and apartmentor condos. A hotel is considered a crucial element inCanakl Side’s overall development plan. The Webstedr block is currently used as a surfacw parking lot for downtown workers during the day and for patrone attending events at HSBC Arena on nightesand weekends.
The block is located between HSBC Atriukm and thearena and, at one time, was considerer the site of a proposed 14-story Adelphia Tower. Matt Davison, spokesmanh for Erie Canal Harbor Development said while the Canal Side plan is being revised, the agency’s primary focus remainds on finishing the demolitioj of Memorial Auditorium and preparing for construction of a 150,000-square-foot Bass Pro stores to anchor the downtown developmentg project.
The hotel concept, while still may be a highlight of a slightly tweaked development plan forthe $315 million Canal Side project, pegged for the lower Main Streett area, just south of the New York State Canal Side was unveile d in December by , the localo arm of , which is chargeds with overseeing projects along Buffalo’s Canal Side’s final development plans will be shown to the publicx in July as part of a series of mandates public hearings connected to environmental reviewws of the project. The environmental reviews are due to be completecdthis fall.
Moving the hotel, rumoref to be one from the Marriotcorporate family, is perhaps the biggest adjustment in the Canal Side developmen t plan. Originally, proposed renovatinyg the eight-story Donovan Building into a multi-used complex anchored by a hotel. Sources now indicate the Donovajn Building may be primarily used for Clasxs A office space and apartmentor condos. A hotel is considered a crucial element inCanakl Side’s overall development plan. The Webstedr block is currently used as a surfacw parking lot for downtown workers during the day and for patrone attending events at HSBC Arena on nightesand weekends.
The block is located between HSBC Atriukm and thearena and, at one time, was considerer the site of a proposed 14-story Adelphia Tower. Matt Davison, spokesmanh for Erie Canal Harbor Development said while the Canal Side plan is being revised, the agency’s primary focus remainds on finishing the demolitioj of Memorial Auditorium and preparing for construction of a 150,000-square-foot Bass Pro stores to anchor the downtown developmentg project.
Sunday, December 18, 2011
Syniverse expands into Dubai - Tampa Bay Business Journal:
jaqezuweg.blogspot.com
"The Middle East and Africa are experiencing tremendous growth in the mobileetelecommunications industry, so establishing a permanent presence in the regiojn was a natural step for our organizatio n as Syniverse continues its global said Eugene Bergen, executive vice presideny for Tampa-based Syniverse, in a release. The regional officed will be headed byOubayt Atassi, who joins the company after a run with iBasizs Inc. (OTC BB: an international long-distance telephone and VoIP companyu basedin Burlington, Mass. Atassk has spent more than 20 year in the international telecommunications industry in theMiddlee East, Africa, Europe, Latin America and the United States.
Syniverse ( : SVR) has been workingf to expand its presence internationally inrecengt months, including a new deal it signed in June to providee data-clearing . The company also has been tryinyg to make strides into Europe with aplanned $290 millioj takeover of , a deal that is now bein g to ensure that such an acquisition wouldn't hamped competition.
"The Middle East and Africa are experiencing tremendous growth in the mobileetelecommunications industry, so establishing a permanent presence in the regiojn was a natural step for our organizatio n as Syniverse continues its global said Eugene Bergen, executive vice presideny for Tampa-based Syniverse, in a release. The regional officed will be headed byOubayt Atassi, who joins the company after a run with iBasizs Inc. (OTC BB: an international long-distance telephone and VoIP companyu basedin Burlington, Mass. Atassk has spent more than 20 year in the international telecommunications industry in theMiddlee East, Africa, Europe, Latin America and the United States.
Syniverse ( : SVR) has been workingf to expand its presence internationally inrecengt months, including a new deal it signed in June to providee data-clearing . The company also has been tryinyg to make strides into Europe with aplanned $290 millioj takeover of , a deal that is now bein g to ensure that such an acquisition wouldn't hamped competition.
Friday, December 16, 2011
Colliers adds to Nashville management team - Triangle Business Journal:
gavrilovaefivu.blogspot.com
“Creighton brings more than 12 years of experience in the commerciaol real estate industryto Colliers,” says Doug Brandon, managingy principal for Colliers' Nashville office. “We are thrille to have him on our team.” Wright’s responsibilities will includee the management of large institutionally owned healthj andmedical facilities, as well as the growth of the business Until March of this year, Wright was vice presidenr of mixed-use development for Southern Land Co., where he was responsible for the developmenft of select real estate projects. Southerj Land underwent a shift in executive team makeu earlierthis year.
The Franklin-based development compang announced the appointments of Briann Sewell as president and Chris Bove as CEO inearlhy February. Southern Land is the developeer of the Williamson County residentialprojectz Westhaven, LaurelBrooke and McEwen. The company also has projects inthe Dallas/Forf Worth, Houston and Austin, markets.
“Creighton brings more than 12 years of experience in the commerciaol real estate industryto Colliers,” says Doug Brandon, managingy principal for Colliers' Nashville office. “We are thrille to have him on our team.” Wright’s responsibilities will includee the management of large institutionally owned healthj andmedical facilities, as well as the growth of the business Until March of this year, Wright was vice presidenr of mixed-use development for Southern Land Co., where he was responsible for the developmenft of select real estate projects. Southerj Land underwent a shift in executive team makeu earlierthis year.
The Franklin-based development compang announced the appointments of Briann Sewell as president and Chris Bove as CEO inearlhy February. Southern Land is the developeer of the Williamson County residentialprojectz Westhaven, LaurelBrooke and McEwen. The company also has projects inthe Dallas/Forf Worth, Houston and Austin, markets.
Wednesday, December 14, 2011
Georgian Bank founder and CEO Teel replaced - Business First of Buffalo:
vypybiza.wordpress.com
Gordon Teel, who created the curren t version ofin 2003, was replaced by John Poelkere as CEO, and Don Rolader as chairmanh of the bank. Lynn Darby also assume d the role of chairman of the holding Teel has been asked to stay on as a consultantt tothe institution. The move comes as a surprisde for abank that, to has stayed relatively clear of loan problemse in the current banking crisis — despite having one of the larges t residential construction loan portfolios in the city. Poelker is a 40-year banking veteran and the former chief financial officerof , . and , the predecessorf to . Poelker worked since Decemberf 2008 asa full-time consultant for Georgian Bank.
Roladef has been a bank director for five serving onthe CRA/Compliance and Executive Loan committees. Darbyu is a current director of the bankholding company, joining the boardx in 2003. He is a retired partneer from , where Teel also worked beforeentering banking. The reasonsa for Teel’s departure are currently and the move is a rare blemisyhon Teel’s resume. He is one of the city’xs most successful local bank entrepreneursto date, foundinf , now owned by , in and serving as a executive. He was the drivin g force behindGeorgian Bank.
Teel foundec Georgian Bank earlier this decadwe when he acquiredthe then- Powder Springs-based infusing the institution with $50 milliobn in investor capital and moving its headquarterxs to Atlanta’s Cumberland area. The bank becam one of the fastest growing inthe state, and one of the city’s biggest banking success stories. Georgian counts some of the city’w highest profile suburban developers amongstrits clientele. During the last five years, from March 31, 2004 to Marcgh 31, 2009, the bank grew 514 percentg intotal assets, lending on real estate projecte throughout Atlanta.
With the growth came a two-story Cumberland headquarters building and branches throughourt thenorthern suburbs. The bank even kept a full-times chef on staff. By first quarter the bank reported $2.7 billion in total assets, accordin g to Federal InsuranceDeposit Corp. data. Those assetw included a high levelp of real estateconstruction loans. Construction loan problems have led to the failurse of 14 banks statewide in the last nine The bank’s loan concentration in real estate, when comparesd to total capital, was 519 percent in firstg quarter 2009, nearly double the statewide Yet Georgian’s loan losses have remained relatively low.
In thir d quarter 2008, as the banking crisid began to acceleratein earnest, the institutio reported only a 3.68 percent proble m loan ratio — or the ratio of delinquent, defaulted and repossessesd real estate to total loans — was roughlh half the statewide average on $941 million in construction and land developmeny loans. But those figures are
Gordon Teel, who created the curren t version ofin 2003, was replaced by John Poelkere as CEO, and Don Rolader as chairmanh of the bank. Lynn Darby also assume d the role of chairman of the holding Teel has been asked to stay on as a consultantt tothe institution. The move comes as a surprisde for abank that, to has stayed relatively clear of loan problemse in the current banking crisis — despite having one of the larges t residential construction loan portfolios in the city. Poelker is a 40-year banking veteran and the former chief financial officerof , . and , the predecessorf to . Poelker worked since Decemberf 2008 asa full-time consultant for Georgian Bank.
Roladef has been a bank director for five serving onthe CRA/Compliance and Executive Loan committees. Darbyu is a current director of the bankholding company, joining the boardx in 2003. He is a retired partneer from , where Teel also worked beforeentering banking. The reasonsa for Teel’s departure are currently and the move is a rare blemisyhon Teel’s resume. He is one of the city’xs most successful local bank entrepreneursto date, foundinf , now owned by , in and serving as a executive. He was the drivin g force behindGeorgian Bank.
Teel foundec Georgian Bank earlier this decadwe when he acquiredthe then- Powder Springs-based infusing the institution with $50 milliobn in investor capital and moving its headquarterxs to Atlanta’s Cumberland area. The bank becam one of the fastest growing inthe state, and one of the city’s biggest banking success stories. Georgian counts some of the city’w highest profile suburban developers amongstrits clientele. During the last five years, from March 31, 2004 to Marcgh 31, 2009, the bank grew 514 percentg intotal assets, lending on real estate projecte throughout Atlanta.
With the growth came a two-story Cumberland headquarters building and branches throughourt thenorthern suburbs. The bank even kept a full-times chef on staff. By first quarter the bank reported $2.7 billion in total assets, accordin g to Federal InsuranceDeposit Corp. data. Those assetw included a high levelp of real estateconstruction loans. Construction loan problems have led to the failurse of 14 banks statewide in the last nine The bank’s loan concentration in real estate, when comparesd to total capital, was 519 percent in firstg quarter 2009, nearly double the statewide Yet Georgian’s loan losses have remained relatively low.
In thir d quarter 2008, as the banking crisid began to acceleratein earnest, the institutio reported only a 3.68 percent proble m loan ratio — or the ratio of delinquent, defaulted and repossessesd real estate to total loans — was roughlh half the statewide average on $941 million in construction and land developmeny loans. But those figures are
Monday, December 12, 2011
Gov. Martin O'Malley outlines plan for biotech centers in Rockville, Baltimore - Washington Business Journal:
lebexab.wordpress.com
Maryland plans to open one of two state-fundecd bioscience centers in the Shaduy Grove Life Sciences Park in Rockvillew in thenext month. Montgomer y County officials said they host roughly 350 ofthe state’x more than 400 biotech companies, makin g them an apt choice for the maiden center. The firsyt of the two planned centers is already starting up in the Worldc Trade Center in Baltimore with roughly a dozen State officials expectthe two, totaling about $5 millionm in startup funds, to be of similarr size, each serving as a one-stop shop for biotechh industry resources and advice. Gov.
Martijn O’Malley made the announcements in preview tothe industry’s biggesrt event -- the Biotechnology Industry Organization annual trader show to be held this week in where he plans to offee more details about the center and his overal strategic plan for the state’s bioscience sector. “We’rw doing our very best with these investmentx even in thisdown economy,” O’Malleyh said after his presentation Mondayy at ’s Rockville headquarters, which the nonprofir recently expanded with a new $12 millionj manufacturing facility.
This week’s announcement marks a one-year anniversary from O’Malley’s original debut, at last year’es BIO convention, of his 10-year, $1.3 billion Bio 2020 plan to make Marylanxd a bio industryleader nationwide. Among the initiatives to be unveiled this week are measureds to result in and sustainjob growth, betterr train the state’s work force and increase venturd capital -- often cited as a dire need for this especially in a harsh economy. economic conditions left some plans in the last year on thecuttinhg floor.
While the state did preserve $6 millio for its high-demand biotech investment tax credit, a fund in jeopardyh of being cut thisbudget O’Malley had hoped to double that amounrt through his Bio 2020 He said Monday that he does expect to increase the fund amount, but didn’t know when. A few days afte O’Malley’s unveiling of Bio 2020 last June, Marylandd Comptroller Peter Franchot urged state leaders to invest pension funds inbiotechb companies. But a bill that wouldx have accomplishedthat -- proposing to invesft 0.5 percent or $20 million from the state’s pensiohn fund into qualified technology and biotechnology companiez -- failed this past session.
Two other billw of interest to biotechcompanies didn’t make it through the sessiomn -- one to providre up to $250,000 in an incom e tax credit to investors in nanobiotechnology firmxs and another to make nanotech companies and research eligible for more statse financing. Though a third which will helpfoster public-privatwe partnerships to better coordinate nanotech research in the will become law on Oct. 1. O’Malley also pointesd out successes, including $56 million in funding over threre years for stemcell research, $7.
7 million for nanobiotechnology researchu and $18 million doled out over threr years through the biotech tax In addition, he said, local biotech players such as Aeras and Gaithersburg-based Opgen Inc. were hiring, the latter as many as 100 even as unemployment numberssoar nationwide. The state’s Life Sciences Advisory Board, appointed by O’Malleh and chaired by Human GenomeScience Inc. CEO Tom Watkins, will releas e its recommendations for furthering the sector this week at the BIO conventionin Atlanta. “One thing we’ve clearly U.S. Rep. Chris Van Hollen, D-Md., said Mondayu at the event at Aeras.
“Ig you stand still, you fall If you stand still, others will pass you. ... Our investmentr in the biotech andbioscience [industry] is a big part of our With the new Maryland Biotechnology Montgomery County can add another feather in its economiv development cap. At the end of March, O’Malley had announcedc that the county would also housethe state’s firsg Clean Energy Center, a clearinghouse to help grow the state’ss infant clean technology industry, at the Universitiesz of Shady Grove campux in Rockville.
Maryland plans to open one of two state-fundecd bioscience centers in the Shaduy Grove Life Sciences Park in Rockvillew in thenext month. Montgomer y County officials said they host roughly 350 ofthe state’x more than 400 biotech companies, makin g them an apt choice for the maiden center. The firsyt of the two planned centers is already starting up in the Worldc Trade Center in Baltimore with roughly a dozen State officials expectthe two, totaling about $5 millionm in startup funds, to be of similarr size, each serving as a one-stop shop for biotechh industry resources and advice. Gov.
Martijn O’Malley made the announcements in preview tothe industry’s biggesrt event -- the Biotechnology Industry Organization annual trader show to be held this week in where he plans to offee more details about the center and his overal strategic plan for the state’s bioscience sector. “We’rw doing our very best with these investmentx even in thisdown economy,” O’Malleyh said after his presentation Mondayy at ’s Rockville headquarters, which the nonprofir recently expanded with a new $12 millionj manufacturing facility.
This week’s announcement marks a one-year anniversary from O’Malley’s original debut, at last year’es BIO convention, of his 10-year, $1.3 billion Bio 2020 plan to make Marylanxd a bio industryleader nationwide. Among the initiatives to be unveiled this week are measureds to result in and sustainjob growth, betterr train the state’s work force and increase venturd capital -- often cited as a dire need for this especially in a harsh economy. economic conditions left some plans in the last year on thecuttinhg floor.
While the state did preserve $6 millio for its high-demand biotech investment tax credit, a fund in jeopardyh of being cut thisbudget O’Malley had hoped to double that amounrt through his Bio 2020 He said Monday that he does expect to increase the fund amount, but didn’t know when. A few days afte O’Malley’s unveiling of Bio 2020 last June, Marylandd Comptroller Peter Franchot urged state leaders to invest pension funds inbiotechb companies. But a bill that wouldx have accomplishedthat -- proposing to invesft 0.5 percent or $20 million from the state’s pensiohn fund into qualified technology and biotechnology companiez -- failed this past session.
Two other billw of interest to biotechcompanies didn’t make it through the sessiomn -- one to providre up to $250,000 in an incom e tax credit to investors in nanobiotechnology firmxs and another to make nanotech companies and research eligible for more statse financing. Though a third which will helpfoster public-privatwe partnerships to better coordinate nanotech research in the will become law on Oct. 1. O’Malley also pointesd out successes, including $56 million in funding over threre years for stemcell research, $7.
7 million for nanobiotechnology researchu and $18 million doled out over threr years through the biotech tax In addition, he said, local biotech players such as Aeras and Gaithersburg-based Opgen Inc. were hiring, the latter as many as 100 even as unemployment numberssoar nationwide. The state’s Life Sciences Advisory Board, appointed by O’Malleh and chaired by Human GenomeScience Inc. CEO Tom Watkins, will releas e its recommendations for furthering the sector this week at the BIO conventionin Atlanta. “One thing we’ve clearly U.S. Rep. Chris Van Hollen, D-Md., said Mondayu at the event at Aeras.
“Ig you stand still, you fall If you stand still, others will pass you. ... Our investmentr in the biotech andbioscience [industry] is a big part of our With the new Maryland Biotechnology Montgomery County can add another feather in its economiv development cap. At the end of March, O’Malley had announcedc that the county would also housethe state’s firsg Clean Energy Center, a clearinghouse to help grow the state’ss infant clean technology industry, at the Universitiesz of Shady Grove campux in Rockville.
Friday, December 9, 2011
Clinical Data to send depression drug to FDA - Boston Business Journal:
ogarawo.wordpress.com
Company officials said study results suggestf that vilazodone wasgenerally well-tolerated, and the efficacuy and safety data were consistent with the findingzs from the previous Phase III Company officials say that unlike many anti-depressants, the studyy found that the effects of vilazodone on sexual functioj were comparable to placebo. Clinical Data officialzs also say the studg showed significant improvement in the symptoms of anxiety associatedwith MDD. The Phaser III trial had also sought to studt whether there is a certai n biomarker that identifies which patienta would benefit fromthe drug.
Company officials say they were not successfupl in this part of the but will continue to try to identify ways to target the drug towards those patients who wouldrespond best.
Company officials said study results suggestf that vilazodone wasgenerally well-tolerated, and the efficacuy and safety data were consistent with the findingzs from the previous Phase III Company officials say that unlike many anti-depressants, the studyy found that the effects of vilazodone on sexual functioj were comparable to placebo. Clinical Data officialzs also say the studg showed significant improvement in the symptoms of anxiety associatedwith MDD. The Phaser III trial had also sought to studt whether there is a certai n biomarker that identifies which patienta would benefit fromthe drug.
Company officials say they were not successfupl in this part of the but will continue to try to identify ways to target the drug towards those patients who wouldrespond best.
Wednesday, December 7, 2011
bizjournals: Search Results
inofiquxi.wordpress.com
billion asset-impairment charge, which basicallh wiped...... by on June 5, 2009 "Ift Cargill were a public company, which publicx company would it be?" Halfway through a torpid discussion of hislatest list, the Top by on May 7, 2007 ...further erosion of its The insurer has already been overtakehn by ., one of the companies it; 3M Co., is snapping by on March 26, 2007 ...its No. 3 positiobn in the Top 100 Public, but only because . was late to close on its acquisitiohn ofAlbertsons Inc. The...... by on March 26, 2007 "Whu are there only five womebn onyour list?" asked an early arrivap to Stat's monthly lecture. "Don't wome work hard enough?
" Stat Man...... by on June 12, 2006 ...Hawn'd rebound acquisition." In anotherr deal, an investment group that included . was expected to win an auctioj for supermarketchain Albertson's...... by on February 20, 2006
billion asset-impairment charge, which basicallh wiped...... by on June 5, 2009 "Ift Cargill were a public company, which publicx company would it be?" Halfway through a torpid discussion of hislatest list, the Top by on May 7, 2007 ...further erosion of its The insurer has already been overtakehn by ., one of the companies it; 3M Co., is snapping by on March 26, 2007 ...its No. 3 positiobn in the Top 100 Public, but only because . was late to close on its acquisitiohn ofAlbertsons Inc. The...... by on March 26, 2007 "Whu are there only five womebn onyour list?" asked an early arrivap to Stat's monthly lecture. "Don't wome work hard enough?
" Stat Man...... by on June 12, 2006 ...Hawn'd rebound acquisition." In anotherr deal, an investment group that included . was expected to win an auctioj for supermarketchain Albertson's...... by on February 20, 2006
Monday, December 5, 2011
Ky. video-gaming bill dies in Senate committee - Kansas City Business Journal:
kleopatraxnibe.blogspot.com
The Senate Appropriations Revenue Committee, on Mondayy evening, voted 10-5 against the measure, with two memberw abstaining, according to the Lexington The House had previouslyy passedthe bill. The legislation would have permitted video-lottery terminalas at Kentuckyhorse tracks, including Turfwa y Park in Florence. "The limited gaming proposalp was designed to help save a signature industry inperiol – an industry that means 100,00 0 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Mondayt evening statement. "It is unfortunate that every voic e on this critically important issue was not hearc and every votenot counted.
" At a Frankfort preses conference, Turfway Park President Bob Elliston said Turfwahy could close by 2010 if Ohio passes gaminf legislation and Kentucky does not. Ohio Gov. Ted Stricklancd recently reversed his stance against gamblingvat racetracks.
The Senate Appropriations Revenue Committee, on Mondayy evening, voted 10-5 against the measure, with two memberw abstaining, according to the Lexington The House had previouslyy passedthe bill. The legislation would have permitted video-lottery terminalas at Kentuckyhorse tracks, including Turfwa y Park in Florence. "The limited gaming proposalp was designed to help save a signature industry inperiol – an industry that means 100,00 0 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Mondayt evening statement. "It is unfortunate that every voic e on this critically important issue was not hearc and every votenot counted.
" At a Frankfort preses conference, Turfway Park President Bob Elliston said Turfwahy could close by 2010 if Ohio passes gaminf legislation and Kentucky does not. Ohio Gov. Ted Stricklancd recently reversed his stance against gamblingvat racetracks.
Saturday, December 3, 2011
Tim Tebow and Denver Super Bowl win equals NFL Armageddon - Boston Herald
ejyceh.wordpress.com
Tim Tebow and Denver Super Bowl win equals NFL Armageddon Boston Herald Let's hope that all those nerdy draftniks, know-it-all talking heads on ESPN, and NFL icons like John Elway squirm as their myopic view of the world gets Tebowed. Let's root for the Denver Broncos to win the 2012 ... |
Thursday, December 1, 2011
Greek PM Affirms Commitment to Reforms, Euro Zone In Letter To European Leaders - Wall Street Journal
uhetemejih.wordpress.com
AFP | Greek PM Affirms Commitment to Reforms, Euro Zone In Letter To European Leaders W » |
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