Sunday, February 26, 2012
SBA chief: Lending up, long road ahead - Puget Sound Business Journal (Seattle):
Brown is a a sixth-generatiom family-owned business with 47 employees andaboutg $6 million in revenue last year. It worked with to secure a $2 million loan to buy its headquarter sin Columbus. President Rob Hunt said the compan sidestepped payingabout $65,000 in fees afteer the SBA instituted a temporary waiver for businesses that borrosw through its flagship 7(a) program. Ownintg the company’s headquarters outrighy brings long-term security, he said, whicu would have been hard to find withoutfederal “Banks aren’t doing conventional loans right Hunt said. “We simply wouldn’t have been able to do this.
” Initiativess such as the fee waiver, Millss said, are making a difference in a shorty amountof time: More lenderw are getting into the fray while SBA-backed loan volums is up more than 25 percent since the passagde of the stimulus bill. That translates to nearly $4 billion in guaranteed loans, $113 milliohn of which went to Ohio businesses. But it’z making small businesses aware of the programs onhand that’se the key challenge going forward, she said. “Alkl of these things take Mills said. “Small businesses are busy runnin gtheir business.
” In addition to the waiver and an increased guarantes of 90 percent on 7(a) loans, the SBA also has offereds a surety bond guarantee of $5 million, up from $2 for businesses competing for federakl contracts. On June 15, it’sx rolling out a program dubbed America’s Recovery Capital, whic h offers loans of up to $35,000o for businesses struggling to make debt Those loans are fullg guaranteed and have a deferredpaymen schedule. And next month, the SBA will begin offering guaranteed loans to finance inventory for automobile dealers throughgSeptember 2010.
Mills said she’s confident the agency has the righ t tools in place for smallpbusinesses – and the outlook on the economyu hasn’t hurt either. “The sense from small businesses and otherss is that the free fallhas stopped,” she said. “Bur we still have a ways to go.”
Friday, February 24, 2012
Hotels add green practices, health amenities - bizjournals Business Travel Guide
Instead, they’re recyclable bins, low-flow toiletse and energy-efficient lighting: Features that don’g show up in brochure photos but are far more importangt in attracting guests and meetingbusiness today, industryt leaders say. Hotels also are adding amenities such as expanded gyms and snacm shops sellingorganic food. Indeed, the green and health-consciouds movements that have swept through the automotiver and restaurant industries areinfluencing today’s lodgingy business. What may be most interestinyg isn’t why these trends are remaking thehotep business, but who’s pushing them.
It’d the younger travelers and meetingplannerxs — the Generation X and Y members who hold importan t jobs and have the disposablw income to vacation according to their principlesz — that are shifting the industry. “Whatf we wanted to do was take advantage of the factthat today’z traveler has different priorities,” said William Edmundson, 44, president, Cambri Suites, who added that younger travelers now outnumber baby boomedr travelers. “For different generations there aredifferentf expectations. People do thingsx differently.” The environmental movement is closely linked to the younger generations’ wishes.
A recent survety by Sherman, Conn.-based research firm PhoCusWright revealex that 44 percentof U.S. travelerxs now consider environmental factors whenplanningf vacations. That attitude most influencews their decisions on what mode of travel to and which tour companies and lodging they research director CarrollRheem said. Hotelsz began picking up on this in the past couplerof years, and the trend really spiked arouned the time of last year’ss Democratic National Convention, said Christine O’Donnell, presidenty of the .
Almost every area hotel added more recycling bins, and many put out rentaol bike racks so that youngef visitors, especially, and delegates could traversr the city while leaving a lower carbon she said. Avon-based East West Partners has applied for LEED certification for the Westin Riverfront in a designation that would make it the firsf hotel in Colorado tohave low-energy Hotel general manager Bob Trotter and Andy East West project manager, said that whilew the cost of a project may rise 3 percen to 5 percent because of green initiatives such as the five-acre park they marked out beside the hotels make up the money in both savesd energy costs and increased visits.
“The youngetr you go, especially with the GenerationbY folks, they’re really tuned into environmental Gunion said. The business world also is pushing green initiativexsfor hotels, some of which get as much as 70 percent of theidr business from company meetings rather than vacationb travelers. Roughly 75 percent of meeting plannersz ask about green initiatives when deciding where they want to have a saidJenni Gaherty, director of sales and marketing at the JW Marrioty Denver at Cherry Creek. They ask most often abougt recycling programsand energy-efficient lighting.
Some have gone further, requesting wate r pitchers rather than bottled water and even bulk condimentas rather than individual ketchup packets for she said. Shannon McCorison, manager of global marketiny for warehouse-space developer , which is basedd in Denver, said her company began demanding greenn initiatives at meeting sites after hearing questionzs and requests from many ofits attendees. Younh attendees make most of those requests, but also, many requests came from olderf workers influenced bytheir children, who are Gen Y or even she said. Health amenities have becomd a bigger factoras well.
Choice Hotels launche d its new Cambria Suites braned several years ago in response to requestds from younger travelers for healthierdlodging options, Edmundson said. The hotels, including one set to open June 18 at16001 E. 40th Circl in Aurora, have 1,100-square-foot fitness centers and conveniencd stores withorganic foods. Anothet new hotel brand, Starwood’s Aloft, is looking to cater to 25- to 45-year-old business people with lifestylew amenities, such as greatert technology access anda “sassy” staff that interactss with the travelers, said John Muller, general managerr of the new hotel at 8300 Arista Place, One negative factor: Travelers need to beware of companiesz or hotels that could be their credentials, said Peggy Lichter, presidenf of green-themed Wiser World Travel in Boulder.
Being “green” is a very undefinefd term, and some places will claim the monikee just for asking whether travelersw want to use their towels a second time before havingvthem washed, she warned. “Ik think in recent years, because sustainability is becoming more populart and is easyto understand, it’e something a lot of placezs are doing,” Lichter said. “It’s going to positively affecyt yourimage … and it’s going to be good for the bottojm line because the hotel will
Wednesday, February 22, 2012
Oscars Will Drop References to Kodak Theatre - Hollywood Reporter
Hollywood Reporter | Oscars Will Drop References to Kodak Theatre Hollywood Reporter Academy president Tom Sherak said they are dropping mention of the venue as the Kodak Theatre at the request of the landlord, the CIM Group. The decision to drop the Kodak name from the show comes in the wake of the bankruptcy of Kodak, and approval ... KABC: Kodak Th eatre To Be "Hollywood & Highland Center" Kodak Theatre's new name no longer a mystery Oscar Countdown: Sherak On Kodak Theatre's New Name, รข¦ |
Monday, February 20, 2012
St. Etienne wins laugher - FOXSports.com
FOXSports.com | St. Etienne wins laugher FOXSports.com ASSE leapfrogged Rennes into sixth place, and level with fourth-placed Marseille in the congested table after running riot in the second half. Jean-Pascal Mignot put them ahead after 25 minutes and after Ludovic Battles doubled the lead eight minutes ... |
Saturday, February 18, 2012
Martek Biosciences Corp. 2Q profit rises 20 percent - Boston Business Journal:
The company reported $92.4 millioh in revenue for the quarted endingApril 30, up 2 percent from the same periode last year. It earned $11 million in net income, or 33 centxs per diluted share, during the second quarter, compared with $9.2 or 28 cents per diluted during the second quarter of last Analysts polled by expected the company to earn 29 centsa per shareand $89 million in revenue. Marteik (NASDAQ: MATK) sells nutritional oils derived from algade that are used ininfantg formula, dietary supplements and food productss such as yogurt and juice. Sales of its nutritional supplementd to the nursing market rose to arecords $9.8 million.
But the company warned that its infant formula sales in the thire and fourth quarters could drop as retailers trim theitr inventories ofthe product. The companyy anticipates that infant formula revenue will grow in fiscal 2010 as a result of strong demand for infant formula productsw containing its nutritional oils DHAand ARA. The Omega-23 fatty acids are believed to play an important role in braim andeye development. study that couldx show that Martek’s DHA can slow the progressiojnof Alzheimer’s disease.
Thursday, February 16, 2012
Act III: Rehearsals - Orange County Review
Act III: Rehearsals Orange County Review In the early stages of rehearsals for the Four County Players upcoming spring musical, "The Scarlet Pimpernel," even the props play a role, as a ladder stands in for a to-be-built guillotine. Here, Broadway veteran Eric Hart is blocking the musical's ... |
Tuesday, February 14, 2012
India concerned about current situation in Gulf region: Antony - Times of India
The Hindu | India concerned about current situation in Gulf region: Antony Times of India RIYADH: Observing that the current situation in the Gulf region was a cause for "great concern" for India, defence minister AK Antony on Tuesday hoped that the crisis there will be resolved through peaceful dialogue. The defence minister, who is on a ... Boost to defense ties with India |


