hustbelogehy1857.blogspot.com
The New York-based manufacturer will invesftabout $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terrace into a according to Bonnie Renfro, presiden of the Randolph County Economicx Development Corp. The jobs that will be created will paybetween $14 and $15 per hour with full she said. Stickley officials did not returnm callsseeking comment, but Vice President Edward Audi told tradde newspaper Furniture Today that the expansion is a good signao about the company’s forecaste for the economy. “We are cautiously optimistic aboutthe future,” he told the paper. “W e are already planning for theeconomidc recovery.
” Renfro said her agency is working with othe r clients she can’t yet disclose that are interested in sites in the including one that could announce up to 125 new jobs sometimde this summer. “There are so many advantages in North Carolina and the Triad forfurnituree companies, including our wonderful supply chain, the pool of the (High Point Market) itself and all our Renfro said. The expansion comes with only a minofr costto taxpayers, she noted.
Both Randolph Countyh and the city of Archdale agreed to each pay halfthe $11,25p0 cost of extending natural gas lines to the new factory No other incentives were involved, she Renfro expects construction work to be finishef this year and hiring to take place in 2010.
السبت، 30 أبريل 2011
الخميس، 28 أبريل 2011
Target's Q1 profit beats estimates - Minneapolis / St. Paul Business Journal:
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The Minneapolis-based retailer reported net earningsof $522 or 69 cents per share, for the quarter endedc May 2. That’s down from $602 or 74 cent per share, in the comparabl quarter last year. Analysts surveyed by Thomson Reutersz had projected earnings of 59 centaper share. Target’s total revenue came in at $14.83 billion for the firstr quarter, up 0.2 percenr from $14.8 billion a year ago. Store salesa increased 0.4 percent to $14.36 billion, as new stor e growth offset a 3.7 percent decline in same-store Credit card revenue declined 5.7 percenyt to $472 million.
In a statement, Targetf Chairman, President and CEO Gregg Steinhafel said store performancd improved thanks to strong food and commodity salese andreduced expenses. The credit card results, were “stable, profitable and consistent with our he said. “Very importantly, we believe this improvedr stability and predictability in key aspectsd of both our retail and credit card segments reflects the resiliencw of our strategy and underscores our abilit y to generate substantial value for our shareholdersover time,” Steinhafell said. At the end of the first Target (NYSE: TGT) operated 1,69 stores in 49 states.
The Minneapolis-based retailer reported net earningsof $522 or 69 cents per share, for the quarter endedc May 2. That’s down from $602 or 74 cent per share, in the comparabl quarter last year. Analysts surveyed by Thomson Reutersz had projected earnings of 59 centaper share. Target’s total revenue came in at $14.83 billion for the firstr quarter, up 0.2 percenr from $14.8 billion a year ago. Store salesa increased 0.4 percent to $14.36 billion, as new stor e growth offset a 3.7 percent decline in same-store Credit card revenue declined 5.7 percenyt to $472 million.
In a statement, Targetf Chairman, President and CEO Gregg Steinhafel said store performancd improved thanks to strong food and commodity salese andreduced expenses. The credit card results, were “stable, profitable and consistent with our he said. “Very importantly, we believe this improvedr stability and predictability in key aspectsd of both our retail and credit card segments reflects the resiliencw of our strategy and underscores our abilit y to generate substantial value for our shareholdersover time,” Steinhafell said. At the end of the first Target (NYSE: TGT) operated 1,69 stores in 49 states.
الثلاثاء، 26 أبريل 2011
A shift in Charlotte's center city - Puget Sound Business Journal (Seattle):
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The great recession has shifted theuptowhn group’s priorities, vaulting a precarious office-vacancyt rate to the top of the By the end of July, the organization best known for promoting big-ticketg projects will hire a busines s recruiter who will work with real estate brokers and the . “Iy is going to be an individual who is dedicated and compensatede based on their ability to recruit new capital investment and new jobs and lease squar footage in thecenter city,” says Michael Smith, Charlotte Center City Partners president and chief executive. “We will have more resources dedicated in that The shift is drivenb by the neweconomic realities.
After two decadees of relentless growth powered by the bankingt empires atand , the Queen City is grappling with a fast-growiny jobless rate and office vacancy in the central businesse district that is expected to reach 10%. Employmenr in center city and the adjacent South End districr has shrunkto 65,000 from 70,000o during the past year or so, Smithb estimates. Looking ahead, it’s unlikely the cratering financiap sector will drivethe region’s economyu as it has in recent Those changes affect everythintg from the pace of residential growth to prospective expansiona in transit and retail.
Smith and his organization are focusingv on luring more jobs and businessee while also adjusting to the neweconomivc reality. Its initiatives •The recent unveiling of a campaign called Urban Living that toutzs the benefits ofresidential growth. From courting real estate brokers and the news medias to walking toursand advertising, the effort will includes two annual showcases and make a push to attrac t residents to the center city. •Launching the next phase of Find Your designed to supportuptown shopping, bars and other Smith, in talks with chamber executives, has createdr the recruiting position and planxs an aggressive effort to fill new and existinfg office towers.
Those include the soon-to-opem $90 million, 20-story NASCAR Plazq as well as new towers to be anchoreed byand BofA. Business recruiting in Charlottre has traditionally been the domain ofthe chamber. It has a five-membef economic-development staff that is augmented by other chamber executivewand employees. The , the city of Charlotte and Mecklenburhg County alsohave economic-development initiativesd and personnel in place to share in recruiting and incentive work. But Smith’s new hire will focud solely on uptown.
Any concernsx about duplication of effort are outweighed by the need for a strongefr push to land elusivecorporater recruits, says Bob Morgan, Charlotte Chamber “Is there the potential for us to step on each other’ss toes? Of course. But we can mitigatre that and produce better results working together and havin gadditional resources.” Morgan sees the center city group’w economic-development foray as part of a larger trend. In recenty years, Lake Norman and Matthews havestartedx hyper-local business-recruiting groups while maintainin g ties with the chamber.
Already, Morgan and otherf chamber executives have outlined an informal plan with Smityh ontheir collaboration, with the chamber maintaining the lead role but callintg on the center city recruitert for assistance. It’s similar to how the chambef works with private developers in the The reasons for the expanded recruitinb focusare obvious. Morgan notes he delivered a speechyon Charlotte’s next two decades of growtgh to more than 150 groups over a three-yeard period before the economic malaise set in last fall. he says, “nobody wants to hear that They want to know what we can do aboutf the economy todayand tomorrow.
” It’e a fine line to walk for groups such as Charlotte Center City Partners is laying the groundwork for an expansive 10-year plan this year even as it focuses on the rapidly shifting businessw climate (see related storyh on this page). Pushing ahea on corporate relocations should be made easier by the crossover of the main recruiterxsin town, supporters say. “You don’t want people stumbling over each saysDarrel Williams, a former county commissionet who serves on the Charlottee Center City Partners board. He pointe to fellow board members including chamber executive Morgan and both the city and countymanagerxs — as insurance against bureaucratic snags.
Without those close he adds, it would be much more difficultto do. Leaders pointy to uptown’s growing office-vacancy rate as a negative that can beturnefd around. Or, at least, one they hope can be turner around. “The tighter marke t (for office space) has been one of our impedimenta to attracting headquarters in the center city in recent says City ManagerCurt Walton. “If somebody wantedr 300,000 square feet, we couldn’t give it to them. Now we can.
That’w the silver lining to the
The great recession has shifted theuptowhn group’s priorities, vaulting a precarious office-vacancyt rate to the top of the By the end of July, the organization best known for promoting big-ticketg projects will hire a busines s recruiter who will work with real estate brokers and the . “Iy is going to be an individual who is dedicated and compensatede based on their ability to recruit new capital investment and new jobs and lease squar footage in thecenter city,” says Michael Smith, Charlotte Center City Partners president and chief executive. “We will have more resources dedicated in that The shift is drivenb by the neweconomic realities.
After two decadees of relentless growth powered by the bankingt empires atand , the Queen City is grappling with a fast-growiny jobless rate and office vacancy in the central businesse district that is expected to reach 10%. Employmenr in center city and the adjacent South End districr has shrunkto 65,000 from 70,000o during the past year or so, Smithb estimates. Looking ahead, it’s unlikely the cratering financiap sector will drivethe region’s economyu as it has in recent Those changes affect everythintg from the pace of residential growth to prospective expansiona in transit and retail.
Smith and his organization are focusingv on luring more jobs and businessee while also adjusting to the neweconomivc reality. Its initiatives •The recent unveiling of a campaign called Urban Living that toutzs the benefits ofresidential growth. From courting real estate brokers and the news medias to walking toursand advertising, the effort will includes two annual showcases and make a push to attrac t residents to the center city. •Launching the next phase of Find Your designed to supportuptown shopping, bars and other Smith, in talks with chamber executives, has createdr the recruiting position and planxs an aggressive effort to fill new and existinfg office towers.
Those include the soon-to-opem $90 million, 20-story NASCAR Plazq as well as new towers to be anchoreed byand BofA. Business recruiting in Charlottre has traditionally been the domain ofthe chamber. It has a five-membef economic-development staff that is augmented by other chamber executivewand employees. The , the city of Charlotte and Mecklenburhg County alsohave economic-development initiativesd and personnel in place to share in recruiting and incentive work. But Smith’s new hire will focud solely on uptown.
Any concernsx about duplication of effort are outweighed by the need for a strongefr push to land elusivecorporater recruits, says Bob Morgan, Charlotte Chamber “Is there the potential for us to step on each other’ss toes? Of course. But we can mitigatre that and produce better results working together and havin gadditional resources.” Morgan sees the center city group’w economic-development foray as part of a larger trend. In recenty years, Lake Norman and Matthews havestartedx hyper-local business-recruiting groups while maintainin g ties with the chamber.
Already, Morgan and otherf chamber executives have outlined an informal plan with Smityh ontheir collaboration, with the chamber maintaining the lead role but callintg on the center city recruitert for assistance. It’s similar to how the chambef works with private developers in the The reasons for the expanded recruitinb focusare obvious. Morgan notes he delivered a speechyon Charlotte’s next two decades of growtgh to more than 150 groups over a three-yeard period before the economic malaise set in last fall. he says, “nobody wants to hear that They want to know what we can do aboutf the economy todayand tomorrow.
” It’e a fine line to walk for groups such as Charlotte Center City Partners is laying the groundwork for an expansive 10-year plan this year even as it focuses on the rapidly shifting businessw climate (see related storyh on this page). Pushing ahea on corporate relocations should be made easier by the crossover of the main recruiterxsin town, supporters say. “You don’t want people stumbling over each saysDarrel Williams, a former county commissionet who serves on the Charlottee Center City Partners board. He pointe to fellow board members including chamber executive Morgan and both the city and countymanagerxs — as insurance against bureaucratic snags.
Without those close he adds, it would be much more difficultto do. Leaders pointy to uptown’s growing office-vacancy rate as a negative that can beturnefd around. Or, at least, one they hope can be turner around. “The tighter marke t (for office space) has been one of our impedimenta to attracting headquarters in the center city in recent says City ManagerCurt Walton. “If somebody wantedr 300,000 square feet, we couldn’t give it to them. Now we can.
That’w the silver lining to the
السبت، 23 أبريل 2011
N.C. lures Apple to build $1B data center - Triangle Business Journal:
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The facility will employ at least 50peoplwe full-time. Perdue did not disclos e a specific location forthe facility, but Charlotts Business Journal reported that Apple is that woulx put the server farm in in Catawba northwest of Charlotte. The Apple announcemeng came Wednesday morning aftetr Perdue signed legislation that modifies the methosd bywhich capital-intensive businesses calculate corporate income tax liabilityh in the state. The new law couldr lower Apple's tax bill by $46 millio n over the next decade ifthe company's spends at least $1 billiojn on its server farm.
As part of the a capital-intensive industry must meet investment and wage standardzs and provide its employees with healthj insurance in order to utilizee the modified formula for calculating the state corporateincome tax, the governor’ss office said. It also must locate in one of the state’sz more economically distressed Tier 1 or Tier 2 The legislation requires that the averags wage exceed the wage standard of the county inwhicyh it’s located.
A data center such as this will typically contracr locally for services such as servefr maintenanceand repair, building and HVAC maintenance, landscaping and securityu – expenditures that the governor’s office says coulr range from $5 million to $6 million annuallyg in the region and create up to 250 “North Carolina continues to be a primwe location for growing and expanding globak technology companies,” Perdue said in a writtenn statement. “We welcome Apple to Northj Carolina and look forward to working with the compant as it begins providing a significant economic boost to local communities andthe state.
” The Norty Carolina Department of Commerce projects that a data center investment of $1 billion would create more than 3,0000 jobs in the regional economy, including hundreds of jobs relatef to construction and others created as a resulg of economic growth.
The facility will employ at least 50peoplwe full-time. Perdue did not disclos e a specific location forthe facility, but Charlotts Business Journal reported that Apple is that woulx put the server farm in in Catawba northwest of Charlotte. The Apple announcemeng came Wednesday morning aftetr Perdue signed legislation that modifies the methosd bywhich capital-intensive businesses calculate corporate income tax liabilityh in the state. The new law couldr lower Apple's tax bill by $46 millio n over the next decade ifthe company's spends at least $1 billiojn on its server farm.
As part of the a capital-intensive industry must meet investment and wage standardzs and provide its employees with healthj insurance in order to utilizee the modified formula for calculating the state corporateincome tax, the governor’ss office said. It also must locate in one of the state’sz more economically distressed Tier 1 or Tier 2 The legislation requires that the averags wage exceed the wage standard of the county inwhicyh it’s located.
A data center such as this will typically contracr locally for services such as servefr maintenanceand repair, building and HVAC maintenance, landscaping and securityu – expenditures that the governor’s office says coulr range from $5 million to $6 million annuallyg in the region and create up to 250 “North Carolina continues to be a primwe location for growing and expanding globak technology companies,” Perdue said in a writtenn statement. “We welcome Apple to Northj Carolina and look forward to working with the compant as it begins providing a significant economic boost to local communities andthe state.
” The Norty Carolina Department of Commerce projects that a data center investment of $1 billion would create more than 3,0000 jobs in the regional economy, including hundreds of jobs relatef to construction and others created as a resulg of economic growth.
الخميس، 21 أبريل 2011
Filling NCR headquarters space to be difficult - Business First of Louisville:
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Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-foo t building to an education institution or the city of Dayton may be thebest bet. The brokerse said trying to market the space to anothef corporate user would be difficult as there are few singlw users out there needing thatmuch space. It could be parceledf into an office complex formultiple users. NCR intendsz to sell the a company spokesperson The five-story property is among the largestf office buildings in the Dayton Paul Hutchins, owner and broker with Dayton-based , said a good optioh would be to donate the building to the .
NCR woulsd gain the benefits of atax write-off and the universitu would have a business campus, complete with parking, a cafeteriq and plenty of space for classrooms, to mold for its needs. “Ik bet they’ve already talkee about donating it to Hutchins said. “Giving it to UD is a no-brainer. NCR gets a huge tax write-offd and UD gets a high-tech technology Mark Fornes, owner of Centerville-based , agreed. “It woulrd be really nice if they give it to Fornes said. “It would be a nice gesture in returb for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Patterson sits on 54 acres.
Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-foo t building to an education institution or the city of Dayton may be thebest bet. The brokerse said trying to market the space to anothef corporate user would be difficult as there are few singlw users out there needing thatmuch space. It could be parceledf into an office complex formultiple users. NCR intendsz to sell the a company spokesperson The five-story property is among the largestf office buildings in the Dayton Paul Hutchins, owner and broker with Dayton-based , said a good optioh would be to donate the building to the .
NCR woulsd gain the benefits of atax write-off and the universitu would have a business campus, complete with parking, a cafeteriq and plenty of space for classrooms, to mold for its needs. “Ik bet they’ve already talkee about donating it to Hutchins said. “Giving it to UD is a no-brainer. NCR gets a huge tax write-offd and UD gets a high-tech technology Mark Fornes, owner of Centerville-based , agreed. “It woulrd be really nice if they give it to Fornes said. “It would be a nice gesture in returb for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Patterson sits on 54 acres.
الثلاثاء، 19 أبريل 2011
السبت، 16 أبريل 2011
RehabCare sells consulting division to Premier - Charlotte Business Journal:
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for an undisclosed amount. The called , provides managementy and economic consulting services tothe health-care including strategic planning, revenue cycle enhancement, physician alignmentt and clinical operations improvement. The consulting businesss has 30 employees in offices in SaltLake Utah, and Austin, Texas, and reportedc nearly $10 million in revenue last year, accordintg to Jay Shreiner, RehabCare's chie financial officer. RehabCare bought Phase 2 Consultinhgin 2004, when John Shorty was named RehabCare’s presidenf and chief executive officer.
RehabCare said it planes to use the proceeds from the sale to The shakg economy prompted RehabCare Grou to build up its cash The Clayton-based company nearly doubled its profit in the first quarter of 2009, reporting $8.7 milliom in profit on revenue of $203.4 million. This comparesz to a $4.5 millioj profit on $182.4 million in revenue for the first quartefof 2008. RehabCare ended the first quarter this yearwith $38.3 million in cash and cash equivalents.
“Givenb the aging population and the support for bundled Medicarre payments buildingin Washington, we foresee a rapidly expanding demand for our continuun of post-acute care Short said in a “This transaction allows us to focus more of our resourcesa and energies on our core business.” Shorf wants to double the size of the hospital division “as quickly as humanly possible,” according to commentz he recently made at an investors conference in Boston. The division currently operates11 hospitals, whicyh RehabCare owns independently or through joing ventures. RehabCare would like to increase this to 20 to 25 to achievde better economiesof scale. St.
Louis-based RehabCare (NYSE: RHB) provides physical rehabilitation program management services in morethan 1,200 hospitals, nursing homes and other long-ter m care facilities throughout the Uniteds States. The company also owns or operatesx freestanding rehabilitationand long-terk acute care hospitals. The Premierr health-care alliance represents more than 2,10 U.S. hospitals and more than 58,000 otherd health-care sites. Premier maintains a national repository of financial and outcomes information and operatesea health-care purchasing network.
for an undisclosed amount. The called , provides managementy and economic consulting services tothe health-care including strategic planning, revenue cycle enhancement, physician alignmentt and clinical operations improvement. The consulting businesss has 30 employees in offices in SaltLake Utah, and Austin, Texas, and reportedc nearly $10 million in revenue last year, accordintg to Jay Shreiner, RehabCare's chie financial officer. RehabCare bought Phase 2 Consultinhgin 2004, when John Shorty was named RehabCare’s presidenf and chief executive officer.
RehabCare said it planes to use the proceeds from the sale to The shakg economy prompted RehabCare Grou to build up its cash The Clayton-based company nearly doubled its profit in the first quarter of 2009, reporting $8.7 milliom in profit on revenue of $203.4 million. This comparesz to a $4.5 millioj profit on $182.4 million in revenue for the first quartefof 2008. RehabCare ended the first quarter this yearwith $38.3 million in cash and cash equivalents.
“Givenb the aging population and the support for bundled Medicarre payments buildingin Washington, we foresee a rapidly expanding demand for our continuun of post-acute care Short said in a “This transaction allows us to focus more of our resourcesa and energies on our core business.” Shorf wants to double the size of the hospital division “as quickly as humanly possible,” according to commentz he recently made at an investors conference in Boston. The division currently operates11 hospitals, whicyh RehabCare owns independently or through joing ventures. RehabCare would like to increase this to 20 to 25 to achievde better economiesof scale. St.
Louis-based RehabCare (NYSE: RHB) provides physical rehabilitation program management services in morethan 1,200 hospitals, nursing homes and other long-ter m care facilities throughout the Uniteds States. The company also owns or operatesx freestanding rehabilitationand long-terk acute care hospitals. The Premierr health-care alliance represents more than 2,10 U.S. hospitals and more than 58,000 otherd health-care sites. Premier maintains a national repository of financial and outcomes information and operatesea health-care purchasing network.
الخميس، 14 أبريل 2011
Hensel Phelps to build Nashville hotel - Denver Business Journal:
http://dnbproduction.com/?p=24
Phelps Portman Nashville LLC, which includez Hensel Phelps subsidiaryPhelpsz Development, is developing the hotel. The Portmajn part of the partnership is Portmahn Holdings LLCof Atlanta. The hotel will be an integra l part of the new Music City Center convention center beingh developed indowntown Nashville. The 1.2 million-square-foot convention center is beingt built under the auspices of the Nashvill Metropolitan Development and HousingAgenchy (MDHA), and is expected to open in 2012. The new funded by visitor taxes, will replace the existinhg downtownconvention center.
In earlh June, Nashville’s metro council authorized $75 million for the MDHA to starr buying the 16 acres wherw the new center willbe located. Site work is expectexd to being after the parcels havebeen purchased. “zA hotel of this scale requires special expertise to bring to Phil Ryan, MDHA’s executive director, said in a “The Phelps Portman group has been involvedd with the development of 10 hotels with 1,000 or more rooms Other hotels developed by the Phelps-Portman partnership include the 1,190-rookm Hilton San Diego Bayfront Hotel. The partners currentlu are buildinga $348 million, 1,200-room hotel for the San Diegp Convention Center.
Phelps Portman Nashville LLC, which includez Hensel Phelps subsidiaryPhelpsz Development, is developing the hotel. The Portmajn part of the partnership is Portmahn Holdings LLCof Atlanta. The hotel will be an integra l part of the new Music City Center convention center beingh developed indowntown Nashville. The 1.2 million-square-foot convention center is beingt built under the auspices of the Nashvill Metropolitan Development and HousingAgenchy (MDHA), and is expected to open in 2012. The new funded by visitor taxes, will replace the existinhg downtownconvention center.
In earlh June, Nashville’s metro council authorized $75 million for the MDHA to starr buying the 16 acres wherw the new center willbe located. Site work is expectexd to being after the parcels havebeen purchased. “zA hotel of this scale requires special expertise to bring to Phil Ryan, MDHA’s executive director, said in a “The Phelps Portman group has been involvedd with the development of 10 hotels with 1,000 or more rooms Other hotels developed by the Phelps-Portman partnership include the 1,190-rookm Hilton San Diego Bayfront Hotel. The partners currentlu are buildinga $348 million, 1,200-room hotel for the San Diegp Convention Center.
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