75 Hawthorne goes LEED Gold – Portland Business Journal:

The developer and owne has received LEED gold certification for 75 Hawthornre atHawthorne Plaza, the second highesft designation under the ’s LEED for existing building rating system. It is the firsr multi-tenant existing building in San Franciscoo to win LEEDgold certification. The designationb could help Hines retain itsanchofr tenant, the western headquarters. The EPA occupies 265,000 squarwe feet, roughly 76 percent of the which is 84percent leased. The EPA is in the procesws of looking for anew 300,00p0 square foot home to lease and is being courte by 370 Third St., 1355 Marketf St., as well as 350 Bush St., a build-to-suitr option in the financial district.
The buildinh owners in the running for the lease are all emphasizingy what will certainly be a key factor in the green building. Offers were due on Jan. 30 of this year and occupancuy would be required by Februaryof 2011. The EPA solicitationb states that the building isto “reflect environmental best The space — whether new constructiom or an existing building — must achieve a minimum of silveer under the requirements of the Leadership in Energyy and Environmental Design.
“Witu limited new development, the ‘greening’ of existing building stockl represents anenormous opportunity,” said Hines Senior Vice President Paul Hines, in partnership with REEFF, acquire d the property in 2007 for $400 a squarw foot and immediately introduced a numberr of programs that continude to reduce energy consumptionn and promote a healthier tenant work environment, including more efficient reducing water demand with low-flow fixtures, and startinvg a recycling and composting program that will diverg approximately 215 tons from the landfilpl in 2009. As a the building annually saves $2.
37 per squarwe foot and achieves greenhouse gas reductions equivalent to removintg 360 passenger vehicles fromthe road.
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Judge dismisses challenge to Duke Energy coal plant – Sacramento Business Journal:

The decision doesn’t end the legalo squabbling overthe coal-fired poweer facility. But Judge Lacy Thornburg denied a motiom by the environmental groups to halt construction ofthe 825-megawatr unit. He said the statd has undertaken a revie wof Duke’s air-quality permit as he ordered in December. He also denieed Duke’s motion for summary judgmenft inits favor. He said the environmental groupsw can continue pursue challengexs to the permit and the planyt instate courts. Thornburg acknowledges the case may ultimatelyy return to the federal But he says there is no point to haviny state and federal reviewscontinuing simultaneously.
Jasonb Walls, a spokesman for Charlotte-based Duke, says the utility is “very pleased with the ruling today.” He says Thornburg’s decisiob makes it clear that the state has undertaken all the requireed reviews to issue aproper air-qualitty permit. And he says Duke remains confident the permir will stand up to court Walls saysthe $1.8 billion Cliffside unit is 40 percen t complete and remains on budgetr and on schedule to startr producing power in 2012. The unit is beingb built on the border of Cleveland andRutherforx counties. Representatives from the environmental groupsx could not be reached immediatelyfor comment.
Most of the organizationsa that filed the federal challenge have a separatw appeal pending with the state Office ofAdministrativd Hearings. As Thornburg’s ruling anticipates, that challengse is likely to continue. Like many thinge involving theCliffside project, the federalo challenge has a complicated history. The state granted Duke an air-qualitty permit for the plant inJanuar 2007. But the legality of the permit was callecd into question by a federal appeals court rulingt thefollowing month. That ruling held that the Environmenta Protection Agency had improperlyexempted coal-fired powe r plants from pollution-control reviews required by the federal Cleabn Air Act.
The , and others contendedr that without aproper permit, Duke was buildin g the Cliffside unit illegally. A year ago, the groups filedf the federal suit seeking tostop construction. Thornburg rulede in December that Cliffside qualified as apossibled “major source” of hazardous pollutants mercury in this case. It was an importany victory forthe environmentalists. Thornburg said federal law required the stated to determine if Duke had designed the plant with the best available technologu for the most effective control formercury emissions. That revieq had not been he said.
But Thornburg did not order a haltto Instead, he told Duke to apply immediately for a proper The utility, a unit of did so. The state found Cliffside wasn’t a majof source of mercury pollution. That meantt Duke was in compliance with the federal CleanAir Act. That is the orde the groups have since appealed through anadministrative hearing. Thornburg says the environmental organizations can appeal to the state court s if they remain unsatisfied after theadministrativw hearing. But he says the state has reviewee Duke’s plans for pollutiojn control ashe ordered. He citee a report from the Division of Air Quality outlininv the steps it took and a brief fromthe N.C.
attorneyu general saying the division had complieds with theDecember order. After exhaustinh state appeals, either side could appea l the case again to thefederapl courts, Thornburg says.
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Law firm weighs move from downtown offices – Dallas Business Journal:

"It's no secret we're not happy with our he said. "In all likelihood, we'll go We're not pleased with the way the building'x being operated." In January, Bickel Brewer filed a lawsui in Dallas County courseeking $500,000 in damages againsrt the joint owners of the Canadian-based TrizecHahn Corp. (NYSE: TZH) and . The suit claimsx the owners have failed to reimburs the law firm for repairs and upgrades it made to itsofficre space. It also alleges expenses are chargedd to tenants that should be billed to BankOne Center'sz capital expenses.
And, the firm claims service are substandard in the areas of security and including instances of cleaning peopleworkinbg barefoot. "The services are not consisten t withwhat you'd expect from a Class A building in downtowbn Dallas," said Michael McCormack, director of administration at Bickel & did not return phone calls from the Dallasd Business Journal by press Among options being considered by the law firm is a 120,000-square-footy build-to-suit building in Far North Dallas alonfg the Dallas North Tollway, Brewer If the firm takes this route, it wouldf retain 50,000 to 70,000 square feet for itselfr and lease the rest of the building.
It woulds be a Class A facilitt and include afitnesx area, day care and a The cost of this type of building wouldr range from $15.6 million to $16. 8 million, industry sources said. Brewe said the firm operates ona debt-free basis and doesn'gt expect this status to change if it decides to construct its own Various partners, such as the building's developer, woulcd probably contribute to constructiomn costs, he said. Moving its offices out of the centrak business district is an unusual decision for a law saidBob Edge, executive director of Cushman & Wakefield of Texas Inc. Downtow n has long been the traditional location for law banks andaccounting firms.
"Thatt would be one of the more significant announcements in a very long he said. "You only have one majord announcement of a law firm movingt out of downtown in the last 25 years and that wasJonesz Day, who moved across the freeway into Uptown." Kirbyu White agrees. "By historical standards, it wouldf be unusual for a larges firm to movefrom downtown," said White, leasing managerf for Crescent Real Estate Equities, who specializes in the downtowhn market. But, Brewer said his firm has nevert been one to standon tradition. "We've alwayse been on the cutting edge," he said.
"I suppose if we were just startingf out now and no one knew whowe were, there might be some sense in being But, I don't think peoplee come to us because they were riding the elevato at Bank One Center. They come to us becausd they know what we can Most ofthe firm's employeesd live in the northern part of the Brewer said. There is significany risk in stepping into the realestates market, Edge said. But, that doesn't worrt Brewer. "Our own instinct is that this is a tremendouw opportunity to take a small he said. "We don't see it as a big Besides, there's always some risk in any equitgy play, whether it's stocks or real estate.
"
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Colliers adds to Nashville management team – Memphis Business Journal:

“Creighton brings more than 12 yeards of experience in the commercia l real estate industryto Colliers,” says Doug managing principal for Colliers' Nashville office. “We are thrille d to have him onour team.” Wright’x responsibilities will include the management of largwe institutionally owned health and medical facilities, as well as the growt h of the business line. Until Marcu of this year, Wright was vice president of mixed-us development for Southern Land Co., where he was responsibles for the development of select realestat projects. Southern Land underwent a shift in executive team makeup earlierthis year.
The Franklin-based development company announcee the appointments of Briajn Sewell as president and Chrids Bove as CEO inearlyu February. Southern Land is the developer of the Williamsonm County residentialprojects Westhaven, LaurelBrooke and McEwen. The compangy also has projects inthe Dallas/Forrt Worth, Houston and Austin, Texas, markets.
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Colorado lands PTAC contract center – Denver Business Journal:

has awarded Colorado a that will aid smalp businesses in getting contractszwith federal, state and local governments. Therw are 93 PTACs across the but the new center announced Thursdat will be the first in It will be located in Colorado Springs and will help businessez statewide compete for military andotherf funding. “Getting this center in Coloradoi has long been a goalof Colorado’sw business community, and it is Colorado is one of only a handfulo of states that do not have such a U.S. Sen. Mark Udall, D-Colo., said in a “That’s a travesty, given the large federal and military presencein Colorado.
” Businesses workinh through PTACs received $14 billion in contractsa nationally and created or retained 334,00 0 jobs during the most recent procurement cycle, according to figurexs released by Gov. Bill Ritter’s office. The applicationj process for the PTAC wasa multi-year effort involvinh the , the and the Glenwood Springs-basedr Institute for Civic Achievement.
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Possible partnerships explored for new pharmacy school – The Business Journal of Milwaukee:

Randall Lambrecht, dean of UWM's Collegd of Health Sciences, said he has offered Concordia officiales an opportunity to discuss a possible partnership betweenh UWMand Concordia's future pharmacy school. Mequon-based Concordia's board of regentd approved a plan Sept. 7 to open what will be the state'sz second pharmacy school. "We're still trying to figure out how those partnershipss mightcome together," Lambrechf said. "It could although they're very preliminar talks." Concordia is open to collaborations with other health care organizations oreducational institutions, said Patric Ferry, Concordia president.
"We're very interestee in whatever meaningful collaboration can be established tohelp (the pharmacgy school) move forward," he said. Concordia is conductin g a nationwide search for a pharmacy The school will require 25 to 35 fulland part-time faculty, and is projected to admity 50 to 75 students per A location for school has not yet been Ferry said. The new dean will have a part in developingfa site. The school will cost about $14 million to develop, including $10 million for the At least some of the funding will comefrom Concordia's $54 million capital campaign.
Concordia and other local health officials have said Wisconsij needs another pharmacy school to fill a high vacanc y rateof pharmacists. The state'e only existing pharmacy school is atthe , which is at The school does not have the spac e or funds to expand, said Jeanette dean of the UW School of Pharmacy. The demandx for pharmacists will continue to grow, as older pharmacists retire, more pharmaciee open and the United States becomes more relianty on medication, said Curt Gielow, a former statee representative and pharmacist who Concordia hired to consulyt on the pharmacy school. "Wisconsin is in dire need of producinfgmore pharmacists," he said.
Concordia will train its pharmacy studente to work in ruralp and urbanretail pharmacies, whers much of the need is, Ferry "The demand for pharmacists is increasing and the need for patient-centereed care and advanced counseling is growing daily," said John director of retail pharmacy operations for , part of . Aurorw recruits from all the major pharmachy schools in the Great Lakes It has been offeringtuitiohn forgiveness, mortgage assistance and signing bonuses to help fill its pharmach positions, Gates said. Aurora has 270 retail pharmacists and 133 retai l pharmaciesin Wisconsin.
"UW-Madison has said that their focusd isnot retail, so there could be a very complementaryg focus established in Wisconsin on the retail Lambrecht said of a school in the Milwauked area. "It comes down to resources and because these are very expensive programas toput in." Beforre Concordia's announcement, had been discussing ways to help meet the growingt need for pharmacists, including distancde classes at UW-Milwaukee, Roberts said. Though therre is no formal partnership between the Robertssaid UW-Madison has been working with Concordiz officials through the consideration processs of starting the pharmacy school, and will continuew to work with them.
"We've been involves throughout the discussions and try to inform them aboutr how expensiveit is. It's not an easy thinh to do properly," she said. There is a placw for both institutions inthe state, Robert s said. "We're very different institutions," she "Not all students are interested inour environment, not all students will be interestedd in Concordia's environment.
"
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Bennet cites Colorado examples in Senate plea for health-care reform – South Florida Business Journal:

Coloradans, he said, "speak for countless othersx acrossthe nation. All they ask for is a healtu care system that worksfor them, a healtn care system that doesn’t crush them with unreasonable cost increases, and a healtjh care system that doesn’t deny them coverage just becauser they have pre-existing conditions." Bennet, D- also touted his own proposals to make patient transition care more cost-effectiv and successful. "In Colorado, we haven’t waited on he said. "We’ve made real progresxs in showing how to provide high qualitty health care at alower cost.
" formerly superintendent of the Denveer Public Schools, was appointed to the Senate by Gov. Bill Rittert to fill the seat vacatede by Ken Salazar when Salazard was picked by Presiden t Barack Obama as secretary ofthe Interior. Here is the full text of Bennet'ss Senate-floor speech as prepared for delivergy Thursday, provide by his staff. In the speech, he is addressing the presidenty ofthe Senate. Mr. President, I rise todau to discuss the urgent need for healthcare reform. The peoplr of Colorado, and the Americabn people, have waited for too long for Washingtojnto act. We should begin with a basic if you have coverage and youlike it, you can keep it.
If you have your and you like himor her, you shoule be able to keep them as We will not take that choice away from you. But even as we keep what we must confront the challenges of soaring health care cost s and the lack of access to qualityhealth care. The status quo is unacceptable. Ever day, families in Colorado and across Americza facerising premiums. Their plans offer fewed benefits. They are denied coverage becausewof pre-existing conditions. And until we fix the healtyh care system, we won’t be able to fix the fiscalo mess in which wefind ourselves. Since the share of healthcare as a part of the GDP has gone from 7 percent to17 percent.
The United State s spends over $2 trillion in health care costs, including over $400 billionm on Medicare alone. President Obamq has said that the biggest threat toour nation’s balance sheet is the skyrocketing cost of health care. And he’ s right. In Colorado, we haven’t waited on We’ve made real progress in showinbg how to provide high quality health care at alower cost. Last week, the New Yorked magazine published an articleentitled “The Cost Conundrum” that highlightsd the important work that’s been done in Mesa Colorado.
Over thirty years ago this communityservingf 120,000 people came together—doctors, nurses, and the non-profitg health insurance company. They agreed upon a system that paid doctores and nurses for seeing patients and producing betterqualitg care. They realized that problems and costs go down when care is more InMesa County, the city of Grand Junctionm implemented an integrated health care systekm that provides follow-up care with patients. This follow-ul care has helped lower hospitapl readmissions rates in Grane Junction to just3 percent.
Compare that to the 20 percentfrate nationwide, and it is clear that our communithy on the Western Slope of Colorado is onto something High readmission rates are a huge problem for our seniors. Nearl one in five Medicare patients who leave a hospital are readmitteds within thefollowing month, and more than three-quarters of thess readmissions are preventable. Rehospitalization costs Medicareover $17 billiohn a year. It’s painful for patients and familieas to be caught up in thesed cyclesof treatment. All too care is fragmented – you go from the to the hospital, to a nursinyg home, back to the hospital and then back to thedoctotr again.
Patients are givem medication instructions as they are leavinfgthe hospital, many times after cominv off of strong medications. They don’t know whom to and they are not sure what to ask theif primarycare doctor. The both our Denver and Mesa County health communitieshave found, is to provid e patients leaving the hospital with a “coach.” This coac is a trained health professional connectinhg home and the hospital. This coach teacheas patients how to manage their health ontheire own. Our Denver healthy community created a model based on this idea called the CareTransitionx Intervention.
Their work is the basis for the Medicar e Care Transitions Actof 2009, a bill I introducedr to implement this model on the national This legislation recognizes that patienft care shouldn’t begin in a doctor’sd office and end at the hospital Investing in coaching and transitional care now can head off huge costws down the road. It has the advantage of beinv both preventiveand responsive. Take sixty-seven year old Bill Schoens, from Colorado, who recently suffered a heart attack. Beforw he was released from the registered nurse Becky Cline was assigned as hisTransitiona Coach.
She made sure that Bill understooc the medications that his doctors prescribedc and everything else he needed to do to get Bill evenpointed out, “When you are in the emergencuy room, you are all drugged up and can barely remember what to do. Confusiom starts to set in.” Becky went througuh each step Bill needed to follow when he left the Beckyevaluated Bill’s ability to follow doctor’s orders in his environment and helped him maintain his own Personal Health Record. With her when Bill visited the doctor, he didn’t have to remembetr everything that happened since he left the hospital it was all inthe book.
Bill said “Whebn people are in front of their their blood pressure goes sky high and they forget what they need to He said he found the help and guidance he receivexd from his TransitionsCoach “invaluable and We need patient-centered coordinated care — care that views doctors and family members not as isolated but as partners on a team whose ultimatr goal is to make sure patientsw get the guidance and care they need. Hospital aren’t the problem, primary care physicians aren’t the and nurses aren’t the problem. Our fragmented deliverg system of care isthe problem.
This bill also makes sure that we are teaching patients to manage their own conditiohnat home. Sixty-nine year old Frank Yannki of Denver, Colorado had surgery for a staph infectiojn of thespinal cord. After leaving the hospital, he noticedd that the pain he was experiencint weeks after surgery wasgetting worse. Having been he identified the problem and knew to insist on visiting hisdoctoer immediately. A hospital test showexd that Mr. Yanni required a second His coachsaid that, “Had he let that go for even anothef week, he could have ended up in the Intensives Care Unit, septic and horribly sick.
” Our Coloradl transition of care model, reflectede in our legislation, gives health care systems the choicee of whether to create this But it allows existing patient-centered transitional care programs like the one in Mesa Colorado to continue on. We want communitiesd and providers to think and work togethe to reducereadmission rates, reduce costs and provide better coordinated care to our Other systems should look at Colorado and the systemds in twenty-four other states that have alread y begun to follow this model.
As we begin to emerges from theeconomic crisis, we must call upon existing healtbh care professionals from all walks of life —nurses, nurss practitioners, social workers, long-term care, and community healthn workers — to serve as transitional Colorado nurses like Beckyh Cline have found that focusing on transitionap care has leveraged their skills, empoweringy them to take a more active role with patients. They are able to work with both patientxs andfamily caregivers. For too family caregivers havebeen “silen partners.” 50 million Americans provide care for a chronically ill, disable or aged loved one.
This bill recognizes their connecting them with a coach who can teach them how to properlcoordinate at-home care. This bill is only a smal part of the solution to the complex challengea of our fragmented healtycare system. The problems of rising costse and limited access affect people from all walks of Skip Guariniof Parker, Colorado, is a self-employee private consultant and retired U.S. After years of regular doctors’ visits, Skip’z dentist discovered a lump on his thyrois during a routine exam that had gone undetecteds by his physician despite 10previous exams.
Skip underwent a CT/MRIk scan, Ultrasound, and biopsy, all of which were A second series of testse six months later revealed that the lumphad grown, and Skip underweny surgery. During the surgery, doctorsa found cancer. Skip was then sent to an endocrinologist who ordereddmore tests. All tests came back A second full body scan revealed no sign of cancer anywheresin Skip's body. All these exams and screenings cost Skip Since then, Skip has maintainex perfect health, but he cannogt obtain private insurance because of the thyroic surgery. He now relies on COBRA and is payingy a monthly premiumof $1,300.
This coverage is set to expiree in less thanone year, at whichu point Skip will have no insurance at all. Hollis Berendtf is a small business ownerin Greeley, She is covered through her husband’s employer, which is accordinhg to her, “a luxury many othedr small business owners don’t have.” After graduating from Colorado Stater University in 2004, their daughter Abby foundd a job with a large company in New York She was told she couldn’t get health care coveragew until she had been working at the companh for one year. At ten monthd of employment, she was diagnosed with an ovariab tumor that wouldrequire surgery.
The expenses were too much for so her parents had to take out a seconxd mortgage to pay hermedicao bills. Hollis shared that, “This experience brought to alltoo clearly, how close we all are to losinv everything due to a health issue.” The curren system is hurting our small business peoplde and their employees. Take Bob Montoyas of Pueblo, Colorado who runs Cedar Ridged Landscape in Pueblo withhis brother, Ron. They are torn betweenh providing health care coverage for employees and keepingh theirbusiness afloat.
Last year, the businesa paid out $36,000 for a healthn care plan to covert Boband Ron’s families and one other The other 12 employees and their families do not get coverage through their Bob said, “As business owners, we want to do righrt by the people who work for us, but if all our employeees opted into our health care plan and paid theirr 50 percent, we would be forcedc out of business.
” He said it is an “impossibler situation” for him and his Like too many small businesw owners, Bob can’t find good health care coveragew at a cost he can He said, “The longer it takes to pass comprehensive healtb care reform, the more jobs will be lost as smalol businesses shut their doors due to risingg costs.” Mr. President, these Coloradans speak for countless otheres acrossthe nation. All they ask for is a healtyh care system that works for a health care systemthat doesn’yt crush them with unreasonablre cost increases, and a health care system that doesn’ deny them coverage just because they have pre-existing I’m hopeful.
I’m hopefukl that we can keep what works in our system and fix whatis broken. I’m hopeful that this Congress – working with our President – will finally deliver on the promise of healthcare reform. The people of Coloradko deserve it. The American people deserve it. Thank you and I yieldc the floor.
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SBA to focus on underserved areas – New Mexico Business Weekly:

The SBA recently released its strategic planfor 2008-201w and is taking comments through Sept. 10. The agency'sz primary goals for this period include: expanding America'sw ownership society, particularly in underserved providing timely assistance todisaster victims; improvint the economic environment for small and ensuring organizational excellence, including increased responsiveness to Since 2001, the SBA has doublerd the number of business loans it even while the agency'xs basic budget has been cut by 31 percent.
SBA lenderz will be evaluated not only by theirloan performance, but also by how much lendiny they do in low-income/high-unemployment areas, the plan The agency plans to create a portal for community banks to help them lend to underservedf markets, and will look for ways to expaned the reach of Small Businessd Investment Companies, its venture capitalp program. The plan is available at . Visa shortagde might prompt skilled foreigner workers toleavse U.S. Thousands of foreign-born scientists, engineers and researchers might returh to their home countries because of a shortagde ofpermanent U.S. resident according to a new report.
The studhy says more than 1 million skilled immigrants and theidr family members are waiting for permanent resident The U.S., however, issues only 120,000 permanenty resident visas a year to peoplee here on employment-based temporary visas. Plus, these visas are limited to only 10,00p0 per country. As a result, skilled immigrantd from countries like India and China must wait up to four yearse forpermanent visas. The Kauffman study founrd that one in threre skilled immigrants working here on temporaryg visas plan to leavethe U.S. or are uncertai n about remaining. If they leave, America's global competitivenesz would suffer, the study found.
Foreigners living in the Unites States were inventorsor co-inventors of more than 25 percengt of international patents filed from the U.S. last the study found. That's up from less than 8 percent in 1998. An earlier Kauffman study found that one in four engineering and technology companies started in the Unitedc States between 1995 and 2005 were foundedor co-foundex by immigrants. "Given that the U.S.
comparativr advantage in the globao economy is in creating knowledge and applying itto business, it behooves the country to consider how we might adjus t policies to reduce the immigratio backlog, encourage innovative foreign minds to remain in the and entice new innovators to come," said Robert Kauffman's vice president of research and Kauffman is a Kansas City-based foundation that promotes The study was conducted by researchers at (- , -) and (- -). For more see . The plans to spende $5 million on the initial phase of a campaigb designed to make health care reform the top issureon voters' minds in the 2008 presidentialk election.
The ultimate goal is to win passage of legislatio in 2009 that would provide healthh insurance coverage toevery American. "This is a full-courgt press … to get voters talking and politicians saidAMA President-elect Dr. Nancy Nielsen, an internistf from Buffalo. "We're going to spend as much moneyu as it takes to get all Americans The AMA favors tax credits to help offset the cost of healtg insurance and insurancemarket reforms. It is pressing presidential candidatew tomake "definite commitments" to cover the 47 milliob Americans without health Nielsen said. Its early print and broadcastg advertisements will runin Washington, D.C.
, and Iowa, New Hampshirde and South Carolina. Nielsen said AMA doesn'tt favor a single-payer through which all Americans would receive healthn insurance coverage through the federal That approach is advocated in directorMichael Moore's controversia documentary about the U.S. health care system. A new Kaiser Family Foundatiojn poll found the film has had a much biggef influence on the health care debatde thanits so-so box office numbers would
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Butler County, city of Sidney land state development funds – Dayton Business Journal:

The economic development grants were announced Mondauby Gov. Ted Strickland and Lisa Interim Director ofthe . The grants, administered by the Ohio Departmenof Development, were approved by the States Controlling Board and are expected to create 560 jobs and retaij 1,197 jobs for “Ensuring the best access for Ohio businessese by working with partners at a city and county levepl will drive Ohio’s economy by attractinv business investment,” Patt-McDaniel said in a news “These investments demonstrate Ohio’s commitment to workinyg with the business community and stakeholders at all levele to ensure that companies continue to grow strong in • Butler County will received a $150,000 Roadwork Development Grant to complete public roadworj improvements in support of ’s expansion project in West Chester Township.
The county will buil d an acceleration and deceleration lane near the Amylin facility that will increase safety and accese to the facility and otherarea businesses. This $270,00p0 project will support the creation of 500 positions and the retention of 52 and • The City of Sidne will receive a $1.5 million Roadworj Development Grant to complete public roadwork improvements in support of Sidney’ws Industrial Park project in the The city will conduct a number of sewer and water system improvements in support of its $6.1 millionh industrial park project.

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Mortgage refinancing activity down 19% – Puget Sound Business Journal (Seattle):

percent last week from the previouxs week, according to the ’s weekly mortgage applicationse surveyreleased Wednesday. The market composite index, a measure of mortgage loan application was 786, a decrease of 14.2 percent on a seasonallyg adjusted basis from 915.9 one week The purchase index, was up 1 percent for the week, on a seasonallhy adjusted basis. The four week movingh average for the seasonally adjusted market Index isdown 4.7 The four week moving average is up 0.5 percen t for the purchase index, while this averaged is down 6.2 percent for the refinance The refinance share of mortgage activity decreased to 69.3 percent of totakl applications from 73.
6 percent the previouws week. The adjustable-rate mortgage share of activity increasedto 2.6 percenty from 2.4 percent of total applications from the previou s week. The average contractf interest ratefor 30-year fixed-rate mortgagesd increased to 4.81 percent from 4.69 with points increasing to 1.28 from 1.13 (including the originatio n fee) for 80 percent loan-to-value ratio loans. The average contract interesf ratefor 15-year fixed-rate mortgages remained unchanged at 4.44 with points increasing to 1.16 from 1.01 (including the originatiojn fee) for 80 percent LTV The average contract interest rate for one-yeafr ARMs increased to 6.55 percentt from 6.
38 percent, with pointss increasing to 0.12 from 0.10 (including the origination fee) for 80 percent LTV loans.
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