titus-neither.blogspot.com
The granted preliminary approval Thursday of a tax rebate of as muchas $10 million over 10 years to create as many as 420 according to a KEDFA filing. GE said in its KEDF filing that it mightinvest $69.2 millionb in manufacturing lines for the water heaters, for the dishwasheer and refrigerator components and for the establishmengt of the data center. It intends to invesrt $46.4 million in equipment and startul costsand $22.8 milliob for fixtures and other improvements, accordingh to the filing. The average wage and benefits package for the jobsis $27.62 per hour, and the average salary is according to the filing.
Annual payroll for the new jobsis $24 Officials with GE Consumer and GE’s Louisville-based appliance, lighting and industrial power-generation equipment subsidiary, said the waterf heater line would be the first new product platfornm at Appliance Park since 1957. “Wde appreciate the state’s support in the form of this incentive packag and want to thank all those whosupported it,” Kim Freeman, publiv relations director for GE Consumer and said in an e-mail. She added that the companyg will release more details soon on how theincentivex “will be used to create new jobs and energy-efficient product s at Appliance Park.
” Freeman declined to discussz details of the proposed data cented or in-sourcing of component s for refrigerators and dishwasherss made at Appliance Park. On Thursday, after Business First’s press deadline, Louisville Metro Council was scheduled to hear a proposalk by Louisville Metro Mayor Jerryt Abramson to createa tax-increment financing district that woulde provide GE with $2.5 million in occupational tax refundsw over 10 years if the company adds a new line to produc energy-efficient products, according to a draft of an ordinancw filed with Metro Council. Abramsobn said he and Kentucky Gov.
Stevw Beshear spent an hour discussint the future of Appliance Park with GE CEO Jeff Immel while he was in town onApril 28. Immelt provided “a clear indication” that Louisvilld would be considered for a new lineof energy-efficienr products that GE planned to build, he Abramson added that he is that the combination of city and statwe tax incentives and concessions on the part of unioj workers at GE woulx be enough to “seal the Company officials said that adding the jobs at the strugglinvg park was contingent on Internationa l Union of Electronic, Electrical, Salaried, Machiner and Furniture Workers-Communications Workers of America Local 761 members agreeing to cost-cutting measures proposed by GE Consumefr and Industrial.
Union members voted Wednesday to approve theGE proposal, whicy GE officials said would be key in bringingv a new product to the plant. Among the the company sought to freeze pay for union workers untiplJune 2011. Also, newly hired skilled-trades professional would be hired at a pay rateof $23 per hour and advanc to $25 per hour over a two-year Newly hired hourly production workers would be hiredc at a pay rate of $13 per hour and receivs annual wage increases after theif current contract expires in 2011. Freeman said the currenf starting wage for skilled workersis $31.22 per The current starting wage for productiobn workers is $15.01 per hour.
GE Consumee and Industrial’s proposal wasn’t one-sided, The company agreed to add 100 positions and brinfg anew low-cost dishwasher line to Appliance Park by Dec. 31. It also vowed to continue making top-mount refrigerators; home and 27-inch top-load washing machines at Appliance Park throughn at leastJune 17, 2011, unlesa the company decides to exit the product
Thursday, August 9, 2012
Wednesday, August 8, 2012
Otterbein
caloloary.blogspot.com
The Roman Catholic university on the east side of Columbus this week hireed Shah Hasan for the newlhcreated dean’s position. Hasan had run the MBA program at Otterbeim since 2006 until the private college in Westervilles separated in March into schools of Arts and Professional Studies and graduatre programs in an effort to attract more nontraditional andgraduate students. Hasan, 52, since then has continuedx to work to redesign the business degreew fornext fall. He starts at Ohio Dominican June 1. His past teachinfg and administration experienceincludes , and .
Ohio Dominican spokesma John Palmersaid Hasan’s arrivakl comes with planned growthj for the school’s business division, which offers undergraduate and graduatw degrees. The growth that Hasan will overse includes new programs and Palmer said, adding that much of the plansz still require board approval. The university is looking to doublee its enrollmentto 6,000 in the next
The Roman Catholic university on the east side of Columbus this week hireed Shah Hasan for the newlhcreated dean’s position. Hasan had run the MBA program at Otterbeim since 2006 until the private college in Westervilles separated in March into schools of Arts and Professional Studies and graduatre programs in an effort to attract more nontraditional andgraduate students. Hasan, 52, since then has continuedx to work to redesign the business degreew fornext fall. He starts at Ohio Dominican June 1. His past teachinfg and administration experienceincludes , and .
Ohio Dominican spokesma John Palmersaid Hasan’s arrivakl comes with planned growthj for the school’s business division, which offers undergraduate and graduatw degrees. The growth that Hasan will overse includes new programs and Palmer said, adding that much of the plansz still require board approval. The university is looking to doublee its enrollmentto 6,000 in the next
Monday, August 6, 2012
Shift work may strain the heart, but study finds no additional risk of mortality - Washington Post
ovaluleq.wordpress.com
Shift work may strain the heart, but study finds no additional risk of mortality Washington Post Compared with those who worked a regular daytime schedule, shift workers were 23 percent more likely to have had a heart attack and 24 percent more likely to have had another cardiovascular problem. Chances of an ischemic stroke were 5 percent greater ... |
Sunday, August 5, 2012
CEO aims to mend mortgage giant - Dayton Business Journal:
youngmanmeledero1636.blogspot.com
"It's not a perfect relationship to grow those areaxs while the mortgage sector isunder pressure," McEvoy said. "These thre e areas will provide some earnings growthubut it's going to take some But not everyone thinks National City's moves have been the rightt one. Tom Mangan, senior vice president and portfolii managerwith Beavercreek-based , said he questionds the rationale behind National City's decision to eliminate wholesaled lending. "The question I'm asking is, 'Why Mangan said.
"People are acting like there is no lighrt at the end of the But Cartellone is not dwelling on the past and is eagefr to replenish NationalCity "We've restructured the mortgage business during the last severaol months of 2007 and the decisions we've made positiom us well to meet the challenges in front of us," he
"It's not a perfect relationship to grow those areaxs while the mortgage sector isunder pressure," McEvoy said. "These thre e areas will provide some earnings growthubut it's going to take some But not everyone thinks National City's moves have been the rightt one. Tom Mangan, senior vice president and portfolii managerwith Beavercreek-based , said he questionds the rationale behind National City's decision to eliminate wholesaled lending. "The question I'm asking is, 'Why Mangan said.
"People are acting like there is no lighrt at the end of the But Cartellone is not dwelling on the past and is eagefr to replenish NationalCity "We've restructured the mortgage business during the last severaol months of 2007 and the decisions we've made positiom us well to meet the challenges in front of us," he
Friday, August 3, 2012
Valley Center
xszeyluje.blogspot.com
It is the centerpiece of a $57.5 million bond voterss approvedlast June. The bond’s passags — as well as severa l other area schoolbonds — gave local contractorsa and architects an opportunity to secure more work as commercial constructionm waned last fall with the onset of the economic recession. “We get a space for some we try and fill saysRandy Coonrod, president of Inc., the constructionn manager for Valley Center’s bond work. “Valley Centerr fit us great. We’ve been fortunat we’ve always been able to fill our programs.
” Coonrod also is workint on $50 million worth of school constructionin Chapman, and likely will bid on some of the work from $370 million bond issue voters approved last “We follow and do schools all Coonrod says. “It’s one of our major Bond work also is helping architects fill gaps in their work is working onValley Center’s bond projects as well as a $16.32 million renovation to . Forty percent of the firm’e Wichita portfolio is in school jobs.
Ken Helmer, one of the firm’z managing principals, says bond work comes duringh what has been a tough yearfor private-sector “We’re just seeing 2009 as a treading-water year,” Helmer told the in He said then securing work on Wichita’s bond was perfec timing for the firm because it woulds be nearing completion on Valle Center’s bond and finishing a high school addition in On Schedule, Under Budget Work on Valley Center’s bond projects continues to move forwar d on schedule, says Scott Springston, the district’s Installing artificial turf on the high school football field was the first bond projectf completed.
Expansions at the district’s three elementary schools are progressingas well. Bids for thoses and several other projects, Springston says, were less than initiapl projections. The high school is one such example. The $34 millionj price tag is about $2.6 million less than originally “It’s great to be in a situationb where bidsare under,” Springston says. He says lowe r costs could free up extra moneyu to fund projects that were eliminate d from the bond plan or reducedx tocontrol costs, such as technologu improvements.
The high school will have an 1,100-studen capacity, two floors, a top-loaded gym whered people access seating from thesecond floor, and 10 tennies courts. The site won’tr include any other athletic facilities. “Wse will definitely have the capacity to hostlarge events,” Springstonb says. Valley Center also has starter the design phase for its transportationm facility andcentral office. The district hopes to have all of the bond work completefd byJuly 2011. “Everything is runnin on schedule,” Springston says.
It is the centerpiece of a $57.5 million bond voterss approvedlast June. The bond’s passags — as well as severa l other area schoolbonds — gave local contractorsa and architects an opportunity to secure more work as commercial constructionm waned last fall with the onset of the economic recession. “We get a space for some we try and fill saysRandy Coonrod, president of Inc., the constructionn manager for Valley Center’s bond work. “Valley Centerr fit us great. We’ve been fortunat we’ve always been able to fill our programs.
” Coonrod also is workint on $50 million worth of school constructionin Chapman, and likely will bid on some of the work from $370 million bond issue voters approved last “We follow and do schools all Coonrod says. “It’s one of our major Bond work also is helping architects fill gaps in their work is working onValley Center’s bond projects as well as a $16.32 million renovation to . Forty percent of the firm’e Wichita portfolio is in school jobs.
Ken Helmer, one of the firm’z managing principals, says bond work comes duringh what has been a tough yearfor private-sector “We’re just seeing 2009 as a treading-water year,” Helmer told the in He said then securing work on Wichita’s bond was perfec timing for the firm because it woulds be nearing completion on Valle Center’s bond and finishing a high school addition in On Schedule, Under Budget Work on Valley Center’s bond projects continues to move forwar d on schedule, says Scott Springston, the district’s Installing artificial turf on the high school football field was the first bond projectf completed.
Expansions at the district’s three elementary schools are progressingas well. Bids for thoses and several other projects, Springston says, were less than initiapl projections. The high school is one such example. The $34 millionj price tag is about $2.6 million less than originally “It’s great to be in a situationb where bidsare under,” Springston says. He says lowe r costs could free up extra moneyu to fund projects that were eliminate d from the bond plan or reducedx tocontrol costs, such as technologu improvements.
The high school will have an 1,100-studen capacity, two floors, a top-loaded gym whered people access seating from thesecond floor, and 10 tennies courts. The site won’tr include any other athletic facilities. “Wse will definitely have the capacity to hostlarge events,” Springstonb says. Valley Center also has starter the design phase for its transportationm facility andcentral office. The district hopes to have all of the bond work completefd byJuly 2011. “Everything is runnin on schedule,” Springston says.
Thursday, August 2, 2012
Clopay consolidating operations to Troy - Dayton Business Journal:
qalymeled.wordpress.com
The move, announced Wednesday, will add 300 The company would not disclose its total but said the Troy plant will have less than 500 workerds afterthe consolidation. The projecty will be completed inearluy 2011. Mason-based Clopay currently operates four manufacturing facilities in Russia — northwest of Dayton in Shelby Countty — ; Baldwin, Wis. and Auburn, Wash. All of the operationd conducted in the Baldwin planty and substantially all of the operationxs conducted in the Russiq facility will be relocatexd to Troy and the Baldwih facility willbe closed.
All active employeew at the Russia facility are being offered employment at theTroy , the parent company of Clopay, said it will take a charges of about $12 million for pre-tacx exit and restructuring, and make a capital investment of about $11 million. Jericho, N.Y.-baser Griffon (NYSE: GFF) is a diversified holding company.
The move, announced Wednesday, will add 300 The company would not disclose its total but said the Troy plant will have less than 500 workerds afterthe consolidation. The projecty will be completed inearluy 2011. Mason-based Clopay currently operates four manufacturing facilities in Russia — northwest of Dayton in Shelby Countty — ; Baldwin, Wis. and Auburn, Wash. All of the operationd conducted in the Baldwin planty and substantially all of the operationxs conducted in the Russiq facility will be relocatexd to Troy and the Baldwih facility willbe closed.
All active employeew at the Russia facility are being offered employment at theTroy , the parent company of Clopay, said it will take a charges of about $12 million for pre-tacx exit and restructuring, and make a capital investment of about $11 million. Jericho, N.Y.-baser Griffon (NYSE: GFF) is a diversified holding company.
Wednesday, August 1, 2012
PBA backs expanded River District renewal area - St. Louis Business Journal:
lebexab.wordpress.com
Sandra McDonough, the alliance’zs president and CEO, told the Portlansd City Council on June 17 that the city needd to do everything it can to provideemore jobs. The council is reconsiderin g expanding the River District by nearly 42 as well as increase the amount of bonds the city can assumew to fund projects withibnthe district. The council and the Portland Development Commissionh had first sought the expansion nearly two years ago but were thwarteed bya citizens’ group complaint.
The Friendsa of Urban Renewal group had charged that the River Districgexpansion proposal, which would have also redirectecd $20 million in district-generatecd funds to a new East Portlandx elementary school, didn’t fit technical urban renewal The council will vote on the measurew next week. McDonough said urban renewal providesa funding for investmentsin infrastructure, social services and public-privater partnerships. “We need to create jobs,” she said. “We have an opportunityh to do just that by adopting theserevisedx findings, which address the issues that have been raiseds about the River District expansion.
We can then move forward with the importan t projects that depend onthese funds.” City Commissioner Nick Fish has said that the constructiob of a new homeless services centerr could depend on urban renewal funds if construction is to beginm this year. McDonough said the alliance backs usinb urban renewal funds to buildthe center.
Sandra McDonough, the alliance’zs president and CEO, told the Portlansd City Council on June 17 that the city needd to do everything it can to provideemore jobs. The council is reconsiderin g expanding the River District by nearly 42 as well as increase the amount of bonds the city can assumew to fund projects withibnthe district. The council and the Portland Development Commissionh had first sought the expansion nearly two years ago but were thwarteed bya citizens’ group complaint.
The Friendsa of Urban Renewal group had charged that the River Districgexpansion proposal, which would have also redirectecd $20 million in district-generatecd funds to a new East Portlandx elementary school, didn’t fit technical urban renewal The council will vote on the measurew next week. McDonough said urban renewal providesa funding for investmentsin infrastructure, social services and public-privater partnerships. “We need to create jobs,” she said. “We have an opportunityh to do just that by adopting theserevisedx findings, which address the issues that have been raiseds about the River District expansion.
We can then move forward with the importan t projects that depend onthese funds.” City Commissioner Nick Fish has said that the constructiob of a new homeless services centerr could depend on urban renewal funds if construction is to beginm this year. McDonough said the alliance backs usinb urban renewal funds to buildthe center.
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