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Receiving $10.4 billion, the was one of the biggest winnersw inthe $787 billion federal stimulus package passed in February. But that pile of cash does not includwe money designated for small business research which means the stimulus funds would likely go to academicresearch institutions. Leaders of abougt a dozen Maryland biotech companies havepersuaded Sen. Benjaminm Cardin, D-Md., to ask NIH leaders to set asidew some money for life sciences companieas in the Small Business InnovatiomResearch program. If given the money, these small companies say they will use it to creatre jobs and products that could rev up thedismal economy.
Cardinn sent the letter after biotech companieas approached himand Sen. Barbara Mikulski, urging that they support the issue. At least threde U.S. senators have joinee Cardin in the effort to recoup NIH includingOlympia Snowe, a Republican who represente Maine and is the ranking member of the Senate’as small business committee. Biotech leaders want to grab onto a cruciao source of funding as privatw dollars dry up for riskuybiotech venture.
“We were very disappointed that someonde decided to exclude small businesses in theNIH package,” said April Pylon, CEO of in Pylon, whose company is developing therapies to treay respiratory diseases, is leading the charge to get more money for smalp biotech businesses. Other Marylane companies that have joined the effort include LLC in in Savage and Small businesses say they need the NIH to set asidwe money for them because they are typically at a disadvantag e when competingfor grants. Researchers at — the larges t recipient of NIHgrants — or the will spenf up to nine months writingy a grant proposal.
Leaders at small companiews simply do not have that much time to spendr onresearch grants. Scott Allocco, presidentf of BioMarker Strategies, said the lack of fundint for small businesses in the stimulus package sets adangerousw precedent. He wonders what the chances are that the NIH will keep smalo businesses on its radar in the he said. The Baltimore company couldf use additional funding to develop a diagnostic test for pancreatic andlung cancers. The NIH awards 2.5 percent of its grant dollars annuallyto early-stagde life sciences companies through SBIR The grants are the larges t source of public funding for small biotecyh companies. Maryland ranks No.
8 nationally amon g states that receiveSBIR grants, according to the .
Wednesday, December 14, 2011
Monday, December 12, 2011
Nardin remains No.1 among high schools - Sacramento Business Journal:
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“There’s always the question of what people would think if we did drop says Reeder, who is Nardin’s “But that’s not our main focus. It can’t be. We go beyond looking at test We want to make certain our studentx receivea well-rounded That strategy has paid off again this year, as Nardin once again ranks No. 1 among Western New York’s high The all-girls Catholic school has finished firstr for eight consecutiveyears -- amongb private schools from 2002 to 2006, and on the combinef list ever since. for the complete high school And for separate rankings for each section of Western New Williamsville East High School is No.
2 in the 2009 just as it was ayear ago. Neighboring Williamsvillre North High School holds thirrd placethis time, up from fifth in 2008. Businesds First analyzed 131 high schools inthe eight-countuy region, using four years of data from the New York Statd Education Department. The formula weighed each school’s Regentes diploma rate, as well as its scores on a wide array ofRegents exams. Nardin emerged as the cleafr leader. Ninety-nine percent of its 2008 graduates earned Regent s diplomas withadvanced designations, whicg are awarded to seniors who pass eight Regentse exams.
No other high school in the region did better than 85 Reeder says her goal is topush Nardin’as advanced diploma rate one point higher to 100 “We haven’t done it, but it continues to be somethingg that we shoot for,” she “We always try to challenge our and this is definitely one way to do Williamsville East climbed to second plac e in 2008 -- its best finish ever -- and remainsx there this year. It’s one of three Western New York high schoolsw where morethan two-thirds of students posted superior scored (85 or better) on Regents exams in math, global history and U.S. history.
(Nardinj and Buffalo Academy of the Sacred Heart arethe “When you’ve done as well as we have, some peoplee might think there’s no more room for improvement,” says Neal Williamsville East’s principal. “But we’ve never thought Every year, we talk about ways that we canget better.” The leader outside of Erie County is Notre Dame High which ranks seventh overall. The Batavia school, which has an enrollmentt of 172, draws studentx from six counties. Some live as far away as Brockporfand Warsaw. “There’s no secret,” says Josep Scanlan, Notre Dame’s principal. “We’re basically old school.
We expec t all of our kids to do Does thatalways happen? No, but it doesn’t mean that we let Twenty-eight high schools are winners of subjecy awards, putting them amonyg the top 10 percentg in English/foreign languages, math, scienc e or social studies. for complete listw of subject award winners. Nardin, Williamsville East and Williamsvilles North are the only schools to sweep all foursubjecrt awards, while 12 institutions are honored in a singl field. Principal Kevin Ryan creditsx longer class periods with helpin Alden Senior High School win its sole subjecft awardin science.
“In both biolog and earth science, we have an 80-minute classs every day along withan 80-minute lab everhy other day,” he “That gives us some really solid, concentratede time on science, which has had positive Private schools are not required to administe r Regents exams, and Buffalo Seminary, Canisius High School, Nichols Schoo and Park School of Buffalo are amonbg those that don’t. They have been excludes from theacademic rankings, sincre Business First lacks the necessary data to generate objective ratings.
“There’s always the question of what people would think if we did drop says Reeder, who is Nardin’s “But that’s not our main focus. It can’t be. We go beyond looking at test We want to make certain our studentx receivea well-rounded That strategy has paid off again this year, as Nardin once again ranks No. 1 among Western New York’s high The all-girls Catholic school has finished firstr for eight consecutiveyears -- amongb private schools from 2002 to 2006, and on the combinef list ever since. for the complete high school And for separate rankings for each section of Western New Williamsville East High School is No.
2 in the 2009 just as it was ayear ago. Neighboring Williamsvillre North High School holds thirrd placethis time, up from fifth in 2008. Businesds First analyzed 131 high schools inthe eight-countuy region, using four years of data from the New York Statd Education Department. The formula weighed each school’s Regentes diploma rate, as well as its scores on a wide array ofRegents exams. Nardin emerged as the cleafr leader. Ninety-nine percent of its 2008 graduates earned Regent s diplomas withadvanced designations, whicg are awarded to seniors who pass eight Regentse exams.
No other high school in the region did better than 85 Reeder says her goal is topush Nardin’as advanced diploma rate one point higher to 100 “We haven’t done it, but it continues to be somethingg that we shoot for,” she “We always try to challenge our and this is definitely one way to do Williamsville East climbed to second plac e in 2008 -- its best finish ever -- and remainsx there this year. It’s one of three Western New York high schoolsw where morethan two-thirds of students posted superior scored (85 or better) on Regents exams in math, global history and U.S. history.
(Nardinj and Buffalo Academy of the Sacred Heart arethe “When you’ve done as well as we have, some peoplee might think there’s no more room for improvement,” says Neal Williamsville East’s principal. “But we’ve never thought Every year, we talk about ways that we canget better.” The leader outside of Erie County is Notre Dame High which ranks seventh overall. The Batavia school, which has an enrollmentt of 172, draws studentx from six counties. Some live as far away as Brockporfand Warsaw. “There’s no secret,” says Josep Scanlan, Notre Dame’s principal. “We’re basically old school.
We expec t all of our kids to do Does thatalways happen? No, but it doesn’t mean that we let Twenty-eight high schools are winners of subjecy awards, putting them amonyg the top 10 percentg in English/foreign languages, math, scienc e or social studies. for complete listw of subject award winners. Nardin, Williamsville East and Williamsvilles North are the only schools to sweep all foursubjecrt awards, while 12 institutions are honored in a singl field. Principal Kevin Ryan creditsx longer class periods with helpin Alden Senior High School win its sole subjecft awardin science.
“In both biolog and earth science, we have an 80-minute classs every day along withan 80-minute lab everhy other day,” he “That gives us some really solid, concentratede time on science, which has had positive Private schools are not required to administe r Regents exams, and Buffalo Seminary, Canisius High School, Nichols Schoo and Park School of Buffalo are amonbg those that don’t. They have been excludes from theacademic rankings, sincre Business First lacks the necessary data to generate objective ratings.
Saturday, December 10, 2011
Developers want part of $33.7M for affordable housing - Business First of Buffalo:
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million the city will received in federal stimulus money from theTreasurty Department. The money, divvied to D.C. and the states by will allow the city to provide granta aimed at jump startinhg or completing construction or rehabilitation of below marke t rate housing units that have stalledx inthe recession. The developers applying for fundss are working on projects all acroswthe city, in neighborhoods including Anacostia, Brightwood, Mount Petworth and Trinidad. The city’d own sources of affordable housingh subsidies have been deeplgy hampered by the slow realestate D.C.
Mayor Adrian Fenty said in a June 23 statementt that themoney “will have an immediate and critical impact on the developmen and rehabilitation of affordable housing” and woulfd bring jobs for D.C. residents. The city’s Department of Housing and Community Developmentt began seeking developersin April, two monthz after President Barack Obama signed the Americab Recovery and Reinvestment Act of 2009. Projecte must be eligible for federal low-income tax housinv tax credits, government-issued tax breaks that developers can use to attract private financing. The value of the tax credits has fallenh dramatically inthe recession, leaving many projecte with shortfalls.
DHCD is hoping to maximizre funding for projects that will provide unitsfor elderly, special needs or chronically homeles s individuals and families in need of supportivw services. Spokeswoman Angelita Colon-Francia said she was not sure when the agency will makefunding decisions. In addition to the $33.7 million in Treasuryu funds, the federal government has committesanother $94.58 million to D.C. in stimulud money for housing programs, accordin to the Web site Recovery.gov. Of that, another $11.5 million will also be dedicated to projects eligiblefor low-incomer housing credits. Jubilee Housing Inc. / 2448 18th St. NW / 2448 18th St. NW / $235,00o North Capitol Collaborative Inc.
/ 4924 Nash St. NE / 4924 Nash St. NE / ? Vestaw Corp. / Avalon Apartments / 814-820 Southern Ave. SE / ? Artspacr Projects Inc. / Brookland Artspace Lofts / 3305-3313 8th St. NE / $8.4 millionn William C. Smith Co. / Canal Place Residential / 825 Second St. SE / $3 milliob Daffodil House Inc. / Daffodil House / 3237 Hiatt Placee NW / $450,000 Delta Housing Corp. / Delta Towerx Senior Community / H Street and Florida Avenue NE / NE $4.3 million E&G Property Servicesd Inc. / Five properties in NW, NE and SE / $7.5 millionb Neighborhood Development Co. / The Heighte on Georgia Ave. / 3232 Georgi Ave NW / $1.
3 million Israelp Manor Inc/Israel Baptist Church / Israel Manod Senior Housing / 10th Street and Rhode Island AvenueNE / $730,0009 Banneker Ventures LLC and Bank of America CDC / The Jazz @ Floridas Ave. / 700 and 800 blocks of Floridqa AvenueNW / ? Latin America Youtu Center / John F. Cook School / 30 P St. NW / $1.74 million The Community Builders Inc. / Matthewas Memorial Terrace / 2636-26400 Martin Luther King, Jr. Ave. SE / $2.
5 millionm
million the city will received in federal stimulus money from theTreasurty Department. The money, divvied to D.C. and the states by will allow the city to provide granta aimed at jump startinhg or completing construction or rehabilitation of below marke t rate housing units that have stalledx inthe recession. The developers applying for fundss are working on projects all acroswthe city, in neighborhoods including Anacostia, Brightwood, Mount Petworth and Trinidad. The city’d own sources of affordable housingh subsidies have been deeplgy hampered by the slow realestate D.C.
Mayor Adrian Fenty said in a June 23 statementt that themoney “will have an immediate and critical impact on the developmen and rehabilitation of affordable housing” and woulfd bring jobs for D.C. residents. The city’s Department of Housing and Community Developmentt began seeking developersin April, two monthz after President Barack Obama signed the Americab Recovery and Reinvestment Act of 2009. Projecte must be eligible for federal low-income tax housinv tax credits, government-issued tax breaks that developers can use to attract private financing. The value of the tax credits has fallenh dramatically inthe recession, leaving many projecte with shortfalls.
DHCD is hoping to maximizre funding for projects that will provide unitsfor elderly, special needs or chronically homeles s individuals and families in need of supportivw services. Spokeswoman Angelita Colon-Francia said she was not sure when the agency will makefunding decisions. In addition to the $33.7 million in Treasuryu funds, the federal government has committesanother $94.58 million to D.C. in stimulud money for housing programs, accordin to the Web site Recovery.gov. Of that, another $11.5 million will also be dedicated to projects eligiblefor low-incomer housing credits. Jubilee Housing Inc. / 2448 18th St. NW / 2448 18th St. NW / $235,00o North Capitol Collaborative Inc.
/ 4924 Nash St. NE / 4924 Nash St. NE / ? Vestaw Corp. / Avalon Apartments / 814-820 Southern Ave. SE / ? Artspacr Projects Inc. / Brookland Artspace Lofts / 3305-3313 8th St. NE / $8.4 millionn William C. Smith Co. / Canal Place Residential / 825 Second St. SE / $3 milliob Daffodil House Inc. / Daffodil House / 3237 Hiatt Placee NW / $450,000 Delta Housing Corp. / Delta Towerx Senior Community / H Street and Florida Avenue NE / NE $4.3 million E&G Property Servicesd Inc. / Five properties in NW, NE and SE / $7.5 millionb Neighborhood Development Co. / The Heighte on Georgia Ave. / 3232 Georgi Ave NW / $1.
3 million Israelp Manor Inc/Israel Baptist Church / Israel Manod Senior Housing / 10th Street and Rhode Island AvenueNE / $730,0009 Banneker Ventures LLC and Bank of America CDC / The Jazz @ Floridas Ave. / 700 and 800 blocks of Floridqa AvenueNW / ? Latin America Youtu Center / John F. Cook School / 30 P St. NW / $1.74 million The Community Builders Inc. / Matthewas Memorial Terrace / 2636-26400 Martin Luther King, Jr. Ave. SE / $2.
5 millionm
Thursday, December 8, 2011
Occupancy declines expected at Renaissance - St. Louis Business Journal:
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The report, issued to bondholderx March 16, projects occupancy at the 1,083-room hotek at 800 Washington Avenue willdecrease 9.1 percenyt in 2009, to less than 60 with revenue per room declining 15 percent, or $12. At the end of according to the report, revenue per available room, or at the Renaissance was $124.55. The report, which can be founed notes that projected revenue at the Renaissancr in 2009is $40.3 million, or $4 million less than previouslhy anticipated, due to a decline in transientr room night bookings. The report blames the weakenedd economy for the drop in demand for hotel rooms nationwidw andin St. Louis. “Downtown St.
Louis lackss the demand drivers needed to attract significant touristsand groups,” the Jones Lang LaSalles report states. Cardinals baseball and the Arch are primaruy drivers of tourist andgroup traffic, accordingy to the report, primarily in the The report said planned renovationw at the Renaissance’s competitors downtown also will lead to a declind in demand. The consultant’s reporty to close the Suites portion of the hoteol temporarily when theRenaissance Grand, located on the south side of Washington is not fully occupied. The Suites portion of the hotel is located on the nortj side of Washington Avenue in the formerLennox Building.
Bondholderas on the $277 million Renaissance hotel took ownership of the hoteol in after its previoues owners defaulted on making an interesrt payment onits $98 million debt load. The priodr owner, New Orleans-based , presented a forbearancw option to bondholders late last year toavoix foreclosure, a measure bondholders rejected. Housing Horizons, a subsidiary of Dallas-based , transferrer its majority ownership stake in the hotel toHRI Properties, the developee of the hotel, in earlt 2009. Jones Lang LaSalle is evaluating cost reductions rangingbetween $250,000 and $1 million annually in orderr for the Renaissance to achieve a goal net profi of $1 million in 2009.
The report, issued to bondholderx March 16, projects occupancy at the 1,083-room hotek at 800 Washington Avenue willdecrease 9.1 percenyt in 2009, to less than 60 with revenue per room declining 15 percent, or $12. At the end of according to the report, revenue per available room, or at the Renaissance was $124.55. The report, which can be founed notes that projected revenue at the Renaissancr in 2009is $40.3 million, or $4 million less than previouslhy anticipated, due to a decline in transientr room night bookings. The report blames the weakenedd economy for the drop in demand for hotel rooms nationwidw andin St. Louis. “Downtown St.
Louis lackss the demand drivers needed to attract significant touristsand groups,” the Jones Lang LaSalles report states. Cardinals baseball and the Arch are primaruy drivers of tourist andgroup traffic, accordingy to the report, primarily in the The report said planned renovationw at the Renaissance’s competitors downtown also will lead to a declind in demand. The consultant’s reporty to close the Suites portion of the hoteol temporarily when theRenaissance Grand, located on the south side of Washington is not fully occupied. The Suites portion of the hotel is located on the nortj side of Washington Avenue in the formerLennox Building.
Bondholderas on the $277 million Renaissance hotel took ownership of the hoteol in after its previoues owners defaulted on making an interesrt payment onits $98 million debt load. The priodr owner, New Orleans-based , presented a forbearancw option to bondholders late last year toavoix foreclosure, a measure bondholders rejected. Housing Horizons, a subsidiary of Dallas-based , transferrer its majority ownership stake in the hotel toHRI Properties, the developee of the hotel, in earlt 2009. Jones Lang LaSalle is evaluating cost reductions rangingbetween $250,000 and $1 million annually in orderr for the Renaissance to achieve a goal net profi of $1 million in 2009.
Monday, December 5, 2011
Belarus Naftan Refinery to Boost Capacity 12% With Crude Unit - BusinessWeek
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Belarus Naftan Refinery to Boost Capacity 12% With Crude Unit BusinessWeek 5 (Bloomberg) -- The Naftan refinery in Belarus is planning to boost capacity by 12 percent next year with a new crude distillation unit, the plant's head said. The AT-6 facility will increase capacity to 12 million metric tons a year, ... |
Saturday, December 3, 2011
Cameron to acquire Natco Group - Portland Business Journal:
uraa-quartely.blogspot.com
The purchase price is based onNatco Group’s closinb stock price of $31.03 on June 1. Undet the agreement, Natco (NYSE: NTG) shareholders will receive 1.185 sharez in Houston-based Cameron (NYSE: CAM) in return for each of Natco’ss 20.3 million shares outstanding. In a Tuesday conference it was stated that the companieshave “admireed each other’s capabilities for three “As you know, Natco builds processing and separation products, somethingf that Cameron outsources most of today,” said Jack president and chief executive officer of Cameron.
He said he estimatee that combining the companies will yield a cost savingds ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own about 10 percent of Cameron’s 217 milliom shares outstanding. Natco has about 2,400 employees and had revenude of morethan $650 million during 2008. Simmonsa & Co. International served as financia adviser toCameron (NYSE: CAM), while Barclays Capitalp served as financial adviser to Natco.
The purchase price is based onNatco Group’s closinb stock price of $31.03 on June 1. Undet the agreement, Natco (NYSE: NTG) shareholders will receive 1.185 sharez in Houston-based Cameron (NYSE: CAM) in return for each of Natco’ss 20.3 million shares outstanding. In a Tuesday conference it was stated that the companieshave “admireed each other’s capabilities for three “As you know, Natco builds processing and separation products, somethingf that Cameron outsources most of today,” said Jack president and chief executive officer of Cameron.
He said he estimatee that combining the companies will yield a cost savingds ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own about 10 percent of Cameron’s 217 milliom shares outstanding. Natco has about 2,400 employees and had revenude of morethan $650 million during 2008. Simmonsa & Co. International served as financia adviser toCameron (NYSE: CAM), while Barclays Capitalp served as financial adviser to Natco.
Thursday, December 1, 2011
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