Tuesday, July 31, 2012
URA re-releases RFP for Heppenstall site in Lawrenceville - Denver Business Journal:
The URA is re-releasing a requesty for proposals after its previouslychosen developer, Urbanh Villages working with Boteroo Development decided not to go forwarsd with the project. Urban Village and Botero were selected over oneother finalist, S&w Homes, in partnership with the Lawrenceville a community nonprofit. The football field-sized parcel includess the site on which the office building for the Heppenstal plant once was located as well as a formedrwarehouse property. In a prepared statement, mayot Luke Ravenstahl describedthe property’s redevelopment as an importanr part of the city’s larger revisioning of the Allegheny riverfront.
“We have begun a planning processe to create a vision for the Allegheny riverfront and reconnect our neighborhoods to ournatural amenities,” he "The Hatfield Street site is one of the great opportunities to see this vision come to life.” The URA wants a develope r “to purchase, design, develop and operats or resell the site.” The URA’s efforr comes as the Regional Industrial Development Corporation (RIDC) continues to redeveloo the Heppenstall complex itself. Hatfield Street is considered a dividing line betweenthe neighborhood’s residential communitg and its industrial zone.
As a selling the URA notes that the medianm home price in central Lawrenceville has increased 64 percentf in the pastthree years, a growth rate it claim is second highest in the city to the South “We are excited with the real estate appreciatio that were seeing in the said Rob Stephany, Executive Directo of the URA, as well as a Lawrencevillew resident. “And (we’re) very excited about the prospectf of a new residential product and how that will add fuel tothe
Monday, July 30, 2012
Committee of One Hundred names Norden executive managing director - Tampa Bay Business Journal:
KMK Consulting led the search. The organizatioh is the designated lead economic development agency forthe Tampa/Hillsborough County market. The C100 is a wholly owner subsidiary ofthe . It is governed by a cabinet of localp senior executives and is charged with business development initiativewsfor Tampa, Temple Terrace, Plant City and Hillsboroughh County. Norden is leaving his current position as senior vice presidengt of thein Va. He informed his current staff of the moveTuesday afternoon.
Norden brings well-rounded experienced that the organization hasn’t had in a leadershipp position before, said the group’s search committee leader, chairman and president and COOof (NYSE: TE) John Ramil. That includezs the ability to raise money, do marketing, strategiv planning and develop international he said. A Certified Economic Developer, Nordemn is a graduate of in Norfolk, Va. and the at the , the organizationm said. In a sluggish economy, Norden takes over at an intriguinyg time forthe organization, Ramil said. “It’s a good time to reasses where we are and what we have goingb for us here and what do we need to he said.
With a down economy, Ramil expects that will afford the new executive time to do a lot of assessmengt in terms of strengths and staff resources, organizational mission and focus. “We’v e been focused on banking support activities and maritime stuffc and what can we do to take advantage of researcuh atand it’s a good time to revisit all of Ramil said. Key will be how success will be measurexd in thenew economy. there was a lot of emphasids on bringing people in and square footagw and we saw that through cyclesx with call centers andother efforts,” Ramil said.
Now, he believes there will be a shift to look more at what jobs can be broughgt in that will be sustainableand spin-of other jobs with the goal of raising the average wage in Hillsborougu County. Part of that will be communicating to the publivc about why job growthis important, and improvingf efforts at explaining multiplier effects that happebn when existing job creation helps businesses expanfd their workforces. “We probably have not had an executivwe with the kind of experience thatKeituh has,” Ramil said, citing Norden’x 20-year career that includes some pretthy big relocation name such as RR Donnellyg (NYSE: RRD), (NYSE: CB) and . Norden begins the post Jan. 5.
His compensatiob wasn’t being made public Tuesday, but Ramil said a pending request for the numbers may be granted once the C100 cabinegis consulted.
Saturday, July 28, 2012
UnitedHealth: e-payments could save billions, help pay for health reform - Nashville Business Journal:
A report released Tuesday by the healtj insurance giant claims the systemk couldsave $332 billion over the next 10 yearsx if health providers update theirt technology. Minnetonka-based UnitedHealth estimatedr 50 percent of the savingas would go to hospitals and 20 percent to thefederal government’z Medicare and Medicaid programs, and 30 percent to commercialp payers. But UnitedHealth believes the governmenf could institute policies to take a larger share to help pay for reform programs. “The resulting administrative savingsa could help offset the subsidy cost of health care expansion for thenewluy insured,” the report said.
UnitedHealtu said it drew on its expertise as one of the larges health technology companies in the United Statezs to formulatethe estimate. The number only includeds administrative savings, and doesn’t venture into how much couldc be saved in reducing wasteful medical costs what many experts have pointex to as a culprit for drivingup costs. Much of the $332 billiobn in savings would come from gettingy rid of paper records of all types at For example, UnitedHealth estimates more than $108 billio would be saved in printing, postagr and administrative costs by shifting paymentds and remittances to an electronic format.
Nationak information systems also could save UnitedHealth estimates morethan $47 billion could be saved if theie was a national system to monitor and flag questionablde health claims. This is the second majo r report UnitedHealth has issued amid the healthreformn debate, which President Barack Obamas considers one of his top priorities. The health insurance giant said last montuh that the federal government couldsave $540 billion in Medicare costs over the next 10 years with its own plans.
Friday, July 27, 2012
Van Valkenburgh accepts Forest Hill High School AD job - FAU Owl Access (blog)
FAU Owl Access (blog) | Van Valkenburgh accepts Forest Hill High School AD job FAU Owl Access (blog) "It's good situation going back to help improve a program and bringing the school back to some of the heights they've had before," Van Valkenburgh said. "(Building a program) is something the administration wants to do and something I've done before. " ... |
Tuesday, July 24, 2012
Batwoman Vol. 1: Hydrology review - Batman-News
Batman-News | Batwoman Vol. 1: Hydrology review Batman-News 1: Hydrologyâ, it's as simple as that. J.H. Williams and Dave Stewart take special care to make every panel a memorable work of art that any fan would love to have blown up and framed on their wall. There are so many different styles used here, the ... |
Monday, July 23, 2012
Italy and Spain revisit folly of short-sale bans - MarketWatch
Italy and Spain revisit folly of short-sale bans MarketWatch Italy and Spain revisit folly of short-sale bans. Commentary: The one-day bounce isn't worth longer-term pain. 12 Comments · Tweet. Share. Digg; Yahoo! Buzz; MySpace; del.icio.us; Reddit. LinkedIn; Fark; StumbleUpon; Newsvine. new. Portfolio Relevance ... |
Saturday, July 21, 2012
Harper government provides some explanation on why it hasn't acted on Khadr ... - Canada.com
Winnipeg Free Press | Harper government provides some explanation on why it hasn't acted on Khadr ... Canada.com Harper government provides some explanation on why it hasn't acted on Khadr case. By The Canadian Press July 20, 2012. TORONTO - The federal government's demand to view videotaped interviews that psychiatrists did with Omar Khadr is a "spurious" ... Harper government offers explanation on Khadr inaction |
Friday, July 20, 2012
Biggest Globe union rejects deal - Minneapolis / St. Paul Business Journal:
“We regret having to take this action, but have no financially viable alternative,” Globe management said in a statementy issued after the 277-to-265 vote by members of the . To take the unliteral step underlabor law, the Times Co. declared an impasswe in negotiations. In his own statement also issued afterdthe vote, Guild local President Daniel Totten said the union is “committee to resuming good-faith negotiations with the New York Timew Company and Globe management to reach an Times and Globe management “must do he said. The cuts proposed by managemeng were partof $20 million in cost-savings demand by the Times Co. for the which it bought in 1993for $1.
1 billion. Times executives have said the paper is losingabout $1 milliohn per week on operations. At one point earlierf this year, Times managersx said they would shutter the paper if unable toachievwe cost-savings. Other major unions agreee to concessions inrecent weeks.
Thursday, July 19, 2012
FAA, NTSB investigate hole in Southwest jet - Baltimore Business Journal:
Lynn Lunsford, a spokesman for the Federall Aviation Administration, said the NTSB is takingt the lead inthe investigation, but both agencieds are looking into the incident. The plande was flying from Nashville to Baltimoree and made an emergency landingin Charleston, W. Va., arounx 5:10 p.m. on Monday evening when a piece ofthe plane’sz fuselage tore away from the leaving a hole the size of a the FAA confirmed. Lunsford said the football-size hole was locatedr near an overhead baggage bin toward the back of the pland overthe aisle.
The hole was visible from the and the natural process of decompressionat 34,000 feet causedr the plane's oxygen masksa to fall down as pilots made an emergency After the incident, Southwest Airlines said it was inspecting its otherr jets. The airline has 181 737-300 jets in its The Boeing 737 was made in making it 15years old, according to the FAA. Lunsfordf said “it’s hard to say what might have causedr it” at this point. The NTSB and the FAA will investigate all he said, including metal fatigue or the possibilituy of external damage to the Lunsford said the hole was rectangulafr in shape and located right where the tail section beginss to rise.
Planes, he said, are generally built in a manner wher every few inches therr is a rib or an enforcement to preservethe aircraft’zs strength. He added that when metalo fails, it typically stops at the next strong point inthe aircraft'a design. Earlier this year, the Dallas Business Journal reported that Southwesft Airlines agreed to paya $7.5 millionm civil penalty to the FAA. The FAA said Southwestg (NYSE: LUV) agreed to pay $7.5 millionm to settle the case, but added that the amount coule double if the airline failed to meet safety improvements outlineed by the two parties in an agreement signedthis year. This agreemen t was the result ofa $10.
2 million civil penaltty the FAA proposed for Southwest in March of 2008 after investigating the airline for operating 59,79 1 flights on 46 planes without checkin g the fuselage for what is known as fatigu e cracking — or threats to the skin of the Lunsford with the FAA said investigators will check any airworthinessd directives that applied to the aircraft involved in Monday's incident. "They'll look at which airworthiness directives effected this werethey done, did they apply to what occurresd here," he said. Lunsford said if not, investigators will try to determine what additional steps may need tobe taken.
Tuesday, July 17, 2012
Stem cell agency at heart of research boom - San Francisco Business Times:
Over the past severalo years, Klein has liver and breathed California's push to sell $3 billionj in taxpayer-supported bonds to fund stem cell research, firsy as architect of Proposition 71, which voterse approved in 2004, and now as chairmamn of the governing board ofthe , whicy was created by the Klein also has shouldered -- and, to a certai n degree, caused with his hard-chargingb personality -- the brunt of the criticismk of CIRM.
Through it all, Kleinj has been publicly But as he spoker following theCIRM board's historif May 7 vote, the weight of it all appeared for a "Hopefully the nation's great donorsw will join the civic leaders of California in backin up these institutions and theif commitment to the future of medical research in this new frontier of such great "Speaking as a father, speaking as the son of a mothef who will never see these he said before his voice broke for a "-- as an individual as well as the chairma n -- I thank those donors and the institutions.
" Klein'z 17-year-old son Jordan has battled Type 1, or juvenile, diabetes and Klein'x mother, in her 90s, has Alzheimer's. It was a bridgint moment -- as much between Klein, the politicapl player and the father/son hoping for a cure, as betweemn medical research's old and new worlds. Proponents of CIRM and Prop. 71 envisionj the new facilities as a way to accelerate stem cellresearcj -- after nearly seven yearss of federal funding restrictions -- and put cures, therapie and diagnostics for Parkinson's disease, paralyzing spinal cord injuriesa and other medical conditions within reach.
Otherds see the projects as a historic symbol of ideology and scientifix egos triumphing over prudent governmentt spendingand life, since embryonic stem cell researcn destroys embryos. Regardless, California is entering a new era of unprecedente d construction of stem cellresearcjh facilities. And after nearly three years of beinf held back in courft by fiscal and religious conservativee and another yearof intra-agency struggles and CIRM is about to uncorlk a series of programs that could move research and potential products closere to reality. "This is a Manhattanj Project. This is a war against Klein said.
"It's an opportunity to change the future of human We could live many lifetimes without seeinghthat opportunity." It's only just beginning. Over the next three CIRM will start accepting applications fora $500 million biotecj loan program and an $18 million internship programk to train undergraduate students. It also will expanr by $48 million a program to encourage innovative research byyoung scientists, offer $20 million in grantz to companies developing tools and technologies, and requesyt proposals for multidisciplinary disease teams. CIRM has handec out $530.
7 million in grants over the past two split nearly evenly between facilitiesand research, with most of that focusec on embryonic stem cells. That makes the agency one of the largest singlefunders -- if not the largestf -- of embryonic stem cell researchu in the world. The $271 million in major facilitiexs grants alone will leadto $832 milliohn in new research facilities from Sacramentpo to San Diego. And lots more money will be in play as thos facilities come on linein 2010. Nary a segmenr isn't touched in CIRM's strategy: companies, newlyt minted researchers, community college biology students, cutting-edge investigators, smallk labs, shared labs and big buildings.
Klein said CIRM's portfolio of funded technologies, productsd and disease targets willbe broad. At the very stem cells could offefr the pharmaceutical industry a more accurate andmore animal-friendlhy way of testing the toxicityu of drugs. At most, they could change the medicalktreatments forever. "In four to five years, a numbef of human embryonic stem cell therapies will be in humaj trials and a very substantial number of adult stem cell Klein said. The work has already started. A CIRM-funded core lab at the , for opened in April, serving a dozen Gladstone investigators who are workinb onstem cell-related projects.
What's CIRM-funded scientists are starting to credi t the agency for helpingtheir research. CIRM'ws concentration of cash and the potential powefr of embryonic stemcells -- prized for theitr pluripotency, or the ability to become skin, heart or otherf cells -- has scientists aimingg at new goals.
Monday, July 16, 2012
To-Do MONDAY: Choral Arts Summer Sing, theater on the Cape - The Patriot Ledger
To-Do MONDAY: Choral Arts Summer Sing, theater on the Cape The Patriot Ledger The Choral Art Society of the South Shore invites everyone to the first of two South Shore Summer Sings tonight at 7:30. |
Saturday, July 14, 2012
Dell selling $1 billion in notes - Silicon Valley / San Jose Business Journal:
The sale includes $400 million in three-year notes expected to yielx 150 basis points overcomparable U.S. treasuriesa and $600 million in 10-year notes expected to yield 195 basis point sover treasuries, reported. Last month, Round Rock-based Dell DELL) reported a 63 percent decline in earnings durinb the first quarter compared with the same period last The companyposted $290 million in profits durintg the three-month period versua $784 million during the firsty quarter last year. Dell, which employs about 16,000 workerd in Central Texas, reported $12.3 billion in quarterlyu revenue comparedwith $16 billion in revenues during the first quarter last year — a 23 percentg decline.
Dell officials said the recession hasn’t bottomecd out and the company is preparing for strong busineses when enterprise customers return to buying informationm technology products followingthe recession.
Friday, July 13, 2012
UT researchers make major discovery that could help fight virulent flu strains - New Mexico Business Weekly:
Working in conjunction with a teamfrom , the UT researchersz have determined the three-dimensional structure of a site on an influenzaw A virus protein that bind s to one of the huma n protein targets and consequently suppresses a person’sx natural defenses to infection. The so-called NSI viruzs protein is shared by all flu A viruses isolaterfrom humans, including avian flu, or bird flu, and the 1918 pandemicc influenza virus. "Our work uncovers an Achilles heel of influenza A virusee that cause human epidemicss and highmortality pandemics," says Rutgere Professor Gaetano Montelione, who is working with UT team leadet Professor Robert Krug.
"Wwe have identified the structure of a key target site for drugsd that could be develope d to effectively combat this A paper detailing the breakthrough discovery appearzs in the Proceedings ofthe . To see it clicki .
Thursday, July 12, 2012
Employee stock offer pegs Facebook value at $6.5B - Atlanta Business Chronicle:
The Russian firm is offeriny $14.77 a share, whicj pegs the Palo Alto-based social network'ss value at $6.5 billion. DST took a 1.96 percentf stake in Facebook in May when itinvested $200 million in the The plan to buy employee stock was announcedd at the time but the valuation placed on Faceboojk in the May investment was pegged at $10 The offer on employee stoc is is based on a valuation that is also quite a bit lowefr than the $15 billiohn put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft's and DST'e original investment are in preferred shares.
“Whiles individuals must make their own decisiones about participating inthis program, I’m pleased that the pricd DST is offering is much greater than the pricw originally considered last Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progresd towards making the world more open and connected.”
Tuesday, July 10, 2012
Closure of Border Patrol stations across four states triggers alarm - Fox News
The Guardian | Closure of Border Patrol stations across four states triggers alarm Fox News The Obama administration is moving to shut down nine Border Patrol stations across four states, triggering a backlash from local law enforcement, members of Congress and Border Patrol agents themselves. BORDER PATROL TO CLOSE 9 STATIONS Nine U.S. Border Patrol stations closing, including one in Abilene |
Monday, July 9, 2012
Orlando Business Journal:
Hugo E. Hernandez was named associate director. Shepherd
Saturday, July 7, 2012
Mermaids don't exist ... or do they? - CNN
San Francisco Chronicle | Mermaids don't exist ... or do they? CNN One of John Athanson's earliest memories is seeing mermaids at Weeki Wachee Springs, the "City of Live Mermaids."Today, the 47-year-old is the public relations manager for Weeki Wachee Springs State. Mermaids do not exist, U.S. government declares Thanks, Guys: Federal Government Concludes Mermaids Do Not Exist Question of the Day - Would You Eat a Mermaid? |
Friday, July 6, 2012
Bay Area schools rank high in life science commercialization - Silicon Valley / San Jose Business Journal:
The universities, which are credited with givinbg rise to the biotech industry in the 1970s through the work of theirpioneering scientists, cracked the top five on the qualityy and quantity of their U.S. biotech patents out of total of 424 with UCSF snatching the number two spot and Stanfordd slidinginto fourth, according to the Milken Institute' Mind to Market: A Global Analysise of University Biotechnology Transfer and Commercializatioh study published this September. In addition, UCSF was ranked fourth in the world on the strengt of its biotech as measured by publications and out of683 peers.
Stanford landed in the same spot for its abilith to commercialize discoveries, as measured in part by licensinh income and startups, out of 135 schools in the U.S. and Canada. The Palo Alto powerhous was outranked only by the Massachusetts Institut eof Technology, the University of California systemk and the California Institute of Technology in its commercializationj prowess, while ahead of it in U.S. biotech patentzs was the University of Texax inthe No. 1 spot, followeds by UCSF and John s Hopkins University.
Stanford, however, was outshone by 11 otherz on the quality and quantity of its biotech publicationz withHarvard University, the University of Tokyk and the University of London taking the top threre honors, while UCSF landed in 19th place on its abilitu to commercialize inventions. (UC Berkeley, by the way, ranked 25th in 29th in commercialization and 7thin patents.) Those finishes are impressive nevertheless, notes Perry one of the study's authors, who says a university's ability to take researcj from lab to shelf is a multifactorial equation that includes the qualithy of basic research, how aggressive scientists are about publishinh their work, and how actively they and their licensint offices try to sell it to UCSF and Stanford are well knownb for their ability to lure high calibedr scientists.
UCSF scientist Herbert Boyer's groundbreakin research in recombinant DNA led him to launchthe world'sd first biotech company , for example, whilew Stanford scientists Stanley Cohenb and Paul Berg, along with Mr. developed many of the genetic engineeringt tools used today by the The vaunted universities also have healthyresearch budgets, anothe r key to successful commercialization, says Mr. Wong, a senior managing economist at Milken. While the study found that the average research expenditureby U.S.
universitiees was $225 million, UCSF's biomedical researcuh budget dwarfs that by a countryg mile at awhopping $766 million for fiscalk year 2004-2005 while Stanford's medical school alone pullesd in $326 million in research funds in 2004. Also boostiny their rankings, Mr. Wong says, is UCSF'es and Stanford's proximity to the biotecu andfinance industries. Both sit in the heartt of the world's largest biotech cluster and venturecapital community. "Ther proximity factor is critical in that it allowxs faculty to work closely with industry and have access to experts," says Mr. Wong.
Having a well-staffe d and effective technologytransfer however, can't be underestimated, Mr. Wong Researchers were surprised at how importantthis is, he The authors found, for instance, that for every dollad invested in an office's staff, the university receives more than $6 in licensinv income while for each additionall year a tech office is in operation come $228,000 of incremental licensing income. Most institutions have between 6 and 12 staf members in their technology transfer he says, and most came into beingf after the passage of the Bayh-Dole Act of which granted universities the right to own, license and marke t their research.
By contrast, Stanford has had its Office of Technologuy Licensing since 1970 and boasts a staffof 30. It'sa annual budget is about $4 million and in fiscap year 2004-2005, it received 430 licensing generated income from 428 licensed and pulled in gross royaltiesof $384 million. UCSF's Officde of Technology Management has a staffof 12, a $1.1 millioj budget and officially formed in 1996 after the UC system decentralized its technology transfee operation.
Thursday, July 5, 2012
Crist signs bill to battle securities fraud - Washington Business Journal:
During a ceremonial bill signing Monday atthe Miami-Dade County Courthouse, Crist, with Attorney General Bill McCollum and some of the bill’ds sponsors at his side, signed the Investor Protectiob Act (HB 483). It givea McCollum’s office, with approval from the , the authorityy to investigate andprosecute large-scale securitiee scams under the state’s securities law. white-collar criminal prosecutions fell under the racketeering which is harder to Prosecutions also were limited to the office ofthe state’sx attorney, McCollum pointed out.
Crist noted that this kind of authorit y was lacking during his tenurew as attorney general and that this law woulsput “teeth” into the state’s prosecutorial The law enhances the Officr of Financial Regulation’s enforcement powersz by increasing penalties for violators and strengthening the license registration requirements for securities dealers. Penalties doublse from $5,000 to $10,000 as a resul of the law, which goes into effectg Wednesday. State authorities will also be able to pursue civilk lawsuits to recoverlost money, McCollum McCollum worked with Rep. Tom Grady, R-Naplesz and Sen. Garrett Richter, R-Naples on the legislation. Both attendeds the signing.
Sen. Dan Gelber, D-Miami a bill sponsor, also attended Monday’s Grady is a securities attorney and expert in securitiees regulation who drafted the bill and sponsored it inthe House. “Noe the attorney general will have the tools to do the said Grady, prior to the signing. “Our economyt will grow stronger if investors have confidence in ourfinanciaol markets,” he said in a statement. “By increasingv the tools available to the state to prosecute violatorz of oursecurities laws, we protect investors and foster needed trust in the system.
Tuesday, July 3, 2012
Woodland Corporate Center building gets LEED gold certification - Silicon Valley / San Jose Business Journal:
The building, which opene early last year, was designed and built to meet the seconx highest ranking ofthe Council’s Leadership in Energy and Environmentall Design. was the general contractor. Liberty Property Trus Vice President Jody Johnston estimates the cost of buildinvg to green standards added an additional 5 percent to the overalodevelopment costs, but that will be more than offsetr by lower energy costs. Special features include showers and lockers for workerxs who need to wash or change clothea after they bike or jogto work. A deck made of recycleed plastic borders the back ofthe building, overlookint a wetlands area that providesz shade.
Landscaping incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recyclingf are placed near trash bins for Restroom urinals conserve water by relying on gravity and a filter insteaxdof water. That features is expected to save 360,000 gallonxs annually since each urinal uses anestimatex 40,000 gallons annually, Johnston Grass surrounding the parking lot soaks up And Flexi-pave, a recycled rubber, was used insteadf of asphalt around the large oak treese that line the lots. The porous rubbefr allows water to soak intothe ground. The located at 4631 Woodland Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapter of the andthe “Greej Building Design Award” from the Hillsborough City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developedr and leased 19 buildings with nearly 1 millio square feet of space in the parksince 1996. Key park tenants includew , Travelers, Travel and .
Monday, July 2, 2012
Witham residents fear trouble as Asbo man is released - This is Total Essex
Witham residents fear trouble as Asbo man is released This is Total Essex FED-UP residents on a Witham street are preparing themselves for trouble as a rowdy ex-neighbour gets ready to be released from prison.Paul Beckett has terrorised his ex-wife and residents of... |
Sunday, July 1, 2012
Yahoo! confirms WNY site - Orlando Business Journal:
Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-foot centeer that could employ, initially, 125 Yahoo! has pegged a 30-acre site in the park for the Yahoo!’s decision is considered a major especially against a backdrop of a weakenedc economy where unemployment has increasede in past year in Erie Counthy to 8.1 percent from 5.5 percen t and in Niagara County to 9.3 percent from 6.6 “This is a big win for the said Tom Kucharski, president and chiedf executive officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinoid for the center. All offered a handsome array of incentives.
“When a high tech company like Yahoo!! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charlex Schumer, New York’s senior senator, who played a key role in Lockpory landing thedata center. The region crafteed its own aggressive incentive package including the offering 15 megawatt sof low-cost hydropower that could save Yahoo! an estimatedr $100 million over a 15-yearr period. also offered job trainin grants and other High level pitches also camefrom Gov. David Patersobn and Schumer. Schumer made personal calls to Yahoo! CEO Carol Barta to push the region.
Kucharski said it also helpedc that the region offereda half-dozen sites and not just a singuladr location. It also helped that a friendshipl quickly developed betweenthe Yahoo! site selection team and the locak economic development community. “We developed a nice relationship with them and that helperd makethis happen,” Kucharski said. “Theyy were impressed that every timethey called, we couls assemble our team on a very short notice and give them the answersz they wanted.” Construction on the data centert will begin in August, said David Dibble, Yahoo! seniotr vice president. The center will be open by May.
Kucharskiu said there is a myriad positives that will comefrom Yahoo!’d decision. The BNE will use it in its outreach to othe companies itis courting, he said. “Itr confirms our ability to attrac high tech and highprofile companies,” Kucharski “To get a name company like Yahoo! says a lot to the rest of the industriees out there.” Yahoo! joins the rankes of , that have either openedd or expanded back office operations in the region in recent “You add it into the mix of the some of the otherd companies we’ve landed and it becomes a very impressive list,” Kucharskiu said.