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September 30, 2010

Foundation takes new name, mission

Filed under: economics — Tags: , — DoctorBusiness @ 1:51 am

The Moses Cone ~ Wesley Long Community Health Foundation marks a major reorientation with a new strategy and a new name. The Foundation is now focusing on four health concerns and – effective Oct. 1 – will be known as Cone Health Foundation.

“This really is the next step in the development of the foundation,” said Susan Shumaker, president of the newly renamed foundation. “In the past 18 months, the foundation has narrowed its focus and funding priority areas. We’re also taking a bigger role in advocating for policies that promote health. The new focus and identity will help with that.”

The Cone Health Foundation is putting its resources into four areas: access to healthcare, HIV/AIDS and other sexually transmitted infections, adolescent pregnancy prevention and substance abuse/mental health.

The four areas were determined through the completion of a strategic plan that narrowed the Foundation’s focus and provided more emphasis on evaluation and advocacy payday loans guaranteed no fax. Previously, the foundation funded eight priority areas.

To help guide decision-making, the Foundation commissioned research papers to assess the capacity for making change in Guilford County within the funding priority areas. The research papers are available as a community resource at the Cone Health Foundation website, www.conehealthfoundation.com <http://www.conehealthfoundation.com/> .

The foundation was founded in 1997 and given the name Moses Cone ~ Wesley Long Community Health Foundation to recognize the heritage of the two merging hospitals which created it. The crisper name, Cone Health Foundation, signals the organization’s evolution and new priorities, officials say. The change also is intended to eliminate confusion between The Moses H. Cone Memorial Hospital, Wesley Long Community Hospital and the Community Foundation of Greater Greensboro.

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September 26, 2010

Facebook founder pledges $100 million to N.J. schools

Filed under: economics — Tags: , , — DoctorBusiness @ 1:48 am

One of America’s richest, and youngest, is giving back.

Mark Zuckerberg, founder and chief executive of social networking powerhouse Facebook, is planning on donating $100 million toward improving public schools in the troubled district of Newark, N.J.

According to an official familiar with the agreement, Zuckerberg’s donation will be the first installment from a foundation financed by Zuckerberg, and will be focused on bettering education.

With an estimated net worth of $6.9 billion, Zuckerberg ranked 35th on this year’s Forbes 400 list of richest Americans — up from 158th last year.

At 26, he and Facebook co-founder Dustin Moskovitz, are the youngest billionaires on the list.

Zuckerberg is expected to officially announce the donation on "The Oprah Winfrey Show" on Friday, along with Newark Mayor Cory Booker and New Jersey Governor Chris Christie.

The announcement comes a week ahead of the release of "The Social Network" — a highly anticipated movie about Facebook’s early years. The movie, and the book it is based on — "The Accidental Billionaires" by Ben Mezrich — do not depict Zuckerberg in the most favorable of lights. Critics have speculated that the donation is being timed to counteract the effects of the movie.

Control of Newark public schools has been in the hands of the state since 1995. Under an agreement between Mayor Booker and Gov. Christie, the state will maintain legal control over the district, but will authorize the mayor to develop a comprehensive education plan. No details have been released about how the money is to be distributed or used.

Zuckerberg grew up in Westchester County, N.Y., and founded Facebook in 2004, while studying computer science at Harvard University. 

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September 24, 2010

City Council approves $33M incentive for Coda Automotive battery plant

Filed under: term — Tags: , , — DoctorBusiness @ 8:27 am

A piece of the puzzle needed to bring a battery-making plant and 1,000 jobs to Columbus is locked in place.

Columbus City Council at its Monday meeting approved a three-part incentive package valued at up to $32.6 million for Lio Energy Systems, a joint venture between Santa Monica, Calif.-based Coda Automotive Inc. and Lishen Power Battery of China. Coda in May announced plans to build a plant in Columbus that would make lithium ion batteries for plug-in electric cars. The $657 million investment at the shuttered Alcatel-Lucent plant at East Broad Street could employ up to 1,000.

Council’s Coda incentive includes a 10-year, 75 percent property tax break on improvements; a 12-year, 65 percent Jobs Creation Tax Credit; and an eight-year, 35 percent Jobs Growth Incentive.

While the local credits chip away at the overall cost, Coda has said it needs to secure a $400 million to $500 million loan from the U.S. Department of Energy and incentives from the state. Council spokesman John Ivanic said the city wanted to act sooner rather than later.

“We wanted to make sure we step up to the plate and fulfill all of our commitments to make sure they know how eager we are to have them in Columbus,” he said.

Should Coda secure the loan and proceed with the project, it’s told the city it could begin working on the former Lucent property as early as next spring.

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September 19, 2010

Bernstein-Rein loses top creative executive

Filed under: legal — Tags: , — DoctorBusiness @ 11:45 am

Arlo Oviatt, the executive creative director at Bernstein-Rein for the past eight years, is leaving the agency.

Oviatt and agency officials said he is leaving on his volition to focus entirely on Camp Portfolio, a creative portfolio development company he started just before joining Bernstein-Rein.

He has not yet left the agency, and no firm departure date has been established.

Oviatt has also worked for D’Arcy Worldwide and Nicholson Kovac, and he was an associate professor at the University of Kansas’ William Allen White School of Journalism and Mass Communications.

“He has let me know for a while he wants to return some way to teaching,” Bernstein-Rein President Steve Bernstein said.

Oviatt has worked on several of Bernstein-Rein’s larger accounts, including Walmart Stores Inc., PetSmart and McDonald’s.

He is developing Camp Portfolio into a larger organization to help advance art directors, graphic designers and copywriters direct payday lenders.

“I’ve just been wondering, ‘Can I take that to the next level?’ and there are reasons why someone locally should take that to the next level,” Oviatt said.

Bernstein-Rein is looking for an executive creative director and is considering internal and external candidates.

Bernstein-Rein lost the Walmart account in 2006. Last year, the company went through layoffs, and it lost two big accounts, Bayer Animal Health and Time-Warner Cable.

The agency picked up some victories, too. It added a big account in MetLife, and it also picked up work from Black & Veatch, Banfield, The Pet Hospital and the Kansas City Chiefs.

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September 16, 2010

Intel invests $30M in Ciranova, 3 other companies

Filed under: technology — Tags: , , — DoctorBusiness @ 5:41 pm

Ciranova Inc. said Tuesday it received an investment from Intel Capital, the investment arm of Intel Corp.

Ciranova, which focuses on analog IC physical design automation, did not disclose the amount of the investment by Intel. Both companies are based in Santa Clara.

"Silicon for consumer devices, especially mobile Internet and broadband, now demands very aggressive mixed-signal integration in nanometer CMOS,” said Eric Filseth, Ciranova CEO. “But putting many radios or other analog functions into a single chip, together with digital, is extremely challenging using traditional analog methods. Our approach is much better suited to the complex process rules and large-scale designs associated with SoCs, and we’re delighted that Intel Capital has chosen to invest in our company online cash advance."

Click here to read the press release.

Meanwhile, Intel Capital said Tuesday it invested $30 million in four U.S. technology companies, including Ciranova. Intel did not break down the amount of each investment. It also invested in Adaptive Computing of Provo, Utah; Joyent Inc. of Sausalito and Nexant Inc. of San Francisco.

Click here to read Intel Capital's press release.

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September 13, 2010

Roswell’s Haley Farms wins USDA grant for solar PV

Filed under: economics — Tags: , , — DoctorBusiness @ 10:18 pm

Haley Farms in Roswell received an $891,000 loan guarantee and grant package from the U.S. Department of Agriculture to construct a solar photovoltaic system.

Haley Farms produces pecans on 260 acres. The solar array will include 1,518 solar panels on a 2.75-acre area. It will power pumping of a large irrigation well and sprinkler booster pump, virtually eliminating the need to buy electricity for its irrigation systems. Construction is under way and expected to be completed by December need a personal loan with bad credit.

USDA Rural Development approved the financing through the Rural Energy for America Program, which provides financial assistance to agricultural producers and small rural businesses to purchase and install renewable energy systems and to make energy efficiency improvements in rural areas with less than 50,000 people.

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September 9, 2010

Ex-attorney pleads to bank fraud

Filed under: legal — Tags: , , — DoctorBusiness @ 11:42 am

A former mortgage settlement attorney from Snyder pleaded guilty to a charge of felony bank fraud in U.S. District Court.

Robert Goods, 49, now faces up to 30 years in prison, a fine of $1 million, or both.

Prosecutors from the U.S. Attorney’s office in Buffalo said that on at least two occasions Goods misused money that was wired into his business account to pay off mortgages refinanced through Sun Trust Bank of Florida. The first wire transfer amounted to more than $423,000; the second was for $128,000.

As a result, Sun Trust lost a total of $521,872.84.

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September 5, 2010

Dollar Tree expands in S. Fla.

Filed under: term — Tags: , — DoctorBusiness @ 9:24 am

Dollar Tree Stores is expanding its presence in South Florida, signing 10 leases. Combined, the deals soak up about 99,000 square feet of retail space across the region, according to the Rotella Group. The Fort Lauderdale-based brokerage’s Steven M. Miller represented the retailer in its space hunt.

The new stores are slated for Nassau Square in Palm Beach County; The Fountains, Midway Plaza, Shenandoah Square and Southland Shopping Center in Broward County; and Intracoastal Mall, Kendale Lakes Plaza, Kendall Plaza, Plaza Del Paraiso and Sawgrass Promenade in Miami-Dade County.

The stores range from 5,400 square feet to 14,278 square feet.

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