avaohev.blogspot.com
Previously the school was called theJesse H. Jones Graduate Schooo of Management. In conjunction with the name the school will create a new logo that incorporatex the Rice University nameand shield. Through research, the graduate schoolp said it found that most top MBA programa used theterm “business” rather than and that people performing online searches to find the schoolo were using the term “business.
” “Thr update in the Jones School’s name and graphifc identity better reflects our association with Rice Universityy and provides clearer brandiny for the Jones School’x exciting programs and initiatives,” Bill Glick, dean of the Jonews School, said in a statement. “Everyone already knows us as abusiness school. The ‘business’ designationn in our new name better capturex the breadth of our current In addition, a new Web site will launchn in August. Other changes for the school include addinb a weekendMBA program.
Sunday 29 January 2012
Friday 27 January 2012
Recommended Services Not Always Given During Patients' Annual Exams - Newswise (press release)
lyubomiradete.blogspot.com
Recommended Services Not Always Given During Patients' Annual Exams Newswise (press release) Doctors recommend or deliver about half of recommended preventive care services to adult patients during periodic checkups, a new study finds. * Doctors are most likely to recommend or deliver screening tests for colorectal cancer, hypertension and ... |
Wednesday 25 January 2012
Another drop in Colorado sales-tax revenue - Business First of Buffalo:
http://alientamivida.com/daily-news/david-paterson-is-going-to-teach-a-class-on-governing/
percent — in May from the same monthy theyear before, girding legislatore for what they expect will be another roundr of cuts in next year’s fiscal With the state most of the way throughy a fiscal year that ends on June 30, no more cuts are likeluy for this year, said Joint Budget Committee Vice Chairman Jack a Democratic representative from Boulder. The Legislature has designatexd that any further funding shortfall this year will be fillede by money fromthe state’ds undesignated reserve fund and from a one-dag borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations means the six JBC memberx who setthe state’s budgegt must begin looking soon at additional ways to scale back expensew or services in next year’s fiscal plan, severaol members said. “I guess this means we’ree not out of the woods Pommer said. “We’re goinfg to have to prepare for more cuts next year on top ofwhat we’ves already made.” Legislators filled a $1.4 budgett shortfall over the past six months by raidingg the reserve funds, transferring hundreds of millions of dollaras from cash-funded accounts and cutting about $300 milliom in services.
As revenues continue to come inbelow forecast, that talk will begij again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individual incom taxes fell by $66.3 million or 19.7 and corporate income taxes droppedby $2.2 milliobn or 13.2 percent. State reserves have about $148 million that can be used to offsertrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the stat must transfer funding temporarily, that will only push the problem of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’re starting to see recovery, or not?” Ferrandinoi said.
“We’re starting to see some indications that the econom y is startingto recover, if not level
percent — in May from the same monthy theyear before, girding legislatore for what they expect will be another roundr of cuts in next year’s fiscal With the state most of the way throughy a fiscal year that ends on June 30, no more cuts are likeluy for this year, said Joint Budget Committee Vice Chairman Jack a Democratic representative from Boulder. The Legislature has designatexd that any further funding shortfall this year will be fillede by money fromthe state’ds undesignated reserve fund and from a one-dag borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations means the six JBC memberx who setthe state’s budgegt must begin looking soon at additional ways to scale back expensew or services in next year’s fiscal plan, severaol members said. “I guess this means we’ree not out of the woods Pommer said. “We’re goinfg to have to prepare for more cuts next year on top ofwhat we’ves already made.” Legislators filled a $1.4 budgett shortfall over the past six months by raidingg the reserve funds, transferring hundreds of millions of dollaras from cash-funded accounts and cutting about $300 milliom in services.
As revenues continue to come inbelow forecast, that talk will begij again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individual incom taxes fell by $66.3 million or 19.7 and corporate income taxes droppedby $2.2 milliobn or 13.2 percent. State reserves have about $148 million that can be used to offsertrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the stat must transfer funding temporarily, that will only push the problem of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’re starting to see recovery, or not?” Ferrandinoi said.
“We’re starting to see some indications that the econom y is startingto recover, if not level
Monday 23 January 2012
American Economic Association launches four journals - Pittsburgh Business Times:
ucenyt.wordpress.com
The four new American Economi cJournals are: AEJ: Applied Economics, AEJ: AEJ: Microeconomics and AEJ: Economic Policy. Each of them is peer-reviewes and headed by an editor who is anoted U.S. Esther Duflo, of the , is editor for Applied Economics; Olivied Blanchard, also of the Massachusetts Institutdeof Technology, is editor for Macroeconomics; Andreq Postlewaite, of the , is editor of and Alan Auerbach, of the , is editot of Economic Policy. The rest of the publications’ teamsw work out of the South Side The AEAhas 16,000 members and is based in Nashville, Tenn. The organizationh consolidated its publications in Pittsburghin 2004.
Since that time, the locall staff has increased from 13 to29 full-time The publications are available to members of the Links to the online versione are available at: .
The four new American Economi cJournals are: AEJ: Applied Economics, AEJ: AEJ: Microeconomics and AEJ: Economic Policy. Each of them is peer-reviewes and headed by an editor who is anoted U.S. Esther Duflo, of the , is editor for Applied Economics; Olivied Blanchard, also of the Massachusetts Institutdeof Technology, is editor for Macroeconomics; Andreq Postlewaite, of the , is editor of and Alan Auerbach, of the , is editot of Economic Policy. The rest of the publications’ teamsw work out of the South Side The AEAhas 16,000 members and is based in Nashville, Tenn. The organizationh consolidated its publications in Pittsburghin 2004.
Since that time, the locall staff has increased from 13 to29 full-time The publications are available to members of the Links to the online versione are available at: .
Saturday 21 January 2012
Hawaii flu cases close to 300 - Philadelphia Business Journal:
opexibu.wordpress.com
The Hawaii Department of Health, which now updatew its online H1N1 count each said there are now 298 confirmedf casesin Hawaii. There were 98 new cases confirmeds on Oahu this week for a tota l of288 cases. Kauai and Maui adderd a case each this They each have a total ofthree cases. The Big which has four cases, did not report any new cases this Most have recovered or are recoverinyg fromthe illness. The Centers for Disease Control and Preventiobn said thatmost U.S. cases have not been severed and are comparable in severity toseasonal influenza. Hawaioi residents with questions about H1N1 flu cancall (866) 767-50454 ext. 3 between 7 a.m. and 7 p.m.
Mondayh through Friday and on weekende from9 a.m. to 5:30 p.m. Or visi t www.hawaii.gov/health or the Centersw for Disease Control and Preventionat
The Hawaii Department of Health, which now updatew its online H1N1 count each said there are now 298 confirmedf casesin Hawaii. There were 98 new cases confirmeds on Oahu this week for a tota l of288 cases. Kauai and Maui adderd a case each this They each have a total ofthree cases. The Big which has four cases, did not report any new cases this Most have recovered or are recoverinyg fromthe illness. The Centers for Disease Control and Preventiobn said thatmost U.S. cases have not been severed and are comparable in severity toseasonal influenza. Hawaioi residents with questions about H1N1 flu cancall (866) 767-50454 ext. 3 between 7 a.m. and 7 p.m.
Mondayh through Friday and on weekende from9 a.m. to 5:30 p.m. Or visi t www.hawaii.gov/health or the Centersw for Disease Control and Preventionat
Thursday 19 January 2012
Photosynthesis Fuel Company Gets a Large Investment - Technology Review
goldenayreyg1666.blogspot.com
Technology Review | Photosynthesis Fuel Company Gets a Large Investment Technology Review By Phil McKenna Green tea: Joule Energy's SolarConverter turns carbon dioxide and sunlight into ethanol fuel at a pilot plant in Leander, Texas. Joule Unlimited, a startup based in Bedford, Massachusetts, has received $70 million to commercialize ... Joule closes on $70 million venture round Joule raises $70 million to fund construction of novel biofuel plant Joule Unlimited raises $70 million in its latest round; heads for ... |
Monday 16 January 2012
MERC board backs Woolson, opposes Metro authority move - Portland Business Journal:
torbjorntrainer1738.blogspot.com
Six of the seven board membersd signed a letter to Metro Council President David Bragdomn supporting Woolson after Bragdoncriticized Woolson’s job performance. MERC is a Metro subsidiary. Two board members — Ray Leary and Janicew Marquis — also callesd upon Portland’s City Council to ask Metrl to postpone a vote that would give the regional governmengt the authority to hire andfire MERC’s top The MERC Commission currently has that Metro Councilors Rod Park and Rex Burkholder made the proposal last The council will discuss the proposa l on Thursday and could approve it at its June 25 Park and Burkholder also have concerns with Woolson’s performance.
MERC overseews the Oregon Convention Center, the Portlandd Center for the Performing Arts and the Portland MetropolitabExposition Center. Leary and Marquisa were joined by fellow board member sGary Conkling, Elisa Dozono, Yvonne McClain and Gary Reynoldsz in supporting Woolson. “We regret a personnel matter has become apublic debate,” the board memberse wrote. While Woolson exceeded expectations inprevious reviews, the board said it plans to further track Woolson’s performance.
Bragdon had criticized Woolsobn for adding more executivre staff and publicrelationsx workers, a move that helped nearly double his office’s to a proposed $877,808 for fiscal year He also blasted Woolson for moving into a new downtown for earning $184,000 — the agency’s highest overalol salary — and for allegedly mismanagingf efforts to build a hotel next to the Oregonm Convention Center and a new Columbiaq River Crossing. • Woolson’s hires have helped build business relationships that brinh revenueto MERC’s facilities.
• The downtown office, in the Centerf for Performing Arts, is rent-free and sits across the streert fromTravel Portland, the commission’s main marketing contractor. • Woolson’s salary was approvesd by Michael Jordan, Metro’s chierf operating officer, and has increased as he’sd met performance goals. • MERC, at the request of Metro plays a diminished role in advancing theheadquartersd hotel. Woolson had protested configurations of the Columbia Rivetr Crossing that would affect parkingb at the nearbyExpo Center.
The MERC board said Woolson advocated onthe center’s behalf, a move that drew fire from Burkholderd when Woolson butted heads with bridgde supporters from other government agencies. “Hisd efforts laid the groundworkj for enlightened future development of this importanf community asset which pays bond debt services fromenterprise revenues, and enables the Oregonm Convention Center to stay focused on larger scale conventions that bring exponentiap tourism benefits to the region,” the boarde members wrote. Only Don Trotter, the board’s chairman, didn’yt sign the letter backing The Oregonian reported May 29 that Trotterr asked Woolsonto resign.
Leary and Marquis, who represen t the city of Portlandon MERC’s said the Metro ordinance seeking more authority over MERC’ s operations could invite “decisiond based on politics, not busineszs and industry expertise.” The city coulrd also lose its direct voice in managinh MERC’s buildings. The pair also objected to “thde lack of transparency” in Metro’s decision-makin process related to the MERC “We are proud that MERC’s businese position continues tobe solid, despite the economidc challenges facing this community, and we believse the organization’s success is due, in large to the current direct reporting relationship Woolson and the commission, Leary and Marquise wrote.
MERC’s venues generated more than $535 million in economicf impactand 5,500 jobs for the region’sw economy in fiscal year 2007‐2008, according to a commissioj study. Metro’s councilors are mulling a $457 million budget for fiscal year 2009-2010. The regionao government serves 1.4 million people in the Portlandmetropolitan area’e 25 cities.
Six of the seven board membersd signed a letter to Metro Council President David Bragdomn supporting Woolson after Bragdoncriticized Woolson’s job performance. MERC is a Metro subsidiary. Two board members — Ray Leary and Janicew Marquis — also callesd upon Portland’s City Council to ask Metrl to postpone a vote that would give the regional governmengt the authority to hire andfire MERC’s top The MERC Commission currently has that Metro Councilors Rod Park and Rex Burkholder made the proposal last The council will discuss the proposa l on Thursday and could approve it at its June 25 Park and Burkholder also have concerns with Woolson’s performance.
MERC overseews the Oregon Convention Center, the Portlandd Center for the Performing Arts and the Portland MetropolitabExposition Center. Leary and Marquisa were joined by fellow board member sGary Conkling, Elisa Dozono, Yvonne McClain and Gary Reynoldsz in supporting Woolson. “We regret a personnel matter has become apublic debate,” the board memberse wrote. While Woolson exceeded expectations inprevious reviews, the board said it plans to further track Woolson’s performance.
Bragdon had criticized Woolsobn for adding more executivre staff and publicrelationsx workers, a move that helped nearly double his office’s to a proposed $877,808 for fiscal year He also blasted Woolson for moving into a new downtown for earning $184,000 — the agency’s highest overalol salary — and for allegedly mismanagingf efforts to build a hotel next to the Oregonm Convention Center and a new Columbiaq River Crossing. • Woolson’s hires have helped build business relationships that brinh revenueto MERC’s facilities.
• The downtown office, in the Centerf for Performing Arts, is rent-free and sits across the streert fromTravel Portland, the commission’s main marketing contractor. • Woolson’s salary was approvesd by Michael Jordan, Metro’s chierf operating officer, and has increased as he’sd met performance goals. • MERC, at the request of Metro plays a diminished role in advancing theheadquartersd hotel. Woolson had protested configurations of the Columbia Rivetr Crossing that would affect parkingb at the nearbyExpo Center.
The MERC board said Woolson advocated onthe center’s behalf, a move that drew fire from Burkholderd when Woolson butted heads with bridgde supporters from other government agencies. “Hisd efforts laid the groundworkj for enlightened future development of this importanf community asset which pays bond debt services fromenterprise revenues, and enables the Oregonm Convention Center to stay focused on larger scale conventions that bring exponentiap tourism benefits to the region,” the boarde members wrote. Only Don Trotter, the board’s chairman, didn’yt sign the letter backing The Oregonian reported May 29 that Trotterr asked Woolsonto resign.
Leary and Marquis, who represen t the city of Portlandon MERC’s said the Metro ordinance seeking more authority over MERC’ s operations could invite “decisiond based on politics, not busineszs and industry expertise.” The city coulrd also lose its direct voice in managinh MERC’s buildings. The pair also objected to “thde lack of transparency” in Metro’s decision-makin process related to the MERC “We are proud that MERC’s businese position continues tobe solid, despite the economidc challenges facing this community, and we believse the organization’s success is due, in large to the current direct reporting relationship Woolson and the commission, Leary and Marquise wrote.
MERC’s venues generated more than $535 million in economicf impactand 5,500 jobs for the region’sw economy in fiscal year 2007‐2008, according to a commissioj study. Metro’s councilors are mulling a $457 million budget for fiscal year 2009-2010. The regionao government serves 1.4 million people in the Portlandmetropolitan area’e 25 cities.
Saturday 14 January 2012
State funds 47 home improvement plans - The Business Journal of Milwaukee:
burdukovahycel.blogspot.com
The AHC, a branch under the state’s housint finance agency, aims to bolster home-ownership for low- and moderate-income The agency approved a $500,000 grant to Cheektowaga’s Communitt and Economic DevelopmentOffice (CEDO). The funds will go towardc renovations for14 single- and two-familgy homes located throughout the The AHC also granted Lackawanna’s Housing Developmentt Corporation (LHDC) $200,000 to fund improvementws to a total of 33 single- and two-famil homes throughout the city.
The planned improvementx include fixingstructural problems, replacing roofs, windows, siding, replacing deficient wate and septic systems and upgrading electrical, heating and plumbing The renovations are aimed at bringinbg the homes up to code undefr local and state building Further funding for the Cheektowaga project’s $833,00 total will come from the town’ds HOME funds ($130,000) and a Community Development Bloc k Grant ($200,000). The City of Lackawanna will fund what remain s ofits project’s $334,000 total with homeowner-equitt funds.
The CEDO and LHDC will allocate the fundsw ona first-come, first-served basis to qualified “These grants will help improve the agingv housing stock in western New York,” said AHC Presiden t and CEO Pricilla Almodovar.
The AHC, a branch under the state’s housint finance agency, aims to bolster home-ownership for low- and moderate-income The agency approved a $500,000 grant to Cheektowaga’s Communitt and Economic DevelopmentOffice (CEDO). The funds will go towardc renovations for14 single- and two-familgy homes located throughout the The AHC also granted Lackawanna’s Housing Developmentt Corporation (LHDC) $200,000 to fund improvementws to a total of 33 single- and two-famil homes throughout the city.
The planned improvementx include fixingstructural problems, replacing roofs, windows, siding, replacing deficient wate and septic systems and upgrading electrical, heating and plumbing The renovations are aimed at bringinbg the homes up to code undefr local and state building Further funding for the Cheektowaga project’s $833,00 total will come from the town’ds HOME funds ($130,000) and a Community Development Bloc k Grant ($200,000). The City of Lackawanna will fund what remain s ofits project’s $334,000 total with homeowner-equitt funds.
The CEDO and LHDC will allocate the fundsw ona first-come, first-served basis to qualified “These grants will help improve the agingv housing stock in western New York,” said AHC Presiden t and CEO Pricilla Almodovar.
Thursday 12 January 2012
Home / Auto News / News article: Ford Recalls 450426 Minivans and SUVs for ... - AutoGuide.com
humojo.wordpress.com
Home / Auto News / News article: Ford Recalls 450426 Minivans and SUVs for ... AutoGuide.com It seems this is the first major recall of the year, and it comes from the Ford Motor Company. Ford is recalling 450426 vehicles consisting of three different models for two separate reasons which they announced all together this morning. ... |
Tuesday 10 January 2012
SEC rules that IOUs should be treated as securities - San Francisco Business Times:
xiwyxucupewox.blogspot.com
on Thursday issued its opinionthat California’s IOUs shouldf be treated as securities under federap securities law. Under that opinion, holders of the notes, whicu carry a 3.75 percent interest rate, are protected by securitied laws thatprevent fraud. And it means that peopld who attempt to make a markey in buying and selling the notes may have to be registered as dealers or municipalsecurities dealers, or as alternativwe trading systems or national securities The SEC did not make any determination on whethefr California has the authority to issue or repayg the registered warrants.
“The SEC has sent a prettyt clear warning to folks who plan to profit by buyinvg andreselling IOUs: If you’re not registered as a municipalo securities broker-dealer, you run the risk of violatingv federal law,” said Tom Dressler, spokesman for Californiwa state Treasurer Bill Lockyer. “The recipients of IOUs also shoulf understand that if they sell their IOU to anyone who is not alicensexd broker-dealer, they could well have no remedy under federal law if they get victimizer by a con artist. So, they should check before selling.” Dresslerd said the SEC’s opinion should reduces the “shark factor and potential for taxpayers toget defrauded.
” On the othefr hand, he said the decision might make it more difficultt for IOU recipients to get cash for IOUs if theirf bank or credit union won’t take them. The SEC’s opinionh is available at: http://www.sec.gov/news/press/2009/2009-154.htmj Most major banks initially said they would cash in the which the state started issuingg onJuly 1, but only through July 10. Some also placed a 10-day hold on the warrants. As of Thursday evening, the banks have not extendee that deadline. More than 60 credit however, said they would continue to accept IOUs.
An updatesd list of credit unions acceptiny IOUs can be foundat
on Thursday issued its opinionthat California’s IOUs shouldf be treated as securities under federap securities law. Under that opinion, holders of the notes, whicu carry a 3.75 percent interest rate, are protected by securitied laws thatprevent fraud. And it means that peopld who attempt to make a markey in buying and selling the notes may have to be registered as dealers or municipalsecurities dealers, or as alternativwe trading systems or national securities The SEC did not make any determination on whethefr California has the authority to issue or repayg the registered warrants.
“The SEC has sent a prettyt clear warning to folks who plan to profit by buyinvg andreselling IOUs: If you’re not registered as a municipalo securities broker-dealer, you run the risk of violatingv federal law,” said Tom Dressler, spokesman for Californiwa state Treasurer Bill Lockyer. “The recipients of IOUs also shoulf understand that if they sell their IOU to anyone who is not alicensexd broker-dealer, they could well have no remedy under federal law if they get victimizer by a con artist. So, they should check before selling.” Dresslerd said the SEC’s opinion should reduces the “shark factor and potential for taxpayers toget defrauded.
” On the othefr hand, he said the decision might make it more difficultt for IOU recipients to get cash for IOUs if theirf bank or credit union won’t take them. The SEC’s opinionh is available at: http://www.sec.gov/news/press/2009/2009-154.htmj Most major banks initially said they would cash in the which the state started issuingg onJuly 1, but only through July 10. Some also placed a 10-day hold on the warrants. As of Thursday evening, the banks have not extendee that deadline. More than 60 credit however, said they would continue to accept IOUs.
An updatesd list of credit unions acceptiny IOUs can be foundat
Sunday 8 January 2012
Bidve body brought back, cremated - Hindustan Times
framptongeqeaqu1461.blogspot.com
Hindustan Times | Bidve body brought back, cremated Hindustan Times A British Police official arrives to meet Anuj Bidve's family at his residence in Pune. Anuj Bidve was gunned down in Salford, UK. PTI Barely three months after local boy Anuj Bidve, 23, left India to pursue higher studies in the United Kingdom, ... Bi dve's body brought home, family bids tearful farewell Bidve's body brought to India; last rites in Pune Anuj Bidve's body brought back to Mumbai; last rites today evening in Pune |
Friday 6 January 2012
Tuesday 3 January 2012
The sun is starting to shine on Oregon's solar industry - Portland Business Journal:
qozadaunu.blogspot.com
"Oregon is going to be one of, if not the, key manufacturinf location in the United Statexsfor solar," said Bob Ford, CEO of Santaa Clara, Calif.-based Solaicx. Both Ford and Jon executive director ofthe , said several manufacturerd continue looking for locations here. Those include Aliso Calif.-based , a pre-revenue public company that designws solar cells andmanufacturing systems. "We're trying to completee a leaseright now," said XsunX CEO Tom Djokovich. "We want to get the building ready andmove [to Portland] by mid-nex t year." The company wants to find a 50,000-square-foot manufacturingf plant with room to expand by anothetr 150,000 square feet.
It's looking withihn a 30-minute radius of the airport and hasa $21 millioj financing package for the Djokovich said. It's already been a big year for the state'sx solar industry. The German company Solarworld AG announcedc in March it will spendnearly $400 milliom to build what could be the nation's largestg solar manufacturing facility in Hillsboro. Solaicx, whicn makes the ingots and waferse used to make solar has hired 40 local employees at the newPortlandf plant. It expects to hire 20 more in the next two The Portland plant could eventuallyemploy 200.
"We'rd probably the top solar energy manufacturing clusteer inthe country," said whose organization had 60 members last year, but grew to 90 this Oregon is already fifth nationally in with about 400 of the nation's 8,500 annualp solar panel installations. Severalo factors contribute to Oregon getting a big chunk ofthe $1 billion U.S. solar Solaicx chose Portland three years agoover Texas, and Phoenix, The state's skilled work force was the biggest "Portland had the best overal l conditions," Ford said. "Easily the most important part of sighting in Portlanx was around skillsets [of workers].
" Solart manufacturing requires highly trained workers, which are in ample supply in Oregom thanks to the state's robust semiconductor Secondly, the state's abundant hydropower meands cheap, reliable electricity, a must for high-energy consuming operations like solare manufacturing. "Access to reliable power was the second key Ford said. "Hydropower made a lot of sense." The low cost of busines in Oregon, relative to also made Oregon attractive, Ford said. Increased tax credits for solaf manufacturers werea bonus. This the Legislature increased tax creditss for renewable energy manufacturers to 50 percent of the constructionh cost of anew facility.
The credit is cappesd at $10 million and can be takemn overfive years. "Solaicx is tappin into some very desirable Ford said. "I would expect some othert solar companies will come into the Solaicx isstill pre-revenue, but could starrt selling products to some of the world'ss largest solar equipment makers in the next few The company was funded with $45 million in venture
"Oregon is going to be one of, if not the, key manufacturinf location in the United Statexsfor solar," said Bob Ford, CEO of Santaa Clara, Calif.-based Solaicx. Both Ford and Jon executive director ofthe , said several manufacturerd continue looking for locations here. Those include Aliso Calif.-based , a pre-revenue public company that designws solar cells andmanufacturing systems. "We're trying to completee a leaseright now," said XsunX CEO Tom Djokovich. "We want to get the building ready andmove [to Portland] by mid-nex t year." The company wants to find a 50,000-square-foot manufacturingf plant with room to expand by anothetr 150,000 square feet.
It's looking withihn a 30-minute radius of the airport and hasa $21 millioj financing package for the Djokovich said. It's already been a big year for the state'sx solar industry. The German company Solarworld AG announcedc in March it will spendnearly $400 milliom to build what could be the nation's largestg solar manufacturing facility in Hillsboro. Solaicx, whicn makes the ingots and waferse used to make solar has hired 40 local employees at the newPortlandf plant. It expects to hire 20 more in the next two The Portland plant could eventuallyemploy 200.
"We'rd probably the top solar energy manufacturing clusteer inthe country," said whose organization had 60 members last year, but grew to 90 this Oregon is already fifth nationally in with about 400 of the nation's 8,500 annualp solar panel installations. Severalo factors contribute to Oregon getting a big chunk ofthe $1 billion U.S. solar Solaicx chose Portland three years agoover Texas, and Phoenix, The state's skilled work force was the biggest "Portland had the best overal l conditions," Ford said. "Easily the most important part of sighting in Portlanx was around skillsets [of workers].
" Solart manufacturing requires highly trained workers, which are in ample supply in Oregom thanks to the state's robust semiconductor Secondly, the state's abundant hydropower meands cheap, reliable electricity, a must for high-energy consuming operations like solare manufacturing. "Access to reliable power was the second key Ford said. "Hydropower made a lot of sense." The low cost of busines in Oregon, relative to also made Oregon attractive, Ford said. Increased tax credits for solaf manufacturers werea bonus. This the Legislature increased tax creditss for renewable energy manufacturers to 50 percent of the constructionh cost of anew facility.
The credit is cappesd at $10 million and can be takemn overfive years. "Solaicx is tappin into some very desirable Ford said. "I would expect some othert solar companies will come into the Solaicx isstill pre-revenue, but could starrt selling products to some of the world'ss largest solar equipment makers in the next few The company was funded with $45 million in venture
Sunday 1 January 2012
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