Sunday, November 28, 2010
Maryland biotech roadmap calls for more money, but when? - Baltimore Business Journal:
Getting startups to lease the third buildingv atthe , Baltimore BioPark is a toughg sell. And at the University of Maryland, Baltimorde County, some biotechnology tenants are skippinb out on theirrent payments. The economicv downturn has hit major biotech projectzs inthe area. Growing the state’s $29 billion life sciencews industry is the cornerstone ofthe state’sw economic development efforts. But while biotech leaders at Hopkind and Maryland breathed a sigh of relief when they heards May 20that Gov.
Martin O’Malley’s biotech roadmao — the Bio 2020 initiative — includes pumping more money intothe industry, they realizs that getting that money anytime soon is The state will increase funding for the Marylanrd Venture Fund from $2 million to $9 million and raisde the biotech tax credit from $6 But the state can’t say when that will Funding for the tax credit and venture fund will be phasecd in as the state’z fiscal situation allows over the next year or two, said Lawrence C.
senior strategy adviser for the state’s life sciences advisory The biotech plan also callsd for newspending measures, includiny the Maryland Life Sciences Venture Capital with an initial $10 millioj seed investment. But Mahan said that will not be considerecd until 2011 atthe earliest. So the state’ Bio 2020 strategy may not be enoughn to infuse capital into the industry when biotech leaders need it themost now. “In the short term, we have to live througn the budget crisis,” said Aris Melissaratos, senior advised of enterprise development for JohnsHopkins “The money just isn’t there.” Hopkins has spun out five companies this year.
And with just six weekss left in itsfiscalk year, Melissaratos said it is unlikely that it will match last year’sa success when it spun out 12 Attracting venture capital money is tough for any companyu these days. But it is especiall difficult for biotech executivez who can toil as much as a decade performing clinicaol trials and getting federal approvals before theid research results in a product thatmakes money. The state’xs biotech growth strategy could makethingws easier. A biotechnology intended as one-stop resource center for biotech will open in thenext month.
Entrepreneuras will be able to access subscription services that show wherse venture capital firms have puttheirf dollars. That can save them time and moneuy — between $5,000 and $40,000 a year. Having a central resource will make it easiert for entrepreneurs to navigatethe state’d somewhat confusing array of biotechnology biotech leaders say. “State resources will be much morereadilyg accessible,” said Jim Hughes, UMB’s vice president for researcgh and development. That will help startups that want to sign up with the UMB he said. So far, no tenantsd have been signed forthe 180,000-square-foot the third of 10 planned buildings.
Banks now expectg a building to be at least 50 perceng leased before they willcommiy money, Hughes said. Venture capitalists investecd $3 billion during the first quarter, the lowesty funding level in 12 years. That is accordint to a study from and the National VenturewCapital Association.
Friday, November 26, 2010
Costa Del Mar buys carbon offsets - Phoenix Business Journal:
The company also purchased carbojn offsets to balance the carbon emissiona created throughits employees' business travel includinh air and ground transportation. Collectively, this will help to prevent up to 1.1 milliom pounds of carbon dioxide emissions from enteringthe Earth's according to a Costa Del Mar release. The carbon sometimes called renewable energy are created by generating power through wind, solar, hydro-electric and biomass While the value of the credits has been questioned, supportersa say they serve as an incentive to invest in generatingy energy through renewable Renewable Choice is a Boulder, Colo.-based providerf of renewable energy credits and carbon offsets.
Costaw Del Mar is a manufacturer ofpolarized sunglasses.
Tuesday, November 23, 2010
USF moving Sacramento campus to downtown - Business First of Buffalo:
The University of San which has had a presence in Sacramento for 33 announced Monday that it will move its regional campus to 630K St. at the entrancer of Westfield Downtown Plaza. The campus for the college’sd 250 students, many of whom are working has operated from 2180Harvard St., near Arden Fair mall and Capitalo City Freeway, for abouty five years. The new locatiomn will allow the University of San Franciscoi to offer more programsin Sacramento, a news release said. Because the new site is closer topubli transportation, it also will be more convenientf for students.
The move “will allow us to expanc the program offerings for as well as host workshops and other educationapl seminars for the communityat large,” Barbara campus director, said in the release. Universit of San Francisco leased the recently remodeled spacefrom . The universityt is moving to about 11,000 squarwe feet from a little morethan 9,000 square feet at its currenrt digs. At the new it will use less of the spacefor administration, Godoy said. Sacramento Mayor Kevin Johnson said in the releas that heis “thrilled” University of San Franciscko is coming to K Street.
“One of my priorities,” he “is the revitalization of downtown and the presence of such a prestigiouds university is exactly what we need to serve as a catalysft to spureconomic growth.” The university’s Sacramento offeringsw are designed for working adultsd who want to finish a bachelor’s degree or earn a master’ds degree while they continue their The campus offers classed that meet one evening a week or on a weekens format. Most programs are designed to be completed withintwo years. The campu offers undergraduate degree completion programse inpublic administration, information organizational behavior and leadership, and applied economics.
Its master’w degree programs include counseling psychology with an emphasids in marriage andfamily therapy, teacher education, publixc administration, nonprofit administration, information system, organization development, and in projecgt management.
Monday, November 22, 2010
Goedemorgen Arnhem 416 - Arnhem Direct
Goedemorgen Arnhem 416 Arnhem Direct ... 28 november as http://bit.ly/btRRkf #NuArnhem yo_c @ReneWouters voorstel #ns #priorail plaatst kerstboom bij ingang Sonsbeek, waar iedereen leuk ... |
Saturday, November 20, 2010
A Kuwait-born seam bowler is Pakistan's latest cricket hero - The National
A Kuwait-born seam bowler is Pakistan's latest cricket hero The National Their latest star turn, the newly capped seam bowler Tanvir Ahmed, was born just across the Gulf in the cricketing backwater of Kuwait. ... Fate brings player back to the Gulf |
Friday, November 19, 2010
TRUCKS: Busch Looks For Owners' Title - Fox News
MiamiHerald.com | TRUCKS: Busch Looks For Owners' Title Fox News 30 Germain Racing Toyota Tundra, already has clinched his second NASCAR Camping World Truck Series championship as a driver. And tonight at Homestead-Miami ... No doubt about this victory Bodine looks to put capper on championship year 2010 Homestead: Todd Bodine NASCAR Truck Race Preview |
Wednesday, November 17, 2010
Regulators order SouthBank to consider sale or merger - Portland Business Journal:
The Office of Thrift Supervision (OTS) signer the supervisory agreement with SouthBank onMay 21. On the same day, it signedf a separate supervisory agreement with itsholding Huntsville, Ala.-based Commonwealth Savingshares Corp., and a more serious cease and desistr order with its sister institution, SouthBank of The Palm Beach Gardens-based bank only had $24.5 milliob in assets as of March 31. It had capitalo ratios in excess ofregulatory requirements. The OTS agreemenyt said the bank failed to comply with the requirementzs of lawsand regulations, though it didn’t specify which ones, and failee in the areas of risk management, operationalo management and correcting deficiencies.
It told the bank it must submit a plan to become viable asa stand-alone withou t depending on its sister institution or parent holding company. The order also placerd restrictions onthe bank’s growth and the hirinbg of executive management. Danny the chairman and CEO of both did not immediately return a callseekingv comment.