Business

Worker, Homeownership and Business Assistance Act helps struggling Americans, first-time homebuyers and grows the economy

Washington, D.C. -- November 4, 2009 -- Today, Senator Arlen Specter (D-Pa.) commented on the passage of the Worker, Homeownership and Business Assistance Act. The bill provides 14 weeks of additional Federal-State Unemployment Insurance Program (UI) benefits to all states. In addition, it provides another six weeks of benefits to recipients in states such as Pennsylvania where unemployment exceeds 8.5 percent. The bill passed the Senate unanimously.    » read more »

Senator says failure to address market structure issues could mean systemic risk

November 5, 2009 -- WASHINGTON, D.C. – In a speech on the Senate floor today, Senator Ted Kaufman continued his push for more regulatory oversight of the U.S. equity markets by the Securities and Exchange Commission (SEC). As Kaufman noted, “just over one year since the collapse of Lehman Brothers ... Wall Street is essentially unchanged.” Not only are the same practices that led to the financial debacle 14 months ago still present, but the market is increasingly dominated by “new practices which are leading to new problems and new systemic risks.”

The danger, Kaufman warns, is that with no immediate crisis at hand, it is all too easy to slip back into complacency.    » read more »

Taxpayers have until Nov. 30 to take advantage of the tax savings

Nov. 5, 2009 -- CHARLESTON, W.Va.— West Virginia Governor Joe Manchin today reminded West Virginians that the last day to take advantage of the State’s second ENERGY STAR® Sales Tax Holiday is Nov. 30, 2009.

Since Sept. 1, West Virginians will not have to pay sales and use tax on certain ENERGY STAR® qualified products valued at $5,000 or less. Tangible personal property for use in a trade or business is not subject to this sales tax holiday.    » read more »

Columbus, Ohio – Ohio Governor Ted Strickland, Ohio Department of Development Director Lisa Patt-McDaniel, Ohio Board of Regents Chancellor Eric Fingerhut, and regional and local leaders today joined GE Aviation President and CEO David Joyce for an announcement of a $161 million investment at the company’s global headquarters in Evendale near Cincinnati.

The project will revitalize the headquarters and is expected to retain more than 5,000 Ohio jobs.    » read more »

Nov. 3, 2009 -- Colorado Governor Bill Ritter today congratulated four winning teams in the 2009 Rocky Mountain Cleantech Open in Denver, an event designed to find promising early-stage start-up companies that address today's most urgent energy and environmental challenges.

The winners moving to the next round of competition are: New Sky Energy (Boulder), Rivertop Renewables (Missoula, Mont.) and SunTrac Solar (Golden). A fourth company, Cool Energy of Boulder, won the regional sustainability award.    » read more »

November 05, 2009
MONTGOMERY - Alabama is reaping rewards from Kia’s decision to build its first U.S. assembly plant just a few miles across the state line in Georgia.

The Alabama Development Office reports Kia is responsible for more than 3,600 new jobs at automotive supplier plants located in Alabama. Those workers are employed at 34 different plants in Alabama, including 12 new suppliers that located in the state since Kia announced its decision in March 2006.

Twenty-five of those 34 plants supply both Alabama’s Hyundai plant and the Kia plant in Georgia.    » read more »

House Democrats Introduce H1N1 Flu Emergency Sick-Leave Bill

WASHNGTON, D.C. – U.S. Rep. George Miller (D-CA), chairman of the House Education and Labor Committee, and Rep. Lynn Woolsey (D-CA), chair of the Workforce Protections Subcommittee, announced emergency temporary legislation today that will guarantee five paid sick days for a worker sent home or directed to stay home by their employer for a contagious illness, such as the H1N1 flu virus. The House Education and Labor Committee will hold a hearing on the legislation the week of November 16.    » read more »

November 3, 2009 -- The U.S. Department of the Treasury today announced that on October 30, 2009 Angelo, Gordon & Co., L.P. and GE Capital Real Estate completed an initial closing of a Public-Private Investment Fund (PPIF) established under the Legacy Securities Public-Private Investment Program (PPIP). Small, minority-, and women-owned businesses that are partnering with Angelo, Gordon & Co., L.P. and GE Capital Real Estate include:

* CastleOak Securities, L.P.
* Park Madison Partners LLC.    » read more »

November 03, 2009 -- CONTRACTS

UNITED STATES TRANSPORTATION COMMAND

American Auto Logistics, LP, of Park Ridge, N.J., is being awarded a $207,382,618 firm, fixed-price modification for an earned award term under a previously awarded contract (DAMTOI-03-D-0184) to provide continuing services for the transportation and storage of privately owned vehicles. Work will be performed at worldwide locations and is expected to be completed Oct. 31, 2010. Contract funds will not expire at the end of the current fiscal year. United States Transportation Command (USTRANSCOM), Directorate of Acquisition, Scott Air Force Base, Ill., is the contracting activity.

ARMY    » read more »

Cites Chamber President Donohue’s own track record as director of scandal-ridden companies

November 2, 2009 -- Washington, D.C. – Change to Win (CtW) Chair Anna Burger today called on members of the House Committee on Financial Services to reject the U.S. Chamber of Commerce’s less than credible rhetoric and to approve the Waters/Peters Amendment to the Investor Protection Act of 2009 in this Wednesday’s vote. The Waters/Peters amendment affirms the Securities and Exchange Commission’s (SEC) authority to adopt a uniform proxy access rule.    » read more »

Landmark reforms were aimed at halting deforestation, illegal wood products

Washington, D.C. (Nov. 3) -- The Sierra Club and the United Steelworkers (USW) today voiced concerns over a decision by regulators to grant special exemptions for pulp and paper from the Lacey Act reforms of 2008.

These landmark reforms aim to protect the world’s forests and communities by halting the import and sale of illegally-sourced wood products in the U.S. Under the Lacey Act reforms importers must declare the country and harvest of origin for their products, an essential step to creating transparency in a previously unregulated market where US demand was driving deforestation around the world.

The concerns were submitted in joint comments to the Federal Register on Nov. 2.    » read more »

New bill by key Senators to reinvigorate ‘Super 301’ authority for U.S. agency

Washington, DC (Nov. 3, 2009) – Leo W. Gerard, International President of the United Steelworkers (USW) today announced strong support for the ‘Trade Enforcement Priorities Act of 2009’ (S. 1982) introduced by U.S. Senators Sherrod Brown (D-OH) and Debbie Stabenow (D-MI) that would breakdown foreign barriers for exports to help create American jobs.    » read more »

Benefits from Higher MPG Levels Will Outweigh Modest Impact of Cap and Trade on Gas Prices; Net Gas Cost Savings For U.S. Motorists Seen Through Combined Impact Of Two Climate-Related Measures

November 3, 2009 -- Washington, D.C. -- Good news for American motorists: Despite doomsday prediction from energy-industry-funded interest groups, U.S. consumers actually will see a net reduction of $13 billion in 2020 and $46 billion in 2030 in their gasoline expenditures ($100 and $326 in average net savings per household, respectively) if Congress moves ahead to impose a cap-and-trade system, according to a new analysis from the American Council for an Energy-Efficient Economy (ACEEE).    » read more »

Funds also create jobs at the Lab, at small businesses and down the chain.

October 28, 2009 -- As funds from the American Recovery and Reinvestment Act start to flow into Lawrence Berkeley National Laboratory, much of that funding is flowing out to small businesses.

To date, Berkeley Lab has been awarded more than $220 million in Recovery Act funds, a large part of which will go toward infrastructure projects and buying and upgrading computers and scientific equipment, such as microscopes, lasers and gene sequencers. So far, $38.2 million in Recovery Act subcontracts have been awarded, of which 58 percent went to small businesses. That far exceeds the federal government’s goal for the Recovery Act of giving 23 percent of prime contracts to small firms.    » read more »

Manufacturing Still Lags

October 20, 2009 -- Washington D.C. — The American Wind Energy Association (AWEA) reported today in its third quarter (Q3) market report that the U.S. wind energy industry installed 1,649 megawatts (MW) of new power generating capacity in the third quarter—an amount higher than either the 2nd quarter of 2009 or the 3rd quarter of 2008—bringing the total capacity added this year to date to over 5,800 MW. AWEA also reported that wind turbine manufacturing still lags below 2008 levels, in both production and new announcements.    » read more »