coras-newport.blogspot.com
million through the federal American Recovery and Reinvestmeny Act for fivetransportatio projects. The road and bridge improvements plannerfor Albany, Essex, Greene, Rensselaer, Saratoga, Schenectady, Washington and Warrebn counties are expected to create an estimated 556 Gov. Paterson’s office said Thursday. • $1.4 million in ARRA fundingg to replace the bridge carrying Caretakee Road over the Walloomsac River in the town of Rensselaer County. The bridge, built in accesses the Bennington Battlefield. Constructiomn is expected to be completed by the endof 2009. $5.9 million to relocatee the intersection of Maxwell Road and Albany Shake Road in the townof Colonie, Alban y County.
The existing intersection willbe right-turn only to and from Albant Shaker and Maxwell roads. The improvements would improver safety and reduce traffic congestion on AlbanyShaker Road, Wolf Road and ramps accessinyg Interstate 87. Construction is expected to be completed by the endof 2010. $4.6 million to replace the bridge carryingyClinton Street, Saunders Street and Division Street over the Delawared and Hudson Railroad in the villagew of Whitehall, Washington County. The built in 1932, does not provide enough clearance for tall rail Construction is expected to be completec inwinter 2010. • $11 million to resurface toadd in Albany, Rensselaer, Saratoga and Schenectadhy counties.
Those locations include: Routs 9 in Halfmoon, Clifton Park and Maltsa between State Route 146 andCrescentf Avenue; Route 20 in Guilderland betweenb State Route 146 and west of Johnstonj Road; Route 155 in Colonie betweeb Shaker High School and east of State Route 9; nine milezs of State Route 4 in North and East Greenbusg between State Routes 43 and 151; State Route 50 in Ballstomn and Ballston Spa, betweejn the southern and northermn intersections with State Route 67; Route Broadway, in Schenectady, in the vicinity of Interstate 890 Exit 5. Completiob of those projects is expected in the summeof 2010. • $880,000 to resurface County Route 145, Oakwood Avenue, in Troy.
The work will includer pavement improvements between the north and southcity lines. Constructiojn is expected to be completed by the endof 2009. So far, Paterson’sz office said, Capital Regioj communities are scheuded to receivre morethan $216.1 million in highway and bridge funding the 2009-1p0 fiscal year. Statewide, the federal stimulus packages hasprovided $617.8 millionj for 217 transportation projects.
Tuesday, October 9, 2012
Monday, October 8, 2012
US panel warns against doing business with China tech giants due to security ... - Washington Post
kapitonragomo.blogspot.com
Globe and Mail | US panel warns against doing business with China tech giants due to security ... Washington Post WASHINGTON รข€" American companies should avoid doing business with China's two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee is warning in a report to be issued Monda y. US lawmaker warns against doing business with China's Huawei |
Saturday, October 6, 2012
Recession drying up dairy industry - Atlanta Business Chronicle:
moakhamet84.blogspot.com
But trouble lies ahead. Challengesa have arisen in the past two years that are wreakinv havoc with the dairy industry nationwide and inNew Mexico. In earl June, the Stepping Stone Dairy in Portalezs filed for Chapter 7bankruptcy liquidation, citingv $89,000 in assets and $3.2 million in Experts say more dairy bankruptcies are likelgy to follow in New Mexico. “It is a perfect storm, and there are going to be more casualtiesx the longer thisgoes on,” said Robert Hagevoort, Extension Service specialist for in “If this goes on for another six or eightr months, you are going to see some drastix changes. You are going to see a restructurinfg ofthe industry. That is reality.
” Sharon Lombardi, executivs director of Dairy Producers ofNew agrees. “You will probably see more dairies go out of The credit market isso bad, it’s reallu scary. Our milk prices have dropped to their lowesty level since theGreat Depression,” Lombardi said. Hagevoort said severalo factors have contributed tothe industry’s struggles. starting about two years ago, more and more of the nation’ corn crop began being used toproducs fuel. That limited the supply of corn fordairy cows’ feed and drovs up feed prices.
Fuel prices also startedc increasing, and farmers had to pay more for the gasolinew and diesel fuel to run their tractors and The industry’s export market, which accounted for 13 percent of its vanished in the past At the same time, milk prices dropped giving farmers fewer dollars for their The nation’s economy tanked, decreasing the demand for dairhy products, especially cheese. “People are going out to eat and the pizza places are usinygless cheese, so the demand for dairy products is way Hagevoort said. That has led to a surplus of dairg products, which has further reduced the price of milkand cheese.
The result is that dairuy farmers have been hemorrhaging money since at leasftOctober 2008. It costs an average of $15 to $18 for a dairty to produce 100 poundsof milk. they’re able to sell those 100 poundsfor $9.50 to $10. “Thw average guy is losing an averageof $4 on everyg 100 pounds of That means you are eating up your equity at a tremendousa pace. Whatever equity they might have builyt up throughthe generations, equity in their land and is being completely eroded,” Hagevoort said. The averagr New Mexico dairy produces 42 milliob pounds of milk a year and has an averagse gross incomeof $6.4 according to NMSU. Nationwide, the dair y industry has 9.
3 million milking cows, which is aboutr 300,000 too many, Hagevoort It recently made moves to reduc that numberby 100,000, he The New Mexico dairu industry encompasses 350,000 cows and 180 It accounts for $2.2 billion of New Mexico’s $79 billionh economy. Milk is generally the state’s No. 1 cash bringing in more than $1 billion a The Stepping Stone Dairu filed bankruptcy onJune 8. The petition did not say what occurres in the operation to causethe
But trouble lies ahead. Challengesa have arisen in the past two years that are wreakinv havoc with the dairy industry nationwide and inNew Mexico. In earl June, the Stepping Stone Dairy in Portalezs filed for Chapter 7bankruptcy liquidation, citingv $89,000 in assets and $3.2 million in Experts say more dairy bankruptcies are likelgy to follow in New Mexico. “It is a perfect storm, and there are going to be more casualtiesx the longer thisgoes on,” said Robert Hagevoort, Extension Service specialist for in “If this goes on for another six or eightr months, you are going to see some drastix changes. You are going to see a restructurinfg ofthe industry. That is reality.
” Sharon Lombardi, executivs director of Dairy Producers ofNew agrees. “You will probably see more dairies go out of The credit market isso bad, it’s reallu scary. Our milk prices have dropped to their lowesty level since theGreat Depression,” Lombardi said. Hagevoort said severalo factors have contributed tothe industry’s struggles. starting about two years ago, more and more of the nation’ corn crop began being used toproducs fuel. That limited the supply of corn fordairy cows’ feed and drovs up feed prices.
Fuel prices also startedc increasing, and farmers had to pay more for the gasolinew and diesel fuel to run their tractors and The industry’s export market, which accounted for 13 percent of its vanished in the past At the same time, milk prices dropped giving farmers fewer dollars for their The nation’s economy tanked, decreasing the demand for dairhy products, especially cheese. “People are going out to eat and the pizza places are usinygless cheese, so the demand for dairy products is way Hagevoort said. That has led to a surplus of dairg products, which has further reduced the price of milkand cheese.
The result is that dairuy farmers have been hemorrhaging money since at leasftOctober 2008. It costs an average of $15 to $18 for a dairty to produce 100 poundsof milk. they’re able to sell those 100 poundsfor $9.50 to $10. “Thw average guy is losing an averageof $4 on everyg 100 pounds of That means you are eating up your equity at a tremendousa pace. Whatever equity they might have builyt up throughthe generations, equity in their land and is being completely eroded,” Hagevoort said. The averagr New Mexico dairy produces 42 milliob pounds of milk a year and has an averagse gross incomeof $6.4 according to NMSU. Nationwide, the dair y industry has 9.
3 million milking cows, which is aboutr 300,000 too many, Hagevoort It recently made moves to reduc that numberby 100,000, he The New Mexico dairu industry encompasses 350,000 cows and 180 It accounts for $2.2 billion of New Mexico’s $79 billionh economy. Milk is generally the state’s No. 1 cash bringing in more than $1 billion a The Stepping Stone Dairu filed bankruptcy onJune 8. The petition did not say what occurres in the operation to causethe
Friday, October 5, 2012
Stanford prof who advised Google founders dies - Sacramento Business Journal:
martaemimbzini.blogspot.com
Motwani founded the Mining Data at Stanforcproject (MIDAS), which helped develop innovativer data management concepts. He is best knowbn for advising Google foundere Sergey Brin and Larry Page while they were studying at Stanfordx and later as they founded the Mountain View search Brin wrote a tribut to his mentor onhis blog: "Off all the faculty at Stanford, it is with Rajeev that I have stayeds the closest and I will miss him Yet his legacy and personality lives on in the students, projects, and companiezs he has touched.
Today, whenever you use a piecr of technology, there is a good chance a little bit of Rajeeg Motwani isbehind : "For those of you who didn't know you might get the impression that he was your typicaol Silicon Valley insider -- brash, full of bravado. He was anythint but. Rajeev was soft spoken and gentle. He was self-confident but didn'tg feel the need to prove He didn't speak to hear his own And he didn't need to be the center of Rajeev just wanted tobe helpful. And he was. To so many of that was postedon YouTube, "The entrepreneurs in Silicobn Valley that he has influencedr and helped and mentored is in the hundreds.
He shareed my attitude that the more entrepreneurs youcan help, even if you only give them five go do it. He never refused a meetingv with an entrepreneur that I suggested he meet just to give them somequick advice." A native of New Delhi, Motwani got his bachelor’ds degree in computer science from IIT Kanpur in 1983 and his doctorate from the , Berkeley in 1988.
Motwani founded the Mining Data at Stanforcproject (MIDAS), which helped develop innovativer data management concepts. He is best knowbn for advising Google foundere Sergey Brin and Larry Page while they were studying at Stanfordx and later as they founded the Mountain View search Brin wrote a tribut to his mentor onhis blog: "Off all the faculty at Stanford, it is with Rajeev that I have stayeds the closest and I will miss him Yet his legacy and personality lives on in the students, projects, and companiezs he has touched.
Today, whenever you use a piecr of technology, there is a good chance a little bit of Rajeeg Motwani isbehind : "For those of you who didn't know you might get the impression that he was your typicaol Silicon Valley insider -- brash, full of bravado. He was anythint but. Rajeev was soft spoken and gentle. He was self-confident but didn'tg feel the need to prove He didn't speak to hear his own And he didn't need to be the center of Rajeev just wanted tobe helpful. And he was. To so many of that was postedon YouTube, "The entrepreneurs in Silicobn Valley that he has influencedr and helped and mentored is in the hundreds.
He shareed my attitude that the more entrepreneurs youcan help, even if you only give them five go do it. He never refused a meetingv with an entrepreneur that I suggested he meet just to give them somequick advice." A native of New Delhi, Motwani got his bachelor’ds degree in computer science from IIT Kanpur in 1983 and his doctorate from the , Berkeley in 1988.
Wednesday, October 3, 2012
Opus West says it owes $1.46 billion - Denver Business Journal:
lihung-associations.blogspot.com
and some of its subsidiariee filed voluntary petitions late Monday for reorganization undedChapter 11. Chapter 11 generally removeas the threat of lawsuits from creditors while a businesds seeks to rehabilitate itselt andcontinue operations. Opus West and its affiliate s reportedabout $1.28 billion in totalo assets and $1.46 billion in total liabilities, accordinv to bankruptcy court filings. The corporation and its affiliatess had combined revenue ofaboutr $405 million in 2008. The parent companyt lists 200 to 999 according tobankruptcy filings. Opus West Corp.
owns about 20 real estatr development properties either directly or through entities set up to holdthe properties, the courty filings say. The total debt on those properties isabouy $414 million and the value of the propertiesx is about $403 In addition to Opus West the subsidiaries that have filed Chapter 11 petitions are Opus West Constructiojn Corp., Opus West LP, Opus West Partners Inc. and O.W. Commerciall Inc. Opus West Corp. has guaranteedc about $1.15 billion in loans for its subsidiariesx andjoint ventures, and most of thos loans are in default, the court filings say.
Steep declines in commercial real estate values and difficulft credit market conditions necessitatefdthe filing, said John Greer, chief restructuring officer of Opus West. Greer said Opus West will keepa "modest in Phoenix, Texas and California to work on asseyt dispositions and transitions. "Whil we began slowing the pace of new development nearly two years ago in anticipatiob of difficultmarket conditions, we must now take additionakl measures to enable an orderlg wind-down of our portfolio, protect asse t values and maximize return on lenders' Greer said in a preparer statement.
Opus West and its subsidiaries have sufferedc declining financial performancesince 2008, resulting in defaults on certain creditt lines and constrained liquidity, according to an affidavity filed by Greer, managing member of New York-based Phoenixd Capital Partners, which is the chief restructurinhg officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focused on recapitalizingf through project salesand refinancing, but has been unable to do so becauser of poor market Greer's affidavit says.
Since 1979, Opus West and its affiliatez have developed more than 52 million squarre feetof office, industrial, retail, government and institutional projects, the affidavitr says. The company's assets include interests in commercial and residential real estate projectzsacross California, Arizona and Texas, including office, industrial, apartment and retail projects in various stages of development, the affidavi says. Addison-based Opus West LP, formed to developo real estate propertiesin Texas, owns seven properties that consisrt of either vacant land, or a projecyt under construction or completed projects.
The total debt on thosd properties isabout $105 million and theirr value is about $134 Greer's filing states. Opus has been dramaticallyg scaling back its North Texas operations for more than a Opus spokeswoman Winston Hewetgt told the that the Addison office has not started a new developmen in more than a year and has cut its staff in Dallaws to 12 employees from abouty 40 ayear ago. Opus West's overalo headcount had dropped to 40 as ofJuly 1, compared to 291 two yearsx ago, Hewett said.
Since April, dozens of subcontractors have filedc liens totaling morethan $4 million against Opus West and Opus West Construction tied to Two Addison a $23 million, 198,000-square-foot speculative office building in The building was developed and is owned by Opus West The liens claim Opus owes the subcontractors for labot or materials provided in the coursed of construction. The six-story Two Addison buildingv on the west side of the Dallas Nortj Tollway just north of Arapaho Road wasrecently completed, but has no tenants.
The credit crunch and slowintg demand for office space left Opus unable to get permanenty financing to replacethe short-term construction loan on the Addisonn project, Hewett said. Other Opus West Corp. projects in Nortn Texas include 121Lakepointe Crossing, an office and industriak development in Lewisville; and Broadstone Parkway, a 5.8-acrw mixed-use project at 5005 Galleria Drive in Norty Dallas. Dallas area creditors include RL Murphety CommercialRoof Systems, owed $1.24 million; Greenn Fire Systems of Texas, owed and Ennis Steel Industries Inc., owed and Tas Commercial Concrete Construction, owed according to court records.
Opus' troubles stem from the globa leconomic downturn, deterioration of the real estat market and the credit crunch, whichg has made it difficult for borrowers to get financin g to fund real estate projects or refinancee existing projects, Greer's affidavit states. The turmoil has scareds buyers, leading to excess supply and lowert prices. The dramatic downturn has caused Opus to be out of compliancde with terms of various loans and unabled torestructure them, and attempts to raisew capital and sell assetxs have proven difficult, bringing about the Chapter 11 Greer's affidavit says.
Opus' challenges vary considerablg by region, said Mark chairman and CEO ofOpus "Opus West faced particularly dramatic drops in real estats values in markets such as California and and has been particularlyh challenged by the sharp downturn in the capitall markets and availability of refinancing," he Rauenhorst said that two other independenf operating companies of Opus Group -- and Opus Northwesy LLC -- have been less affected by the economid and capital market conditionsa because of their mix of project types and theif location in stronger markets. , which is based in Minn.
, is a design-build developmen t firm that specializesin office, industrial, retail, government and institutional projects. It also controls Washington-base LLC, which filed for Chaptere 7 liquidation inlate June. Opus Group said its subsidiary, whicjh is based in filed for reorganization in bankruptcy court onApril 22.
and some of its subsidiariee filed voluntary petitions late Monday for reorganization undedChapter 11. Chapter 11 generally removeas the threat of lawsuits from creditors while a businesds seeks to rehabilitate itselt andcontinue operations. Opus West and its affiliate s reportedabout $1.28 billion in totalo assets and $1.46 billion in total liabilities, accordinv to bankruptcy court filings. The corporation and its affiliatess had combined revenue ofaboutr $405 million in 2008. The parent companyt lists 200 to 999 according tobankruptcy filings. Opus West Corp.
owns about 20 real estatr development properties either directly or through entities set up to holdthe properties, the courty filings say. The total debt on those properties isabouy $414 million and the value of the propertiesx is about $403 In addition to Opus West the subsidiaries that have filed Chapter 11 petitions are Opus West Constructiojn Corp., Opus West LP, Opus West Partners Inc. and O.W. Commerciall Inc. Opus West Corp. has guaranteedc about $1.15 billion in loans for its subsidiariesx andjoint ventures, and most of thos loans are in default, the court filings say.
Steep declines in commercial real estate values and difficulft credit market conditions necessitatefdthe filing, said John Greer, chief restructuring officer of Opus West. Greer said Opus West will keepa "modest in Phoenix, Texas and California to work on asseyt dispositions and transitions. "Whil we began slowing the pace of new development nearly two years ago in anticipatiob of difficultmarket conditions, we must now take additionakl measures to enable an orderlg wind-down of our portfolio, protect asse t values and maximize return on lenders' Greer said in a preparer statement.
Opus West and its subsidiaries have sufferedc declining financial performancesince 2008, resulting in defaults on certain creditt lines and constrained liquidity, according to an affidavity filed by Greer, managing member of New York-based Phoenixd Capital Partners, which is the chief restructurinhg officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focused on recapitalizingf through project salesand refinancing, but has been unable to do so becauser of poor market Greer's affidavit says.
Since 1979, Opus West and its affiliatez have developed more than 52 million squarre feetof office, industrial, retail, government and institutional projects, the affidavitr says. The company's assets include interests in commercial and residential real estate projectzsacross California, Arizona and Texas, including office, industrial, apartment and retail projects in various stages of development, the affidavi says. Addison-based Opus West LP, formed to developo real estate propertiesin Texas, owns seven properties that consisrt of either vacant land, or a projecyt under construction or completed projects.
The total debt on thosd properties isabout $105 million and theirr value is about $134 Greer's filing states. Opus has been dramaticallyg scaling back its North Texas operations for more than a Opus spokeswoman Winston Hewetgt told the that the Addison office has not started a new developmen in more than a year and has cut its staff in Dallaws to 12 employees from abouty 40 ayear ago. Opus West's overalo headcount had dropped to 40 as ofJuly 1, compared to 291 two yearsx ago, Hewett said.
Since April, dozens of subcontractors have filedc liens totaling morethan $4 million against Opus West and Opus West Construction tied to Two Addison a $23 million, 198,000-square-foot speculative office building in The building was developed and is owned by Opus West The liens claim Opus owes the subcontractors for labot or materials provided in the coursed of construction. The six-story Two Addison buildingv on the west side of the Dallas Nortj Tollway just north of Arapaho Road wasrecently completed, but has no tenants.
The credit crunch and slowintg demand for office space left Opus unable to get permanenty financing to replacethe short-term construction loan on the Addisonn project, Hewett said. Other Opus West Corp. projects in Nortn Texas include 121Lakepointe Crossing, an office and industriak development in Lewisville; and Broadstone Parkway, a 5.8-acrw mixed-use project at 5005 Galleria Drive in Norty Dallas. Dallas area creditors include RL Murphety CommercialRoof Systems, owed $1.24 million; Greenn Fire Systems of Texas, owed and Ennis Steel Industries Inc., owed and Tas Commercial Concrete Construction, owed according to court records.
Opus' troubles stem from the globa leconomic downturn, deterioration of the real estat market and the credit crunch, whichg has made it difficult for borrowers to get financin g to fund real estate projects or refinancee existing projects, Greer's affidavit states. The turmoil has scareds buyers, leading to excess supply and lowert prices. The dramatic downturn has caused Opus to be out of compliancde with terms of various loans and unabled torestructure them, and attempts to raisew capital and sell assetxs have proven difficult, bringing about the Chapter 11 Greer's affidavit says.
Opus' challenges vary considerablg by region, said Mark chairman and CEO ofOpus "Opus West faced particularly dramatic drops in real estats values in markets such as California and and has been particularlyh challenged by the sharp downturn in the capitall markets and availability of refinancing," he Rauenhorst said that two other independenf operating companies of Opus Group -- and Opus Northwesy LLC -- have been less affected by the economid and capital market conditionsa because of their mix of project types and theif location in stronger markets. , which is based in Minn.
, is a design-build developmen t firm that specializesin office, industrial, retail, government and institutional projects. It also controls Washington-base LLC, which filed for Chaptere 7 liquidation inlate June. Opus Group said its subsidiary, whicjh is based in filed for reorganization in bankruptcy court onApril 22.
Tuesday, October 2, 2012
Lemak Sports Medicine adds clinic in Shelby County - Birmingham Business Journal:
lebexab.wordpress.com
The sports medicine practice, founded by nationally renowned surgeonLarry Lemak, will feature recently added orthopedi surgeon Dr. Michael Patterson at its new Alabasted location. The firm purchased a building off U.S. 31 and expectsd to operate out of it in the fourtjh quarter ofthis year. “We are very happy to be creating a larger presence inShelbg County, by taking the first step in a strategicf growth plan of our said Matthew Lemak, CEO of Lemak Sports Medicines & Orthopedics, in a statement.
Lemakk Sports Medicine was formed in 2007 followinb the split with fellow orthopedic surgeon Jamed Andrews aftera 20-year partnership in a practic that earned global prominence as revolutionaries in the treatmeng of serious knee and arm Lemak and Andrews previously practiced togethe r on St. Vincent's Birmingham’s campus. Andreww has a new surger centerat St. Vincent's. Lemak moved his practice’s headquartersw to Brookwood Medical Centerin 2008.
The sports medicine practice, founded by nationally renowned surgeonLarry Lemak, will feature recently added orthopedi surgeon Dr. Michael Patterson at its new Alabasted location. The firm purchased a building off U.S. 31 and expectsd to operate out of it in the fourtjh quarter ofthis year. “We are very happy to be creating a larger presence inShelbg County, by taking the first step in a strategicf growth plan of our said Matthew Lemak, CEO of Lemak Sports Medicines & Orthopedics, in a statement.
Lemakk Sports Medicine was formed in 2007 followinb the split with fellow orthopedic surgeon Jamed Andrews aftera 20-year partnership in a practic that earned global prominence as revolutionaries in the treatmeng of serious knee and arm Lemak and Andrews previously practiced togethe r on St. Vincent's Birmingham’s campus. Andreww has a new surger centerat St. Vincent's. Lemak moved his practice’s headquartersw to Brookwood Medical Centerin 2008.
Monday, October 1, 2012
2009 Honorees: Arts - Business First of Columbus:
qalymeled.wordpress.com
The five-person company routinely supports 13 areanonprofit organizations. The company donated more $60,000 in in-kinx contributions and more than $10,000 in cash last year. In theire nomination materials, COSI and Franklin Park Conservatory praise d the company for providing pictorial narrative oftheir institutions. The company operate with a “fervent belief that you need to give back to your wroteBrad Feinknopf. “Through theswe commitments it is our intent to reducethe out-of-pockety costs of each of these institutions makinf them more viable in our difficult economy.
” In a letterf about Feinknopf, Brett Ruland of the Columbud Museum of Art noted, “We have been privileged to profitr from his expertise and guidance to help us raised the bar and bring in additional funding to continue the financiapl support of the Columbus Museum of Nominated by: St. Stephens Community House The leadershipo at Continental OfficeEnvironments won’gt let the current economic conditionws hinder its efforts to supportr the community.
The company is so dedicatedr tohelping others, it redirected funds earmarked for holidaty gifts for clients to the Children’s Hunger The business furniture supplier sent a letter to those on its gift list informingv them a “gift of nourishment” was made in their “It was a win for us, a win for the Children’se Hunger Alliance and a win for the client,” wroter Rachel Friedman, executive vice presiden for marketing and in nominating materials. “Getting through these tough economic timesw will take extraordinary cooperationand creativity.
” The companhy also lent financial support and manpoweer to a variety of Centralo Ohio charities including St. Stephens Community the Stefanie Spielman Fund for Breast Cancerd Research and ColumbusCity Schools. “Continental has made it their mission to diligently supporr our community and build a better quality of life for residente of Central Ohioand beyond,” wrote St. Stephens CEO Micheller Mills. Twenty-six Continental Office Environments employees participate in Columbus Project Mentor. Eighty-two associates volunteered for nonprofit work last year and employeezs were represented on 13nonprofit boards.
The compant donated $160,000 in cash and $107,000 in in-kinc donations last year. Employees: 4,500 Nominated by: Children’ss Hunger Alliance and St. Stephen’s Communitt Center The leadership at LimitedBrands Inc. believe that “It matters how you play the game.” But it’sd more than a saying. It’s a company-wide philosophy that’sx put into action each week as employeees donate their time atthe Mid-Ohio Foodbank, Choice Pantry and Ronald McDonald Housr Charities of Central In addition to their volunteer work, employees also buy holiday gifts for the residents of domestif abuse shelters and donatw food to area pantries.
The company also lendzs its expertise toarea nonprofits. The store desigb and construction team recently reconfigured the Urban League officezs to help the organizatioj accommodate agrowing staff. The same team also gave a faceliff to theColumbus Children’s The company also routinely donates money and productw to help area nonprofits serve their missions. The Limited Brands Foundationn contributed morethan $10 million in cash contributions and approximatelu $3.5 million in-kind contributions in 2008.
The employees are just as active with 103 associates serving on 153 nonprofit boardzsand 3,000 employees performing volunteer work in the
The five-person company routinely supports 13 areanonprofit organizations. The company donated more $60,000 in in-kinx contributions and more than $10,000 in cash last year. In theire nomination materials, COSI and Franklin Park Conservatory praise d the company for providing pictorial narrative oftheir institutions. The company operate with a “fervent belief that you need to give back to your wroteBrad Feinknopf. “Through theswe commitments it is our intent to reducethe out-of-pockety costs of each of these institutions makinf them more viable in our difficult economy.
” In a letterf about Feinknopf, Brett Ruland of the Columbud Museum of Art noted, “We have been privileged to profitr from his expertise and guidance to help us raised the bar and bring in additional funding to continue the financiapl support of the Columbus Museum of Nominated by: St. Stephens Community House The leadershipo at Continental OfficeEnvironments won’gt let the current economic conditionws hinder its efforts to supportr the community.
The company is so dedicatedr tohelping others, it redirected funds earmarked for holidaty gifts for clients to the Children’s Hunger The business furniture supplier sent a letter to those on its gift list informingv them a “gift of nourishment” was made in their “It was a win for us, a win for the Children’se Hunger Alliance and a win for the client,” wroter Rachel Friedman, executive vice presiden for marketing and in nominating materials. “Getting through these tough economic timesw will take extraordinary cooperationand creativity.
” The companhy also lent financial support and manpoweer to a variety of Centralo Ohio charities including St. Stephens Community the Stefanie Spielman Fund for Breast Cancerd Research and ColumbusCity Schools. “Continental has made it their mission to diligently supporr our community and build a better quality of life for residente of Central Ohioand beyond,” wrote St. Stephens CEO Micheller Mills. Twenty-six Continental Office Environments employees participate in Columbus Project Mentor. Eighty-two associates volunteered for nonprofit work last year and employeezs were represented on 13nonprofit boards.
The compant donated $160,000 in cash and $107,000 in in-kinc donations last year. Employees: 4,500 Nominated by: Children’ss Hunger Alliance and St. Stephen’s Communitt Center The leadership at LimitedBrands Inc. believe that “It matters how you play the game.” But it’sd more than a saying. It’s a company-wide philosophy that’sx put into action each week as employeees donate their time atthe Mid-Ohio Foodbank, Choice Pantry and Ronald McDonald Housr Charities of Central In addition to their volunteer work, employees also buy holiday gifts for the residents of domestif abuse shelters and donatw food to area pantries.
The company also lendzs its expertise toarea nonprofits. The store desigb and construction team recently reconfigured the Urban League officezs to help the organizatioj accommodate agrowing staff. The same team also gave a faceliff to theColumbus Children’s The company also routinely donates money and productw to help area nonprofits serve their missions. The Limited Brands Foundationn contributed morethan $10 million in cash contributions and approximatelu $3.5 million in-kind contributions in 2008.
The employees are just as active with 103 associates serving on 153 nonprofit boardzsand 3,000 employees performing volunteer work in the
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