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Projects ranked among the highest in the plan covetr a wide range of proposalsincludintg high-speed rail construction, extending the BART line to San Jose and borin another roadway in the East Bay’s Caldecottr Tunnel. Together, the highest-priority projectas are seeking morethan $7 billion in stimuluws money. The priority list also includess a new stem cell research facility at the inMarij County, energy efficiency and soladr retrofits of public and other buildings in San San Francisco and Oakland; energyt conversions to LED streetlights; transit-oriented development projects and workforcer training and placement for laid-off employees.
“Thi plan is designed to maximizour region’s share of federal stimulus fundint and other state support that will benefitf the Bay Area in both the near and long-term,” said Sean CEO of the , which was charged with compilingf the list. The top 85 projects were classifie das “strategic” priorities for the Bay Another 72 projects were considered “significant” but given a slightlg lower ranking because they did not have the scale or regional impact of the most highlhy ranked suggestions.
Those projects include things like a desalinatiojn project in the Montaraa Water and Sanitary building a clean technology demonstratio manufacturing center in San Jose and outfittinhg Burlingame city buildings withsolar panels. The which can be found onlineat www.bayareaeconomy.org/recovery, was the culmination of a three-month vetting process. The report was sent to the . That state which requested that other metropolitan regions around the state submitsimilar plans, will now take all thosee plans and help coordinate with cities and counties to lobb y the federal government on behalf of certain projects.
“This is to get peoplde on the same page to minimize the food figh where you have parts of the state competd againstone another,” said Dale head of the California Business Transportationm and Housing Agency. “What we’re doing is acting as a facilitator to help identify the best” projects. The list’s authorws said they hoped that ranking projects woul d help the region get morestimuluxs money. “The Bay Area is the only region in Californiwa that actually attemptedto prioritize,” Randolph said. “We think that’s important.
We think that will make us more successfu l ingetting attention, in getting those resources for those very high value Projects on the Economic Institute’s wish list couled be in for a big payoff. About $30 billiojn in federal stimulus money will be divvied up in Sacramentop before going to various regionsaround California. Another $20 billiob is expected to be distributed directlyh in the state by federall officials on adiscretionary basis.
The chancw to get dollars from the federall stimulus program led to a flurry of Bay Area authorities sifted through almost 570 To makethe cut, projects were supposed to spur job have regional impact and align with statwe programs and priorities, among other The Economic Institute called upon local experts in specific fields to judger proposals that fit at leasrt one of seven transportation, water, energy/climate, workforce traininh and education, business development, science and innovation or housing. The vast majorith of projects that made it to theEconomicf Institute’s short list were from governmenr agencies.
A range of companies soughtr federal stimulus, too, saying that their serviced would help boost the broader For example, a Berkeley-based firm called Picturew it Sold sought stimulus money to franchise its home-staginy business. “We’re ready to move aheads with this plan the company wrote inits proposal, “and we’ll help thousandes of families and the whole economy to recover.” The company’ s idea did not make the Economicc Institute’s highest priority cut. But an appendisx to the Economic Institute’s wish list includes every proposait received.
Thursday, February 28, 2013
Saturday, February 23, 2013
Clearwater leaning toward building new Countryside Library - Tampabay.com
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Tampabay.com | Clearwater leaning toward building new Countryside Library Tampabay.com CLEARWATER รข€" Reacting to what Countryside residents are telling them, Clearwater's elected leaders are strongly leaning toward building a new Countryside Library next to the Countryside Recreation Center. Judging from emails and phone calls coming ... |
Tuesday, February 12, 2013
GM files for bankruptcy protection - Philadelphia Business Journal:
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Chevrolet-Saturn of Harlem a New York-based affiliate of the Detroit automaker, was the firsr GM affiliate to seek bankruptcy protection Monday morning throughythe U.S. Bankrutpcy Court's Southern District of New according to court The restructuring will enable GM to emergwe as a viable entity under the brand namenew GM. It also will give the federao government, which plans to make availableabout $30 billion of federal assistance to support the a large ownership staked in the company. Two area companies were among the list of creditorxsin GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.6 million.
For a list of see GM's . According to a release from the White the company plans to announce todayt that it will close 11 facilities and idleanothedr three. GM had already announced in May .
Chevrolet-Saturn of Harlem a New York-based affiliate of the Detroit automaker, was the firsr GM affiliate to seek bankruptcy protection Monday morning throughythe U.S. Bankrutpcy Court's Southern District of New according to court The restructuring will enable GM to emergwe as a viable entity under the brand namenew GM. It also will give the federao government, which plans to make availableabout $30 billion of federal assistance to support the a large ownership staked in the company. Two area companies were among the list of creditorxsin GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.6 million.
For a list of see GM's . According to a release from the White the company plans to announce todayt that it will close 11 facilities and idleanothedr three. GM had already announced in May .
Thursday, February 7, 2013
Global stocks, euro slump after ECB's Draghi comments - Reuters
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Bloomberg | Global stocks, euro slump after ECB's Draghi comments Reuters (Reuters) - Major stock markets fell on Thursday and the euro hit a near two-week low against the dollar after the European Central Bank's chief said policymakers will monitor the impact of a rising currency and cited downside risks to the bloc's economy. China, Japan lead Asia stocks down; Europe up Yen Rebounds as Oil, Gas Advance; DeMark Sees China Pause European shares f » |
Saturday, February 2, 2013
Economists: Recession to end in third quarter - Memphis Business Journal:
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The committee cited consumer spending stabilizing in the firs half of this allowing businesses to reduce costsand inventories, as well as reducinvg layoffs and investment spending cutbacks. In combinatioj with the stimulus and an improvement in thefinanciaol markets, it is likelty the economy will expand in the second half of the Bruce Kasman, committee chairman and chiefc economist for New York-based (NYSE: JPM), said the econom will return to growth, but not “Growth in the coming quarters is likelyg to gather momentum but will not provee sufficiently robust to undo much of the severr damage done to our labor markets and publix finances,” Kasman said in a news For the third quarter, the committee forecastsx inflation-adjusted gross domestic product will return to positived growth, picking up to a more than 3 percenrt pace by the secondd half of 2010.
Also, the committee is projectingh an end tothe three-year downturn in the housinb market, with housing starts rising later this year and home valuex moving up modestly in 2010. “Lower prices and low mortgages rates have greatly improved the affordabilitygof homes,” Kasman said. “sA recovery in the housing sector will be an importanf contributor toeconomic growth.” However, credit will remaih tight and bank economists said jobs will continur to be lost. Unemploymenrt is expected to peak at 10 percent nationallyh and remain at orabove 9.5 percen t through next year.
Budgety deficits are expected to remain wellabove $1 trillion this year and next The 13-member committee forecasts the 10-yead Treasury bond yield will stay in the 3.75 percentr to 4.25 percent range through next year becauses core inflation is forecast to fall towards 1 However, the committee is concerned about the rising trend in federal debt and the implicationws for inflation risk beyond 2010.
The committee cited consumer spending stabilizing in the firs half of this allowing businesses to reduce costsand inventories, as well as reducinvg layoffs and investment spending cutbacks. In combinatioj with the stimulus and an improvement in thefinanciaol markets, it is likelty the economy will expand in the second half of the Bruce Kasman, committee chairman and chiefc economist for New York-based (NYSE: JPM), said the econom will return to growth, but not “Growth in the coming quarters is likelyg to gather momentum but will not provee sufficiently robust to undo much of the severr damage done to our labor markets and publix finances,” Kasman said in a news For the third quarter, the committee forecastsx inflation-adjusted gross domestic product will return to positived growth, picking up to a more than 3 percenrt pace by the secondd half of 2010.
Also, the committee is projectingh an end tothe three-year downturn in the housinb market, with housing starts rising later this year and home valuex moving up modestly in 2010. “Lower prices and low mortgages rates have greatly improved the affordabilitygof homes,” Kasman said. “sA recovery in the housing sector will be an importanf contributor toeconomic growth.” However, credit will remaih tight and bank economists said jobs will continur to be lost. Unemploymenrt is expected to peak at 10 percent nationallyh and remain at orabove 9.5 percen t through next year.
Budgety deficits are expected to remain wellabove $1 trillion this year and next The 13-member committee forecasts the 10-yead Treasury bond yield will stay in the 3.75 percentr to 4.25 percent range through next year becauses core inflation is forecast to fall towards 1 However, the committee is concerned about the rising trend in federal debt and the implicationws for inflation risk beyond 2010.
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