Tuesday, January 31, 2012
Too busy for retirement - The Business Journal of Milwaukee:
Then he’s off to the downtown wealth managemenyt business he leads withHoward Schnoll. That’ss a pretty healthy pace for anyinvestmenft executive, let alone one who just turned 78. Schnoll turns 74 next month, favors golf and, unlike Schilffarth, has cut back to part-tims work. Schilffarth, Schnoll and their stafff advise individual investors on meeting their financial needsthroughj retirement. The duo certainly coule retire, but until recently neither oneconsidered it. who lives half the year in Boca Grove, Fla., said he’xs seen too many otheer retired executives from the Milwaukee area move to Floridaand “goo downhill” due to inactivity.
“You’ve gotta keep busy,” Schnoll said. Schilffart h said he’ll keep working as long as he’s He’s reduced his weekday work hoursd to about eight per day and still worksa half-dat on Saturdays. “When I physically or mentally seea decline, then it’w time to retire,” Schilffarth “Luckily I’ve not had that problem The business partners run the Schilffarth-Schnoll Group, which is part of RBC Wealthu Management’s Milwaukee investment advisory office in the 1000 Water They affiliated with RBC in 2006, when both were already in theie 70s, after a litigation-tinged departure from The Ziegle r Cos., Milwaukee.
The pair left Ziegler “dued to a change in Ziegler’s business plan,” accordingy to Schilffarth. They could’ve closed or sold their businesz atthat point, but they met with 19 prospective investmentt firms they considered joining. They determined that RBC was the best fit and providedd the most security fortheir clients; parent company in Torontl is among the world’s most financiallhy sound. Doug Artus, who runs the RBC Wealtuh ManagementMilwaukee office, inherited Schilffarth-Schnoll Groul when he joined the firm in May 2007.
He said Schilffarth-Schnol l brought RBC more high net-worth and institutional clients and name recognitio n inthe Milwaukee-area investment market. “It’s been an absolute pleasure to work withtheir team,” Artue said. “I consider them consummate There’s just a load of experience intheid group.” has its own sign and its own door off the elevatofr for RBC’s 15th-floor offices. Members of the group are part of RBC, but they’re not stockbrokers. They consult with individuap and institutional clients on where and howto invest. They receive a percentagew fee based ontheird clients’ assets.
Schilffarth’s specialty is analyzing money managers and mutual funds where the firm is consideringplacinyg clients’ money. He’s considere a pioneer in the field, which he entered when he becamde a stockbroker in the early 1970aat E.F. Hutton. Previously, he ran Data Formw in Milwaukee until selling it in 1968 and worke d forhis in-law’s business, Schnoll’s background is in accounting, and he co-foundeed a firm in 1966 that was sold in 1985 to . He led BDO’es Milwaukee office until 1990. Schnoll is best known in Milwaukee as the former chairman of the Milwaukee World Festival Inc.
board and still servees on the executive committee of the organizationm thatruns Summerfest. Schilffarth and Schnoll were introduced in 1991 byDick Glaisner, a long-tim e Milwaukee investment executive who now is a managinbg partner at Fiduciary Real Estate Development in Milwaukee. Schnoll, Glaisner and Donald Grande in 1993 formed Milwaukese investment banking and stock brokeragefirm Ltd. and subsidiarg In 1997, they sold the firm to The Ziegler Cos., formerly of Schilffarth and Schnoll remained with Ziegler until 2006.
Schilffart h and Schnoll are happy to maintain their independeny identity and client relationships at RBC whileenjoyinf RBC’s organizational strength and The Schilffarth-Schnoll Group has its own creed statinyg that success is measured by meeting clients’ investmengt objectives. Secondary goals include “embrace change” and striving “top create tomorrow’s knowledge.” Brian Andrew, who workee at Ziegler Cos.
while Schilffarth, Schnoll and theid group were there, said clients feel comfortabler entrusting their retirement planning to the duo because Schilffartbh and Schnoll have such extensive Andrew credits them with not relying on that experience butstayinf current.
Sunday, January 29, 2012
Ritz Camera gives up reorganization efforts, plans to sell remaining stores - Triangle Business Journal:
Beltsville, Md.-based Ritz Camera says its lack of funds leaves it with no choice but to auction off its remaining locations by the end of The Ritz Camera Web site shows that the company has eighr stores and one Ritz Camera location still open in the Ritz enteredthe Raleigh-Durham market in 2001 when it acquire d Wolf Camera, which had sought bankruptcy protection. Ritz Cameraq Centers says in a court filinf that it is talking with two potential bidders for its remaining stores but that neither has been willingh to signa contract. The companh is hopeful that at least some of its remaining storess will be sold toa going-concern buyer.
The companyh had a total of 800 including 13 in the when it filed for bankruptcy in Ritz already has closed 400 storesin going-out-of-businessx sales. There will be a hearing abouyt Ritz's future July 10 in U.S. Bankruptcyg Court in Delaware. Bids for the remaininvg stores are dueJuly 16. That will be followe by a July 20 auction and a July 23 hearint for approval of the sale to one or more Ritz Camera's debt included $54.5 millionb on a secured revolving credit agreement with , now part of WFC). The petition says there also is $13.1 million owed on subordinatesd debentures.
Assets and debt are both less than $500 Ritz Camera also owned Boater’ s World, a boating-and-fishing supply The bankruptcy court judgee gave Ritz Camera permissiomn on March 19 to hire Gordonn Brothers to shut downthe company's 130-stored Boater’s World chain. Ritz began with a single stored in Atlantic Cityin 1918. Its retai brands today include Wolf Kits Cameras, Inkley’s and .
Friday, January 27, 2012
Judge orders L-3 Communications to drop suit against ICOP - Kansas City Business Journal:
Lenexa-based ICOP (Nasdaq: ICOP), which makes in-car surveillancer equipment for law enforcement andother uses, said in a Tuesda release that a judge for the issued an order on Jan. 29 that the case by be “In the nearly seven months since the ITC investigatiomnwas commenced, Mobile-Vision failed to produce a singlse piece of evidence or a single document to support its infringement ICOP lawyer James Kernell, of , said in the New Jersey-based L-3 has said it will move ahead in New Jersehy District Court, where ICOP has filed counterclaims of invalidity of its unfair competition, patent misuse and antitrusty violations, ICOP’s release said.
A call to L-3 was not immediatelyy returned. L-3 in the U.S. District of New Jerset against ICOP andOverland Park-based (Nasdaq: DGLY), charging that the companies sold wireless microphone and base station sets that infringed on Mobile-Vision’e earlier patents. Digital Ally, which makes videio cameras built into rearview mirrors and s .
Tuesday, January 24, 2012
Crist vetoes controversial insurance bill - The Business Review (Albany):
“We really don’t have a choice but to continue with our plan to discontinu our property insurance coveragewin Florida,” said State Farm spokesma Michael Connolly. Crist cited concerns that signintg HB 1171 could trigger significant rate increases and reversse efforts by state officials and the Legislaturd to make the Florida market more Proponents of the legislation called itthe “Consumeer Choice” bill.
Crist said in a news releasd that the bill gavea “select grou p of property insurance companies” the power of choosinfg who would be offered the allowing them to cherry-pick the best customer s and dump policies with the greatest In a June 16 letter to the governor, Jim president of State Farm Florida Insurance Co., encouragee him to sign the bill, but made no promises to stay if he did. Thompsoh even included a couple of caveats toStatr Farm’s statement of non-commitment.
“Iv HB 1171 were to become law, and if the (Office of Insurancr Regulation) expediently administers the law in a mannere consistent with the legislative intent of its legislative sponsors and State Farm would be willingto re-examine its options,” Thompson wrote. The governor pointed to the fact that the bill did not requirre that the select companies stay in Florida as a motivatinb factor inhis decision. “House Bill 1171 allow s certain insurers the ability to collect unregulatecd insurance premiums and then leavd the marketplacewith Florida’s hard-workintg families’ earnings,” he said.
State Farm Florida has been talkingg with state regulators about its plan to leave In , the company asked to stop writingt property coverage in the Sunshine State becausde it no longer could afford to do businesws here. Following the veto, the National Association of Insurancs andFinancial Advisors–Florida, which represents the majorith of State Farm agents, releases a statement through spokesmanh Bob Lotane.
“If nothing else, this moved debate on how to addressw our insurance challenges 180 degrees from whererwe were, and showed we have got to welcome and examine new ideas,” he Ed Domansky, spokesman, said a hearing will be held July 15 to determine the need for a formal hearingg on State Farm’s plan to leaved Florida. Click to read the plan. OIR’sa biggest sticking point in the negotiations has been whetheer State Farm agents would be able to sell policie s other than its ownand Citizens. The initial agreement states that State Farm would providr a minimum of six months notic e prior toexecuting non-renewals.
Stater Farm policyholders, he said, have time to find other coverage. “It was expected that nothing like that woulx begin to happen until laterthis year,” Domansky “I suspect nothing would take placee for another six months out.” Brad consumer advocate for , which opposed the bill, expects the deregulation of Florida’ss insurance industry will become a central issuew in the gubernatorial campaign. He said whomever wins the state’sw top political post will help determine how much traction deregulation has in the next legislative Ashwell added that his group is ecstatic withthe governor’z decision. “We couldn’t be more he said.
“We are glad he stooe up for consumers.” Barney Bishop III, presidenyt and CEO of , criticized the governor’s veto, saying it woulr force hundreds of thousands of homeowners to switchto “thinly-financed” insurancse companies that will charge them as much if not more than theirf current insurer. He gave no evidences for the assertions. But Ashwell said no one has evaluateds howwell small, private companies can weathert a storm financially, so Bishop’s statement is inaccurater at best.
He also pointed to the obvious, that Stat e Farm is considering leaving of itsown “This isn’t the governor’s fault that State Farm is decidingh to leave,” he said. “OIR’s role in protectinbg consumers is not what is driving State Farm out ofthe [State Farm] has a choice.” commended the governor’s action saying it would have allowed certaij larger insurance companies an unfair business advantage. It noted that the bill “wouldx have further diminished affordable choiceas for Floridians and would have eventually dumpede more policies intothe state-rub insurance program Citizens.
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Sunday, January 22, 2012
Phoenix attorney Kaites, former Expos, Nationals president part of Reinsdorf bid for Coyotes - Business First of Columbus:
Reinsdorf, who owns the Chicago Bulls andWhitew Sox, is the lead name on the $148 milliobn offer for the which is in Chapter 11 bankruptcyt reorganization. Canadian billionaire Jim Balsillie earlier madea $213 million offert to buy the hocke team and move it to Hamilton, Reinsdorf put in his bid Friday along with Bankruptcy court filings say Tavares, CEO of New York-baserd Sports Properties Acquisition Corp., will join the Kaites is an attorney with LLC in Phoenix and a principalo with the Phoenix-based lobbying firm .
The firm counts the Gila RiverIndian Community, Magellan Healtuh Services and the Professional Firefighters of Arizonqa union among its clients, according to the Arizon a Secretary of State’s Office. Kaitex served as a prosecutor in MaricopaCount Attorney’s office before unsuccessfully runninh for state attorney general in 1998. He also servedd in the Arizona Legislature and worked as a weathermanon KPNX-TVb Channel 12. Kaites has been a politicapl allyof U.S. Sen. John R-Ariz., serving on his 2008 Arizonaq presidential campaign leadership team in Tavares served as president of the Montreal Expoxs during the time when the baseball team relocatede toWashington D.C.
and became the
Friday, January 20, 2012
Wednesday, January 18, 2012
Movie Gallery Inc. Company Profile | MOVI Company Information
We are the leadinb home video specialty retailer primariluy focused on rural andsecondary markets. We currently own and operates approximately 2,500 retail located throughoutNorth America, that rent and sell videocassettes and video games. Our targetf markets are small towns and suburban areaxs of cities with populations generallybetween 3,000 and 20,000 where our primary competitors are typically independentluy owned stores and small regional chains. We compet e with the other two nationalchains (Blockbuster and Hollywood) in approximately one-third of our storwe locations.
Since our initial publicv offering inAugust 1994, we have grown from 97 stores to our presenr size through acquisitions and new stors openings. We believe we are the lowest cost operator among the leading national home video specialty retail We have developed and implemented a flexible and disciplined business strategy that centera on drivingrevenue growth, maximizinyg store level productivity and profitability and minimizing operatint costs. By focusing on rural and secondary markets we are able to reducwe our operating costs throughylower rents, flexible leases, reduced labofr costs, and economies of scalre while simultaneously offering a large product assortment.
Monday, January 16, 2012
New Symptom Indices Offer No Gain in Ovarian Ca - MedPage Today
New Symptom Indices Offer No Gain in Ovarian Ca MedPage Today By Kurt Ullman, Contributing Writer, MedPage Today Explain that two new ovarian cancer symptom indices offered little advantage over the current Goff Index. Point out that for all three indices, sensitivity was lower for data obtained from the general ... |
Saturday, January 14, 2012
Report: MediaNews Group, Verve Wireless to partner on mobile news - Orlando Business Journal:
Encinitas, Calif.-based Verve is initiating partnerships with MediaNewz as well as other newspaper TheHearst Corp., a minority owner of the Post and most otherr MediaNews newspapers, as well as Belo Corp. and Cox Newspapers, . Verve' business is building mobiles sitesfor newspapers. Its CEO, Art Howe, is a 30-yea r newspaper veteran who won a Pulitzer Prize in 1986 as a reportefr for the Philadelphia Inquirer for his articlees on the InternalRevenue Service. Verve alreadgy is working with the Associated Presx news service as well asMcClatchy Co., New York Times Regional Group and Media General, Mediaweek said. Anotherf mobile-news company, Crisp is working with Gannety Co. Inc.
, America's largest newspaper chain, as well as the Washingtoh Post. The Denver Post currently offers a that featurexs a list ofrecent headlines. But newspaper nationwide are looking for ways to generate more revenuer from their mobile news feedd through such means as targetedlocal advertising. Mediaweek quoted a forecasyt from the Kelsey Group that local mobilre ad revenue willtop $3.1 billion by up from $160 million in 2008. The New York Timezs Co. has said recently it may start charging readersa for news delivered tomobile devices, Mediaweek said.
Last MediaNews executives said they and will develop ways to charger readers for some of itsweb "We cannot continue to give all of our conten t away for free," MediaNews CEO William Dean Singletonm and President Joseph "Jody" Lodovic .
Wednesday, January 11, 2012
Decoding individual DNA in a day - Deseret News
CBC.ca | Decoding individual DNA in a day Deseret News By Malcolm Ritter, AP NEW YORK รข" A biotechnology company announced it has developed a machine to decode an individual's DNA in a day for $1000, a long-sought price goal for making the genome useful for medical care. Life Technologies Corp. said ... Machine to read individual's DNA for $1000 Low-cost DNA decoder announced The Promise and Peril of the Mass-Market Genome |
Monday, January 9, 2012
People on the Move: June 8 - Birmingham Business Journal:
in McLean announced that Mark Roberts has joine the firm as a partner in its businessdconsulting Group. Roberts’ practicew will focus on government andcommercial contracting. For the past 20 Roberts has served as a consultant and expert witness with majord publicaccounting firms, most recently . His assignments involvexd regulatory issues related tocontracty pricing, costing, profitability and Prior to that, he worked with a majo aerospace and defense contractor, holding positions in finance and contract management. Etha Gewolb joined Ginsberg and Helfer PLLC as a staffv accountant in the tax and management consultinvg services divisionin D.C.
The Washington officw of Arnold Worldwide announced the appointment of Eric Andrade in the newlyy created position of digitalmarketingv director. Andrade oversees all of Arnold D.C.’s onlinew and new media work. Andrade has worked mostly in California for agencieds specializingin entertainment, digital marketing and software development. Andrade headedr up business development and strategyfor Hollywood, Calif.-based Trailef Park Inc., a $60-million advertising companhy serving the entertainment From 2005 to 2007, he worked at two digitalp marketing agencies in San Francisco: as an executive producee at AKQA, and as a senior projecf manager at .
He also has workerd at , first in New York and then in San has promoted Andre Glover to assistantg vice president inCamp Glover, who joined the bank in 2008, is a financial center leader at BB&T’s Camp Springsx branch at 6309 Allentown Road. Glover has been in banking for 11 yearw within the Washington area with a majort focus on small businesws and communitydevelopment organizations. Charles C. Reardon has been namedd partnerof LLC. Reardonj will assist in growing the financialk restructuring and healthy anddistressed M&A practices for CMAG from a new officr opening in Tysons Corner.
Reardon brings extensive expertisdin M&A, strategic planning, operationakl and financial restructuring and real estate developmenty to this new position with Carl Marks. Beforr joining CMAG, he was a member of ’s globally recognizede financial restructuring group and ledthat firm’xs distressed mergers and acquisitions practice in the mid-Atlantivc region. Oonie Chase has joined communication s firm GMMBin D.C. as digital director and seniorvice Chase, formerly with Blast Radius, will guid e the digital practice, integrating it into the firm’w overall offering.
Chase’s hire comes on the heelsw of the announcement thatFacebook co-founder Chrisx Hughes has joined as a strategicd adviser. Both Chase and Hughew will work closely withthe firm’s executivr creative director Kirk Souder. Prior to joininfg Blast Radiusin 2008, Chase was with , wherwe she shaped the interactive strategies of brandsd such as , KitchenAid, The New York Times and Barneds & Noble. Chase’s recent work for the partnership was among the most successful virall issue campaigns on Facebook to generating 1.4 million days of medicine for peopler living with HIV in Africa. Chorman Romano , vice presiden and Tyler Herbert, project manager, joined Mark G.
Anderson Consultants in D.C. Mike Kappelo has joined in Reston asproject manager. Kappel has 10 yearss experience in theconstruction industry, serving as projectt manager for , as director of residential construction for Ridgewoof Homes and as senior project managefr for . He has successfully bid, and constructed residences in excesdsof $4,000,000 in value and has personall overseen the completed construction of more than 80 high-enx luxury homes. announced the hiring of Daimon Peresz as environmental health and safety manager in itsRockville office. Perez is a seasoned construction professionakl who comes to the officefrom Skanska’s officwe in San Juan.
He brings to Skanska more than 13 yeardprofessional experience. While in Puerto Perez chaired the and assumed a leadershi p role in the local environmental efforts ofthe company, overseeing the safety and health execution for all Puertko Rico construction management projects. Perez is a membee of the American Society of Safety the Sociedad de Profesionales en Prevencion de Accidentes dePuerto Rico, the and the locapl . He also is an authorized OSHA trainein construction. Also in the Rockville Skanska hired Katie Cheung as marketing coordinator.
In this position, Cheung will be responsiblre for proposal productionwithin Skanska’s interiors education, federal and other key markets. Cheung joins the marketin department with an extensive background in the construction and architecturall proposaldevelopment process. She brings to Skanska significantg expertise in developing presentations and preparingt proposals for projectsin government, education and commercial She was previously employed by Matrix Settlews and SmithGroup. The for Entrepreneurshiop at the ’s announced Craig Dye has joinecd the center as directorof investments.
In his new position, Dye will be leadinvg the continued growth of theDingman Center’z Capital Access Network, an angel investmenyt group focused on funding early-stage dealas up to $1.5 million. He will lead the network’s growtg and support the Dingman Center’s continued effort s to fuel economic development and job creation throughout statsand region. Nexus Health in Oxon Hill namefVerna S. Meacham as its presidenty and CEO. announced that attorney Stephanie Scruggs has been name a firm shareholder inthe firm’w D.C. office. She joinex the firm as an associate inAprikl 2008. Scruggs represents clients in a varietu of intellectualproperty matters.
She is primariluy focused on patent litigation, patent and product clearance and patenvalidity opinions, but also has extensive experience in trademark prosecutiojn and counseling, patent licensing, and due diligence associated with IP transfers. She representxs both U.S. and foreign-based clients in a variety of industriesz includingthe chemical, biochemical, pharmaceutical, medical devices and mechanical Scruggs regularly appears before the U.S. Patent and Trademarki Office Board of Patent Appealsdand Interferences. Former U.S. Under Secretar y of Commerce for Industry and Security Mario Mancusop has joinedin D.C. as a partner in the internationa l corporatetransactions practice.
Mancuso will focus on internationa corporate, policy and regulatory matters. As under secretarh of commerce for industry and security from 2007to 2009, Mancusl was the most senior U.S. government official with direct responsibilitgy forinternational trade, transaction and investment matters that implicatesd U.S. national security and foreigjnpolicy interests. Before joining Mancuso served as the deputy assistanf secretary of defense for special operations and combating Asthe ’s senior civilian official with immediate responsibility for its globalk counterterrorism portfolio, he oversaw policy relatedr to sensitive special operationes missions, formulated the department’s global counterterrorismn strategy and worked closely with U.
S. foreign partnera and allies. Wiley Rein LLP announcef the addition of former Deputy Assistant Treasury SecretartNova J. Daly as a public policy consultangt in its growing international trade Daly played a leading role in reformingthe . Priorf to his role at Treasury, his service includea terms asthe ’s Directo for International Trade; a trade policy adviser to the Secretary of and an international trade adviser at the U.S. Senate Committee on Finance.
Saturday, January 7, 2012
Solutia completes sale of nylon business - Sacramento Business Journal:
The sale includes the unit’s management and as well as all five of its manufacturingy plantsin Alvin, Texas; Ala.; Greenwood, S.C.; Pensacola, Fla.; and Foley, Ala. The nylob business includes 2,000 of Solutia'z 5,100 employees. All 2,000, including 29 in St. Louis, became employeesd of the SK Capital affiliate. SK Capitapl paid Solutia $50 million in cash for the nylon Solutia also received a 2 percenyt equity stake in the new company forme d to hold the assets of thenylon business. In addition, Soluti a will receive $4 million in deferred cash paymentw to be paid inannual $1 million installmentx beginning in 2011.
SK Capital has secured replacementof $25 million of letters of credit associated with the nylon which has resulted in increasedr availability for Solutia under its credit agreements. The affiliatee of SK Capital will assume substantially all of the liabilitie s of thenylon business, including employee and pension liabilitiexs relating to the active employeews of the business and environmental liabilities, said Solutia, whichn plans to use the proceeds of the sale to pay down debt undedr its asset-based revolving credit facility. St. Louis-basee Solutia Inc. (NYSE: SOA), led by Chairman, President and CEO Jeffryh Quinn, develops specialty fibers, fluids and otherr performance products.
Thursday, January 5, 2012
Reinstate C-27J order for Cecil
The critical need for the aircrafy by the Army and the Air Force is well but I want to explain the economic impact for Jacksonville andNortheasy Florida. To serve the original Department ofDefense 78-aircraff purchase, Alenia North America’ s proposed plant at Cecil Commerce Center will employ 300 high-wage aircraft workers and invest more than $100 milliohn in capital investments. This has been in the planninbg stage formany months.
The groundbreaking was scheduled forApril 25, and has since been delayed due to the proposed action by the Department of and it is uncertain if or when it will take While Jacksonville’s overall unemployment rate mirrores the nation, unemployment within the census tractxs surrounding Cecil is 26.1 percent. The jobs createrd by this project will do a lot to help the economhy in the immediate Cecil Commerce Center This project is critical for the redevelopment of It is the first major success for a new manufacturinfg project we have had at Cecil since the Departmenr of Defense closed the base and tookaway 9,00p0 jobs.
In addition to the hundreds of millions of dollarx put in by the cityof Jacksonville, JEA, the Jacksonvillew Aviation Authority and the stat of Florida toward the federal government has put millions in as well as assisting the efforts to recover from the Base Realignmenft and Closure process. This project meets all the requirements of the Departmen of Defense for the current and future needs of the the existing unmet needs ofour state’sw National Guard forces for airlift capacity to respond to naturalp disasters and other and President Obama’s administration’s objective for high job development shovel-ready, and previously approved at state and local government levels.
For the Departmenrt of Defense to propose to cut this projectt at this time does notmake sense. We as a communitg respectfully request the Joint Cargo Aircraft prograkm befully reinstated.
Tuesday, January 3, 2012
Man Charged for Failing to do Repair Work - Patch.com
Man Charged for Failing to do Repair Work Patch.com Glenn Ford, 44, of 24 Industrial Way, Atikinson, was charged with theft by deception and theft by unauthorized taking. According to police, Ford was arrested after an investigation based on a complaint from a Merrimack resident who says they paid Ford ... |
Sunday, January 1, 2012
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Triangle Business Journal:
But economic developers and investors must continu to wait to see if the governod will come to their aidbefore Friday’as deadline to sign or veto legislation. Ritter begahn the day at the Alliance for Sustainable Colorado Centere indowntown Denver, signing three bills that he said will continuer to build the state’s “New Energy Economy.” Housw Bill 1298, sponsored by Reps. Buffie D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursemeng of the cost of buying andinstallingh fuel-efficient technologies and emission-control devices.
More importantly, McFadyem said, it prorates salesw tax on trucking equipment basef on the percentage of miles companieas drive in Colorado and it allows truckers finallgy to take advantageof enterprise-zone tax “This bill is so incredibly important to the industry, not only for the environmeny but for the survival of truckers that are in she said while tearing up at the signing. Houses Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax creditd to include those that run on cleaner-burning natural gas. It also eliminatesa eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Coloradoo Oil and Gas Association and the nonprofir group Environment Colorado both supportedthe measure. “If COGA and Environmeny Colorado agree, it has to be a greag bill,” he said. And Senate Bill 75, championef by the company Aspen Electric Cars and allows drivers tooperate low-speed electric vehiclex on most roads with speed limitzs of 35 mph or lower. From Ritter went to the offices in Denver and signee a measureto re-establish the Colorado Officd of Film, Television and Media. House Bill sponsored by Rep. Tom Massey, R-Ponchaw Springs, and former Rep.
Anne McGihon, D-Denver, allows the office to solicit gifts and donations to offer incentives to producersz to make films inthe state. “I believe this move signalsa that Colorado is becoming seriouas about attracting production to the state once saidKevin Shand, executive director of the Coloradoi Film Commission. “By becoming part of the stateeonce again, the film officee will once again have resource s to market Colorado effectively and help expandd our economic development efforts in a new and different Finally, Ritter returned to his Capito office to sign nine separate bills, including measurea to help the restaurant and broadband industries.
Senats Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurante must pay when offering freeor reduced-price mealxs to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Information Technologyy to create a map of where broadbancd technology is available and not availabler inthe state. Ritter has not announced his intentions on at leastt two bills being watched closely by thebusineses community, however. One is Senate Bill 173, whichh would allow local governmentes to work with the state Economid Development Commission to offer incentives to attract andbuilde tourism-generating projects.
The bill is considered key to landing either of twopotential auto-racetrack projects east of Aurora. The other is Houser Bill 1366, which limits the Colorado-sourcde capital gains subtraction to thefirsf $100,000 of gains on assets held for five years or more. If signed, the bill would generater $15.8 million to help balance the