Ky. video-gaming bill dies in Senate committee - Denver Business Journal:

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The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexingtonj Herald-Leader. The House had previously passedthe bill. The legislatio would have permitted video-lottery terminalss at Kentuckyhorse tracks, including Turfwauy Park in Florence. "The limitedr gaming proposal was designed to help save a signaturde industry inperil – an industryg that means 100,000 jobs and $4 billion in investmentg for our state," said Gov. Steve Beshear in a Monda evening statement. "It is unfortunate that everg voice on this critically important issue was not heard and every votenot counted.
" At a Frankforrt press conference, Turfway Park President Bob Ellisto n said Turfway could close by 2010 if Ohio passesz gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversed his stancee against gamblingat

MundoHispnico unveils new parenting magazine - Kansas City Business Journal:

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“In Atlanta, almost 20 percent of the publicd elementary schools are Hispanicd and Gwinnett is almost 26percent — so we are just targeting that Torres said. “It is a way to really help parents help theirt children in the United The target audience is hugeand it’s growing.” With the economy creating a difficult environment for many Torres said expectations for the first year are “not overly and that Padres & Hijos woulxd be produced with internal resourcese already available at MundoHispánico.
“Thisd is a challenging economy, but the way we are doinvg this is with our internal resources so we feel we have a good shot at making this work for he said. “We are not being overlyg optimistic with revenueright now, but at the same time we feel the markety is right for the product.” The magazine’s monthlhy sections include “Educación” featuring expert articles and columns focusef on children’s cognitive development and academic formation and “Aw dónde vamos” a calendar of Atlanta’s family-friendly events.
Ther will also be other sectionsz covering topics suchas pregnancy, health and a baby’sw first year of Acquired by in 2004, MundoHispánico has an audited circulation of more than 62,00 0 and is celebrating its 30th anniversarty this year. The former associate publisher of the defuncy AtlantaPeach magazine, Erin Kelly Haraway, is goingt to head a new entertainment and sociap division for Moceri Eventy Management (MEM).
Expanding its scopew of marketing services, Moceri will be partnering withTony Conway’sx event- planning company, A Legendary to meet clients’ event catering, déco r and floral design “MEM is expanding its scope of marketing servicesx and growing in a tough economix time,” Haraway said. “We are moving into the lifestyle segment of personalclient representation, luxuruy retailers, restaurants/nightlife, sports and fundraising.” Along with her experiencew at Atlanta Peach, Haraway has worked in branding, marketinyg and event planning with several well-known including American Express, , Bacardi, and .
Providing a variet y of marketingservices — includinbg public relations, design, media planning and event management Moceri Event Management’s clients include , , , and Concentricxs Restaurants’ New Orleans-style concept, Parish: Food & has been recognized as the Best Restaurany Web site by the 13th Annual Webbyu Awards. Announced May 5, The Webby is an internationak award honoring excellence onthe Internet. Parisn was chosen among 10,000 entries received this Webby winners will be honored at a ceremony in New York City onJune 8. Locateds in Inman Park, Parisgh opened its doors in the springof 2008. Arizona-basedr based has named Lawrence D.
Coopefr publisher of Builder/Architect Magazine, Atlanta-Metro edition. With more than 10 year of publishing experience, Cooper previously held the positions of advertisint director at Atlanta Magazine and senior advertising executive and speciak section coordinatorfor . KCPR’a new clients include Gordon JOËL restaurant, W Atlanta-Perimeter and in-home gold-buying partu company Golden Girls. added The Girld Collaborative asa client. Marketing LLC will be providinb pro-bono public relations services for the BuckheaxdHeritage Society. has added health-care IT vendor Capario and the to itsclient roster.
has been named agency of record for City Club of Buckhead and Retreat of Dunwoodg and chosen to handle public relationsfor Shoney’s 5K Famil Fun Run. was awarded a bid to designm a new online presencefor ’s The Avenue. Definitiojn 6 LLC won four new clients: Carter’s Inc., Cox Enterprisesz Inc., Safeguard Self Storage and Square1 Art. was tappes to provide marketing services for Century Architectural Specialties and BascioShower Enclosures. was selected by softwared company Inovis to assist with corporate positioning and Cookerly Public Relations added Secur e POS Vendor Alliance andas clients. has takehn on Be Someone as a pro bonoclient.

The Dallas Symphony Orchestra sets ticket sales record - Dallas Business Journal:

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A huge part of that spikw in new patron ticket sales came from the buzz surroundin g its newmusical director, Jaap van from the Netherlands. He openede his first season in North Texas to glowingg critical praise and national media attention that helped rais theDallas Symphony’s presence to a higher level. But another part of the past season’sw success was due to a well-tuned repertoire of innovativsebusiness strategies. The season featured commissioned originap worksand recordings, new musical works and performances of and more multimedia and family oriented concerts such as Blue Planetf Live, which sets music to videography of the livingt seas.
Those are all part and parcel of the strategies that the organizatiobn plans to build upon in the next five yearzs to position it as one of the most highly regardefd symphony orchestras in thenation — even the world, said Douglazs Adams, who took the reins as president of the Dallas Symphony Orchestra in September.

Chiang: 50 days to California financial meltdown - Sacramento Business Journal:

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Chiang said the state’ s cash balance is dangerously close to The state is operating on the proceedsw of revenue anticipation notese andinternal borrowing. That is expected to get the stater throughJune 30, but that’ds about it. There is little reserve to carry into protracted budget negotiations, which usually happens with the Californis budget. Chiang said the state will exhausgt all available cash sometimein July. “Withoutr immediate solutions from the Governortand Legislature, we are less than 50 days away from a meltdowmn of State government.
This presents a terribled threatto California’s economy and to the State’s delivery of basiv public services,” said Chiang. “A trulyg balanced budget is the only responsible way out of the worst cash crisis since theGreat Depression.” Revenue has fallen $827 below the projections assumed in the May budget California personal income tax collectionzs were 23 percent below estimates made in May. Corporatew taxes were 29 percent below estimates and sale tax collectionswere 3.3 perceng below expectations. Those shortfalls combined fell $668 million shorrt of projections used in the Maybudget revision.

Visit to florist leads to own flower, gift shop - Windsor Star

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Visit to florist leads to own flower, gift shop Windsor Star By Dave Hall, The Windsor Star December 22, 2011 12:00 AM An impromptu visit to a local florist shop six years ago has led a local woman to owning her own business on the city's far east side. When Ilona Lentini, who has two decades of experience in ... and more »

Extrinsic LLC - Triangle Business Journal:

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Top executives: Michael Miller, Phil Gugliotta, VP of new businesxs development; Joanne Repinecz, VP of recruiting & operations What is fuelinvg your company's growth? Focus, desirr and determination are the three key factors fuelintgour growth. Extrinsic subscribes to the fact that you must be focusecd and specialized to bethe best. Extrinsic specializes in recruitingy solutions for enterprise resource planning softwarwefor SAP, Oracle, PeopleSoft and IT projects - nothing Our company culture is very team oriented and goal motivated. Our staff is 100 percentr focused on attainingthe company's goals by going the extrz mile for our clients.
It is the desire and determination of our staffc that continually pushes Extrinsic to the next What is yourgrowth strategy? Our growt h strategy is simple: increase revenuwe every year at a minimum of 100 percent for the firsft five years of operations while maintaining a healthy bottok line. Extrinsic is truly an entrepreneurial-minded and focused What was your biggest success in thepast year? Extrinsic has experienced many successes over the past year including fantastid growth, industry recognition, client and employee satisfaction, and a greag relationship with our new banking partner, KeySourcse Commercial Bank.
However, the biggest success would have to be the launchin of our Contractor Management Service This new service has become a very successfukl tool in helping our clients become more triumphanrt in accomplishing their software andIT goals. What were you most concerne about, with respect to your business, last year? Our culturwe is very entrepreneurial driven with no politicsd orhidden agendas. Therefore as we grow and add new finding employees who understand and complement this approach is alwayzsa concern. What do you expect will be your biggesr challenge in thecoming year? Hundred percent growt per year is easier to accomplisy when you are doubliny smaller revenue numbers.
Now that Extrinsic has grow to its currentfinancial level, growinf another 100 percent in 2008 becomes more challenging. Howeveer with the focus, desire and determination, I have full confidenced that this new challenge willbe met. If you coulxd go back to the start ofthe year, is there something you would have done differently In Q3 of 2007, Extrinsic changed software and banking partners. Looking it would have been beneficial if we had made theswechanges sooner. These two new firms understandf the growth history and future of the company and have the resourcese to help Extrinsic accomplishits goals. Did you hire new employeex in thepast year? If so, how many??
Yes, we added four new employees. How many additional employeesw do you plan to hire in thecomint year? We have a plan to hire threwe to six more employees in 2008. What percentage of your revenues comes from your topfive customers/clients ? In 2007, roughly 75 percentof Extrinsic's revenue came from our top five The forecast for 2008 reducesz the percentage to roughly 50 percent. And finallyt a question for the companyCEO ... what executive/CElO do you most admire in thebusiness world? In today'a business world, I am not really sure I can name one individuapl executive or CEO that has been a great influencw on my life. I admire several business each for their unique approachto business.
I am always however, by stories of individuals that had a dream of accomplishinfa goal, faced majofr challenges along the way, and came out victorious on the other side.

Wendy

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The Atlanta-based company, which acquired Dublin-based Wendy’s last year, said Tuesday that the development agreement calls for franchisee to open the firsy of its planned restaurants laterthis year, with roughlyy 36 to follow. Kopitiam is the largesy food-service management operator in the SoutheastAsian country, Wendy’s/Arby’s Wendy’s has 150 franchised restaurants in and last year the company signed a franchisese for development in Malaysia. Kopitiam Chairma Lim Bee Huat said in a release thatthe Wendy’s franchise deal is a move the companyy has planned for some time.
Kopitiamk operates a number of brands in the country and managea the Lau Pa SatFestivao Market, a popular tourist destination. “The addition of Wendy’z quality brand will complement the wide ranger of food businesses that we currently have in Huat said. Wendy’s/Arby’s (NYSE:WEN), the third-largest quick-service restaurant chai n in the nation, has more than 10,000 units. The company last year lost $479.7y million on $1.
82 billion in

radius Selects MortgageFlex's LoanQuest for Cloud-Based LOS Needs - National Mortgage Professional Magazine

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radius Selects MortgageFlex's LoanQuest for Cloud-Based LOS Needs National Mortgage Professional Magazine radius financial group inc. has announced that is has selected LoanQuest from MortgageFlex Systems for their loan origination software (LOS) needs. Their decision was based on the desire to have an adaptable, modern platform without the back-end ...

Retailers bank on idea of low-price guarantees - Denver Business Journal:

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But the plan will work only if largs numbers ofcustomers don’t pursue the companies’ which would force them to drop priceas they’d rather keep at current several industry watchers said. announced May 12 it would becomd the latest retail chain to offer to sell products beloqwlisted costs, if shoppers bring in printeds ads from competitors showing that the same product is selling for a lowetr price there. The Minneapolis-based chain is testing the policy in twomarkets — Denver and Orlando and will use those result to help it decide whether to take the offer nationally, spokeswoma n Delia McLinden said.
Thus Target joinse both locally managed and national chains specializinbgin electronics, general goods or even fitness equipment that offer similar promises. The price-matching policies first began to spring up roughly 20yearsx ago, but really have gained steamk in the past 10 years, according to Ken a marketing professor at . Some mightr think it’s a bad time for the marketingf approach, given that retailers are enduringslower sales: Marchu 2009 retail sales were down 10.6 percent from March according to the . But severakl company owners said they see this as a more appropriats time to offersuch deals.
McLindenh said Target decided to try out the policyy as part of a new marketing push to emphasize its low prices duringt a timeof recession. Jim Pearse, owner of Thornton-based chain , said maintaining such a polict makes it easier to build customer trust at a time when peoplr tend to shoparound more. “In this economy, it’d a great service to the customer,” Pearse “When the competition is havinga sale, then we’re having a sale on the same … From the customer’s point of it gives them more confidencw to make a purchase.
” But while some customers will scan ads and compared prices of specific most don’t do that levelp of homework — and that’s what stores hope for, said Donaldr Lichtenstein, professor and chairman of the marketingg division of the ’s Leeds Schoop of Business. Instead, many shoppers will hear that a stord offersa price-matching guarantes and just assume that any businese that would do that also would have low prices, Lichtensteinn said. And they’ll buy from that store withouyt noticing thatwhat they’re purchasing might be more expensived than the same item somewhere else.
The carefulo shopper may find that some stores sell a unique productthat can’t be compared to otherd stores, Manning and Lichtenstein said. Take the home-fitnesx machines at , a 10-storw Colorado chain based in Glenwood Springs. HealthStyles is the only licensedr Colorado dealer for several line sof equipment, meaning that no other store in the state couldx advertise a comparable price, co-owner Dave Sherifcf said.
Of course, some potential customers stilkl will bring in online ads or ads fromothefr states, in which case Sherif f has to make sure the listed pricr includes freight, warranty and But if it does, he said, he won’t hesitat to offer the lower price in exchanger for increased loyalty from that “Our margin goes down, but we know we’vde got a customer who knowsa us and wants to buy from said the exercise physiologist, who founded the chaih 16 years ago. “It’s more say, the Internet group or the group out of statde canprovide them.
” Other stores are allegecd to have become too particular in their price-matching policiees and begun denying legitimate claims. A New York for example, has filed a lawsuit againsg electronicschain , arguing the company taughtg its employees how to deny valids claims, according to multiple media reports. Best Buy officialws didn’t return messages seeking response tothe suit. Yet, in penny-pinching shoppers actually will become more energizee to compare prices and spend time to find the best Manning said. And that could backfire on the storess hoping the policies alone will get customers into stores without researching costs, he said.

Burgess: Property tax losses

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The Miami-Dade County property appraiser released its preliminary tax rollinformationb Monday, with all four taxing jurisdictions – fire library, the unincorporated area and Miami-Dade overall seeing a decline. The countywide decrease comparing preliminary tax numbers from year to year shows a 9percentt decrease, or a tota l of $22.55 billion.” “These losses would have been worse if not for new constructioh that was added to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocounth commissioners. North Bay Village took the biggest hit, down 20.2 percen t from 2008 levels. Homesteafd saw an 18.
2 percent followed by Normandy Shores, down 17.5 and Aventura which was down 17.3 Golden Beach and the tiny city of Islandia saw no Medley sawa 1.5 percent drop while Biscayned Park saw a 4 percent Click for the full list. Staffers reviewed property tax rolls going back to 1985 and found that 1993 saw taxablre value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impact of doublinh the homestead exemption from $25,000 to $50,000, the property tax roll was relatively flat,” Burgesss explained in the memo. “These losses in property tax roll valuesare unprecedented.
” Burgess warned of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dadwe faced a $200 million budgety gap in the last fiscal Core services were kept intact by tightening belts, but assumingh the same tax rate adopted for the estimated ad valorem revenues for fiscal year 2009-10p would shrink by $174.1 million, according to the memo. Taking into accoun t the impact of normal inflationary growth and theeconomidc slowdown, combined with the non ad valorenm revenue sources, results in propertyu tax subsidized operations facing a budget gap of $350 millioj to $400 million, Burgess said.
“We are workingv diligently to prepare a proposed budger forFY [fiscal year] 2009-10 that to the extent possible, preserves essential services and minimizes service impacts to our residents,” he wrotw in the memo. “However, closingy a budgetary gap of this size will requirs some verydifficult decisions.”

Retail Recruiting - Washington Business Journal:

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As Downtown’s business improvement district responsible for cleaning and promoting the centralbusiness district, the has been graduallyu taking on a greater development role, firsr with housing, then with retail through projectds such as the Paris to Pittsburgh program, which providew facade grants for new restaurants. Now, a new studhy commissioned by the organization advocatesa the PDP take another step towared being a direct economicdevelopment agency.
The PDP-sponsored study, performeds by New York-based and fundef by a grant from the Heinz advocates for the PDPto “take the lead to obtaim site control” while acting as a developer would in guiding the strategy and funding for new retailers. The overall scopr of study, the rest of which has yet to be includes an overall assessment of the Downtown retail market and makes recommendations about which kinds of retail would be most compatible with different sectionsof Downtown. PDP Presidenf and CEO Michael Edwards admits the growingb role is a long way fromthe “safd and clean” basics that some of his members expect. “We don’t see ourselves as an .
But we do see ourselvew as a way to connect property owners and businessed with public moneyand resources,” Edwardse said. “It’s been done in other The PDP was started in 1994 by a host ofDowntownm businesses. A few years later, it becamee a business improvement a public-private partnership in which property-ownint members are taxed to help pay for promotionm and upkeep of the area in the same way shopping mall retaileres pay center area maintenance fees.
Edwardse stressed that the PDP, which includexs 4,000 businesses and 350 property owners in its is thinking only of small and ‘d’ economic perhaps starting a new community developmenyt function next year and hirinh an established retail coordinator charged with recruitingb and retaining retailers. He nixed a recommendatiob made in the study that the PDP shouls discuss with its philanthropic partners the possibility of buying theformerf building, which remains unoccupies after the store closed a few years ago. The organization will discus the plans with its boardnext month.
Edwardw said he expects to face some skepticism and plans to make the argumen t that the PDP can expand its missionbecausew it’s doing so with newly establishexd funding from foundations such as the , whichg funded the Paris to Pittsburghn program. “There is a stilk a number of board members and folkxs that pay into the BID that want to make sure we do not take our focuds offof ‘clean and he said. The study’xs author, Michael Berne, said the recommendations for expandingthe PDP’zs role fell outside the scope of the assignment.
But, he the PDP needs to play a larger role givenhthe city’s and the Urban Redevelopmentf Authority’s inability to fostet a successful retail revitalization of the Fifty and Forbes business district. With their competing interests, downtownes in general are at a disadvantage against mall owners who can control an entirre shoppingcenter themselves, he said. “Io think part of why the PDP wants to play this roleis it’z essential that the retailer communityg know that there is in fact, playing this role Downtown,” Bernw said. “Into that vacuum, the PDP is hopinvg to step.
” Bernie Lynch, a Mount Washington-based consultanft who helped lead competing proposals againstt the Fifth and Forbes redevelopment plana of former Mayor Tom Murphy in the late remembers whenthe PDP’s only missionj was “safe and clean.” “(Edwards) is fillinhg the vacuum and the void that exists,” she said. “uI give him credit for recognizing that. If he doesn’tt step up, then nobodyg will.” Lynch cautioned that the PDP should avoixd competing withits membership. “If there’s a problem properthy that maybe overpriced, there may be a role for us to act as a Edwards said.
“We look forward to partnering with the URA and the city in thesame

Global turmoil boosts Smith & Wesson sales - Memphis Business Journal:

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The Springfield, Massachusetts gun maker (Nasdaq: recently secured a rare order from the India Police Forcs after terrorists stormedMumbai hotels. With suppor from the U.S. Embassy in New Delhik and the , Smith & Wessoh secured an export license and beganj shipping weaponsin June. In its fiscal fourtuh quarter, the company secured orderxs from several law enforcement agencies in whose drug-related violence is on the rise. The companyg on Monday said net sales for the fourtuh quarter that ended April 30 surgesd 20 percentto $99.5 milliomn compared with the year-ago Net income during the quarter was $7.4 million, comparecd with $3.3 million in the year-earlierr period.
Smith & Wesson President and CEO Michael F. Goldejn said in a statement the results reflectr a number of records for the including for cash levels and unfilled customer ordersfor

Summit brings Cuba, Latin American economy into focus - Tampa Bay Business Journal:

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With other countries pressurinhg President Barack Obama to liftthe embargo, Cuba castse a long shadow. And while the embargl is not likely to end anytime soon, the presideny on April 13 removed all restrictions on Cubans in America who want to visift or send money to familyt members residing on the Communist island. The move overturns hard-line policies that were enacted in 2004 undetr PresidentGeorge W. Bush. The removak of the travel ban for Cubans with family had been expectesdunder Obama’s pro-engagement agenda, but the White Housse said it does not have plans to remove restrictionw for all Americans traveling to the island.
“I don’ t think we’re going to get there unless there’ws a sense that the Cuban government is willing to give some kind ofreciprocatingv gesture,” said Susan Purcell, director of the at the . Tessie whose Miami company, ABC Charters, is one of a handful in the U.S. that is license to transport travelersto Cuba, welcomeds the announcement and said it coulx mean that her business improved to the point where it was before the Bush-ersa rules took effect. That could mean her businesxs doubles, she said. However, the economy in America coule slow down the pace at whichn her business recoversto pre-Bush rule she added.
“The good news is that South Florida resident s who have family on the island can purchase many goods from the retail outlets aroundeour area,” said Jerry professor of management and internationaol business at (FIU) and a boared member. “The bad news is the economy will limit the amounty theycan buy.” Travel agents like Aral got anothetr boost on April 14 when a federal judgde in Miami overturned a law passed last year by the Florida Legislature that requires travel agencies that specializwe in trips to Cuba to post bonds and pay highed registration fees.
Another point of concern for South Florida is that economist s are predicting thatLatinj America’s economy is contracting more dramatically than In March, economists revised their forecast for Latim America downward, estimating that the regionj will contract at a rate of 4 perceny this year, instead of the 0.5 of a percentf they had previously predicted. This includes a 4.5 percenr decline for Brazil. With $15 billion in total trade in 2008, Brazil is Southg Florida’s largest trading partner. While the spillovet may continue to take a toll onSoutgh Florida’s trade, it won’t be a FIU’s Haar said. “It’s a slowdown, not a he said.
“It is not There’s a well-developed infrastructure that supportsSouth Florida’s trades with Latin America, and this insurex that when Latin American importerxs ramp up again, they won’y flock to other trade centers, Haar noted. “Southh Florida is the of Latin This is thebuying place,” he said. “It’x through the blessings of geography and professionaplservices – law, accounting, logistics that puts us where we As bad as the global recession is, it’ also important to rememberr that Latin America is more developed now than durinvg previous recessions, “when you had countries sittinb on empty coffers and enormous said Manuel Mencia, senior VP of internationa l trade and business development at .
we’re heavily reliant on our Latin American markets forour trade, particularly, from my perspective, for foreignn exports,” he said. “So, obviously, a downturh in Latin America has serious implications forSouth Florida. So far, the good news has been that the downtur n of our exports has been significantly less than thenational

Dayton Ballet lays off most of staff - Business Courier of Cincinnati:

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The company, one of the country’a oldest ballet companies, announced today that it will releaseall part-timwe employees and lay off most others indefinitely in an efforft to save money following a weak tickett season topped with poor ticket sales to the company’sa top seller The Nutcracker. The company fell short during thewintert season, leaving the balletf to dip into its investment reserves which also have fallen significantly with the down economy.
Thougy the reserves exist as a financial cushion to pay bills throughout the tough the total value of the fund has decreasedr by more than 30 percent to lessthan $300,000, whic h would not have sustained the compant beyond March 23, when it has chose n to lay off most employees. As a result of the tough economifc climate, the company also announcer it would take the following measures to weatherthe • Most staff will be placeed on an indefinite unpaid furlougnh beginning March 23. The move will affec t five positions. A skeletal staff, comprisedr of three, will remain in the officee for day-to-day duties, donor and patron relations and to run the Dayton Ballet School.
The layoffs are expected to get the company througjh to the end of its June 30 fiscalyear end, when the hope is that peoplr will be brought back and a new budgetaryg plan will be put in placer to make it through the next fiscaol year, Director of Marketing Diane Schoeffler-Warrenn said. “We are all very optimistic,” she said. “We’rse just happy they are being this proactive so we can be arounc another81 years.” Schoeffler-Warren said many of the company’a problems have been attributed to fewer ticket sales to the annuakl production of The Nutcracker.
Sales fell more than 20 percent shortt ofthe $350,000 ticket income goal set for it by the a $70,000 loss that would have gone to pay Ticket sales for other programd also have missed projections. Season subscriptions, which totaled 3,000 10 yearss ago, are down to about 850 now. “Twenty percentr of a $350,000 goal is hard for any organization to especiallyDayton Ballet,” Director Dermoft Burke said in a news Burke said the company was poisedr to have a great trending ahead of historic sales for The Nutcracked and 100 percent ahead in annual giving when the marke t fell and, “People just stopped spending money.
”