(Sarasota Herald-Tribune) — THE U.S. SMALL BUSINESS Administration announced on Dec. 15 that it was ending its Community Express pilot loan program on April 30. The program has been widely used by small business owners in need of small amounts of working capital — up to $25,000 in most sites and $50,000 in Historically Underutilized […]
(Washington Examiner) — More than two-thirds of Washington’s Capitol Riverfront neighborhood near Nationals Park has yet to be developed two years after the park opened, as officials say the recession put a stranglehold on development. But those officials said Tuesday that better days are ahead. “Our existing development only comprises 30 percent of our ultimate […]
(Washington Informer) — The incoming county executive of Prince George’s County wants to build a stronger partnership with the District of Columbia and improve the economic viability of his jurisdiction. Prince George’s County Executive-Elect Rushern Baker, in an interview with the editorial staff of the Washington Informer Newspaper on Thu., Nov. 18 at his law […]
(Crain’s) — The Economic Development Corp. announced a loan and assistance program Tuesday that it says will help solve a basic supply vs. demand problem plaguing the city’s affirmative-action contracting: government construction projects that prioritize hiring minority- and women-owned businesses sometimes find that qualified companies remain in short supply. A City Council report in September […]
(Washington Examiner) — The District is quickly approaching the point where it will no longer be able to afford to build new roads, overhaul school buildings and make other capital expenditures. If revenue and spending on capital projects remains the same, the city will be up against a self-imposed 12 percent debt cap within five […]
(Chicago Tribune) — At first blush, there aren’t many similarities between Chicago’s historic Pullman neighborhood and Grove Parc Plaza, a federally subsidized housing project six miles north in the Woodlawn neighborhood. One was built more than 120 years ago to house factory workers; the other more than 40 years ago to assist low-income families. Both are now test […]
(Washington Informer) — President Barack Obama reached another significant milestone on the long difficult road toward economic recovery of the economy in the United States when General Motors (G.M.) recently launched one of the largest initial public offerings (IPO) in American history. I believe that the proper stimulus investment in the African American business community […]
(New York Times) — STANDING on the roof of the Edge, a luxury waterfront condominium project under construction in Williamsburg, Brooklyn, you can’t help but be taken in by the grand sweep of the Manhattan skyline. But what Jeffrey E. Levine, the developer whose company is building the Edge, sees when he looks to the […]
(AJC) — When Pamela Joiner first heard Atlanta had won funding for a streetcar that would travel a loop between Sweet Auburn and Centennial Olympic Park, she didn’t believe it. She’s still a bit cautious. Agreeing with streetcar boosters that it could be transformational for Sweet Auburn, she also has seen a lot of good […]
(Wall Street Journal) — With upscale housing developments sprouting in downtown Brooklyn, some developers and retailers are betting big bucks that the Fulton Street Mall is poised for a rebirth. National retailers like Filene’s Basement and SYMS, H&M and Aéropostale have recently announced they are setting up shop along the strip which was one of […]
(International Business Times) — The key to kick-starting the U.S. economy and create hundreds of thousands of desperately-needed jobs lies in developing America’s one-hundred largest cities, according to a report from Bruce Katz, Director of the Metropolitan Policy Program at the Brookings Institution, nonprofit public policy organization based in Washington, D.C. “If we unleash the […]
(Washington Post) — Washington has its share of developers who drew up grand plans before the fall of the real estate and capital markets only to forfeit them — whether by choice or foreclosure — as the recession endured. Those who have hung on, however, are cutting deals to accelerate work now that the economy […]