Governor Wolf Announces Funding for Development of Business Park to Create More than 1,000 Jobs in Fayette County

first_img August 13, 2018 Economy,  Infrastructure,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced new funding to create a business park in Uniontown, Fayette County, that will host more than 45 businesses and is anticipated to create more than 1,000 jobs upon completion of the development.“The development of pad-ready sites will help bolster Fayette County to the top of the list when businesses are looking for a place to call home,” said Governor Wolf. “I’m proud to support a project that will help Fayette County prepare for the business development and job creation projects of the future.”Redevelopment Authority of the County of Fayette was approved for a $500,000 grant to implement the authority’s strategic plan of creating a business park centrally located in Uniontown that can host more than 45 commercial, retail, and professional spaces. When completed, this project will be able to house more than 1,000 jobs for workers in the area, which would make a significant impact on the unemployment rate and ensure job growth in the North Fayette area.Supported through the Redevelopment Assistance Capital Program (RACP) program, funding will support critical expansion projects, some of which will provide opportunities for additional economic development. Governor Wolf Announces Funding for Development of Business Park to Create More than 1,000 Jobs in Fayette Countycenter_img SHARE Email Facebook Twitterlast_img read more

First homebuyers triumph at Berrinba auction

first_imgThe home at 39 Freshwater Drive, Berrinba.A four-bedroom property has sold under the hammer in Berrinba to a first homebuyer. The property, at 39 Freshwater Drive, sold for $490,000 on Saturday, June 3.Marketing agent Joel Stephan, of LJ Hooker Algester, said the auction attracted a crowd of about 20 onlookers and one registered bidder. An opening bid of $400,000 kicked proceedings off.“The bidder started things off and there was some back and forth until we got close to where the owner wanted to be,” Mr Stephan said. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“The property was called on the market and sold at $490,000.“The sale price was perhaps a bit lower than the vendors expected but they were stoked that it had sold.” Mr Stephan said the new owners were a young family buying their first home.“It’s always great selling to a first homebuyer — they’re excited, happy and nervous all at once. All that is only amplified when it’s a first homebuyer buying at auction.” Mr Stephan said the Berrinba market was quiet at present but he attributed that to the seasonal midyear slow down. “My expectation is for it to stay fairly steady for the next little while,” he said. “I’m finding right now buyers have their finance in order but they are sitting back, waiting and watching. “I’m confident towards the spring selling season the market will start to pick up. There will be a lot more buyer confidence.”last_img read more

Norway’s SWF to shift €44bn equities across the Atlantic

first_imgThe move was in line with advice received from Norges Bank, the ministry said.Jan Tore Sanner, the finance minister, said: “The changes we are proposing will ensure the investments better represent the distribution of value creation in listed companies globally.”The allocation to Europe is to be reduced by 6.5 percentage points to 26.5% of the portfolio, while the North American allocation will expand 6.4 percentage points to 48%, the white paper showed.Given that equities make up around 70% of the GPFG, a 6.5 percentage point change equates to around NOK478bn of the fund’s assets at today’s valuation.However, another recommendation made by the central bank’s department managing the GPFG, Norges Bank Investment Management (NBIM), which could have opened the way for wider-scale private equity investment, was turned down by the ministry in the white paper.NBIM had proposed changing today’s provision in the GPFG’s mandate for the fund to invest up to 1% of assets in unlisted companies intending to seek a listing, so that it allows 1% of the fund to be invested in any large unlisted companies – reasoning that in time, these firms would become listed.This was rejected in the white paper, with the ministry saying NBIM’s idea would make it more likely the fund would stay invested in unlisted companies for a long time.The ministry also dedicated a large section of the report on the GPFG to its work on climate risk – activity that Sanner said should be taken further.“Climate risk forms an integrated part of risk management, investment decisions and active ownership at Norges Bank,” he said.“There is every reason to believe the future importance of climate will be significant. In my opinion, Norges Bank should therefore further strengthen its work on this issue,” he said. Norway’s giant sovereign wealth fund is to make a major shift in the geographic allocation of its equities portfolio, resulting in around NOK478bn (€44bn) of European stocks being sold to buy an equal amount of US stocks, after the government approved last year’s proposal from the fund’s managerThe green light – which still requires a parliamentary vote – came as part of the Norwegian government’s annual white paper on the management of the Government Pension Fund which was published yesterday, having been delayed from its usual April release because of the coronavirus.The white paper reported on results of the management of the sovereign wealth fund’s two parts – the NOK10.5tn Government Pension Fund Global (GPFG) which invests outside Norway, and the smaller NOK257bn Government Pension Fund Norway (GPFN), which invests domestically and in other Nordic countries.The Ministry of Finance announced it was proposing to adjust the geographical distribution of the GPFG equity benchmark, reducing the share of developed markets in Europe while correspondingly lifting the proportion of US and Canadian equities. “There is every reason to believe the future importance of climate will be significant”Jan Tore Sanner, finance ministerTurning to the smaller GPFN, Sanner rejected one of the solutions put forward by its manager Folketrygdfondet to the problem of the fund currently nearing its 15% ownership limit for individual companies in some cases – instead proposing that money is withdrawn from the fund.Folketrygdfondet’s idea that the GPFN could reduce the proportion of assets it invested in Norway and increase it in the other three Nordic countries was also given short shrift.“The Ministry of Finance proposes to keep the allocation to Denmark, Finland and Sweden unchanged at 15%,” the government department said.Sanner said a withdrawal from the GPFN – which had also been among solutions mentioned by Folketrygdfondet – would need further assessment.“We will continue working on establishing the scope and framework for such withdrawals, in order to resolve the issue Folketrygdfondet has raised in a sound and appropriate manner,” he said.The ministry also said it was considering expanding the GPFN’s current provision for investing in unlisted companies intending to seek a listing, because it said that so far, that permission had hardly been used.Folketrygdfondet responded to the proposal positively by saying that withdrawals from the fund meant Norwegian society could reap the benefits of “fantastic value creation over many years”.“Folketrygdfondet has managed the almost NOK12bn that was invested in the 1960s and 1970s, so that it has grown to NOK257bn today, despite the fact that more than NOK100bn was taken out in 2006,” said the manager’s chief executive officer Kjetil Houg.“We are now looking forward to working with the specific design of the withdrawal scheme,” he said.The Norwegian government is currently making larger-than-usual withdrawals from the petroleum revenue generally directed into the GPFG, due to expense of the COVID-19 outbreak.But Sanner said that once the situation normalised, spending of petroleum revenue would be reduced.“This is important in order to ensure that also future generations will benefit from the Norwegian petroleum wealth,” he said.Looking for IPE’s latest magazine? 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Portsmouth rocked by early morning gunshots

first_img Share Share LocalNews Portsmouth rocked by early morning gunshots by: – January 4, 2012 Sharing is caring! 339 Views   22 commentscenter_img Share Tweet Armstrong DrigoVillagers in the second town of Portsmouth, specifically those in the Cotton hill, Gutter area say they are traumatized after hearing a series of gunshot in that area this morning.According to a villager who wishes to remain anonymous, “Around 7 o’clock this morning I was just getting ready to go to work when I heard a loud explosive noise followed by a series of them. I would say about 15 of them in the Cotton Hill area that’s about North of the Portsmouth Secondary School in Gutter. The gunshots came from around the home of Armstrong Drigo, a very popular person in Portsmouth. The whole community is shocked and traumatized by the incident is like we do not know who is next”.Dominica Vibes News has been reliably informed that Drigo was questioned and released by the Police in connection with the shooting incident which claimed the life of twenty-two year old Tyson “Boyee” Thomas of that same village in December, 2011. It would appear that Drigo was led away from his house and shot execution style as his body was found riddled with bullets in a grassy area a short distance from his home.Dominica Vibes News will however seek an official report from the Police Public Relations Officer and provide the details as soon as it becomes available.Dominica Vibes Newslast_img read more

Sir Ferguson arrives ahead FA Derby against County

first_imgManchester United legend Sir Alex Ferguson was spotted at Carrington on Wednesday ahead of Thursday’s FA Cup challenge against Derby County. Ole Gunnar Solskjaer ’s side will be looking to cap off what has been a difficult season with both Champions League qualification and a trophy, with the historic cup offering their best chance of silverware. Ferguson won the competition five times during his time at Old Trafford between 1986 to 2013, and continues to have an influence despite leaving almost seven years ago. The 78-year-old Scot is likely to be attending in his role as a director on the board at United, a position also held by Sir Bobby Charlton. Wayne Rooney set to battle former club Man U in FA Cup derby The Red Devils are currently on a run of eight game unbeaten as Bruno Fernandes continues to inspire his colleagues, with Solskjaer feeling confident as they aim for FA Cup progression. The Norwegian said on Wednesday when asked if he has been shocked by the progress of his Portuguese midfielder: “I’m not surprised because I saw what he can do on the pitch and his leadership qualities “If you do your due diligence and speak to people who knew his personality, you’d hope he’d have this influence. “But couldn’t be 100 per cent sure, some players take six months but the point was get him in because of the quality, he relishes it, loves being around the place, gives everyone a boost and has an aura.” The trip to Pride Park will also see Wayne Rooney play against his former side for the first time as a Championship player, which he is looking forward to. “Manchester United weren’t in the greatest run of form when the draw was made in January, but they have picked up in recent weeks,” Rooney told RamsTV. Read AlsoWillian, Barkley’s strikes dump Liverpool out of FA Cup “For me, it’s a big game. They are my former club but it’s a big challenge for us here against a very good team. “They will be favourites, so we just have to try and take our chances and stay in the game. Loading… FacebookTwitterWhatsAppEmail分享 Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way13 kids at weddings who just don’t give a hoot11 Most Immersive Game To Play On Your Table Top7 Facts About Black Holes That Will Blow Your MindPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiBirds Enjoy Living In A Gallery Space Created For Them10 Places On Our Planet Where The Most People LiveFantastic-Looking (and Probably Delicious) Bread Art9 Iconic Roles That Got Rejected By World Famous ActorsA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day9 Facts You Should Know Before Getting A Tattoo10 Hyper-Realistic 3D Street Art By Odeithlast_img read more

Hoosiers warned on a recent scam alert

first_imgIndianapolis, IN—The U.S. Marshalls in the Southern District of Indiana are cautioning Hoosiers about a phone scam. Investigators say scammers are “spoofing” their number and demanding money from unsuspecting people. Marshal Dan McClain says, “Spoofing is when scammers use technology to make it appear to impersonate someone you know, or in this case law enforcement.”He says government officials will never call asking for money via a prepaid debit card, iTunes cards, or other forms of automatic payment. Even if an agent of the court calls and provides a court order, you should take steps to verify the information before any payment is made. Questionable calls should be reported to law enforcement immediately.last_img read more

Florida man arrested after threatening mass shooting at Publix

first_imgThe Highlands County Sheriff’s Office says a man threatened to shoot up a grocery store because not enough people were wearing masks to prevent the spread of the coronavirus. (Health officials have recommend using face masks to prevent the spread of COVID-19.)Authorities say 62-year-old Robert Kovner posted the threat on social media. Investigators say he threatened to carry out the shooting at a Publix, but didn’t say which specific store.Kovner was arrested Tuesday and charged with making a written threat of a mass shooting.last_img read more

Syracuse forced to adjust as the season shifts outdoors

first_imgInside Drumlins Country Club, it can be difficult to remember that Syracuse is among the snowiest cities in the United States.The seven courts, situated under an airplane hangar-type roof, remain dry year round as Syracuse is barraged with snow, rain and wind, allowing tennis players to enjoy controlled conditions.But, through April, SU balances two different schedules: the home, indoor circuit and its southern, outdoor destinations.The Orange enters the outdoor-heavy portion of its season Friday with a matchup at No. 19 Florida State (12-7, 4-5 Atlantic Coast), where Syracuse (14-3, 6-3) must adjust to the different pace of outdoor courts down south. Three of SU’s final five matches will be outdoors, including the ACC championships in Cary, North Carolina. Playing in Syracuse, SU has had little opportunity to practice outside due to unfavorable conditions.The adaptations players make for the wind and sun, combined with the differences in court speed, make the adjustment to southern play difficult, SU head coach Younes Limam said. Limam intended to practice outdoors starting April 2, but the rain, wind and cold forced SU to remain indoors. Syracuse is the only ACC school that doesn’t have outdoor courts available for matches.AdvertisementThis is placeholder textWhen SU arrives in Tallahassee, Florida, on Thursday, it will have light practice to acclimate to the differences of the outdoor courts. Because of Syracuse’s outdoor restrictions, the Orange hasn’t played outside since March 13, when it defeated Florida Atlantic 6-1.Against FAU, the wind frustrated Gabriela Knutson, forcing her to adjust her ball toss on her serve, she said, opting to toss the ball lower than usual, which sacrifices power for placement. Knutson lost to the nation’s No. 6 player, her only singles loss of the season.“When I toss it high, the wind and the sun bugs me,” Knutson said. “I’m not saying it’s why I lost, but it was difficult.”Most of SU’s players, including Knutson, Dina Hegab and Miranda Ramirez, grew up playing on outdoor hard and clay courts. They prefer playing outdoors, they said. Adjusting to faster indoor hard courts isn’t the tough part, Limam said.“There is quite an adjustment you have to make going from indoors to outdoors,” Limam said. “It’s a lot easier to come from outdoors to indoors.”Players like freshman Sofya Golubovskaya, who hits a flat ball with little spin and a lot of pace, face a bigger adjustment to outdoors where the wind messes with the ball before and after it makes contact the racket, making timing shots hard, Limam said.Hegab counters the wind and higher bounce by playing more conservatively, she said. Instead of trying to hit winners from all over the court, she uses improved fitness and consistency to force opponents into errors. Ramirez uses her footwork to prepare for potential late deviations to the ball’s path.“We try to remind them to put more spin on the ball, be a little more patient,” Limam said. “When you play indoors, you can finish points in two or three shots, outdoors the ball comes back.”Last season, the Orange finished 1-4 in outdoor matches. Limam is hoping that this year, his team is ready to deal with leaving Drumlins.“Being outdoors in the wind can be difficult,” Limam said. “We have to be ready to dig in and make a few extra shots.” Comments Published on April 5, 2018 at 10:25 am Contact Anthony: amdabbun@syr.edu Facebook Twitter Google+last_img read more

2017 CAF Champions League: Holders Mamelodi Sundowns Booted Out

first_imgRelatedCAF CHAMPIONS LEAGUE: Top 4 emerge as champions bow out.September 25, 2017In “Features”CAF CL: Hilal Shock Etoile, el Kaabi Hat-trick Powers Wydad Past Petro LuandaDecember 29, 2019In “Africa”CAF Top Eight TeamsJuly 11, 2017In “Africa” Defending champions Mamelodi Sundowns of South Africa have been eliminated from this year’s CAF Champions League after they lost 4-3 on penalties to Moroccan side Wydad Casablanca in the second leg of their quarter-final tie at the Prince Abdellah Stadium in Rabat.Sundowns led 1-0 from their home leg but failed to keep out hosts Wydad as Salaheddine Saidi’s first half strike was enough to force the dreaded penalty shooutout. The home team then went on to emerge 4-3 winners thus sealing a semi-final meeting with USM Alger of Algeria.USM Alger eliminated Mozambique champions Ferroviario Beira on away goals after a 1-1 aggregate scoreline. Both teams played out a goalless draw in their second leg clash in Algeria with the hosts moving to the next stage having secured a 1-1 draw in the first leg.Egyptian giants Al Ahly are also through to the last four of the competition following a 4-3 aggregate win over Esperance of Tunisia. After an event-filled 2-2 draw from the first leg in Cairo, Al Ahly showed why they are one of the favourites to win by producing a comeback victory against their hosts.Al Ahly won 2-1 courtesy second half goals from Ali Maaloul and Nigerian forward Junior Ajayi as they recovered from going down to a 40th minute penalty from Tunisian international Taha Yassine Khenissi. They will next face the winner of the tie between Al Ahli Tripoli of Libya and Etoile du Sahel from Tunisia for a place in the 2017 CAF Champions League final. Al Ahli and Etoile meet in Tunisia on Sunday with the tie delicately poised at 0-0 from the first leg.last_img read more

Long hours, sleepless nights helped Angels win Shohei Ohtani sweepstakes

first_img Newsroom GuidelinesNews TipsContact UsReport an Error LAKE BUENA VISTA, Fla. — When Shohei Ohtani decided to sign with the Angels, it was a win-win for Billy Eppler.Not only did the Angels’ general manager essentially win the lottery by getting the Japanese two-way star, but the resolution of the process meant Eppler could finally get some sleep.On the first day of the Winter Meetings on Monday, Eppler gave further detail into the courting that landed Ohtani, including 4 a.m texts to his staff and shortened vacations.The process of wooing Ohtani began in earnest when his agent requested that clubs put together presentations detailing why Ohtani should pick them. Eppler said producing that presentation, and the accompanying video, was such an all-encompassing project that he had members of the front office, some of whom had traveled across the country, interrupt their Thanksgiving vacations to work on it. In the end, whatever the Angels did worked. Ohtani picked them because of the connection he made with Eppler and the rest of the group who met with him.“I love my guys,” Eppler said. “They worked their tails off so we can make this a reality.”The process was also unique because money wasn’t a factor. The financial packages teams could offer were limited by international spending pool rules. That also means that teams were expressly prohibited from making any promises of compensation beyond that, or trying to circumvent the rules in any way.Just last month, Major League Baseball banned former Atlanta Braves GM John Coppolella for life and granted free agency to 12 of their prospects after the Braves violated international signing rules.While there would be natural scrutiny over the Ohtani recruiting process, Eppler said it never became an issue because money wasn’t discussed. He is not expecting any sort of audit of the process.“There was never a forum for that to even get opened up,” he said. “All of the talk centered around the development and how (we’re) going to use him. It never went anywhere else, which was comfortable.”Eppler also said the Angels never made any guarantees about how he would be used, as a pitcher or hitter, in the long-term.“I think (Ohtani) felt he was always going to empowered in the discussion,” Eppler said. “Right now we’re going to bring him and he’s going to do both, and let’s just see where it goes. We didn’t make any promises, but he knows our position at the outset, and he knows our commitment to his development. We know he’s not a finished product.”center_img “My whole group locked in,” he said. “It was all hands on deck.”Toward the end, he said he was sending late-night texts to assistant GM Jonathan Strangio, who was providing some final edits.“It was 3 or 4 in the morning and we were still working,” Eppler said. “I would imagine that was true of a lot of clubs.”Eppler got word about 11:15 a.m. on Dec. 3 that the Angels were one of the seven teams that made the first cut, earning the right to come in and have a face-to-face meeting with Ohtani. That meeting was set for 7 p.m. the next day, resulting in another long night of preparation.“Three and a half hours of sleep,” Eppler said.last_img read more