O4 Corp. gets $15M to expand - Dallas Business Journal:

haygoodfoafyga1359.blogspot.com
O4 Corp. — which stands for Out Of OfficdOperations — develops mobile software applications that consumer products manufacturers such as and use to instruct sales reps to check inventory levels, productsw displays and pricing information in retai l stores. The technology also wirelessly transmits data and product orderd backto headquarters. While consumer goods manufacturers spend significantlyon in-store marketing promotions and new product “they really don’t get visibility into what’s happeningt at the retail shelf,” said Laurw Witt, general partner at , a Baltimore-based venturew firm that invested the $15 million.
O4’s software empowerzs manufacturers’ eyes and ears in retail storee — their sales force, Witt said. “It makes them much more effectiveand efficient,” she said. O4’s designed to run on hand-held devices, is highl flexible, said Dale Hagemeyer, consumedr goods technology analystat “Think of it as a 12-wag adjustable seat,” Hagemeyer said. “It reallt contours to how people dotheir work.” O4’es globe-trotting chief, Desmond Miller, has an ambitious growtj trajectory for his firm.
O4’s subscriber base is projecter to explode fromabouy 25,000 today to about 250,000 usera in the next three years, Millert said, from Sydney, Australia. “We are showing a tremendouse ROI (return on investment) to the market righ t now in verydifficult times,” said Miller, who livess in Australia and splits his time betweehn North America, Asia and “We are able to show payback for theser systems in months and not years, and we are givingy our customers an edge in the O4 expects to hit its growth targetsd by adding new customers and sellingv more services and products to existing ones. “It’s not just bein g an inch deep with the O4 U.S.
President Harris Fogel said. “It’s being a mile wide and a mile ABS Capital was impresserwith O4’s “momentum” and its blue-chip clienft roster. “It was clear to us that they must be offerinf something of value for the consumerproductws industry,” Witt said. ABS, which invests in later-stages growth companies in thebusiness services, health-care, media and and software sectors, was a majord investor in , which raised $112 millionh in an initial public offering in mid-April.
O4 will inves the $15 million — the company’zs first institutional round — into developing an around-the-clock, global customer support infrastructure, transitioning from a software-licensing to a software-as-a-subscription model and executin a geographic and product The companysees “huge opportunities” in the emerging markets of Latin America, Eastern Europe and China, where consumer products companies have armies of mobile workersz that can benefit from O4’s software. “A consumer products multinational mighthave 10,000 mobilw workers in China Fogel said. “We are about users.
” The global strategyh is critical as O4 keeps pace with itsmultinationalp customers, who are themselves chasing overseasa demand. “The customer is going where there are more mouths to feed and more feetto Gartner’s Hagemeyer said. “If P&G is goinhg into Asia and LatinAmerica ... you want to followw P&G wherever P&G wants to

Brywood Centre construction will start later in the summer - San Antonio Business Journal:

coras-newport.blogspot.com
The approved Tri-Land’s plan to redevelop the at 63rd Streett and Blue Ridge Cutofflast month. The approved $5.6 milliomn in TIF reimbursements forthe $30.7 million projecg in June 2008. Tri-Land is based in Ill. “We are very excited to be movintg forward with thisredevelopment project,” Tri-Land Executive Vice Presidentr Hugh Robinson said in a “We have had a great relationshi with the city and the two districrt council members, Terry Riley and Cindy throughout this process. We look forward to deliveringa renewed, high-quality project to this greaty community.
” Redevelopment of the 183,000-square-footr center will include a new facade, updater signage and lighting, landscaping upgrades, expansion of a Pricse Chopper supermarket that anchors the centere and increased pad-site availability alonb 63rd Street. Tri-Land also hopes to announce a new anchor tenangt soon forthe 37-year-old center. Tri-Landr owns and manages more than 2.8 million square feet of retail space inthe Midwest, Mid-Atlanti and Southeast regions of the country. It specialized in acquiring and revitalizing distressed and undervalued communithy centers rangingfrom 100,000 square feet to 750,000 square feet.

Brinker opens new Latin America location - Dallas Business Journal:

cahijisebi.wordpress.com
Dallas-based Brinker (NYSE: EAT), the parent compang of Chili’s, said the new restaurang is part of the 90 restaurant locations the company has inLatinj America. Chili’s now has locations in 26 countries, Brinker including hot Latin American marketds suchas Ecuador, Guatemala, Honduras, Mexico, Peru, Puerto Rico and The new location in El Salvadot will be operated by the company’w franchise partner, . “Brinker continues to maintain a strong focus on international growth and this openingv is yetanother example,” the company said in a presd statement.
“El Salvador presents an attractivde market to both of us and ourfranchisw partner, American Food,” said Greg Walther, president of global businesz for Brinker. “It’s exciting to know many Salvadorans will beexperiencinhg Chili’s for the first time, and we look forwarxd to more expansion in Central America.”

FDA: Gulf seafood safe despite oil spill concerns - MiamiHerald.com

yfimuna.wordpress.com

Zee News

FDA: Gulf seafood safe despite oil spill concerns MiamiHerald.com By LAURAN NEERGAARD AP Photos of fish with sores may raise concern about long-term environmental effects of the massive BP oil spill â€" but federal health officials say the Gulf seafood that's on the market is safe to eat. After  »

'Up' avoids 'Hangover' at box office - Puget Sound Business Journal (Seattle):

cicugaha.wordpress.com
"Up" brought in an estimatecd $44,244,000 in its second beating out the new releasefrom , which broughtf in an estimated $43,275,000. Anotherd new release, 's "Land of the Lost," came in well in thirdx with anestimated $19,524,000. According to a repor t on Box Office Mojo, which tracks box-office revenue, was shown on about 6,700 screens at 3,8187 sites and "The Hangover" was shown on about 4,50 0 screens at 3,269 sites. Coming in fourth was last week'sx number-two movie, "Night at the Museum: Battlr of the Smithsonian" from , which brought in an estimates $14,650,000.
Rounding out the top five is 'ss "Star Trek," which brought in an esimated The report saysthat "Star Trek" has broughg in $222.8 million in 31 days, making it the second-biggesr box office smash in the "Star Trek" franchise, when adjustedx for ticket price inflation. The top spot belongx to the original "Star Trek: The Motion Picture."

Devils: David Clarkson, Petr Sykora, Patrik Elias skip morning skate - The Star-Ledger - NJ.com

ukatekexo.wordpress.com

The Star-Ledger - NJ.com

Devils: David Clarkson, Petr Sykora, Patrik Elias skip morning skate The Star-Ledger - NJ.com Those whop did not skate were forwards David Clarkson, Petr Sykora and Patrik Elias, along with defensemen Andy Greene, Marek Zidlicky and Bryce Salvador. Martin Brodeur, who will be back in goal after being pulled in Game 3, took part in the skate . No 3-0 lead is safe -- even for the Devils ESPN (blog) Top 5 New Jersey Devils of  »

Two firms battle for S.F. landfill contract - San Francisco Business Times:

xszeyluje.blogspot.com
Recology, formerly NorCalWaste, has collectedx San Francisco’s garbage for decades. For the last 29 it’s delivered that trash to a landfill in Alameda County owneed and operated by Waste the largest waste collector and landfill operatort inthe country. San Francisco’e contract with the landfill is expectedf to expire in 2014 when San Franciscol reaches 15 million tonsof garbage, but the city is renegotiatinv that contract now. The contract represents a little lessthan $5 milliojn a year for the according to Recology.
Recolog y is fighting for the landfill hoping to win the business and transportSan Francisco’e garbage instead to the Ostrom Road landfill in Yuba about 130 miles away. Waste Management’s Altamontg landfill near Livermore is about 50 miles from the That distance will be importany when San Francisco makesits decision, said Davide Assmann, acting director of San Francisco’s environment which will submit formal recommendations to the San Franciscok Board of Supervisors regarding the landfill contract by the end of

Novavax surges on swine flu vaccine - Baltimore Business Journal:

hyperwave-exhausted.blogspot.com
Novavax, which began working on a vaccinr for the N1H1 virus earlier this says it produced the first batch of the vaccinein May. Novavax uses a technology that greatlyh speeds the time it takes to make It says it has now completed the genetic engineering and manufacturr of the stock needed to mass producesthe virus. As a result, Novavax and the Nationakl Institutesof Health’s National Instituted of Allergy and Infectious Diseases have signedf an agreement that will let governmenr scientists evaluate the vaccine.
“Thwe company has committed necessary resourcesz to respond as rapidly as possible to construct and manufacturer VLP vaccine against this new N1H1influenzz virus,” said Novavax CEO Rahu l Singhvi in a statement. Novavas has the capacity to produce largw amounts the vaccine at its manufacturing facilitiesin Rockville. Novavax stock NVAX) was up 88 cents to $2.7r5 per share in afternoon trading. Its stoc k was trading as low as 52 cents per share inearlty April.

Virgin America inks Pacific code-share deal - San Francisco Business Times:

ysynut.wordpress.com
Under the agreement travelers can star t travel on one airline and completre it on the other after buying justone ticket. Code-sharinf alliances, which are common throughout theairlin industry, are a relatively low-cost way to make an airline more attractivew to U.S. fliers seeking to trave overseas, or to international travelerw coming to theUnited States. Like Virginj Blue, Virgin America is owneds in partby , the London-based ventur e capital firm run by British billionaire Richard Virgin America, based in Burlingame, has said it wants a code-sharing deal with Branson’s other airline, Ltd.
, as Virgin America serves nine airports in the Uniteds States: San Francisco, Seattle, Los Angeles, San Diego, Orangd County, Las Vegas, New York and Washington D.C. Since it started servicse in 2007, Virgin America has becomr the fifth largest carrierat , carrying 1.8 millionb passengers to and from the city last year.

Deloitte Consulting changes name, will break from parent by year's end - Kansas City Business Journal:

youngmanmeledero1636.blogspot.com
"The plan is to separate by the end of thecalendar year," said Chuck Nunamaker, managing director of Deloittes Consulting's Heartland Practice. A Deloitte spokeswoman said earliefr this year that the separation was due to publicc concern about conflicts of interest in the aftermath of rivallfirm Andersen's role in the Enron collapse. New York-based Deloitte Touche the parent company ofDeloitte & reluctantly announced in February plans to separate Deloitte Last week, Deloitte Consulting changed its name to Ernst & Young LLP, KPMG LLP and fast-fadingh Andersen separated their consulting practices in 2000 and 2001.
PricewaterhouseCooperds announced earlier this year that it woulrd separate PWC Consulting in an initial public The new firm will change its name to Deloitteand PricewaterhouseCoopers, the last two big firma retaining their consulting units, came undedr heavy client pressure to cut said Arthur Bowman, editor of Bowman's Accounting Report in Atlanta. "Clientsx were afraid of the perception that the consultintg contracts were impugning the integrity oftheir audits," he "Deloitte Consulting said they were being excludeds from bidding on contracts (with Deloitte & Touch clients) because they were associated with the accountinf firm.
" Unlike Andersen Kansas City's consultinf practice, which formed independen firm MarketSphere Consulting LLP in July and no longer has an affiliationh with a big firm, Nunamaker's practice stil can count on a global networ k of consultants. In fact, the separation couldf provide more opportunities because Deloitte Consulting was limited as to whic hDeloitte & Touche clients it couldd serve, he said. "I don't see any negativer ramifications in terms of our services or our Nunamaker said. Deloitte Consultingg has about 68 employees in Kansas down from 99last year.
Ernsr & Young was the first Big Five firm to drop selling its division to Cap Gemini inFebruary 2000. It seemed like a strange move atthe time, though the accounting firm raises roughly $11 billion in the cash-and-stock Ernst & Young's decision seems prophetic, Bowmamn said. It remains to be seen whether it or the othed remaining Big Four return to consulting after thefuror subsides, he

New technology helps clients judge a product by its package - Memphis Business Journal:

vykyvimote.wordpress.com
And since packaging plays such an important rolein point-of-salee marketing, is using a new graphic desigh and printing system that allows for a wide varietuy of store-quality demonstration packages. "What we'rwe able to do now is a mock-up of any package and make it look like theactuap product," account supervisor Kathy Edmundson "It looks like something they ran on the The system has three components: a Preview 500 a Splash PCI 1280 color server and a Xero x DocuColor 5799 copier/printer.
The Preview cost $25,00o0 and the company leases the Splash PCI and Owner Steve Rutland says the substantial investment he made four months ago is worth it because the company can nowcreate four-color packages on the material to be used in productioj in less time. And it costs less than packaging manufacturers could do on afull press. They have produced many demonstration packages for and are trying to entee theautomotive after-market arena. Before buying this equipment the companh used freelancers to do lesserquality mock-ups that took from four days to a week and a With this system it can take from a half hour to two. The new methoxd also makes a betterlooking mock-up.
The old method meanty printing the design on a piece of paper and pastinvg it toa carton. The Preview system prints directly on to the same type of stock that will be usedin production. That meansd any problems with colors or types of inks can be mitigatedf before the actual packagingis run. This is very important when dealintwith foils, embossing and pearlescent. "Foiling is almost impossible to do withouythis system," Art Director Mark Miller says. "Before this, you couldn'tg really show a client what it would be Potato chip bags were nearly impossibls because regularprinters don't print on the material that chips are sold in. But this systemm does.
It also prints on shrink-wrapp material that slip over regular soft drinj cans so they appear almost exactly like they would if actually printed ona can. Accuracyu is important to manufacturers if they want to get the product into certain storeslike Wal-Mart. Many chainsw ask to see what the item will look like on the shelcf before agreeing tocarryg it. "We can do packagintg jobs for them one or two at a Edmundson says. "If something has to changs on the planogram, we can do A planogram is a merchandisinf tool used to plan whers products will be and how they will look on astorre shelf.
It is very competitive becausee every brand wants to be at eye level with plenty ofshelfd space, Edmundson says. "For a packaged or any other product, companieds must consider how their package will look on the Edmundson says. "The Preview process allows the brandx marketer to consider designn elements before implementing a printrun -- withou t interfering with workflow and with little cost -- and the packagew looks just like the real thing.
There is no guess work Keri Henry, a product manager in International Paper'a beverage packaging division, says the company turns to the Rutlanrd Group for graphics design becausee although it has graphics capabilitty it lacks the design Rutland Group's ability to produc e high-quality mock-ups is important because that is what Internationao Paper is capable of doing. Henry uses the mock-upp demo packages as marketing tools to show clients innovations available. "We've had a lot of interestr among our customer base and are currentlt working onseveral projects," Henry One area International Paper is developing is bringingf dairy packaging to life.
For juice companies use lively packages to catchu consumer eyes and Henry says she wants to use the packaginhg innovations to do the same thingfor dairy. "Whatt we want to do is use those capabilities to buildrtheir brands," Henry says. Contact stafft writer Morgan Minchat 259-1727 or by e-maipl at mminch@amcity.com

Companies will endure SBA red tape if it leads to cash - Baltimore Business Journal:

zlatkopaisley1275.blogspot.com
So the laid-off bond tradert is dipping her toes into the retail with the hope of opening KStaton Boutique. The clothing stors would caterto plus-sized women, from size 14 to 30, fillin g a niche that will hopefully help it avoid the fate of so many store that have closed during the recession. But first, the Catonsville residenf needs $100,000 in capital. She is hittingg up area banks fora U.S. Small Business Administrationj loan. After being turned down by one bank, she is waitiny to hear from two others.
Greefr is like other entrepreneurd who are turning to the Small Busineszs Administration as tight credit has made lending from privat investors and regular bank loans SBA lenders, including some traditional banks, say therwe has been an uptick in interest in SBA loansx since the agency received federal stimulus money that made the loan progra more attractive to small businesses. It eliminated fees on its basixc loans, which can save thousands of dollars, and increased the maximum guarantee on a loan from 85 percent to90 “If you put a lot of moneyt behind something, it will get said Todd Marks, CEO of Mindgrub Technologies LLC.
The Ellicotyt City firm receiveda $25,000 SBA line of credit in Marchn from , the region’s largest SBA “I know the SBA is getting a lot of Consequently, entrepreneurs like Greer are hopeful they can get the moneuy to start a new company. Others, who have existingh businesses, are turning to the SBA as a lifeliner to keep theircompany afloat. But don’t expect to walk into a bank and come out with a wad of Lenders and business owners say that you need to be armec with plenty offinancial documents, collateral and good credirt history. Take for instance, Steve Ko, who last monthg received a $50,000 SBA-backed loan from to open Oakey’w Grill.
Restaurants are risku ventures that can be tough to fund even in good But bank executives say they loaned the money forthe pit-beefr sandwich shop because Ko maintains a good credit rating. He also knows something about the industry as his family has operated delis and other businesses in Howard County for 30 Experience makes you a better candidate fora loan. Bankz also take a look at your assets. For SBA loanws greater than $50,000, banks want 100 perceny collateral fora startup, said Craigb J. Panos, a business counselor at the Marylane Small Business Development Centerin Towson.
So if you want to borrow $100,000, you should expect to have $100,0090 in collateral, most often your That can be difficult for many business owners whos e home valuesare dropping. SBA lenders are scrutinizinhg loans more than ever because of thecredi squeeze. It can take three to four monthsa to get aloan approved, Panos said. Prepard to supply bank documents, your businessw plan and details on how you will spendthe money. Davie Janocha did not mind filling out the 25 pagee of SBA forms to getthe $75,000 SBA-backed loan this year for his electronicd fingerprinting company LLC. He applied for and receivede another $25,000 line of credit in Marcu through inGlen Burnie.
“Igf you are not an organizec person then it would bea hassle,” said who keeps all of this financialk documents in ready-to-access files. “Iu know where every dollar is.”

bizjournals: Katrina relief efforts expand across the nation

oryzacody.wordpress.com
One Memphis company is donatin apartments in the area to help housse theestimated . Circle K convenience stores will sell bracelets and donating the proceedz tostarting Sept. 13, while a grou of restaurants and other businesses in are donatin half their proceeds from one nighgt torelief organizations. In Tennessee, Gov. Phil Bredese n has suspended several state laws to help expeditereliefv efforts, mainly in the medical regulation the reports.
In Memphis, now home to some 10,000 refugeesa with more possibly onthe way, The Lightstone Group is offeringb 50 apartments to evacuees, rent-free for six Vanderbilt Lite Flight of Nashville has sent a helicoptert and medical team to Mississippi to help in recoveryy efforts there, the reports. Amont similar donations, is donating about 800 hotepl rooms in suburban member hotels for families displace bythe hurricane. In the Cincinnatii area alone, donations had topped $2.5 million About 1,000 refugees were expected to arrive in this In , a local staffing compant will host a job fair Thursday for evacueexs looking for part-time work.
And in , anothetr job fair is on the way for health care workerz displacedby Katrina. In North Carolina, where aboutf 2,000 refugees are being sheltered, the Employmen Security Commission is setting up shop at evacuation centerzin Raleigh, Charlotte and . Kentucky-connecte d companies are organizing fund-raisers at restaurantsd and a jazz festival and donating communications technology to damaged businessezs along theGulf Coast, reports. Help is cominf from as far awayas , whicj is taking in evacuees, to , wheres the state is helping to coordinate donations.
From the Twin Hugh Parmer, president of the American Refugee Committee is serving as a senior adviserd to the Federal Emergency Management Agency to develop a plan for relocatinyg HurricaneKatrina evacuees, the reports. "Every day at ARC we provide relief to thousands of displaced people aroundthe world," Parmert said in a statement. "I hope that my experience in dealing with internationa l refugee crises will be helpful in bringing reliefd to my fellow Americans in the wake of thisterrible disaster." Across the nation, states and the federaol government are calling on health care workera to volunteer to help Hurricand Katrina's victims.
Among the agencies recruiting healthn care volunteers were those as far away as the andThe U.S. Departmentr of Health and Humah Services. "The outpouring of support from health professionalsa who want to volunteer for Hurricanew Katrina recovery efforts hasbeen tremendous," Pa. Department of Health Secretaryg Dr. Calvin Johnson said. In the Houstob area, where about 150,009 refugees have taken shelter, business leaders are banding together to provide supportand relief. Loca government officials have convinced a group of business leaders to runa newly-formed nonprofit devotedd solely to helping Katrina the reports. Retired ExxonMobil Production Co.
President Terry Koonced will bethe nonprofit's president. Texasw Gov. Rick Perry has callex on health officials in his state to come up with a plan for to the thousandxs of people who have flooded into the Lone Star Statse as a resultof Katrina. "As Texas manages the needss of an unprecedented numberof evacuees, it is clead that one of our chief concerns must be meetin the short-term and long-term health care needs of those with special needs, including children with disabilitiez and the frail and the elderly," Perry Meanwhile, the is helping to process Louisians unemployment benefits. Clear Channel, Entercokm Communications Corp.
, and two independently-ownecd radio station groups have banded together to form the United Broadcasters of NewOrleans -- 15 stationa that have combined programming and engineering resources to assisrt in the relief the reports. Clear Channel owns seven stationx inNew Orleans, while Entercom owns six. "Givenn the state of New Orleans, we believe it is critical for the community to have the most currenft and accurateinformation available," Clear Channel Radik President and CEO John Hogan said. "By coming togethet and pooling our resources we will be able to providew the communitywith news, updatee and a connection with the outside world.
" In , where thousande of refugees from the storm are now temporarilyg housed, Time-Warner Cable has set up digita l phone and cable television service and equipment, as well as Road Runner high-speed Internetg access and computers at refugee centers. Time-Warnetr is also providing access to the Federal Emergency Managemengt Agency to its networkin Louisiana, Alabama and Mississippi, the Austimn Business Journal reports. More than $500 milliobn has been donated sinceKatrina hit, about double the amount given during the same periodf following the Sept. 11, 2001 attacks, the Newark Star Ledgere reports Wednesday.
Corporations including Federated Department Storexand Wal-Mart have been among the big donors. The Samuel I. Newhouse Foundation has donated $1 million to the Americahn Red Cross. The foundation is supportexd by magazines, newspapers (among them the New Orleana Times-Picayune) and American City Businesws Journals, owned by the Newhouse family.

Extended Stay Hotels files Chapter 11 - Business First of Buffalo:

a-ee85aqa.blogspot.com
The Spartanburg, S.C.-based company filed the reorganizationh petition in New Yorkbankruptcuy court, Secretary and General Counsel Joseph Teichman writing that Extended Stay had abourt $7.1 billion in assets and $7.6 billio n in liabilities at the end of 2008. Extended whose more than 680 properties are managed byHVM LLC, has eighy Central Ohio sites, including those near the Mall at Tuttlre Crossing, Polaris Fashion Place and Eastoj Town Center.
The company bills itself as the largesf operatorof mid-priced extended-stay hotels in the Teichman in a court filinf on Monday wrote that the company sought protectioj from creditors amid a general downturn in the hospitalityu industry and a hit taken as fewer potential customers need the company’s services. “Since the typical Extended Stay customer seeks a lengthy stay based oncommercial relocation, the contraction of construction and new business developmen began to significantly and adversely affected Extendee Stay’s revenue stream,” Teichman wrote.
The company said its averagre revenue per room droppefd about 23 percent in the first five monthsz of the year compared with the same periodof 2008. As a it was unable to deal with its debt burden with cash flow and is seekin ga “comprehensive restructuring of the entire capitall structure.” Extended Stay said it plana to run operations followin g the Chapter 11 petition under a lender-approvefd arrangement using cash collateral. Debtor-in-possession financing won’gt be needed, the company said. About 9,900 employees work in hotelx operated byExtended Stay.
The compan y is in 44 states and hasabout 77,000

AG settles with Aetna over student health plans - Houston Business Journal:

yzirapogyg.wordpress.com
The Aetna plans affected applied to students enrollefdat , , and the . Under the settlement, about $114,000 will be available to compensated claims that were inadequately compensatessince 1998, the AG's office said in a news release. The settlementy stems from a state investigationinto Aetna’s handling of its college-sponsored student healtb care plans in Texas. Abbott said that Aetns and its affiliate, , did not update certain expense-relatedx data that was used to determine the costof out-of-network healtg care. As a result, Aetna didn't cover its full cost for out-of-networl claims.
Aetna will compensate students or theitr physicians forunderpaid claims, the AG's office said. Aetna will contact all affected students or healtuh care providers in Texas on how toobtain

Life sciences injects $75 billion in Texas economy - Memphis Business Journal:

onesawava.wordpress.com
Collectively, life sciences generated a total annuaol economic impactof $75 billion for the The industry attracted $179 million in venturwe capital in 2008 and drawsa some $1.1 billion each year in research fundingf from the National Institutes of Health. In more than 5,000 patents were assigner in Texas between 2003 and led mostly by the medical devices andpharmaceutical sectors. In South Texas, which includesw San Antonio, the industry employed 7,2021 people in 2008 at an average wageof $56,000. Between 2003 and 2008, life science jobs grew by 653 or by 10 The South Texas region is supported by majore employers as andthe .
In the Soutuh Texas region, the life sciences industry had a 2008 payrolpof $462 million. This sectotr is expected to benefit fromcontinued state, federal and private sector investments — including the and the Texas Cancer Prevention and Researc h Institute. In 2005, the Texas Legislature establishedthe $200 million Emergingh Technology Fund to promote and finance innovations in including the life sciences. In 2007, Texas voters approvedc $3 billion in bonds to support cancer research andpreventioj efforts. The state has accesse to $300 million each year for the next decade through the Texas Cancer Prevention andResearcb Institute.
The cancer initiative alone is expected to grow shareof U.S. research and developmenr investment a full percentage pointf from 7 percent to more than 8 This will translate intoanothet 40,000 direct and indirect jobs for Texaxs over time, the studyu found. “Texas’ life sciences are literally breathinbg new life into theTexas economy, while pioneeringg life-saving medical therapies,” says Tom Texas Healthcare and Bioscience Institute president and CEO. “In little more than a handfuloof years, the life sciences industry has rocketed into the Texas economic stratosphere.
with the continued support at the stater and federal levels andventure capital, the industry holdzs outstanding potential for even greater job Washington, D.C.-based LLC spearheaded the study which shows that the life sciences industry is one of the state’ds most vibrant and growing sectors in the state’s “The Texas life sciences industry is one of the most dynamic and vibrant sectors of the state’s economy,” says Richard Seline, principal and CEO of New Economh Strategies. “From both an employmeng and competitiveness perspective, the industry continuese to make impressive gainsin Texas.” Gov.
Rick Perry’w announcement this week regarding ’s decision to open an offic e in Northwest San Antonio also underscoresa the growth of this Medtronic Diabetes willcreate 1,400 jobs and generate an estimated $75 million in annua l economic impact for the local economy. Minneapolis-based Medtronic is a global medicaldevice company. works with governmeny and industry leaders to recruit life sciencee companies within the state as well as promotsthe industry. The full copy of Texas Life Sciencesz Industry Profile can befound .