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April 03, 2019 Economy, Latest News, Press Release Harrisburg, PA – Governor Tom Wolf announced two new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program for DelGrosso Foods Inc. in Blair County and Commercial Flooring Professionals in Cumberland County. The funding will enable the expansion of both companies and help create and retain more than 115 jobs.“This is great news for workers and families in Pennsylvania,” Governor Wolf said. “These companies have had great success over the years, and this new funding will help launch their products into the next level. We’re always proud to support small businesses because they are the backbone of our economy.”In 2019 so far, PIDA has approved $7,483,000 in low-interest loans that have resulted in $16,149,685 in private investment and supported the creation and retention of 109 full-time jobs. This month, PIDA approved a total $2.2 million in low-interest loans to projects in Blair and Cumberland counties.The following two loans were approved:Blair CountyDelGrosso Foods Inc., a spaghetti and pizza sauce manufacturer, was approved for a $2 million, 15-year loan at a 2.5 percent rate through the Altoona-Blair County Development Corporation for the acquisition and renovation of a 160,220-square-foot manufacturing building in Antis Township. As the company is currently outgrowing the facility, the building will initially serve as warehousing space but will be transformed into a new production facility within two years. The project is expected to create nine full-time jobs and retain 104 over the next three years.Cumberland CountyCommercial Flooring Professionals, Inc. (CFP), was approved for a $200,000, 15-year loan at a 3.5 percent rate through the Cumberland Area Economic Development Corporation for the acquisition and renovation of a 4,882-square-foot building in Lower Allen Township. The new building provides more showroom and warehouse space and will allow the company to expand and meet their growing demand. Renovations include a new showroom, exterior awnings, and a resurfaced parking lot. The project is expected to retain four full-time jobs.PIDA is an independent authority staffed and regulated through the Department of Community and Economic Development. The authority provides capital for building acquisition, construction and renovation work, machinery, and equipment loans along with working capital lines of credit, primarily for manufacturers, industrial developers, research and development firms, agricultural processors, and employers looking to establish national or regional headquarters in Pennsylvania.For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov. SHARE Email Facebook Twitter Governor Wolf Announces Small Business Expansions in Blair and Cumberland Counties
Two England teams will set out to defend the Nations Cup in next month’s McGregor Trophy – the English U16 boys’ open championship – at Royal Ashdown Forest, Sussex. Team one is James Cooper of Wiltshire (Image © Leaderboard Photography), Harry Goddard of Hertfordshire and Hugo Kedzlie of Lincolnshire. Team two is Charlie Daughtrey of Yorkshire, Charlie Hilton of Sussex and Charlie Salter of Northamptonshire. Cooper, Goddard and Daughtrey all represented England in the U16 international against Spain last month. The McGregor Trophy will be played from 12-14 July and the Nations Cup will be decided over the first two rounds, with the best two scores counting from each team on each day. England won the Nations Cup last year on 14-under – and were 17 shots clear of the runners-up. The players: Team One James Cooper, 16, (Cumberwell Park) was runner up at the U16 spring championship at Hawkstone Park and ninth in the Peter McEvoy Trophy. Harry Goddard, 16, (Hanbury Manor) is the North of England U16 boys’ champion, was third in the 2015 German Junior Masters and ninth in this season’s Fairhaven Trophies. Hugo Kedzlie, 15, (Spalding) was ninth in the U16 spring championship,16th in the Midland boys’ county championship qualifying and 24th in the Fairhaven Trophies. Team Two Charlie Daughtrey, 15, (Rotherham) was ninth in last year’s North of England U16 boys and had a top 20 finish in this season’s Peter McEvoy Trophy. Charlie Hilton, 15, (Ifield) shared 14th place in the spring U16 championship and was ninth in last year’s Scottish U14 boys’ championship. Charlie Salter, 16, (Northamptonshire County) won the Midland boys’ county championship qualifying and also tied 14th in the spring U16 championship. 14 Jun 2016 England boys’ teams to defend Nations Cup
RUMSON – Looking for a place to celebrate Purim, the happiest of all Jewish holidays? Grab the kids and grandkids and head to the Purim Carnival at Congregation B’nai Israel (CBI).The annual fundraiser will be held 11 a.m. to 2 p.m. Sunday, Feb. 24, and will include games, inflatable rides, food, prizes and gift auction. There also will be a magic show for little children.The carnival is open to the public. General admission is free. The synagogue is located at 171 Ridge Road at the corner of Hance Road.Purim, a festival recorded in the biblical Book of Esther, commemorates the deliverance of the Jewish peopleliving in the ancient Persian Empire from a plot by Haman, an evil ruler, to destroy them.Purim is characterized by public recitation of the Book of Esther, giving mutual gifts of food and drink, giving charity to the poor and a celebratory meal. Other customs include the wearing of masks and costumes.Additional information about the Purim Carnival, is available by contacting Susan Alderson, CBI youth director, at email@example.com.Additional information about religious services associated with Purim is available by contacting Henry Silberman, administrator, at 732-842-1800.Founded in 1922, Congregation B’nai Israel is one of the oldest and largest synagogues in the Two River area.
Former L.V. Rogers Bomber Eric D’Andrea is off with the Vancouver Island University Mariners to the CCAA National Men’s Basketball Championship held this week at Holland University in Prince Edward Island. D’Andrea, in his fifth season with the Mariners, helped the Nanaimo-based squad capture the PACWEST crown for the third straight season with a 94-77 victory over the Capilano Blues recently in the conference championship game.VIU meets George Brown of Toronto in the opening game of the tournament Thursday at 9 a.m. PDT.The Mariners shot 49 percent from the field in the victory and were led by tournament MVP Usama Zaid. Zaid collected a game high 24 points, seven rebounds, three assists and two steals. Bryson Cox was equally impressive scoring 19 points, had nine rebounds and seven assists and was named the player of the game. D’Andrea, attending VIU on a Bacherlor of Arts degree, came off the bench to finish with five points in 13-plus minutes of playing time while shooting 2-4 from the field.D’Andrea averaged 7.1 points per game during the season during 22.6 minutes per game.VIU won the regular season PACWEST title with a 16-2 record.D’Andrea was coached by Ross Naka at LVR during his high school career before heading off to attend Thompson Rivers University.The 6’6” forward later transferred to Vancouver Island University and was part of the CCAA National Champion squad in 2013 and PACWEST silver medalist squad in 2014.George Brown is a wild-card entry into the tournament after losing to Sheridan College in the Ontario College Athletic Association Championship.
WILMINGTON, MA — On July 18, women from the Wilmington/Tewksbury Chamber of Commerce enjoyed patio networking at Artis Senior Living in Reading.In addition to the flowing Sangrias and appetizers, the ladies were treated to a presentation by Eleana Rogan Conway, Owner of Restore Meditation, on “The Power of the Present Moment”. Eleana shared the science and benefits of Mindfulness and how it can make you happy, healthy and successful.To learn more about the Chamber’s “Women In Business” Series, please contact Executive Director Nancy Vallee at 978-657-7211.Below are a few photos from the event:Chamber of Commerce Executive Directors with Artis Senior Living of Reading Team, and Eleana Rogan Conway, Owner/Founder of Restore MeditationLadies from the Wilmington/Tewksbury Chamber of Commerce: Susan Anton (LMT), Karen Halloran (CareOne at Wilmington), Robin Reiner (Peacock Chalk), and Nancy Vallee (Chamber Executive Director)Chamber member, Susan Anton (Licensed Massage Therapist at 200 Jefferson Way, Wilmington) was the big raffle winner at a recent Women In Business Networking event.(NOTE: The above information & photos were submitted by the Wilmington-Tewksbury Chamber of Commerce.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington-Tewksbury Chamber Of Commerce To Co-Host ‘Women In Business’ Event On July 22In “Business”5 Things To Do In Wilmington On Monday, July 22, 2019In “5 Things To Do Today”Wilmington-Tewksbury Chamber of Commerce Gives ‘Welcome Bags’ To New ResidentsIn “Business”
Tata Group still derives 80% of its profits from only 20% of the companies in the group even as its chairman Cyrus Mistry tries to build more profitable units to trim down reliance on some companies for earning profits.India’s largest business house still earns a major chunk of its profits from Tata Consultancy Services (TCS), Tata Steel and Tata Motors, even though it owns about 100 companies. TCS and Tata Motors contribute to more than 90% of the profit earned by the group. While the standalone profit of Tata Sons trebled to Rs 9,062 crore in the last fiscal year ending March 2015, its consolidated profit rose 5% to Rs 19,180 crore. A sharp rise in the standalone profit was due to higher dividend from TCS, which posted 3.6% increase in profit for FY15.The Mumbai-based software major TCS handed out a dividend of Rs 15,474 crore to its shareholders last fiscal year, replacing state-owned miner Coal India as the highest dividend payer in the country.Tata Sons, which has a stake of 74% in TCS, was given a dividend Rs 11,450 crore, more than twice it earned in the previous fiscal year, 2013-14. The dividend was also slightly more than revenues earned by pharma giant Cipla in FY15.However, its consolidated profit in the last fiscal year was weighed down by stagnant growth of Tata Motors and Rs 3,925 crore loss incurred by Tata Steel.”Some of the Tata group companies have been under pressure owing to industry issues such as steel,” The Economic Times quoted AS Thiyagarajan, Singapore-based senior managing director at Aquarius Investment Advisors, as saying.”So, while there may not be overnight changes visible in terms of performance of other companies, the fact that Mistry is focused on consolidating and strengthening the performance of other group companies will help in the long term,” he said.Meanwhile, the market capitalisation of the 26 listed companies of Tata group has seen an increase of 46% to Rs 7.21 lakh crore since Mistry became the chairman of Tata Sons in December 2012.At an internal meeting held recently, Mistry reportedly stated that the group will focus on “building strength” over the next five years apart from “reconfiguring and reconstructing group businesses to be more resilient.””There are concerns that more companies in the group ought to be stronger and leaders in their respective sectors and the focus is to commit investments and focus towards that,” a senior Tata group executive said.