Category Archives: Business News

Maine Prospers With New Markets Tax Program

Since 1905 the plant in Baileyville, Maine has been part of the state’s mostly rural economy. Today, thanks to funding from New Markets Tax Credits (NMTC), the Baileyville plant is thriving. They completed badly needed upgrades and expansions as a result of the NMTC investment, and were able to save 300 jobs, and add almost 100 more. The implementation of a New Markets Tax Credit moved Maine forward in creating new jobs and new opportunities for the state.

Attracting new industries, creating incentives to invest in the local economy, and building on the state’s natural resources, the program leverages private capital sources to develop growth and progress within the state. The creation of growth requires large amounts of capital; which Maine was not previously attracting. The NMTC prioritizes low-income areas overlooked by traditional funding sources and provides investors with a reason to invest.

Supported from its inception by Former-Senator Olympia Snowe, the NMTC concept was a game changer for the state. Since its introduction in 2001, the New Markets Tax Credit has become an integral factor in the viability and growth of the state’s economy, helping to move the Pine Tree State into a competitive position in the global market.
The program specifically targets communities with a statistically under-employed workforce, revitalizing hard-hit economies and giving new life to those communities. It provides the crucial financing to promote medium-sized and small businesses. The direct result is the creation of more than 1,500 new jobs within the state of Maine.

The encouraging success of the Maine NMTC program is magnified when you consider that it also indirectly triggers the addition of thousands more regional jobs, as a result of positive economic growth factors. By supporting crucial projects, the NMTC allows new investors to realize economic potential across diverse industries. It has improved the economic viability of a variety of enterprises in manufacturing, health care, agriculture and technology market sectors, as well as the hospitality industry, conservation, and the arts.

The confidence of early proponents of the measure is proving justified. The New Markets Tax Credit program is solving the problems of high poverty and unemployment. It is re-positioning formerly struggling communities as leaders in positive economic growth and development, and other states have joined Maine in implementing this remarkably successful plan. Alabama, Arkansas, Florida, Illinois, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, Ohio, Oregon, and Utah all now have NMTC programs like Maine.

How To Hire For Total Facilities Management

Hiring employees for total facilities management is quite simple when a company has asked for help from the proper sources. The companies that help with hiring will ensure that the proper employees have been chosen for each position, and this article explains how these employees are selected. The employees must be chosen to work in each part of the facility, and they must cover a range of skills from management to people working the factory floor.

Who Does This Work?

SourceAmerica, Total Facility, and Team Facilities all help with hiring, and these companies have placed thousands fo employees every year with their clients. They know how to ensure that a client is given the proper staff options for their businesses, and they will place employees who manage the facility, work on the ground and provide services to employees.

How Are Employees Chosen?

Employees are chosen and placed using an interview and vetting process that was created to help each company find the finest employees. These firms will place employees who match the profile the client wants, and they will choose employees who have experience in this industry. Someone who is new to the industry may be placed on the floor of the factory, and they will learn the industry while working.

SourceAmerica-How To Hire For Total Facilities Management

How To Hire For Total Facilities Management

Management Choices

Companies such as SourceAmerica will find managers who are familiar with the industry, and they will negotiate for the client where their salary and benefits are concerned. SourceAmerica will bring forward many people who have management experience, and they will allow their client to choose the person they prefer most.

What Does A Trade Organization Or Hiring Agency Do?

SourceAmerica, Cal Sierra Technologies, Total Facility Services and Team Facilities Incorporated will help you hire and place staff. These companies are skilled at finding the right people to work with your company, and they will show you the people you must hire to meet your needs. They will convert your needs into a simple list of candidates, and you may place these people anywhere you like.

SourceAmerica and companies like them will help companies hire for total facilities management. They will find people who are ready to work in each position in the building, and they will have the freedom to hire someone new at any time. The company will give their clients the staffing choice they need anytime they need.

Are You Looking For Reliable Real Estate Company For Your Personal Needs?

Washington DC filled with beautiful places to live. Washington DC split into four quadrants: Northeast, Northwest, Southwest and Southeast. If you’re considering making a move into this district, you should start doing thorough research so you can find a suitable place according to your preferences easily and cheaply. Below mentioned are few famous places that you can choose for your living:

Northwest
Georgetown
Adams Morgan
U-Street
Columbia Heights
DuPont Circle
Chinatown
Northeast
University Heights
Southeast
DC Armory
Eastern Market
Southwest
Buzzard Point

Now you would be in need of a real estate agent or company. A decade ago, searching for a reliable, efficient and trustworthy real estate company in Washington DC would have begun in an office of a local agent who deals in real estate or by doing a physical search in town. But now, numerous property searches begin on the web. A quick search through a search engine will likely to provide you plethora of results. If you found a property of your interest on the website, you can also view images of the property online and if the owner has uploaded a virtual image; you can also have a detailed view of that building and house. However, if you live in Washington, DC, below mentioned are few famous real estate builders in DC who can assist you with your real estate needs. Alyson Hannigan, Samuel L. Jackson, Katherine Heigl, Frank L. Haney, Taraji P. Henson are few of the famous celebrities who came from Washington DC.

Peterson Companies

It’s one of the largest real estate development companies in DC region that is privately owned and provides development services for office, residential, commercial and retail real estate. Peterson has managed, developed and leased above 30,000 residential units and is liable for few of the most successful and prominent mixed-use office and residential developments in Northern Virginia and Maryland.

Clark Construction

Clark Construction is a real estate company that works nationwide and offers an extensive base of services including development, construction, capital markets, investment management and property management. CC consistently ranked as a top multifamily builder in the DC region and also it has the honor to be the premier builders of military family housing, mixed-use communities, and luxury apartments. Since 1992 when Clark Construction founded, it made a broad portfolio of award-winning, nationally acclaimed communities on both coasts. There are many local projects are in its names such as Arena Stage, City Center DC, Walter Reed Military Medical Center, and much more.

The Bozzuto Group

This group is headquartered in the Washington, DC and is a specialized residential company for real estate needs. It provides an extensive range of services related to real estate throughout the Northeast and Mid-Atlantic. With over two decades of experience, the company has acquired, developed and built a huge number of apartments and homes throughout DC.

New Mall at the WTC a Glimmer of Hope

With the passing of the 15-year anniversary of 9/11, it is a great ray of hope that rises in the new World Trade Center Mall that opened on August 16th. Bill Hecht, COO of Westfield Corp.’s U.S. Division said it best when he stated that the location of the mall is a “symbol of hope, opportunity, progress and perseverance.”

From another viewpoint, Angela Ahrendts, Apple’s retailing chief said that, “When you look at how many people now live in the neighborhood, how many commuters work in the neighborhood and how many tourists now are coming to the memorial, emotionally it was a no-brainer and financially it was a no-brainer.” There are upwards of 60,000 residents that live within walking distance of the World Trade Center area.

The World Trade Center Mall is 365,000 square feet and will be occupied by over 100 stores including a new FordHub that Ford Motor Co. has set up as a showroom, not a dealership. With an expected 15 million tourists and over 300,000 daily commuters, the World Trade Center Mall is a testament to the strength and perseverance of the United States, New York, and Manhattan.

“It took a long time, but here we are,” Peter Lowy said. He is now co-CEO with his brother, Stephen,

Westfield said that security and safety will be of the utmost importance and will take the highest priority. Not only for themselves, but also for the Port Authority. Uniformed Police and Private Security will always be present to watch over the World Trade Center Mall and its visitors. Westfield went on to say that, “As with any high-profile public location and transit center, there are extensive security measures that have been put in place with law enforcement and others.”

In light of the devastation that rocked the world on 9/11 it is with much hope and excitement that new life is springing forth from the ashes. The new double-level structure is a symbol that we are resilient, we can overcome obstacles, no matter how large, we will stand together as a country and a community and rise above and beyond. The World Trade Center Mall is a symbol of all that we hold dear as Americans, truth, justice and the American Way.

 

 

The Best Real Estate Development Companies in Washington D.C.

The redevelopment industry in Washington D.C. is currently booming. Not only are developers looking for new and improved ways to develop land, but are also looking to do so with green technology that has been in high demand in Washington D.C. Current products are becoming popular such as the reconstruction of old neighborhoods that are near the capital. New Frank Haney projects will adhere to the walking community and will promote conservation and using energy and resources efficiently. Here is a list of some of the top developers in the city of Washington D.C.

1.) Peterson Companies

This company is one of the largest companies that is privately owned. This company offers services that are full integrated for building offices, commercial buildings, and even residential homes. As of present day, this company has been reported to be responsible for building over 30,000 residential homes that are popular to live in that consist of a great layout and green technology.

2.) PN Hoffman and Associates

The services provided by this company such as marketing services, sales, design, as well as construction are all of the highest quality and are constantly sought after. Since the start of this company in 1993, this company has been dedicated and has built over 28 developments in the Washington D.C. area. This company specifically specializes in mix-use development projects.

3.) Douglas Development

This company has a diverse portfolio of commercial offices, retail, and even residential projects that have been built over the years. Currently, the company is proud to announce that Douglas Development is responsible for almost 180 redevelopment projects in various types of development. This company especially likes to rebuild historic buildings. What this company does is not only preserve the historical appeal, but also creates a new and improved design that is centered around the historic neighborhoods and houses.

4.) Clark Construction

This company is most noted for being a nationally recognized real estate company that creates highly efficient homes that are conscious of energy usage. The services to use from this company include capital markets, development, construction, and even property management. For projects such as luxury apartments, this is the best company to choose from. This company is over 20 years old and is already and nationally ranked family brand name. For mixed-use communities and for family military housing, this has become the company to go to for the best choices.

Top Real Estate Companies To Contact In Washington DC Area

A major group of real estate companies has made the changes that are going on, in the Washington DC region. The building industry is now having sustainable and green technologies, which influence, how the new projects constructed are, and also on the redevelopment of the old ones. A guide to the five core companies (besides Frank L Haney), making the redevelopment boom in Washington area, will be mentioned here in a short while.

• PN Hoffmann and Associates

PN Hoffmann, with its affiliates and subsidiaries, offer construction, design, sales, and marketing, for both, mixed-use development and personal residential projects. The company boasts of completing successfully, more than 28 development projects in the District of Columbia region. PN Hoffmann combines exciting and latest architecture, with old existing neighborhoods. Logan Circle, Adams Morgan, the U Street Corridor and Penn Quarter are some of the neighborhoods; he has developed.

• Douglas Development

In 1985, Douglas Development Company was founded and a portfolio of commercial offices and mixed used residential properties, are featured by the company. This company has redeveloped a little over 180 projects. He did Chinatown’s Instore area from Verizon Center and Woodward & Lothrop buildings.

• Peterson Companies

This developer is one of the biggest, private possessed, real estate companies, in Washington area. Development services are offered fully, for residential, offices, commercial and retail property. Maryland and Northern Virgin are some of the places that the Peterson Companies developed, also some fruitful and prominent, mixed use offices and residential developments. Over 30,000, residential houses have been done by Peterson companies.

• Community Three Development

This company of Community Three Development, targets central Washington DC, to redevelop, underused real estate properties. Mount Pleasant, DC’s Capitol Hill, Logan Circle and Shaw, are the neighborhoods that got the touch of Community Three Development.

• Clark Construction

Clark Construction offers a broad base of services, including development, property management, capital markets and construction thoroughly combined national, real estate firm. It’s ranked as being among the great multifamily builders, nationwide. Luxury apartments, mixed-use communities and military family housing, have been built by this premier nation builder.

With this selection of top real estate companies, Washington DC has been made into having an urban lifestyle.

Who Developed Your Washington Office Building?

You’re ready to take that step into the ‘green’ building project. You will certainly need to do some research as to who would be able to help you accomplish this. You want to consider someone who knows about the legal aspects of what is an environmentally favored building.

With so many contractors bidding for your project, it helps to consider who developed the Washington office building that have been successful thus far. Keep in mind there are several steps to consider and how they have impacted the environment:

-Using building components that can reduce heating and cooling requirements
-Windows that promote saving energy
-Appliances and fixtures that reduce water usage
-Solar or wind powered energy
-Products that are low maintenance
-Use of recycling bins and compost systems
-Reduce or eliminate pesticide treatments
-LED lighting that doesn’t contain mercury
-Products that can reduce environmental impacts

Companies like JBG and Frank Haney have been considered a company who has experts in all areas of development like residential, retail and hotel as well as office areas. For over 50 years JBG Companies have managed and developed properties in the Washington Metropolitan areas. Their unified direction is creating and developing neighborhoods and the businesses that are needed. Being a member who prides itself being responsible and committed to improving the communities in which they build.

Lowe Enterprises has had a hand in over $1.5 billion of development of industrial, retail, multifamily and commercial properties. Their expert teams have properties valued at $1.0 billion that are in development at this time. They value the development of Washington DC and the communities that surround it. Their seasoned construction managers add knowledge and experience to the team. They know about development and what it takes to get you there.

When considering building in Washington DC, choose a contractor who has experience. Do research and ask for recommendations that will help your business. There are alot of contractors in the area, it’s up to you to decide who to trust with your new building. If you’re building ‘green’ it does make a difference on who you choose and how much experience they have in building environmentally favored buildings.

Tax credits that benefit the economy

When you consider the economy and how everyone is trying to make money, then you will no doubt hear about how tax credits are destroying the system and the loopholes need to be closed. The majority of the people that use all of the tax credits are the ones who probably don’t need them anyways. However, when you consider some of the projects that are out there, it actually makes sense that there are tax credits in place to benefit the economy and society as a whole. One such example would be the New Markets Tax Credit that supports the forest based economy.

When you think about supporting a forest based economy, you might not realize just how powerful this is. Aside from all of the benefits of having trees, woods, and general wildlife, there is so much more happiness that cannot be measured purely in economic dollars or profits and losses. However, when you consider the actual output that is generated by having forest based tax breaks, then you can see significant progress being made each and every day.

Some of the top examples of the projects that are used and pursued as a result of this tax break is that loggers will come in to subsidized financing. They can then haul away wood and trees that not only helps with everything from heating and building materials, but it also provides an economic stimulus to all of those workers who do the logging, transporting, and then those who even use the resources of wood just as an example.

In addition, by having more projects in the forest, the economic impact continues to grow further because more rangers will be needed, more project managers and compliance officers will also be involved, and even the people who do vehicle repair service and maintenance on the equipment and trucks will have more work to do.

In short, by putting out a little bit in the form of tax breaks, more people get to go to work and have jobs. That means more food on the table, less people on the social system, and more payroll tax dollars that will more than make up for the original tax breaks. While it might seem like it is an idea that only favors a few, you can easily see why some of these tax breaks actually wind up favoring so many individuals within the general economy as a result.

How Imaginative Methods Are Used To Acquire Real Estate

Real estate development is usually an area of interest for many people, but the ability to participate in the development is usually hard financially, unless you’re Franklin L. Haney. Many real estate owners did not use cash and cheque methods to own the top most, but they had to use other methods to obtain them. There are options to try of probably what one has imagined having the best property from real estate;

I. Using hard money- lenders are the option in real estate, but the efforts could not work if one overestimates the value of the property after some time.

II. Using home equities of established partnerships- home equities are also an option too where one receives a loan with free interest.

There are many options, but the best options fitting for most residents of Washington DC are their own government. The government has been giving the citizens great opportunities of real estate investments through the real estate development corporations with an association with the government. The major goal was to help all people have a chance to own real estate houses especially with the increased growth of communities in Washington DC. Some of the top most companies include:

Washington Realtors
Washington Realtors are a company with an intention of helping local residents of the Washington area obtains property at a price that is affordable for them. Most of the government properties are meant to help all persons get the proper settlement at a good price. The government of Washington since the 1980s has been trying to enable resettles of families through allowing middle-income earners save and through the savings with the government have the ability to get good housing.

WSDOT (Washington Real Estate Services)
The firm is there to coordinate all government relate estate properties and sell them at a price affordable to the middle-income earners. The advantage with WSDOT is that they have the opportunity to give an assurance of safety since the properties are government controlled.

LandCorp
This is a property and land development agency with dealings with the governments in real estate. The firm has ensured that strategies to real estate ownership are smooth, and smooth procedures are followed to get the preferable and real estates.

Many citizens are afraid to participate in real estate associated with the government because of procedures. The Washington government, in this case, has chosen to be related to private developers so as to make people have the courage to buy government real estate properties which were mere imaginations.

An Exciting New Program Stimulates Job Creation in Maine

The State of Maine implemented a statewide program of tax credits based closely on the United States Government’s New Market tax credits program. The CEO of CEI Capital Management LLC, Charles J. Spies III, recently praised this program in a letter reported in the online publication The Forecaster.

Benefiting Maine

Essentially, the state’s New Markets tax credit provision rewards companies that invest in Maine by enabling investors to seek tax credits. This program stimulates investment.

Incentives exist when financiers invest money for work on projects located within the borders of the State of Maine. Recently, three projects covered by the plan received favorable public comment in the “Short Relief” column authored by Haley Frank. Mr. Spies extolled them in his letter for assisting the local economy. These projects based in The Pine Tree State reportedly received input from CEI Capital Management LLC. They occurred under the auspices of the Gulf of Maine Research Institute, Portland Public Market and Farnsworth Museum.

Some Federal and State Distinctions

Many investors have obtained tax credits under both the Maine and the federal New Markets programs. At least two significant differences exist between the state and the federal versions, however. Unlike the federal program, the state’s tax structure envisions that investors must obtain approval from the plan’s Board of Directors in Maine before New Market tax credits will issue.

Additionally, the federal government does not furnish refundable tax credits, but Maine’s program does. An investor who does not possess any liability for taxes due in the State of Maine can therefore seek a cash equivalent by investing funds in projects within the state that receive approval for New Market tax credits.

Economic Stimulation

Mr. Spies reported that his firm’s activities helped reinvigorate the local economy in Maine with 22 unique projects furnishing a total of $274,000,000 in total New Market Tax Credits. These efforts helped preserve some 1700 existing local jobs, while also promoting the growth of over 450 construction positions in the state. Mr. Spires believes the projects offered valuable support in promoting renewable resources in forested parts of Maine, also.

He expressed the hope that the United States Congress would renew the federal New Markets tax credit program soon. His letter also urged state legislators to consider renewing the program at the state level very shortly, as well.