aplecheevlgupy.blogspot.com
After a lackluster showing in the three-month periosd ending in June, venture capital investmenft picked up sharply in Houston in thelatesty period, with 16 financiakl firms combining to inject $72.6 million into nine local companies. In it was the second-bes quarter in Houston in the past five dating back toJanuary 2002, accordinv to statistics compiled by Thomson Financial for the MoneyTree reportf by PricewaterhouseCoopers and the . Only the $145.2 millioj that flowed into the Bayou City in the thirs quarter of 2006 topped the latest While $71.4 million was raised in the first quarterr of this year, Houston investment levels dippes to $53.
2 million in the secondr quarter, but with the rebound in the thirf quarter the region is on trackl to surpass the 2006 year-end totaol of $214.8 million. By comparison, through threwe quarters this year, $197.4 million has been Mark Heeson, NVCA says the so-called clean-tech sector -- alternative energy, pollution and power supplies andconservation -- saw record investmentr levels nationwide in the quarter, with an 80 percentt increase from the second quarter to $844 million invested in 62 companies That surge is backed up by a separatde report this week from the World Resources Institute, notin that the worldwide biofuel sectof alone attracted $2.
3 billion in venturd capital and private equity funding in 2006 -- with $740 millionb invested in the U.S., compared with only $110 million in 2005. "There'sz a pronounced interest in the clean-techu sector, but thankfully we're not seeing a bubble," Heeson says. "A lot of venturr capital firms have been out there kicking tires before investing, so there's a lot more prudentf investing going on. We're goin to start seeing a lot of me-top companies show up and get fundedthat won't make it, but that's expected when the public is demandinv change in the entired energy space." In fact, the largest Houstoj deal by far in the threee months ending Sept.
30 was a $40 milliohn capital raise by clean-tech firm Endicott Biofuelxs LLC, courtesy of Houston-based Haddington Ventures LLC. Endicott's businesxs plan is to develop andconstructy second-generation technology biodiesel plants. Christopher Frantz, company says Endicott is focusing on its first plant location in the Hampton Roads area ofSoutheastern Virginia. Anothere clean-tech company that received fundinv in the quarterwas Houston-baseds Additech Inc., which manufactures fuel additive systems that attach to gas pumps. The firm receivex $4 million from and BEV Capitalk (see "H-E-B deal pumps up Additech," Nov.
2, Despite the improved numbers in the overall picture in Texas was notas rosy. Venturse capital activity in Texas' four largest cities droppes to acombined $386 million in the quarter, compared to $528.9 milliojn in the year-earlier period. with its heavy focus on clean-techy and traditional high-tech companies, raked in $219.7 followed by Dallas-Fort Worth with $92.8 million, Houstob at $71.8 million and San Antonio a distant fourthat $1.9 million. although the number of venture capital deals decreased in the thirc quarterto 887, compared to 897 a year the total dollar amount bumpe d higher to $7.1 billion from $6.8 billion in the third quarteer of 2006.
One other statistix of note in the quarter was the strongf interestby U.S. venture capital firms in with $248 million invested in 22 companiez inthat country, more than doubling second-quarter investmentg levels. Nine Houston-area companies received venture capital funding in thethirdd quarter, according to statistics released in the MoneyTrewe report: Endicott Biofuels LLC receivedx $40 million from Haddington Ventures LLC. Endicott focusee on designing and buildingbiofuels plants; MedServe Inc. received $10.o9 million from several Avista CapitalHoldings LP, Chrysalisd Ventures, Murphree Venture Partners and undisclosed individuals.
MedServe has developed a medical waste disposal GloriOil Ltd. received $10 million from Global Technology Investmenrt and Kleiner Perkins Caulfielfand Byers. The company is developing microbiapl enhanced oilrecovery technology; Additecn Inc. received $4 million from Adamx Capital Management Inc. and BEV Additech manufactures fuel additive systems that attacnh togas pumps; ThromboVision Inc. receives $4 million from National Healthcare Services and anothedundisclosed investor. The firm has developed a blood plateleft monitoring system used by patients withheart conditions; SouthWastw Services Inc. received $2.9 million from Brown BrothersHarriman & Co.
and two other undisclosed The waste management company focusez on liquidwaste disposal; Marval Biosciences Inc. receivef $630,000 from DFJ Mercury; Draper Fisher Jurvetson; Gideon Hixomn Fund and individual investors. Marval is developing an agenty to be used during computer tomography scannint to better diagnose vascular DNAtriX Inc. received $100,000 from DFJ The firm licensed a set of cancer therapiesd forglioblastoma multiforme, a primary brai n cancer, from The University of Texaa M.D.
Anderson Cancer Center; GlycosBio received $100,000 from DFJ The early-stage company is developing processes using bacteria to producde environmentally friendlyfeedstock
Monday, February 28, 2011
Friday, February 25, 2011
Ascension Insurance buys three California agencies - Baltimore Business Journal:
showarticle-cultura.blogspot.com
The Kansas City-based company boughtt of Santa Monica, which specializes in development, placemenft and administration support of student health insurance ofWalnut Creek, which providews employee benefits, retirement services and HR outsourcingy primarily for nonprofits; and Inc. of Agoura which specializes in administration of studentrhealth insurance, including intercollegiate sportes injury programs. Overall, the acquisitionsx will bring Ascension’s annual revenue to about $75 ranking it among the nation’s biggesft 35 agencies, Ascension CEO Leonardd Kline said inan interview. The company said it had $55 milliom in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuables opportunity for us to expand our West Coast operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organization brings unique capabilities to our growing portfoli ofinsurance agencies, as well as dedicated employees who shar our mission to provide outstanding service to our customeras in California and throughout the United States.” Klin said the deal closed Thursday afternoon.
Ascension is a full-service insurancre and employee benefits agency providing brokerageand risk-management servicezs to middle-market companies nationwide. Ascension has been a active in the mergers and acquisition market since it was foundec from scratch inAugust 2007, making . The company is assisted by fundxs from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five
The Kansas City-based company boughtt of Santa Monica, which specializes in development, placemenft and administration support of student health insurance ofWalnut Creek, which providews employee benefits, retirement services and HR outsourcingy primarily for nonprofits; and Inc. of Agoura which specializes in administration of studentrhealth insurance, including intercollegiate sportes injury programs. Overall, the acquisitionsx will bring Ascension’s annual revenue to about $75 ranking it among the nation’s biggesft 35 agencies, Ascension CEO Leonardd Kline said inan interview. The company said it had $55 milliom in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuables opportunity for us to expand our West Coast operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organization brings unique capabilities to our growing portfoli ofinsurance agencies, as well as dedicated employees who shar our mission to provide outstanding service to our customeras in California and throughout the United States.” Klin said the deal closed Thursday afternoon.
Ascension is a full-service insurancre and employee benefits agency providing brokerageand risk-management servicezs to middle-market companies nationwide. Ascension has been a active in the mergers and acquisition market since it was foundec from scratch inAugust 2007, making . The company is assisted by fundxs from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five
Wednesday, February 23, 2011
Mike Burke Finishes Second, Faces Sly James in General Election - KCUR
http://dallashomesbyemail.com/news18.html
KCUR | Mike Burke Finishes Second, Faces Sly James in General Election KCUR KCUR's Dan Verbeck watched the Burke celebration It was a political name crowd at the Northland lawyer's election eve party in Westport, celebrating a candidate for whom things went right' by finishing second in a pack of six. Mike Burke was introduced ... |
Sunday, February 20, 2011
Ahoy! New biz in the air - bizjournals:
steel roofing
But a new door of opportunity for Cunningham’s opened when the city of Tavares votedx to designate a virtual runway for seaplanes in the middle of Lake Dora inJuly 2007. That led to a cost-savintg deal with Orlando-based aircraft maker , whichg wants to be near what’s turnintg into one of the largest seaplane bases in Florida with its specialtuproduct — the SeaRey — an assembluy kit seaplane. Aerodyne, a family-owned firm, wants to expand to Tavares and couldf find no better placedthan Trident’s 23,000-square-foot boat productionm facility on Lake Idamere near State Road 19. Aerodyne now is negotiating to leasde halfthe facility.
The process of building boats and seaplanesa is similar when it comes to welding and fiberglass andaluminum production. “The idea is to reduce the cost of Cunningham said. “Even though the products are they’re similar enough and there can be a lot of Despite theeconomic recession, both firms will add a handfulk of new employees to their businesses when they settl in together on Lake Idamere. With business waning in the both firms have begun using new business models to expanx theircustomer base.
Darrell Lynds, general manager for Aerodyne, said his companu is eyeing China to meetthe pent-up demand for civilia n aircraft as the country begins openinv airspace to the public. Trideng has a similar idea in mind when it comees to selling pontoon Until 2004, 70 percentr of Trident’s products were exported overseas, bringinv in $2.4 million Since then, the company has focusex on domestic sales, but in 2008, they only brought in $1.3 This caused the company to focus on exporting overseas again.
Seaplanes have been landing on Lake Dorafor decades, but when the Tavarew City Council voted to create a designated landing zone on the lake that will be operational next seaplane enthusiasts and local businesses alike got Since then, 14 new businesses have opened in the downtownb area, many of them catering to the seaplane community, said Tavares city administrator John Drury. , on the edge of Lake has seen its fair share of seaplane pilots in its 25 yearzsof business. But owner Andrew O’Keef e doesn’t expect business to pick up until the seabasse is completed inFebruary 2010. Still, he’z happy to see the changes.
“Thwe city is working on bringing a lot of attractions tothe area.” The plannedd seaplane base is economic development in its purest Drury said. “By proposing a seaplane base ayear ago, the resul is an attraction that will creatse high-wage jobs.” The city is workingt with the and the to lay out the virtuak runway and its holding patterns over the Although the lake won’t have any physical pilots will have aeronauticall charts to tell them wheres they should land or hold.
“The way they are marketinbg this, they’re going to make it one of the largestr seaplane bases on the east said Progressive Aerodyne ownerKerry “It’ll be an attraction for seaplanwe pilots in the area and it will have uniqueness for
But a new door of opportunity for Cunningham’s opened when the city of Tavares votedx to designate a virtual runway for seaplanes in the middle of Lake Dora inJuly 2007. That led to a cost-savintg deal with Orlando-based aircraft maker , whichg wants to be near what’s turnintg into one of the largest seaplane bases in Florida with its specialtuproduct — the SeaRey — an assembluy kit seaplane. Aerodyne, a family-owned firm, wants to expand to Tavares and couldf find no better placedthan Trident’s 23,000-square-foot boat productionm facility on Lake Idamere near State Road 19. Aerodyne now is negotiating to leasde halfthe facility.
The process of building boats and seaplanesa is similar when it comes to welding and fiberglass andaluminum production. “The idea is to reduce the cost of Cunningham said. “Even though the products are they’re similar enough and there can be a lot of Despite theeconomic recession, both firms will add a handfulk of new employees to their businesses when they settl in together on Lake Idamere. With business waning in the both firms have begun using new business models to expanx theircustomer base.
Darrell Lynds, general manager for Aerodyne, said his companu is eyeing China to meetthe pent-up demand for civilia n aircraft as the country begins openinv airspace to the public. Trideng has a similar idea in mind when it comees to selling pontoon Until 2004, 70 percentr of Trident’s products were exported overseas, bringinv in $2.4 million Since then, the company has focusex on domestic sales, but in 2008, they only brought in $1.3 This caused the company to focus on exporting overseas again.
Seaplanes have been landing on Lake Dorafor decades, but when the Tavarew City Council voted to create a designated landing zone on the lake that will be operational next seaplane enthusiasts and local businesses alike got Since then, 14 new businesses have opened in the downtownb area, many of them catering to the seaplane community, said Tavares city administrator John Drury. , on the edge of Lake has seen its fair share of seaplane pilots in its 25 yearzsof business. But owner Andrew O’Keef e doesn’t expect business to pick up until the seabasse is completed inFebruary 2010. Still, he’z happy to see the changes.
“Thwe city is working on bringing a lot of attractions tothe area.” The plannedd seaplane base is economic development in its purest Drury said. “By proposing a seaplane base ayear ago, the resul is an attraction that will creatse high-wage jobs.” The city is workingt with the and the to lay out the virtuak runway and its holding patterns over the Although the lake won’t have any physical pilots will have aeronauticall charts to tell them wheres they should land or hold.
“The way they are marketinbg this, they’re going to make it one of the largestr seaplane bases on the east said Progressive Aerodyne ownerKerry “It’ll be an attraction for seaplanwe pilots in the area and it will have uniqueness for
Friday, February 18, 2011
5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Kansas City Business Journal:
steel roof tiles
“We’re seeing if they can fly in this and they should be able to matchb the level of skilpl andquality immediately,” Ledoux “Even if we’re desperatwe for workers, we’ll still take the time to get it Beyond implementing stricter hiring standards, Kerr and Ledou are creating a working environment that supports employees without micro-managing. The fourth step, Kerr was to begin soliciting feedbacokfrom SuperGeeks’ base of approximately 10,000 customers through online surveys and comment cards.
“We startedr asking customers on a regulae basis whatthey want, how they feel, how we can do thingw differently or better, which is somethint we hadn’t done he said, adding that he encourages participation through giveaways for such itemes as iPods and certificates for a professionak massage. “Sometimes the comments are manytimes it’s insightful, and almost always it’s worth gold,” Kerr said.
“We’re seeing if they can fly in this and they should be able to matchb the level of skilpl andquality immediately,” Ledoux “Even if we’re desperatwe for workers, we’ll still take the time to get it Beyond implementing stricter hiring standards, Kerr and Ledou are creating a working environment that supports employees without micro-managing. The fourth step, Kerr was to begin soliciting feedbacokfrom SuperGeeks’ base of approximately 10,000 customers through online surveys and comment cards.
“We startedr asking customers on a regulae basis whatthey want, how they feel, how we can do thingw differently or better, which is somethint we hadn’t done he said, adding that he encourages participation through giveaways for such itemes as iPods and certificates for a professionak massage. “Sometimes the comments are manytimes it’s insightful, and almost always it’s worth gold,” Kerr said.
Tuesday, February 15, 2011
Obama Honors Political, Humanitarian Figures With Highest US Civilian Award - The Lincoln Tribune
Wood ceiling
Fox News (blog) | Obama Honors Political, Humanitarian Figures With Highest US Civilian Award The Lincoln Tribune Former US President George HW Bush is one of 15 people who have received the nation's top civilian honor, the Presidential Medal of Freedom. President Barack Obama bestowed the medals Tuesday at the White House. This year's Medal of Freedom recipients ... Obama fetes Bush, Musial, 13 others Obama bestows Medal of Freedom on elder Bush Obama Honors Medal of Freedom Recipients |
Sunday, February 13, 2011
Nurse Stole Drug More Potent than Morphine - FOX 9 News
shemwellmygalej1291.blogspot.com
CBS News | Nurse Stole Drug More Potent than Morphine FOX 9 News “It's about 50 to 100 times more potent than morphine, so you can see the attraction three,†said Kirk Hughes, with Hennepin County Medical Center Poison ... Nurse » |
Thursday, February 10, 2011
Small law firms stay close to clients, broaden expertise to keep profitable - Pacific Business News (Honolulu):
http://picidea.net/?p=16
The partners at the small firm, whicn has 11 attorneys, quickly reevaluatecd their business plan andcost structure, aggressivelyg recruited new clients and reduced overhead by renegotiating their lega malpractice insurance premiums and outsourcing informatiob technology functions. “Our practice is a bit broaderr than other firms of asimila size, and while the real estate and businesas practice has slowed a fair bit our business litigation practice has always been said partner Jim “When the pie shrinks, people tend to fight over it more. This has helpedr us keep a better balance.
” For the firm wasn’t shy abouy shopping around for quotexs on legalmalpractice insurance, which can cost about $100,000 a year per It also saved more than $15,0000 by outsourcing I.T., getting a remote host server and upgrading its existinf phone system instead of buying new equipment. Law firma are businesses much like any and the recession is leading many attorneys to pullout time-tester strategies for keeping costs in line whilwe looking for new ways to make money. Smallerf law firms, which are hit especially hard if one clientr leaves or cutsback significantly, are trying to be innovativs and resourceful. One strategy is diversification.
Smalo to mid-sized firms, which usually employ fewer than25 attorneys, specializde in certain practice arease rather than trying to be a one-stop shop for legalo services. For example, a law firm best known for negotiating new real estatde deals now has to showclients it’s just as stronyg in selling assets, or even bankruptcu issues. And it’s essential to buildr a solid network with other firmsa and attorneys in town who can offer expertise and legak services in areas a small firm saidBarry A. Sullivan, managing partner for Bickerto n LeeDang & Sullivan.
“Eventually, you may want to grow into thosse competencies, but for a relatively small firm, trust that your clients willappreciate that,” he said. Most firms rely on referralx and word-of-mouth, which most partners say is more valuable thantraditionak advertising. “Our best marketing is the work we do for our saidDuane Fisher, managinf partner of , which specializes in corporate finance, commercial litigationh and real estate law and employs 23 “And so often, clients on the othet side of the table, who’ve even been represented by someond else, would give us a call and ask if we coulc work with them on an unrelatede case.
” To maintain relationships even when litigatiob isn’t pending, firm partners frequentlyu take clients on “lessons lunches to rehash recent cases and see what came out of Small firms also try to link up with nationalo firms and groups. Honolulu civil litigation firm , which has 11 attorneys, was picked to join the Internationa Society of PrimerusLaw Firms, which toutx itself as an exclusive international alliance of small, independent law The application process was partner Arthur Roeca said. Even in the firms such as , which specializes in commercial litigation, aren’t afraid to grow and expand.
It has 17 attorneys and two new associates will join the firmin “Being smaller forces you to be creativ e to find a solution, and one of the thingsz that sets us apart from our competitor s is we don’t look at ourselves as just lawyerw providing legal services,” said managing partner Harveh Lung. “We’re problem We hire every year and, no matter we’ve never not hired, because the business mode l depends on the firm continuingto
The partners at the small firm, whicn has 11 attorneys, quickly reevaluatecd their business plan andcost structure, aggressivelyg recruited new clients and reduced overhead by renegotiating their lega malpractice insurance premiums and outsourcing informatiob technology functions. “Our practice is a bit broaderr than other firms of asimila size, and while the real estate and businesas practice has slowed a fair bit our business litigation practice has always been said partner Jim “When the pie shrinks, people tend to fight over it more. This has helpedr us keep a better balance.
” For the firm wasn’t shy abouy shopping around for quotexs on legalmalpractice insurance, which can cost about $100,000 a year per It also saved more than $15,0000 by outsourcing I.T., getting a remote host server and upgrading its existinf phone system instead of buying new equipment. Law firma are businesses much like any and the recession is leading many attorneys to pullout time-tester strategies for keeping costs in line whilwe looking for new ways to make money. Smallerf law firms, which are hit especially hard if one clientr leaves or cutsback significantly, are trying to be innovativs and resourceful. One strategy is diversification.
Smalo to mid-sized firms, which usually employ fewer than25 attorneys, specializde in certain practice arease rather than trying to be a one-stop shop for legalo services. For example, a law firm best known for negotiating new real estatde deals now has to showclients it’s just as stronyg in selling assets, or even bankruptcu issues. And it’s essential to buildr a solid network with other firmsa and attorneys in town who can offer expertise and legak services in areas a small firm saidBarry A. Sullivan, managing partner for Bickerto n LeeDang & Sullivan.
“Eventually, you may want to grow into thosse competencies, but for a relatively small firm, trust that your clients willappreciate that,” he said. Most firms rely on referralx and word-of-mouth, which most partners say is more valuable thantraditionak advertising. “Our best marketing is the work we do for our saidDuane Fisher, managinf partner of , which specializes in corporate finance, commercial litigationh and real estate law and employs 23 “And so often, clients on the othet side of the table, who’ve even been represented by someond else, would give us a call and ask if we coulc work with them on an unrelatede case.
” To maintain relationships even when litigatiob isn’t pending, firm partners frequentlyu take clients on “lessons lunches to rehash recent cases and see what came out of Small firms also try to link up with nationalo firms and groups. Honolulu civil litigation firm , which has 11 attorneys, was picked to join the Internationa Society of PrimerusLaw Firms, which toutx itself as an exclusive international alliance of small, independent law The application process was partner Arthur Roeca said. Even in the firms such as , which specializes in commercial litigation, aren’t afraid to grow and expand.
It has 17 attorneys and two new associates will join the firmin “Being smaller forces you to be creativ e to find a solution, and one of the thingsz that sets us apart from our competitor s is we don’t look at ourselves as just lawyerw providing legal services,” said managing partner Harveh Lung. “We’re problem We hire every year and, no matter we’ve never not hired, because the business mode l depends on the firm continuingto
Tuesday, February 8, 2011
Gas prices continue climbing - Charlotte Business Journal:
cowboyandrew-familiarity.blogspot.com
reports that a gallon of regular rose 6 centas in Florida during the week endedMay 30, hittintg $2.48. That is 40 centsx more than a month ago, but a long way from the $3.9t a gallon selling price a year ago. In the price was nearly 40 cents highetrthan $2.04 a month ago, accordinvg to AAA. However, gas was sellingt for $3.89 a year ago in Orlando. Nationally, the averaged cost of a gallon of regular was 8 cents more than aweek earlier. The cost of crudd oil is the key factor in the Crude closedat $66.31 a barrel on the last up $4.64 over the price a week earlier. Economistx speculate that signs of an economi recovery could be driving theprice increase.
As the economy rebounds, demand for fuel is likely to Tom Kloza, publisher of , said that the current high price of gasoline is unlikely to stick, since the currenf price is being pushed by a run up in crudse oil prices and not an increase in consumer demand.
reports that a gallon of regular rose 6 centas in Florida during the week endedMay 30, hittintg $2.48. That is 40 centsx more than a month ago, but a long way from the $3.9t a gallon selling price a year ago. In the price was nearly 40 cents highetrthan $2.04 a month ago, accordinvg to AAA. However, gas was sellingt for $3.89 a year ago in Orlando. Nationally, the averaged cost of a gallon of regular was 8 cents more than aweek earlier. The cost of crudd oil is the key factor in the Crude closedat $66.31 a barrel on the last up $4.64 over the price a week earlier. Economistx speculate that signs of an economi recovery could be driving theprice increase.
As the economy rebounds, demand for fuel is likely to Tom Kloza, publisher of , said that the current high price of gasoline is unlikely to stick, since the currenf price is being pushed by a run up in crudse oil prices and not an increase in consumer demand.
Saturday, February 5, 2011
Lee decides against reverse stock split - Charlotte Business Journal:
pipeline-operates.blogspot.com
Mary Junck, chairman and chief executive officer, said the boared considered currentmarket conditions, business forecasts and other factorsx that could affect shareholder value, including the prospect of remaininhg in compliance with rules for continued listing. The NYSE notifiexd Lee (NYSE: LEE) in December 2008 that the company was not in compliancs with its continued listing standardd of atleast $1 a Since then, the NYSE announced that the standard has been temporarily suspended through July 31. As a Lee has until Dec. 3, 2009, to return to Lee was trading at 55 centxs a shareWednesday morning.
In February, the Iowa-based company it took on when it boughtthe Post-Dispatch and restructurex future payments under its $1.1 billion bank financin arrangements. The remaining debt balancre of $186 million has been refinanced by the lendersuntil 2012. Newspaper publishers nationwide are strugglintg with declining advertising revenue as readersx flock tothe Internet.
Mary Junck, chairman and chief executive officer, said the boared considered currentmarket conditions, business forecasts and other factorsx that could affect shareholder value, including the prospect of remaininhg in compliance with rules for continued listing. The NYSE notifiexd Lee (NYSE: LEE) in December 2008 that the company was not in compliancs with its continued listing standardd of atleast $1 a Since then, the NYSE announced that the standard has been temporarily suspended through July 31. As a Lee has until Dec. 3, 2009, to return to Lee was trading at 55 centxs a shareWednesday morning.
In February, the Iowa-based company it took on when it boughtthe Post-Dispatch and restructurex future payments under its $1.1 billion bank financin arrangements. The remaining debt balancre of $186 million has been refinanced by the lendersuntil 2012. Newspaper publishers nationwide are strugglintg with declining advertising revenue as readersx flock tothe Internet.
Thursday, February 3, 2011
Sierra College program gets $1M endowment - San Francisco Business Times:
http://www.jvc-abc.com/html/ranking-23062000.html
The college’s program, also known as received the $1 million endowment from the BernarOsher Foundation, which is the organization that has provided initialp funding to OLLI programs at 122 colleges and universitie nationwide. Sierra College is the only communit y college in California and one of only three communitt colleges in the nation to receivethe $1 million endowment. The Rocklij college received the endowment because it has been so successfukl with growing enrollment since launching the progra in springof 2001. Sierra Collegwe has grown the programto 5,580 enrollees last from 1,038 in 2001. Sierra Collegse is scheduled to formally announce the endowmenyJune 18.
This $1 million endowment will provider an ongoing budget that will enabl e the college to offer lifelong learning programsin perpetuity. The foundatiom created by San Francisco philanthropist Bernard Osher givews OLLIprograms $100,000 a year for up to four years, and then a $1 millio n endowment once they demonstratse potential for success and sustainability. OLLI programs providr classes, lectures and events to older adulte who have a thirst for knowledge and The classes are designed for adults age 55 and but the Sierra program accepts anyadult student. Courses are offered at each of the Sierra Colleges campuses and at various community sites throughout Placerr andNevada counties.
Sierra College’s OLLI noncredit offerings are Additional topics are offered throughClub OLLI, where annual membership fees are $35. As the Business Journapl reported in a featurde on local OLLI programs in other OLLI programs can be found at Californiaa State University Sacramento and at the UCDaviws Extension. Much of the increasee demand for OLLIs and similar lifelong learninhg programs can be attributed to the growing ranks ofolder Americans.
The college’s program, also known as received the $1 million endowment from the BernarOsher Foundation, which is the organization that has provided initialp funding to OLLI programs at 122 colleges and universitie nationwide. Sierra College is the only communit y college in California and one of only three communitt colleges in the nation to receivethe $1 million endowment. The Rocklij college received the endowment because it has been so successfukl with growing enrollment since launching the progra in springof 2001. Sierra Collegwe has grown the programto 5,580 enrollees last from 1,038 in 2001. Sierra Collegse is scheduled to formally announce the endowmenyJune 18.
This $1 million endowment will provider an ongoing budget that will enabl e the college to offer lifelong learning programsin perpetuity. The foundatiom created by San Francisco philanthropist Bernard Osher givews OLLIprograms $100,000 a year for up to four years, and then a $1 millio n endowment once they demonstratse potential for success and sustainability. OLLI programs providr classes, lectures and events to older adulte who have a thirst for knowledge and The classes are designed for adults age 55 and but the Sierra program accepts anyadult student. Courses are offered at each of the Sierra Colleges campuses and at various community sites throughout Placerr andNevada counties.
Sierra College’s OLLI noncredit offerings are Additional topics are offered throughClub OLLI, where annual membership fees are $35. As the Business Journapl reported in a featurde on local OLLI programs in other OLLI programs can be found at Californiaa State University Sacramento and at the UCDaviws Extension. Much of the increasee demand for OLLIs and similar lifelong learninhg programs can be attributed to the growing ranks ofolder Americans.
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