NewsFeeds 6.21.10

Richmond mayor proposes $1 million loan to help city’s port (Times-Dispatch)
With 80 percent of the port’s business gone and less than $500,000 in reserves, the commission will need help covering its $1 million annual operating budget until ongoing efforts to recruit new cargo traffic and property leases pay off, said M. David McNeel, executive director.

City pares vision for Chesapeake Conference Center (Virginian-Pilot)
The 13-year-old center was too staff-heavy for its size, hoteliers argued. It had a $40,000 travel budget. And most important, it was benefiting from thousands of dollars in lodging tax revenues but was pulling in little out-of-town business for Chesapeake hotels, they contended. The complaints did not go unheard.

DIA spurs area growth (Daily Progress)
The expected autumn arrival of more than 800 Defense Intelligence Agency employees in Charlottesville has convinced two area developers to hasten plans to build homes and office buildings. United Land Corp. and Fried Cos. Inc. officials say they will build additional residential and commercial properties aimed at enticing DIA employees. United Land, which sold the property in Albemarle County upon which the government is building the Rivanna Station Joint Use Intelligence Analysis Facility military complex, is considering building another research center and office suite nearby.

A Credit Crunch That Lingers (WSJ)
Forget the improving economy. Entrepreneurs still find it hard to get loans. Here’s why we’re in this mess—and how we may get out of it.

Subprime for Students (Slate)
Why does so much federal money go to for-profit schools—and what happens when the system crashes?

A Day in the Life of a Social Entrepreneur (Inc.)
Blake Mycoskie, founder of Toms Shoes, built a lifestyle business based on social entrepreneurship.

The Entrepreneur’s Guide to Health-Care Reform (Entrepreneur)
Before you worry too much about the changes, know that if your business has fewer than 50 employees, there are no penalties if you don’t provide insurance, even after the law goes into full effect in 2014.

Richmond mayor proposes $1 million loan to help city’s port (Times-Dispatch)
With 80 percent of the port’s business gone and less than $500,000 in reserves, the commission will need help covering its $1 million annual operating budget until ongoing efforts to recruit new cargo traffic and property leases pay off, said M. David McNeel, executive director.

City pares vision for Chesapeake Conference Center (Virginian-Pilot)
The 13-year-old center was too staff-heavy for its size, hoteliers argued. It had a $40,000 travel budget. And most important, it was benefiting from thousands of dollars in lodging tax revenues but was pulling in little out-of-town business for Chesapeake hotels, they contended. The complaints did not go unheard.

DIA spurs area growth (Daily Progress)
The expected autumn arrival of more than 800 Defense Intelligence Agency employees in Charlottesville has convinced two area developers to hasten plans to build homes and office buildings. United Land Corp. and Fried Cos. Inc. officials say they will build additional residential and commercial properties aimed at enticing DIA employees. United Land, which sold the property in Albemarle County upon which the government is building the Rivanna Station Joint Use Intelligence Analysis Facility military complex, is considering building another research center and office suite nearby.

A Credit Crunch That Lingers (WSJ)
Forget the improving economy. Entrepreneurs still find it hard to get loans. Here’s why we’re in this mess—and how we may get out of it.

Subprime for Students (Slate)
Why does so much federal money go to for-profit schools—and what happens when the system crashes?

A Day in the Life of a Social Entrepreneur (Inc.)
Blake Mycoskie, founder of Toms Shoes, built a lifestyle business based on social entrepreneurship.

The Entrepreneur’s Guide to Health-Care Reform (Entrepreneur)
Before you worry too much about the changes, know that if your business has fewer than 50 employees, there are no penalties if you don’t provide insurance, even after the law goes into full effect in 2014.

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