Shipyard plans to hire 1,000, invest $200M to double sub production (Daily Press)
Northrop Grumman Corp. plans to increase the number of workers on its submarine-building program by up to 1,000 and invest more than $200 million in facility improvements to prepare for building two subs per year starting in 2011.
Norfolk losing millions on unpaid property taxes (Virginian-Pilot)
The city has a huge backlog of seriously delinquent properties, due to lax collection practices and an outdated tax sale system. Hundreds of homeowners and land owners haven’t paid property taxes in years – some in decades, leaving the city out of $13 million that could ease budget problems.
Expect lots of government layoffs at state, local level (USA Today)
Here’s another headwind for a sputtering job market: State and local governments plan many more layoffs to close wide budget gaps. Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody’s Economy.com.
12 Tech Must-Haves (Entrepreneur)
All the essentials for about $2,000 (cool chair included).
Stimulus: Life or Death for Some Small Firms (Business Week)
Federal stimulus spending sparked a political debate that may never be settled. But for many business owners, it made all the difference, says James Warren.