City of Richmond to loan Port of Richmond $1 million (Times-Dispatch)
The future of the Port of Richmond will get a big boost today with the acceptance of a $1 million loan from the city to keep the financially strapped operation afloat at least until spring.
Norfolk, VB considering online permit process (Inside Business)
The cities of Norfolk and Virginia Beach are looking toward allowing builders to apply for permits via the Internet. In fact, Virginia Beach residents and builders will be able to apply for permits online beginning in September, said Cheri Hainer, the city’s permits and inspections administrator.
Large auto group to acquire a rival Chrysler dealer (Virginian-Pilot)
Southern Hospitality Automotive Group, which owns the Greenbrier Chrysler Jeep dealership in Chesapeake, plans to buy its smaller rival, Green Gifford Chrysler Jeep Dodge in Norfolk.
With Squeeze on Credit, Microlending Blossoms (NY Times)
Before the economic collapse, microfinance — the granting of very small loans, mostly to poor people — was a concept most closely associated with the developing world. But tight credit and the recession have increased the demand for smaller loans in the United States, giving microlending a higher profile and broadening its appeal.
Can you expense a prostitute? Could folks in the Mad Men era? (Slate)
Just last year, a court ruled against a New York man who’d tried to claim around $400,000 in payments to prostitutes and massage therapists as tax deductions, asserting that his happy endings were a medical necessity. Prostitution is primarily deemed illegal by a web of state laws, and most of those haven’t changed since Don Draper’s day. But it being illegal wouldn’t prevent someone from submitting a reimbursement request internally.
VCs Stretched on Many Boards (WSJ)
Entrepreneurs looking for sage advice from their investors say they’re encountering a problem: Some venture capitalists are juggling too many companies.
The Turnaround Artist (Entrepreneur)
Jim Pohlad inherited a failing team–the Minnesota Twins–on the verge of disappearing from baseball. What saved it? Thinking like a small business.
City of Richmond to loan Port of Richmond $1 million (Times-Dispatch)
The future of the Port of Richmond will get a big boost today with the acceptance of a $1 million loan from the city to keep the financially strapped operation afloat at least until spring.
Norfolk, VB considering online permit process (Inside Business)
The cities of Norfolk and Virginia Beach are looking toward allowing builders to apply for permits via the Internet. In fact, Virginia Beach residents and builders will be able to apply for permits online beginning in September, said Cheri Hainer, the city’s permits and inspections administrator.
Large auto group to acquire a rival Chrysler dealer (Virginian-Pilot)
Southern Hospitality Automotive Group, which owns the Greenbrier Chrysler Jeep dealership in Chesapeake, plans to buy its smaller rival, Green Gifford Chrysler Jeep Dodge in Norfolk.
With Squeeze on Credit, Microlending Blossoms (NY Times)
Before the economic collapse, microfinance — the granting of very small loans, mostly to poor people — was a concept most closely associated with the developing world. But tight credit and the recession have increased the demand for smaller loans in the United States, giving microlending a higher profile and broadening its appeal.
Can you expense a prostitute? Could folks in the Mad Men era? (Slate)
Just last year, a court ruled against a New York man who’d tried to claim around $400,000 in payments to prostitutes and massage therapists as tax deductions, asserting that his happy endings were a medical necessity. Prostitution is primarily deemed illegal by a web of state laws, and most of those haven’t changed since Don Draper’s day. But it being illegal wouldn’t prevent someone from submitting a reimbursement request internally.
VCs Stretched on Many Boards (WSJ)
Entrepreneurs looking for sage advice from their investors say they’re encountering a problem: Some venture capitalists are juggling too many companies.
The Turnaround Artist (Entrepreneur)
Jim Pohlad inherited a failing team–the Minnesota Twins–on the verge of disappearing from baseball. What saved it? Thinking like a small business.