Neighbors in Waiting (Style Weekly)
Another thought-provoking businsess article from Peter Galuszka. The country’s real estate meltdown hasn’t just sparked a recession — it may have ended modern-day suburbia. Financing has tightened so much that buyers find they no longer qualify for the jumbo loans that they did just a few years ago. Developers can’t find underwriters for the millions of dollars they need to get the projects going. Meanwhile, shifting demographics suggest many people simply no longer want — and can’t afford — to live in giant subdivisions. It could be that outlying megaprojects such as Wyndham in Henrico and Woodlake in Chesterfield will be the last of their ilk, the last of the monster subdivisions.
New Kent is hustling growth (Virginia Gazette)
Commercial developers can take advantage of tax breaks, waivers on fees, permit refunds, and easing of environmental regs. That flies in the face of what James City is doing to control growth, and it exploits the perception that James City is anti-business. Anyone who does business in New Kent got a letter from the Economic Development office, announcing a new director and a slew of incentives.
Trying to Pitch Products to the Savers (NY Times)
The reluctance of consumers to spend — coupled with a sudden sharp rise in the savings rate — has left even the savviest marketers scrambling to reconsider their strategies.
Consumer Reports: The Best Chain Restaurants (TheStreet.com)
Not really business news, but interesting none-the-less: Diners gave 21 chains top marks for food including, The Original Pancake House, Bravo Cucina Italiano, Texas Roadhouse, Bonefish Grill, Morton’s The Steakhouse and Abuelo’s. At the other end of the spectrum, with lower marks across the board, were Buffalo Wild Wings Grill & Bar, Joe’s Crab Shack, and Friendly’s.
Pending home sales rise 6.7% in April (USA Today)
Pending sales of previously owned homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group Tuesday showed, supporting views the recession is easing.
In Search of Jobs, MBAs Take Off the Gloves (BUsinessWeek)
A dismal job market has MBA students, graduates, and alumni competing like never before. The only rule: There are no rules.
Chasing Down Large Accounts (Entrepreneur)
A good refresher: Ready to go after bigger business? Here are six ways to get you started and keep you going.
Neighbors in Waiting (Style Weekly)
Another thought-provoking businsess article from Peter Galuszka. The country’s real estate meltdown hasn’t just sparked a recession — it may have ended modern-day suburbia. Financing has tightened so much that buyers find they no longer qualify for the jumbo loans that they did just a few years ago. Developers can’t find underwriters for the millions of dollars they need to get the projects going. Meanwhile, shifting demographics suggest many people simply no longer want — and can’t afford — to live in giant subdivisions. It could be that outlying megaprojects such as Wyndham in Henrico and Woodlake in Chesterfield will be the last of their ilk, the last of the monster subdivisions.
New Kent is hustling growth (Virginia Gazette)
Commercial developers can take advantage of tax breaks, waivers on fees, permit refunds, and easing of environmental regs. That flies in the face of what James City is doing to control growth, and it exploits the perception that James City is anti-business. Anyone who does business in New Kent got a letter from the Economic Development office, announcing a new director and a slew of incentives.
Trying to Pitch Products to the Savers (NY Times)
The reluctance of consumers to spend — coupled with a sudden sharp rise in the savings rate — has left even the savviest marketers scrambling to reconsider their strategies.
Consumer Reports: The Best Chain Restaurants (TheStreet.com)
Not really business news, but interesting none-the-less: Diners gave 21 chains top marks for food including, The Original Pancake House, Bravo Cucina Italiano, Texas Roadhouse, Bonefish Grill, Morton’s The Steakhouse and Abuelo’s. At the other end of the spectrum, with lower marks across the board, were Buffalo Wild Wings Grill & Bar, Joe’s Crab Shack, and Friendly’s.
Pending home sales rise 6.7% in April (USA Today)
Pending sales of previously owned homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group Tuesday showed, supporting views the recession is easing.
In Search of Jobs, MBAs Take Off the Gloves (BUsinessWeek)
A dismal job market has MBA students, graduates, and alumni competing like never before. The only rule: There are no rules.
Chasing Down Large Accounts (Entrepreneur)
A good refresher: Ready to go after bigger business? Here are six ways to get you started and keep you going.