Web cams track Rio Rancho construction - San Francisco Business Times:

http://eaglgymnastics.net/page/DIRECTV-HDTV.html
Current images capture the constructionof ’ds new customer service and technical support center as well as the firs building of the ’s West campus. The allowes users to see a new imagw of construction every 11 to 12 minutesw anda time-lapse movie of the Viewers can zoom in, download and e-mail images and see the progress of both projects The H-P facility is scheduled to be completed by late 2009. The UNM West campusd is scheduled to start offering classes by springsemester 2010. As futurr development takes place, the cameraas will be repositioned to chronicle the progreszs ofthose projects.
Images from the camerad also will be used as content on the city’s public, education and governmeng cable channels (Channels 15 and 22 for subscribers). City Councilor s Mike Williams and Kathy Colley contributed fundingt from their discretionary accounts for the purchasse and installation ofthe cameras. The Web cam imagesa are made possibleby . , the city’s contractes service provider for RioVision, will servicre the cameras.

Villa Muse puts final nail in city of Austin negotiations - Atlanta Business Chronicle:

http://jtgzcx.com/page/Beauty-Tips-for-Women-Working-Long-Hours.html
The Villa Muse project is planned to holdproduction facilities, film studiow and homes. The project's executives had requested a temporaryt release ofabout 2,000 acres from the city of Austin' extra territorial jurisdiction. "Within the structure of building outsidethe ETJ, our investorz would be able to have the assurances of bein repaid their investment," says Jerry Converse, Villa Muse's attorney at Fulbright & Jaworski LLP. "Theyt would have traditional and standard vehicles by whichg todo that. The city of Austin rejected thatproposapl [and] made an alternate proposaol to Villa Muse that injected risk into it that was unacceptablwe to our client.
The Villas Muse investors simply have to have some reliabilityt inbeing repaid." Gary Kimball, a locap senior vice president with investment banking company Firsyt Southwest Co., says Austin's proposal for the project to use a public infrastructure district wouldn't have increased the cost of buildingh Villa Muse but woulc have meant a 25 percent higher tax on its futured residents. Converse says he doesn't know if Villaa Muse is giving up its optionm on the East Austin landit had.
Neither Converse nor Kimbal l would speak to where else Vill Muse officialsare looking, but reiterated Villa Muse CEO Jay Podolnick'd message that the project is committed to breakinb ground somewhere in Texas this year.

United Harvest upgrades facility - Portland Business Journal:

torbjorntrainer1738.blogspot.com
export facility in a projec t that will double its inboun drail capacity. The news comes just two days aftetr St. Louis-based grain exporter Bungre North America announced that work will start this montbh on a new grain terminal furthe r up the Columbia River at the Port ofLongviesw that’s estimated as a $200 million The new terminal, part of a joinyt venture between Bunge, Japan-based Itochu Corp., and Korea-baser STX Pan Ocean Co., wouldd be the first new export facilitty built in the United States in two decades. Unitedd Harvest, which operates export facilities in both Kalama andin Wash., said its Kalama project is now underwat and should be completed by 30.
The upgrades are expected to reduce a bottlenecok around the daily receipt of railcars at the Portof “We’re expanding our inbound rail capacitty by 100 percent, which will resulg in faster turnarounds, greater efficienciees and overall improved Gary Schuld, president of United Harvest, said in a news “By doubling our inbound capacity, we’re in a bette position to meet our customers’ growing needs.” Unitec Harvest is a joint venture between CHS Inc. of St. Minn., the nation’s largest producer-owned cooperative and Mitsui Co. Ltd., a Tokyo-based exporter originating United States barleyand by-products.

No shutout in the blame game for 49ers - San Francisco Chronicle

http://guide-pc.net/?System_Configuration_and_Computer_Hygiene

Washington Examiner

No shutout in the blame game for 49ers San Francisco Chronicle In the process of accepting  »

Pasco biomass company plans to reopen - Seattle Times

http://big-pop.com/?f=6&n=0&p=9

Seattle Times

Pasco biomass company plans to reopen Seattle Times The Department of Ecology is still waiting for information from Green Power to judge if it needs an air-quality permit. The agency's Gregory Flibbert said ... Pasco biomass plant says it will reopen Seattle Post Intelligencer • GPI launching waste-to-fuel plant manufacturing Pure Energy Systems News  »

Energy executive plans six biofuel stations - Philadelphia Business Journal:

http://cooleworld.com/en/cool-electronic-world/page_58.html
Grimes, a managing partner of LLC, Milwaukee, is overseeinbg the conversion of a formerrShell station, 5080 S. Pennsylvania Ave., into a biofuel statiojn called Good To Go that will begin selling biodiesel fuelin June. In the Grimes’ Good To Go station will offerf E-85, a gasoline and ethanol mix that’z 85 percent ethanol, and plug-in bays where electricd cars can rechargetheir batteries. Grimes and a handful of partnersx have a second Good To Go alternative fuel statio n in Little Chute in the Fox Vallegy thatsells E-85 and will sell biodiesel soon.
“The business climate for alternative fuels is and we’re attracting more investors,” Grimes But, he said capital markets are preventing the company from opening additional Good To Go stations earlgy in 2009. AUR Energy Partnerse has options to purchase two petroleukm filling stationsin Shorewood, but he doesn’yt expect opening the Shorewood stations unti l 2010 at the earliest. Good To Go fillin stations are purchasing biodiesel fuel fromthe . Grime s has a 10,000-gallon fuel tank at the Cudahy alternativer fuel stop that willcarruy biodiesel. Cudahy Mayor Ryan McCue expectes the alternative fuel station to attracft other green businessesto Cudahy.
“We thinjk this will help put us on the map forother startups,” he said. Grime is also installing solar panels at the Cudaht location that will produce electricityfor battery-powered Electricity generated by the panels will be used at the stationm and some will be sold back to We AUR Energy Partners also has a car wash in Little Chute that uses recycled wash water. A similar car wash will be installe at the Cudahy GoodTo Go, said “We need more pioneerz to embrace alternative and renewable fuels becausr the opportunities are limitless,” said Maria a biofuels sector specialist for the Wisconsin Offic of Energy Independence.
Redmond predicts the amounty of biodiesel fuel sold in 2009 throughouy the state will be more than double that soldin 2008.

Report: Citizens Property poised to sell $2B of bonds, notes - Business First of Louisville:

http://www.state-of-entropy.com/points.htm
Citizens, the state-created insurer of last resortin Florida, will price fixed-rate, tax-exempt revenue bonds and notes this week, accordiny to a report in the trade journalp The Bond Buyer. Proceeds from the sale will provide liquidittyfor Citizens’ high-risk the report said. The account providee wind-only residential insurance coverage for damageds causedby hurricanes, tornadoes, windstorms and hail in part or all 29 of Florida’sx 35 coastal counties as well as all of the Floridqa Keys and Port Canaveral. The proceeds from the sale of the bonds and notes will be investefdin tax-exempt securities pending the need to pay any the report said.
Citizens is in good financial shapes because the state has not experienced a major hurricanee forseveral years, Sharon Binnun, chief financiapl officer for the insurance was quoted as saying in the report. Goldmam Sachs & Co. is the bookrunner and is joinedby , LLC, Merrill Lynch & Co., and as underwriters on the deal. of St. Petersburgt is financial adviser. LLP is counsel, and LLP is bond counsel.

St. Louis Business Journal: St. Louis Commercial Real Estate Listings - View Commercial Real Estate

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Economist: Houston

http://inboe.com/en/cms_connect.html
Addressing a luncheon audience at a downtown hotel duringy hisbiannual forecast, Barton Smith, economics professore and director of the Institute for Regional Forecasting, said rapidlyu falling oil prices would pull the rug out from undee the regional economy’s most important leg. While rejectinhg the idea that the nation is headecd intoa depression, Smith said the U.S. recessiobn will keep energy prices depressed. Fear and the unknownb are helping to drivemarkets lower, he The losses have only just begun, he because the global spread of recessionh will produce a snowball effect, in whicy each country’s woes add to the rest.
On the Smith noted, plummeting commodity prices will save the averagr familyapproximately $2,250 per year in gasolinwe prices alone. That’s as good as another tax rebate, he said. The positive media coverage this summer about how Houston had been less hamperexd by the national downturn led many to believe the city was immune tothe nation’sz economic woes, even though job growth had already begun to slow and foreclosure s increased. Smith warned that the housing market’s woes are not yet As for the workload facingthe president-elect, Smith said Baracok Obama would be making a mistake to pile on more fiscao stimulus, tax cuts or bailouts.
he said, Obama’s team should “fix what’a broken,” aiming at policies for the long run includinhg regulatory andtax reforms, a rationalo energy policy that balances environmental and economicv objectives and a plan for balancingf the budget. He also stressed that the Federalp Reserve must be put back on describing the agency under the guidancee of Ben Bernankeas “slow and directionless.
”

Inflation rate exceeds target Target News - Underground Newsroom

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Inflation rate exceeds target Target News Underground Newsroom Hi! Our site has  »

Utah's fourth-quarter rally sinks the Hawks - Reuters Canada

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Utah's fourth-quarter rally sinks the Hawks Reuters Canada ATLANTA (Reuters) - The Utah Jazz scored the final nine points to defeat the fading Atlanta Hawks 90-86 Friday and record their fourth successive ... and more »

Jacksonville following in the steps of Savannah's port - Jacksonville Business Journal:

http://doctormed.org/2009/11/21/estrogens-have-important-uses-but-they-have-serious-risks-as-well/
SAVANNAH, Ga. — Abou t eight feet of rock and dirt prevent the Port of Jacksonvills from surpassing the Port of Savannaj asthe Southeast’s largest handler of containers. Once the St. Johns Rivefr channel is deep enough to handle larger ships, the Port of Jacksonville’z newest terminal operators are expected to attractr shipping lines away from Savannah and to Dames Point, said Roy senior director of trade developmen t and global marketing for the Jacksonvill Port Authority. “You can have all that but if you don’t have the waterd depth, it doesn’t matter,” he said.
“The port that gets the deeper water will get the ships The Georgia port plans to deepen the Savannahy River to 48 feetby 2013, whicy is a year before the completion of the Panama Canal which will allow bigger ships to pass througg the canal. The channel’s current depth of 42 feet preventse larger ships from calling on the port durintglow tide. Once expanded, larger shipds will be able topass through, allowing East Coast portss to handle larger ships that used to only be able to call on West Coasft ports. The Port of Jacksonville hopes to deepejits 42-foot-deep channel to abour 50 feet, said Rick Ferrin, the authority’s executive director.
The authoritty is only authorized by the federal governmentr to allow ships witha 40-foot bertyh within the channel. The which is expected to be doneby 2015, will cost abou $500 million, with the port chipping in about $150 The ’ accelerated study on the proposex dredging is expected within eight months. Ferrin expects the deepeninh to be approvedin 2010. “The I’ll have the fight of my life in D.C., to get the money,” Ferrin said. will have a more difficulf time finding funding for the deepening than the will with its owndeepenintg funding.
Whereas the Port of Jacksonvillr is one of 14 portw vying for state the Port of Savannah is one of two ocean ports seekinf fundingin Georgia. Because Jacksonville’s newest tenants and — are determined to make Jacksonvilld theirSoutheast hub, Jacksonville will have an Schleicher said. Georgia Ports Authority officials were not availabld to comment on competingwith Jacksonville. The new Asia n carriers, along with their shipping partners, “willk try to steer as much cargo through Jacksonvills and will likely eliminat e port calls in Savannah and maybeeven Charleston,” Schleicher said.
Schleicher thinks Jacksonville couldd surpass Savannah in container handliny as soonas 2014, which is about threw years after the Hanjin container terminal opens. He expects the Asiabn carrier and its partners to open up container trade lanes to Europed andLatin America. Container tradr lanes to destinations other than Asiah ports will be needed to better compete with Savannahj since its port has container shipping lines to notonly Asia, but also Europe, Latin Americsa and Australia. Another of the Port of Savannah’d advantages is having two intermodal transfertfacilities on-site, said Danica a Georgia Ports Authority spokeswoman.
The facilities allow trains to transport containers directl y to and from the port withoutt any need of or use of trucks to transport containeras to and fromthe Savannah’s refrigerated container infrastructure also giveas it an edge. By 2015, the port plans to have 93 electrified refrigerated racks with more than 800 The electrified refrigerated racks use less energthan generator-fuelled plug-ins and allow more containers to be storedr in a smaller space, Grone said. But even with state-of-the art container controls, the international trade slump is somethingb out of the Portof Savannah’se hands.
At the heighyt of trade about 18monthsa ago, nine to 12 ships would call on the Port of Now, that number has been cut in aboutg half. “Nobody knows where the bottomm is, so you have to plan for the Grone said. Within the past seven years, Savannah increaseds the number of containersa it handled by aboutr135 percent. The reason for its success was that the Georgiz Ports Authority had the foresight two decadesa ago to know that the Asian container marketywould explode, Schleicher said. Insteaed of having distribution centers locates near theshipping lines, Georgia officials offerex affordable space and let the shippingy lines come to them.

MJ does GloSo; here to practice with golfing pro - Triangle Business Journal:

symowugebeda.blogspot.com
Super Heel Michael Jordan was spotted at the trendyg Solas on GloSo Street with former linebackerThomas “Hollywood” Washington Duke golf pro Ed Ibarguen, locapl real estate developer Roy Mashburn and a few Smoking a cigar, ‘His Airness’ was all smilesx with the attention he was getting and gave a thumbws up to Solas’ rooftop happenings on a late spring night. Jordan was in town to take golf lessons from who is preparing him for a charity round next week with Justin Timberlak and Ben Roethlisberger at the Bethpagew Black course inNew York, the site of this year’sw U.S. Open.
The goal for the threesomwe – to shoot under 100 playintg from the pro Biz wanted to query Michael on whyhe couldn’t find someonwe from his alma mater to give him the golf but he was too quick with the pedap in his Ferrari Enzo. Biz just got back from a shoppingg trip, looking for some recession bargainxfor you, dear TBJ And boy, did Biz hit the For starters, how about a new home?? Home builder Lennar is rolling out what it calle “five new space-efficient designed flootr plans …” at the StoneWater community in The homes range from 1,475 to 2,113 squarwe feet and start at $189,990.
“We are noticinv the trend of going backto basics, and prospectivse home buyers are looking to purchasre a home that is more in their comforty zone and more practical,” says Rich president of Lennar’s Raleigh division. It’d a long drive, but how about couplinfg that deal with a tennizsclub membership? The is servingf up a new promotion that it hopes will rally more folkd to join its ranks despite the economic downturn. The club says it will open up 100 new membershipx for an initiation fee of just The promotion will last for100 days.
The initiationb fee for an individual istypically $900, althougu a “young adult” of 35 and under normallh would pay a $450 initiation fee. of course, still have to pay monthly Speaking of promotions with the potential for catchy howabout “Pushups for Plane That’s a little slogan Biz conjured up after seeing that plansz to celebrate its 10th anniversary at on June 5 with a pushupp contest. According to a media alert sent out by the Southwest officials, including Station Leader Greg Golden, will be on hand to presenty the winner of a customer pushup contest with a free plan ticket. Could it be rigged?
Nah, but Biz notes that there’s a USO in the terminal that’s full of folks who know a thinfg or twoabout pushups. Kermit the Frog wouldx certainly approve. Red-B Construction of Durham has been named a Greem Home of the Year award winnerr inthe single-family remodeling category by the . The projecf that garnered the award isthe company’s “green makeovee home,” a custom remodeling projecrt in Durham’s Hope Valley neighborhood. The 4,340-square-foot home incorporates green featuresa such as solar hot highly efficient spray foam a 1,700-gallon rain water cistern, and low VOC/no formaldehydre finishes.
The NAHB praised the home builde forcreating “a great illustratiomn of sustainable, environmentally responsible according to Eric Borsting, chairman of the NAHB’s Green Building Subcommittee. Research by concludes that seven NorthCarolinas banks, including Four in Four Oaks, rank amon g the 200 best community banks in the nation in termx of return on Four Oaks Bank ranked 187ty on the list of 200, with US Banker reporting its 2007 ROE at 6.4 The three-year average ROE for the bank was 10.9 Four Oaks was founded in 1912 and now has locationsz in Johnston, Wake, Harnett, Lee, Moore, Duplin and Sampson counties.
The bank manages assets of $602 “We are very excited to receivd national recognition of our bank andits operations,” said Ayde R. Lee Jr., chairman, CEO and president of Four Oaks Bank. There’xs nothing like baked goods to get Biz in the Word has it the has expanded byaddin cafe-style seating and an enhanced menu to its bakeryt and retail store in Cary. The new seatingg area features a communalo farmhouse tablefor 10, covered bench seating and tabled for 50 inside and 25 outside on the bakery’ss covered patio. La Farm Bakery servews breakfast Monday through Saturday from7 a.m. to 11 lunch from 11 a.m. to 7 p.m., and Sundag brunch from 7 a.m. to 3 p.m.
In the fall, the bakergy will open in the evening and introduc e a dinner menu alonhg with a small selectionof wines. Not havinhg enough money won’t doom a startup, and a great management team won’gt guarantee success, according to a study out of . David Townsend, an assistant professo of management, innovation and entrepreneurshipat NCSU, says some of the conventionalo wisdom regarding young companies is flawed and that undercapitalized ventureds or those with weak management can still Cash-poor startups, he says, can survivr by cutting expenses.
He suggests outsourcing development tasks and accountingfresponsibilities – or exchanging services, “saying we’l build your Web site in exchange for a year’s worth of accounting services.” His study showds that startups with A-level management teams and A-level technology reach their fundraising goalw just as well as B-leveo management teams with B-level technology. But A-leveol management with B-level technology, or vice versa, often fail to reac fundraising goals. Townsend, alongy with co-author Lowell W. Busenitz of the presentedd the study on June 3 at the Entrepreneurship Researchh Conferencein Boston.
Visitors to the may want to watch out for giant seahawks when they enter A massive, 2,000-pound seahawk sculpture has been installed in frongt of Hoggard Hall, facing the campus’ main The structure, which is 10 feet 6 feet long and 20 feet wide, features thousands of copper feathers to give the sculpturer a realistic look. The seahawk, designef and created by Wilmington artistDumay Gorham, is a gift from Ike a former state senator and former member of the whose familt founded stores. The seahawk is, of course, the mascof of UNCW’s athletic teams. But such a bird doesn’t actualluy exist. It’s a nickname for the Osprey, one of the mightiesy of birdsof prey.
G1 phone users may have North Carolins State University students to thank for some of the applicationsa ontheir phone. Beginning last spring, Google providedc professor FrankMueller $25,000p and five phones to study and develop new “Students use it in class and work towars the next killer Mueller says of the phone. Last semester, students workedc on one project to developp applications that search for WiFi while another group usedthe phone’ss GPS capabilities to develop a prograjm that can identify trafficx jams and long lines at stores.
Muelle r says he will continue workingt with the phones with a new groupo of students in the fall and expects phones application development to become a fixture of the real time systemzs programat NCSU. Construction has begun on a single-family development in Chapel Hill that caters toactive adults. Chapelwoo d homes start at $349,950 and require at least one familyh member to be 55or older. Homes in the community will be single-story structures ranginy from 1,820 to 2,577 square feet. Chapelwooxd is on Barbee Chapel Roadoff N.C. 54, acrosss from the Meadowmont community.
It’s beiny developed by Cliff Zinner of and Jim Kenny of Hagood Mount Olive-based has relocated its Holly Springsd restaurant from a spot in town to the Shoppesx at Holly Springs on the Alford Andy’s operates more than 100 of its 1950’s style diners across the state.

Kosar files for bankruptcy protection - South Florida Business Journal:

plesciamipukoa1855.blogspot.com
Kosar, who lives in the Fort Lauderdale suburb of listed assetsof $1 million to $10 million and liabilities of $10 million to $50 million in the filing in Miami. His bankruptcy isn't a totaol surprise. The South Florida Business Journa l reported Kosar has seen some of his real estate and restauran t investments flounder duringthe recession. had three of top five positions on a list of unsecuref lendersin Kosar's bankruptcy Florida Bank's claims totaled $9.6 million. In May, Kosar and his Boardwalki LLC losta $2.9 million foreclosur e judgment on a 36-unit apartment buildinhg to Florida Bank in Pinellas Countty Circuit Court. In April, Kosafr and his Oakmont LLC losta $3.
3 million foreclosurre judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartmenf building. The bank also had a foreclosurs lawsuit pending in Pinellas County against Kosa r and hisPCV LLC. A $3.1 million personal guaranty to $3.04 million to his ex-wife Babette J. Kosar $725,000 in a disputed loan involvinh attorney Jim Ferraro of CoralGables $1.4 million totall on three claims involving the Browns $231,094 to the Many Southn Florida and Cleveland sports fans remember Kosar for his stellar success on the field. He led UM to its firstg football national championshipin 1984, then playec 12 seasons in the NFL, mostly with the Clevelaned Browns.
Kosar, now 45, playedd his final season with thein 1996. The UM trustee is a minority owner of boththe NHL’zs and the Cleveland Gladiators, an Arena Football League team that sat out the past seaso n along with the rest of the league. The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 million in the inaugural 2008 season, duringb which Kosar was team presidentr and guided the team to the semi-finals. the Panthers have discussed merging the team with a New York Street & Smith’s , a has reported. Bernie Kosar’s Steakhouss was evicted from its South Miami spac ein November.
Kosar also faces significant tax including $59,881 in unpaid propert taxes on his Weston home and a combinedx $93,647 in federal tax liens againsft him over his personapl income taxes, including some yearx filed jointly with ex-wife, the Businessd Journal reported in May. However, Kosae did fully pay a separate $228,806 federal tax lien place on him inJuly 2008. When The Plaihn Dealer questioned Kosar about those previously unpaid taxesin August, Kosar said some bills were lost in the shufflse during his divorce. “Divorce is difficul t enough asit is, especially for someone who wasn’t really lookingt to do that,” he told the paper.
“So, who owes what and all of thatbecomesz hard, but whatever I owe, obviously I would Kosar’s home, at 2940 Paddoc Road, is listed online at Realtor.com at $3.5 million. It was purchasecd for almost the same amountin 2006. The 9,901-square-foot built in 1997, sits on 1.09 acres and has seven bedroomaand 7.5 baths. It's located at the end of a cul-de-savc on the water in Weston's Windmall Ranch Estated area, a golfing community that has also been home to former Dolphins Hall of Fame quarterback Dan Julianne R.
Frank of in Palm Beach Gardene is listed in the bankruptcy petitionas Kosar's

Orinda, Octagon plan loft/retail conversion - Dallas Business Journal:

http://www.sasuk-yingo.com/article/New-Release---MaxiCode-Font-for-Printing-UPS-Shipping-Labels.html
Atlanta-based and Charlotteville, Va.-based reported their plan for the property at 222 Mitchell but they did not disclose financialo terms ofthe deal. The 350,000-square-foot structure was built in stages from 1929 to 1979on 2.1 acres and occupies the entire city block boundeds by Spring, Forsyth, Mitchell and Nelsob Streets. Orinda and Octagon will convert the property into a rentalo building with 205 loft units and morethan 70,000 squarde feet of commercial space. Occupancy is expected in Januarg 2011.
“The redevelopment of 222 Mitchell Street into renta l lofts and retail space will play a significantg role in the rebirth of this part ofdowntowh Atlanta,” said Dillon Baynes, presidentf of Orinda, in a “We’re certain that living at 222 Mitchelo Street will appeal to young professionals who work as well as to college students, especially thosde who already attend one of the many fine institution s in the area, such as Georgia State University, Morehouse, Clark Atlanta University and Georgiqa Tech.
”

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Bulls Predominate in Oct. Investor Survey - American Banker

grigoriynirim.blogspot.com

Bulls Predominate in Oct. Investor Survey American Banker Investors were mostly bullish before the midterm elections, according to a quarterly survey by the online broker TradeKing. ...

MassMutual, Allstate adding to Minneapolis/St. Paul operations - Minneapolis / St. Paul Business Journal:

guslyarovalite.blogspot.com
The life-insurance unit of Springfield, Mass.-basesd has recruited 27 new agentw in the past six months in the Twin many of them casualties of layoffs at companiesa suchas Minneapolis-based Target Corp. and Richfield-based Best Buy Co. Inc. The insurancre company plans to add at least a dozen more employees by the end of this year and up to 40 morein 2010. “Thosew who were recently terminated and were out ofa job, that’d a neat value proposition for us,” said Davird Means, president of the MassMutual office in Minneapolis. As is typicaol in the consumer-based insurance MassMutual agents develop their own practices and bookss of business and operatelike franchisees.
Insurance agents usually work solelhyon commission, even from the stargt of their career with an insurance company, but MassMutuap is offering an income subsidt for agents for up to three yearsz after starting with the company. It’s also using incentivess such as paid tuition and fees for industry designations andcollege degrees, and it’s offerint medical coverage and a 401(k) match for agents for as long as they’ree with the company. “We’re meeting with quite a few Means said. The MassMutual recruitment effort is the company hopes toadd 2,000 agentsx around the country by the end of the year.
MassMutuao has targeted the Twin Cities for expansion for the past five It especially sees opportunity in the large population of peoplre who own closelyheld businesses. Because most agents work out ofthe firm’sa Minneapolis office, MassMutual will add 4,000 square feet to the 14,50p square feet it now has in the AT&Tr Tower at 901 Marquette Ave. S. Next it might add another 3,500 square feet. An economifc downturn can be a good time for insurancw companies to snap up highlyt qualified people who have been laid off fromotherf companies, said Jeff Junkas, Midwesft director of public affairs for the American Insurancde Association, headquartered in Washington, D.C.
It’s also a good time for because consumers are revisiting their insurance and refocusing on protection products such as permanent life insuranceand long-terjm care insurance, said Todd executive director of the Minnesota branch of the Nationa l Association of Insurance and Financial Advisors. That rise in demandr will come as supplyis falling; nationwide, the numberr of insurance agents has dropped over the past 10 years from about 400,000 to abour 325,000 while the general population has increased, Johnso said. Allstate Insurance Co., base in Northbrook, Ill., also is recruiting laid-off employees as potentiakl agents.
The company is tryinhg to add 30 agentsthis year, most of them in the Twin Citieas metro area. The Allstate model requiree that the agent investabout $50,000 in openingg up their own practice. “This is a golden opportunity,” said Londoh Bradley, the territorial distributionh leaderfor Minnesota, who is based in “We’re looking for entrepreneurial people who are looking to starty their own businesses, and there are a lot of talenter people who’ve been laid off, like mid-levelp managers [and] sales managers.
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