June, 2010Business News – San Antonio
Travelers throughout Texas have their sights on San Antonio this summer - San Antonio is expected to be the top summer destination for Texas travelers, according to a new travel study from AAA Texas. Austin ranked second in the study; Dallas ranked third. AAA Texas surveyed about 2,300 travelers throughout the state to produce its report. AAA Texas also found that 67 percent of people in Texas plan to drive to their summer hot spots this year, versus 58 percent in 2009 and 56 percent in 2008. http://www.bizjournals.com/sanantonio/stories/2010/05/31/daily27.html
Rackspace named 63rd largest global technology company – Rackspace has been named to the Bloomberg Businessweek global Tech 100 list of the top-performing technology companies. Rackspace (NYSE: RAX) earned the 63rd spot overall on the Tech 100 list. Rackspace was the only company based in San Antonio to earn a spot on the list. The company specializes in the fast-growing information technology fields of hosting and cloud computing. It ranked 34th for revenue growth among global technology companies and 11th for revenue growth among U.S.-based technology companies. http://www.bizjournals.com/sanantonio/stories/2010/05/31/daily4.html
Ortiz family invests in new West San Antonio pharmacy - Ortiz Pharmacy is opening up a new location in the heart of San Antonio’s West Side. The Ortiz family invested $1.7 million to develop the medical facility. The 9,000 square foot project also received a $40,000 economic development grant from the City of San Antonio to assist with construction. The new pharmacy will be open June 5.
The family worked with the Westside Development Corp. to develop this project. City officials are working to revitalize San Antonio’s West Side by supporting development projects on this impoverished side of town. http://www.bizjournals.com/sanantonio/stories/2010/05/31/daily24.html
San Antonio high-tech firm buys DTS Communications - Sigma Solutions Inc. has purchased a Tulsa, Okla., company that specializes in developing secure high-end wireless networks. Sigma Solutions President Scott Gruendler made the announcement on Thursday. Financial terms of the deal were not disclosed. Sigma purchased DTS Communications Inc. with the goal of expanding into the high-growth wireless sector. Sigma was founded in San Antonio in 1998. The company provides technology infrastructure and integration services. The company works with Cisco, EMC, Hitachi Data Systems, Oracle and VMware. http://www.bizjournals.com/sanantonio/stories/2010/05/31/daily28.html?surround=lfn
DPT invests $15 million in San Antonio drug facilities - DPT Laboratories Ltd. has completed a $15 million expansion of its 450,000-square-foot Center of Excellence for Semi-solids & Liquids in San Antonio. DPT, a pharmaceutical contract development and manufacturing company, says this new expansion creates a substantial increase in capacity for its bulk manufacturing and packaging areas, allowing the entity to support increased production demands. The majority of that infrastructure expansion includes two bulk manufacturing areas and the addition of three manufacturing production filling lines. DPT officials say other enhancements include the addition of clinical scale manufacturing capability for pressurized metered dose inhalers, improvements for light-sensitive materials and advanced air filtration and handling. DPT recently announced a strategic shift to create Centers of Excellence in each of the markets DPT has operations. Each focuses on a specific area of manufacturing expertise. The Semi-solids & Liquids Center of Excellence in San Antonio will focus on prescription and over-the-counter products. Aseptic manufacturing services will be provided at the Center of Excellence for Sterile & Specialty Products in Lakewood, N.J. The Center of Excellence for Research & Development in San Antonio will provide pharmaceutical development support for both manufacturing locations. http://www.bizjournals.com/sanantonio/stories/2010/05/24/daily19.html?surround=lfn
Road safety company expands to San Antonio - A Mexican road construction sign company has opened a new office in San Antonio with the goal of doing business in the United States. Sydsa, Señales y Dispositivos S.A. de C.V. is participating in the Free Trade Alliance International Business Development Center. Sydsa will initially create six new jobs in San Antonio. Eventually, company officials would like to establish enough business contacts in the United States to one day build a distribution center in the South Texas region.
Sydsa has been in business since 1996. The company makes orange construction signs and other signs that feature road safety messages. http://www.bizjournals.com/sanantonio/stories/2010/05/24/daily7.html?surround=lfn
Nighthawk Systems Changing Name to Video River Networks - Nighthawk Systems, Inc. (Pink Sheets:NIHK) (the "Company") announced today that it has begun doing business under the assumed name of Video River Networks as part of its previously announced agreement with Dutchess Private Equities Fund, Ltd. ("Dutchess") that settled all claims and counterclaims filed between Dutchess and the Company in January and February of this year. Under terms of the settlement, Nighthawk granted and assigned to Dutchess all personal and intangible assets, excluding cash, used by the Company's Power Controls Division, including intellectual property rights, domain names, contracts and customer relationships. The Company also agreed to change its name in due course, and has assigned the rights to the name "Nighthawk Systems" and its associated trademark to Dutchess. Video River (www.videorivernetworks.com) designs and manufactures a suite of IP set top boxes for use in hotels, casinos, cruise ships, hospitals, and digital signage applications. Scalable and flexible, our fan-less units can deliver 1080p source material at full resolution as well as the PC-like performance required by the latest software programs and in-room control products and services. Video River has partnered with hardware and software companies to provide digital content and services to customers around the world.
Cloud computing company opens doors in the US - UK hosting company Elastic Hosts has opened up a cloud computing facility in the US, claiming to be only the second company to offer cloud services on both sides of the Atlantic. The company has opened a facility in San Antonio and is set to take on Amazon as offering services to UK and US customers. Elastic Hosts offers on-demand capacity billed by the hour rather than a fixed term. Elastic Hosts CEO, Richard Davies, said that the company has been asked by its own European customers to open up a facility in the US and thought that the time was now ripe. http://www.networkworld.com/news/2010/060410-cloud-computing-company-opens-doors.html?hpg1=bn
Business News - Texas
Rebecca Klein Elected to Avista Corp. Board of Directors - Shareholders have elected Rebecca Klein, age 44, to the Avista Corp. Board of Directors for a term expiring in 2013. Ms. Klein is a principal of Klein Energy, LLC, a regulatory and government affairs consulting company. She also serves as Of Counsel to the law firm Tuggey Rosenthal Pauerstein Sandoloski & Agather LLP. Over the last 20 years Ms. Klein has worked in Washington, D.C. and in Texas in the energy, telecommunications and national security arenas. Ms. Klein's professional experience also includes service with KPMG Consulting (now Bearing Point). Since January 2008, Ms. Klein has served as chair of the board of the Lower Colorado River Authority, a public power utility owning generation, transmission, and water services across the central Texas area. In addition, she is chair of Power Across Texas, a non-profit organization that focuses on advancing information about clean, affordable and reliable energy in the state. She also has served as a commissioner with the Texas Public Utilities Commission and subsequently as chair. Ms. Klein earned a Juris Doctor from St. Mary's University School of Law in San Antonio, Texas. She also holds a Master of Arts degree in National Security Studies from Georgetown University and a Bachelor of Arts degree in Human Biology from Stanford University. She is a member of the State Bar of Texas.
Austin social game developer acquired - Austin Web games developer Challenge Games Inc. was acquired by a San Francisco games firm, according to an announcement Thursday. The Challenge office will now be known as Zynga Austin and function as a product development studio for Zynga, the creator of popular social networking games FarmVille and Mafia Wars. Terms of the acquisition were not disclosed. Challenge Games' co-founder CEO Andrew Busey becomes Zynga's general manager and vice president of the Austin studio. Challege was founded in 2007 and employs 35. In 2008, it accepted a $4.5 million investment from Sequoia Capital and it is also backed by Globespan Capital Partners. http://www.bizjournals.com/austin/stories/2010/05/31/daily33.html
The move comes less than a month after IBM CEO Sam Palmisano said the company would spend $20 billion on acquisitions, while doubling its operating earnings per share to $20 by 2015. IBM is Travis County's second largest employer with 6,239 workers. Dublin, Ohio-based Sterling provides businesses with network and telecommunications services to more than 18,000 customers worldwide. IBM will continue to support Sterling’s existing clients. http://austin.bizjournals.com/austin/stories/2010/05/24/daily6.html?surround=lfn
HP to cut 9,000 jobs; Dallas area may be hit hard - Hewlett-Packard Co.'s services division is getting a $1 billion overhaul, which will include 9,000 layoffs. Many of those cuts could come in the Dallas area. When HP bought Plano-based Electronic Data Systems Corp. two years ago for $13.9 billion to bolster its computer services unit, almost 25,000 jobs were eliminated. Many former EDS employees also had to take pay cuts. HP declined to say where the new layoffs would occur but said they would be spaced over about three years. HP also said it planned to eventually hire about 6,000 people in the division to boost its sales and delivery staff. The company also emphasized investment in new technology with more efficient automation. http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-hpcuts_02bus.ART.State.Edition1.1aae79a.html
Texas to lead other states in housing rebound, analyst says - AUSTIN – Texas will be the first state to recover from the housing market downturn, one of the country's top homebuilding analysts predicts. "The Texas markets are much healthier," said Mike Inselmann, founder of Metrostudy Inc., which tracks homebuilding across the country. "We are the most active state." Houston and Dallas-Fort Worth already lead the nation in homebuilding and population growth. And Texas didn't suffer from the plunge in housing prices seen in many major U.S. markets, Inselmann told real estate journalists meeting Thursday in Austin. http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-Housing_04bus.ART.State.Edition1.1aae189.html
Business News - National
Increasingly hawkish Fed ponders raising rates - ATLANTA (Reuters) - Three top Federal Reserve officials said on Thursday it may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment. http://news.yahoo.com/s/nm/20100604/bs_nm/us_usa_fed;_ylt=AtGgRn1NSLsAiDoADaW3ayy573QA;_ylu=X3oDMTJocGJycm5yBGFzc2V0A25tLzIwMTAwNjA0L3VzX3VzYV9mZWQEcG9zAzE5BHNlYwN5bl9wYWdpbmF0ZV9zdW1tYXJ5X2xpc3QEc2xrA2luY3JlYXNpbmdseQ-
Economy adds 431K jobs but few in private sector - Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work. The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces. http://news.yahoo.com/business/ap
The MBA Job Picture Brightens - The job market for MBA graduates appears to be slowly bouncing back at a growing number of top business schools, with increased on-campus recruiting, an uptick in job postings, and more students walking away at graduation with a job offer in hand. At some of these schools, career services directors say recruiting is returning to levels not seen since before the global recession and economic meltdown threw a wrench into the once-buoyant MBA job market two years ago. http://news.yahoo.com/s/bw/20100604/bs_bw/jun2010bs2010063486200
MBA Pay: Top B-Schools, Top Dollar - Harvard Business School is the most expensive full-time MBA program, with tuition and required fees eclipsing $106,000 for two years. It's a big investment, but it pays off: HBS grads earn more money over the span of their careers than grads from any other MBA program. "It's the trickle down effect," says Robert Dammon, associate dean and professor of financial economics at Carnegie Mellon University's Tepper School of Business (Tepper Full-Time MBA Profile). "The kinds of students that the best schools attract are going to get the highest-paying jobs." On average, MBAs from the top 45 B-schools will make around $2.5 million in base pay and bonuses over the course of a 20-year career. But there are great differences between the total compensation of the schools at the top of the list compared with those closer to the bottom, especially as MBAs move deeper into their careers. http://news.yahoo.com/s/bw/20100525/bs_bw/may2010bs20100521243715
The College Job Market: Tough on Democrats - More than 1.6 million college graduates are about to emerge into a cutthroat job market, one where last year's graduates are still scrambling to land entry-level positions. Class of 2010, meet the competition: the Class of 2009. "It's discouraging right now," says 24-year-old Matt Grant, who graduated 10 months ago from Ohio State University with a degree in civil engineering and three internships. He finally has a job -- as a banquet waiter at a Clarion Inn near Akron. Grant has applied for more than 100 engineering positions around the country. "It's getting closer to the Class of 2010 (graduating)," Grant says. "I'm starting to worry more." So is the Obama Administration. The plight of the young and cubicle-less could hurt the Democrats in midterm elections. The youthful voters who helped propel the party to victory in 2006 and 2008 show signs of waning enthusiasm amid their economic travails. "It's definitely tamped down the energy and the excitement and activism that the Obama campaign had sparked among that entry-level age group," says Democratic strategist Joe Trippi, who advised Howard Dean's 2004 Presidential campaign and is involved in several midterm races. "The problem is they have other things to worry about now." http://news.yahoo.com/s/bw/20100510/bs_bw/1020b4178028160412
Education News - San Antonio/Surrounding Area
UTSA getting $50 million boost - CPS Energy will commit up to $50 million over 10 years to an alliance with the University of Texas at San Antonio for sustainable energy research, a boost that backers say could catapult San Antonio into national prominence. The money will go to the newly created Texas Sustainable Energy Research Institute, headed by Les Shephard, the nationally renowned energy and water expert hired away from Sandia National Laboratories. http://www.mysanantonio.com/news/UTSA_getting_50_million_boost_from_CPS_Energy_95590184.html
Education News - Texas
University of Texas - Austin Is the Top Graduate Business School In Texas - ARLINGTON, TX -- 06/04/10 -- According to a new Decision Analyst statewide survey of 2,160 Texas adults with college degrees, The University of Texas - Austin is the Top Business School in terms of "Status and prestige." The ranking of the top graduate business schools in Texas in "status and prestige" are listed below:
Top Graduate Business Schools in Texas
In "Status and Prestige"
Universities Status and Prestige Score
University of Texas - Austin 68.0
Rice University 62.1
Texas A&M 56.2
Southern Methodist University (SMU) 54.1
Baylor University 47.6
Texas Christian University 41.5
Texas Tech University 38.8
University of Texas - Dallas 35.9
University of Houston 35.4
University of Texas at Arlington 29.0
Lawsuit brewing against history standards - The Texas social studies curriculum standards adopted along party lines by the State Board of Education last week are “illegitimate,” some board members say, and Democrats in the Legislature are contemplating legal action to try to kill the measure. Bitter debate has continued after a yearlong process that generated more than 40,000 public comments and a document cheered by supporters for its underscoring of traditional history and the free enterprise system — and scorned by detractors, especially minority groups, as a distortion of reality.Opponents see an opening for a lawsuit in a Texas Education Code clause requiring the state board to develop curriculum standards “with the direct participation of educators, parents, and business and industry representatives.” The board considered hundreds of amendments after its appointed experts made their recommendations, and many more after the public weighed in on a draft of the document. http://www.mysanantonio.com/news/local_news/lawsuit_brewing_against_history_standards_95145404.html
TAKS scores improve, but 1 in 10 Texas seniors won't graduate - AUSTIN – There will be no diplomas this spring for about one in 10 high school seniors from the Class of 2010 because they failed one or more sections of the state's high school graduation test, the Texas Education Agency reported Thursday. The estimated 28,592 seniors across the state who failed the Texas Assessment of Knowledge and Skills and didn't graduate with their classmates represented an improvement, though. Last year, about 14 percent of seniors were denied diplomas. Results from the exit-level TAKS showed that minority students were most affected by the graduation requirement, as 17 percent of black students and 14 percent of Hispanics were unable to pass all four sections of the exam, measuring skills in English, math, science and social studies. About 5 percent of white students and 4 percent of Asian students failed. Students who failed were tripped up primarily by the math and science sections of the test. Overall passing rates were up for all ethnic groups from last year. http://www.dallasnews.com/sharedcontent/dws/dn/education/stories/060310dntextaks.6996e7a4.html
Texas Invests $3 Million For Veterans Education Initiative - Governor Rick Perry today reiterated Texas’ commitment to ensuring veterans and their families have the resources necessary to receive an education, get a job and return to civilian life after their deployments are over. The governor was joined by Texas Workforce Commissioner Ronny Congleton to announce a $3 million workforce development initiative, which seeks to maximize a returning veteran’s knowledge, skills and abilities for college credit and employment. http://www.thegovmonitor.com/world_news/united_states/texas-invests-3-million-for-veterans-education-initiative-32682.html
UT, A&M, Tech, OU, OSU, Colorado may be invited to switch leagues - That proverbial plane Big 12 commissioner Dan Beebe said he hoped the league schools would climb aboard this week? The flight’s been delayed — and stands a chance of permanent grounding. Two reports surfaced Thursday, in the midst of the annual Big 12 meetings, that indicated the Pacific 10 is mulling offering six Big 12 schools entrance into its league as part of a southern division. The Big 12 schools are Texas, Texas A&M, Texas Tech, Oklahoma, Oklahoma State and Colorado. Baylor would be left out of the Pac-10 mix, Orangebloods.com first reported Thursday. Later in the day, the Boulder (Colo.) Daily Camera reported that Colorado athletic director Mike Bohn has “been led to believe” the Pac-10 would invite the six schools, perhaps putting them with current Pac-10 members Arizona and Arizona State to form the division. http://www.chron.com/disp/story.mpl/sports/college/7035871.html
Education News - National
New National Standards Focus on College Readiness - - The Common Core State Standards Initiative on Wednesday released Common Core State Standards for English language arts and mathematics for grades K-12, which are designed to better prepare students for college and the work force. The American Council on Education (ACE) and 22 other national higher education associations issued a statement in support of the standards. The Common Core State Standards Initiative is a state-led effort managed by the National Governors Association's Center for Best Practices and the Council of Chief State School Officers. ACE has worked with leading disciplinary organizations to convene expert faculty committees to provide ongoing feedback and advice to the standards drafting committees. http://www.acenet.edu/AM/Template.cfm?Section=HENA&CONTENTID=36955&TEMPLATE=/CM/ContentDisplay.cfm
Universities Are Offering Doctorates but Few Jobs - It has never been easy to find a tenure-track teaching job. But this year, dwindling endowments and shrinking state budgets — especially in California — have made that goal more elusive than ever. Now, many graduates with doctoral degrees are finding themselves looking for jobs outside universities — jobs they probably could have gotten without five to six years of intense schooling and tens of thousands of dollars of education debt. Many universities are cutting costs by reducing full-time staff and hiring adjunct or part-time professors. The number of full-time faculty members at universities was around 51% in 2007, down from 78% in 1970, said Jack Schuster, a senior research fellow at Claremont Graduate University. That leaves many doctoral degree candidates stuck with adjunct work, which can pay as little as $2,000 a semester. Graduates with humanities doctorates are particular vulnerable to the downturn in university hiring. In 2008, 86% of humanities doctoral recipients ended up in academia, whereas only 15% of engineering doctoral recipients did. http://www.latimes.com/business/la-fi-phd-blues-20100604,0,6349908.story
Education Secretary Names Appointees to Student-Success Committee - Secretary of Education Arne Duncan today announced the appointment of 15 members and the chair of a new committee focused on student success at community colleges. The panel, which was created in the most recent authorization of the Higher Education Act, will develop recommendations for how two-year colleges can comply with the law's requirements to disclose information about graduation and completion rates. http://chronicle.com/blogPost/Education-Secretary-Names/24468/
Grant/Grantmaker News - San Antonio/Surrounding Area
Kronkosky Foundation gives $4.7 million to charity - The Kronkosky Charitable Foundation on Wednesday announced grants for 46 organizations in Bexar, Bandera, Comal and Kendall counties that total more than $4.67 million. Overwhelmingly, money in this funding cycle went to child-abuse prevention and childhood education. Specifically, more than half of the total funds were awarded to the Precious Minds, New Connections Initiative, which received $2.79 million in grants. http://www.mysanantonio.com/news/kronkosky_foundation_gives_47_million_to_charity_95476914.html
Research foundation wins stimulus grant - The Southwest Foundation for Biomedical Research is doubling the size of its AT&T Genomics Computing Center in far West San Antonio. The research organization received a $2 million federal grant from the National Center for Research Resources, part of the National Institutes of Health. The grant was provided as part of the economic stimulus plan passed by Congress last year. M&A Technology Inc. in Carrollton, Texas, will manufacture and install 5,004 more linked processors at the foundation’s AT&T Genomics Computing Center, also called the computer ranch. This will give the foundation a total of 8,004 linked computers that will work in tandem to process the billions of calculations required for complex analyses of the human gene. http://www.bizjournals.com/sanantonio/stories/2010/05/31/daily31.html
Grant/Grantmaker News - Texas
research grant designed to find ways to reverse the disease's effects. The $150,000 grant from the Cure Alzheimer's Fund was awarded to the University of Texas Health Science Center and the University of Houston to fund research on Alzheimer's disease. Tim Armour, the fund's president, said the grant will allow researchers to accelerate their use of nanotechnology and new imaging techniques to study the effects of certain compounds of Amyloid-Beta -- a protein commonly linked to the onset of Alzheimer's. The scientists will also focus on the creation of new intravenous delivery systems for compounds such as gamma secretase modulators, which are believed to have the potential to protect against the development of the disease.
Staples awards $1.2 million in grants for grape growing, wine making - With Texas ranking as the nation's fifth-largest wine-producing state, Agriculture Commissioner Todd Staples announced the Texas Department of Agriculture has approved $1.23 million in Enology and Viticulture Education and Research grants that will benefit the Texas wine industry. This round of EVER grant funding will be awarded to Texas AgriLife Research, Texas AgriLife Extension Service, Grayson County College and Texas Tech University to improve enology (wine making) and expand viticulture (grape growing). TDA is awarding Texas AgriLife Research, Texas AgriLife Extension Service and Texas Tech University more than $1 million for developing and maintaining viticulture and education programs; creating a pilot winery to enhance enology education; and viticulture research to increase yields and enhance grape quality.
Richardson Foundation gives $50K Mathworks - The Sid W. Richardson Foundation has awarded a $50,000 grant to the Mathworks program at Texas State. The funding will provide support for all of the Mathworks programs, with a focus on the Mathworks curriculum project that prepares all students for success in algebra and higher level mathematics. This is the sixth time that the Richardson Foundation has awarded a grant to Mathworks. http://www.newstreamz.com/2010/06/02/richardson-foundation-gives-50k-mathworks/
HBU benefits from Cullen Trust - Houston Baptist University was granted $1.5 million from the Cullen Trust for Higher Education to help the university upgrade its information technology and communications infrastructure. The grant, payable over three years, will allow HBU to protect its existing information assets while expanding the capacity and reach of its technological infrastructure, allowing HBU to implement several recommendations resulting from a civil engineering infrastructure study of the campus conducted in the summer of 2009. Created by a Cullen Foundation trust agreement in 1978, the Cullen Trust for Higher Education has supported HBU with gifts and pledges totaling more than $14 million, benefiting the university’s programs in the sciences, nursing, business, education and the performing arts.
Adamson foundation awards $68000 in scholarships to 18 graduates - The Adamson High School Scholarship Foundation (Dallas) awarded its top grant, a four-year $6,000 scholarship to Eduardo Rodriguez. He plans to attend the University of Texas or Texas A & M University and study engineering. Other scholarship winners were Alejandro Lopez, Nancy Castillo, Isidro Moreno, Lizveth Villa, Alicia Castaneda, Manuel Rocha, Giovanni Romero, Yvonne Grande, Raul Ortega, Jr., Evelyn Monsivais, Karla Castillo, Mariela Reyna, Akemia Cade, Jarvis Browder, Mario Corral, Brigida G. Nixon and Tristin Williams. Since its inception, the foundation has helped 1,167 graduating seniors with scholarships totaling $1,266,425. Scholarships are awarded based on academic achievement and economic need. Recipients must maintain a 2.5 grade point average and earn at least 12 hours of college credit per semester to receive future allotments. The foundation began with $754 in donations in 1949 and now totals $1.3 million in endowment funds.
Big grant aids UNT research - The University of North Texas has been awarded a prestigious, $1.3 million grant to expand research opportunities at the school. It is the first time UNT has received a Howard Hughes Medical Institute Pre-college and Undergraduate Science Education Program grant. Of the 50 grants awarded, only five are going to first-time recipients. The competition was fierce, and only top universities with high-activity research programs were selected for the $70 million in grants, which ranged from $800,000 to $2 million, said David Asai, director of pre-college and undergraduate science education at the Maryland-based institute. http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_untgrant_0530.51a528d4.html
Grant/Grantmaker News - National
Nationwide Insurance Foundation Donates $1.54 Million to American Red Cross - The Nationwide Insurance Foundation is making a $1.54 million gift to the American Red Cross to fund national disaster response, blood mobiles and chapter response and readiness. This is the fourth consecutive year the Nationwide Insurance Foundation has contributed this unique grant to the Red Cross, which provides support at a national level and in communities where Nationwide Insurance employees live and work. The gift underscores Nationwide's commitment to the Annual Disaster Giving Program (ADGP). Members of the ADGP pledge donations on an ongoing basis in advance of major disasters, which enables the Red Cross to have proper supplies and systems in place and to immediately take action when hurricanes, floods, tornados, wildfires and other disasters strike. Nearly half ($700,000) of the donation will go to the American Red Cross Annual Disaster Giving Program, while another $320,000 will be divided among 17 Red Cross chapters for disaster readiness and response activities.
State Farm youth advisory panel grants $50150 to Rockhurst U. - The State Farm Youth Advisory Board announced Rockhurst University will receive a $50,150 service-learning grant for a collaborative educational program. Rockhurst University is one of 82 organizations to receive a service-learning, youth-led grant across the United States and Canada. More than 1,000 grant requests were received by the Board. The State Farm Youth Advisory Board is a diverse group of 30 youth, ages 17-20, who were chosen through a competitive process to lead and oversee this $5 million/year signature service-learning initiative. The Youth Board identified the issues, issued competitive grants and will now provide technical assistance, communication, and oversight to site grantees. The grants funded student-led, service-learning projects in the United States and in the Alberta, New Brunswick and Ontario provinces of Canada.
Grant to fund Center for International Business Education and Research - The U.S. Department of Education has awarded the University of Minnesota a $1.5 million grant to establish a Center for International Business Education and Research (CIBER) at the Carlson School of Management. The center will serve businesses and educators in Minnesota, and is expected to also serve as a resource in Iowa, North Dakota and South Dakota. The university will match federal funds it receives over the next four years. http://twincities.bizjournals.com/twincities/stories/2010/05/31/daily9.html
ETSU to use $324000 grant for further excavations and research - East Tennessee State University will use a $324,000 grant from the National Science Foundation to support further excavations and research at the Gray Fossil Site for the next three years. Fossils were discovered at the site in 2000 by state highway workers. After excavation, the site earned distinction as being home to the most tapirs at any single fossil location. Some 85 tapirs have been recovered so far with just 1 percent of the site excavated.
WKU awarded grant to fund undergraduate bio research - Western Kentucky University’s biology department has been awarded a $300,000 grant from the National Science Foundation to fund undergraduate research. The grant will give nine students, including three 2010 graduates of the Gatton Academy of Mathematics and Science, intensive research training in WKU labs over the summer, focusing on investigative biotechnology. The students will work with a faculty mentor and interact with graduate students, post-doctorate researchers, fellow undergraduates and research technicians.
University receives $1 million gift for lifelong learning programs - June 3, 2010----The University of Delaware has received a $1 million endowment gift from The Bernard Osher Foundation for lifelong learning programs. Within the next year, a second $1 million gift will be awarded. These funds will be used by the University to maintain and expand its existing Academies of Lifelong Learning in Wilmington and Lewes, and add a new program in Dover. To reflect their affiliation with the national network of lifelong learning organizations, the academies have changed their names to the Osher Lifelong Learning Institutes at University of Delaware in Wilmington, Dover, and Lewes. Since 2001, The Bernard Osher Foundation has been involved in supporting lifelong learning programs across the U.S., and there are now Osher Lifelong Learning Institutes in all 50 states. Founded by noted businessman and philanthropist Bernard Osher, the Foundation seeks to improve quality of life through support of higher education and the arts. Osher is listed among BusinessWeek.com's 50 top American philanthropists.
National Science Foundation Awards $700000 to Rutgers' New Master of Business Program - Rutgers University’s new professional science master’s program will receive $700,000 from the National Science Foundation. The funds will support recruitment and fellowships for students seeking to augment their science backgrounds with multidisciplinary, entrepreneurial skills that add value and increase effectiveness in the marketplace. Rutgers is among 21 schools selected from 210 applicants to receive approximately $14.5 million in total NSF funding from the Science Master’s Program funded under the American Recovery and Reinvestment Act of 2009. These new master’s degrees comprise a growing segment of graduate education that aims to prepare persons with science, math and engineering backgrounds to meet the challenges of the global economy. http://news.rutgers.edu/medrel/news-releases/2010/06/national-science-fou-20100603
Walmart awards $100K to Stevenson, College of Notre Dame - Stevenson University and College of Notre Dame of Maryland will each receive $100,000 grants from Walmart to help support students who are the first in their family to attend college. Stevenson will use its grant from the Council of Independent Colleges and the Walmart Foundation to launch a Generation One Project to help ease the transition to college for incoming, first-generation students. College of Notre Dame of Maryland will use its grant for a Trailblazer Scholars program that includes peer mentoring, advising and research grants and internships for first-generation students.
Walmart Foundation Awards $1.2 Million to Install Solar Panels on Schools - The Walmart Foundation has announced a $1.2 million grant to the National Energy Education Development Project for a project that will put solar panels on twenty schools in five cities across the country. Through the Walmart Solar School program, NEED will work with school districts in Chicago, Washington, D.C., Los Angeles, Minneapolis, and Seattle to identify the schools that participate in the effort. NEED expects the solar panels to generate some 150,000 kilowatt hours of electricity each year, which would save the schools more than $15,000 in energy costs and prevent more than one hundred tons of greenhouse gases from entering the atmosphere. http://foundationcenter.org/pnd/news/story.jhtml?id=295800003
Wells Fargo Ordered to Pay $30 Million to Four Minnesota Nonprofits - Wells Fargo & Co. has been ordered to pay tens of millions of dollars to a community foundation and three charitable foundations in Minnesota that claimed the bank marketed a risky securities-lending program as safe and then blocked them from getting out of the investments, Bloomberg BusinessWeek reports. The plaintiffs — the Minnesota Workers' Compensation Reinsurance Association, the Minneapolis Foundation, the Minnesota Medical Foundation, and the Robins, Kaplan, Miller & Ciresi Foundation for Children — sued Wells Fargo in 2008, claiming the bank failed to disclose the deteriorating value of the investments until it was too late. According to the organizations, the bank promised to invest their funds in safe, liquid instruments, primarily money market funds. But instead, the plaintiffs argued, the funds were invested in riskier assets such as structured-investment vehicles and mortgage-backed scurities. As subprime-mortgage losses mounted in 2007, SIVs found investors increasingly unwilling to buy their debt out of concern it was linked to souring home loans. http://foundationcenter.org/pnd/news/story.jhtml?id=296200019
Ford Foundation Launches $25 Million Initiative to Tackle HIV/AIDS in U.S. - The New York City-based Ford Foundation has announced the launch of a five-year, $25 million initiative to address the disproportionate impact of HIV/AIDS on marginalized communities in the United States. The initiative will target communities in Washington, D.C., and the nine Southern states that rank among the highest in the nation in terms of new AIDS cases while supporting efforts to address the spread of HIV among African Americans, women, and Latinos. Ford will award grants to organizations working to build strong constituencies of leaders, especially among the most affected communities; expand advocacy and litigation work at both the federal and state levels; and fight the stigma and discrimination that contribute to the spread of the disease. The foundation also will support national and regional organizations working to build the advocacy capacity of local efforts. http://foundationcenter.org/pnd/news/story.jhtml?id=296100018
Researcher, Advancement Services
The University of Texas at San AntonioEmail: email@example.com