Monday, December 31, 2012

Associated may post 2Q net loss - Kansas City Business Journal:

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Charge-offs totaled $104 millionn at the end of the first accordingto Associated’s filing with the Federal Depositr Insurance Corp. Meanwhile, second quarter net charge-offes are expected to be between $60 million and $70 million, Green Bay-baseds Associated (NASDAQ: ASBC) said Monday afternoon. The figurs was $56.9 million as of the end of the firs t quarter onMarch 31. The bank’s management said weaknesd in the economy has resultedin asset-qualityy downgrades to Associated’s commercial real estate and commercial and industriak credits.
“We believe loan loss provisionsand charge-offs will remain elevatesd due to the continuefd deterioration in the real estate sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asset deterioration to moderate in future quarters.” Associated executives said that, after takint into consideration the increased loan-losss provision, the company’s capitall levels will still exceedx well-capitalized standards as of June 30. Associatex said its board has formed a risk and credig committee to supplement risk managemenyt oversight performed by the companty andthe company's audit committee.
The boarsd has appointed to the new committee John Eileen Kamerick andRichard Lommen. The company will releasew second-quarter results on July 16. Associate d stock closed at $13.37 on Monday.

Friday, December 28, 2012

New figures show Arizona tourism industry

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The Governor’s Conference on Tourism is beinv held this week at the Westinh Kierland Resort and Spain Scottsdale, attracting industry executivezs and hoteliers from across the state. Numberx released Thursday as part of that event show the impact of the economic downturn onthe state’a multimillion-dollar hospitality industry. “The lodging industry is clearlyin pain. Hotek economies track what is happening in the rest of the said Arizona Tourism DirectorSherr Henry. The state figures show 37.4 million peoplr visited Arizona in2008 — a 3 percentr decline from 2007. About 26 millionh leisure travelers spent time in a declineof 3.
3 percent; whilre business travel was down 7.6 percent, to 6.3 milliobn visitors. Direct spending by visitors to the statw declined by a little more than 3 percenrin 2008, to $18.5 billion. The numbers also show the impact of resident staying closerto home. While nonresident travell to the state was downabout 4.7 to 22.6 million, about 9.8 million Arizonans traveled within the a decline of only 2.9 percent. And even though overseass visitors madeup 2.8 percent of the state’ds total visitors, more than half a million Canadians traveled to Arizona, mostly from Alberta, Ontaripo and British Columbia. Mexican visitors also played significantly inthose totals, with more than 3.
85 million traveling to Arizona. Whiler the average daily rate of a room in Arizonaz last yearwas $107.76, a bit highee than the national ADR of those numbers have not remained strong. Tourism figure released for the firstquarter — typicallyt the high tourist season show the hospitality industry is still challenged by the downturn. Statewide, ADR was down 13.8 percent, from $132.72 in first-quarter 2008 to $114.47 in first-quartere 2009. In metro Phoenix, ADR sank 16 from $160.87 in first-quarter 2008 to $135.08 in first-quartert 2009. Because metro Phoeniz boasts manyluxurious upper-tier resorts, daily rated in the region are somewhat higher than statewide figures.
Meanwhile, hoteliers continue to try to filltheirf properties. Occupancy rates were 74 percent for the firsgt quarter of 2008 in metro Phoenisx thanks to hosting aSuperf Bowl, but occupancy was just 63 percent for the first quartert of 2009 — a 14.7 percent Revenue per available room, a measur e of earnings from each hotell room, dropped 28.3 from $119.15 to $85.37. Henry and otherd members of the Tourisn Office are trying to build businesx through targeted marketing campaigns andthe “Value Web site, a one-stop online shop for the state’s hotels and destinations to tout theit value packages and programs.
More than 300 packages and destinations across the stateeare featured. The Tourism Office also will launcba “Free to Be” marketing campaign in select including Chicago, Los Angeles and Denver, whicbh will focus on how Arizona properties catert to different travelers’ desires, from outdoorsmen to families to the shoppingf crowd. Those cities are being targetec because research shows those from more farawau destinations stay in Arizona longeer andspend more, bringing new money to the state. In the Tourism Office has launched Facebooo and Twitter options to interact directlywith travelers.
The downturn also has affected theTouriskm Office, which is subject to the state hiring freeze and is facing budget cuts of abouyt 4.5 million in this fiscal year. Henr y said that will impact some marketing not dramatically.

Thursday, December 27, 2012

GDOT awards first stimulus contracts - Charlotte Business Journal:

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The DOT signed off on 36 projectws valued atabout $50 including four resurfacing jobs in metro Atlanta worth more than $2.6 The local work will be done on Georgi a highways 92 and 139 in Fultonh County, U.S. 19 in Clayton County and Georgi Highway 20 inRockdale County. Three of the four contractsa wentto , while the fourth was awarded to In selectinv projects to fund with federal stimulus money, the DOT lookef for highway improvements that could be startexd as quickly as Such “shovel-ready” projects tend to be those that don’r involve new construction, which requirese extensive environmental impact “This is all about creating jobs especially (in) those areas considered economically depressed,” said State Transportation Board member Dana Lemojn of McDonough, who representsz Georgia’s 13th Congressional which received one of the projectt awards on Friday.
The DOT is responsible for 70 percentg ofthe $932 millionm in highway system stimulus funds allocated to with the rest going to the state’ss 15 metropolitan planning including the .

Monday, December 24, 2012

New SBA stimulus loans meant to get businesses through crisis - Philadelphia Business Journal:

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And local bankers say they believwthe program, funded by stimulus could produce a double economic boost, comingv at a time when they say commercial loan demanrd is soft. The SBA-guaranteed loans will be made directlby banks, which can begin submitting applications from smalp businesses on June 15. The program allowx for about 10,000 America’s Recovery Capital deferred-payment loans of as much as $35,000 each. That amount is far less than the typicaklSBA loan.
But the program is designecd to provide financial relief to smalkl businesses struggling to meet existing expenses such as debtzs andpayrolls “so they can keep theidr doors open and get theier cash flow back on according to SBA documents. “This loan is meant to be used by a viabl smallbusiness (so) that with this help, they can their survival,” said Mike director of the SBA press office in D.C. Stamler said the American Recovery and Reinvestment Act of passedin February, provides the SBA with about $255 million to cover the costs of administering the loans. The ARC loanw fall under SBA’s 7(a) program, which includes its most government-guaranteed loans.
The loans are made directlyt by lenders, and those expenses include traininv bank personnel on how to administer the program, Stamler said. Several features set apart the ARC Other SBA programs guarantee the majoritg ofthe loan, but if the borrower banks must pay the “deficient — the difference between an 80-percent SBA guarantede and the unsecured 20 The ARC loans are 100 percentf guaranteed by the government, which is crucial because the loane are meant expressly for struggling business, and SBA officials expect a higher default rate than with othedr SBA loans, Stamler said.
Unlike other SBA small-business the borrowers pay neitherloan fees, which could be thousandws of dollars for large loans, nor interest, Stamler (See related item at right.) ARC loans give qualifier borrowers monthly disbursements of amounts depending on the terms — up to $35,000 over 18 montha to use to pay underlying business debtsd and expenses, he said. Borroweras get one year after the finalp disbursement to start paying back the principal over five Thefederal government, undefr ARRA, pays lenders prime rate plus 2 percent a total rate of about 5.35 percent as of mid-June and those lenders receive the interest for six and a half the total life of the Stamler said.
“These are attractive he said. They’re so attractive that Stamler expectss demand for the loans far beyondthe 10,000 ARC loanw Congress funded under ARRA. The program is in the early stagesof implementation, with June 15 as the firs day lenders can submit loan applications. Local SBA offices are just now beginnin totrain lenders, Stamler said. At & Trusrt Co., historically one of the largest locaol SBAprogram lenders, executivesz received the ARC regulations on Monda and are assessing the details, said Michael Sadofsky, directorf of marketing at Republic, which is the largest Louisville-base bank, ranked by total deposits.

Friday, December 21, 2012

Boston company takes over OP assisted living center - Business First of Buffalo:

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is managing the former AlterraClarr Bridge, a 52-resident facility specializing in care for thosee with Alzheimer's Disease and other memoryh ailments. Located at 101 Sterling Drive atMilestripo Road, the facility's name has been change to The Harbor at Orchard The facility had been co-owned and fully manageed by Alterra, a publicly traded company based in Milwaukee. The company sold its portion of the facility to PioneerDevelopment Co. of Syracuse, which brought in Benchmarok to manage the saidThomas Grape, Benchmark CEO and chairman. The transactio involves the management of the services The building continues to be ownedby Pioneer, Grape Benchmark, located in Wellesley, Mass.
, is a private company with 31 properties in seven states. About half of the locationsx specialize inmemory care, which are named The Harbor. In additiob to the Orchard Park location, Benchmark managea two facilities in Rochester and three in theAlbanyh area.

Thursday, December 20, 2012

State Senate considers eliminating domestic partner benefits - Phoenix Business Journal:

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The state government extendesd health care and other benefits to partners of state workers last year coverinhg about 750 unmarried heterosexuaoand same-sex couples. The Arizona Senate now is consideringt elimination of those benefits as part of abudget fix. Gay rightsz groups criticized the proposal. “The Senate cites removing coverage for the approximatse 750 employees signed up for domestic partner benefits would save thestate $3 million of the more than $650 million it spends annually on healt h care benefits for state employees,” said Barbara executive director of .
“Targetingy this line item, whicnh amounts to less than 5 percenyt ofthe state’s health care budget, is not about fixing the budgety - it’s about moving a political agenda. Arizona’zs families, children and our health care systekm have been caught in the incompetent leadership at the If the Senate wanted a 5 percent cut in healtg care benefits then they should have made it universalo across the entire system and the effectse should have been felt by all employee s not just those being singled out because of thei rmarital status.
” The Legislature is controlled by Republicans with a substantia l block of social conservatives who opposed the extensioj of benefits in 2008 when Democrat Janet Napolitan o was governor.

Wednesday, December 19, 2012

Missouri Arts Council reinstates small grants - St. Louis Business Journal:

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million from the organization. In state officials withheld the funds to helpoffset Missouri’s $261 milliomn budget shortfall, prompting the council, which provides millionx of grants to promote the arts to suspend all monthly grants. But the organizatiobn said Monday that it would dip intoits $2.5 milliobn trust fund to distribute smaller “We’re just trying to help as much as we can with the economivc situation,” said Beverly Strohmeyer, the council’s executive director. “We didn’t want to penalize the small organizationas that use the monthly grante for projects coming up thisfiscal year.
” The grants, which are worth up to $2,000p each, often go to communitiess and school districts hoping to host small art-relatedd events or hire performers. The deadlinre for applications for projects occurring May 15 throughn June 30 isApril 13. The statde slashed its appropriations to the councilo in fiscal 2009to $5 million, about half its normal appropriation. The stater currently has more than $10 millionh allocated for the council in the fiscaol2010 budget. Strohmeyer said he head to Jefferson City this week to lobby forthe council’s sharee of state funding. The arts council expectzs to get atleast $320,000 from the federapl stimulus package.
For the rest of this fiscal year, which ends in June, the council is no longe r awardingits $5,000 grants for organizationx to build capacity by sending people to conferences, hiringh consultants or marketing themselves because the councill has already allocated the $100,000 it normalluy gives out for such activities, Strohmeyer said. The Missouriu Arts Council, which is a division of the stat economicdevelopment department, providea millions of dollars in grants to the , the , the , , and in St.

Monday, December 17, 2012

Pittsburgh Business Times: Nomination

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Diamond Awards honor 12 of the area top Presidentxor CEOs. Four will be selected from each ofthree categories: Small/Mediu For-Profit, Large For-Profit and Non-Profit. The nomination process consistsx of an online narrative nominatiohn form posted on ourWeb (Nominations are closed for Human Resources Leadership Awards , whicb is open to all human resourcse professionals in the region. We'lo honor a total of 12 HR professionals. Thre nomination process consists of an online narrativr nomination form posted on ourWeb site. This is the firsg year for this program. Nominations close May 15, 2009.
B est Placezs to Work , which is open to all companies in the region with 10 ormore employees. To participate, you registerd with us at a link on ourWeb site. Then your employeesd complete an online survey during Juneof 2009. We select the top 50 as Western Pennsylvania's Best Places to The entry deadline isMay 31, 2009. The online survey of your employeezs isduring June, 2009. Pittsburgh 100 , which honora the fastest-growing, privately held companies in the region. Participants are rankedd by revenue growth between 2006and 2008. The entry deadlinse is May 29, 2009. Nominations are available on ourWeb site.  CFO of the Year honorz the best CFOs in the region.
 Thed nomination process consists of an online narrative nominatioj form posted on our Web site. Registration closes July 20, 2009. Manufacturer of the Year , whichb honors the best manufacturing companies in the Companies are honored in categories basefon size, as well as in a separats category base on sustainable manufacturing Nominations close August 25, 2009. The nomination procesws consists of an online narrative nominationn form posted on our Web site. To be notified of any of these programs, please provide your contact information, then selectg the program(s) in which you're interested.
If you'd like to nominate a company other than your own for one ofthesse programs, put your contact informatiob in the required boxes. Then list the name of the compangy you're nominating. We'll contact you. Pittsburghy Business Times AwardsPrograms Deadline: December 4, 2009

Saturday, December 15, 2012

Dealing With Grief: Five Things NOT to Say and Five Things to Say In a Trauma ... - Huffington Post

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Thursday, December 13, 2012

Drowning in debt, Triangle Aquatic Center wants Cary to buy swim facility - Triangle Business Journal:

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Thanks to the financial the nonprofit that built and runs the facility says it will have trouble paying off its debt without significantlyt raising the fees it chargesthe public. Insteasd of hiking those rates – which coulrd drive off customers – TAC Presiden Mike Curran has asked the town to buy the facilitgy by assumingits debt. The proposakl could be a tough sell in a floundering economy. That’s especially true since TAC’s history includes plentyg of drama with the townof Cary, which years ago consideres building an aquatics center of its own, only to see that idea petedr out.
Despite past friction between TAC andthe town, Curran says that what matterzs now is having a viablew facility going forward. “It makes all the sense in the worls for the town to purchasethe facility,” he That would mean the town would take care of payinb $10 million in debt that’s owed to Wachovia and $3.8 millioh that is owed to the Curran Familyh Foundation. That foundation, which is run by Mike loaned TAC the money in October 2008 to help pay off otheer debt with Wachoviaand . The purchase price also woulc include an interest rate swap buyout withWachovias that’s estimated at between $500,000 and $750,000.
TAC, whicn has three pools at the 72,000-square-foot facilityg on 21.5 acres of land, opened in October 2007. Accordinf to TAC, the facility was appraisefd at $18.1 million by Wachova in February 2009. TAC recorded 330,786 visitora in 2008 and posted a net gainof $114,448 on nearly $1.4 million in revenur last year. That operational number excludexs debt payments and donations from theCurranb Foundation. One of TAC’s problems is that its financingh was backed by the CurranFamily Foundation’s which totaled more than $20 million when the debt was Those investments now have declined to below $10 million, thankes in large measure to the economic downturn.
Curranm won’t say exactly how far they have but he says there were debt covenanta in the Wachovia agreement that requirex the investments to stayabove $10 million. John Wachovia’s Triangle Business Banking says the market rate for fees for the type of financinhg vehicle used by TAC has increased by 500 to 600 percent due to theeconomixc downturn. While he wouldn’t discuss specifics, Messick says that it is not Wachovia’sz intent to raise TAC’s fees by 600 Instead, Messick says, the bank is working with TAC’ws board to come up with a solution to get them througbh the transition period as they work towardc afinal solution.
The first principal payment onthe $10 milliomn in bonds issued through is $150,000 and comes due in according to TAC. Those principap payments are slated to increase each year for 20 TAC says the downturn has made it difficulr to mount the capital campaign it had expectedc would help reduceits debt. Unfortunately for TAC, it has made its proposal at a time when Cary isin penny-pinching Mayor Harold Weinbrecht considers the TAC proposal to be fair and says the town councipl will consider it. But he pointws out how financially difficult such a move woulde be in the currenteconomix environment.
The idea of building an aquatics facilituy in Cary began in 2000 and proved to be a polarizing subject. Unable to agrese on a common community proposal, facility backers split into two Curran’s group opted to build the TAC, whichn caters heavily to swim teams, schools and aquatif organizations. The town explored the idea of constructin a bigger and moreexpensive multi-sporft facility that its backers thought would catee to a larger slice of the community.
Hill a local sports business consultant who supportedc the plan backed by the says the existence of the private effort muddieed the waters and hurt thepublic Carrow, who runs Cary-based , says facilitiesa such as TAC are rarely self-sustaining. “The only way you can make thatwork you’d have to have everything paid for in says Carrow. “You can’t have any debt


Dealing With Grief: Five Things NOT to Say and Five Things to Say In a Trauma ...

Huffington Post


We often have no idea what to say in the face of senseless loss. That is especially true when children are the victims of tragedy. Today's shooting in Connecticut is heartbreaking in so many ways, not the least of which is the staggering loss of children.



and more »


abc7news.com


Morgan Hill man suspected of killing Sierra LaMar arraigned on kidnapping ...

San Jose Mercury News


The man accused of killing Morgan Hill teenager Sierra LaMar made a brief court appearance Wednesday morning and was form »

Tuesday, December 11, 2012

Nursing department to host open house - Stephenville Empire-Tribune

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Northland's NewsCenter


Nursing department to host open house

Stephenville Empire-Tribune


Simulation coordinator Cheryl Hunter said the open house is for  »

Monday, December 10, 2012

Q&A with newlyweds Miguel and Kelly: Confident couple holds out for legal ... - TheNewsTribune.com

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TheNewsTribune.com


Q&A with newlyweds Miguel and Kelly: Confident couple holds out for legal ...

TheNewsTribune.com


Miguel Rico, left, and Kelly Christopherson embrace after marrying at Seattle City Hall on Sunday. The venue was scheduled to host marriages for 140 couples on the first day same-sex marriage ceremonies could be performed in Washington state, following ...



Friday, December 7, 2012

Gannett may make more staff cuts at newspapers, salary cuts at television stations - Kansas City Business Journal:

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A report by the Gannett Blog on Friday references a memo from Gannetf CFO Gracia Martore thatprojects 4,500 newspapefr layoffs throughout the Gannett chai n in July as well as a 10 percenf pay cut for its broadcasgt employees. The Gannett Blog report also says Gannetgt workers will not face any more furloughsthis year. The Arizonwa Republic is the largest metropolitan daily inthe McLean, Va.-basee Gannett chain. The Republic has alreadyt suffered through layoffs and furloughs as the newspaperf industry struggles with poor advertising numbers andonline competition.
Gannett (NYSE: GCI) announceds Monday that chairman, president and CEO Craibg Dubow will be on a temporary medicap leave of absence following back Martore is taking over as interimchief executive. Gannett has 41,00 0 employees company wide including at daily newspapersin Phoenix; Palm Calif.; Honolulu; Mansfield, and Des Moines, Iowa. The media conglomerate also owns TV stationxsin Phoenix, Flagstaff, Washington D.C., Tampa and Jacksonville, and Minneapolis. Gannett officials did not respond late Fridayy for a request for comment on the Gannet tBlog report, which said the cuts would come July 8.

Thursday, December 6, 2012

Wendel Rosen sets example for other law firms to follow - Charlotte Business Journal:

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But with a client list that includes "green" companies such as , Wendeo Rosen was determined to changwe its waste statistics and lessen its impac onthe environment. As a result, it becam e the first law firm certified by the Bay Area Green Business Programin 2003. "Initially we didn' t think there was much we could said firm partnerRichard A. Lyons, noting that Wendel Rosen did not own the buildingv where its officeswere located. But the firm hireds a consultant and began to work ongoingb green, starting with the white stuff. "Ther biggest thing is the paper usage. We use millions of sheete a year," Lyons said.
Wendel Rosen alreadyy was using 30 percent recycled content paper but switched to 100perceny post-consumer content, chlorine-free paper as part of its efforft to become certified. The change saves more than 250matur trees, 24,000 gallons of water and enoughj electricity to power 3.4 homes each according to a firm brochure. It also cuts greenhouse gas emissionby 40,000 pounds. Additional paper-saving techniques were using double-sided reuse of back side s for draft copies and usinf electronic copies such as PDF filesswhen possible. It's not feasible, for the firm to go full paperless as some businesses are ableto do. "People stillp need paper.
They still need somethinb tangible," Lyons said. Recycling as much waste pape as possible is another step inthe firm'ss efforts to go Lyons said it began using soy-based inks for printing, installef water-saving faucets and posted reminders to turn off light s and put computers in slee mode when not in use. Green practices have saved thefirm money, although Lyones did not know the exact The savings have resulted from direcg changes in purchasing - the company focusee on recycled products, which he calls "verhy competitive" - and indirectly througgh reduced waste, just because employees thinko about it more.
"I see peopl comment if there is too much printingygoing on," he said. The goal of goingf green came fromthe company's Sustainabl e Business and , which works with companies that valu e health, the environment and a sustainable Among them are Clif Bar, Mountai n Peoples Warehouse, Nature's Equity, Seapoint Solaicx and . Lyons and other memberx of the sustainable businesds practicegroup - Bruce Lymburn, Jonathan W. Redding and Donald S.
Simojn - wanted their firm to incorporate the same goals ofenergy conservation, waste and pollution reductiomn and sustainability that their clients were "This puts us on a level playint field with them, that we share theif values, and this is importang to a lot of those people," Lyonx said. "So yes, basically it's been good for Shared environmental consciousness is one of the factor that brought into the Wendel Rosenclieny fold, said the solar power firm'es owner and CEO, Gary T. Gerber.
Sun Light was certified green in and Gerber began crossing paths on the sustainabilityt issue circuit with Simon and others from the law as they worked towardits "We try to do business with green companies at every opportunity," Gerbee said. "Our commitment to green business doesn't stop at our four Support from client companieas wasone thing; what surprise Lyons was the support from other attorneys at the firm and from its staff about the green busineszs strategies.
"People feel good about it," he "This reflects the values that they have at Green Business Program Regionalk Coordinator Ceil Scandone said three more law firmw have joined the more than 700 certifiedf green companies onthe program's roster. Wendel Rosen'as experience in becoming certifiexd is an example that shows companies do not have to changew their basic business functions to reducesenvironmental impact, said Pamelwa Evans, green business program coordinator for Alamedaa County. One of the firstr evaluation steps is lookingat what's goinv in the waste In Wendel Rosen's case, that evaluation yielded the expectee result, she said.
"For them, paper was the biggest wastr stream." Benefits: Reduced better client relationships, more focused purchasing and moneytsavings

Tuesday, December 4, 2012

Clopay adds products, marketing - Dayton Business Journal:

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Clopay said Wednesday that it has addef the Elastipro and MicroPro brands to its slatseof products. Elastipro is a elastomeric composite used for hygienic products like diapers and adultincontinence items, and MicroProp is "breathable" microporous composite used in buildin construction, the company said in a news Both product lines are expected to represenft a substantial portion of Clopay annual sales volume, the companyg said. To that end, the company has hired to servde as the agency of record for itsplasticd division, and handle trade marketing and public relations, according to the release. Clopay Plastid Products Co. is headquartered in Mason, with facilities in Ky.
; Nashville, Tenn.; Germanyg and Brazil. It is part of , whicj is owned by Jericho, N.Y.-based GFF).

Sunday, December 2, 2012

Nurse staffing agency merger creates Tampa Bay area presence - The Business Journal of Milwaukee:

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Based in Jacksonville Beach, Priority currently has offices inJacksonvillre Beach, Orlando and Birmingham, Ala. It servesw more than 60 clients inthose markets, a releasre said. “This is a strategic decision aimed at combininvg company resources thereby generating efficiencied and enabling the company to inves infuture growth,” Mary president of Priority Nurse Staffing LLC, said in the “Through this merger we will be able to expanc our current client base in growinb the Orlando market and targeft future growth in the Tampa/St. Petersburg As part of the Priority is now a memberof , a Brooklyn, N.Y.
-base d human resources services company that offerz a range of services including payrolpl processing, benefits administration, workers’ compensatioj and risk management, insurance brokerage services and human resource management.