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Revenue has increased by about 15 percenyt in each of the last10 years, accordingg to Feeders Supply founder and chiev financial officer Roy Gibson. He declined to reveal salesx figures. A new ownership structure was createdxin 1996, when Gibson sold the businesd to his daughters, Pam Longwell and Diande Ives, for an undisclosed Today, Longwell serves as president and operationak manager, and Ives works in the bookkeepinhg department. Feeders Supply has continued in its longtime role as the supplierf of feed and bedding for the Louisville Zoological Garden and events at the Kentucky Fair and Exposition And the company recently purchased the Louisville Motor Exchange Inc.
building from ownert Don Kleierfor $500,000. It is a neighbord to Feeders Supply's original location and the company'w overcrowded business offices at 315Baxtet Ave. The 10,000-square-foot facility will be renovated afterd the first of the year and convertedf into new offices forthe 10-persoh Feeders Supply management Gibson, a native of Taylorsville, Ky., startesd Feeders Supply in 1959 with the financial support of partner Carl Fischer, the original owner of Fischert Packing Co. Gibson bought out Fischer in 1979. In the Gibson had only one employee and struggled toget by.
"The first 15 it was tougher than nails," he "The next 15 years were The last 10 years have been Gibson attributes the gains of the past 10 yearsd to a decision that was made more than a decadre ago to move the business into pet food In itsearly days, Feeders Supply made its monehy through the sale of feeds and supplies for the livestoc k industry and for horses. As that industryu slowed, the company was forced to look to alternats sourcesof income. "We were just in a single-source which was declining," Gibson "We had to change. The markeyt was gone.
" "There are a lot more peoplw who have dogs and cats than theree are whohave cows," Longwellk added. Today, Feeders Supply stocks food for not only cats and but a number ofsmaller animals, includinbg birds, hamsters, rabbits and guinea pigs. The companhy also sells pet accessories, toys and supplies. Selecterd stores in recent years have startedd carrying somelive animals, such as fish, reptiles and Feed for horses stil l is available, Gibson said. "But that' not our primary emphasis.
" The succeszs that Feeders Supply has experienced in the pet food and suppliee market might be one reason that more nationakpet "superstores" have not located in the Gibson said. Still, he believes that the day will come when chaih stores will have a greaterlocal presence. "That'sz basically one of the reasonsthat we're constantly looking out -- not only from an but also from a defensive position," he "We're constantly looking at places to put our stores." Feederzs Supply's plans for long-range expansion focues only on Jefferson and surroundingt counties.
The company has no desire to extend its reacyhto Lexington, Nashville or Indianapolis, Longwell "We think we'd like to keep it keep it in the community," she said. "We plan to stay here and serve the people inLouisvills well, instead of diversifying and spreading out into other
Sunday, September 18, 2011
Friday, September 16, 2011
NY awarded $253M through housing tax credit program - Business Courier of Cincinnati:
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is one of the companies that will benefi t from an infusion of federa l stimulus money into a tax credit program that subsidizez construction ofaffordable housing. U.S. Housing and Urbanh Development Secretary Shaun Donovanh announced todaythat $252.7 million has been awarded to New York through the federalp government’s new $2.25 billiob Tax Credit Assistance Program. The money will enablre the state to resume funding the constructioj or renovation of affordable rentalhousing units. Omni Housingt is among the companies that rely on the sale of low incom e housing tax credits to investors to help payconstructiojn costs.
The demand for tax credits in the state and nationwid has eroded because of thecredit crisis. Before the credit freeze hit, banks and other lenders such as and used the creditsw to reduce their federaltax Now, with bank profits much slimmer, therew is less need for the tax credits. “Thse market is in disarray,” said Duncan Barrett, chief operatinfg officer at Omni Housing, a division of Inc. Constructionm and renovation projects have been jeopardize as the value of the taxcreditds plummeted. As many as 1,000 projects containinhg nearly 15,000 housing units are on hold across the accordingto HUD.
For instance, Omni Housinv has received two written offers to purchase tax credits foran $11 milliom renovation of 100 garden-stylde public housing apartments in Watervliet. The offers are 70 centsz or 72 cents forevery $1 of tax credit. The low pricw would create a gap in making the project Omni isseeking $2.4 millioj through the Tax Credit Assistance Program to fill the gap, Barrettt said. “What the TCAP funds are doingt is plugging the hole that has been created by the lack of tax credif investors and the falling pricese forthose investors,” Barrett HUD estimates the new program will provide affordable housingf to 35,000 households nationwide.
Omni has redevelopef 1,170 affordable housing units in the Albanhy region over the past10 years, mostly for municipalo housing authorities. Omni manages some of thosse units and provides property management suppor tto others.
is one of the companies that will benefi t from an infusion of federa l stimulus money into a tax credit program that subsidizez construction ofaffordable housing. U.S. Housing and Urbanh Development Secretary Shaun Donovanh announced todaythat $252.7 million has been awarded to New York through the federalp government’s new $2.25 billiob Tax Credit Assistance Program. The money will enablre the state to resume funding the constructioj or renovation of affordable rentalhousing units. Omni Housingt is among the companies that rely on the sale of low incom e housing tax credits to investors to help payconstructiojn costs.
The demand for tax credits in the state and nationwid has eroded because of thecredit crisis. Before the credit freeze hit, banks and other lenders such as and used the creditsw to reduce their federaltax Now, with bank profits much slimmer, therew is less need for the tax credits. “Thse market is in disarray,” said Duncan Barrett, chief operatinfg officer at Omni Housing, a division of Inc. Constructionm and renovation projects have been jeopardize as the value of the taxcreditds plummeted. As many as 1,000 projects containinhg nearly 15,000 housing units are on hold across the accordingto HUD.
For instance, Omni Housinv has received two written offers to purchase tax credits foran $11 milliom renovation of 100 garden-stylde public housing apartments in Watervliet. The offers are 70 centsz or 72 cents forevery $1 of tax credit. The low pricw would create a gap in making the project Omni isseeking $2.4 millioj through the Tax Credit Assistance Program to fill the gap, Barrettt said. “What the TCAP funds are doingt is plugging the hole that has been created by the lack of tax credif investors and the falling pricese forthose investors,” Barrett HUD estimates the new program will provide affordable housingf to 35,000 households nationwide.
Omni has redevelopef 1,170 affordable housing units in the Albanhy region over the past10 years, mostly for municipalo housing authorities. Omni manages some of thosse units and provides property management suppor tto others.
Wednesday, September 14, 2011
Gehl secures new 2-year credit pact - South Florida Business Journal:
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The agreement with U.S. bank lender s provides for a total credit commitmenrtof $105 million and a term of 24 The credit line consists of an $80 million revolvinh line based on North American inventories and accounts receivablr and a term loan of $25 million payable in quarterly installments. The credirt pact replaces the company'zs October 2006 $125 millio unsecured credit facility. As part of the amende d credit agreement, Gehl Co. has granted to its bank lenderxs a security interest in all of its NortghAmerican assets.
The amended crediy agreement addresses matters that gave rise to an April 16 forbearance agreement with the lender group that rescindzs and withdraws a notice of debt repayment deliverefd onMarch 31. That agreement with lenders extendedf the repaymentof $117 million in debt under a revolvint credit agreement, which servesz as the company's principal source of liquidity. Gehl said it has significantl reduced its outstanding borrowings using operatingg cash flows created in part by the cost savinga initiatives implemented over thepast
The agreement with U.S. bank lender s provides for a total credit commitmenrtof $105 million and a term of 24 The credit line consists of an $80 million revolvinh line based on North American inventories and accounts receivablr and a term loan of $25 million payable in quarterly installments. The credirt pact replaces the company'zs October 2006 $125 millio unsecured credit facility. As part of the amende d credit agreement, Gehl Co. has granted to its bank lenderxs a security interest in all of its NortghAmerican assets.
The amended crediy agreement addresses matters that gave rise to an April 16 forbearance agreement with the lender group that rescindzs and withdraws a notice of debt repayment deliverefd onMarch 31. That agreement with lenders extendedf the repaymentof $117 million in debt under a revolvint credit agreement, which servesz as the company's principal source of liquidity. Gehl said it has significantl reduced its outstanding borrowings using operatingg cash flows created in part by the cost savinga initiatives implemented over thepast
Monday, September 12, 2011
LendingTree expands product offering - Business First of Louisville:
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According to the its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO scores. “Witb refinancing activity from borrowers representing a significant portion of overalloorigination volume, our lender network has expressed a desirre to capture and retaijn current mortgage customers,” says Bob Harris, president of the LendingTree “As part of the LendingTree network, banks and lenders that use our new customer-retention initiative will be able to significantlyg impact the ratio of overall mortgagew portfolio retained, just as effectively as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lending and real estate company.
Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowers to and RealEstate.com, which works with individuals seekingy homes and real estate agents. LendingTrer says it has facilitated more than 25 million requests for loans onlineand $185 billion in closedr loan transactions.
According to the its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO scores. “Witb refinancing activity from borrowers representing a significant portion of overalloorigination volume, our lender network has expressed a desirre to capture and retaijn current mortgage customers,” says Bob Harris, president of the LendingTree “As part of the LendingTree network, banks and lenders that use our new customer-retention initiative will be able to significantlyg impact the ratio of overall mortgagew portfolio retained, just as effectively as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lending and real estate company.
Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowers to and RealEstate.com, which works with individuals seekingy homes and real estate agents. LendingTrer says it has facilitated more than 25 million requests for loans onlineand $185 billion in closedr loan transactions.
Saturday, September 10, 2011
Kansas City-area TV stations will join
http://yobtddl.com/Piercing/Silicone-Ear-Gauges/
Instead of cutting off their analog broadcasters during the soft test will interrup t regular analog programming to warn viewers the interruption indicatexs they are not prepared for the the FCC said in a Theseviewers — other than those connected to a subscription TV service such as cablw or satellite, which may convert a broadcaster’zs analog signal — must take action to avoid a complete loss of service on June 12. Kansase City is one of the digita TVtransition “hotspot” markets with a significan number of households unpreparefd for the transition, the FCC said. estimated that, as of May 10, 1.
48 percentt of all area households weren’ t ready for the digital TV transition. Nielsen estimated that abouy 128,480 area households rely entirelyon over-the-airf broadcasts. Local broadcasters across the countrt will participatein Thursday’s soft which the FCC has asked broadcasters to conduct at 7:30 12:30 p.m. and 6:30 p.m., Kaplan said. The length of the interruptionzs will vary by station but generall will run two minutes tofive minutes. Digitaol broadcasts won’t be interrupted by the tests.
“The soft test is a wake-up call to consumers telling them that the time to get readu for the DTV transitionis now,” Acting FCC Chairmabn Michael Copps said in the release. “Wed don’t want anyone to be left without the information and entertainment they needand enjoy. Nielsen estimatexd that about 3.3 million or 2.9 percent of U.S. households with TVs, were unpreparefd for the transition as ofMay 10. Consumerx who need help with the transition, includingt coupons for converter boxes, can call the FCC toll-frer at 888-225-5322. offers help with converted box installation on the Missouri side of the Kansas City it can bereached toll-free at 800-504-5677.
Instead of cutting off their analog broadcasters during the soft test will interrup t regular analog programming to warn viewers the interruption indicatexs they are not prepared for the the FCC said in a Theseviewers — other than those connected to a subscription TV service such as cablw or satellite, which may convert a broadcaster’zs analog signal — must take action to avoid a complete loss of service on June 12. Kansase City is one of the digita TVtransition “hotspot” markets with a significan number of households unpreparefd for the transition, the FCC said. estimated that, as of May 10, 1.
48 percentt of all area households weren’ t ready for the digital TV transition. Nielsen estimated that abouy 128,480 area households rely entirelyon over-the-airf broadcasts. Local broadcasters across the countrt will participatein Thursday’s soft which the FCC has asked broadcasters to conduct at 7:30 12:30 p.m. and 6:30 p.m., Kaplan said. The length of the interruptionzs will vary by station but generall will run two minutes tofive minutes. Digitaol broadcasts won’t be interrupted by the tests.
“The soft test is a wake-up call to consumers telling them that the time to get readu for the DTV transitionis now,” Acting FCC Chairmabn Michael Copps said in the release. “Wed don’t want anyone to be left without the information and entertainment they needand enjoy. Nielsen estimatexd that about 3.3 million or 2.9 percent of U.S. households with TVs, were unpreparefd for the transition as ofMay 10. Consumerx who need help with the transition, includingt coupons for converter boxes, can call the FCC toll-frer at 888-225-5322. offers help with converted box installation on the Missouri side of the Kansas City it can bereached toll-free at 800-504-5677.
Wednesday, September 7, 2011
Oh my, Darling: the former chancellor aims for Brown - CITY A.M.
modestofyeyko.blogspot.com
BBC News | Oh my, Darling: the former chancellor aims for Brown CITY A.M. by Marc Sidwell It's not the economy, stupid. The reason to read Alistair Darling's account of his time as chancellor of the exchequer is to see exactly how far in he chooses to stick the knife. Happily, his autopsy of the Gordon ... Alistair Darling's view on Scots Labour leader contest Give Gordon Brown credit where it's due Looking good: Former Chancellor Alistair Darling appears to be enjoying life ... |
Monday, September 5, 2011
Cincinnati-N. Ky. leading economic indicators dip - Business Courier of Cincinnati:
ufysyho.wordpress.com
Newly released figures from the show the leading indicatoe index for Greater Cincinnatifell 0.4 percenyt in April to 98.9. That points to an employmentf declinethis summer, according to the state’s Seasonally adjusted employment fell 0.4 percengt from March and 5.1 percent from a year ago. Othefr key indicators showed signes ofhitting bottom. Initial unemployment insurance claims decreaseein April, although they were twice as high as a year ago. The valur of new housing construction permitsz jumped22 percent, although they fell 40 percenty from a year ago. The local leading indicator decline outperformesthe state’s index, which dropped by 0.
9 Both lagged the national leading indicators, which improvexd by 0.1 percent in April. The average number of manufacturiny hours worked also rose from Marchj but dipped from ayear ago. “The index suggestsd the recession may continue throughthe summer, but the intensity will ease,” the department said of the nationak figures. Meanwhile, a gauge of the economy’ws future isn’t showing signs of an economic rebound, either. The NKY/Greater Cincinnati Leading Economixc Indicators Indexslumped 0.
9 percent in March to That index has fallen for 10 straighy months, according to Janet senior director of Northern Kentucky University’s Centedr for Economic Analysis and Development. It hit its lowes t level sinceApril 1996. “This indicates that the locao economy is still struggling to emerge fromthe recession,” Harrah wrotee in a monthly report. “The most substantial impacyt on the index came from real estatewand construction.” NKU’s economics center also calculates an index to gauge the economy’s current status. The NKY/Greater Cincinnati Currentr Conditions Indexdeclined 1.
1 percent in March to That index has fallen for 11 consecutive months, Harrah said.
Newly released figures from the show the leading indicatoe index for Greater Cincinnatifell 0.4 percenyt in April to 98.9. That points to an employmentf declinethis summer, according to the state’s Seasonally adjusted employment fell 0.4 percengt from March and 5.1 percent from a year ago. Othefr key indicators showed signes ofhitting bottom. Initial unemployment insurance claims decreaseein April, although they were twice as high as a year ago. The valur of new housing construction permitsz jumped22 percent, although they fell 40 percenty from a year ago. The local leading indicator decline outperformesthe state’s index, which dropped by 0.
9 Both lagged the national leading indicators, which improvexd by 0.1 percent in April. The average number of manufacturiny hours worked also rose from Marchj but dipped from ayear ago. “The index suggestsd the recession may continue throughthe summer, but the intensity will ease,” the department said of the nationak figures. Meanwhile, a gauge of the economy’ws future isn’t showing signs of an economic rebound, either. The NKY/Greater Cincinnati Leading Economixc Indicators Indexslumped 0.
9 percent in March to That index has fallen for 10 straighy months, according to Janet senior director of Northern Kentucky University’s Centedr for Economic Analysis and Development. It hit its lowes t level sinceApril 1996. “This indicates that the locao economy is still struggling to emerge fromthe recession,” Harrah wrotee in a monthly report. “The most substantial impacyt on the index came from real estatewand construction.” NKU’s economics center also calculates an index to gauge the economy’s current status. The NKY/Greater Cincinnati Currentr Conditions Indexdeclined 1.
1 percent in March to That index has fallen for 11 consecutive months, Harrah said.
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