SBA offers $10 million surety bond guarantee

first_imgBuilding on Recovery Act provisions implemented earlier this year, the U.S. Small Business Administration announced today it can now provide surety bond guarantees on federal contracts valued at up to $10 million, if the contracting officer certifies that the guarantee is in the best interests of the government. An Interim Final Rule is available for public inspection at The Federal Register.Currently, under a related provision of the Recovery Act that was implemented in March, SBA can provide bond guarantees up to $5 million through September 2010 on all public and private contracts and subcontracts. SBA partners with the surety industry to help small businesses that would otherwise be unable to obtain bonding in the traditional commercial marketplace. Under the partnership, SBA provides a guarantee to the participating surety company of between 70 and 90 percent of the bond amount. Raising the surety bond limit is a critical step in making sure small businesses in the construction and service sector have access to federal contracting opportunities that will help drive economic recovery, SBA Administrator Karen Mills said. These changes support small and emerging businesses nationwide, particularly construction contractors who have seen their markets hurt by a poor economy and lagging construction.Additional program enhancements published in the rule include:a new small business size standard for this program;authorization for SBA to exercise discretion in deciding bond liability issues; and,a definition of Order issued under an Indefinite Delivery Contract.The new size standard (which will be in effect until Sept. 30, 2010) temporarily replaces the current size standard for the surety bond guarantee program. It states that a business is small if the business, combined with its affiliates, does not exceed the size standard designated for the primary industry of the business combined with its affiliates. The North American Industry Classification System (NAICS) Codes contained in 13 CFR Part 121 establishes size standards for all industries http://www.sba.gov/contractingopportunities/owners/basics/GC_SMALL_BUSIN(link is external)….Through its Bond Guarantee program, SBA will also help by guaranteeing bid, payment and performance bonds to protect the project owner against financial loss if a contractor defaults or fails to perform.Finally, the rule adds a definition for an Order issued under an Indefinite Delivery Contract to clarify that SBA bond guarantees apply to individual orders, as well as contracts.SBA assistance in locating a participating surety company or agent, and completing application forms, is available online. For more information on SBA s Surety Bond Guarantee Program, including Surety Office contacts, go online to http://www.sba.gov/osg/(link is external) , or call 1-800-U ASK SBA.Source: SBA. July 23, 2009.last_img read more

Ernst tells Bloomberg News she’s a survivor of rape, abuse

first_imgDES MOINES — In an interview published last night by Bloomberg News, Iowa Senator Joni Ernst said she was raped by a boyfriend when she was a student at Iowa State University.Ernst told a Bloomberg reporter she broke up with the abusive man she dated in college and got help from the campus counseling center in Ames, but Ernst did not report the incident to police.Ernst told Bloomberg’s Jennifer Jacobs, a former Des Moines Register reporter, that she had not been ready to openly discuss that incident or details of her 26-year marriage, but is doing so now after court papers related to her divorce became public documents. Ernst said during the Bloomberg interview that people know her situation now and that may force her to talk about it publicly.last_img read more

Arsenal-target Aubameyang starts for Dortmund

first_imgShare on: WhatsApp With the January transfer window to close at midnight (2300 GMT) on Wednesday, time is running out for the deal to be completed.The Gunners want to sign a striker to replace Alexis Sanchez who joined Manchester United last week.Aubameyang has scored 141 goals in 212 games for Dortmund in all competitions since his arrival in 2013.Dortmund are seventh in the German league after drawing both of their last two games, goalless at home to Wolfsburg and 1-1 away to Hertha Berlin, without Aubameyang. Berlin, Germany | AFP |  Pierre-Emerick Aubameyang was recalled to Borussia Dortmund’s starting line-up on Saturday despite the on-going speculation of a move to Arsenal.The target-man was included for Dortmund at home to Freiburg, his first Bundesliga appearance since December 16 having been dropped for Dortmund’s last two games.He started as striker with English teenager Jadon Sancho, 17, on the left wing and US international Christian Pulisic, 19, on the right.Dortmund have reportedly rejected a second bid by Arsenal of 58 million euros ($72m) with the German club thought to be holding out for 70 million euros for their top-scorer.“We have a clear position,” said Dortmund’s director of sport Michael Zorc before kick-off.“Our demands must be met and so far Arsenal’s attempts have not matched them.”last_img read more

Little Silver Shopping Center To Get A Facelift

first_imgBy Jenna O’DonnellLITTLE SILVER – Plans to turn the borough’s dated Acme-anchored shopping center into a more modern and pedestrian-friendly downtown hub will soon be under way with a major makeover this summer.The busy plaza sees a steady stream of cars on a regular business day, but its meandering parking lot, subdued lighting and limited sidewalks aren’t currently optimal for pedestrians or cyclists looking to move between its shops. The parking lot is a key item that Ben Lucarelli hopes to change. Lucarelli is Fair Haven’s mayor, as well as a principle in Markham Prospect Associates, LLC, the company that owns the complex. He said the current look and layout had been largely unchanged since the shopping center was built in the late 1950s, and it shows.“We want to make the property more open and inviting for people to stay and congregate,” Lucarelli said. “We are really looking forward to turning this into a focal point for the community.”Plans for shopping center at 507 Prospect Ave. include updates to the façade of the buildings, a major reconfiguring of the parking lot, and landscaping work. The application seeks a number of variances to allow for a larger LED-illuminated sign to replace the current freestanding sign, and changes to the parking lot layout, as well as increasing the number of parking spaces from 169 to 195. The renovation plans incorporate both sides of Prospect Avenue with design elements intended to tie the two separate shopping areas together.Little Silver Acme’s outdated look and confusing parking lot will soon be a thing of the past. Photo courtesy of Jenna O’Donnell“What we’re shooting for has a Jersey Shore feel.” Lucarelli said. “We’ll soften up some of the hard spots and make more soft spaces.”Small business owners at the plaza said they were looking forward to the update.“I’m excited about the new look,” said John Sommers, owner of Olivia’s Trattoria & Artisan Pizza. He hoped that more pedestrians and cyclists at the shopping center would mean more hungry people stopping in for a slice or a sandwich. “I think it’s going to be good for my business,” he added.A few doors down, Craig Smith, who owns Pet’s General Store with his wife Kathleen, said he was happy with Lucarelli’s plans.“It definitely needs an update,” Smith said. “So we’re looking forward to it. It’ll be very nice when it’s done.”Little Silver Mayor Robert Neff said planners were supportive of the improvements being made in such a visible part of town.“We are really happy with the owners,” Neff said.Lucarelli presented plans to the Little Silver Planning Board in April and will seek final approval at the May 18 meeting. Once approved, Lucarelli said work should start within the next four weeks and be finished in time for Labor Day.“Hopefully on a nice, hot summer night kids will ride their bikes into town, get an ice cream or some dinner and then ride back home,” Lucarelli said. “The idea is to create a clean, inviting and well-lit place for people to congregate.”Correction: This story was updated on May 16. Under the proposal, the number of proposed parking spaces will increase, not decrease. Presently there are 169, and the applicant would like to create 195.last_img read more

STABLE NOTES BY ED GOLDEN – SATURDAY OCTOBER 1, 2016

first_img-30- FINISH LINES: Art Sherman had California Chrome out for a 5:30 jog Saturday morning. “He was so full of himself,” the trainer said, “I could hardly get him back to the barn.” . . . Former top jockey Ray Sibille, winner of more than 4,000 career races, including the 1988 Breeders’ Cup Turf with Great Communicator, will present a trophy to the winning connections of today’s Unzip Me Stakes . . . Fans can meet and greet Santa Anita’s jockeys Sunday from 10:45 to 11:45 a.m. outside the jockeys’ room where riders will autograph full color posters of the colony free to those with paid admission, while supplies last . . . Santa Anita Handicap and Gold Cup winner Melatonin is set to work six furlongs Sunday as the son of Kodiak Kowboy owned by Tarabilla Farms prepares for the $6 million Breeders’ Cup Classic at Santa Anita on Nov. 5 under the guidance of trainer David Hofmans, who won the 1996 Classic with longshot Alphabet Soup . . . R Sunday Surprise, who ran last at 4-1 in Friday’s seventh race, is a full sister to 2014 Horse of the Year California Chrome. The two-year-old chestnut filly is by Lucky Pulpit out of Love the Chase and was bred by Perry Martin and Steve Coburn, who also bred California Chrome . . . Santa Anita presents another of its popular bargain days on Monday, Oct. 10, Columbus Day, when beers, hot dogs and sodas will be on sale for just a buck on Dollar Day . . . You “Auto” Know Better: Goseecal, a two-year-old filly that ran third in Friday’s seventh race, is trained by Vladimir Cerin for principal clients David and Holly Wilson, owners of several major Toyota dealerships in Southern California. Goseecal, as any veteran Southland resident should know, has been the long-time commercial catch phrase of rival Ford auto dealer Cal Worthington, who became a cult celebrity before he died in September of 2013. Goseecal was sired by Cowboy Cal. SWEET SIGNS FOR ASHLEYLUVSSUGARCHROME RARIN’ TO GO AFTER JOGGINGJOCKEYS’ POSTER SIGNING ON SUNDAYMELATONIN TO WORK FOR BC CLASSICPOPULAR DOLLAR DAY MONDAY, OCT. 10center_img FAVORABLE JOHN HENRY SCENARIO FOR ASHLEYLUVSSUGAROn paper, Ashleyluvssugar has much going for him Sunday in the Grade II, $200,000 John Henry Stakes for three-year-olds and up at a mile and a quarter on turf: a favorable pace scenario, a tendency to put together back-to-back victories; and a fondness for Santa Anita’s turf course, having won three of five starts over the layout.The five-year-old California-bred son of Game Plan won three straight at Santa Anita from Feb. 5 through May 24, including the San Luis Rey and the Charles Whittingham, both Grade II stakes.“He’s won at a mile and a quarter and won at a mile and a half,” pointed out Peter Eurton, who trains the bay gelding for Sharon Alesia, Bran Jam Stable and Ciaglia Racing, LLC. “If there’s pace for him to run at, it’s OK, if there isn’t, he makes his own as he did at Del Mar.”Eurton was referring to the Grade II Del Mar Handicap on turf Aug. 20 which Ashleyluvssugar won by a nose after leading virtually throughout the 1 3/8-mile race.“We just don’t know what kind of (grass) surface this is going to be, being recently renovated, whether it will favor speed or closers,” Eurton said.“At Del Mar, I think it was pretty fair. We had three races down the hill on Friday, and I think everybody will be on the conservative side since we don’t know what to expect.”The field for the John Henry, race six of nine: El Huerfano, Martin Pedroza, 20-1; Wanstead Gardens, Santiago Gonzalez, 20-1; Flamboyant, Mike Smith, 5-1; Ralis, Mario Gutierrez, 10-1; Ashleyluvssugar, Gary Stevens, 3-1; Metaboss, Rafael Bejarano, 7-2; Messi, Drayden Van Dyke, 4-1; Twentytwentyvision, Flavien Prat, 6-1; and Texas Ryano, Joe Talamo, 12-1.last_img read more