February 11, 2016 |
The Union added goalkeeping depth Tuesday by acquiring English-born keeper Matt Jones on loan from Belenenses of Portugal's Primeira Liga, the top division. He will be on loan for the 2016 Major League Soccer season. Jones holds a U.S. permanent resident card and will not occupy an international spot. That is crucial because the Union do not have one available. MLS rules allow teams eight international slots, but the slots are allowed to be traded. The Union have seven after trading one international slot last year in the Sheanon Williams deal with Houston.
January 30, 2016 |
Comcast Ventures, the venture capital arm of the cable giant, has invested in Wilmington's College Ave Student Loans. The College Ave Student Loans start-up operates an online marketplace to connect college students with loans for college. Comcast Ventures, part of Comcast Corp., was the largest investor in a $20-million financing round that includes Fenway Summer Ventures, DW Partners and former Sallie Mae CEO Albert L. Lord. College Ave Student Student Loans launched in 2014 and originated its first college loan in January 2015.
January 9, 2016 |
Montgomery County has canceled a planned $75 million loan and will resume paying human services vendors now that state funds are flowing. The partial spending plan signed by Gov. Wolf on Dec. 30 released crucial funds to schools and counties, but did not address questions of revenue and cuts that have kept him and Republican legislators at loggerheads since June. "We did receive this morning . . . about $20.7 million in payments," the county's finance director, Uri Monson, told the commissioners at their meeting Thursday.
December 28, 2015 |
Ken Weinstein wasn't sure how well the idea of gathering and training a force of residential developers to recycle housing in Germantown would play to the neighborhood. Nor was the developer certain that he could interest enough people in his idea, which included a revolving loan fund of $2 million to get Jumpstart Germantown off the ground. Since he announced his plan in March, Weinstein has taken 108 "mentoring" applications from experienced and would-be developers around the area, and 75 of them have completed nine-plus hours of training with experts in the field.
December 21, 2015 |
As with so many things, it all depends on whom you ask. The National Association of Realtors says the number of first-time buyers in the U.S. market declined a full percentage point between July 2014 and June 2015. In its annual "Profile of Home Buyers and Sellers," the Realtors' group places the blame on prospective home buyers' continued difficulty in obtaining mortgages. The Realtors' call for looser lending standards is nothing new. It echoes the National Association of Home Builders' complaint that tight credit is keeping construction at very low levels.
December 12, 2015 |
Earnie Stewart has recently started in his position as sporting director of the Union, and since the Major League Soccer offseason is so short, he has hit the ground running. The Union made a few trades this week and are also preparing for the Jan. 14 MLS SuperDraft, in which they will be selecting third and sixth overall in the first round. "There aren't enough hours in the day," Stewart said at an introductory news conference at Talen Energy Stadium (formerly PPL Park). The Union went 10-17-7 and missed the playoffs for the fifth time in their six seasons.
December 7, 2015 |
What could you do with $217? It is certainly not an insignificant amount of money, but would it change your life? That's what I intended to find out during my trip to the Dominican Republic with Women International Leaders (WIL) of Greater Philadelphia. WIL members contribute time, knowledge, and money to raise women's economic and social status, promote self-determination, and help them become community leaders. Early in the week, we toured the lush region of Monte Plata, the future site of Schools for Sustainability, which will teach and model green technology.
December 5, 2015 |
Since its launch last December, Kiva.org/Philadelphia, the crowdfunded small-business, no-interest lending program, has funded 57 loans totaling $261,000. Fund-raising is underway for an additional eight loans totaling $40,000, said Kiva spokesman Jason Riggs. Of the Philadelphia businesses that have received funding, 59 percent are owned by ethnic minorities, Riggs said. To qualify, small businesses create a profile at Kivazip.org, where they outline their business plans and crowdfunding loan goals.
November 29, 2015 |
Habitat for Humanity of Burlington County has received a low-interest $420,000 loan from the New Jersey Economic Development Authority to purchase the building that houses its administrative offices and its ReStore center in Maple Shade. EDA chief executive officer Melissa Orsen held a press event at the center this week to raise awareness of the financing that the EDA offers to small businesses and nonprofits. "Organizations like Habitat for Humanity serve a dual purpose in our state's economy," Orsen said in a statement.
November 5, 2015 |
An investment fund operated by New York's Square Mile Capital Management has originated a $26.8 million mortgage loan for the Penrose Plaza shopping center in Southwest Philadelphia, the company said in a release on Tuesday. Square Mile Capital Partners is funding the center's recent acquisition and planned capital expenditures by a joint venture of Onyx Properties, Abrams Realty & Development, and Siguler Guff. The 261,000-square-foot property at 2900-3000 Island Ave. is anchored by a ShopRite supermarket.