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My Note –

The banks have been taking money under the Act listed in the 2008 Appropriations Bill and from every Act in every appropriations bill for the last eight years, at least.

And, they have been lobbying legislators to serve their own benefit. Recently having an attorney’s firm write a letter for them to the legislators who were determining whether the FDIC would guarantee new bonds that the banks were creating using the full faith and credit of the United States, it was and is lobbying, among other things. They need to cut it out.

It is not helping for banks to be leveraging their power to influence in matters being decided about solving macro-economic issues right now. If banks cover their own interests exclusively for self-preservation as they would be inclined to do, they are not in a position to have an overview of decisions affecting larger, far-reaching consequences for all of us that Congress and the economics team must consider.

On the other side of this thing, if only the banks stand while the consumers en masse, the citizens en masse and all other financial systems en masse have failed – we will have nothing but a wasteland of big pretty buildings with nothing in them.

But, the banks will be available, having covered their own asses at the expense of each member in America paying out their hard-earned money to pay off junk bonds issued by the mega-bank conglomerates. How long will they survive with no taxpayers capable of paying for them to exist?

Wall Street also, does not exist to the exclusion of all else. These “financial engineers” have been the greatest sum total waste of human facility in the history of mankind because they would have been our greatest scientists, engineers, mathematicians, business geniuses, and massively intelligent resources of a dynamic, prospering new era of growth for America and the World.

Instead, they have distorted the use of our national “brain trust” as a resource into an unrecognizable enmeshed catastrophic failure for every financial and economic system where their minds and efforts were
paid to participate.

and, without the underlying assets that Wall Street trades in – there will be no Wall Street.

– cricketdiane, 02-20-09

http://www.eda.gov/NewsEvents/NewInvestments.xml

November 17-21, 2008

EDA announced 5 investments greater than $100,000 during the period November 17-21 totaling $3.861 million. These investments are part of projects totaling $9,346,667, creating 1,115 jobs, and generating more than $153.1 million in private investment.

$1.6 million to the city of Jonesboro, Arkansas, to fund the construction of a rail spur and road improvements necessary to expand the Craighead Technology Industrial Park in Jonesboro. This investment is part of a $3.2 million project that will help create 700 jobs and generate $100 million in private investment.

$1 million to the city of Newberry, South Carolina, to fund expansion of Newberry’s existing wastewater treatment plant to accommodate industrial expansion that will bring much needed jobs to the region. This investment is part of a $3.845 million project that will help create 180 jobs and generate $30 million in private investment.

$600,000 to the Science and Technology Park Development Corporation, Albuquerque, New Mexico, to fund infrastructure and equipment improvements needed to build a fiber-optic security network at the Sandia Science and Technology Park in Albuquerque. This investment is part of a $1.2 million project that will help create 200 jobs and generate $10.1 million in private investment.

$400,000 to the New Mexico Community Capital, Bernalillo, New Mexico, to fund IMPACT-New Mexico, the state’s only community development venture capital organization, for another year and allows it to expand its activities of making equity investments in small businesses that promise rapid growth and greater benefits for the communities’ economic growth. This investment is part of a $666,667 project.

$261,000 to Polk Township, Maryville, Missouri, to fund roadway improvements that will provide improved access to the Maryville Industrial Development Corporation Industrial Park and allow new industries to locate there. This investment is part of a $435,000 project that will help create 35 jobs and generate $13 million in private investment.

November 10-14, 2008

EDA announced one investment greater than $100,000 during the period November 10-14, 2008 totaling $200,000. This investment is part of a project totaling $400,000 that will help create 280 jobs and generate more than $3 million in private investment.

$200,000 to the Montana Economic Revitalization and Economic Development Institute, Butte, Montana, to fund renovations to the historic Thornton Building in Butte that are necessary to allow installation of a supercomputer. This investment is part of a $400,000 project that will help create 280 jobs and generate more than $3 million in private investment.

***
SUMMARY OF EDA INVESTMENTS

February 9-13, 2009

EDA announced one investment greater than $100,000 during the period February 9-13, 2009 totaling $225,000. This investment is part of a project totaling $300,000 that will help create 130 jobs and generate more than $4 million in private investment.

$225,000 to the South Eastern Development Foundation, Sioux Falls, South Dakota, to recapitalize a revolving loan fund that serves southeastern South Dakota. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $300,000 project that will help create 130 jobs and generate private investment in excess of $4 million.

February 2-6, 2009

EDA announced four investments greater than $100,000 during the period February 2-6, 2009 totaling $1.564 million. These investments are part of projects totaling $1.731 million, creating 548 jobs, saving 547 jobs, and generating more than $9.6 million in private investment.

$750,000 to the Iowa Northland Regional Economic Development Commission, Waterloo, Iowa, to establish a Revolving Loan Fund (RLF) that will serve northeastern Iowa. The RLF will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $775,000 project that will help create 233 jobs, save 232 jobs and generate more than $4.7 million in private investment.

$375,000 to the Southern Iowa Council of Governments, Inc., Creston, Iowa, to recapitalize a Revolving Loan Fund to serve south central Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $417,000 project that will help create 240 jobs, retain 240 jobs and generate $2.5 million in private investment.

$300,000 to the Boonslick Regional Planning Commission, Warrenton, Missouri, to recapitalize a Revolving Loan Fund that serves east central Missouri. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $400,000 project that will help create 75 jobs, save 75 jobs, and generate private investment in excess of $2.4 million.

$139,000 to the Upper Explorerland Regional Planning Commission, Postville, Iowa, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the northeast Iowa communities severely impacted by the Midwest Floods of 2008. This investment is part of a $139,000 project.

January 26-30, 2009

EDA announced three investments greater than $100,000 during the period January 26-30, 2009 totaling $4.125 million. These investments are part of projects totaling $8.2 million, creating 104 jobs, saving 505 jobs, and generating more than $33 million in private investment.

$2 million to Keokuk Municipal Waterworks, Keokuk, Iowa, to fund construction of an improved water distribution system and storage facility for the city of Keokuk. These improvements will help meet the increasing water demand from the city’s manufacturing sector and enable business expansion and the location of new industries to the area. This investment is part of a $5.4 million project that will help create 44 jobs, retain 445 jobs and generate $30 million in private investment.

$1.725 million to the St. Louis County Economic Council, Clayton, Missouri, for development of a strategic plan to speed economic recovery to Missouri communities severely impacted by the recent Midwest floods. This plan will determine the viability of a commercial hub for foreign trade at Lambert Airfield in St. Louis. The proposed hub will provide enhanced trade and export opportunities for agricultural products, high-tech equipment and other manufactured goods produced in the Midwest. This investment is part of a $2.3 million project that will help minimize economic dislocations resulting from natural and other disasters, improving responsiveness and effectiveness in the recovery process.

$400,000 to the Southwest Iowa Planning Council, Atlantic, Iowa, for recapitalization of a Revolving Loan Fund that serves south western Iowa. Once the recapitalized funds are in place, business will be able to apply to the grant recipient for loans. These loans will provide needed capital to businesses and communities severely impacted by the Midwest Floods of 2008. This investment is part of a $500,000 project that will help create 60 jobs, retain 60 jobs and generate more than $3 million in private investment.

January 16-23, 2009

EDA announced 2 investments greater than $100,000 during the period January 16-23, 2009, totaling $848,000. These investments are part of projects totaling $865,368.

$518,000 to the Ciunerkiurvik Corporation, St. Mary’s Alaska, to complete the renovation of an existing educational facility in St. Mary’s. The training opportunities including mechanics, office skills, and construction trades. The introduction of internet access will also increase employment opportunities. This investment is part of a $518,000 project.

$330,000 to the Association of Village Council Presidents, Bethel, Alaska, to support construction of an airplane hanger in Bethel. The facility will be used to train pilots and aircraft mechanics. Those professions are in consistent demand by the airline industry in rural Alaska. This investment is part of a $347,368 project.

December 15-19, 2008

EDA announced 10 investments greater than $100,000 during the period December 15-19, 2008, totaling $11,660,434. These investments are part of projects totaling $19,849,079, creating 2,402 jobs, saving 100 jobs, and generating $188.1 million in private investment.

$3 million to the Matanuska-Susitna Borough, Palmer, Alaska, to fund construction of Alaska’s first Regional Resource Recovery and Training Park, which will expand the Valley Community for Recycling Solutions in Matanuska-Susitna Borough. The LEED-certified facility will serve as a regional recovery center for recyclable materials, encourage exploratory industries that manufacture recycled products, and support recycling technology training programs. The economic development benefits of recycling in the region are already striking and will increase with the expansion of this facility. This investment is part of a $5.5 million project that will help create 177 jobs and generate $25 million in private investment.

$2.8 million to Sun Valley Care Development, Inc., Sun Valley, California, to fund construction of a nursing and medical technology training facility in Sun Valley, on a site shared with a campus of Christian Community College. The new facility will train at-risk young adults in the Los Angeles area for vocational positions in the health care industry and help meet the region’s long term health care needs. This investment is part of a $4.05 million project that will help create 765 jobs and generate $11.5 million in private investment.

$2.3 million to the Eastern Shore of Virginia Broadband Authority, Accomac, for construction of 66 miles of fiber optic broadband network lines from the NASA Wallops Island Flight Facility to Cape Charles, Virginia. The network will provide high-speed broadband access to support the naval facility and expansion of existing financial, manufacturing, and research and development businesses in the region. This investment is part of a $4.75 million project that will help create 760 jobs and generate $109 million in private investment.

$970,000 to the Blackfeet Tribal Business Council, Browning, Montana, to fund the renovation and modernization of an existing industrial building owned by the Blackfeet Tribe. The state-of-the-art improvements will allow the Tribe to take advantage of new manufacturing opportunities in both the military and commercial sectors. This investment is part of a $1,247,500 project that will help create 100 jobs and generate $3.1 million in private investment.

$850,000 for a joint investment to the Northeastern Technical College and the Northeastern Technical College Area Commission, Cheraw, South Carolina, to fund construction of one new classroom building on the Dillon campus and the renovation of an existing building on the Cheraw campus. Both sites will offer the Associate Degree in Nursing to address the critical need for qualified healthcare workers in the rural counties of Chesterfield, Marlboro, and Dillon. This investment is part of a $1.423 million project that will help create 206 jobs and generate $27.3 million in private investment.

$750,000 to the Planning and Development District III, Yankton, South Dakota, to recapitalize a Revolving Loan Fund that serves southeast South Dakota. The recapitalized funds will assist businesses that were severely impacted by the recent Midwest Floods. This investment is part of a $1 million project that will help create 100 jobs, save 100 jobs and generate $6 million in private investment.

$450,000 to the Region XII Council of Governments, Carroll, Iowa, to recapitalize a Revolving Loan Fund (RLF) that serves western central Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $600,000 project that will help create 261 jobs and generate $3.6 million in private investment.

$300,000 to the Goodwill Industries of Kentucky, Louisville, to fund construction of a Goodwill Industries of Kentucky training and collection center facility in the city of Columbia. The center will provide counseling, on-the-job training and employment for people with disabilities, benefitting them and their community. This investment is part of a $958,000 project that will help create 33 jobs and generate 2.6 million in private investment.

$129,434 to the River Hills Economic Development District and Regional Planning Commission, Jeffersonville, Indiana, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the south central Indiana communities severely impacted by the recent Midwest floods. This investment is part of a $172,579 project.

$111,000 to the Southern Indiana Development Commission, Loogootee, Indiana, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the southern Indiana communities severely impacted by the recent Midwest floods. This investment is part of a $148,000 project.

December 1-5, 2008

EDA announced one investment greater than $100,000 during the period December 1-5, 2008 totaling $574,800. This investment will help create 28 jobs, save 44 jobs, and generate more than $1.7 million in private investment.

$574,800 to the Sitka Tribe of Alaska for construction of a new building for the Sitka Tribal Tannery. The facility will increase the production capacity of the existing fur industry, expand the number of higher wage jobs in the area, and support the growing collaboration with tourism and tribal arts industries in southeast Alaska. This investment is part of a $574,800 project that will help create 28 jobs, save 44 jobs and generate more than $1.7 million in private investment.

http://www.eda.gov/NewsEvents/NewInvestments.xml

November 3-7, 2008

EDA announced 15 investments greater than $100,000 during the period November 3-7, 2008 totaling $3,441,871. These investments are part of projects totaling $3,961,871, creating 40 jobs and generating more than $3.9 million in private investment.

September 22-26, 2008

EDA announced 39 investments greater than $100,000 during the period September 22-26, 2008 totaling $21,053,449. These investments are part of projects totaling $37,587,509, creating 1,045 jobs, saving 1,161 jobs and generating more than 113.7 million in private investment.

(This is a very interesting one – long before the Democrats started “running” things – )

$1.94 million to the Arab Community Center for Economic and Social Services, Wayne Indiana, funded by the Department of Defense, Office of Economic Adjustment, and administered by EDA, to support development of two museum exhibits of Arab American history and culture for the Arab American National Museum in Dearborn. The exhibits, which will document Arab American contributions to U.S. Armed Forces and national defense, will also travel to other states, increasing cultural tourism in Dearborn and other areas of the United States, while educating American and foreign visitors on Arab American history and culture. This investment is part of a $2,156,901 project.

(And this one – )

$958,300 to the Florida Institute for Human and Machine Cognition, Inc., Pensacola, Florida, to renovate a building in downtown Ocala, Florida to establish a Florida Institute for Human and Machine Cognition Institute (IHMC) research/innovation center to serve the Central Florida region. IHMC is on the cutting edge of new developments in the artificial intelligence, robotics, human-machine interaction, cognitive psychology and computer science fields. At IHMC, scientist and engineers are rethinking the relationship between humans and machines while at the same time bringing new jobs and investments to revitalize the Central Florida region. The recipient intends to pursue LEED Gold certification standards as well. This investment is part of a $1,440,791 project that will help create 100 jobs and generate $2.5 million in private investment.

September 15-19, 2008

EDA announced 18 investments greater than $100,000 during the period September 15-17, 2008 totaling $45,320,607. These investments are part of projects totaling $83,240,551, creating 6,399 jobs, saving 647 jobs and generating more than 812,392,730 million in private investment.

(And there’s a developers’ dream in this one – then the government will probably build it too – )

$7.6 million (funded by the Department of Defense’s Office of Economic Adjustment and administered by EDA) to Bayonne Local Development Authority, New Jersey, to support the rehabilitation and stabilization of Berth Sections E-1, E-2 and S-1 of The Peninsula at Bayonne Harbor, former site of a Department of Army/Military Traffic Management Command Installation that was included in the 1995 BRAC round of military base closures. The improvements are needed to stop further erosion and deterioration of the site and prepare it for future development as a mixed-use waterfront community of residential, light industrial, commercial and recreational space. This investment is part of an $8,444,445 project.

** NOTE – (There are a bunch more under each of these headings – )

September 8-12, 2008

EDA announced 29 investments greater than $100,000 during the period September 8-12, 2008 totaling $30,466,045. These investments are part of projects totaling $58,391,318, creating 6,391 jobs, saving 287 jobs and generating more than $561.7 million in private investment.

August 18-22, 2008

EDA announced six investments greater than $100,000 during the period August 18-22, 2008 totaling $10.3 million. These investments are part of projects totaling $24,265,217, creating 4,604 jobs, saving 75 jobs and generating more than $701.6 million in private investment.

[ . . . ]

March 14-21, 2008

EDA announced 13 investments greater than $100,000 during the period March 14-21, 2008 totaling $16,238,177. These investments are part of projects totaling $39,416,056, creating 3,601 jobs and generating $611 million in private investment.

March 10-14, 2008

EDA announced six investments greater than $100,000 during the period March 10-14, 2008 totaling $3,280,600. These investments are part of projects totaling $8,164,230 creating 2,000 jobs and generating more than $500 million in private investment.

March 3-7, 2008

EDA announced two investments greater than $100,000 during the period March 3-7, 2008 totaling $3.5 million. These investments are part of projects totaling $9.225 million creating 2,100 jobs and generating more than $134 million in private investment.

[ . . . ]

December 10-21, 2007

EDA announced 16 investments greater than $100,000 during the period December 21, 2007 totaling $22,975,500. These investments are part of projects totaling $49,600,346, retaining 1,564 jobs, creating 3,412 jobs and generating more than a half billion dollars ($551,842,048) in private investment.

December 3-7, 2007

EDA announced two investments greater than $100,000 during the period December 3-7, totaling $2.5 million. These investments are part of projects totaling $6,793,332, creating 236 jobs and generating more than $158.4 million in private investment.

November 26-30, 2007

EDA announced three investments greater than $100,000 during the period November 26-30, totaling $1,080,296. These investments are part of projects totaling $2,109,045, creating 577 jobs and generating more than $217.5 million in private investment.

November 19-23, 2007

No EDA investments over $100,000 were announced during the period November 19-23, 2007.

November 12-16, 2007

No EDA investments over $100,000 were announced during the period November 12-16, 2007.

November 5-9, 2007

No EDA investments over $100,000 were announced during the period November 5-9, 2007.

November 2, 2007

No EDA investments over $100,000 were announced during the period October 29 – November 2, 2007.

October 22-26, 2007

No EDA investments over $100,000 were announced during the period October 22-26, 2007.

October 15-19, 2007

No EDA investments over $100,000 were announced during the period October 15-19, 2007.

October 8-12, 2007

No EDA investments over $100,000 were announced during the period October 8-12, 2007.

October 1-5, 2007

EDA announced three investments greater than $100,000 during the period October 1-5, 2007, totaling $1,003,433. These investments are part of projects totaling $1,491,462.

$368,493 to the Council for Community and Economic Research, Arlington, Virginia, to fund the dissemination of a regional planning training curriculum and training materials to enhance the planning skills of economic development practitioners while building the internal strategy capacity of development organizations. The training curriculum provides practitioners with the tools necessary to foster regional leadership, analyze regional economies, and formulate and implement effective regional development strategies. This investment is part of a $409,118 project.

September 21-28, 2007

EDA announced 31 investments greater than $100,000 during the period September 21 to 28, 2007, totaling $33,917,840. These investments are part of projects totaling $66,206,214, saving 2,940 jobs, creating 20,528 jobs and generating more than $727.404 million in private investment.

September 17-21, 2007

EDA announced 33 investments greater than $100,000 during the period September 17-21, 2007, totaling $41,824,053. These investments are part of projects totaling $67,136,358, saving 266 jobs, creating 5,862 jobs and generating more than $398.5 million in private investment.

September 10-14, 2007

EDA announced nine investments greater than $100,000 during the period September 10-14, 2007, totaling $4,692,265. These investments are part of projects totaling $9,696,886, saving 383 jobs, creating 560 jobs and generating more than $35.6 million in private investment.

***

June 18-22, 2007

EDA announced 41 investments greater than $100,000 during the period June 18-22, 2007 totaling $39,755,536. These investments are part of projects totaling $102,504,404, saving 800 jobs, creating 7,681 new jobs and generating more than $1.109 billion in private investment.

March 19-23, 2007

EDA announced 31 investments greater than $100,000 during the period March 19-23, 2007, totaling $39,422,382. These investments were part of projects totaling $109,958,217, saving 362 jobs, creating 9,125 jobs and generating more than $1.124 billion in private investments.

(This one was interesting – )

$720,000 to ACCION Texas, Inc., San Antonio, Texas, to support the purchase and renovation of a building in Laredo to house an ACCION regional hub for small and micro-business lending, technical assistance and financial literacy training, and an incubator for small start-up businesses. This investment is part of a $900,000 project that will help save 250 jobs, create 50 jobs and attract more than $180,000 in private investment.

(And, this one – )

$1,000,000 for a joint investment to Sacred Heart Health Systems, Inc. and the city of Pensacola, Florida, to fund multiple infrastructure improvements to the roadways and storm water system at Pensacola’s Sacred Heart healthcare facility. This investment is part of a $6,500,000 project that will help create many new healthcare jobs and leverage significant private investment.

$2,000,000 to the city of Huntington Park, California, to fund infrastructure improvements to a brownfield site in the Los Angeles suburb of Huntington Park necessary to develop a retail center. This investment is part of a $4,035,000 project that will help create more than 1,300 jobs and generate over $200 million in private investments.