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Grants denied but groups stay upbeat in West Virginia
Two regional groups in Princeton and Bluefield State College officials voiced optimism after the state Economic Development Grant Committee did not award their projects. Region One Planning and Development Council noted the missed $2 million Mercer County sewer project and eyed alternate funding sources while Concord College and Bluefield State College officials welcomed the Capstone College grant but pursued other grants. The panel awarded about $220 million to 62 recipients from a pool of roughly $1 billion in requests, with many resubmitted proposals cut in the first round. The lawsuit filed Aug. 1 by a Jackson County lawyer halted further disbursement.
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Norm Kirkham
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Kirkham
Mercer County
Economic Development Grant Committee
Infrastructure and Jobs Development Council
West Virginia Department of Environmental Protection
Concord College
Concord
Bluefield State College
al Walker
BSC
Jim Nelson
Chris Morris
West Virginia Tax and Revenue Division
Morris
Stocks rally as jobless claims and indicators beat expectations
Wall Street advanced after upbeat reports on jobless claims the Conference Board index and Philadelphia Fed index. The Nasdaq hit a fresh 16 month high while the Dow and S&P 500 gained as investors priced in a quicker economic recovery despite lingering uncertainties.
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New York
Wall Street
Henry Herrmann
Waddell & Reed Financial
Standard & Poor
Conference Board
Philadelphia Federal Reserve
Neil Massa
John Hancock Funds
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