IEDA Awards Aid For Expanded Operations In Iowa
The Iowa Economic Development Authority board approved HQJP financial aid and tax benefits for Hydrite Chemical Co in Waterloo to expand food and agriculture lines creating 11 jobs with pay of 16.79 an hour and a 20 000 square foot facility. Mobile Track Solutions LLC in Elkader gets 180 000 HQJP aid to extend a 44 000 square foot shop and rebuild Caterpillar 740 haul trucks, 80 jobs at 14.70 an hour. Veyance Technologies Inc in Mount Pleasant earns 56000 HQIP benefits for a 7.4 million expansion adding 14 jobs at 15.86 an hour. Corridor startups NaturemiRI in Coralville and MetaCommunications in Iowa City receive 100000 and 300000 loans respectively to fund equipment, staffing and product development including microRNA work and ProofMe tool development.
MENTIONED IN THIS ARTICLE
Iowa Economic Development Authority Board
Iowa
IEDA
Hydrite Chemical Co
Waterloo
Mobile Track Solutions LLC
Elkader
HQJP
Johnson Industrial Park
Veyance Technologies Inc
Mount Pleasant
HQIP
Naturemiri
Coralville
MetaCommunications
Iowa City
Iowa Innovation Acceleration Fund
ProofMe
Stores embrace virtual reality to boost in store fun
Los Angeles reports on retailers like Ikea Lowe's Toms and North Face using virtual reality to entice shoppers. Lowe'sHoloroom lets customers design rooms in 3-D with Oculus Rift and thousands of products then view the result. The program aims to reduce remodeling uncertainty and increase conversion rates while future tech like HoloLens and Tango promise overlays in real spaces.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Brendon Moran
New York
Toms
Los Angeles
Ikea
Lowe’s
North Face
Sapient Nitro
YouTube
Kyle Nel
Innovation Labs
Nel
Google
VW faces $18 billion hit from emissions scandal
Volkswagen will take an 18.2 billion dollar charge to 2015 results and cut its dividend to fund the emissions test cheating crisis. The framework U.S. settlement covers buybacks or fixes for about 500,000 cars and sets up environmental and consumer funds, as VW aims to restore investor and customer trust while facing possible further penalties and ongoing investigations.
MENTIONED IN THIS ARTICLE
Wolfsburg
Germany
Volkswagen
U.S
Europe
United States
Nord- LB
Frank Schwape
Uber to pay up to 100 million to settle driver suits
Uber will pay an initial 84 million to settle suits in California and Massachusetts for about 385000 drivers, with up to 16 million more possible if valuation goals are met. The company will change policies to reduce control over drivers, adopt an independent contractor relationship, and implement driver appeal processes. Drivers may seek tips from riders. Uber will not add a tipping feature.
MENTIONED IN THIS ARTICLE
San Francisco
Uber
California
Massachusetts
Lyft
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Tory
U.S. Department of Justice
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