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Rough weekend for Modern Continental

PSMJ Resources

According to Saturday's Boston Globe , prosecutors said they brought the charges after plea negotiations wtih the company broke down. Fast-forward to earlier today, when Modern Continental filed for Chapter 11 bankruptcy protection, according to the Boston Business Journal. The company listed URS Corp. million and $3.2 million and $3.2

Boston 40
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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October.

Detroit 49
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State by State Incentives Guide

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million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). Additionally, the company must demonstrate that it can service the debt. 97% increase in personal property tax exemption. TAX INCENTIVES.

Income 108
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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Lenders negotiate their own fees and the USDA charges 2 percent of the guaranteed amount as a one-time fee. EMPLOYEE TRAINING PROGRAMS.

Income 75