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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Reading Cooperative Bank v. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.

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NYC Regional EDC, NYC Seedstart Announce Enterprise 2013 Startup Accelerator Program

Buisness Facilities Contributed Content

The New York City Regional Economic Development Council (NYCREDC) and NYC SeedStart have announced “NYC SeedStart Enterprise 2013,” a startup focused accelerator program in New York City. NYC SeedStart Enterprise 2013 will receive a portion of the grant funds and the balance will provide continued support to future accelerator programs.

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Is Your Construction Team Prepared for Cyber Risks?

Pro Builder

Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. In the email, a cybercriminal, posing as a business contact, would indicate an urgent matter that requires an employee to transfer funds to an altered bank account. Encrypt your data and use VPN networks.

Risk 92
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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

From the March/April 2013 issue. And now, without further ado, here are the winners of our 2013 Economic Development Awards. The Alliance has a strong partnership with Broward County’s Workforce One employment center, securing nearly $1 million state and local training assistance for 1,107 employees in local companies.

El Paso 106
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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

The purchases of Treasury and mortgage-backed securities are more than $100 billion a month. When the Fed announced tapering bond purchases in 2013 after the economy recovered from the Great Recession, interest rates spiked quickly and housing softened. Recall that the CPI measure of inflation reached a 13-year high in June.

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Commitment of Confidence

Buisness Facilities Contributed Content

banks – and even a few overseas banking giants – to stabilize their hemorrhaging balance sheets. The recapitalization of the banks prevented the global financial system from going under and a second Great Depression was avoided, narrowly. So what did the banks do with all this largesse from America’s central repository?

Alabama 52
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Flood clean-up work across Europe for New Holland machines

Digger Blog

Some of the worst flooding happened in Modena area where the river Secchia broke its banks. It soon had the river banks reinstated to prevent further flooding. They are also used for natural disasters, to secure the area and demolish and to remove ruins.

Banking 66