Our network

Business

Consumers paying credit cards first, mortgages second

The recession has forced many struggling families across the country to confront a difficult choice: pay off credit card bills or make mortgage payments.

Before the downturn, consumers overwhelmingly opted to stay current on their mortgages before tackling other nagging debts. This pattern, however, has changed. More consumers are choosing to pay credit card bills and let mortage payments run delinquent, according to TransUnion, a credit management company.

In the fourth quarter of 2010, 7.24 percent of homeowners were mortgage-delinquent and credit-card current. While that's down from 7.40 percent in the third quarter, it remains 72 percent higher than it was at the beginning of the Great Recession. Only 3.03 percent of consumers in TransUnion's report fell behind on credit card payments in favor of making mortgage payments in the last quarter of 2010, the lowest percentage on record.

Growing ScienceLogic

Growing ScienceLogic

Ideas are dime a dozen and can strike at any moment, whether we’re shopping for groceries, driving during our morning commute, picking up our kids from school, or waiting in long TSA lines at the airport. In most cases, our ideas generate as simple solutions to our own everyday problems, but sometimes they carry the potential to grow into highly successful business endeavors. According to industry studies, only two out of every 3,000 new products launched and a mere 1 out of every 100 ideas make it big. ScienceLogic is no different. It’s three founders, who were all previously working for large corporations, decided that there should be an easier way to monitor and manage IT systems. Just a few years later they find themselves nurturing a successful, growing company in their hands. Are they the one out of 100 ideas that will make it? Only time will tell…

Stratford University Holds Grand Opening Event for Richmond Campus Wednesday

Stratford University Holds Grand Opening Event for Richmond Campus Wednesday

On Wednesday morning, Stratford University hosted a grand opening ribbon-cutting ceremony in honor of their new Richmond campus, located at 11104 W. Broad Street in Glen Allen, Va.

Nearly 150 guests from legislative offices and local businesses alike gathered for the landmark occasion.

Notables such as  Patrice Lewis, Outreach Representative for the Office of Senator Mark R Warner and Tim Grimes with the Greater Richmond Chamber of Commerce  addressed the crowd while the Honorable Gerard Robinson, Virginia Secretary of Education served as the keynote speaker.

During the ceremony, Eric Robison, President of the Greater Richmond Association for Commercial Real Estate presented Dr. Richard Shurtz, President of Stratford University and Mark Slusher of TGM Realty Investors (lead builder for the Richmond campus) with the GRACRE's Best Renovation/Reuse Project Award in the Richmond region for 2010.

New Franklin Park Owner Seeks TIF For Public Improvements

New Franklin Park Owner Seeks TIF For Public Improvements

This story comes to us from Leslie Braunstein?:

Greenbelt, MD, April 6, 2011 – More than 50 representatives of state and local government bodies, Federal government agencies, military bases, utility companies, and universities attended a political summit hosted by the new ownership of Franklin Park at Greenbelt Station, a 153-acre rental apartment and townhome community located in Prince George’s County, MD. The participants agreed to form public-private partnerships to help redevelop and improve this 153-acre property that represents about half of the population of Greenbelt.

OPOWER

OPOWER

OPOWER is an industry leader in Energy Efficiency and Smart Grid software. Through their patentpending approach, they have successfully converted large-scale customer engagement into a highly reliable energy efficiency program that delivers unprecedented energy savings to their utility partners. Modern DC Business recently sat down with OPOWER CEO Dan Yates and President Alex Lasky.

What does O stand for in OPOWER?
There’s no one answer: the O represents many different things to many different people, all of them positive. We love it for its openness, optimism, and limitless opportunity.

Your company provides a software solution in the cutting edge business of  Smart Grid. Please explain for non-industry experts why they should get excited about Smart  Grid? What does it mean to the average consumer?

Footage Firm's CEO, Joel Holland

Footage Firm's CEO, Joel Holland

How do you concentrate doing all that you do? How do you give enough attention to all that you do? What suffers?

Vegetables in Vending Machines? You Bet!

Vegetables in Vending Machines? You Bet!

While it may seem odd at first to find vegetables in vending machines, the country is about to see this not only become a trend, but find out it’s here to stay! This food revolution comes as a result of the vending machine make-over by a San Diego-based company that has franchises stretching from one end of the country to the other.

"People have had enough of all the unhealthy food options. They really want something more nutritious, today,” explains Jolly Backer, the chief executive officer of Fresh Healthy Vending (www.freshvending.com). “Until now, getting something healthier might not have included convenience, which is something else that people want. So we have paired the two in a perfect combination.”