IS IT TRUE the Brookings Institute has just released a comprehensive study on America’s Advanced Industries: Where they are, What they are, and Why the matter, and Evansville, Indiana is not to be found in the list of the top 100 places in the United States for such things?…the most chilling conclusion for the future of the country that still leaves room for hope for the present was the following:
“The United States is losing ground to other countries on advanced industry competitiveness. The United States has the most productive advanced industries in the world, behind only energy-intensive Norway. However, this competitiveness appears to be eroding.”
IS IT TRUE that the Winnecke campaign in 2011 spoke often to the Partnership Intermediary Agreement (PIA) that was signed between GAGE and the NAVSEA Crane Division in 2008 and even supported leveraging that agreement to spur some local job growth?…that ten year agreement is now in its 7th year with few tangible results to show for it?…we wonder if that will be a campaign promise again in 2015?…the other entrepreneurial need that the Winnecke Campaign of 2011 made some commitments to move forward was a local Angel Investment Network?…that one seems to have fallen off the radar as well as there has been no news anywhere regarding investments or events held locally whereby local money was invested in local ideas or entrepreneurs?…if start-ups are the job creation engines of the United States, Evansville is doing a paltry job of creating the atmosphere where such things flourish?
IS IT TRUE the full Brookings Report is on the following link?
AdvancedIndustry_FinalFeb2lores
IS IT TRUE the Evansville Redevelopment Commission has voted by a tally of 4-1 to extend a zero interest loan made to GAGE in the aftermath of the 2009 Freedom Festival through 2021 making this loan a 12 year term with no interest charges?…it is widely known that the losses incurred by GAGE in their attempt to put on the Freedom Festival exceeded $500,000 and that the Freedom Festival was never a part of the tasks of GAGE at it’s formation?…there was indeed a meeting about that where former Mayor Jonathan Weinzapfel looked directly at the current Mayor Lloyd Winnecke and said “this festival is not going away on my watch, someday when you are Mayor you can kill it if you want to?”…that decision and the losses that followed are what created the need for the $280,000 loan that was extended to 12 years at zero interest yesterday?…the Freedom Festival was managed by a three person consortium of members of the executive committee including current Mayor Lloyd Winnecke?
IS IT TRUE the $280,000 loan to GAGE was intended to be secured by the Industrial Incubation Building on the curve of Riverside Drive that sits on a little over 3 acres?…that building had been donated to the predecessor to GAGE that was called ABCDE Inc.?…somehow that building that was supposed to have served as collateral for the $280,000 loan was allowed to change hands without forgiving the loan?…it now houses some seasonal stuff that is used by the LST?…the original intent as crafted by then DMD Director Tom Barnett was to use it to store valuable architectural elements taken from old houses slated for demolition by the City of Evansville?…those architectural elements were to have been sold in galleries in major cites to fund improvements to the Art’s District?…it was a good plan that never was implemented?…GAGE’s loan should have been forgiven when that building changed hands?
IS IT TRUE that SS&C Technologies Holdings Inc., the Connecticut based a provider of software for the financial services industry that enjoys free rent on the 3rd floor of the Innovation Pointe Building, agreed to acquire Advent Software Inc. for an enterprise value of $2.7 billion?…SS&C will pay $44.25 a share for its rival, plus the assumption of debt, according to a statement today?…Advent closed at $41.39 in New York, giving the company a market value of about $2.1 billion?…Advent, which also produces software used by fund managers, called off a sale effort in early 2013, saying that it decided to remain independent after conducting a strategic review?…the purchase would be the largest on record by SS&C, topping an $814 million acquisition of hedge-fund administrator GlobeOp Financial Services SA in 2012?…we understand that the 3rd floor of Innovation Pointe was used as an attraction tool to help convince SS&C to put a small branch office in Evansville, but wanted to point out that Evansville is subsidizing a business that is capable of buying a competitor for $2.7 Billion when the rent for the 3rd floor of Innovation Pointe would only amount to about $10,000 per month?
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