84 Lumber to sponsor national award
The Community Action Partnership has announced that 84 Lumber will sponsor its annual National Entrepreneurship and Innovation Award, which recognizes outstanding efforts promoting community development as a core strategy to increase economic security and reduce poverty.
The award was created last year to honor exemplary community economic development initiatives that are helping low-income people and communities. Fourteen Community Action agencies received the inaugural awards in 2010 for work in areas such as Community Revitalization, Affordable Housing, Energy Efficiency and Job Creation.
“84 Lumber understands community action and has been a great partner and supporter of our work helping low-income individuals and families become self-sufficient. They are actively involved in our Community Action Agencies’ Weatherization efforts — providing state-of-the-art building materials and supplies to help make the houses of low-income homeowners more energy efficient," said Stacy Flowers, the Partnership’s director of community economic development.
"Amid an increased demand for services, Community Action agencies across the country are demonstrating their unique ability to respond proactively to community needs in original and cost-effective ways," said Maggie Hardy Magerko, president of 84 Lumber. "The National Entrepreneurship and Innovation Award provides a prestigious platform for spotlighting these innovative efforts, and 84 Lumber is proud to sponsor it."
Founded in 1956 and headquartered in Eighty Four, Pa., 84 Lumber now operates 277 stores and manufacturing plants in 35 states.
Based in Washington, D,C., the Community Action Partnership provides training and other services to more than 1,000 Community Action agencies across America that assist low-income individuals and families.
Fiberon’s Deck Dollars program promotes the NADRA
New London, N.C.-based Fiberon announced a new incentive for deck builders to join the North American Deck and Railing Association (NADRA).
Throughout 2011, deck builders who sign up as a FiberPRO and make a Fiberon purchase through its Deck Dollars Rebate Program will receive 50% reimbursement of their annual NADRA membership dues.
"The opportunity to utilize the FiberPRO program to further support the voice of our industry creates synergies that the professional deck builder can use to his advantage," said Edie Kello, director of marketing. "Coupling Fiberon’s comprehensive professional deck builder support program with reimbursement of NADRA membership provides access to valuable tools and community resources that will help deck builders attract more clients, improve their bottom line, and build a reputation for their business, both in their community and within their industry."
The new Deck Dollars NADRA Membership Promotion requires professional deck builders sign up for the FiberPRO program and, upon approval, automatically qualify for the Deck Dollars Rebate Program. FiberPROs can then login to submit their initial Fiberon purchases online, which will officially enroll him into the Deck Dollars Rebate Program and prompt the submission for Fiberon’s 50% annual reimbursement of NADRA dues.
Stalled commercial projects finding new capital
In what could be called a sign of recovery, some long-dormant commercial and multi-family projects have kicked back into gear thanks to an infusion of new lending, according to an article in the Wall Street Journal.
Some of the largest U.S. banks are slowly wading into commercial lending, including J.P Morgan Chase & Co., which has financed as much construction in the first six weeks of 2011 as it did in all of last year.
Oliver McMillan has secured $300 million in private equity funding to take over and complete a major mixed-use project in the Buckhead section of Atlanta. An unfinished casino in Atlanta City, N.J., just received a $1.15 billion cash infusion to complete the project. Boston Properties plans to restart construction this year on a $1 billion Manhattan skyscraper that has sat idle since 2009.The Zaremba Group of Cleveland has a $30 million deal to finish a high-rise apartment complex in Tempe, Ariz.
Plans to resume construction on other stalled construction sites include five San Diego projects and a new headquarters for GlaxoSmithKline in Philadelphia. Some developers are building speculative commercial buildings, such as Monday Properties, which is constructing a 35-story office tower in Rosslyn, Va., even though it has no signed tenants.