| Business Briefs for Nov. 25, 2007
Fidelity Homestead Savings Bank opened a branch at 2550 Florida St in Mandeville. Hours are 9 a.m.-4 p.m. Monday-Thursday and 9 a.m.-1 p.m. Saturday. Linda Dupuy, assistant vice president, will be branch manager and Brandie Stewart will be assistant branch manager. The telephone number is (985) 7272-5060. Conference set The Defense Energy Support Center is hosting a Small Business Networking and Training Conference Dec. 11 at the Marriott Baton Rouge at 5500 Hilton Ave. The conference is intended to improve small business participation in federal acquisitions from companies capable of providing energy commodities and services. Those include aviation fuels, naval fuel distillate, gasohol, gasoline, diesel fuels, heating oils, alternative fuels, ethanol; natural gas; aerospace fuels; electricity, including wind, biomass and geothermal renewable energy; and coal.
Building purchase a two-year journey
Douglas Schmidt knew it was time to buy real estate when his rent steadily increased from $2,000 to $3,000 a month in seven years. Schmidt wasn't in the market to buy a house. He was searching for a home for his small business HardSoftCorp., a Brea computer network service provider for mid-sized companies. While buying a house and an industrial/office building share some similarities, Schmidt discovered that his quest had complexities that required the help of dozens of experts. His contact list runs 11 pages. In the end, the purchase and move took almost two years and cost more than $1 million. HardSoft finally moved into its new home at Lambert Road and Berry Street in Brea last week. "You almost have to have blind faith that it will all work out," Schmidt said.
CGT Tax Changes Likely To Hit Small Firms
Small and medium-sized firms are worried that coming changes to capital gains tax (CGT) will have a negative impact on their business, a survey shows. The CBI commissioned the study to assess the impact of the proposed tax changes and the recent credit .
Package has helped only banks: BJP
NAGPUR: The Opposition parties asserted in the Maharashtra Assembly on Thursday that the State government spending hundreds of crores could spare resources to help the crisis-ridden farmers of Vidarbha. They alleged that the Prime Minister's package of Rs. 3,750 crore had helped only the cooperative banks and not the farmers. The most scathing attack came from Bharatiya Janata Party (BJP) leader Eknath Khadse, who said, "You are not applying your power on traders to recover sales tax arrears of Rs. 15,268 crore but the government-backed cooperatives are recovering 10 times the loan amounts from farmers. You have given a package of Rs. 1,200 crore to sugar mills." Opposition demand As the Assembly began its sitting, the Opposition insisted that the discussion on farmers' debts and suicides be held under an adjournment motion needing voting but finally agreed for a debate under Rule 101, which would end with a Ministerial reply.
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