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INDUSTRY-SPECIFIC NEWS STORIES:

Is downtown San Diego the right place for a new Chargers stadium?

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Posted date: 6/15/2009

It’s a First: Schools Sell Bonds That Give Investors a Tax Credit

The San Diego Unified School District’s $38.8 million in construction bonds issued June 15 are the first tax credit bonds ever issued under the American Recovery and Reinvestment Act of 2009, according to the Bank of New York Mellon, the acting transfer agent.

The new financing arrangement is intended to provide funds for upgrades to schools. The law allocated some $22 billion for this new type of debt, according to a Reuters report.

With the new bonds, the district will have to pay interest on the debt because the bonds were priced at par, or 100 cents on the dollar.

Instead of being paid interest, investors get tax credits that are fixed for the life of the bonds.

— Mike Allen

February 8-14, 2010

CONNECT Goes to Washington
Most high-tech entrepreneurs and innovators don’t have time to put on a tie and sit through a three-hour meeting about policy issues in Washington, D.C. They are too busy creating the next generation of digital mobile applications and lifesaving health care products, and creating jobs for the new innovation economy. There has not been a strong voice or presence in the nation’s capital to represent these innovators, who neither have the money nor bandwidth to lobby or educate representatives on their needs and interests — until now.

S.D. Companies Race to Build Gene Machines
Technology contenders in the race to decode a person’s entire genetic makeup for less than $1,000 have been making gains in recent months, signaling that the finish line isn’t far ahead.

Conference Focuses on Methods to Combat Cyber Attacks
The creative and destructive power of the Internet emerged as a major topic of the West 2010 military conference, sharing the stage with more time-honored topics such as ships and naval strategy.

Scripps Health Issues $220M in Revenue Bonds
Scripps Health, currently in the middle of a building spree intended to bring its aging health care facilities up to date while accommodating future population demands, sought help financing its projects through the public markets last week.

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