Mon, Jul 06, 2009

Business

Industry News & Notes

Tucson, Arizona | Published: 10.09.2006
TUCSON
The U.S. Department of Housing and Urban Development has awarded grants to two rural communities in Arizona to stimulate economic development. The Elfrida Citizen's Alliance will receive a Rural Housing and Economic Development grant award in the amount of $300,000. The nonprofit works to provide owner-occupied home repair and homeownership opportunities, and works with local businesses to boost economic development. The nonprofit International Sonoran Desert Alliance in Ajo also was awarded a grant of $300,000, to be used to create a new economic development center.
● Tucson-based Providence Service Corp. announced it has acquired the corrections division of Maximus Inc., a company that provides private probation supervision services, for $3 million in cash. Providence also assumed some liabilities. The division, which has an estimated annual revenue of $8 million, will become a Providence subsidiary, the company said. The probation business maintains 109 contracts in Georgia, Tennessee, South Carolina, Florida and Washington.
Arizona
● The 2nd Annual Joint Western Regional Mine Safety and Health Conference will be held in Mesa Oct. 23-26. The U.S. Mine Safety and Health Administration is a sponsor of the event, along with educational groups, other government agencies and the mining industry. It will be held at the Phoenix Marriott Mesa Convention Center, 200 N. Centennial Way in Mesa. The welcoming ceremony begins at 8:30 a.m. Oct. 24. The conference registration fee is $275 per person. For more information, visit fireacademy.unr.edu/msha online.
nation
● One of two nuclear reactors at Surry Power Station in Virginia remained shut down Sunday after two electrical transformers that provide backup power to the plant quit working. Unit Two was shut down around 6 p.m. Saturday after steam blew out some sheet metal, which landed on a power line that serves one of the backup transformers, said Richard Zher, a spokesman for Dominion Resources Inc., the Richmond-based power company that owns the plant. Officials weren't sure what caused the second transformer to shut down, Zher said.
Pennsylvania is trying to persuade the nation's top financial services companies to establish backup operations in the state so that markets can recover quickly in the event of another terror attack on New York. Gov. Ed Rendell has pledged more than $30 million to "Wall Street West," an initiative to build millions of square feet of office space, improve infrastructure and install hundreds of miles of fiber-optic cable in as many as nine Pennsylvania counties. Executives from more than 20 leading Wall Street firms are scheduled to take a helicopter ride from Manhattan to the Pocono Mountains on Tuesday to listen to the sales pitch. The government has said that financial services companies should be able to resume processing financial transactions as early as two hours after an attack.
● National briefs compiled from wire reports. ● Send notices for Tucson Industry News & Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; by fax to 573-4144; or by e-mail to business@azstarnet.com.