Cash-Strapped States Turn to Public-Private Partnerships
November 14, 2013 | PewStates
Still strapped for cash in the aftermath of the recession, states increasingly are partnering with private companies to build and maintain highways, prisons, water facilities, tunnels and even hospitals and schools. Since these partnerships began two decades ago, their popularity has increased to the point where today, two-thirds of the states have laws authorizing so-called “P3s,” and 24 states recently have considered legislation related to the partnerships, according to the National Conference of State Legislatures.
Tech Entrepreneurs Revive Communal Living
November 17, 2013 | San Francisco Chronicle
Across San Francisco and the region, young technocrats are taking over the leases of grand estates and transforming them into modern-day communes. Unlike hacker hostels, these "co-living spaces" are meant for entrepreneurs seeking a more permanent home and adopting a lifelong philosophy of communal living: shared groceries, family dinners and an emphasis on group perks (i.e., yoga rooms and bowling alleys) over personal space.
The SBA's $1.5 Billion Franchise Loan Problem
November 15, 2013 | BusinessWeek
Buying a franchise business, even when your loan is backstopped by the federal government, is riskier than you might think. The latest evidence: More than 40 percent of buyers of a single franchise defaulted on the loans that the Small Business Administration guaranteed over a dozen years. The failures left buyers in bankruptcy and taxpayers on the hook for $11 million, according to a new report by a congressional watchdog.
$3 Million Gift Hopes to Boost Innovation