(Black Web 2.0) — A few weeks back, ChubbyBrain and their parent company CB Insights invited Black Web 2.0 readers to try out the beta version Funding Recommendation Engine (FRE), it’s latest product. FRE allowed users to search for potential investors using an algorithm based on the amount of funding required by the entrepreneur, location and experience […]
(Crain’s) — The Illinois Gaming Board has pushed the restart button to launch video gambling statewide. Six weeks after terminating a previously awarded contract, state regulators are once again seeking bids on a central communications system to monitor some 60,000 video gambling terminals expected to be installed at more than 10,000 taverns and other locations […]
(Washington Business Journal) — One week after the close of a campaign that featured copious rhetoric on fiscal responsibility, the D.C. Council got back to work by — introducing and adopting a series of tax breaks. The District may face upward of a $100 million shortfall in fiscal 2011, but never mind that. The council, […]
(AJC) — Georgia’s tax collections in August showed a double-digit gain over last year, keeping the state’s budget plan on track. Read More…
(Washington Business Journal) — Delinquent D.C. taxpayers coughed up only $2 million of the $170 million they owe during the first month of a rare tax amnesty period, meaning the District must collect another $18 million before the end of the month just to break even. The Office of Tax and Revenue says it is on […]
(AP) — Illinois’ first-ever sales tax holiday is in the books, but it may be weeks before there’s any calculation of how much consumers saved at the expense of state coffers. The Illinois Department of Revenue had estimated the state stood to lose as much as $60 million in sales-tax revenue from the 13-day tax […]
(Chicago Sun Times) — A City Hall memo obtained by the Chicago Sun-Times warns police officials that the city will “witness a dramatic decrease in annual revenues and not meet 2010 targets” if a slump in writing parking and vehicle-compliance tickets continues until the end of the year. The Aug. 10 memo, which doesn’t explicitly […]
(Fast Company) — When Conan O’Brien string-dances on TBS this November, it’ll mark a major victory for cable television, which has long been considered second string to big broadcasters ABC, CBS, Fox, and NBC. But any way you slice it — reach, revenue, ratings, and (as Team Coco shows) respect — cable is king. Today, […]
(The Loop 21) — Recently, Russell Simmons, hip hop mogul and generally a brilliant guy in all things related to business, tried to justify his new RushCard as being pro-black. Simmons could talk to the glue off wallpaper. But there is nothing he can say to justify his political stance and his holdings and investments in […]
(Inc) — Global revenue from the sales of virtual goods will reach $6 billion by 2013, according to Minneapolis-based investment firm Piper Jaffray, which isn’t too shabby for a product that has been deemed by many to be “intangible” or “non-existent.” To the contrary, consumers have shelled out millions for clothing, housing and miscellaneous gifts made purely […]
(Technorati) — According to Hölzle, the average web page weighs about 320 KB, and takes just under five seconds to load (4.9 to be exact) and he wants to see performance improve. The same can likely be said for the 1,000 people in attendence for his talk. And it’s not just about user happiness, either. Slow-loading pages […]
(Read Write Web) —Juniper Research asserts, in a study published today, that revenue from mobile applications will grow $22 billion in the next five years. “The combined revenues from apps funded by pay-per-download (PPD), value-added services (VAS, including freemium and subscription) and advertising is expected to rise from just under $10 billion in 2009 to $32 […]