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Archive for November, 2010

Program Focuses on Rhode Island Jobs

Monday, November 29th, 2010

A new program is helping returning veterans apply and be eligible for Rhode Island jobs.

As America honors past and present veterans today, the fact remains that we still have a large number of returning service members that will be fighting another battle - unemployment.

While the national unemployment rate, according to the U.S. Bureau of Labor Statistics is 9.6%, the unemployment rate for returning veterans between the ages of 18-24 is at 21.1%.  This high percentage of unemployment is due partly to stereotyping veterans’ fitness for employment, such as inadequate technology skills and lack of education.

Fortunately, there is one company – BRS Aerospace, a manufacturer of parachute systems for aviation and military applications – that is focusing its attention on getting a group of veterans back to work now. The South St. Paul, Minn. company recently opened a new 125,000 square foot facility in Pompano Beach, Fla. Currently they have hired 100 employees and have plans to hire 400 additional workers.

Commencing on Veterans Day, 15 returning veterans will begin their training and by Thanksgiving they will be gainfully employed.

“While we are focused on hiring the best talent to produce these specialized heavy cargo parachutes, we feel honored that we can put a group of veterans to work by Thanksgiving. It is the least we can do for them,” said Larry Williams, BRS Aerospace Chief Executive Officer.

BRS Aerospace is being assisted in the hiring and Mobile Outreach Skills Training (M.O.S.T. ®) program training effort by the Florida Manufacturing Extension Partnership (Florida MEP). The Florida MEP has streamlined the hiring and training process, in addition to identifying skilled veterans. The veterans from Florida will receive the benefits of the M.O.S.T.® program when the mobile training program brings its state-of-the-art M.O.S.T.® unit to Pompano Beach. Florida, MEP will set up shop in the parking lot of the new BRS Aerospace facility and provide the latest manufacturing training to the veterans, many who are minorities. Following the completion of the training, the returning service members will receive permanent employment with BRS Aerospace.

The M.O.S.T.® program is a fast-track, intensive skills training, recruitment, assessment and placement program that prepares unemployed and underemployed individuals, including returning veterans and minorities for entry level productions jobs in a fraction of the time of traditional programs. The unique M.O.S.T.® program identifies jobs prior to training, trains hard-to-serve populations for high wage jobs with benefits, fills the existing skills gap, and has a job retention rate of 87%. This program has been successfully implemented in Mississippi, Massachusetts, Maine, New Hampshire, Vermont, Connecticut, Rhode Island and in Florida.

“With the opening of our new facility, we are excited to bring additional jobs to Broward County, and proud to be working with the Florida MEP to provide employment to those who have bravely served our country,” said Williams. “We look forward to working with the Florida MEP to bring additional veterans into our company and decrease the unemployment rate for veterans in our state.”

Joseph Duggan, a veteran who has fought for our freedom and is fighting to find work said that he had been “going out and putting applications at numerous places and just going from place to place,” but was unsuccessful in finding employment. Having successfully completed a recent M.O.S.T.® training, Joe was hired by Haynes Corporation, in Naples, Florida.

“The M.O.S.T.® program is one example that is available in many states that provides quick-start job training for small and mid-sized manufacturers in need of entry-level workers,” said Dr. Claudia Follet, Director of Grants and Partnership Development. “We outfit the M.O.S.T.® traveling unit with cutting-edge equipment and offer participants an opportunity to upgrade or learn new manufacturing skills.”

With the unique advantage of mobility, the M.O.S.T.® program is able to take its services to the parts of the state where jobs and potential employees are located. The unit can be situated right at the doorstep of an employer’s facility or at a location convenient for trainees. Additionally, the M.O.S.T.® program can be customized to suit the needs of participating employers, which helps reduce the time it typically takes for a trainee to become a productive employee.

“In this time of economic uncertainty where jobs are scarce, Florida MEP is proud of the M.O.S.T.® program’s ability to help veterans secure employment through skills enhancement. We are excited to work with BRS Aerospace and other companies to positively affect the livelihoods of these veterans,” said Dick Peck, Chair of the Florida MEP.  ”With additional funding, we are confident that we could put 5,000 more veterans in existing jobs.”

Mobile Job Training Helps Create Jobs in Rhode Island

Tuesday, November 16th, 2010

A new program, mobile job training, is helping to create a plethora of jobs in Rhode Island.

As America honors past and present veterans today, the fact remains that we still have a large number of returning service members that will be fighting another battle - unemployment.

While the national unemployment rate, according to the U.S. Bureau of Labor Statistics is 9.6%, the unemployment rate for returning veterans between the ages of 18-24 is at 21.1%.  This high percentage of unemployment is due partly to stereotyping veterans’ fitness for employment, such as inadequate technology skills and lack of education.

Fortunately, there is one company – BRS Aerospace, a manufacturer of parachute systems for aviation and military applications – that is focusing its attention on getting a group of veterans back to work now. The South St. Paul, Minn. company recently opened a new 125,000 square foot facility in Pompano Beach, Fla. Currently they have hired 100 employees and have plans to hire 400 additional workers.

Commencing on Veterans Day, 15 returning veterans will begin their training and by Thanksgiving they will be gainfully employed.

“While we are focused on hiring the best talent to produce these specialized heavy cargo parachutes, we feel honored that we can put a group of veterans to work by Thanksgiving. It is the least we can do for them,” said Larry Williams, BRS Aerospace Chief Executive Officer.

BRS Aerospace is being assisted in the hiring and Mobile Outreach Skills Training (M.O.S.T. ®) program training effort by the Florida Manufacturing Extension Partnership (Florida MEP). The Florida MEP has streamlined the hiring and training process, in addition to identifying skilled veterans. The veterans from Florida will receive the benefits of the M.O.S.T.® program when the mobile training program brings its state-of-the-art M.O.S.T.® unit to Pompano Beach. Florida, MEP will set up shop in the parking lot of the new BRS Aerospace facility and provide the latest manufacturing training to the veterans, many who are minorities. Following the completion of the training, the returning service members will receive permanent employment with BRS Aerospace.

The M.O.S.T.® program is a fast-track, intensive skills training, recruitment, assessment and placement program that prepares unemployed and underemployed individuals, including returning veterans and minorities for entry level productions jobs in a fraction of the time of traditional programs. The unique M.O.S.T.® program identifies jobs prior to training, trains hard-to-serve populations for high wage jobs with benefits, fills the existing skills gap, and has a job retention rate of 87%. This program has been successfully implemented in Mississippi, Massachusetts, Maine, New Hampshire, Vermont, Connecticut, Rhode Island and in Florida.

“With the opening of our new facility, we are excited to bring additional jobs to Broward County, and proud to be working with the Florida MEP to provide employment to those who have bravely served our country,” said Williams. “We look forward to working with the Florida MEP to bring additional veterans into our company and decrease the unemployment rate for veterans in our state.”

Joseph Duggan, a veteran who has fought for our freedom and is fighting to find work said that he had been “going out and putting applications at numerous places and just going from place to place,” but was unsuccessful in finding employment. Having successfully completed a recent M.O.S.T.® training, Joe was hired by Haynes Corporation, in Naples, Florida.

“The M.O.S.T.® program is one example that is available in many states that provides quick-start job training for small and mid-sized manufacturers in need of entry-level workers,” said Dr. Claudia Follet, Director of Grants and Partnership Development. “We outfit the M.O.S.T.® traveling unit with cutting-edge equipment and offer participants an opportunity to upgrade or learn new manufacturing skills.”

Companies Hire for Telecommunications Jobs in Rhode Island

Wednesday, November 10th, 2010

A couple of companies are teaming up to form opportunities and telecommunications jobs in Rhode Island.

National Grid and Verizon Business will form an alliance to provide communications services for National Grid’s U.S. and U.K.-based business, to support the delivery of National Grid’s innovative energy management solutions. The strategic agreement retains jobs in Central New York and invests in National Grid’s communications network, the companies announced today.

“Verizon Business, a company known for its quality service, community engagement and workplace excellence, is the right choice as a partner in technology, customer focus and long-term commitment to Central New York, the northeast, and beyond,” said Tom King, president of National Grid in the U.S. “We are pleased that Verizon Business will be part of our effort to support jobs in Central New York. National Grid values its role as a partner in the economic development and vitality of the communities we serve.”

As part of the transition, up to 23 National Grid network dedicated roles in the U.S. will be available in Verizon Business, and Verizon Business expects to fill approximately 20 additional project roles to support its transition plans. King said the selection of Verizon Business and the retention of local jobs reinforce National Grid’s long-term commitment to Syracuse and other National Grid locations in U.S.

The selection of Verizon Business as its network partner is part of a companywide transformation of National Grid’s information services to better serve customers. National Grid expects to spend more than $27 million in the next two years to modernize its networks and telecommunications infrastructure as part of its work with Verizon Business.

“Verizon has long been a proponent of the use of smart technology to change business models and societies,” commented Blair Crump, Verizon Business president, worldwide sales. “We have a great, synergistic business fit with National Grid, and a clear understanding of the drivers behind the company’s business strategy. We look forward to helping the company transform its operations to support future business growth”

The choice to align with Verizon Business is another example of National Grid commitment to the Central New York region.

That commitment was also recently affirmed with the strategic decision to make Syracuse the hub of critical responsibilities for National Grid’s entire U.S. business. From this single location, more than 230 National Grid Central New York employees direct payroll, accounts payable, employee and retiree benefits, procurement and other essential services from the company’s newly established Transactions Delivery Center.

The decision to locate the transactions center in Syracuse complements other new National Grid employment in the region. Since 2009, National Grid has hired nearly 450 individuals to work in its downtown Syracuse facility. Beyond the hiring for the transactions center, positions added include engineering, field management and National Grid’s customer contact center.

To accommodate potential job growth, National Grid is refurbishing the interior of its downtown Syracuse campus. The interior refurbishing joins a multi-million dollar investment in the maintenance, repair and improvements of the exterior the company’s historically significant, landmark Syracuse headquarters.

Capital Properties Expands for Jobs in Rhode Island

Wednesday, November 3rd, 2010

Capital Properties has announced financial results and plans for new jobs in Rhode Island.

The company reported net income of $267,000 and $1,057,000 for the three and nine months ended September 30, 2010. Based upon 6,599,912 shares, the basic income per common share for the same periods was $.04 and $.16. For the three and nine months ended September 30, 2009, the Company had reported net income of $341,000 and $1,079,000, respectively. Based upon 6,599,912 shares, the basic income per common share for the same period was $.05 and $.16, respectively.

For the three and nine months ended September 30, 2010, leasing revenue increased $125,000 and $141,000, respectively, from 2009 due to the termination of the rent relief granted two tenant in 2009 and scheduled increases in rentals under long-term land leases. For the three months ended September 30, 2010, leasing expense decreased $11,000 due to lower legal fees in connection with two leases offset in part by depreciation on the Steeple Street Building and an increase in real property taxes. For the nine months ended September 30, 2010, leasing expense increased $146,000 due to higher legal fees in connection with two leases, an increase in real property taxes, depreciation on the Steeple Street Building and the hiring of a new employee. These increases were offset in part by the reversal of an allowance for doubtful accounts of $62,000.

For the three and nine months ended September 30, 2010, petroleum storage facility revenue increased approximately $30,000 from 2009 due to the May 1, 2010 annual cost-of-living adjustment of $82,000 under the lease for the petroleum storage facility. For the three and nine months ended September 30, 2010, petroleum storage facility expense increased $282,000 and $189,000, respectively, from 2009 due principally to costs of $210,000 recorded in connection with the leak in a tank in August 2010. For the three months ended September 30, 2010, the increase was also due to higher levels of scheduled repairs and maintenance.

For the three and nine months ended September 30, 2010, general and administrative expense remained at approximately the 2009 level.

In April 2010, the Company borrowed $6,000,000 from a bank. This loan bears interest at the rate of 6 percent per annum and has a term of ten years with repayments on a twenty-year amortization schedule (monthly principal payments of $25,000). For the three and nine months ended September 30, 2010, interest was $91,000 and $155,000, respectively. In May 2010, the proceeds from the loan were used principally to fund a special dividend of $5,478,000 to shareholders, which represented the Company’s earnings and profits as calculated for federal income tax purposes at December 31, 2009.