Columbia SC News Update 12-29-2010
The 2011 outlook is more optimistic in the Upstate than the Lowcountry, according to the latest construction barometer released by Carolinas Associated General Contractors. The barometer did show increased activity in the third quarter, however, despite the absence of federal stimulus spending.
Net income for the year increased slightly and benefited from a settlement with the company‚Äôs former CFO. While fiscal year profits and revenues increased, results for the quarter ended Sept. 30 were down compared to the same quarter last year.
Winnsboro-based Montana Biopolymers plans to have its first production line ready for testing in April and expects to add approximately 10 jobs in the first two years. The company will also continue to develop a line of adhesives it has on the market.
A Greenville man received 27 months' imprisonment for his role in a three-year e-mail scam that falsely promised a reward for assisting in the transfer of monies from Africa to the United States. A federal judge ordered him to pay more than $147,000 in restitution to his victim.
The Aiken-based holding company for Security Federal Bank announced today that H. Odell Weeks Jr. has been appointed as a director of the company and the bank, J. Chris Verenes will be CEO and Frank M. Thomas Jr. will be president, all effective Jan. 1.
The foundation gave 22 Caritas grants totaling $51,000 to nonprofit and faith-based organizations across South Carolina. The grants come shortly after the foundation distributed $260,000 in other grants.
The Daily Report is published by the Columbia Regional Business Report,
Got a news tip or story idea? Let us know about it.
To start receiving the Daily Report in your e-mail each day, subscribe online.