Three NPI inspectors have gone on to get certifications this month: Wes Grant in Indian Trail, NC has received his North Carolina certification, Jeff Arellano in Casa Grande, AZ has received his Arizona certification, and Fred & Lynn Tonte in Wesley Chapel, FL received their HUD certification. Congratulations to all of you.
A recall has been announced for Kohler Co. manufactured shower doors. The recall effects approximately 100 units within the United States. Full Story
The $214 million has been allocated to 17 community banks across the United States to promote new lending to small business owners. The U.S. Department of the Treasury program responsible for overseeing this plan, the Small Business Lending Fund (SBLF), is rolling out these efforts to stimulate new business growth in this sector.
Lending has already taken place in the past through this program. To date, $337 million has been distributed amongst 23 banks throughout the United Sates. The Treasury has also released information that more funding will be made available in the upcoming weeks in a further reaching effort.
There is good news for small business loans – 7(a) lending has increased over last year. $16.2 billion in these loans have been approved in this fiscal year, which is up from $10.9 billion during the last. In 2009, that number was just $6.4 billion during the same time period.
It is estimated that small businesses account for approximately one-half of all American jobs. Also, these businesses are responsible for 60% of gross job creation, making it an important area to emphasize in order to restabilize the U.S. economy.
In other efforts to help stimulate growth amongst small businesses, there have been 17 tax breaks enacted to provide $50 billion in relief for these companies. They were drafted to stimulate economic investment, job creation and retention, and new growth.
Other programs have also been created to help new investment in this sector. The State Small Business Credit Initiative (SSBCI) will act to leverage private financing to open up $15 billion in new capital to small business owners. Already there have been 54 states and territories to apply to the SSBCI for consideration. A total of $570 million in this funding has already been approved specifically for the small business sector. Full Story>>>
Touch Point Oscillating Ceramic Heaters sold in Meijer department stores are being recalled due to potential fire hazard. The recall effects approximately 13,000 units sold in the United States. Full Story
American Honda has recalled about 2,500 portable generators in the United States. They have been recalled, because the instructions on the generator’s batteries have been mislabeled. The labels have been printed in Japanese, but English replacements can be ordered from American Honda free of charge. Full Story
The presence of a foul, sewer smell in the home can mean that gases are entering the home through the plumbing. Pouring water down a rarely used drain may remedy the situation because this replaces the water seal.
General Electric and Sharp have recalled about 90,600 GE Zoneline Air Conditioners and Heaters. The recall took place due to possible electrical issues, which could lead to a fire hazard. Link to Full Story