Wednesday: Early morning fog, then partly sunny , hot and humid. A chance for afternoon and evening t-showers. An afternoon high ... More...
Chattanooga Named Code for America City
Chattanooga was named as a Code for America (CfA) Fellowship City Tuesday. CfA will provide at least three fellows for a year, beginning in January 2014. City staff and local developers will work with the CfA fellows to develop and test open-source web apps to improve city services and the community around two of the City’s key priorities – safer streets and civic engagement
“City Government will collaborate with some of the top developers and designers from across the country, creating open-source web applications to help address important issues in our community - including public safety,” said Mayor Andy Berke. “I am committed to a more open, transparent, and innovative government – and opening up data is an important way to make government more accessible to our citizens.”
"We are thrilled to officially announce that Chattanooga will participate in our 2014 Fellowship program." said Code for America Co-Executive Director Bob Sofman. "Chattanooga has a remarkable commitment to innovation and is supported by forward-thinking and dedicated staff. This top-notch combination ensures a productive year.”
In addition to focusing on public safety and civic engagement, the Fellows will help to improve the City of Chattanooga’s internal processes, including the procurement process, by working with City departments to develop and determine effective solutions that use tax payer dollars responsibly.
Since 2009, CfA has paired leaders in innovation with local governments, using technology to promote openness and transparency, encourage participation, and solve problems in cities across the country. Together, CfA fellows (top developers, designers, researchers, and product managers) and local governments produce open-source web apps to improve city services. CfA also helps build relationships between City Hall and local technology talent.
“Having Code for America come to the Gig City makes so much sense. Chattanooga has a strong history of civic action and innovation, as well as a new Administration that understands how open data can benefit citizens,” said Tim Moreland of Open Chattanooga. “From the start, Mayor Berke has been supportive of Open Chattanooga's efforts to solve real problems using open data. So when Code for America arrives in Chattanooga, they will find a Mayor, a city, and a community ready to roll up their sleeves and make lasting change.”
Early this summer, the Berke Administration partnered with Open Chattanooga to apply for the fellowship for 2014 and the City of Chattanooga was named a finalist last month. The City secured $250,000 in private funds from the Benwood Foundation and Lyndhurst Foundation. Chattanooga City Council authorized the funding of an additional $180,000. Several private companies have expressed an interest in contributing to the project, including through both
in-kind and monetary contributions.
"We are thrilled to be named a Code for America City. This initiative asks the important question, 'How can technology make our community better?',” said Sarah Morgan, President of the Benwood Foundation. “When we inspire the brightest tech-minds across the country to focus not on the private sector but the public sector, we can address some of our community's most pressing issues."
“Chattanooga is a natural fit for Code for America. This opportunity will not only complement our city's focus on technology and innovation, it will more importantly connect developers with the resources they need to solve real world problems through open data and civic engagement," said Macon Toledano, Associate Director of Lyndhurst Foundation.
The 2014 class of Fellows will include 31 developers, designers, researchers, and project managers leaving private companies such as ZipCar, Intuit, and Lockheed Martin as well as government organizations such as NASA.
Over 50 cities across the country applied for the Code for America Fellowship this year. The 2014 Code for America Cities include:
Long Beach, CA
San Antonio, TX
San Juan, Puerto Rico
Warwick, RI (in collaboration with the State of Rhode Island)
Past CfA Fellowship Cities include Chicago, Boston, Philadelphia and New Orleans.
To learn more, visit http://codeforamerica.org/2014.
More Business News
Last Update on September 02, 2014 17:28 GMT
WASHINGTON (AP) -- U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.
The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 59 from 57.1 in July. Anything above 50 signals that manufacturing is growing.
A gauge of production rose to the highest level in four years, and a measure of new orders jumped to its highest in 10 years. That suggests that the sector should continue to grow in the coming months.
WASHINGTON (AP) -- U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.
The Commerce Department says construction spending rose 1.8 percent in July, the biggest one-month gain since May 2012. It followed a 0.9 percent decline in June, the largest setback in a year. That decline had been blamed in part on soggy weather which depressed construction activity in many parts of the country.
The July rebound pushed total construction to a seasonally adjusted annual rate of $981.3 billion, the highest level since December 2008. Spending on housing, non-residential and government projects all increased.
WASHINGTON (AP) -- U.S. home prices rose in July but at a slower rate compared with earlier this year.
Real estate data provider CoreLogic says prices rose 7.4 percent in July from July 2013. That was slightly below June's year-over-year increase of 7.5 percent.
Prices rose 1.2 percent in July from June.
The smaller price gains should make homes more affordable and support sales. The average 30-year fixed mortgage rate was 4.1 percent last week, the lowest in a year. And the number of available homes rose 3.5 percent in July to the most in nearly two years. A greater supply tends to limit the bidding wars that inflate prices.
BRUSSELS (AP) -- The International Monetary Fund says Ukraine will need billions of dollars in additional support if the fighting between the military and Russian-backed separatists in the country's east persists.
In its first in-depth assessment since granting the country a $17 billion bailout program in March, the IMF said Tuesday "risks loom large" for the country's economy.
It says the bailout program already faces a $3.5-billion funding shortfall through 2015, with the economy forecast to shrink by 6.5 percent this year. Analysts say Ukraine's gross domestic product might tumble even more.
It says if the fighting in the eastern region -- representing about 16 percent of Ukraine's GDP -- were to persist through next year, Kiev would likely need additional support worth $19 billion only to shore up its central bank reserves.
NEW NATURAL GAS PIPELINE
NEW YORK (AP) -- Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
Gas is being relied upon to generate more of the nation's electricity in recent years because the enormous new domestic supplies have drastically lowered its price and it burns cleaner than the nation's other most important fuel for electric power, coal.
The 550-mile project will begin in Harrison County, West Virginia and stretch to Robeson County, North Carolina, in the southern part of the state.
The partners, which included Piedmont Natural Gas and AGL Resources, expect to receive regulatory approval by mid-2016 and to start operating the pipeline in 2018.
HOUSTON (AP) -- Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.
The settlement, which is subject to court approval, will be paid into a trust until appeals are resolved over the next two years.
Halliburton was BP PLC's cement contractor on the drilling rig that exploded in the Gulf in April 2010, killing 11 workers and triggering the largest offshore oil spill in U.S. history.
The deal will settle claims assigned to Halliburton as a result of BP's settlement in 2012 and punitive damages from the loss of property or commercial fishing activity resulting from the oil spill.
DOLLAR GENERAL-FAMILY DOLLAR
GOODLETTSVILLE, Tenn. (AP) -- Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators.
The newest bid from Dollar General is worth $80 per share, up from $78.50. Dollar General's previous bid, worth nearly $9 billion, was rejected by Family Dollar in favor of an offer of about $8.5 billion from Dollar Tree Inc.
Dollar General Corp. says it will now divest 1,500 stores to steer clear of antitrust issues. It previously said it would divest up to 700 stores. The Goodlettsville, Tennessee company has also agreed to pay a $500 million reverse break-up fee to Family Dollar Stores Inc. if the deal runs into antitrust roadblocks.
UNDATED (AP) -- Private equity firm Thoma Bravo is spending about $2.5 billion to buy Compuware and take the software developer private.
The companies say Compuware stock owners will receive about $10.92 for each share they own. That price includes mostly cash and some stock from Compuware spin-off Covisint.
It represents a premium of about 17 percent to the Detroit company's Friday closing price.
Compuware says its board unanimously approved the deal and recommends shareholders vote for it as well. Activist investor Elliott Management has already agreed to vote in favor of the deal. Elliott holds more than a 9 percent stake in Compuware Corp. and tried to acquire the company last year.
Thoma Bravo and Compuware expect the deal to close early next year.
Shares of Compuware are soaring in morning trading.
NORWEGIAN CRUISE LINE-PRESTIGE-ACQUISITION
NEW YORK (AP) -- Norwegian Cruise Line is getting into the luxury cruise business by acquiring Prestige Cruises International in a deal worth about $3 billion.
Prestige operates high-end cruise lines Oceania Cruises and Regent Seven Seas Cruises.
Norwegian Cruise Line Holdings Ltd., based in Miami, values the deal at $3.025 billion, when debt is included. Its shares are up more than 10 percent today.
Prestige is owned by the private equity firm Apollo Global management LLC, which also owns a large stake in Norwegian.
The deal is expected to close in the fourth quarter.
1-800-FLOWERS-HARRY & DAVID
1-800-FLOWERS buying Harry & David for $142.5M
CARLE PLACE, N.Y. (AP) -- 1-800-FLOWERS.COM Inc. is buying Harry & David for $142.5 million to help broaden the assortment of foods that its customers can choose as gifts.
The deal includes Harry & David Holdings Inc.'s brands, websites, 47 retail stores, some plants, orchards and its headquarters in Medford, Oregon.
Harry & David's fruit, food and other gifts are housed under brands including Wolferman's, Cushman's and its namesake. Products include Royal Riviera pears, Wolferman's specialty English muffins and Cushman's HoneyBells citrus gifts.
1-800-FLOWERS' brands already include Fannie May, Cheryl's and The Popcorn Factory.
The transaction is expected to close in October.
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
SideroadsTake a ride with Brian Smith to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
Road TrippinCome Road Trippin' with us and see all the great sites in your area!
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
This N ThatLearn about the latest in community affairs and great events with Brian Smith on This 'N That.
Educator of the WeekNominate now for Educator Of The Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!