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Killexams : Cloudera Developer exam plan - BingNews Search results Killexams : Cloudera Developer exam plan - BingNews Killexams : Cloudera Announces New Hybrid Data Capabilities

SANTA CLARA, Calif., Oct. 12, 2022 — Cloudera, the hybrid data company, today announced new hybrid data capabilities that enable organizations to more efficiently move data, metadata, data workloads and data applications across clouds and on premises to optimize for performance, cost and security. Cloudera’s portable data services enable simple, low-risk data workload and data application movement for ultimate data lakehouse optionality.

The company’s new secure data replication simplifies and secures movement of data and metadata, the latest SDX enhancement in Cloudera’s unified data fabric. And Cloudera universal data distribution delivers the first data ingestion solution built for hybrid data. These new capabilities are key to getting control of hybrid data through a data-first strategy. When companies do right by their data, the entire business can access and analyze it without limitations.

“As data continues to grow exponentially, enterprises must identify the critical tools that enable rapid business transformation in an increasingly hybrid and multi-cloud environment,” said Daniel Newman, founding partner and principal analyst at Futurum Research. “Cloudera has a long proven track record for handling large and complex data volumes in even the most highly regulated and compliance intensive industries. With these updates, Cloudera is further advancing its position as a leader for data-first enterprises seeking to leverage AI/ML and hybrid architectures to drive their businesses forward.”

The volume of data businesses collect and store from on-premises, cloud and streaming locations continues to soar. Statista projects the total amount of data generated globally to hit more than 180 zettabytes by 2025. This is the challenge of hybrid data. Adding to the pressure that require organizations to derive insights from their data at an ever-faster pace are economic and market forces. Furthermore, industry experts agree that getting control of data at scale is the only way to drive continuous business transformation with ML and AI. Cloudera’s new data analytics and data management innovations for hybrid data are specifically designed to help organizations manage data at scale across data centers and public clouds, helping make ML and AI business transformation possible.

“Cost or performance is not a choice companies want to make, especially since – as enterprises move to a hybrid, multi-cloud world – these two things are tightly interlinked, ” said Sudhir Menon, Chief Product Officer at Cloudera. “Organizations that choose a data-first strategy can focus on how they deliver value, not just how they spend money. A huge piece of this is the ability to move data and workloads whenever and wherever throughout a modern data architecture to meet evolving business requirements. Cloudera has always provided consistent data security and governance across hybrid cloud, and with these updates will do so between all data services across all infrastructures.”

The new Cloudera data analytics and data management innovations for hybrid data include:

  • Portable Data Services enable data analytics and the data applications that are built with them to be moved quickly and efficiently between different infrastructures without costly redeveloping or rearchitecting the data applications. CDP Data Services – Data Engineering, Data Warehousing and Machine Learning – are each built on a unified code base and offer identical functionality on AWS, Azure and on-prem Private Cloud. Using data services that run identically across different clouds – yes the same bits – makes it easier for users, administrators and developers to turn data into value and insight. Users have the same data experience, irrespective of where the data is stored or where the data applications run – the same data analytics functions, same Cloudera SDX security and governance, tailored to run seamlessly with the cloud-native storage on the preferred cloud. Only Cloudera delivers true hybrid data analytics that enables organizations to easily move data workloads and data applications across clouds to optimize for performance, cost and security.
  • Secure Data Replication enables data and the metadata to be copied or moved quickly and securely between different Cloudera deployments in data centers and public clouds. Data is often created in different places from where it’s needed. Secure data replication is enabled by the replication manager, the latest addition to Cloudera SDX. Only Cloudera’s Replication Manager moves the metadata that carries data security and governance policies with the data wherever it goes, eliminating the need to reimplement them. Replication manager is a data movement service that moves data and metadata from on-premises to cloud or cloud to cloud in real time with an easy policy driven interface, enabling hybrid data flexibility.
  • Universal Data Distribution enables companies to take control of their data flows, from origination through all points of consumption both on-premises and in the cloud, in a universal way that’s simple, secure, scalable and cost-effective. Universal data distribution is enabled by Cloudera DataFlow, the first data ingestion solution built for a hybrid data world. Unlike dumbed-down, target-system-specific, wizard-based connector solutions, Cloudera DataFlow provides indiscriminate data distribution with 450+ connectors and processors across an ecosystem of hybrid cloud services including data lakes, lakehouses, cloud warehouses, on-premises and edge data sources. Cloudera DataFlow, is a true hybrid data ingestion solution that addresses the entire diversity of data movement use cases: batch, event-driven, edge, microservices and continuous/streaming. With Cloudera DataFlow, streaming is treated as a first-class citizen, turning any data source into a data stream, supporting streaming scale, and unlocking hundreds of thousands of data-generating clients.

About Cloudera

Cloudera believes data can make what is impossible today, possible tomorrow. Cloudera taught the world the value of data, creating an industry and ecosystem powered by the relentless innovation of the open source community. Cloudera empowers its customers, leaders in their industries, to transform complex data into clear and actionable insights. Through Cloudera’s hybrid data platform, organizations are able to build their data-driven future by getting data, no matter where it resides, into the hands of those that need it.

Source: Cloudera

Tue, 11 Oct 2022 12:00:00 -0500 text/html
Killexams : The big data problem underlying cybersecurity

Responding to cybersecurity threats for much of the past 30 years, says former Navy CIO Rob Carey, invariably meant managing a combination of firewall, intrusion detection and identity management tools — and a growing array of data.

The problem, says Carey, now CEO of Cloudera Government Solutions, is that “the tools we use in cyber today…are not necessarily big data platforms that can deal with petabytes at a time, or even more, and still be effective.” That’s forcing CIOs and CISOs to look at that challenge from a different perspective, he says in a new episode of The Daily Scoop Podcast.

“Sometimes you need more money; sometimes you need to stare at the problem differently,” he says.

Carey suggests a smarter approach involves asking the question, “How can I take advantage of big data platforms to enable the cyber security toolset that I have to work better?”

Carey maintains that with AI and ML, it’s possible to look at security threats from a behavioral standpoint, rather than from a signature standpoint. AI and ML have started to demonstrate the ability to “automate some of the decision making so that now the people in the security operations center can focus their human eyes on more complex problems.”

“The larger the network surface area, the more data is coming in,” especially with the Presidential Executive Order on Cybersecurity requiring continuous monitoring, he says. That requires not only capturing more data but enriching it so it algorithms can process it faster. Carey goes on to explain how more advanced data platforms can help CIOs and CISOs identify cyberthreats faster and take more appropriate action to mitigate them.

You can hear latest news and trends facing government leaders on such syllabus as technology, management and workforce on FedScoop and on The Daily Scoop Podcast channels on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.

This podcast was produced by Scoop News Group for The Daily Scoop Podcast and underwritten by Cloudera.

Rob Carey is president of Cloudera Government Solutions. Prior to leading the public sector divisions of several IT and security firms, Carey served as CIO of the Department of Navy and principal deputy CIO of the Department of Defense.

Wed, 12 Oct 2022 07:30:00 -0500 en text/html
Killexams : Cloudera, Hortonworks Plan to Merge as $5.2B Cloud Data Platform

Cloudera and Hortonworks, two large, publicly traded companies that compete to offer Web-based data storage and analytics, announced plans today to merge into a combined entity they value at $5.2 billion.

Share prices for the two Silicon Valley companies spiked in after-hours trading following the announcement Wednesday that both their boards approved the all-stock deal. Palo Alto, CA-based Cloudera (NYSE: CLDR) and Santa Clara, CA-based Hortonworks (NASDAQ: HDP) said they expect the merger to close during the first quarter of 2019 if it passes an antitrust review.

The goal of the combined entity is to provide a leading data platform that builds on what the companies describe as their complementary strengths: Hortonworks in data management and Cloudera in data storage and advanced analytics using machine learning software. Both companies developed services based on the Hadoop open-source software designed to manage and draw insights from large data sets.

While an antitrust review would weigh whether the merger of the two rivals could decrease competition to the detriment of customers, Business Insider’s Nick Bastone wrote Wednesday that other tech heavyweights, including Amazon, Microsoft, Google, and Oracle, have already become players in the field.

According to TechCrunch’s Ron Miller, the market had slowed for both the big Silicon Valley companies commercializing Hadoop technology, given the emergence of other big data platforms.

The proposed merger comes at a time when Web-based data platforms are offering customers the ability to use artificial intelligence software to analyze data distributed among their own data centers as well as multiple cloud storage options. These platforms are also extending the reach of cloud computing to distributed “edge clouds” located close to where data is generated by mobile devices and machines. In the statement announcing the deal, Hortonworks CEO Rob Bearden said the merger would position the combined entity to grow and compete in streaming video and the Internet of Things—two fields where edge computing is being tested for its ability to increase the speed of data transmission.

If the merger goes through, Cloudera CEO Tom Reilly will become the chief executive officer of the blended company, and Bearden will join its board of directors. Cloudera shareholders will own about 60 percent of the equity of the merged company, while Hortonworks shareholders will own the remaining shares. Hortonworks shareholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock they own. The multiplier derives from a calculation of the ratio between the two companies’ share prices over 10 days through October 1.

Photo credit: Cumulonimbus cloud by Bernard DUPONT via Flickr, used under a CC BY-SA 2.0 license.

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Sun, 02 Oct 2022 12:00:00 -0500 Bernadette Tansey en text/html
Killexams : Developer rekindles fight with Prospect over affordable housing plan

LOUISVILLE, Ky. (WDRB) — A developer is once again attempting to build hundreds of affordable housing units for low-income renters just outside Prospect — a plan that so enraged residents of the wealthy suburban city that they cobbled together $230,000 in an effort to thwart it when first proposed five years ago.

LDG Development’s reworked plan for “Prospect Cove” comes after the Metro Council in 2017 took the unusual step of overruling city planners and rejecting a zoning change that was vehemently opposed by Prospect residents.

Prospect’s mayor and other residents have said their ongoing opposition to Prospect Cove has to do with the scale of the complex, not the people who would live there.

“The immense size, the quantity of it, is inappropriate in or near the city of Prospect,” Prospect Mayor John Evans told WDRB News in an interview Wednesday.

LDG claims the real motivation is illegal discrimination against people of color and low-income tenants.

The company says evidence recently gathered as part of its lawsuit against Metro government and Prospect — including depositions of Evans and some Metro Council members — buttresses those claims.

“It supports the position that we've held from the very beginning: That it has nothing to do with the development itself but everything to do with the race and the socio-economic status of who this development will serve,” Christi Lanier-Robinson, LDG’s executive vice president, told WDRB on Wednesday.

Latest plan largely unchanged

The latest plan for Prospect Cove calls for a three-story complex with 178 one- and two-bedroom units. It’s scaled down slightly from the 2017 plan of 198 units and four stories.

LDG is no longer designating the units as “senior” housing for those over 55, but “most if not all” of the apartments would still be reserved for tenants who meet low-income guidelines established by federal Department of Housing & Urban Development, Lanier-Robinson said.

That means tenants could earn no more than $47,450 for a single person to $67,750 for a family of four, according to HUD’s 2022 guidelines.

Louisville Mayor Greg Fischer and other elected officials have said the city has an acute shortage of affordable housing, and that affordable units should be available in every corner of Jefferson County.

However, those aspirations often run into neighborhood resistance when specific plans are released.

Low-income renters are not the norm in Prospect, where the vast majority of residents are high-income homeowners.

The median family income in 40059, the zip code that largely encompasses Prospect, was $175,938 in 2020, or more than twice the median family income of Jefferson County as a whole, $75,482, according to U.S. Census data.

More than 92% of 40059 residents own their homes, compared to 61% for Jefferson County as a whole.

Prospect Cove would be built on a vacant lot — 6500 Forest Cove Lane and 7301 River Road — near the strip center containing the Kroger grocery.

Given the considerable interest in the project, the Metro Planning Commission next week will hold a special nighttime public hearing to consider LDG’s zoning change. The meeting is at 6:30 pm on Tuesday, Oct. 18 at Kentucky Country Day School, 4100 Springdale Road.

About 400 residents — the vast majority opposed to Prospect Cove — attended the 2017 public hearing for the original plan, according to Evans.

On Tuesday, “I am hopeful that everyone who cares about this issue will come to this critical hearing,” Evans wrote on Prospect’s website recently.

Lawsuit evidence

LDG sued Metro government and the Metro Council in late 2017, arguing that the “unlawful and discriminatory denial” of the zoning change for Prospect Cove violated the U.S. Constitution’s equal protection clause and the federal Fair Housing Act.

LDG plans to ask a judge Monday to let it broaden those allegations after years of discovery in the case, including depositions with Metro council members, Prospect officials, emails and other new information. It now accuses the city of Prospect of those federal violations that also are levelled at Metro government.

In particular, LDG’s amended complaint filed in court documents this week accuses Evans, Louisville Metro Council member Scott Reed and others of working to keep the project from advancing because of who would live there.

“Prospect, its taxpayers, Mayor Evans, Councilmember Scott Reed, and others conspired together with a discriminatory motive to prevent the development of Prospect Cove Senior in order to exclude minorities, senior residents, disabled residents, residents from certain national origins, and low-income residents from living in or near Prospect,” LDG’s proposed new complaint reads.

In one example, LDG claims in court documents that Evans emailed a Prospect resident about a Courier Journal article in November 2017 shortly after the Metro Council voted 14-11 to deny the zoning change.

Prospect Mayor John Evans spoke to WDRB News in his office on Oct. 13, 2022. 

Evans wrote that the article made clear that LDG’s aim was to “relocate downtown’s population problems to Prospect,” adding that “[w]e really dodged a bullet this time,” according to court records.

LDG claims Evans said during a deposition in the case that Louisville Mayor Greg Fischer has “a lot of problems downtown and he’s trying to spread them out” across Jefferson County, including Prospect.

Evans said in an interview with WDRB News that his attorney advised him against speaking to the LDG claims.

“I’m not going to respond to those allegations because they are seeking to sue Prospect, and the matter going into litigation -- it would simply be inappropriate … I will say, however, that as far as racial stuff is concerned, until recently my next-door neighbor was African American. Hell of a nice guy … The people who live there now are Hispanic. And the only problem with that is that we can't talk to each other, because I don't speak their language and they don't speak mine.”

Prospect City Attorney Chris Gorman, a former Kentucky Attorney General, said LDG’s claims amount to “race baiting.”

He and Evans said Prospect still objects to the apartment plan based solely on its size.

“That's what this is all about,” Gorman said. “They want to scream race. They don't want to try it on the facts, because the facts aren’t on their side.”

LDG also claims that Prospect interfered with its business by “actively trying to undermine, interfere with, and destroy LDG’s interests” in the original Prospect Cove plan. Among other examples, it says the city raised funds in an effort to buy the land for another development project that didn’t include affordable housing. 

In a deposition taken earlier this year, Evans acknowledged that in early 2017, he solicited private developers who said they could build restaurants, office buildings and “some apartments” on the Prospect Cove site. But they needed to match the $2.8 million that LDG was under contract to pay for the property, and the developers thought it was worth only $1.6 million.

Evans testified that he pursued a plan to close the gap, which involved Prospect purchasing a portion of the site for a public park and additional effort to raise $390,000 in voluntary contributions from residents. About 290 households sent checks totaling $230,000, Evans said in the deposition, excerpts of which are included in LDG’s lawsuit.

The effort fizzled when LDG raised its bid for the land to $3 million or $3.1 million, Evans said in the March 30, 2022 deposition.

LDG also claims that Reed, the Metro Council member who sponsored the ordinance against the zoning change, kept documents on the case in what was dubbed the “Big File.” 

In the ongoing lawsuit, LDG has outlined how it believes Reed’s ordinance was factually flawed. Reed’s file contains “notes, correspondence, and other documents that reflect the motivations and secret dealings that led to the vote to deny the zoning change,” according to its new filings.

Those records are public, the developer alleges, and haven’t been produced. Reed, a Republican representing the 16th Metro Council District, which includes Prospect, “intentionally disposed of or otherwise destroyed the Big File, knowing its destruction was in violation of Kentucky law,” LDG alleges.

Reed declined to comment. “On the advice of attorney/council, I cannot speak on zoning and legal matters,” he said in a text message.

Proximity to gas station questioned

On Wednesday, Evans raised another objection that he and others have long had to Prospect Cove: That it would be built near the Kroger gas station, which would expose residents to cancer-causing fumes.

LDG has said the plan complies with Kentucky environmental regulations, and professional planners didn’t raise objections based on proximity to the gas station when the 2017 plan was vetted.

LDG claims in the lawsuit that Prospect residents’ concerns about the gas station are belied by the fact that they were willing to build a public park and restaurants on the site.

But in his deposition, Evans said the park would have been on the other end of the site, farthest from the gas station, and that a smaller apartment complex could also be placed at greater distance from the fumes.

He told WDRB, “If it (the development) were smaller, you could move it further away from the from the gas station.”

LDG is separately planning a second affordable housing development called Veridian at Prospect’s Edge, which would be off U.S. 42 just north of Prospect.

With 164 units, Veridian would be slightly smaller than Prospect Cove. It could house former residents of the Beecher Terrace public housing complex in west Louisville, the company has said.

Lanier-Robinson said the developer is still pursuing the plan, but hasn't started construction. Unlike Prospect Cove, the Veridian development does not need a zoning change.

Evans also opposes the Veridian plan because its location is too remote and not walkable to anything, he has said.

“There is nothing up there…," he said in the March 2022 deposition. "It’d be like taking people and putting them out in a cornfield."

Copyright 2022 WDRB Media. All rights reserved.

Thu, 13 Oct 2022 14:48:00 -0500 en text/html
Killexams : Development plan identifies right targets

Scranton’s new “strategic development plan” is like any other in that it ultimately will rely on execution, on which the city has a mixed record. But it’s also different than many of its predecessors in that it focuses on fundamentals, takes a long view and builds on existing strengths, rather than envisioning big, home-run development projects.

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Sat, 17 Sep 2022 22:06:00 -0500 en text/html
Killexams : In search of a development plan for Asia

Can a region as complex and fast-changing as Asia devise and implement a comprehensive development plan? The Jakarta-based Economic Research Institute for Asean and East Asia, which just released its third “Comprehensive Asia Development Plan” (CADP), thinks so.
The report deserves serious consideration. Drawing on the research and insights of experts from the Asean Secretariat and institutes from 16 countries, including Australia, New Zealand, and East Asian countries, it maps out how Asia could deepen regional economic integration, narrow development gaps, and advance sustainable development.
CADP 3.0 represents a major step forward from its predecessors. CADP 1.0, published in 2010, focused largely on transport infrastructure, from roads to airports. CADP 2.0, released in 2015, recognised that true connectivity – essential to regional integration – also depended on information and communications technology. CADP 3.0 takes this further, examining the role of digitisation in supporting integration, innovation, inclusiveness, and sustainability.
This sequence mirrors the “three unbundlings” the economist Richard Baldwin has described, each of which defines a phase of globalisation. The first – the separation of production and consumption – occurred when advances in transportation drastically lowered the costs of moving goods. The second – the separation of various parts of the production process – arose when information and communications technologies reduced the costs of moving ideas, enabling coordination across any distance.
The third unbundling is the separation of service delivery and use. From teleconferencing to telerobotics, technologies increasingly enable people to provide services without having to travel. This means that service workers in developing countries can increasingly do knowledge work for advanced-country customers, but at a much lower cost. As Baldwin points out, wage rates in the services sector represent the “greatest remaining global arbitrage opportunities.” At the same time, professionals in advanced economies can also provide services to developing-country clients at high rates.
CADP 3.0 seeks to seize the opportunities the third unbundling creates. It urges East and Southeast Asian countries to invest in artificial intelligence and industrial robots, expand 5G broadband networks, and build on the Regional Comprehensive Economic Partnership to Improve data standards and digital rules. Ultimately, East and Southeast Asia would create a digital single market, underpinned by shared data infrastructure and common rules and standards.
It is difficult to argue with the logic behind this vision. But in a region as diverse as Asia, translating it into reality would be difficult, to say the least, especially at a time of deepening ideological and geopolitical fault lines. The main barrier to success is neither technological nor financial. Instead, it is the implementation capacity – or lack thereof – of local, national, and international institutions.
CADP 3.0 is a broad strategy to advance simultaneously a large number of complex and interconnected goals in areas ranging from rural poverty and population ageing to water safety to pollution. The level of on-the-ground co-ordination this demands may well be beyond the capabilities of most developing-country bureaucracies, not least because of their siloed structures.
Multilateral development banks and aid agencies, for their part, are well equipped to handle large-scale projects and programs. But they have considerable operational weaknesses when it comes to managing large numbers of projects involving diverse micro, small, and medium-size enterprises.
No matter how elegant and compelling a top-down development plan for Asia might be, it is unlikely to be implemented. Instead, we must embrace a bottom-up approach.
Digital technologies should play a central role in such an approach, for example, by providing the data and processing power (through AI) to deliver bottom-up feedback and facilitate coordination. And connectivity hubs – from regional financial centres like Singapore and Hong Kong to new technology platforms – can Improve the allocation of funding and knowhow. Direct engagement and consensus-building will be essential to avoid collective-action traps.
Narratives are vital here. Top-down plans often lack the appeal to emotion and sentiment that is needed to change human behaviour. But bottom-up efforts reflect people’s ideas and aspirations. This supports the creation of narratives capable of inspiring and empowering social movements and triggering a huge number of small changes, thereby creating systemic change.
The relatively slow pace of Asean integration is probably frustrating to those who believe that a clear plan is the key to progress. But integration can never be a neat and efficient process in a region comprising highly diverse countries at vastly different stages of development. Actors need time to learn how to work with one another, build local and regional consensus, and develop the necessary design, implementation, and oversight capabilities. — Project Syndicate

Wed, 28 Sep 2022 11:44:00 -0500 ar text/html
Killexams : Export development plan to be finalized

THE Philippine Export Development Plan 2023-2028 is eyeing to make the country an exporter of high-value products and services.

Speaking at the Philippine Exporters Confederation's Third Quarter General Membership Meeting on Wednesday, Trade Secretary Alfredo Pascual said the Department of Trade and Industry (DTI) recognizes the valuable contributions of exporters, including micro, small and medium enterprises (MSMEs), in driving growth to the Philippine economy. The country's total exports increased to more than $74 billion in 2021, as compared to $65 billion in 2020. The United States, China, Japan, Hong Kong and Singapore remained the Philippines' top export markets.

Among the commodity groups that presented strong growth in 2021 were electronics, mineral products, cathodes, refined copper, chemicals and coconut oil, among others, Pascual said.

"Building on these initial gains, we are drafting a Philippine Development Plan for 2023-2028," he said.

"For this new Philippine Development Plan, we are pursuing to transform our country from an exporter of commodities and intermediate goods to an exporter of high-value products and services. Our new directions are headed toward complete data analytics, stronger and wider stakeholder engagement, product and market matching, and a proactive legislative agenda," Pascual added.

To achieve this, the DTI will support industry development through priority clusters, namely industrial, manufacturing and transport (IMT); technology, media and telecommunication; health and life sciences; and resource-based industries.

The first cluster, IMT, provides the country with upgrading opportunities in aerospace, automotive and semiconductors.

Pascual expressed hope that these strategic directions and concrete developments will help build Filipino entrepreneurs' confidence as exporters.

"Our focus on industry clusters, our suite of preferences and incentives that are well-integrated in policy reforms, our record in supporting MSMEs to integrate in exporting companies' value chains, and our priority to grow and scale MSMEs all encourage you to do more — to produce more, to sell more, to export more," he said.

Fri, 02 Sep 2022 04:41:00 -0500 en-PH text/html
Killexams : Employee housing development plan is in limbo after developer’s lawyer disputes county decision

A potential commercial or industrial development with employee housing that could bring more than 20 employee housing units to Breckenridge was on the table, but a decision on the development plan was not made at the Summit Board of County Commissioners regular session Tuesday, Sept. 13. Now, a representative for the development says the plan’s future may be in doubt.

The project in question would be located near Broken Compass Brewing off of Airport Road on the way to Breckenridge and could provide up to 30 housing units.

“It’s a very important (planned unit development) based on what it provides,” said Danny Teodoru, the lawyer who represented the development plan’s applicant.

Teodoru said the location, the affordability and the crucial need for more housing in the county made this employee housing project important to pass. 

The driveways of condominiums at Winterpoint Townhomes are pictured Feb. 18 in Breckenridge.

“I think that everyone is in support of employee housing,” Deputy County Attorney Keely Ambrose said.

However she added that there were complications with off-site employee housing rates if employees cannot be found to fill the units. 

The proposal began in January of this year at a meeting with the Upper Blue Planning Commission. Originally, the housing site was only supposed to have 18 units of employee housing, but the applicant wanted to add more, increasing the number of units to 30.

From that meeting, the commission recommended the county eliminate the rule that there be a ratio of commercial square footage to residential square footage to create more flexibility for future development. 

However, county rules say an area median income restriction is still necessary for anyone who does not qualify for employee housing but still wants to live there. 

In addition, the planned development would also change from a commercial and industrial development to an affordable housing and residential development. The applicant asked for the density restriction to be eliminated.

County officials are concerned this would not work out. If employees are not found to fill the employee housing units, then the planned development becomes more of an affordable living area than an employee housing area, according to the staff report. This is why an area median income restriction is necessary — to prevent a use other than what was planned in the original zoning documents.

Simply put, it discourages people who aren’t employees from moving in, officials said.

Teodoru proposed a restriction of 120% of area median income for non-employees.

However, Ambrose pointed out that the board voted over the summer to allow a maximum of only a 110% area median income for affordable housing. 

The difference between the two costs may not seem like much, but rent goes up $500 per month between 100% AMI and 120% AMI. 

The affordability aspect of yearly income between the two also has a difference of $15,000.

Units that are at 100% area median income are affordable to those who make about $73,000 a year, and 120% area median income units are affordable to someone who makes nearly $88,000 per year, according to Summit Combined Housing Authority data for 2022 — and those calculations are only for a one bedroom apartment. 

The applicant also suggested the 120% income rate instead of a 100% or 110% income rate because of the increased cost of construction, a trend many developers have seen in the past few years, according to Lindsay Hirsh, senior planner for Summit County government. 

David Rossi, the communications director for Summit County government, said this modification brings up a problem much bigger than additional employee housing units in Breckenridge: land use. 

Rossi said this application brings to light the issue of how best to use land in Summit County and what kind of density to put within those land constraints. 

Teodoru was willing to fight, however. 

“We’re actually encouraging the provision of employee housing, with every business that gets built,” Tedoru said. “What do businesses look for now? They look for the ability to have employees live in this county. It’s an absolute issue. So what we want to do is have something where businesses can come in and say: I can build there, and I can build employee housing.”

At the end of the meeting, the modification was not approved, and the issue was tabled to another meeting in October. 

“To be frank, I don’t know that we’re going to move forward with the application,” Teodoru said after the commissioners voted to extend the decision making process. “There’s a chance that we’re probably not going to.” 

Mon, 19 Sep 2022 10:37:00 -0500 en-US text/html
Killexams : Judge OKs plan by late developer Welkowitz estate to sell some assets to pay down debt

Lancaster County Judge Richard J. Reich on Monday approved a proposal by the estate of late real estate developer Richard Welkowitz to sell its stake in an ATM-owning partnership to Lancaster-based investment firm Heller Capital Group for $13.8 million.  

The move is designed to pay down debts incurred by the estate. One of Welkowitz’s businesses, Blackford Development, was a 95% owner in a partnership that owns 5,138 ATMs, according to a previous filing outlining the plan.  

Under previously reported terms of the proposed sale, Heller Capital Group would pay the Welkowitz estate $3 million cash at closing. Then it would pay $300,000 a month to the estate for three years, totaling $10.8 million.

The creditors at issue are owed $51 million, according to filings in the county Register of Wills. 

The Heller Capital Group, which is a 5% owner in the partnership, would become sole owner through the deal.  

Several banks, as creditors to Welkowitz’s estate, had raised objections as they sought more information, but most were resolved before the hearing, according to the judge’s order. Those banks were PeoplesBank and Traditions Bank, both based in York, Centric Bank of Harrisburg, and Univest Bank & Trust of Souderton. Barley Snyder law firm represents the Welkowitz estate.  

Welkowitz died by suicide Dec. 26, 2019, leading to claims filed by more than 30 creditors totaling more than $210 million, according to Register of Wills and county court filings.

Since 2020, the estate has been trying to raise money to pay creditors. In July 2020, Welkowitz’s estate auctioned 17 luxury cars and a motorcycle for more than $7 million at an auction in Indianapolis, Indiana.

At another auction that summer, more than 600 of Welkowitz’s belongings, including autographed sports memorabilia, car-related items, artwork and office equipment, were sold. The proceeds of that sale were not available.

Later that year, the estate sold Welkowitz’s home just north of Boca Raton, Florida, for nearly $5.8 million.

Welkowitz founded Crown Properties, which became Blackford Development, in 1968. Among the many properties he developed was Lancaster Outlet City, which opened in 1982 on Lincoln Highway East. It is now Tanger Outlets.

Fri, 14 Oct 2022 12:47:00 -0500 en text/html
Killexams : Exporters look forward to new export development plan
Catherine Talavera - The Philippine Star

October 3, 2022 | 12:00am

MANILA, Philippines — The Philippine Exporters Confederation, Inc. (PhilExport) is optimistic about the soon to be completed Philippine Export Development Plan (PEDP), as it sets aggressive new directions while addressing areas for improvement.

“We’re optimistic about the new PEDP. It’s more than just renewing commitment to export development, it’s about being bold and aggressive while recognizing persistent areas for improvements where we must have the determination to solve permanently,” said PhilExport president Sergio Ortiz-Luis, Jr., who also serves as the vice chairman of the Export Development Council (EDC).

Ortiz-Luis said the new and improved PEDP for the period 2023 to 2028 is in its final stages of completion.

He said the draft plan was recently discussed in a meeting of the executive committee of the EDC.

Among the bold and innovative solutions proposed in the draft plan include the lifting of  land ownership ceilings for commercial scale agribusiness and establishing a Bureau of Agri-Industrial Cooperatives Development in the Department of Agriculture, according to PhilExport.

Also proposed in the draft is the amendment of the charters and regulatory frameworks of the Land Bank of the Philippines, Development Bank of the Philippines and the Small Business Corporation to allow them leeway to fulfill their mandates.

Meanwhile, the group said the ratification of the Regional Comprehensive Economic Partnership agreement (RCEP) is also a key recommendation in the plan.

The RCEP is a free trade agreement among the 15 Asia-Pacific nations, including the Philippines, creating the largest trading block representing nearly a third of the world’s gross domestic product.

PhilExport said the draft PEDP also highlights private sector opportunities to hone Filipino creative capabilities and build global brands from the unique features and benefits of the Filipino products and services.

Trade Secretary Alfredo Pascual earlier said at the PhilExport general membership meeting that the Philippines is being positioned as an exporter of high-value products as part of its goals under a new PEDP.

Pascual said a number of commodity groups presented strong growth in terms of exports in 2021 up to the first half of this year.

These include electronics, other manufacturers, mineral products, cathodes, refined copper, chemicals and coconut oil.

“For this new Philippine Export Development Plan, we are pursuing to transform our country from an exporter of commodities and intermediate goods to an exporter of high value products and services.Our new directions are headed toward complete data analytics, stronger and wider stakeholder engagement, product and market matching, and a proactive legislative agenda,” Pascual said.

Mon, 03 Oct 2022 00:00:00 -0500 text/html
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