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California is Rolling in Dough

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In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. We tend to come down on the rainy-day side of these discussions, since many of the states who suddenly find their pockets bulging still have large debt obligations, including massive pension payments.

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BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

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The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455-million deal, according to a report in the Baltimore Sun. The company filed for a Chapter 11 reorganization of its debts in U.S.

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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. The program ends December 2016. EMPLOYEE TRAINING PROGRAMS.

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