SHARE Email Facebook Twitter Economy, Jobs That Pay, Press Release Harrisburg, PA – Governor Tom Wolf announced today that Eldorado Stone, LLC, a Headwaters Company that manufactures architectural stone veneer, will consolidate its Greencastle-based manufacturing facility and Hagerstown, Maryland-based distribution facility into a new dual-purpose site in Franklin County. The move will create 57 new jobs over the next three years.“Eldorado Stone’s decision to consolidate a Maryland facility with a Pennsylvania facility, creating one new facility and new jobs in Pennsylvania is great news and is illustrative of the commonwealth’s welcoming environment for businesses,” said Governor Wolf. “I am proud that Eldorado Stone saw the benefits that Pennsylvania provides and has chosen to increase capacity, expand jobs, and further grow its markets from a site within the commonwealth.”In an effort to streamline costs and improve efficiency, Eldorado Stone will lease a 432,000-square-foot, build-to-suit manufacturing and distribution facility on 25.4 acres in the Antrim Commons Business Park, Antrim Township. The company plans to invest $6,880,000 in the project, including the leasehold and upgrades to equipment and processes. Eldorado Stone has committed to the creation of 57 new, full-time jobs over the next three years, and to the retention of 243 existing employees.“We at Eldorado Stone are grateful to the community and state for such an opportunity. By consolidating our operation, we will provide improved service to our customers. The move will allow us not only to service our customers better by improving our capacity, but will also provide an improved working environment for our colleagues. The flow of our manufacturing and warehousing operations will vastly improve in the areas of safety, ergonomics, and flow. These improvements will enable us to increase our capacity and shorten lead times for our customer,” said Eldorado Stone Plant Manager Frank Guthrie. “By staying in Franklin County, we are able to retain our skilled workforce and provide a superior product for our customers, so this opportunity is a win-win for all parties.”Eldorado Stone received a funding proposal from the Department of Community and Economic Development that includes a $250,000 Pennsylvania First Program grant and $114,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs. The company has also been encouraged to apply for a $400,000 in low-interest loans from the Pennsylvania Industrial Development Authority.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Franklin County Area Development Corporation (FCADC) and the Greencastle-Antrim Chamber of Commerce.“The decision of Eldorado Stone, LLC to consolidate and expand its Franklin County presence is significant for several very important reasons. It ensures the retention of 243 employees while conservatively projecting the creation of 57 new, family-sustaining jobs. The construction of a 432,000-square-foot building in the Antrim Commons Business Park stands to be a catalyst for the continued development of what is arguably one of the premier business locations on the I-81 corridor,” said FCADC president Mike Ross. “Moreover, the company’s decision to maintain operations in Franklin County is reflective of Pennsylvania’s competitive business climate.”“To say the Greencastle-Antrim Chamber of Commerce is delighted that Eldorado Stone is not only staying in Greencastle, but also expanding its operations might qualify for the understatement of the year,” said Georgina Cranston, Greencastle-Antrim Chamber of Commerce executive director. “Frank Guthrie and his team at Eldorado Stone are exactly the kind of company the Greencastle-Antrim community covets: a leader in its field, committed to the community, and here for the long term. It’s great that the state of Pennsylvania and all the parties involved worked together to make this happen, and the Chamber looks forward to working with Eldorado Stone every step of the way.”Established in 1969, Eldorado Stone, LLC is a leading manufacturer of architectural stone veneer with a reputation for high quality products and outstanding customer service. Over the past 45 years, the company has expanded its product line to include brick veneer, fireplace surrounds, and outdoor living solutions. Eldorado Stone currently operates manufacturing facilities in several states with regional distribution centers across the country.For more information on Eldorado Stone, visit www.eldoradostone.com.For more information about the Governor’s Action Team or DCED, visit dced.pa.gov.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Governor Wolf Announces Expansion of Eldorado Stone, LLC in Franklin County September 29, 2016
On the topic of the technical parameters that would help save costs for Swiss pension funds, most respondents cited less regulation.Werner Hertzog, managing director at Aon Hewitt Switzerland, to IPE: “For the first time, they are talking about variable pension payouts or mandatory lump-sum payments upon retirement for parts of the assets.”The data collected by the consultancy showed that the average performance over the last seven years – 2.2% – covered just 80% of the required returns, yet the average pension payout level remained the same.Hertzog said adding a variable pension element to a basic fixed pension was “one possibility to put an end to these transfers” of active members’ assets to retirees.“But it might not be the right solution for all Pensionskassen,” he added.Hertzog said he was convinced that a variable scheme would become “a standard in the above-mandatory segment sooner or later”, especially if pension funds of public organisations such as the SBB were introducing it.”Many Swiss pension experts are sceptical whether the SBB will defy unions and follow through with its proposal to introduce a variable pension element in future contracts. At the energy pension fund PKE, which is introducing a variable element from next year, three-quarters of the active members were in favour of the measure.Ronald Schnurrenberger, managing director at PKE, added: “They are aware it will be themselves who will have to live with this variable pension element of 10% of the payout – we were surprised.”But Brigitte Schmid, managing director of the Swiss Re Pensionskasse, is “completely against” the model, as “you cannot be sure it will really also lead to an increase of the pension payout at times”.“People will feel something is taken from them,” she pointed out, adding that it might be better to lower the technical parameters further.At Swiss Re, she is “rather” looking into a mandatory lump-sum payment on retirement as opposed to a life-long pension payout – “if such a measure is introduced at all”.Markus Hübscher, managing director at SBB Pensionskasse, said the debate always made it sound as if the whole pension payout would be variable in future – “but 90% or even more are fixed”.He argued that Pensionskassen “should not make promises they cannot keep”.According to Hertzog, variable pension payouts can be calibrated in different ways – for example, as an absolute means of last resort if they are combined with an already very low discount rate.“Pensionskassen,” Hertzog said, “should use the flexibilities they still have within the legal framework, and a variable pension element is not about cutting benefits, it’s about risk-sharing of retirees.”For more on Switzerland’s flexible pension payouts, see the December issue of IPE magazine. The topic of variable pension payouts generated a heated debate among delegates at the presentation of this year’s Aon Hewitt pension fund survey in Zurich.This year’s survey, Aon Hewitt’s sixth, canvassed more than 160 Pensionskassen, with more than CHF237bn (€193bn) in combined assets under management.According to Marianne Frei, actuarial expert at the consultancy, the shift from defined benefit (DB) to defined contribution (DC) continues apace.She also highlighted further cuts in technical parameters such as the discount rate ‘technischer Zins’ and the conversion rate ‘Umwandlungssatz’ in those pension funds managing above-mandatory contributions.
On paper, the No. 20 Wisconsin football team had little business being on the same field as No. 3 Alabama Saturday night.Games aren’t won on paper, though, and the Badgers were out to prove that.Didn’t go so well.In back-to-back seasons now, Wisconsin lost its prime-time season opener against a Southeastern Conference west division powerhouse. Last year, the Badgers let an early lead slip away in the fourth quarter during a 28-24 loss to LSU in 2014, also in Texas.For the second straight year, the Badgers have missed an opportunity to prove to the nation that they belong on the same field as those teams.The game essentially ended when Rafael Gaglianone lined up for a 34-yard line with three seconds left in the first half of a 14-7 game against Alabama Saturday night.Had the sophomore kicker carried over his consistency from last season when he made his final 14 attempts, the Wisconsin football team would have entered the locker room down four and with a legitimate chance of pulling off an upset.But Gaglianone pushed his kick right and the ball pinged off the right goal post. Wisconsin couldn’t get it going again, and the Crimson Tide rolled to a 35-17 win at AT&T Stadium in Arlington, Texas.But after all of the hype heading into Saturday night’s matchup against the third-ranked team in the nation and a blue-blood football program, there’s still an entire season left to play. A whole 11 games to go. And fortunately for Wisconsin, Saturday was most likely the only time they entered a game as underdogs.Sure, there were mishaps and glaring faults Saturday night. Wisconsin head coach Paul Chryst said the coaching staff counted 17 missed tackles. That was the entire unit’s fault, outside linebacker Joe Schobert, who had a game-high 13 tackles, said.“Everybody on defense had mistakes the other night,” Schobert said. “Like I said, we’re gonna learn from it.”And if last season is any indicator, the Badgers will learn from it. History tends to repeat itself.The hype from the fans and media were about that one game because, to be honest, it’s the only exciting matchup for the Badgers for a while, at least until the standings begin to shake out and a trip to Indianapolis is on the horizon.“We knew who we were opening up with and who we were going to play for our last game and we knew everyone in between,” Chryst said. “There was a lot of buildup to our first game, but the guys have been pointing to a lot more than just that game. And I’m glad; it stung me, it stung the players. Any time you go out there and put yourself out there and compete, it’s going to — but also, our kids didn’t just point to one game and that was going to be it.”Like last year, no team on the remaining non-conference schedule poses a threat. The three non-conference opponents left are Miami (Ohio), Hawaii and Troy, who posted a combined record of 9-28 last season.Then, Big Ten play begins, and the Big Ten West is greatly inferior compared to its counterparts. The Badgers’ conference foes are the same as last season, when they went 7-1 in conference play before the “Massacre of Indianapolis” during the Big Ten Championship game.It’s not deja vú, but it’s pretty close.On paper, there’s no reason the Badgers can’t win the West and find themselves playing for the Big Ten Title at Lucas Oil Stadium for the fourth time in five years — and quarterback Joel Stave knows that.“The undefeated season is now out of the question,” Stave said. “But besides that, we still have everything we want in front of us. It’s just a matter of taking everything one day and one week at a time.”Stave did all he could on the AT&T Stadium turf, but a non-existent running game doomed the offense from the start. A year removed from losing the starting job to Tanner McEvoy, Stave shined in the spotlight, throwing for 228 yards and two touchdowns, while completing 26-of-38 passes.But players aren’t defined by one game, especially the first one. Neither are seasons. That’s the beauty of football, junior cornerback Sojourn Shelton said.“It’s tough to understand, but you just have so much more to fight for,” Shelton said. “Just fix mistakes and get that first W.”For the Badgers to succeed, Corey Clement and Michael Caputo need to get healthy. The offensive line needs to improve. The question marks are there, but the road to Indianapolis is paved — on paper at least.Problem is, games aren’t won on paper.
I still have lingering disappointment from the 2006 Rose Bowl. I probably always will, as will any lifelong USC football fan. With maybe the best team ever in college football, USC couldn’t cap its reign of dominance with the national championship it deserved. The loss almost overshadowed the previous two national championships.But it was OK, I told myself then. The Trojans would be back in the championship game. They would redeem that loss to Texas. Pete Carroll would cap off his USC dynasty with that one extra national title it deserved.But he didn’t. The Trojans would still be the dominant team in the then-Pac-10 for the next three years. They would convincingly beat three different Big Ten foes at the end of those seasons, winning three more Rose Bowls. But midseason upsets during all three of those years knocked USC out of the national championship game. The Trojans’ 2008 loss at Oregon State on a Thursday night stings almost as much as the Texas loss — Jacquizz Rodgers triggers almost as many nightmares as Vince Young.Then the dynasty collapsed. Pete Carroll left for the Seattle Seahawks. The NCAA sanctions hit. Oregon earned the next two national championship bids in the conference. Stanford beat the Trojans four times in a row. The Trojans had an exceptional 10-2 season in 2011, but were still ineligible for the postseason. They came into 2012 hyped as the preseason No. 1 team. They ended the season with a loss to Georgia Tech in the Sun Bowl. Then came the airport tarmac firing, the fan favorite quitting before a bowl game, the substance abuse dismissal and a beleaguered athletic director concluding a national search in his final, legacy-defining move by just letting the interim guy keep his job. And so the Clay Helton era began. It’s been discussed countless times if USC football could get back to where it once was under Helton. I’ve gone back and forth on it. His promotion felt rushed, the usual USC swagger Trojans had going into big games was nowhere to be seen and the pummeling by the Crimson Tide was more humbling than anyone could have guessed. My concern was that USC might float just above average for the next several years, but never get back to an elite status. Helton was safe. He wouldn’t have off-the-field issues. He wouldn’t overlook those overmatched Thursday night opponents. There would always be some natural draw for local stars to come play college football in the Coliseum. The Trojans would never be bad.But there were legitimate doubts that Helton would ever be able to join the ranks of the elites like Alabama’s Nick Saban or Ohio State’s Urban Meyer. Could he excite recruits to play for him as well as former USC interim head coach Ed Orgeron — who, for the record, finally earned a full-time promotion with a big time program at LSU — could? Could he embody the swagger of Carroll? The more existential question, though, was could Helton make up for all the time that was lost and the damage that was done by so much instability? The answer that we’ve gotten so far in his first full season has been a resounding yes. The Trojans feel invincible again. Kirk Herbstreit called USC the one other team in college football besides Alabama that no one wants to play. The Big Ten could throw Wisconsin, Penn State, Michigan or Ohio State at us in the Rose Bowl, and I would be confident as ever in the Trojans to win. Meanwhile, for the other strongest programs in the Pac-12, it appears that they’ve missed their shot to take a hold of the conference. My concern going into the season was that the period of instability would have cost USC its chance to ever dominate the conference again, but that does not appear to be the case at all. Stanford did fairly and squarely beat the Trojans this year, but I have little doubt how that rematch would go if it were the Cardinal playing the redshirt freshman quarterback Sam Darnold-led Trojans for the Pac-12 Championship game. It’s still to be seen if the Ducks’ precipitous fall this year from the top of the pack is just an aberration or the closing of their window of opportunity with former quarterback Marcus Mariota and former head coach Chip Kelly, but Oregon looks years away from really competing with USC. The Bruins had a nice three-year stint with the Victory Bell, and the injury to quarterback Josh Rosen proved to be crippling for the team, but UCLA still hasn’t been to a Rose Bowl since USC’s last appearance in 2009, and won’t make any bowl this year.Emerging from this wild and crazy 2016 Pac-12 season are Washington in the North Division and Colorado in the South, both teams USC beat. Both have come closer to winless seasons in conference — Colorado was 1-8 in 2012 Pac-12 play, Washington lost all nine conference games in 2008 — than a Rose Bowl in recent memory. USC beat both this season, and I’m highly skeptical as to whether either will ever be favored in a matchup against the Trojans for the foreseeable future.The adoption of the College Football Playoff before the 2014 season came eight years too late for Trojan fans. I’m still convinced the 2006, 2007 and especially the 2008 teams would have competed for the national championship if a four-team playoff had existed then. The three early losses this year are probably too many to justify putting the Trojans ahead of a two-loss Big Ten or Big 12 team in the CFP if regular season games are supposed to mean anything for leagues going forward. But USC football is back. The center of attention in the program isn’t the head coach — Helton is perfectly happy with junior cornerback Adoree’ Jackson, who treated fans to three highlight touchdowns against Notre Dame, being the star of the show. Darnold looks and plays more like a bruising linebacker than the prototypical USC quarterback, but he will be on every Heisman shortlist next year if he maintains his strong numbers.I’ve gotten to cover this team during not its most successful four-year period ever, but arguably its craziest and most interesting. The odds look very good that, after a seven-season hiatus, the team will be right back where it belongs on Jan. 1 — well, the Rose Bowl Game is actually Jan. 2 because New Year’s Day is a Sunday, but same thing. And by next year, the Trojans should be playing in their first ever College Football Playoff. Luke Holthouse is a senior majoring in policy, planning and development and print and digital journalism. His column, “Holthouse Party,” ran on Wednesday.
“Mark is a tremendous hire for Drake University. Mark brought the competitive fire he had as one of the top distance runners in the world to his coaching career at Auburn University. As he moves on to the next phase of his career he will bring vision, stability and success to the track and field program at Drake.”- Ray Treacy – Head Coach – Providence College “I coached with Mark for many years at Auburn University. He is an excellence coach and person. He competed at a high level and has coached at a high level. He is an athlete’s coach and relates great with young people. I believe Mark will be an excellent Director of Track and Field and Cross Country at Drake University.”- Jerry Clayton – Head Coach – University of Michigan Print Friendly Version