Falls City Edge -

Open House with Senator Deb Fischer

EDGE — Thu, 18 Apr 2013 05:00:00 GMT

FOR IMMEDIATE RELEASE

EDGE Open House with Special Guest Senator Deb Fischer

(Falls City, Nebraska – April 17, 2013) ~ Falls City Economic Development and Growth Enterprise (EDGE) officials in cooperation with Senator Deb Fischer’s office announced today that plans have been finalized for Senator Fischer’s visit to Falls City on Tuesday, April 30, 2013. Senator Fischer’s visit will be highlighted with a community tour that includes industrial site visits at CGB and WASP and a walk about of Main Street Falls City. “Falls City was designated the ‘2013 Showcase Community’ by Governor Dave Heinemann thanks to our long list of recent accomplishments”, said Beckie Cromer, Executive Director of Falls City EDGE, “We look forward to not only sharing our success stories with Senator Fischer but also our plans to advance economic development priorities in the future.” The public is invited to attend an open house from 2:30-3:00 PM at the EDGE/Chamber of Commerce/Main Street offices located at 1705 Stone St. Falls City EDGE encourages everyone to stop by and visit with Senator Fischer, learn more about community development, and enjoy refreshments.

EDGE Newsletter- Volume II - April 2013

EDGE — Wed, 03 Apr 2013 05:00:00 GMT

Headlines in this Issue

Falls City Receives Governor's Showcase Award
Airlanco/AGI Awarded Contract
Training Grant Awarded
Legislative Day
Elk Creek Niobium Project
ESU 4 Energy Event
Upcoming Events
Record Membership
Executive Director Message

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CD Week Reflects Critical Need for Federal CDBG Funding of Projects

Nebraska Department of Economic Development — Tue, 02 Apr 2013 05:00:00 GMT

APRIL 2, 2013 (LINCOLN, NEB.)—The federal Community Development Block Grant (CDBG) program is still the key that opens doors of opportunity for communities desiring to undertake critical need community and economic development projects. Today at the State Capitol, the Nebraska Department of Economic Development (DED) and several communities extolled the benefits of the CDBG program through examples of the latest outstanding projects.

Gov. Dave Heineman kicked off the celebration by proclaiming March 31-April 6, 2013, as Community Development (CD) Week in Nebraska.

“We are pleased with the strong and supportive partnerships between volunteers, local organizations, government agencies and the private sector,” said Gov. Heineman, “Community Development Week stands out as an important example of the accomplishments that can be made when working together.”

DED administers CDBG funding for all communities outside the cities of Bellevue, Lincoln and Omaha.

“During the past five years, DED has invested in over 340 projects statewide providing more than $60 million in CDBG funding in combination with more than $133 million leveraged state, local and private matching funds,” said Catherine D. Lang, DED director. “Over 305,000 people have benefited from these projects—more than 173,000 of them considered low- and middle-income wage earners throughout Nebraska.”

The 2013 Governor’s Showcase Community Award went to Falls City.

Falls City (pop, 4,316) is described as one of the best small communities in the state, having a greater than five year track record at establishing and cementing valuable partnerships among citizens, business owners, and local and state governmental organizations, among others.

Its’ most recent success was the announcement by Consolidated Grain and Barge (CGB), headquartered in Mandeville, La., to locate a $23 million high-speed grain terminal on 162-acres of Burlington Northern Santa Fe rail serving the industrial site. The terminal expects to handle high volumes of grain and soybeans, create full-time jobs, and help spark further economic development projects in the area. CGB broke ground in December and expects to be operational by September 2013. In addition to CDBG funding, the project is using LB840, Tax Increment Financing (TIF) and EDGE funding, as well as New Market Tax Credits.

The city’s sports complex has new baseball and softball fields thanks to a community-wide grassroots effort that surpassed the $1.765 million fundraising goal. Included in the funding was a $100,000 Peter Kiewit Foundation grant and money from the Richardson Foundation, several local fundraising projects, the local lodging tax, 350 private donors, and City of Falls City in-kind contributions. Players can expect to batter up this summer.

The city’s Main Street district was recently spruced up thanks to a $573,000 Downtown Revitalization Streetscape project. Main Street Falls City led the efforts. With a $350,000 CDBG award from DED, the City was able to match $111,000 along with $112,000 from Main Street.

For information on the Falls City project, contact Kevin Malone at 402-245-2491 or kmalone@fmbankfc.com.

The 2013 Governor’s Showcase Community—Honorable Mention Award went to Cozad.

“Collaboration is King,” in Cozad where the City has partnered with the Chamber, CDC, DAD, Cozad Housing Authority, Downtown Business Improvement District, and Cozad Schools to accomplish many projects. These include recruiting new businesses, such as Cooper’s Best Flour, a producer of pancake flour, CCB Nebraska, an inbound call center, and Industrial Skins that manufactures ceiling tiles for restaurants—all contributing to 100 new jobs.

Additionally NE Ag & Irrigation constructed a $1million facility, and Colorado Biolabs invested nearly $500,000 in new infrastructure at its existing facility. A new bicycle store, dental office, newspaper, call center, and expanded auto parts store helped expand the economic base. New rental and single-family homes were built, and a city block was developed into additional housing units.

During the past five years, Cozad increased its tax base by nearly $19 million or 13 percent. A $500,000 Downtown Revitalization grant helped the city strengthen its economic landscape through the rehabilitation of downtown buildings.

For information on the Cozad project, contact Robyn Geiser at 308-784-8006 or geiser.cdc@cozadtel.net.

The City of Bellevue recognized the Olde Towne Development Committee for its partnership in the Olde Towne Bellevue project, funded in part through CDBG money. The redevelopment included upgraded playground equipment and accessibility improvements to Thompson Park, installation of sidewalks and curb ramps in compliance with the Americans with Disability Act, creation of a Commercial Façade Rehabilitation Program, and continuation of the Housing Rehabilitation Program.

For information on the Bellevue project, contact Abby Highland at 402-293-6596 or abby.highland@bellevue.net.

The City of Lincoln recognized 18 well-designed townhouses that comprise Antelope Creek Village and NeighborWorks®Lincoln’s vision that made it happen.

In 2000, the organization then known as Neighborhoods, Inc., envisioned a new housing development and extensive rehab to existing housing primarily on the block bounded by 23^rd and 24^th, P and Q streets (due to several vacant parcels, and its proximity to the Antelope Valley redevelopment project).

In fall 2003, NeighborWorks® Lincoln acquired its first parcel, and in 2005, the Antelope Valley Redevelopment Plan was approved by the mayor and city council. Four years later, the plan was amended to include the Antelope Creek Village project. By then the plan included a mix of office and retail space, 18 detached single-family homes, and ten two-story condos.

The mayor and city council approved TIF funding the extend, relocate and connect water mains, sanitary sewer lines, and other utilities; to complete property acquisition, grade the site, and install a geothermal heating and cooling system. This spring, TIF will go toward completing public right-of-way landscaping.

When the national housing market collapsed in 2009 and 2010, a new market analysis showed that townhouses were selling well in Lincoln so the plan was revised. Three floor plans were made available, offering two- and three-bedroom townhouse units with basements, second floors and garages. In 2011, the first six units were built. Construction of the second set of six units began last fall and the final six units are currently being built.

About half of the units are owned by low- and moderate-income wage earners, all of whom have completed NeighborWorks® Lincoln’s Homebuyer Training, funded by CDBG. The FIRST HOME program also has assisted with down payment expenses.

For information on the Lincoln project, contact Opal Doerr at 402-441-7852 or odoerr@lincoln.ne.gov.

The City of Omaha recognized the following projects:

• RDG Planning and Design, formed in 1989 as the Renaissance Design Group, is a regional leader in urban design, working in more than 300 communities throughout the Midwest. It played a significant role in creating the South 24^th Streetscape and gateway sculpture, “The Tree of Life,” which reflects South Omaha’s history and ethnic heritage. The project included CDBG funding. The South Omaha Business Association raised $200,000 for streetscape improvements, and the South Omaha Neighborhood Alliance raised $5,000 for “The Tree of Life.”

• Urban Village Development/the Avanza Mural. For years, Park Avenue area had a reputation for drug and prostitution activity. Urban Village Development decided it was time to transform the area and began renovating eyesore properties into upscale rentals. In the process, more than $300,000 in private funds went toward improving landscaping and streetscapes, including installation of 25 old-fashioned streetlights. At the same time, the City was creating a gateway to the area, making street improvements along 29^th Street from St. Mary’s to Leavenworth streets, funded with CDBG and street bond money.

Witnessing this transformation inspired the creation of a mural on a large blank wall along Park Avenue. Partners in the project included the Nash-Finch Company, owner of the building with the blank wall. The Leavenworth Neighborhood Association and Ford Birthsite Neighborhood Association helped by applying for and receiving grants from Omaha Mayor Jim Suttle’s Neighborhood Grants Program and Mutual of Omaha Neighborhood Grants Program.

Local artists were enlisted to incorporate the “papel picado” (traditional Mexican cut paper art) into the mural to promote community gardening and food production. Finally, Jackson Elementary School’s sixth graders, along with other volunteers helped paint the mural

• Littleton Alston, a Washington D.C. native, attended the Duke Ellington High School for Arts and studied sculpture at Virginia Commonwealth University. By the time he arrived in Omaha in the 1980s for a residency at the Bemis Center for Contemporary Arts, he was building a reputation as an avant-garde abstract sculptor.

Alston created “The Jazz Trio” sculpture at 24^th and Lake streets, which depicts the vitality of North Omaha back when it was known as a thriving community of jazz musicians and music. The sculpture was funded in part with CDBG money.

“The Jazz Trio”, along with “Dreamland Plaza”, is an integral part of the North 24^th Streetscape project brought to fruition with CDBG and street bond funding.

For information on the Omaha projects, contact Norita Matt at 402-444-5177 or Norita.matt@ci.omaha.ne.us.

Source: Nebraska Department of Economic Development Press Release

EDGE Newsletter - Volume I - January 2013

EDGE — Tue, 05 Feb 2013 06:00:00 GMT

Headlines in this Issue

CGB Breaks Ground
EDGE Annual Banquet
City Comprehensive Plan
EDGE Investment Drive
Regional Networking Meeting
Regional Workforce Training
Marketing & Sales Update
New Member Investors
Executive Director Message

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Flat Water Wind Farm

EDGE — Tue, 05 Feb 2013 06:00:00 GMT

Check out this great video on Flat Water Wind Farm!

Wilderness Falls Open House Scheduled

EDGE — Mon, 07 Jan 2013 06:00:00 GMT

Reminder to EDGE Member Investors

EDGE — Mon, 07 Jan 2013 06:00:00 GMT

The EDGE Annual Banquet will be held on Wednesday, January 9, at 6:00 p.m. at the Elks Club. For more information, please contact the EDGE Office at 402.245.2105.

Ground Broken on $23-Million Project in Falls City

EDGE — Fri, 07 Dec 2012 06:00:00 GMT

A groundbreaking ceremony was held Thursday afternoon on the south edge of Falls City
where a 23-million dollar grain handling facility is going to be constructed by Consolidated Grain
and Barge Company (CGB).

Eric Kresin with CGB said the company is excited to be part of the Falls City community and the plan is for the facility to receive grain in September of next year. He thanked EDGE for their work in getting the project arrangements lined up and went on to thank the area producers for their support of the grain handling facility. Other speakers included EDGE President Bart Keller, EDGE Executive Director Beckie Cromer and Mayor Tim Hersh.

Click here to go to MSC News to play audio of speakers' comments.

Consolidated Grain and Barge has a network of over 70 grain elevators and terminals in the United States utilizing various modes of transportation. One of the draws to Falls City was the ability to use rail for transporting grain.

Source: MSC News, December 7, 2012

Public Invited to Join in Discussion to Guide the Future of Falls City

EDGE — Wed, 28 Nov 2012 06:00:00 GMT

Falls City EDGE and the City of Falls City are in the process of developing a Comprehensive Plan that will guide the City for the next 10-15 years. The public is invited to become involved in the planning process that will define a unified vision for the City and lay the groundwork that leads to future success. Here's two ways you can join in the discussion:

Attend one of the town hall meetings scheduled on Wednesday, December 5, at Konstantinos Pizza at 117 E. 17th Street. The first meeting will be held from 1:00 p.m. to 2:30 p.m. and the second meeting will be held from 5:00 p.m. to 7:00 p.m.
Join in the online discussion. Propose new and innovative ideas, second the ideas your fellow community members put forward and leave constructive feedback at www.EngageFallsCity.com.

Comprehensive planning is a term used in the United States by land use planners to describe a process that determines community goals and aspirations in terms of community development. The outcome of comprehensive planning is the Comprehensive Plan which dictates public policy in terms of transportation, utilities, land use, recreation and housing. Comprehensive plans typically encompass large geographical areas, a broad range of topics and cover a long-term time horizon. Comprehensive Plans are required when pursuing certain grants and parts of the plan are guided by Nebraska State Law. While the comprehensive planning process does have some statutory requirements that must be met, Falls City’s focus will be economic development and quality community growth.

For more information, please call the EDGE office at 402.245.2105 or e-mail director@fallscityedge.com.

Local Farmers and Business Owners Stand Firmly Behind EDGE

EDGE — Wed, 14 Nov 2012 06:00:00 GMT

Main Street/Chamber/EDGE to Host Open House

EDGE — Thu, 11 Oct 2012 05:00:00 GMT

Falls City EDGE will be hosting an open house in collaboration with the Chamber and Main Street organizations on Wednesday, October 24, from 5:30 to 7:00 p.m. Please plan to stop by and join us for drinks and hors d’oeuvres, meet with Chamber/Main Street Executive Director Eric Barr and learn about Falls City’s newest proposed development—Consolidated Grain and Barge (CGB). CGB’s proposed site plan will also be on display.

CGB Letter of Introduction to the Community

EDGE — Wed, 12 Sep 2012 05:00:00 GMT

CGB is pleased to send this letter of introduction to you as we complete our study to construct a new BNSF Grain Terminal located on US 73, south of Falls City, NE. This state of the art grain terminal would have the ability to handle high volumes of grain and soybeans, as well as serve as an economic driver for Falls City and Richardson County. We are very excited about the possibility of becoming valued members of the Falls City community and serving southeast Nebraska’s grain merchandising and handling needs.

Below are some frequently asked questions about the services and activities provided by CGB. Please take a moment to get to know us a little better.

Who is CGB?

CGB is a multi-faceted business involved in grain and feed ingredient merchandising, transportation, logistical services (truck, rail, or barge), soybean processing, fertilizer, stevedoring, and risk management. CGB is a US corporation, headquartered in Mandeville, LA, which has been in business since 1969. The proposed elevator would be a part of CGB’s Southwest Region with main offices near Tulsa, OK. As a company, we have 70 grain elevators located throughout the corn and soybean belt. Our focus is on providing quality service and products to farmers and elevators, as well as our end use customers. Because of this focus, we value close relationships with our customers for food and feed in the US and around the world. Our extensive elevator network allows us to source grain and soybeans for both the domestic and international markets. For complete information about our company, visit our website at www.cgb.com.

When would the facility be ready to receive grain?

We anticipate that construction would be completed by the fall of 2013, in time for soybean and corn harvest.

What are some capabilities of the proposed facility?

The facility would have over two million bushels of space to handle and store grain delivered by farm and elevator customers through several high-speed grain dumps. A remote outbound scale with a printer would also be used to speed trucks back to the field or elevator.

Will you have a merchandising staff at the elevator?

Yes, CGB is committed to providing outstanding customer service by building a personal relationship with producers and elevators. This requires a trained and knowledgeable staff to meet their grain marketing needs. Within CGB, many decisions on trading and origination are made locally. We anticipate having staff on-site soon after construction begins. In the meantime, you may contact us at the phone numbers listed below.

When will CGB begin posting grain bids for delivery into the Falls City facility?

We expect to post bids into Falls City early in 2013! When we do, we will be posting bids for fall delivery and beyond for corn and soybeans.

What are some services you provide?

CGB offers a complete set of marketing alternatives for our customers, and will have merchants on-site to trade grain utilizing these various types of contracts (e.g. Cash, Forward Contract, Futures Only, Basis, and Price Later). We also offer our formula pricing contracts – The Equalizer® - which allow customers to price grain over various periods of time to reduce price risk.

Does CGB have a website for customers to view market and account information?

Yes! We have a state-of-the-art customer website at www.cgbonline.com where we offer customers futures and cash grain quotes, market news, and weather. Also, in this secure site, customers can view up-to-date information on their grain transactions, including contracts, tickets, and settlements at any time. Customers can also make offers to sell grain to us online. CGB also has a mobile site at https://mobile.cgb.com (enrollment is required) that allows you to view market and account information on your smartphone or mobile device.

How can customers of CGB – Falls City access grain market information today?

There are several ways to get this information:

· Phone - We’ll be glad to talk with grain customers about the new facility and your grain marketing needs at 800-375-5494 or 918-266-5494.

· PC, Smartphone and other mobile devices – After enrolling at www.cgbonline.com, we will send you a username and password. You can view many aspects of the website, market information, and subscribe to receive grain bids by text and email at various times of the day. The website is available and updated continually 24 hours per day.

· Social media on Twitter (www.twitter.com/CGBEnterprises and www.twitter.com/cgbgrain) and Facebook (“Like” CGB Enterprises, Inc.)

Will you be giving any tours of the facility when construction starts?

All aspects of safety are very important at CGB. During the construction phase, we must maintain a safe work environment for the construction crews and our on-site employees. Tours can be scheduled once we have staff on site with an appointment. In addition, on-site tours will be given at an open house when construction is complete and the facility is ready for operation.

We hope many of your initial questions have been answered. We look forward to being part of the economic development and growth of Falls City and Richardson County, and hope to have the opportunity to serve your marketing and grain handling needs. Contact us if you have any questions.

Contact – Eric Kresin – CGB Southwest Regional Manager - 918-266-5494

EDGE Update to Community Stakeholders and Investors on Consolidated Grain and Barge Project

EDGE — Tue, 11 Sep 2012 05:00:00 GMT

The Consolidated Grain and Barge (CGB) project continues to progress and EDGE is nearing the finish line on a project that has required many months worth of hard work, time, due diligence and effort. CGB officials have been actively working in Falls City in the weeks since the announcement and many of you have had an opportunity to meet with them personally. Company officials have really enjoyed their time in the Falls City area and getting to meet our great citizens.

As stakeholders and investors in the EDGE organization, we wanted to give you a glimpse of the economic impact this project will have on our area. Several of the EDGE Board members have fielded many calls and visits since the announcement and we wanted to provide a summary of information so you are all able to stay well informed. Following are some of the “most frequently asked questions:”

1. What will the CGB project generate for our area?

An increased property tax base which benefits the City, the County and the schools.
Jobs with good salary and benefits.
A large NEW customer for Falls City Utilities.
The benefit of a year’s worth of construction and the ripple effect of those activities to area businesses.
Increased truck traffic that will utilize our service stations, convenience stores, and restaurants.
The utilization of our rail asset which could provide our local railroad workforce more of an opportunity to work in Falls City.
Employment opportunities for existing families and possibly bring new families to the area.
The potential for better grain prices and reduced costs for our farmers which creates more wealth in our local area.
The potential for future expansion at this site and any ancillary businesses that could pop-up as a result of this business being built.

2. What impact CGB’s operation have on local truckers?
CGB does not own a fleet of trucks. All grain will still need to be trucked from the farm or elevator into the CGB site. CGB’s facility will have a large capacity which will divert much more grain to Falls City from the surrounding area. This new supply of grain will need to be trucked. Some local truckers may need to adapt to a new business model or travel different routes but there will be a great need for truckers. CGB also has a regional grain network that local truckers will have the opportunity to benefit from as well.

3. What services does CGB provide?
CGB’s website (www.cgb.com) does outline the many services they can provide through other divisions owned by the parent company, such as crop insurance and financial lending services. Most of these services are physically located in other specific niche markets where there was a need, but they are also accessible to any interested consumer today via the World Wide Web. These services will not be a focus of their Falls City operation. CGB’s business plan for Falls City calls for the buying and selling of grain with the potential of adding wholesale fertilizer if business conditions support this endeavor in the future.

4. Was CGB offered incentives to locate in Falls City?
CGB needs to make good business decisions and pencil out an appropriate internal rate of return that will need to be approved by its Board of Directors. Incentives were discussed with the company early on and were instrumental in moving this project forward. You can rest assured EDGE is being good stewards of our tax dollars and that all incentives offered are needed and the company is eligible for them.

5. Will CGB work in partnership with area elevators?
There is great opportunity for elevators in the region to partner with CGB if they so choose. Please know that CGB representatives have visited these area elevators in hopes of creating a network of valuable suppliers.

6. Did CGB consider other locations?
CGB had an entire regional area to consider for site location--EDGE is supporting them coming to Falls City and Richardson County so we can reap the benefits this project will bring to our area! Falls City was targeted because of our grain surplus and the typical grain hauls in our area were 60-70 miles which is outside the standard range 20-30 miles. It’s a competitive world and Falls City is fortunate to have landed such a great opportunity.

Governor Heinemann opened his first overseas trade office in 2006 in Tokyo, Japan. The Governor opened a second overseas trading office just last month in Shanghai, China. These overseas offices serve as a hub for Nebraska’s international business operations, including the recruitment and expansion of Japanese-owned companies, agricultural market expansion and the cultivation of multinational partnerships for economic growth. To put it plainly, we live in a global environment. Our farming community benefits from the global market our Governor, and statewide economic developers, have worked so hard to expand.

Please take a moment to read the testimonials from communities where CGB has an existing location. They show unequivocally that CGB is an outstanding corporate citizen and have brought great value to the communities they call home.

In closing, this accomplishment is the result of the support of many people and partners. The City of Falls City, Richardson County and many generous private investors have agreed to work together with EDGE to support efforts that encourage and stimulate economic development in Falls City. We’ve had great support in the past and EDGE asks that you continue that great support in the future and especially in the weeks to come as we move into the final stages of this CGB project.

If you have any questions please do not hesitate to call, e-mail or stop by the EDGE office.

Consolidated Grain and Barge Planning Falls City Area Project

EDGE — Mon, 16 Jul 2012 05:00:00 GMT

Falls City Economic Development and Growth Enterprise (EDGE) is pleased to announce Consolidated Grain and Barge (CGB) is planning a Falls City area location for its newest looped track grain shipment facility. CGB, an innovative and entrepreneurial company whose core business revolves around the grain, fertilizer, and transportation industries in North America, is conducting due diligence on a proposed site in Richardson County.

Falls City EDGE, CGB officials and the land owners have put a lot of time and effort into this project over the last few months and we are pleased with the progress to date. This is a great project which includes capital investment, infrastructure improvement, increased tax base, job creation and agricultural enhancement all of which are components of economic development. EDGE Executive Director Beckie Cromer notes, “CGB is a great company and corporate officials have been a pleasure to work with. While there is still work to be done we feel our strategic location and the advantages of doing business in the Falls City area will continue to move this project forward.”

CGB officials are excited about the potential of this project and the impact it will have on the local economy and the agricultural community. Steve Burbrink, Director of Business Development, Grain Division for CGB states, “We are very excited about the Falls City location and look forward to becoming an active part of the Agricultural and business community.”

For more information on CGB, headquartered in Mandeville, Louisiana, please visit their website at www.cgb.com.

Ribbon Cut on New Falls City Housing Development

EDGE — Tue, 05 Jun 2012 05:00:00 GMT

Less than one year after ground was broken on the Wilderness Falls housing development at 31st and Barada in Falls City, a ribbon-cutting ceremony was held Tuesday to officially mark the completion of the project.

The ribbon was cut following a short program with remarks from several people who helped make the project possible. Falls City EDGE Executive Director Beckie Cromer welcomed the large crowd that gathered for the ceremony and gave a brief timeline of the project, noting ground was broken on the project last July.

Cromer said several local entities – public and private– helped complete the development.

Wilderness Falls is a housing development for people age 55 and older. There are eight duplex units – 14 two-bedroom and two three-bedroom units. Cromer says interest has been high in the project from the beginning.

Tuesday’s speakers included representatives of funding partners who helped finance the project , including the Nebraska Investment Finance Authority, Midwest Housing Equity Group, Horizon Bank and FHA Bank of Topeka.

Nebraska Lieutenant Governor Rick Sheehy, who spoke at the groundbreaking, also spoke Tuesday. He noted the project started during the heart of the national economic recession and was made possible thanks to wise investments that were made.

Also in attendance Tuesday were representatives of project contractor Excel Development. Ralph Peters, who lives in an Excel development in Auburn and was instrumental in getting the company to build in Falls City, also spoke briefly.

Tenants are now living in nine of the 16 duplexes, with seven more residents yet to move in.

People who attended Tuesday’s ribbon cutting also had the chance to tour one of the unoccupied duplex units. It’s hoped that Wilderness Falls will be the first of a multi-phase housing development in the area located to the south of Community Medical Center.

Source: MSC News, May 30, 2012