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£2.5 billion funding for region’s businesses and communities

Richard Ellis, chair of EEDA said: "EEDA will be working closely with EERA and regional partners as well as businesses and other partners to develop a clear and effective plan on how this £2.5 billion of funding is best invested for the region’s prosperity and to ensure everybody living and working in the East of England has an improved quality of life. "We are pleased that the government has recognised that skills are essential to the health of the economy in terms of raising people’s aspirations and increasing opportunities. This region has the lowest skills attainment at NVQ 3 and 4 levels compared to the rest of the country and without investment this gap is likely to grow with our knowledge-based economy suffering as a result. Investment in skills will enable the region’s businesses to compete in a global economy and take advantage of the business opportunities arising from mitigating against the effects of climate change. more

Lawmakers Updated On ICARE

Updates on a popular health insurance program for small businesses and a new program to help Kentuckians in long-term care receive Medicaid were given to state lawmakers.

Insurance Commissioner Sharon Clark spoke to the first meeting of the Interim Joint Committee on Banking and Insurance since taking her new job on July 16. The ICARE program has been steadily growing since it was first passed by the General Assembly in 2006, she said. More than 20 companies each month have signed up for the program, which grants small businesses funds to help pay for health insurance for their employees.

In order to qualify for the pilot program, the businesses must employ 25 or fewer people and not currently offer health insurance. The small businesses may also qualify if they have an employee with a high cost condition. more

Pay88, Inc. to Invest One Million Yuan in a Major Chinese

When completed, Qianbao Company, a wholly owned subsidiary of Pay88, Inc., will gain access to Ziya's online sales technology. The two companies will work together in the development of a state-of-the-art, online gaming transaction platform to be utilized by Qianbao in the marketing of online prepaid game card products throughout Chongqing and other major cities in China. Guo Fan, President and CEO, Pay88, said, “Ziya's technology is known throughout China as the most advanced and best available. It will help us improve our software platform and technology skills, and enable us to compete and grow throughout China. We look forward to working with this fine company." Tao Fan, COO, Pay88, said, “Ziya is a pioneer in online sales systems. Its far reaching technology will help us develop brand new online gaming products which we can then market nationwide. more

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