Senior living community owners file for bankruptcy
Orchards Village Investments LLC filed for Chapter 11 reorganization protection, implemented on Feb. 13 to protect its investors, unsecured creditors and Orchards Village Residents.
Day-to-day operations at the Vancouver senior living community will not be impacted by the filing, and the existing manager, Regency Pacific Inc., will continue operating the property.
SBA cautions small businesses about scam
The U.S. Small Business Administration has warned small businesses not to respond to letters claiming to have been sent by the SBA, asking for bank account information to qualify them for federal tax rebates.
The letters were sent out on what appears to be SBA letterhead across the country, advising businesses they may be eligible for a rebate under the Economic Stimulus Act and asking for the business' bank and account number. The Office of Inspector General asks that anyone who receives such a letter report it to 800-767-0385 or oighotline@sba.gov.
State names recession-resistant industries
The Washington Employment Security Department's fourth quarter 2008 labor market review revealed that jobs with hospitals, credit intermediation companies and the federal government are usually the least affected by recessions.
Industries such as wholesale traders that use the Internet for their business, general merchandise stores and educational services may be affected by recessions but tend to rebound faster than other industries.
Careers that are the safest bets for continued growth include computer software engineers and programmers, personal and home-care aides, multi-media artists and animators and social and human-service assistants.
Several industries that have not regained their pre-2001-recession employment levels include wood product industries, computer manufacturers and wired telecommunications carriers.
