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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Fort Worth appoints acting CFO

 

A. Lee Graham
Reporter
lgraham@bizpress.net

Jay Chapa, Fort Worth’s Housing and Economic Development director, has been named acting director of Financial Management Services as the city seeks a new chief financial officer.
The move comes two days after Horatio Porter announced his resignation as CFO. Porter, who announced his resignation on May 1, will begin duties as the North Texas Tollway Authority’s CFO and assistant executive director in the next few weeks.
Chapa assumes Porter’s duties on May 15.
Meanwhile, Chapa will lead the department overseeing the city’s financial administration. The Financial Management Services Department is broken into four divisions: administration, accounting, purchasing and treasury.
In his 16 years with the city, Chapa has held leadership positions in its Economic Development, Water and Budget departments. As director for Housing and Economic Development, Chapa is responsible for business retention and recruitment, housing development, grants management, the city’s real property division, small business development, the city’s business diversity office, and all incentive programs, including tax abatement and tax increment financing.
While Chapa oversees Financial Management Services, Housing and Economic Development Assistant Director Cynthia Garcia will serve as the department’s acting director.

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?