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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Cowtown Angels make IT service investment

 

Members of the Cowtown Angels, a program of nonprofit technology incubator TECH Fort Worth, have invested $620,000 in Wisegate Inc., a private IT research service that provides senior information technology professionals with access to IT discussions, products and solutions.
The latest investment, the fourth since the organization launched in September 2012, is the largest investment to date for the Fort Worth-based angel network. This is also the first investment where the Cowtown Angels network has been the lead investor group, involving three other large U.S. angel investor networks.
“I see this investment as validation for our idea that there was a need for a local angel network,” said Darlene Ryan, executive director of TECH Fort Worth. “We believe that the Cowtown Angels program increases the amount of entrepreneurial activity here and helps the entire community.”
The Cowtown Angels program connects local “angel investors” with companies in North Texas needing startup capital. According to the Angel Capital Association, an “angel” is a high net worth individual who invests directly into promising entrepreneurial businesses in return for stock in the companies. They must meet criteria set by the Securities and Exchange Commission for “accredited investors.” Generally, this includes individuals who have a net worth exceeding $1 million, not including their residences.
TECH Fort Worth receives applications of companies who want to “pitch” to Cowtown Angels members at their monthly meetings, presents the qualified applicants to the Angels’ screening committee and helps companies selected by the screening committee prepare their presentations. Angel members decide individually whether they want to invest in a company.
The Cowtown Angels members, which have now grown to 20, have invested $1,415,000 in four companies and currently have two more deals under consideration. In addition to Wisegate, members have invested: $345,000 in PerioSciences, which has developed a line of antioxidant oral care products; $125,000 in National Dental Implant, developing a non-surgical tooth replacement for non-functional teeth; and $325,000 in Inview Technology Corp., a developer of compressive sensing cameras.
 

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