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SBA official visits Fairmont high-tech center

Feb. 02, 2013 @ 12:00 AM

FAIRMONT, W.Va. -- An official with the U.S. Small Business Administration came to West Virginia to view efforts to help businesses prosper.

SBA deputy administrator Marie Johns visited the West Virginia High Tech Consortium Foundation incubator near Fairmont on Friday afternoon.

Johns met with entrepreneurs to learn about their new businesses and discuss ways the agency can help them grow.

Located at the I-79 Technology Park, the foundation's business incubator was created in 1995 with seed money from the SBA. Seven entrepreneurs and small businesses are currently housed at the incubator.

Ky. gas distributor asks PSC for rate increase

FRANKFORT, Ky. -- The Kentucky Public Service Commission is considering a request from a natural gas distributor in eastern Kentucky that wants to increase customer rates.

If they are approved, the new rates and two new surcharges would raise utility bills for Kentucky Frontier Gas Company's customers. The supplier has about 3,400 customers who mostly live in Floyd, Magoffin and Pike counties.

Kentucky Frontier is asking to equalize rates for customers, which will provide revenue to improve operations. The company is also asking to add surcharges totaling $2.25 to customers' monthly bills.

The Public Service Commission will hold a hearing on the matter on Feb. 14 in Frankfort. The public will be allowed to give comments at the hearing and it can also be viewed on the PSC website, www.psc.ky.gov.

Best Buy to close 15 locations in Canada

MINNEAPOLIS -- Best Buy said Thursday that it will close 15 of its stores in Canada and cut about 5 percent of its workforce in the country as it tries to revamp its strategy there.

The retailer said that in the first phase of a long-term transformation, it will permanently close eight of its Future Shop stores and seven of its Best Buy stores. The company bought the Future Shop electronics chain in 2001.

Best Buy Canada has 120 Best Buy and Best Buy Mobile and 140 Future Shop stores across the country.