Tuesday, June 5, 2012

Wall Street Reports on Boynton Beach

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NSSC reports gains!
Good News from Boynto Beach, Florida!!!!

AMITYVILLE, N.Y., June 4, 2012 /PRNewswire via COMTEX/ -- NAPCO Security Technologies, Inc.'s,NSSC +1.77% , one of the world's leading suppliers of high performance electronic security equipment for over 30 years, announced that new security products, including GEM C combo fire and burglar alarm, Networx wireless locking system, and Starlink2 two-way GSM alarm system communicator, are receiving excellent dealer feedback about their market acceptance, as increased crime rates and building starts (macro drivers for NAPCO products) are being reported by national media outlets, including the Wall Street Journal.
"Murders nearly doubled in San Jose last year and rose in Oakland, San Diego and Sacramento, according to a survey of police departments by The Wall Street Journal and federal statistics. All of those cities have fewer police officers now than in 2009 and the same is true in Miami, Tucson, and Colorado Springs, cities outside California where murders have risen for two consecutive years. Police in many places are making hard choices about how to allocate shrinking resource." Cities See Murder Slide End Police Forces Shrunken by Budget Cuts Face Rise in Killings; Weighing Priorities in Stockton, Calif., by Scott Thurm, Justin Scheck and Bobby White, Wall Street Journal http://online.wsj.com/article/SB10001424052702303812904577297801570813854.html
"Manhattan experienced a 169% spike in new building permits issued so far this year, according to the buildings department, which issued 35 permits for construction including hotels, apartment buildings, an 'affordable housing' development and an art gallery in the first four months of 2012. Buildings commissioner, Robert LiMandri, is bullish that big building is coming back to New York City, according to the interview." Permits Climb As Developers Up Their Bets, Laura Kusisto, Wall Street Journal http://online.wsj.com/article/SB10001424052702304752804577384453012841864.html
"Developers are working on or completing nearly $1 billion in projects throughout downtown Richmond, VA." Louis Llovio, Richmond Times Dispatch http://www2.timesdispatch.com/business/2012/jun/01/tdbiz01-nearly-1-billion-in-development-happening--ar-1956860/

"There are sparks of activity in Boynton Beach, FL, that the city hasn't seen in years. An uptick in building permits are taking shape in new construction projects that are filling up store fronts. More than 2,500 building permits have been issued since October, which adds up to more revenue than the city has seen since 2008." Marissa Bragg http://www.wptv.com/dpp/news/region_s_palm_beach_county/boynton_beach/building-permits-bring-boost-for-boynton-beach

Continue story here: Wall Street Journal

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