Columbia SC News Update 06-23-2011

Arnold Cos. to redevelop hotel at Lady and Main streets The Columbia-based commercial development firm said it plans to convert the 101-room former hotel into 51 urban residences, called The Palms on Main. S.C. high school dropouts fewer for second year More than 800 fewer students dropped out of state high schools in 2010 than in 2009, according to a report from the S.C. Department of Education. The dropout rate is closely watched by business leaders as an indicator of the future workforce.

General Assembly sends compromise budget to Haley The House and Senate approved and sent to Gov. Nikki Haley a $6 billion budget bill this week. It contains funds to reduce employers’ unemployment tax rates by about 24%. Haley can approve or veto the budget in total, or by line item. N.C. man guilty of passing counterfeit checks Michael Angelo Alexander, 46, of Salisbury, N.C., pleaded guilty Tuesday in U.S. District Court in Florence to conspiracy to commit bank fraud. Alexander took part in a scheme to cash counterfeit checks in Myrtle Beach, Charleston and Georgetown.

Midlands businessman sentenced for illegal gun sales Henry Stokes Moseley, 73, of Batesburg-Leesville was sentenced in U.S. District Court in Columbia for selling firearms without a license. He owned and operated The Pawn Shop in Batesburg. Job of the Week

The College of Charleston is seeking an MBA placement and recruitment coordinator in Charleston. The coordinator will work with students, faculty, the public, employers and institutions to promote, assess and further the MBA program. A master’s degree is required, as is some experience. Candidates must have or be able to obtain a passport. Learn more or apply here.

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