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Amid the economic wreckage, some sectors still hiring
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Dec 23, 2008 10:13am |
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| Category | News |
| News Date | Monday, December 22, 2008 04:00:00 PM UTC0:0 |
| Description | By Jack Chang | McClatchy Newspapers
WASHINGTON — The U.S. economy is sinking deeper into recession and companies are shedding hundreds of thousands of jobs, but the technology firms that Santa Fe, N.M., venture capitalist Trevor Loy invests in haven't stopped growing.
In fact, they're still adding to their payrolls, and they plan to continue doing so next year. The firms that Loy is funding are developing products such as state-of-the-art water purification systems and the next generation of construction site surveying cameras.
They're part of a select swath of the U.S. economy that's been protected — so far — from the bad economic weather. They're schools and health-care providers, information-technology firms and green energy start-ups and other firms that, while not thriving, are at least still hiring.
"The end markets they serve are not shrinking," Loy said of some of the more than two-dozen companies he funds.
"The world's need for clean water, for clean energy, especially if there's infrastructure stimulus, will be growing, and companies working with new technology can act more quickly than traditional companies can." |
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