Category: Business - Original Written by AJ Williams, Chronicle Web Editor
The Detroit Business Support Network has announced the launch of the BizGrid, an infographic designed to help Detroit entrepreneurs navigate the landscape of organizations providing business assistance within the city. The BizGrid can be found at www.detroitbizgrid.com.
The BizGrid features 54 organizations offering services ranging from business planning and strategy to real estate assistance, funding, co-working space and more. Its crisp, simple design enables an entrepreneur to find names and contact information for assistance organizations based on the entrepreneur’s business stage and needs.
A committee of the Detroit Business Support Network consisting of Bizdom, D:hive, the Detroit Economic Growth Corporation, InsYght, and TechTown directed the BizGrid’s design, content development and production with the support of the New Economy Initiative of Southeast Michigan. The committee drew on its members’ day-to-day interface with entrepreneurs and invited input from business owners who represent the BizGrid’s target user base. “Entrepreneurs need to know there is a growing network of support for them, and have ways to access that network,” said David Egner, executive director, New Economy Initiative. “When you see the BizGrid, you begin to recognize not only the support that is available, but that this is a resource users can come back to over and over as their business grows.”
The BizGrid will evolve as the Detroit entrepreneurial ecosystem shifts and new services come to market. Print copies of the inaugural edition are available free of charge at D:hive, TechTown and other organizations across the city of Detroit.
About the Detroit Business Support Network
The Detroit Business Support Network is a network convened by the Detroit Economic Growth Corporation, consisting of over 40 organizations across the city of Detroit. The Network is working to deliver efficient and effective business services to create a business-friendly environment for both start-up and existing businesses. This collaborative effort is designed to create vibrant commercial districts, a strong downtown and growth in competitive business clusters.
Last Updated on Wednesday, 31 July 2013 17:06
Category: Business - Original Written by Timothy Stenovec, Huffingpost
The iPhone 5S may be just over a month away. Cult of Mac relayed a report from the German blog iFun that says the next iPhone will be "coming to market" on Sept. 6. iFun cites a very credible source "to be taken seriously," according to a HuffPost translation.
If true, the release would come a bit earlier in the year than previous versions of the iPhone to hit the market. The iPhone 5 was unveiled on Sept. 12 of last year and went on sale in the U.S. nine days later. The iPhone 4S was announced on Oct. 4, 2011, and went on sale in the U.S. 10 days later.
The site also said to expect "two new device types, and this doesn't mean two different color or memory variations." Hmmm ... could it be two different screen sizes?
Last Updated on Monday, 29 July 2013 10:10
Category: Business - Original Written by Donald James
MARVIN BEATTY, Detroit developer and civic leader, discusses Meijer opening its first store in Detroit and why it is crucial for African-American developers to be engaged in the economic revitalization of the city. – Andre Smith photo
Of late, there have been countless news stories emanating from Detroit that have focused on the city’s bankruptcy and other municipal woes. However, all news stories about the city are not doom and gloom. On Thursday, July 25, Meijer made great news by cutting the ribbon on its first Detroit store, much to the delight of Detroiters, who for decades, have been shut out of national retail shopping within the city limits.
Located on Eight Mile Rd. and Woodward Ave. on the city’s north edge, the new 215,000 square-foot-store will anchor a massive shopping center called Gateway Marketplace.
The 350,000 square-foot shopping complex will also feature a K&G Fashion Superstore, Marshalls, Petco, and has commitments of occupancy from other national outlets, inclusive of PNC Bank, Dots, Five Below, SVS Optical, Payless ShoeSource, Wingstop, Subway, and more.
While there are plenty of smiling faces connected to the historic grand opening of Meijer in Detroit, perhaps the biggest smile belongs to businessman Marvin W. Beatty, who gave leadership to the developers of the Meijer project.
Beatty’s partners, under the auspices of Gateway Partners, include Ricardo Solomon, Elliott Hall and Bernie Schrott.
“This represents the first opportunity in many years for Detroiters to get not just one national retailer, but many retailers,” said Beatty. “The opportunity to witness the grand opening is exciting as we stuck to our plan, with no disrespect to local retailers, to go after much needed national retailers and convince them to come to Detroit.”
Beatty said that Gateway Marketplace, when totally occupied, will generate approximately 900 jobs, with Meijer hiring around 500 employees.
“During this difficult economic time, that’s huge,” Beatty said. “To Meijer’s credit, they have taken a very aggressive position to make sure that Detroiters get most of the jobs. Many of the other outlets in the complex, and the ones coming, are looking to do the same. It’s extremely important that jobs for Detroiters become a big part of the success story of Gateway Marketplace.”
Beatty, a Detroit native, is also part of another development and investment group called Magic Plus. Beatty, former Los Angeles Laker superstar-turned-super-entrepreneur Earvin “Magic” Johnson, and developer Joel Ferguson are currently looking to develop the old State Fair complex that is physically connected to the new Gateway Marketplace.
“We are in the process of finishing up negotiation with the state of Michigan to develop that 160-acre-site,” Beatty said.
“Once we are successful in the negotiations with the state, we intend to develop the land and bring national retail stores, office space, entertainment establishments, restaurants, housing, green space and a lot more, which will really give a whole revitalization to that entire area.”
Beatty is accustomed to gravitating to successful business ventures. He was one of the original owners of Greektown Casino. He now serves as the entity’s vice president of community & public relations.
“I think the big part of the legacy that I may have in this community is having been a part of creating a considerable amount of jobs for people in a brand new industry (gaming) in this city,” Beatty said.
“From the very inception of Greektown, going back to 1996 when a ballot initiative was passed, I’ve been a part of it.”
While Beatty could live in any high-scale community in the United States, he loves Detroit.
“I can’t say that I love the city and live somewhere else, although some other people do just that,” said Beatty, who also spent more than two decades as a Detroit firefighter, and ultimately was appointed to serve as deputy fire commissioner by Mayor Coleman A. Young.
“Detroit has its issues and has a high-level of stress, but I truly love living here.”
Last Updated on Wednesday, 24 July 2013 15:58
Category: Business - Original Written by Amber Bogins
Darren Walker, who emerged from small-town Texas to an international career in law and finance before becoming a leader in the nonprofit and philanthropic worlds, will become the 10th president of the Ford Foundation this September, succeeding Luis A. Ubiñas, the foundation's Board of Trustees announced today.
The Ford Foundation, with offices in the United States and ten regions worldwide, is among the world's largest private philanthropies, with more than $11 billion in assets and over $500 million in annual giving.
"In Darren we have found a president of powerful and diverse ability, deeply committed to our mission and tradition of leadership in the social sector," said Irene Hirano Inouye, chair of the Board of Trustees. "With extensive experience in both the private and non-profit sectors, a strong command of the substance of our work, and an engaging leadership style that relies heavily on collaboration and partnership, he represents the best of all worlds. He's an excellent leader for a global organization with grassroots sensibilities, and we're very proud that he emerged from within Ford's own pool of talent."
Mr. Walker's appointment follows a broad national and international search that began when Mr. Ubiñas announced in March that he would step down after nearly six years of service.
"Our search included an extraordinarily high number of strong candidates and we are extremely grateful for the feedback, recommendations and ideas we received from across the world," Hirano Inouye said.
Mr. Walker was recruited by Ubiñas in 2010 to serve as vice president for Education, Creativity and Free Expression, one of the foundation's three major programming areas. Immediately prior to joining Ford, Mr. Walker was vice president for foundation initiatives at the Rockefeller Foundation, where he oversaw the execution of a broad range of programs in the United States and internationally. Prior to joining Rockefeller in 2002, Mr. Walker served as chief operating officer of the Abyssinian Development Corporation, a leading community organization in Harlem. There he guided efforts to develop housing for low and moderate-income families, was involved in two of Harlem's largest privately financed commercial projects in 30 years, and led the development of the first public school built in New York City by a community organization.
"Leading this institution is the opportunity of a lifetime, and I am so very honored and humbled," Mr. Walker told Ford staff this morning. "I pledge to work with energy and integrity, to lead while listening and learning, and to give my all in service of our mission: to build a world that is fairer and more just."
Mr. Walker is a 1982 graduate of The University of Texas at Austin, and a 1986 graduate of its School of Law. He has taught housing, law and urban development at the NYU School of Law and Robert F. Wagner Graduate School of Public Service, and is a fellow of the Institute for Urban Design.
Deeply engaged in community affairs and widely respected for his gifts of both substance and style, he is a member of the boards of the Arcus Foundation, Rockefeller Philanthropy Advisors, Friends of the High Line, the New York City Ballet, and the Foundation for Art and Preservation in Embassies. He is also a member of the Council on Foreign Relations.
He began his career in 1986 at the international law firm of Cleary, Gottlieb, Steen & Hamilton. In 1988 he joined the Union Bank of Switzerland, where he spent seven years in its capital markets division. After leaving UBS, Mr. Walker worked for a year as a full-time volunteer at The Children's Storefront, an elementary school serving low-income families in Harlem.
Mr. Ubiñas has served as Ford Foundation president since 2008, when he succeeded Susan Berresford.
"Luis leaves behind an institution that is even more focused in pursuit of its mission, operationally efficient and strong, and filled with remarkable people and purpose," Ms. Hirano Inouye said. "Thanks to Luis, we're well-positioned for a new generation of accomplishment, and Darren is the ideal leader to guide us into that future."
Mr. Ubiñas led the foundation through the global economic crisis and the overhaul of its investment strategy to protect the institution's long-term financial health. He also shaped a strategic and focused set of programs, and played a key role in launching new work on climate change, child marriage and a reimagining of the school day. During his tenure, the foundation also supported major new initiatives in global human rights, the arts, market-based approaches to overcoming poverty, and the deepening of democracy around the world.
"I am delighted that the Board has selected Darren as my successor," said Mr. Ubiñas. "Darren will lead the foundation with thoughtfulness, style and energy. I know that under his leadership the core social justice values this organizations stands for will continue to be strong."
Last Updated on Friday, 26 July 2013 17:13
Category: Business - Original Written by Amber Bogins
As the pioneer of the "one-stop shopping" experience, Meijer will once again make history as it opens its first supercenter in the city of Detroit next week at the Gateway Marketplace shopping center.
The July 25 opening celebrates the retailer's commitment to the city and its residents. At the former Michigan State Fairgrounds, the 190,000-square-foot supercenter will provide neighbors with quality merchandise, fresh produce and a full-service, drive-thru pharmacy that puts family health care first, including walk-in health screenings, comprehensive immunizations and specially trained diabetes- care pharmacists.
"We are thrilled to offer the Meijer experience to our new neighbors," Co-chairman Doug Meijer said. "There's so much history and pride here, so many people who've lived their entire lives in the city of Detroit, that the opportunity to provide healthy living options and help encourage growth is something our company is grateful to be a part of."
Located at 8 Mile Road and Woodward Avenue, the Detroit Meijer store creates more than 550 jobs and will embody the commitment to community that has guided the family-owned retailer over the years. Meijer donates more than 6 percent of its net profit each year to charitable organizations such as food pantries. The company also partners with local farmers and businesses, when available, to provide locally-grown produce and other local products.
For example, the Detroit Meijer will feature State Fair Pale Ale, a distinctive craft beer from Detroit-based Atwater Brewery honoring the historic Michigan State Fair.
"The opening of Detroit's first Meijer store means new jobs, continued economic growth and greater convenience for the residents of our city," said Detroit Mayor Dave Bing. "As the anchor of the new Gateway Marketplace shopping center, Meijer represents another important business investment that is transforming Detroit into a retail destination."
Additionally, the Detroit Meijer store will be the latest to highlight Michigan small businesses through the retailer's Made in Michigan initiative with the Michigan State University Product Center for Food-Ag-Bio. Last year, Meijer expanded its program that supports small Michigan businesses to feature 55 new Michigan-made grocery items in all stores statewide. This year's lineup will include marinara sauce by Bon-A-Rose in New Hudson, barbeque sauce from Let'z Eat Food in Waterford, pickled beets and peppers by Safie's Pickles in Chesterfield, and healthy Mediterranean foods by Teta Foods in Clinton Township.
"This store represents a city experience our whole team wants to invest in and watch grow," said store director Adrian Lewis, who personally interviewed more than 400 of the 550 new Meijer team members. "I already feel at home here and am looking forward to providing a one-stop shopping destination that's welcoming to all of our neighbors."
In addition to the retailer's traditional grocery and merchandise offerings, garden center and gas station, the new Meijer pharmacy offers the company's free prescription program as well as clinical services and immunizations designed to promote family health. The prescription program includes leading oral generic antibiotics with a special focus on prescriptions most often filled for children, prenatal vitamins and medications for those with diabetes and high cholesterol. Since its inception in 2006, the Meijer free prescription program has filled more than 14 million free prescriptions, saving Meijer customers nearly $200 million.
"As a pioneer of one-stop shopping, we've always strived to offer easy, affordable solutions to our neighbors and look forward to bringing our offerings to Detroit," Doug Meijer said. "Whether it's a quick meal for the family, getting your yard ready for summer or seeking answers about a nagging health concern, these supercenters represent our ongoing commitment to help provide a healthier balanced lifestyle for anyone who steps through our door."
Last Updated on Wednesday, 24 July 2013 11:47
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