Category: Business - Original Written by Amber Bogins
he Michigan Economic Development Corporation today announced Michigan Strategic Fund approval of a $1 million Michigan Community Revitalization Program incentive for a new community kitchen and renovation of Eastern Market in the City of Detroit.
“The renovation of this beloved Detroit landmark, with its new community kitchen, builds on Detroit’s growing urban agriculture movement and will bring a new vitality to the Eastern Market district,” said Gov. Rick Snyder. “This project will support entrepreneurship and small businesses, strengthen the community and create jobs in Detroit.”
Eastern Market has been supplying Detroit-area residents with fresh food since 1891 and currently draws more than 40,000 visitors on a weekly basis. The Eastern Market Corporation has been awarded a $1 million Michigan Community Revitalization Program incentive to renovate Eastern Market’s Shed 5, originally constructed in 1981, and add a new community kitchen that will support new, local food entrepreneurs. The project will include renovation of the functionally obsolete market shed structure and construction of the kitchen within the shed.
The completed project will serve as a regional hub for local food production, processing, distribution and retailing; an incubator for specialty food producers; a provider of culinary and nutritional education; a center for plant and flower sales, and public space for events. The project is expected to generate a total capital investment of approximately $8.2 million and add 36 full-time equivalent jobs.
“The Shed Five community kitchen project is one of our most pivotal projects,” said Eastern Market Corporation President Dan Carmody. “It allows us to accelerate our work of incubating new food processing business and also allows us to increase our programing around health and nutrition to market customers.”
The City of Detroit is supporting the project with bond revenue valued at $1.5 million and a Community Development Block grant valued at $330,000. The project has also received funding commitments from many foundations and a corporate sponsor, including the Ford Foundation, Erb Foundation, W.K. Kellogg Foundation, Kresge Foundation, Bank of America Charitable Foundation, DTE Energy Foundation, and Whole Foods Market.
“This renovation will further promote healthy and fresh food offerings around Detroit as well as serve as a catalyst for additional positive activity in the area,” said MEDC President and CEO Michael A. Finney. “We are pleased to support the efforts of the entire community in making the project a reality.”
The Michigan Community Revitalization Program provides grants, loans, or other economic assistance of up to $10 million to projects that will revitalize regional urban areas, act as a catalyst for additional investment in a community, reuse brownfield and/or historic properties and promote mixed use and sustainable development.
Last Updated on Thursday, 13 June 2013 17:38
Category: Business Written by Jana Kasperkevic | Inc.com staff
When it comes to innovation, playing it safe is too easy.
But nurturing growth and true innovation means taking risks, said Mauro Porcini, chief design officer at PepsiCo, during the World Innovation Forum on Wednesday.
One way companies limit risk-taking is by relying on focus groups.
Imagine if the wheel had to be approved by a focus group when it was first invented, said Porcini. What if the group didn't like its round shape and suggested one that was square?
Last Updated on Thursday, 13 June 2013 13:21
Category: Business - Original Written by Amber Bogins
The National Association of Women Business Owners – Greater Detroit Chapter (NAWBO-GDC) will induct the organizations new board of directors for the 2013-2014 year as well as recognize outstanding member’s contributions for the 2012-2013 year at their annual meeting and fashion show entitled, “Runway to Success”. The event, sponsored by MACY’s will be held on Thursday, June 20, 2013 at the Somerset Collection, starting at 4:30p.m. Festivities will take place on the second floor of Macy’s at Somerset Collection which is located 2800 West Big Beaver Road in Troy, Mich.
“This evening provides the opportunity for us to hear plans from the incoming president, to meet and welcome our new board members. It’s important for our members to get acquainted in order to carry out our mission of empowering one another”, says, Carol Kirkland, President, And NAWBO Greater Detroit Chapter. We are also excited to have this year’s media partner Corp!
As a part of the affair, representatives from NAWBO corporate sponsor’s General Motors, DTE, Comerica Bank, Sam’s Club, among others, will rip the runway modeling the summers hottest and latest fashion trends. A networking reception will take place from 4:30 p.m. – 6:00 p.m. followed by the board swearing in ceremony and fashion show from 6:00 p.m. – 8:00 p.m.
The new board members for the 2013-2014 year are as follows:
Elinor Ho, President
Mousumi Sarkar, President Elect
Cheryl Hudson, Secretary
Barbara Duran, Treasurer
Carol Kirkland, Past President
Tanya Allen, Director
Beverly Bantom, Director
Marcy Bell, Director
Tina Harmon, Director
Adrienne Lenhoff, Director
Mary Ann Lievois, Director
Michelle McNutt, Director
Lynn Shecter, Director
Tickets for NAWBO-GDC Members are $60 and for non members $85. With the purchase of admission, guest will receive a $25 Macy’s gift card. A private store shopping experience will conclude the evening’s program. Advance registration is required in order to attend this event; you may purchase your tickets by visiting www.nawbogdc.org.
Elinor Ho, president-elect and event co-chairman says "Runway to Success event symbolizes the team spirit of our members, corporate partners and NAWBO board all working towards the same goal - Business Success".
As part of NAWBO-GDC community efforts, for this occasion they have partnered with Alison Vaughn, founder "Jackets for Jobs", an organization that has helped over 14,000 individuals achieve their job seeking goals with proper etiquette and training programs. Members of NAWBO-GDC and their supporters have donated gently used clothing during this year’s past events whereby contributors are also eligible to be entered into a raffle for a gift donated by Macy’s.
Last Updated on Wednesday, 12 June 2013 12:25
Category: Business Written by Inc.com
Meetings are a favorite whipping boy of the business world, and it’s not hard to see why.
Often aimless and inflated, they pop up in your calendar like dandelions in your lawn, breaking your concentration and eating up your workday. Then, in the end, they often get hijacked by the most insistent participants rather than the most insightful ones rendering the whole exercise pointless.
Ugh. But if there are many reasons to hate meetings, there are also many ways to improve them. Geoffrey James recently offered nine ideas, while other experts have suggested everything from making people stand, to limiting participants or forcing them to prepare by penning lengthy memos. Seth Godin has even offered a field guide to common types of meeting trolls. With so much advice out there it’s hard to imagine uncovering a truly fresh tip or trick.
But Twitter and Medium co-founder Ev Williams may have done it. For a recent post he steals an idea for better meetings from Holacracy and urges readers to consider stealing it as well. What’s the essence of the idea? You could probably improve the way you close your meetings by having a "closing round." What’s that? Continue to Inc.com...
Last Updated on Wednesday, 12 June 2013 17:05
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