Originals CIPO http://originalscipo.info/ Wed, 24 Nov 2021 03:18:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://originalscipo.info/wp-content/uploads/2021/11/cropped-icon-32x32.png Originals CIPO http://originalscipo.info/ 32 32 The Naas land offers development potential at € 3 million https://originalscipo.info/the-naas-land-offers-development-potential-at-e-3-million/ Wed, 24 Nov 2021 02:30:00 +0000 https://originalscipo.info/the-naas-land-offers-development-potential-at-e-3-million/

Developers and industrial occupants looking for opportunities in the Greater Dublin Area (GDA) may be interested in a site that has entered the market on the outskirts of Naas, Co Kildare.

Located right next to Globe Retail Park, where the tenant list includes Woodie’s DIY, Maxi Zoo, Smyths Toys and EZ Living Interiors, the site spans 4.56 hectares (11.26 acres), has 145 meters of frontage. on Monread Road, and is zoned for industry and warehousing as part of the Naas Local Plan Project (LAP). Uses permitted in principle under this zoning include industry, vehicle sales, gas stations and warehousing. The property in question is being offered for sale by Agent Lisney at a guide price of € 3 million.

In terms of accessibility, the site is located just 400 meters from the M7 (Dublin to Limerick motorway) at junction 9 (Naas North), less than 2 miles north of Main Street Naas, 13 miles away. west of the M50 motorway and 31 km west of Dublin City Center.

The property is close to public transportation with a number of regular bus services operating locally and over longer distances. Sallins train station is approximately 1.5 miles north of the property, offering journey times of around 30 minutes on average to Dublin city center.

Naas is a proven commercial and residential hub in its own right and a long established suburban town with a population of approximately 21,393 according to the 2016 census.

The city and its hinterland have a strong industrial base and are home to many global occupiers, including the Kerry Group and International Fund Services. It is also a proven strategic logistics location with nearby occupants that include Aldi, Lidl, DSV and Primark.

Commenting on the sale, Lisney said: “This property offers a potential buyer the opportunity to acquire a very accessible plot of land, in close proximity to the M7 motorway and with the potential to develop much needed industrial space.

4 ways in which MSMEs can be agents of economic growth and development https://originalscipo.info/4-ways-in-which-msmes-can-be-agents-of-economic-growth-and-development/ Wed, 24 Nov 2021 00:45:36 +0000 https://originalscipo.info/4-ways-in-which-msmes-can-be-agents-of-economic-growth-and-development/

The MSME sector is rightly referred to as the “backbone of the Indian economy” as it promotes sustainable economic growth, provides massive jobs and ensures equitable Indian socio-economic development. We face the reality of the global economic disruption caused by the COVID-19 pandemic as we battle the current healthcare crisis.

At this critical stage, an ecosystem that allows the MSME sector to adapt, survive and thrive is needed. Let us look at the four key areas for MSMEs, namely finance, supportive reform, recovery and growth.

MSME funding

The growth of MSMEs in India faces several challenges due to lack of adequate financing. The obstacles are numerous, ranging from traditionally risk averse credit channels, lack of easy access to capital, lack of knowledge of available financial products to high operating costs, etc. Therefore, there is a need to expand access to the various financing options available to MSMEs.

To more easily access funds, MSMEs can:

  1. Register for the GST to create a verifiable credit history
  2. Leverage TReDS that connects MSMEs with buyers and financiers
  3. Alternative financing channels such as NBFC fintech, asset-based financing, alternative debt, hybrid instruments and equity injections

MSMEs should perform careful analysis and evaluate the financial products available in the market for the potential advantages as well as the disadvantages.

MSME reforms

India’s MSME sector is not only an engine of economic growth, but it is also the key to achieving the goal of building a self-reliant nation. The Government of India (GoI) has undertaken several efforts, through the Ministry of MSMEs and other agencies, to address the pressing challenges facing the sector, promote the ease of doing business and boost its economic recovery.

Some of the key initiatives undertaken by the government to develop, sustain and sustain the MSME sector are:

  1. Timely payment to MSMEs and claims against late payments
  2. Aatmanirbhar Bharat Program – Economic package announced by Government of India, aimed at achieving self-sufficiency with relief measures announced for the development of MSME sector
  3. MUDRA Program – One of the largest small loan programs in the world, providing working capital to nearly 20 million people
  4. The government has also launched various programs to help MSMEs switch to more efficient technology and obtain various technology related licenses.
  5. To boost infrastructure development, the Ministry of MSMEs and the Government of India (GoI) have adopted the cluster development approach as an essential strategy to improve the productivity, competitiveness and capacity building of MSMEs and their collectives in the sector. country.
  6. TReDS, commercial loans and other measures

MSME takeover

While the GoI has introduced a major stimulus package for MSMEs, there are global sources of credit and NGO funding for projects available beyond the government stimulus that an MSME can take advantage of, to finance and support its growth. .

Many foreign suppliers offer extended credit terms at lower financing costs. Several countries have expanded the product listings of their trade agreements with India, particularly in pharmaceutical and health-related products, which is expected to benefit the export-oriented MSME sector.

MSME growth

To transform MSMEs into a stable and financially self-sustaining industry, small businesses must take advantage of available growth opportunities and successfully adapt to changing market needs. Here are some ways that can help strengthen MSMEs by creating an ecosystem of innovation and collaboration.

  1. Power of the collective to concentrate – The Ministry of MSMEs adopted the cluster development strategy. This allows MSMEs to work together and increases the potential for success
  2. Internet as equalizer – Data shows that online presence helps MSMEs generate higher incomes, higher profits and increase their customer base than their physical counterparts.
  3. Building on a niche helps to make the most of the core capabilities of the business in combination with an innovative marketing strategy to achieve greater success and a more sustainable business.
  4. Small can be mighty – Successful MSMEs know that their size gives them the advantage of being nimble, agile and increases their ability to adapt to changing landscapes and respond more quickly to changing customer needs.
  5. Power of collaboration – Indian MSMEs should see collaboration with other MSMEs as a strong differentiator and competitive advantage.
  6. Strong innovation – MSMEs have enormous potential to introduce innovative and out-of-the-box ideas, market them successfully and grow rapidly.

MSMEs must now seek opportunities that go beyond COVID-19 and plan to grow their business by innovating and taking an agile approach. Strategic adoption of technology will be one of the key elements in the growth of MSMEs in India.

During these times, accountants often play the role of trusted advisor to small businesses, guiding them on how to operate financial packages and supporting them with advice on good governance, legal and ethical practices to ensure profitable and long-term growth.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

Development Update – A “Five Star” PBSA and a Break … https://originalscipo.info/development-update-a-five-star-pbsa-and-a-break/ Wed, 24 Nov 2021 00:00:40 +0000 https://originalscipo.info/development-update-a-five-star-pbsa-and-a-break/

He says the growing trend for luxurious interior design in modern student accommodation has helped spark a larger, American-style culture of lifetime rental accommodation.

Acres Interiors, the interior design arm of the Nottingham-based company, has included a gym, coffee bar and library with pocket workspaces in its designs for Chameleon’s Rest.

The multi-million pound project – with luxury studios with en-suite bathrooms, vibrant colors and ambient LED lighting – is designed to meet the growing expectations of today’s students and reflects just how much developers need to improve their game in an extremely competitive market.

Still in the pre-planning stage, Chameleon’s Rest is just one of many projects to which Acres Architects is bringing its expertise to the booming build-to-lease market.

The practice, based in Nottingham Science Park, believes that the higher expectations of students and their families are helping catapult society closer to a culture of lifetime rental rather than the traditional British aspiration of homeownership. .

Edward Acres, Founder and CEO of Acres Group, comments: “Student housing today is so good that when they leave college, graduates can’t afford to buy something nearby. of the same level. But they still want it.

“So they’re renting out fabulous new downtown apartments instead. This is a major change from what we were used to – and there is now a huge emerging market for single family homes in the suburbs that are only available for rent. It’s a very American model, but a direction we’re definitely heading in the UK.

Acres says the “culture of monthly payments” was already evident in many aspects of modern life, from the way we pay for everything from cars to music, so the dynamic shift more strongly towards renting lifetime homes. was not surprising.

“More and more people, from their twenties, will have to rent rather than buy,” he continues. “It’s not all the result of dramatically improved student accommodation, but it certainly reflects an increase in our expectations compared to a few years ago.

Alicia Hollis, interior designer at Acres Group, says there was clearly a proven market for more sophisticated design in student accommodation, driven in part by universities’ desire to attract affluent foreign students, especially those from abroad. ‘Asia.

“The design now looks more like hotels,” she adds. “Better configured kitchens and common areas, gyms, play areas and stylish cafes are becoming the norm, as is the increasing emphasis on wellness areas and ‘bringing the outdoors to the outdoors. ‘inside’. “

“Students today are also rarely forced to sleep in small single beds and most have en suite bathrooms. ”

Inauguration of the new development site in Bristol

An “innovative” event to mark the start of construction of the first new homes at McArthur’s Yard took place last week.

On November 17, Cabinet Member responsible for housing and housing delivery Councilor Tom Renhard joined senior members of the Guinness Partnership and the Hill Group in formalizing this milestone.

Commenting on the start of work on site, Cllr. Renhard says: “An excellent partnership between Guinness and Hill, in conjunction with the Planning Department of Bristol City Council, has enabled this abandoned brownfield site, which had been vacant for 20 years, to finally be put to good use. I am delighted to be here today to pave the way for what will soon become new homes for the people of Bristol.

The important port site of the historic Bristol shipyard is one of the few areas that remains underdeveloped in the city. When complete, McArthur’s Yard will provide 142 new homes for sale, condominium and social rent as well as a ground floor commercial space and cafe for community enjoyment.

Jon Milburn, Group Development Director at The Guinness Partnership, said: “We are delighted to have had Advisor Renhard with us this morning and thank him for taking the time despite his busy schedule of attending. our event.

“This ceremony marks an important ‘next step’ for Guinness and our delivery partner Hill as we begin to create a new community on the waterfront. I am delighted that work has now started on this important addition for the city.

Mc Arthur’s Yard will provide a collection of 142 one, two and three bedroom homes, which will be modern in design, thermally efficient and economical to live with 20% of the energy generated by renewable energy.

The program will also include cycle spaces providing residents with easy access to the city center and electric car charging points will be installed to improve environmental benchmarks.

Throughout the construction of this new mixed-use development, new jobs will also be created for skilled local construction while the new street-level business units of the development will continue to boost the local economy while providing residents with premises a wider choice of businesses on their doors.

Hill Group Managing Director Andy Hill adds: “We are delighted to celebrate the start of this exciting regeneration project in Bristol, a city experiencing increasing demand for housing. McArthur’s Yard will offer an attractive mix of new social and private apartments and homes that we will create to fit today’s lifestyle. I am sure many people will really enjoy living in this unique waterfront development when completed.

BTR’s ambitious development in Hull gets the green light

A new construction for lease (BTR) development in Hull is about to be delivered after building permit was granted by Hull City Council.

The £ 6.6million development will be the first of several projects undertaken in partnership between BTR provider Wise Living and developer Strata Homes. It is also the first Wise Living project in collaboration with, and to be funded by, PGIM Real Estate.

The project will see 50 BTR homes, including two, three and four bedroom properties, built on the Preston Road site in the city’s Marfleet area.

The plans are part of a large regeneration project that is delivered by Strata, Keepmoat Homes and Homegroup. When completed, the site will house over 500 new units, with the 50 BTR homes being part of the first phase of the project.

The approval for the development comes at a time when BTR has seen strong growth in the UK, not only in major populated areas, but also in small towns. In the first quarter of 2021, the sector received an estimated investment of £ 1.2 billion, up 335% from the first quarter of 2012.

Development Update - a “five star” PBSA and a first stop in BristolSpeaking on the project, Mark Gratton, Director of Lands and Development at Wise Living, comments: “We are really delighted that our first BTR development in partnership with Strata has been given the green light following the exchange of contracts. . Together, we will be delivering quality private rental properties to the City of Hull, and we look forward to construction starting in the near future.

“We are delivering this project at a time when demand from families for high quality rental properties in suburban areas is on the rise. Remote working is here for a lot, which means people now have more flexibility as to where they live and choose quieter areas with easier access to green spaces. We have already seen this through our suburban BTR developments in Mansfield and Telford. “

Gratton says working with developers who share Wise Living’s ambition to provide high-quality rental properties in the suburbs has been at the heart of his strategy and why he sees Strata as a key partner.

“We look forward to delivering more BTR developments in partnership with Strata in the coming months, with progress already made at additional sites in Mansfield for 36 units and in Nottingham for 113 units as part of our overall growth pipeline.” , did he declare.

Development Update - a “five star” PBSA and a first stop in BristolMark Leaf, Land Manager at Strata, adds, “It’s great to have been able to cement the relationship with Wise Living by starting a new project with them. Their product is a superb complement to ours on the Hull program and will help create a sustainable neighborhood alongside our partners. ”

“We have worked collaboratively to advance this program which will see Strata deliver 242 new homes as part of our strategic relationship with the local council.”

Earlier this year, PGIM Real Estate acquired a portfolio of BTR single family homes from Wise Living. Comprised of five existing projects and three development sites, the agreement includes a total of 433 units, which Wise Living will continue to manage on behalf of PGIM.

Preston Road in Hull is the first of three new development sites to be announced as a result of the agreement.

]]> Outlook Therapeutics Announces $ 10 Million Common Stock Offer | 2021-11-23 | Press Releases https://originalscipo.info/outlook-therapeutics-announces-10-million-common-stock-offer-2021-11-23-press-releases/ Tue, 23 Nov 2021 21:30:20 +0000 https://originalscipo.info/outlook-therapeutics-announces-10-million-common-stock-offer-2021-11-23-press-releases/

ISELIN, NJ, November 23, 2021 (GLOBE NEWSWIRE) – Outlook Therapeutics, Inc. (Nasdaq: OTLK) (“Outlook Therapeutics & CloseCurlyDoubleQuote;), an advanced clinical biopharmaceutical company working on the development of the first FDA-approved ophthalmic formulation of bevacizumab-vikg for use in retinal indications, today announced that it has concluded a subscription agreement with HC Wainwright & Co., LLC under which the subscriber has agreed to purchase on a firm commitment basis 8,000,000 ordinary shares of Outlook Therapeutics, at a public price of 1, $ 25 per share, less subscription discounts and commissions. The offer is expected to close on or around November 29, 2021, subject to the satisfaction of customary closing conditions.

HC Wainwright & Co. acts as the sole accounting manager of the offering.

Outlook Therapeutics also granted the underwriter a 30-day option to purchase up to 1,200,000 additional common shares at the public offering price, less subscription discounts and commissions. The gross proceeds of Outlook Therapeutics, before deducting underwriting discounts and commissions and offering costs and assuming that no exercise of the underwriter’s option to purchase additional common shares, is expected to be approximately $ 10. , 0 million dollars.

Outlook Therapeutics intends to use the net proceeds of the offering for working capital and general corporate purposes, including to support its ONS-5010 development program.

Common shares are being offered by Outlook Therapeutics in accordance with a registration statement on Form S-3 (File No. 333-254778) originally filed with the Securities and Exchange Commission (the “SEC & CloseCurlyDoubleQuote”) on March 26, 2021 and declared effective by the SEC on April 1, 2021. The offering of the Common Shares is made only by way of a prospectus, including a prospectus supplement, which forms part of the effective registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the Offer and describing the terms of the Offer will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and accompanying prospectus and the final prospectus supplement and accompanying prospectus may also be obtained, when available, by contacting HC Wainwright & Co., LLC at 430 Park Avenue , 3rd Floor, New York, NY 10022, by calling (212) 856-5711 or emailing placements@hcwco.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy such securities, and there will be no sale of such securities in any State or other jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Outlook Therapeutics, Inc.

Outlook Therapeutics is a biopharmaceutical company working on the development and launch of ONS-5010 / LYTENAVA ™ (bevacizumab-vikg) as the first ophthalmic formulation of bevacizumab approved by the FDA for use in retinal indications, including wet AMD , the DME and the BRVO. If bevacizumab ophthalmic ONS-5010 is approved, Outlook Therapeutics plans to market it as the first and only ophthalmic formulation of bevacizumab approved by the FDA for use in the treatment of retinal disease in the United States, United Kingdom , Europe, Japan and other markets. Prospects Therapeutics plans to submit ophthalmic bevacizumab ONS-5010 to the US FDA as a new BLA under the PHSA 351 (a) regulatory pathway. For more information, please visit www.outlooktherapeutics.com.

Forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact are “forward-looking statements”, “including those relating to future events. In some cases, you may identify forward-looking statements by terminology such as “intention,” “will,” “potential,” “may,” “might,” “should,” “wait,” “plan,” “anticipate, “” Project, “” believe, “” estimate, “” predict & CloseCurlyDoubleQuote; or “continue,” the negative of terms like these or other comparable terms, and other words or terms of similar meaning. These include, but are not limited to, statements relating to the completion of the public offering, the satisfaction of customary closing conditions related to the public offering and the intended use of the net proceeds of the public offering. Although Outlook Therapeutics believes it has a reasonable basis for the forward-looking statements contained herein, they are based on current expectations regarding future events affecting Outlook Therapeutics and are subject to risks, uncertainties and factors relating to its market and to the other conditions, operations and business environment, all of which are difficult to predict and many of which are beyond its control. These risk factors include the risks detailed in Outlook Therapeutics’ filings with the Securities and Exchange Commission. These risks may cause actual results to differ materially from those expressed or implied by the forward-looking statements contained in this press release. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Outlook Therapeutics assumes no obligation to update, modify or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable laws. applicable securities.


Media inquiries:

Harriet ullman

Deputy Vice President


Phone. : 617-669-3082


Investor inquiries:

Jenene thomas

Chief Executive Officer


T: 833.475.8247


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FinWise Bancorp Closes Initial Public Offering of Common Shares | New https://originalscipo.info/finwise-bancorp-closes-initial-public-offering-of-common-shares-new/ Tue, 23 Nov 2021 21:09:03 +0000 https://originalscipo.info/finwise-bancorp-closes-initial-public-offering-of-common-shares-new/

MURRAY, Utah, November 23, 2021 (GLOBE NEWSWIRE) – FinWise Bancorp (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that it has completed its IPO of ” a total of 4,025,000 common shares at a public offering price of $ 10.50 per share, of which 525,000 common shares were sold pursuant to the underwriters’ over-allotment option, which was exercised in full. The placement is expected to earn the Company gross proceeds of approximately $ 42.3 million. The net proceeds to the Company, after deducting the estimated subscription discount and offering costs, are expected to be approximately $ 35.6 million. The Company’s shares began trading on November 19, 2021 on the Nasdaq Global Market under the symbol “FINW”.

Piper Sandler & Co. and Stephens Inc. acted as co-book managers for the offering. Kramer Levin Naftalis & Frankel LLP and Kirton McKonkie PC represented the company in the offer. The underwriters were represented by Hunton Andrews Kurth LLP.

The offer was made only by means of a prospectus. Copies of the final prospectus relating to the offering can be obtained from Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by calling (800) 747-3924, or by sending an email prospectus@psc.com or Stephens Inc., PO Box 3507, Little Rock, Arkansas 72203, or by calling (800) 643-9691 or sending an email prospectus@stephens.com. Copies of the registration statement relating to these securities and the final prospectus are also available free of charge from the website of the United States Securities and Exchange Commission (the “SEC”) at www.sec.gov.

A registration statement on Form S-1 (File No. 333-257929) relating to these securities was declared effective by the SEC on November 18, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to purchase. , nor will there be any sale of Common Shares in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that State. State or jurisdiction. The common shares offered under the initial public offering will not be insured by the Federal Deposit Insurance Corporation or any other government agency.

About FinWise Bancorp

FinWise Bancorp is a Utah banking holding company headquartered in Murray, Utah. FinWise operates through its wholly owned subsidiary, FinWise Bank, a non-member chartered bank in the state of Utah. FinWise currently operates a full-service banking facility in Sandy, Utah, and a loan production office in Rockville Center, New York. FinWise is a national lender and accepts deposits from consumers and small businesses.

Caution Regarding Forward-Looking Statements

This press release includes “forward-looking statements”, including with respect to the Company’s initial public offering. Words such as “believes”, “intends”, “expects”, “plans”, “anticipates” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the uncertainties inherent in predicting future results and conditions and no assurance can be given that the proposed securities offering discussed above will be completed under the conditions described or not at all. The completion of the proposed securities offering and the terms thereof are subject to many factors, many of which are beyond the control of the Company, including, without limitation, market conditions, – compliance with customary closing conditions and other risks detailed in “Caution Regarding Forward-Looking Statements”, “Risk Factors” and other sections of the registration statement filed with the SEC. All forward-looking statements presented here are made only as of the date of this press release, and the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. , unless required by law.

Media contact:


Copyright 2021 GlobeNewswire, Inc.

Starrett Corporation Seeks to Sell Two Bridges Development Site https://originalscipo.info/starrett-corporation-seeks-to-sell-two-bridges-development-site/ Tue, 23 Nov 2021 20:45:00 +0000 https://originalscipo.info/starrett-corporation-seeks-to-sell-two-bridges-development-site/

259 Clinton Street (Perkins Eastman / McNamara Salvia)

With the legal issue over the plans for the Two Bridges apartment towers settled, the developers cash in their tokens.

The Starrett Corporation is looking to sell the development site of its 700-foot-high project for around $ 100 million, said a source with knowledge of the company’s plans. The real deal.

The offer comes after the announcement that another group – a joint venture between CIM Group and L + M Development Partners – has reached a deal to sell its neighboring development site for just under that amount.

A representative of Starrett Corporation did not respond to a request for comment.

The company offers its development site at 259 Clinton Street, which can be built into a 61-story tower with up to 765 apartments.

At a height of 718 feet, the skyscraper will offer views of Manhattan, Brooklyn and Queens from one of the “last developable sub-markets south of 96th Street,” according to documents from Eastdil Secured, which markets the site.

Starrett has filed a building permit with the city and plans to have parts of the foundation in place by the spring to qualify for the 421-a tax break before the program expires on June 15, according to the memo. offer.

There are more than 2,700 planned apartments in a trio of developments in the Two Bridges neighborhood, which have been the subject of a vigorously contested court challenge.

Opponents of the new buildings sued in 2018, saying the developers needed political approval as part of Two Bridges ‘large-scale development plan put in place in 1972. Critics’ goal was to reduce the size of buildings and give the local city council member leverage to dictate its scope and negotiate benefits for the community.

A judge temporarily suspended the projects, but the courts eventually sided with the developers and administration of Blasio. The case was decided in May when the state’s highest court refused to hear an appeal in the battle.

The decision seems to have motivated some of the developers who have gone through the legal battle to take.

The agreement between CIM and L + M for the sale of their development site at 265 South Street has been concluded with the Chetrit Group.

Pittsfield board of directors approves brewery for $ 140,000 in economic development funds / iBerkshires.com https://originalscipo.info/pittsfield-board-of-directors-approves-brewery-for-140000-in-economic-development-funds-iberkshires-com/ Tue, 23 Nov 2021 19:59:00 +0000 https://originalscipo.info/pittsfield-board-of-directors-approves-brewery-for-140000-in-economic-development-funds-iberkshires-com/
Brooklyn, NY, transplants Mike Dell’Aquila and Sarah Real appear before the Community Development Council last week. They will be opening Hot Plate Brewing Co. in the Onota building on the corner of North and School Street.

PITTSFIELD, Mass. – The city center will become “more hoppy” by next summer.

The Community and Economic Development subcommittee approved an allocation of $ 140,000 from the city’s economic development funds for a new brewery on North Street.

Brooklyn, NY, Transplant Mike Dell’Aquila and Sarah Real will be opening Hot Plate Brewing Co. in the Onota Building at the corner of North and School Street.

The name evokes a difficult time when the couple were inspired to make their own craft beers on a hotplate after their gas was turned off. The site will be a “microbrewery” characterized by the production of 15,000 barrels or less per year.

The panel unanimously supported the funding, which will come from the Pittsfield Economic Development Fund, also known as the GE Fund. The fund balance is currently around $ 1.5 million.

The money will be used to buy equipment.

Real has been a craft beer lover for about 20 years and decided to start scoring her own at home in 2017. She dived headfirst into the New York brewing community, took classes, and joined. a national company for women in fermented drinks called the Pink Boots Company.

“I’m an award-winning home brewer, I got one of five Pink Boots Society scholarships this summer to do an immersive week in Washington’s Yakima Valley, which is the world’s largest hop producer,” said she declared. “And right now I’m part of the Brewers Association fall cohort.”

Dell’Aquila says his chamomile lager is one of the best beers he’s ever had.

Real has been in the consumer insight field for over 15 years and Dell’Aquila has 16 years of content creation, creative development and recent experience in product management.

Their business model is based on three common themes: craftsmanship, community and conservation.

Community is the most important aspect that has received a lot of attention. As a Latina, Real didn’t feel represented in the industry and said there was a general lack of representation in craft brewing.

“This summer there were a few presentations that came out, so there was a lot of talk about the lack of [diversity, equity, and inclusion] in the craft beer world, be it the BIPOC community, the LGBTQ community, there is not enough representation and inclusiveness, ”added Dell’Aquila.

“Sadly, these are white, male dominated men, guys who look like me, and not enough people who look like Sarah, and so for us, inclusiveness is really at the heart of who we are.”

Brewers also hope to add to the downtown revitalization efforts and add density to it. They can watch patrons walk by the Hot Plate Brewery in Thistle and Mirth or District, then watch a movie at the Beacon Theater.

When it opens, the seven-barrel brewery will have four full-time employees, including Real and additional part-time staff. They plan to add two more full-time employees by the second year and in the future grow with a team focused on growing the business.

The couple envision a smooth opening in the spring of 2022 and a full opening in the summer. The design has a maximum capacity of 106 people and will likely close between 8 p.m. and 9 p.m. on weekdays and 10 or 11 p.m. on weekends.

Community Development Director Deanna Ruffer said the entrepreneurs have demonstrated their understanding of the sector, created local relationships, and made good sense in marketing and business.

The two also presented figures that the city considers sufficiently conservative and realistic for a start-up.

She added that while the city doesn’t judge businesses on ownership structures, the city is happy to see a woman-owned business enter.

Ward 1 councilor Helen Moon asked how the couple view gentrification, stressing the importance of not pushing the existing community out while growing.

“Partly that’s because we’re getting to Pittsfield, we’re kind of bringing back what was already here, the little pubs that were still open for different shifts decades ago,” Real said.

“And for us it’s about bringing people together, we don’t put up a flag and say only that type of person can do it, that is, only that type of person can be there. What we heard as we spoke with many members of the community is that they want a meeting place and they don’t have one at the moment, so we feel like we are providing that service as a meeting place. “

The price of a beer will range from $ 5 to $ 8, which they say is comparable to other North Street restaurants such as Mission and the Lantern Bar and Grill.

Moon found these prices a bit steep and expressed concern about affordability for people who live near the downtown area.

“I can certainly hear you on what we offer downtown,” she said. “I would say that the offers we have downtown aren’t necessarily aimed at people who live close to downtown and more at people drawn to what we have to offer downtown, which doesn’t is not a bad thing, obviously, but again, how to balance the two? ”

Moon asked Ruffer about the four full-time positions the brewery will create, speculating that Real will take on one of those positions and that Dell’Aquila may do so in the future.

Ruffer clarified that he would be considered a founder and, therefore, would be an employee, not an owner.

“Because we only looked at these four and we never penalized a company for having its owner (s) included in the job tally, these four count in our process,” he said. she said about the posts.

“What this allows them is that we don’t have to take the money out until they create the other jobs, the part-time jobs and the part-time jobs matter.”

Moon later said she supported the project regardless of her inquiries. These questions just had to be asked, she explained.

Ward 3 councilor Nicholas Caccamo asked the brewers how they envision entering a crowded market. While there isn’t an overwhelming amount of breweries in Berkshire County, parts of the state are said to be saturated with them and the same can be said across the country.

Dell’Aquila pointed out that much of the craft beer movement is about people who drink locally. He highlighted the success of Bright Ideas Brewing in North Adams and Shire Brew Haus in Dalton and said he could see them being part of that mix.

“This is a modest investment with only net positive effects for the development of the city center,” Caccamo said. “So it’s obvious in this situation, I hope it goes very well.”

Key words: new business, brewery, GE fund,

]]> Up for grabs for city council: nonprofit oversight, $ 30 million for Riverside development, public service agreement https://originalscipo.info/up-for-grabs-for-city-council-nonprofit-oversight-30-million-for-riverside-development-public-service-agreement/ Tue, 23 Nov 2021 19:46:00 +0000 https://originalscipo.info/up-for-grabs-for-city-council-nonprofit-oversight-30-million-for-riverside-development-public-service-agreement/

Jacksonville City Council members will vote today on whether to implement stricter rules for funding nonprofits with city money.

Also on the bridge for the meeting is whether taxpayers should contribute $ 30 million to a Riverside development project, and a plan to rezone a closed school in the Northside for affordable housing.

Here’s what to watch out for:

Additional money monitoring for nonprofits

Council members must vote on tougher rules for nonprofits vying for city funds. Organizations should provide additional financial documents and disclose their connections to board members and their family members.

The proposal comes after the board in September donated hundreds of thousands of dollars to nonprofits that board members headed or worked for. The bill passed by two council committees last week and failed a tie vote in one committee.

Council member Reggie Gaffney, whose organization received the largest of these grants, opposed the bill in committee.

“That’s basically what we’ve been doing from the start,” Gaffney said. “It’s basically what the state does, basically what the federal government does, based on what I’ve been told, so at this point I’m not going to support it.

The board had waived bidding rules already in place for some of the funds it distributed to board member organizations in September.

The bill before council today would only apply to city funds, not federal or state grants the city distributes, like the US bailout dollars that council members gave to organizations handpicked last month. The bill’s sponsor, Rory Diamond, says it’s on the bridge for the future if today’s vote is in his favor.

“I’m going to follow that up with another bill that covers state and federal funds, but it’s one step at a time,” Diamond said. “I wanted this to be done. And then I’ll follow up with a state and federal bill, which will be almost exactly the same.”

The proposal is the last item on the council’s agenda.

$ 30 million for the Riverside development

There is also talk for tonight’s meeting whether taxpayers should contribute $ 30 million to subsidize developers’ plans to demolish the old Times-Union building in Riverside and replace it with apartments and stores.

Council will vote on a plan to demolish the old headquarters at 1 Riverside Avenue to build a grocery store, apartment complex and parking garage. The private developers, led by Fuqua Acquisitions, plan to invest $ 163 million in the project.

The city offers to pay about 15% of the development, with a price tag of $ 30 million in taxpayer-funded grants. The plan was adopted unanimously in council committees.

Rezoning of Northside School for affordable housing

Council is also adopting a controversial plan to replace a former Northside elementary school with affordable housing. Lake Forest Elementary School was closed two years ago due to underperformance, and the Duval County School Board has since signed a plan to sell the land to affordable housing developer Ability Housing.

But neighbors categorically fought the plan at city council committee meetings, saying the school district had not got their advice on what to do with the old school. What is happening at Lake Forest Elementary School could be a model for similar projects in other schools the district plans to demolish.

The school district and Ability Housing said they would consider partnering again. The district is set to demolish 44 schools, build 28 new ones and sell a dozen lots using the half-cent sales tax increase approved by voters in Duval last year. .

JEA Agreement on Rural Public Services

The Jacksonville utility struck a last-minute deal with a Ponte Vedra-based developer in a latent dispute that could have led to the privatization of utility over a large portion of Jacksonville’s Westside, according to a Florida Times report. Union.

The developer asked the state to allow it to provide water and sewer services on 7,000 acres of land that is expected to house more than 11,000 homes. JEA said the developer’s move violated its exclusive right to service the area, while the developer said JEA did not have the capacity to service as many new homes.

Under the deal reached on Monday, developers will plan and build facilities to produce and treat water and wastewater in the region. JEA will then purchase these facilities and provide the service to residents.

Jacksonville Today’s Sydney Boles contributed to this report.

Rivian Stock collapses after blockbuster IPO as Ford co-development plans canceled https://originalscipo.info/rivian-stock-collapses-after-blockbuster-ipo-as-ford-co-development-plans-canceled/ Tue, 23 Nov 2021 19:34:01 +0000 https://originalscipo.info/rivian-stock-collapses-after-blockbuster-ipo-as-ford-co-development-plans-canceled/

Ben Moon / Rivian

Electric vehicle company Rivian saw its shares crash after it was announced that it no longer plans to co-develop an EV with Ford.

See: Here’s how much you would save on gasoline with a Tesla and other electric cars
Find out: What you need to know about insuring an electric car

Rivian, the electric vehicle company backed by Amazon and Ford, launched its initial public offering on Wednesday, November 10 in what became the largest IPO of 2021, as previously reported by GOBankingRates. It also places the company in second place, behind Tesla, as the largest American automaker.

Rivian shares rose 57% in their first two days on the Nasdaq. Rivian finished its first day as a state-owned company valued at nearly $ 88 billion, more than triple its last private valuation. That puts the electric vehicle maker on par with General Motors Co. and more valuable than Ford Motor Co., one of its major investors, as well as rival Lucid Group Inc., according to Bloomberg. When estimated on a fully diluted basis, the Irvine, Calif.-Based company is valued at around $ 98 billion, according to Bloomberg. The company raised $ 12 billion, the largest figure for any U.S. company since Facebook raised $ 16 billion in 2012, CNN reported.

In May, Ford announced that it had invested $ 500 million in Rivian, according to a press release.

Ford retains a 12% stake in Rivian, and when the company went public last week, that stake reached a value of more than $ 10 billion, according to CNBC.

“We respect Rivian and have had lengthy exploratory discussions with them, however, the two sides have agreed not to pursue any type of joint vehicle development or platform sharing,” Ford wrote in an emailed statement. , according to CNBC.

See: How much does it cost to buy an electric car? Could the discounts be worth it?
Find: Avis triggers sequence of meme actions after CEO announces push for electric vehicles – analysts urge caution

Rivian, currently enjoying a higher market value than Ford, confirmed CNBC’s termination of its plans on Friday.

“As Ford scaled its own electric vehicle strategy and demand for Rivian vehicles increased, we mutually decided to focus on our own projects and deliveries. Our relationship with Ford is an important part of our journey, and Ford remains an investor and ally on our shared journey towards an electrified future, ”the company said in an emailed statement to CNBC.

More from GOBankingRates

About the Author

Yael Bizouati-Kennedy is a former full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She has also worked as a vice president / senior content writer for major New York-based financial firms including New York Life and MSCI. Yael is now a freelance writer and most recently co-authored the book “Blockchain for Medical Research: Accelerating Trust in Healthcare”, with Dr Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, one in journalism from New York University and one in Russian studies from Toulouse-Jean Jaurès University, France.

MOISHE MANA’S MANA COMMON REVEALS DESIGNS FOR FIRST DEVELOPMENT, ‘NIKOLA TESLA INNOVATION HUB’, IN DOWNTOWN MIAMI’S FLAGLER DISTRICT https://originalscipo.info/moishe-manas-mana-common-reveals-designs-for-first-development-nikola-tesla-innovation-hub-in-downtown-miamis-flagler-district/ Tue, 23 Nov 2021 18:40:00 +0000 https://originalscipo.info/moishe-manas-mana-common-reveals-designs-for-first-development-nikola-tesla-innovation-hub-in-downtown-miamis-flagler-district/

Miami, Fla., Nov. 23, 2021 (GLOBE NEWSWIRE) – Moishe Mana’s Mana Common unveils designs by renowned architecture and design studio ZYSCOVICH for a striking facade of irregular glass panels to form a unique fixture in the line of Miami downtown skyline. The Nikola Tesla Innovation Hub is a collaboration between the Mana Tech and Mana Properties divisions of Mana Common and marks the cornerstone of Mana’s aspirations to make the Flagler District a global technology hub and the economic engine of the region. The intention of the designers was to give potential tenants an inspiring view of the Flagler neighborhood as it develops.

“As the first new building to be built in the (visionary) Flagler district, it had to be iconic,” said Bernard Zyscovich. “To achieve this while respecting the smaller canvas and scale of the building, which we intentionally kept in the fabric of the city center, we looked for ways to open up the building to the neighborhood and welcome it. The design was also meant to speak to the future of downtown Miami and the hub of technology, culture, and commerce that it is meant to be. The existing exterior skin will be removed and replaced with an artistic facade of reflective glass and shaded glass, providing the ability to see inside and be reflected in the same facade.

Originally built in 1980, the 13-story building once housed federal law enforcement offices, including the Miami divisions of the Federal Bureau of Investigation (FBI), the Internal Revenue Service (IRS) , US Customs and Federal Immigration Offices. The complete renovation of the building’s gut is being led by Telesco, with the completion and delivery of 137,000 square feet of new rental office space and 6,000 square feet of retail space on the ground floor on S. Miami Avenue. The garage adjacent to 26 SE First Street will also be undergoing renovations to provide 324 spaces to service the building.

As Moishe Mana says: “The tenants who will occupy this building will be among the first and courageous dreamers of what will be the most exciting neighborhood in the world. As they pursue their own dreams every day, I want them to be inspired by watching mine come true.

The Nikola Tesla Innovation Hub marks Mana Common’s first project as part of the Flagler District’s ambitious development in downtown Miami. Moishe Mana is Miami’s largest private landowner and a major player in downtown revitalization, with more than 60 properties in the area and four more under construction. Interior demolition at 155 S. Miami Ave. started at the end of 2020 to prepare for a complete renovation of the building by 2022.

“Nikola Tesla was an underrated genius during his lifetime,” says Moishe Mana, CEO of Mana Common. “Like Henry Flagler, Tesla lived in the Golden Age, a period of ingenuity and technological innovation, but also of brutal competition. At Mana Common, we believe that when competition is tempered by a compassionate spirit of the common good, we all benefit. “

“Nikola Tesla is the perfect example of a man whose desire to benefit humanity outweighed his personal ambitions,” Mana explains. “This building is a tribute to this heritage.

On Common mana
Mana Common is our neighborhood revitalization platform.

We believe that truly integrated neighborhoods, where residents can live, work and play, are the wave of the future. As such, the divisions of Mana Common reflect the most fundamental elements on which a community is built: culture, commerce, technology, property, agriculture, and social impact.

The name “Mana Common” comes from our belief that our world is increasingly connected. Rather than focusing on our differences, our shared humanity gives us common ground, common decency, and common knowledge upon which a truly thriving community ecosystem must be built.

Using the Mana Common process, we start building community ecosystems long before any construction begins and continue to maintain them long after. This allows rapid, significant and permanent vitality for a neighborhood.

Media contact:
Alice Teodoro / alice@powercollective.com / 786.888.4549
Marcia Martinez Laas / marcia@powercollective.com / 786.888.4549