Restaurant Financing – Joy Peppers Sun, 02 Jan 2022 07:09:19 +0000 en-US hourly 1 Restaurant Financing – Joy Peppers 32 32 Former Fargo Kmart site receives aid to make new housing possible – InForum Sat, 01 Jan 2022 20:42:00 +0000

FARGO – Enclave co-founder Austin Morris said he drove by the old Kmart site on South University Drive here last year and asked his then 6-year-old daughter what she thought what would have to be done with the vacant building and the parking lot.

“Do something that helps people,” she told her father.

Morris relayed this story to the Fargo City Commission last week as the board approved the site’s rezoning and renewal plan.

Part of the project will create 88 apartment units for low income seniors built by Beyond Shelter Inc. on 4 acres on the west side of the property.

Such affordable housing is badly needed in the city. Current apartments for low-income seniors are almost completely full.

This effort will be bolstered by Fargo’s Enclave development company offering six commercial construction sites on the east side of the property closer to University Drive. Ideas for these sites include a restaurant, cafe, and a grocery store among the retail stores. Kmart occupied most of the space for almost 60 years after it was built in 1962.

Not only did the city commissioners 4-1 approve a plan to finance and renew tax increases to help demolish the huge store that had been vacant for two years, but there was also major development on the side of the affordable housing.

Beyond Shelter CEO Dan Madler said something happened that doesn’t happen often: The North Dakota Housing Finance Agency approved federal low-income tax credits that will help support the construction of affordable housing in one phase instead of two.

Originally, it was believed that the units should be constructed in two phases, thus extending the completion of the project by two years or more. Because two projects have been approved with 43 units for low-income seniors over 55 and another 45 units for those over 62, the job can be done in one go.

The credits will provide funding of approximately $ 20.5 million for the construction of housing.

Madler said the Kmart building is expected to be demolished by next summer, with work starting this fall and hopefully finished by fall 2023.

“It was huge,” Madler said of securing funding for both phases. It should also save on construction costs, as everything can be done at the same time, he said.

Enclave will see tax savings of up to $ 1.4 million over the 15-year tax plan to remove the building and provide some of the necessary infrastructure on the site.

City strategic planner Jim Gilmour said a financial analysis by a company the city uses said the project would not be feasible without the tax incentives and was also needed to help in the facet. affordable housing project.

Only Commissioner Tony Gehrig voted against the renewal plan because he believes many projects would be done by developers without such tax benefits.

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General Assembly Pizza secures C $ 1 million in second tranche of debt financing Fri, 31 Dec 2021 13:50:54 +0000

Content of the article

TORONTO – General Assembly Holdings Limited (the ” Society ” Where ” Georgia Pizza “) (TSXV: GA), a Toronto pizzeria turned omnichannel of consumer packaged goods (” GIC “), is pleased to announce that it has closed a second tranche of debt financing totaling $ 1 million (the” To lend ”) Under the same conditions as the $ 2 million debt financing announced by the Company on November 5, 2021.

The Loan will bear interest at the rate of 12% per annum, will be evidenced by a promissory note in favor of the lender and will be secured by a fixed and floating charge on the assets of the Company in accordance with the terms of a general guarantee agreement, which will be subordinated in priority to any security granted by the Company to any bank, financial institution or other commercial lender under any future credit facility issued by such lender. The loan will be repayable in equal monthly installments from the date that falls two years after the advance of the loan and ends on the date that falls one year and six months after that date.

Content of the article

The Company will pay the Lender an additional fixed monthly fee of $ 1,000, equivalent to 1.2% of the original loan principal per year, as a monitoring fee. The Company also intends to issue to the Lender, subject to the approval of the TSX Venture Exchange (the ” TSXV “), 1,652,228 warrants to purchase ordinary shares of the Company (each, a” Subscription voucher “), each warrant entitling the Lender to acquire one Class A common share (” Ordinary share ) During the forty-two month term of the Loan at an exercise price of $ 0.76.

The Company shall have the right to prepay the Loan, in whole or in part, at any time before the due date, without any notice being given to the Lender and without any premium or penalty.

GA Pizza will use the loan for working capital, general business needs and to support the purchase of equipment at its new dedicated production facility in Vaughan, Ontario.

Loans are subject to TSXV review and acceptance.

About GA Pizza

GA Pizza began life as a quick, casual pizza place in the heart of Toronto. Four years later, we’re also delivering a line of consumer packaged freezer-to-table products and a revolutionary e-commerce experience right to the consumer, not to mention a pizza box with more than one pizza in it. Our ambition ? Make delicious pizzas available to everyone, everywhere. We are always striving to take pizza to new heights, to show the world that better pizza is possible, to find new spaces and places to deliver unparalleled pizza experiences. Find us in your freezer or visit for more information.

Visit Where for more information.

Warning notice

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This press release contains statements that constitute “forward-looking information” or “forward-looking statements” (all “forward-looking information”) within the meaning of applicable securities laws, including statements regarding plans, intentions, Current beliefs and expectations of the Company with respect to future business activities and operational performance. Forward-looking information is often identified by the words “could”, “would”, “could”, “should”, “will”, “intention”, “plan”, “anticipate”, “believe”, “estimate” , “Expect” or similar expressions and includes information regarding planned increases in the Company’s production capacity at the main plant and the Company’s growth strategy.

Content of the article

Investors are cautioned that forward-looking information is not based on historical facts but rather reflects the expectations, estimates or projections of the Company’s management regarding future results or events based on the opinions, assumptions and estimates of management considered. as reasonable on the date the statements are made. Although the Company believes that the expectations reflected in this forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be relied upon because unknown or unforeseeable factors could have material adverse effects on the Company. the future results, performance, or achievements of the combined company. Among the main factors and risks that could cause actual results to differ materially from those projected in the forward-looking information may include, without limitation, the following: there is no market for the securities of the Company ; the Company’s limited operating history; global economic risk; the impact of COVID-19 on Society; the general economic environment; cybersecurity risks; financial projections may turn out to be materially inaccurate or incorrect; the Company may encounter difficulties in forecasting sales; general competition in the industry from other firms; growth risk management; dependence on management; insurance risks; changes in the costs of food and supplies could adversely affect profitability and ultimately our results of operations; our business could be affected by increased labor costs or difficulties in finding suitable employees; changes in customer tastes and preferences, spending habits and demographic trends could lead to lower sales; changes in nutrition and food regulations; the failure to establish our main production plant; the inability to increase production capacity; disruption in our facilities; government regulation of the food industry creating risks and challenges; risk associated with food safety and consumer health; changes in internet and social media search algorithms; risks associated with leasing commercial and retail space; use of third parties for shipping and processing payments; environmental laws; we may not persuade customers of the benefits of paying our prices for better food; our marketing and advertising strategies may not be successful, which could have a negative impact on our business; additional financing needs; the Company can prioritize customer growth and engagement and the customer experience over short-term financial results. This forward-looking information may be affected by risks and uncertainties relating to the activities of the Company and to market conditions.

Content of the article

If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information turn out to be incorrect, actual results could differ materially from those described in this document as being intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that could cause results not to be as anticipated. , estimated or planned. The Company does not intend and assumes no obligation to update this forward-looking information, except as required by applicable law.

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Tat Read, Senior Manager, Partnerships and Communications, GA Pizza

Investor Relations
Eric Balshin, Sophistic Capital

Ali Khan Lalani, CEO and Founder, GA Pizza


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🌱A detention officer arrested for smuggling and burning a shopping center Wed, 29 Dec 2021 20:59:09 +0000

Hey, Oklahoma City folks! It’s me again, Helen Eckhard, your host for the Oklahoma City Daily.

First of all, the weather forecast for the day:

Usually sunny and mild. High: 67 Low: 45.

Here are the top 3 stories from today in Oklahoma City:

  1. A detention officer was arrested Tuesday for smuggling into the Oklahoma County Detention Center. During a search for employees under standard protocol, authorities discovered that Agent Reagan Widener was carrying an unauthorized cell phone. Widener confessed that she had previously received $ 2,000 from an inmate to bring in tobacco and deliver packages of unknown drugs. Widener was fired and faces multiple charges including the distribution of controlled substances and possession with intent to distribute. (KFOR Oklahoma City)
  2. Fire crews responded to a three-alarm blaze at a northwest Oklahoma City shopping mall on Tuesday night. The 10th Street mall was largely vacant, but contained two operating businesses, both closed at the time of the fire. No injuries were reported. Authorities are still investigating the cause of the fire, which caused damage estimated at $ 202,000. (KOCO Oklahoma City)
  3. Meals on Wheels program feeds seniors in Oklahoma County. St. Luke’s United Methodist Church has announced that it delivers more than 600 meals a day to residents who would otherwise not have access. Throughout the year, St. Luke’s and 50 other area churches served and delivered over 5.5 million hot meals.(KOCO Oklahoma City)

From our sponsor:

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Today in Oklahoma City:

  • Center Sphere Networking Meeting At the Moore Chamber of Commerce (9:00 a.m.)
  • Yukon networking lunch At the Interurban Restaurant (12:30 p.m.)

From my notebook:

  • The Oklahoma City Fire Department rescued a French bulldog after the dog accidentally got locked in a car. (Facebook)
  • Oklahoma City Dodgers Front desk staff and the OKC Dodgers Baseball Foundation have teamed up to help donate 100 children’s bikes and helmets to the Latino Agency for Community Development and to families in need. (Facebook)
  • Oklahoma City public school students can participate in the district’s Winter Break Reading Challenge to win exciting prizes when classes resume. (Facebook)

More from our sponsors – thank you for supporting the local news!

Featured companies:


Do you like the everyday life of Oklahoma City? Here are all the ways you can get more involved:

  • Send this link to a friend or neighbor so they can subscribe
  • Get your local business listed in front of readers

Alright, all is well for today! I’ll see you soon.

Helene Eckhard

About me: Helen Eckhard is a Marketing Assistant at Lightning Media Partners. She is a self-proclaimed logophile who is currently pursuing her Masters in Library Science. Outside of work, you can find Helen building crossword puzzles, knitting, or devising increasingly clever ways to kill characters from her detective novels.

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Downtown McKinney hosts homecoming event for Kentucky tornado survivors Mon, 27 Dec 2021 22:48:00 +0000 A percentage of December 29 sales from select businesses in downtown McKinney will be used to rebuild Mayfield, historic downtown Kentucky. (Brooklynn Cooper / Community Impact Journal)

McKinney residents have a local opportunity to support those affected by the tornadoes that ravaged the country earlier this month.

Jennifer Klassen, owner of a historic business and property in McKinney, along with McKinney Main Street and the McKinney Chamber of Commerce, will host a fundraiser on December 29 called McKinney Heart Mayfield. A percentage of sales from some businesses in downtown McKinney and other parts of the city will go to rebuilding Mayfield, the downtown district of Kentucky, which was devastated by the December tornadoes.

Alternatively, donors can contribute directly to a GoFundMe hosted by McKinney Main Street. All donations to GoFundMe will benefit the Mayfield Community Foundation.

The Ross family and Lone Star Wine Cellars opened the campaign with a contribution of $ 5,000, according to a press release. A week later, the campaign has donated more than $ 12,500.

A full list of companies participating in the December 29 campaign can be found on the website McKinney town site. It will be updated regularly.

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10 TV shows for entrepreneurs Sat, 25 Dec 2021 18:23:13 +0000 Get to know some current programs that you can replay on services like Netflix or even YouTube, with which you can watching excessively and learn at the same time.

This reality is the American version of dragon’s lair , a Canadian program broadcast by the BBC and based on a Japanese program. Shark Tank is a group of investors (called “sharks” or sharks) to whom various entrepreneurs present their projects in search of financing. This program is a “must” for anyone looking for investors to start or grow their business, from which they will learn what to say to get their attention, as well as the main mistakes entrepreneurs make when presenting. of their business ideas. The Mexican version is broadcast by Canal Sony on cable.

2) Undercover boss

This program is a franchise originating in England and adapted in various countries. In this, the director of a large company enters incognito (as a staff member and changing his appearance) into his own company within a week. Under the pretext that a documentary is being filmed, the cameras film the entrepreneur as he investigates the actual functioning of his business, the problems that exist there, and identifies opportunities for improvement, as well as the employees who are the worst. more valuable than it ultimately rewards. . a spectacle. Why should you see him? Often entrepreneurs (especially high profile ones) do not know how their own business operates; This insight is ideal for understanding how it works and putting yourself in the shoes of your employees.

3) 2 broken girls

This American sitcom tells the story of two young people – a middle-class girl from Brooklyn and a former millionaire whose father cheated her to have to work and learn to live without money – who want to start their own business. cupcakes. . While at first glance it might seem like just a comedy to pass the time, it actually has a lot of lessons for entrepreneurs. For example, the desire of young women to be entrepreneurs; and second, that despite being newcomers, they know full well how much money do they need to make their dream come true. The series shows many of the sacrifices and challenges that an entrepreneur must overcome before owning a business.

4) Mad Men

This award-winning drama series has been one of the biggest hits of recent times. It takes place in the 60s and tells about the complex life in the world of advertising. The main character, Don Draper, is a successful publicist and partner of a well-known agency. Despite being a feminist man, alcoholic, and workaholic, Draper’s leadership is remarkable. He is a manager who understands that innovation and creativity are the main axes for having a competitive and efficient company; that you have to surround yourself with the best talents and know how to motivate them. Another of this character’s lessons is the importance of image to business success, so he’s always impeccably dressed.

5) The next great American restaurant

If you are interested in open a restaurant , you shouldn’t miss this reality TV show. About ten chefs create an original restaurant concept which must prove that it will be crowned with success, both in terms of the idea and the quality of the dishes. Renowned food critics, chefs and customers are the judges: they decide who wins and who loses, that is to say who they fund to open their own restaurant. With this program you will learn to work under pressure and the importance of seducing consumers through the senses. From the same designers, we recommend Excellent chef .

6) Office

This hilarious comedy, previously starring Steve Carrell, shows the tangles of an office owned by a paper company. This series is recorded by simulating a documentary and shows everyday situations in professional life, as well as relationships between colleagues and with the boss. This show helps to understand the concerns of employees, the relevance of the work environment in the productivity of a company, as well as the keys to motivate (or demotivate) staff. It’s a fun lesson on human ressources .

seven) The Secret Millionaire

This reality, also created in England, concerns a millionaire who gives up his life of luxury to go incognito in a poor community. For a week, the entrepreneur lives on a limited budget, works hand in hand with people and looks for projects that deserve a part of his fortune. In the end, he reveals his identity and gives thousands of dollars to improve their living conditions. This program addresses a very important subject for entrepreneurs, which is often relegated to the background: social responsibility . Authentic leaders support their communities and invest in their development; they know how to grow with and not on others.

8) How i made my millions

This show is about ordinary people who, with a good idea, succeed in business and become millionaires. In it, there are clips of well-known CEOs or founders of companies telling their stories as entrepreneurs (there are usually three per chapter). Knowing where some of today’s most successful and famous businesses came from is very inspiring for entrepreneurs like you who are starting from scratch.

9) lodge

This drama features an egocentric, sarcastic, and brilliant doctor who, with his team, attempts to solve medical puzzles and diagnose atypical illnesses. Although House is a controversial figure – drug addict and misanthropist – his strategy for solving cases applies to all activities. When a patient arrives, he immediately calls a meeting with his team (a select group of talents) where they genius idea to get a diagnosis. In general, it is he who discovers the disease because he knows how to go to the source, consider the small details and attack it without sentimentality or fear. An entrepreneur must also have a problem-solving process and the ability to keep a cool head in any situation. Remember, “business is business”.

Help us grow the list! What other TV or streaming programs are recommended for entrepreneurs? Share your answer on our social networks.

Copyright 2021 Inc., All rights reserved

This article originally appeared on

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The year 2021 in review | Local news Fri, 24 Dec 2021 07:00:00 +0000

As another year draws to a close, the Greene County Courier takes a trip back in time to review the biggest local news that arose in 2021.

The 2021 Year in Review will be published in two installments. This week we feature eight important news that occurred in the first six months of the year.

The following articles are presented in chronological order. They are not ranked in order of importance or priority.

Area school districts update COVID-19 education plans

The year started where the previous year left off, with the COVID-19 pandemic impacting all aspects of the lives of residents in the area. This included county school districts, which announced updates in early January on plans for continuing hybrid, distance or in-person teaching models.

The Carmichaels Area School District announced on January 7 its decision to continue virtual learning until January, due to the increase in the number of COVID-19 in the region, while the school district administration de Central Greene announced that students will continue distance learning until January 19 inclusive. , which had been necessitated by recommendations from the state education and health departments.

The Jefferson-Morgan School District announced that the students would return Jan. 11 in hybrid mode and be split into two groups; and the West Greene School District announced on Jan.6 that its distance learning model will be extended through Jan.15, with the hope that Kindergarten to Grade 12 students could resume in-person classes on Tuesday, 19th. January.

Commissioners designate county as Second Amendment sanctuary

Greene County commissioners announced in February that they had voted to designate the county as a Second Amendment sanctuary. The Second Amendment Sanctuary’s resolution states that the county would not recognize the application of new laws that change Second Amendment rights.

The three-member board of directors unanimously approved the measure and made the announcement public on February 4, joining their Fayette County counterparts, who passed a similar resolution in January.

The resolution affirms Greene County’s support for rights currently granted under the state and United States constitutions regarding the rights of citizens to keep and bear arms.

“This resolution does not confer any new rights or privileges,” Commissioner Mike Belding said in the announcement. “But whether you are an occasional hunter, an advocate for youth activities like the Hunting Hills Hawkeyes and school shooting teams, or an individual who exercises the right to own guns for home / self-defense.” This resolution protects your current gun ownership rights against future counterfeiting in Greene County, Pennsylvania.

Greene County Sheriff Marcus Simms and District Attorney David Russo also backed the resolution.

Renovations begin after county airport administration building burned

Renovations began at the administration building at Greene County Airport in April, a month after a March 24 fire ravaged the radio room of the control tower.

The fire was contained in the circular room with a panoramic view of the airport runway, although the smoke and water used to fight the blaze damaged other areas of the building and displaced the Airport Diner. and the office of District Judge Glenn Bates.

County commissioners approved a declaration of emergency for the building at their April 8 meeting. Officials said renovations would take some time as the county examines local codes and disability laws that have changed since the building opened in 1992, as well as whether the building’s electrical work need to be improved.

Bates and his team continue to work in an office in the county courthouse.

Private Eric Graham, the State Police Fire Marshal who investigated the blaze, said the blaze was an accident. He said the fire was caused by the “spontaneous heating” of chemical-coated cleaning rags left in the radio room, which he said were being used for storage at the time.

Ryerson’s ‘Overhaul’ Project Goes Forward

In an interview with the Messenger in April, Ryerson Station State Park Superintendent Alan Johnson said County State Park near Wind Ridge in western Greene County was continuing its “Ryerson Overhaul” plan ongoing and massive, which includes the modernization of its campgrounds and the construction of a new aquatic center.

The “Ryerson Revision” plan was announced in June 2015 after it was determined that the Duke Lake Dam, which was reportedly damaged by long-term mining nearby a decade earlier, could not be rebuilt. due to the continuous movement of the ground.

A 2013 $ 36 million settlement payment from Consol Energy, which has denied liability for damage to the dam, is being used for a host of park improvements to its campgrounds, pool, trails and trails. streams for fishing.

Johnson has said construction of the new aquatic center – which will include an improved swimming pool and spray park – is expected to be completed in the near future, and he expects “heavy use” of the facility when it officially opens to the public.

Johnson said a new parking lot with solar panels was also being installed, where the old swimming pool previously stood.

Company announces major broadband expansion plans

Kinetic by Windstream announced two projects in April to bring gigabit speeds through broadband expansion in Greene County, with one of those projects completed.

Kinetic completed its fiber optic construction project for 7,300 customer homes in Bobtown, Carmichaels, Greensboro, Jefferson, Mt. Morris and Waynesburg through a partnership with the county. Most of these customers previously had access to speeds below 25 mMbps.

Gigabit speed will not cause any slowdown or buffering when accessing the internet for work from home, virtual school, or streaming entertainment options.

The project is made possible by funding from the CARES Act provided by Greene County Commissioners and capital from Kinetic.

Officials also announced in April that additional upgrades were underway for a project to bring increased speeds to more than 1,000 customers in Brave, Graysville, Rogersville and Waynesburg, the statement said.

These two projects Kinetic announced by Windstream are in addition to a project that was completed in the summer of 2020, where more than 5,000 homes and businesses have benefited from broadband upgrades and expansion.

Authorities announce $ 100,000 in funding for Rices Landing project

The Commonwealth Funding Authority approved a $ 100,000 grant in May to be used to demolish a building in Rices Landing which officials say poses a health and safety risk.

State Representative Pam Snyder, D-Jefferson, and State Senator Camera Bartolotta, of the Township of R-Carroll, said the old bank building in Rices Landing had been vacant for many years, resulting in several breakdowns and dangerous conditions for pedestrians and traffic along Main Street.

Snyder said the CFA Blight Remediation program will be “of great help” to Rices Landing and enable the expedited removal of a hazardous building and provide “an excellent redevelopment opportunity to spur future economic growth.”

The Commonwealth Financing Authority funds a multitude of projects that help businesses and communities succeed and prosper, including those focused on development, water quality, energy infrastructure and more.

Man dies at dead end in Cumberland Township

Broken windows and smashed doors at a mobile home in Cumberland Township were already barricaded on May 26, a day after its resident kept police at bay for nearly 12 hours before dying shortly after being evicted from the House.

The standoff ended with the death of Jeffry Christopher in the back of an ambulance after soldiers dragged him from his residence at 76 Route 88 Mobile Home Park at around 9:15 a.m. on May 25. Christopher, 59, was pronounced dead at WHS-Greene Hospital around noon. same day.

According to court documents, Christopher fired two shots at officers early on May 25 after Cumberland Township police were called to his home when a family member called 911 for a welfare check mental around 10 p.m. on May 24.

Witnesses said they saw the specialized state police response team put on bulletproof vests and weapons and deploy an armored vehicle approaching Christopher’s mobile home and puncturing the walls , windows and doors when he refused to surrender.

$ 800,000 in state funding allocated to housing initiatives

Officials announced in June that Greene County had been approved to receive $ 700,000 in state grants for the purchase and clean-up of six dilapidated homes across the county and $ 100,000 in grants for the agency. nonprofit Blueprints.

The grants were made through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund, which was established in 2010 to help create, rehabilitate and support affordable housing throughout Pennsylvania.

Funding for the grants is provided by impact fees charged on natural gas drilling in the Marcellus Shale area and by the existing state property transfer tax.

Officials said the projects that received funding from the grant involve the Greene County Redevelopment Authority, which is separate from the county as its own authority, board and bylaws, but works in close collaboration with county organizations.

The $ 700,000 is for the County’s “From Burn to Shard: New Homes Where Burn Once Was There” County initiative; RACG received funding to build new homes where the plague once existed.

Officials also said that the $ 100,000 PHARE funding allocated to Blueprints, in partnership with RACG and the county, will help increase the number of low and moderate income families able to purchase quality affordable homes in the community of. their choice in the county.

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Kiva Iowa gives immigrant businesses a boost Wed, 22 Dec 2021 12:02:40 +0000

CEDAR RAPIDS – Shortly after meeting Darius and Wealee Nupolu, the couple gifted my husband and I with a set of traditional African clothing for our almost two year old son and newborn daughter.

To say that the Nupolu are generous would be an understatement. And that generosity extends to the way they run their family business here at Cedar Rapids.

Darius, Wealee, and their three children moved to Cedar Rapids in 2017. They discovered that many traditional vegetables in Liberian cuisine were not available locally, so Darius began looking for options to start his own farm.

It was the dream of a life that finally seemed achievable in a place like Cedar Rapids.

Darius was up and running once he partnered with Feed Iowa First’s equitable land access program. But he needed more funds to take the next step.

After a visit to their farm this summer, I shared more information about a newly available microcredit platform for business owners in Iowa – Kiva Iowa – that seemed to offer the perfect path for the new business. of the Nupolus.

Last month, an $ 8,000 business loan was funded through Kiva Iowa for their Emerging Farms LLC.

Kiva was established in 2005 as the world’s first personal microcredit website. Kiva loans range from $ 1,000 to $ 15,000 and have no fees or interest.

Kiva enables ordinary people to pool small loan contributions to provide financial access to entrepreneurs around the world.

These lenders are driven by social impact, so while they expect to be paid back, they are not looking to earn interest on their loans.

Kaitlyn Byers, NewBoCo

Small business owners make up our neighborhoods, our communities, all over Iowa. The relationships created between lenders and small business owners through Kiva Iowa go beyond just supporting small businesses – they become a personalized bond to ensure their long-term success.

After their success with the program, Darius and Wealee shared the Kiva Iowa opportunity with family friend Teepeu. Teepeu and her husband immigrated to the United States in 2014 during the Ebola outbreak in West Africa.

After moving to Cedar Rapids three years ago, Teepeu immersed herself in the local restaurant scene and cooked and sold meals right from her home. Many of her repeat customers have encouraged her to take this business to the next level.

Enter Tee’s Liberian dish. Teepeu’s new restaurant in Cedar Rapids serves Liberian cuisine for breakfast, lunch and dinner.

The entrees focus on rice, meats, different vegetables and a variety of sauces and sauces. Thanks to the suggestion of Darius and Wealee, Teepu is also seeking investments through Kiva Iowa.

Jollof Rice is served with chicken at Tee’s Liberian Dish in Cedar Rapids. (The Gazette)

As with many Kiva borrowers, immigrant entrepreneurs often encounter a unique set of barriers to success. Whether they are starting a technology-based business or running a local retail store, these business owners can come from cultures and countries that have different structures and policies when it comes to running and financing a business.

Kiva envisions a financially inclusive world in which everyone has the power to improve their lives, and that includes immigrant-owned businesses. Through programs like Kiva, many immigrant-owned businesses across Iowa are fueling the local economy, especially in small communities.

In fact, immigrant entrepreneurs make up over 20% of small business owners in the United States.

It is a huge risk to start your own business. But these entrepreneurs are determined to succeed, and Kiva is giving them the extra boost they need to accelerate their business growth.

Kiva’s position is at the bottom of the capital ladder. It is best suited for borrowers who are just starting out or building their credibility. In fact, in 2021, 70% of companies raising funds on the Kiva platform were under three years old.

Not only does this platform give entrepreneurs access to essential seed funding, it also gives supporters a much more accessible way to invest in their local entrepreneurial community.

Kiva is a loan, not a donation, allowing investors to recycle their money and make a personal impact in Iowa or even around the world.

Kiva Iowa’s most recent borrower is Rachael from Café on the Go. A mobile café in Iowa City. Café on the Go specializes in artisanal drinks and various pastries from local bakeries.

Rachael will use her Kiva loan to purchase new equipment, including an espresso machine, commercial grinder, and coffee maker for her trailer. She would also like to add a sign to her trailer and install retractable walls that will allow her to operate during the winter months.

In the first six months of operation, Kiva Iowa enabled seven Iowa-based companies to access seed capital.

The companies above are a direct reflection of what makes each of our Iowa communities unique. As Kiva Iowa grows over the coming year, we look forward to sharing stories of borrowers, as well as providing resources and connections to those entrepreneurs who unite our Iowa communities.

Learn more about Kiva Iowa, including how to invest in local entrepreneurs, at

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Alexandria Management Outlines Next Steps in Torpedo Factory Redesign | ALX now Mon, 20 Dec 2021 20:30:27 +0000

Alexandria rulers are sticking to the planned changes for the Torpedo Factory Art Center as they plan to build a new governance structure to plan for the art center’s future.

At a city council meeting last week, council and deputy city manager Emily Baker discussed the evolving plans for the torpedo factory and where the city should go. The art center is one of Alexandria’s most popular destinations, attracting around 500,000 visitors per year.

During the discussion, the city council expressed a general interest in moving forward with the previously approved dynamism plan, despite the backing of artists and supporters critical of the plans to reduce studio space.

As previously noted, plans for the torpedo factory could involve replacing a ground floor space with other types of artist spaces – like glassblowing – or uses like a cafe. or a restaurant. The idea is to make the location more lively and attractive to visitors, although building artists have opposed plans that could reduce the studio’s capacity in the building.

The city approved a way forward outlined in the following memo written by Mayor Justin Wilson:

I believe Council should endorse principles and ask our municipal staff to work with partners (AEDP, etc.) to come back with a plan that aligns with this approach:

  1. Create a separate public entity (e.g. Arts Community Development Authority) to consolidate the artistic real estate assets of Alexandria (Old Town North Arts Space, Torpedo Factory and beyond) with the mission of:
    • Strategically manage artistic real estate in Alexandria
    • Benefit from unique financing tools to rehabilitate, develop and perpetuate real estate assets
    • Provide a framework for the future consideration of public / private partnerships
    • Project financing and schedule for capital investments in City facilities
  2. Ensuring that the Torpedo Factory remains a world-class arts center, defining a structure within the newly created authority that:
    • Implements the approved action plan for vibrancy and sustainability, to create and maintain a high quality artistic program and visitor experience
    • Retains a place for the artists of Torpedo Factory as the installation evolves
    • Expands the scope of artistic expression included in the Art Center and throughout the neighborhood (e.g. performing arts, etc.)
    • Solicit and integrate structural changes from the city’s responsible for race and social equity in order to improve the diversity of artists
    • Retains a place for non-tenants of the Art Center (Art League and Archaeological Museum
    • Torpedo Factory brand extension: to be combined with the arts district in the north of the old town (for example, “the torpedo factory arts district”)
    • Collaborate with all stakeholders to develop a cohesive vision / mission for the torpedo factory and the connected arts district

During the meeting, city leaders expressed interest in combining the torpedo factory revitalization with the North Old Town arts and culture district, and Wilson said revitalization plans may advance on several fronts simultaneously.

“My goal is not to stand still,” Wilson said. “It’s not a month-long commitment to piece it all back together. My hope is that we continue to make progress … Recognizing that we have already endorsed the momentum plan and that we will put in place a structure that makes sense. We need to be able to do two things at the same time.

City council member Mo Seifeldein added a suggested task force made up of artists, community members, the archaeological museum and potentially city council members to consider creating a consolidated body to oversee all real estate. artistic city.

Baker noted that the major renovation of the torpedo factory won’t begin until 2026, but other changes within the building – like the redevelopment of the artists’ spaces – could happen sooner than that.

“As the studies, debates and acrimony surrounding the torpedo factory continued, the city worked to expand the amount of space in our arts community,” Mayor Justin Wilson wrote in a note. on duty. “At our request, our staff provided us with a series of alternatives to consider. While a decision to select an individual alternative is not immediately workable in its current form, the areas of general agreement from the various studies provide a set of principles that can and should be adopted by city council at this time.

The city voted to endorse the principles set out in the note.

“The torpedo factory has a long way to go in terms of – I don’t mean upgrading, but for heaven’s sake fix the toilet,” said City Council member Del Pepper. “It all looks like 1950. Let’s do some of the things that can be done.”

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People on the move 12.15.21 | Housing finance magazine Wed, 15 Dec 2021 22:34:01 +0000

Homeport appoints its President and CEO

Lea evans was appointed President and CEO of Homeport, a Columbus, Ohio-based non-profit affordable housing provider, effective January 1, 2022.

Lea evans

Evans, who most recently served as senior vice president of real estate development, succeeds first from Bruce luecke, who is retiring after six years.

“When I came to Homeport eight years ago, I wanted to do meaningful work for people. We impact people’s daily lives. We have a real and lasting impact in our communities. What we do matters, ”said Evans. Homeport is entering its 35th year of operation with 42 communities, 2,736 apartments and houses and nearly 7,000 residents. It is the largest locally based and targeted affordable housing provider in central Ohio. It is also a leading provider of homebuyer education, financial health, and down payment assistance.

Prior to joining Homeport in 2013, Evans worked for the City of Gahanna, Ohio, as Deputy Director of Planning and Development and Director of Economic Development. She also worked for the Ohio Department of Development.

Raised in Cleveland Heights, Evans, 45, holds a master’s degree in urban and regional planning from Ohio State University and a bachelor’s degree in urban geography from OSU.

She and her husband have a daughter.

Evans sits on the Columbus Women’s Commission, the Neighborhood Design Center Board of Directors, and the NeighborWorks America Real Estate Advisory Committee.

Beacon Communities announces promotion

Kristie Tafel Rizzo was promoted to Senior Vice President, Property Management, at Beacon Communities, a private real estate company that develops, acquires, invests and manages a wide variety of multi-family housing. The Boston-based company’s portfolio includes affordable, market rate and mixed income housing.

Kristie Tafel Rizzo
Kristie Tafel Rizzo

Rizzo, who was most recently Regional Vice President, rose through the ranks at Beacon during his 16-year tenure with the company. She has successfully transferred nine properties and teams to Beacon across Connecticut and New York, completed numerous construction and rental projects, and built positive relationships with owners, agencies and key parties. stakeholders. In his new role, Rizzo will oversee the Beacon portfolio in New York and Connecticut.

Fairfield Homes Appoints Director of Asset Management

Mercedes Crouthamel joined the management team of Fairfield Homes as Director of Asset Management.
She is responsible for developing the asset management strategy to maximize the value and profitability of the Fairfield Homes housing portfolio. She will lead the ongoing assessment of assets and guide the portfolio to operate at optimal financial, physical and operational levels.

Mercedes Crouthamel
Mercedes Crouthamel

With over 15 years in the affordable housing industry, Crouthamel has invaluable experience in the development of asset management reports, policies and procedures, and credit risk improvement.

Prior to joining Fairfield Homes, she worked for Huntington National Bank as Vice President of Asset Management, overseeing the Community Development portfolio. In addition, she spent 11 years with Nationwide Mutual Insurance Co., managing its historic social housing and tax credit programs. Fairfield Homes is a full-service property management company present in over 113 communities with over 4 700 units across Ohio and neighboring Midwestern states.

Fannie Mae’s ex-executive joins Cassin & Cassin

Cassin & Cassin, a law firm specializing in real estate, real estate financing and private clients, announced that Phil weber, former senior vice president of multifamily at Fannie Mae, joined the firm as an advisor.

Phil weber
Photograph by Gittings
Phil weber

Cassin & Cassin is a leading law firm representing Freddie Mac vendors and repairers and Fannie Mae delegated underwriting and maintenance lenders. In addition, the firm serves as joint legal counsel to Freddie Mac and many of its lending partners, representing owners and contractors on loan service requests.

During his nearly 20-year tenure at Fannie Mae, Weber held a number of strategic leadership positions including Director of Congress Relations, Chief of Staff to the Non-Executive Chairman of the Board, and CEO , as well as general secretary and senior vice-president of several families. Weber was most recently the CEO of Forestar Group, where he led the transformation of the natural resources and real estate company into a leading residential lot development company. In 2017, Weber led the acquisition of Forestar by DR Horton, the largest home builder in the United States.

Since the Forestar acquisition, Weber has served as a consultant to DR Horton, SouthWest Water Co., and an independent director of Horizon Bank in Texas. Prior to his tenure at Fannie Mae, Weber held various positions on Capitol Hill, including serving on the staff of then-Speaker of the House of Representatives Jim Wright and the House Rules Committee. In 1992, he was part of Clinton Gore’s US presidential transition team. Weber is a member of the District of Columbia Bar and the State Bar of Texas. He will work out of Dallas as well as the firm’s other national offices.

NixonPeabody Adds Affordable Housing Practice

Nixon Peabody Expands National Affordable Housing and Real Estate Practice with the Addition of Karla chaffee In Boston, Daniel Perlin in Chicago, and Chaundi Randolph in Washington, DC The three lawyers join the firm as counsel.

Chaffee provides advice to clients seeking zoning approvals and other development rights. His practice includes due diligence for real estate transactions prior to acquisition and financing. It assesses the environmental risk of properties and determines the necessary mitigation measures to help clients avoid potential liability. She also works with sellers, buyers and lenders to ensure a successful transaction, providing advice on local land use approvals, advice on the impact of proposed or recent land use legislation. promulgated and advice on trends in land use across the country.

Chaffee’s land use litigation practice includes handling complex federal disputes involving the Religious Land Use Act and Institutionalized Persons, the First Amendment, and the Equal Protection Clause. She also handles environmental litigation, defending claims filed under federal and state laws, such as the Comprehensive Environmental Response, Compensation and Liability Act.

She received her law degree from Vermont Law School and her BA from the University of Massachusetts.

Perlin focuses his practice on complex commercial real estate transactions and helps negotiate every step of the way. He represents both landlords and tenants on rental, development and acquisition / disposal matters, and guides clients on land use, construction, municipal, environmental, mergers and acquisitions and leaseback / restructuring across the United States.

He has extensive experience in industries such as Retail, Entertainment / Foodservice, Trade / Industry, Warehouse, Medical, Cannabis, and Office clients. He has previously worked in-house with a national retail pharmacy and a national cannabis company, as well as with a real estate investor, developer and operator.

Perlin received his law degree from DePaul University College of Law and his BA from the University of Illinois at Urbana-Champaign.

Randolph focuses his practice on affordable housing and real estate, finance and investments, and environmental and natural resources. He joins Nixon Peabody after 12 years at the Department of Housing and Urban Development, where he was the senior advocate for Public Housing Blended Programs, Section 202 for Multi-Family Seniors, and Section 811 for People with Disabilities. . In addition, he has provided advice in a variety of other areas including Choice Neighborhoods, public housing finance (investment funds and operating funds) and energy performance contracts.

He negotiated and concluded nearly 300 public housing and various other affordable housing transactions, advised agency directors on complex asset repositioning issues involving the administration of section 8 and the financing of tax credits. , advised on demonstration and program development, and helped draft laws, regulations, manuals, agency notices, funding availability notices and legal opinions.

Randolph received his LL.B. in Real Estate Development from the University of Miami Law School and his LLB and BA from Florida A&M University.

indieDwell appoints President and COO

Derek Henderson has been named President and Chief Operating Officer of indieDwell, a modular affordable housing manufacturer. Henderson will oversee a critical phase in the company’s growth as it expands the footprint of its factories in Pueblo, Colorado, Virginia and two other factories by the end of 2023.

He brings 30 years of construction and manufacturing experience, including experience in manufacturing modular steel structures. He most recently served as Vice President at Z Modular, growing operations from one employee to over 700 employees and from one factory to four factories, producing 1 million square feet of housing. Prior to Z Modular, he helped create VectorBloc technology, which is now the proprietary modular connection at the heart of the Z Modular system.

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Port Orange to choose from six multi-million dollar Riverwalk projects Tue, 14 Dec 2021 03:44:50 +0000

PORT ORANGE – For years this town has sought to develop a prime property on the Halifax River on the west side of the Dunlawton Bridge.

On Tuesday, Port Orange city council is to decide which of the six proposals will accept the 10-acre “Riverwalk” property along Ridgewood Avenue at the northwest corner of the bridge.

Proposals from potential developers range from $ 60 million to $ 95 million. All developments include apartments, commercial developments such as restaurants and shops, and parking. And five of the six proposals make it clear that they will also seek some form of financial assistance in the form of tax relief from the city.

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Whichever developer the city chooses, Port Orange will take a big step towards returning the city-owned site to tax rolls and providing a new destination site for area residents and tourists.

“The potential sale of the southern part of Riverwalk is a huge win for the people of Port Orange,” Mayor Don Burnette wrote to the News-Journal in an email. “This is the most visible segment and most of them have not been taxed for over two decades. “

Here are some details about each proposal:

1. BLD Group – Est. Budget: $ 95 million

The Florida-based LLC specializes in the development and acquisition of garden-style, mid-rise, high-rise and wrap-around projects. They are behind the development of 436 Venetian Apartments in Fort Meyers, built in 2018.

Their idea for Riverwalk includes:

  • A six-storey building with 320 multi-family units.
  • 25,000 square feet of retail space split between retail (25%), restaurants (25%) and entertainment (50%).
  • A public path to extend to Dunlawton Avenue.
  • 60 parking spaces at the main site, plus 86 parking spaces on an adjacent 0.84 acre property.

For the city’s help, BLD Group will ask for an “exemption from permit fees and recreational impact fees”.

2. Development of the Bristol – Est group. Budget: $ 80-90 million

Based in Tennessee and established in 1999, Bristol has been a leading developer on 43 projects in seven states. They’re behind the Vista Brooklyn apartment complex in Jacksonville, Florida, which cost around $ 85 million.

For Riverwalk, they are proposing a “dynamic mixed-use residential, commercial and public project”, which includes:

  • Multifamily (5 floors) – 240 rental units.
  • 5 story parking garage – 430 spaces, plus 206 surface parking spaces.
  • Retail – 18,000 SF (restaurants and incubator space).

Bristol said in its proposal that they “anticipate that public incentives will be necessary to obtain the return on cost necessary to finance the project. These incentives may take the form of direct aid, reductions in certain public costs or a sharing of the tax value. “

3. Falcone & Associés – Est. Budget: $ 60 million

The Falcone Group entered the residential construction industry in 1988. Since 2004, they have developed or acquired interests in over 20,000 multi-family apartment units, 10 million square feet of commercial space and 30,000 single-family homes. . They are behind the development of 404 Plantation Walk units in Plantation, Florida.

For Riverwalk, their proposal includes:

  • 5-storey multi-family building with 245 rental units.
  • 7,500 square feet of retail / commercial restaurant space.
  • 519 parking spaces.

The group calls on the city to “allocate satisfactory revenue from financing tax increases (TIF) and impact fee credits to offset public infrastructure costs,” which would include, but not be limited to , “The dike, the promenade, site preparation, parking, footpaths. , public streets and entry / exit improvements ”, according to the proposal.

4. Harbor Retail Partners – Est. Budget: $ 80 million

Founded in 2013, Harbor Retail Partners (“HRP”) is a real estate fund focused on the acquisition and development of commercial and multi-family properties primarily in the Southeastern United States. HRP has “developed or redeveloped 30 projects worth over $ 500 million.” In 2019, HRP converted a hotel into a 175-unit multi-family apartment building in Memphis, Tennessee.

The group wants to develop an “authentic mixed-use project that is carefully programmed to include grocery, retail, restaurant, entertainment, fitness and residential.” The proposal includes:

  • 210 multi-family units.
  • 68,000 square feet of retail / commercial space (including a 40 square foot grocery store).
  • 525 parking spaces.
  • 4000 square feet of covered patio for 2 restaurants by the water.
  • 60 boat slips (public and private).

HRP said it “intends to apply for the TIF and include all eligible infrastructure as per guidelines from the Community Redevelopment Agency (CRA) and the City of Port Orange. The partnership also has intends to take advantage of the opportunity zone and brownfields to the extent possible. “

5. Emblematic companies – No estimated budget

The Aventura, Florida-based company is a vertically integrated development company focused on new multi-family development opportunities across the country. This year, they completed their Millennium Hometown development in Texas, with 306 housing units and 11,600 square feet of retail space.

For Riverwalk, they are proposing a “state-of-the-art project that the city and its residents will see with pride” and which “will create a luxurious ambience to complement spectacular water views.” He understands:

  • 5-storey building with 320 multi-family units.
  • 20,000 square feet of retail and restaurant space.

In terms of tax refund assistance, the group’s proposal states: “Impact Fee Reimbursement or CRA Grant – $ 1.8 million; grant – $ 600,000 to be distributed over fiscal years 2022, 2023; and FY2024 Tax Increment Rebate 50% of Tax Increment for 15 years to a maximum of $ 4.5 million. “

6. The Cornerstone Group – Est. Budget: $ 65-70 million

Cornerstone Residential Management, LLC has been developing and managing “exceptional apartment communities throughout the State of Florida” for more than two decades. One of their past developments is the Oviedo on the Park: a 145,000 square foot project consisting of offices under apartments, a dining room, a beer garden, a retail business. and restaurants.

Their proposal for Riverwalk includes:

  • 250 multi-family units.
  • 15,500 square foot space for shops and restaurants on the ground floor.
  • 407 parking spaces in total.

The group did not indicate in its proposal any tax assistance.

Potential sale a “huge win” for Port Orange

Council members will rank proposals after developer presentations. According to the city, “the intention is for the city council to make a selection by the end of the council meeting.”

Burnette said the sale of the Riverwalk property “will allow us to pay down debt, return the property to the tax roll, end debt service payments out of the general fund, and fund other improvements to the property. the Community Redevelopment Agency (ARC) ”.

As of August 2021, the city’s broker, Colliers International Florida, LLC, has actively marketed the approximately 10 acres of land in the Riverwalk area, which includes other adjoining land along city-owned Ridgewood Avenue and the ‘Downtown ARC.

Assuming city council chooses to go ahead with one of the six proposals, the city will work out a purchase agreement with the chosen developer and “may tentatively come back to council and the CRA for consideration early. spring 2022 ”.

“This is a huge victory before we even realize the most exciting part, which is the potential enjoyment that will come to our citizens with any mixed-use proposal that we accept from the winning bidder,” said Burnette.

Residents can attend the Tuesday city council meeting at 6:30 p.m. at City Hall, located at 1000 City Center Circle.

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