Cirex Views & News Commercial Real Estate Insights
by Ralph Kamps
cirexnews.com
Facebook opens small business pop-ups in nine Macy’s stores
Facebook is bringing around 100 digital-native brands and small businesses that have found success on the social network and Instagram to physical retail locations. It`s opening pop-ups at nine Macy`s stores as the holiday shopping season gets underway.
The Facebook Small Business Pop-ups opened Monday in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, and they will be available until early February. The brands featured at the pop-ups include Love Your Melon, an apparel brand that`s helping the fight against pediatric cancer; Charleston Gourmet Burger Company, which sells a burger marinade; and Two Blind Brothers, a clothing company that donates all of its profits to research for a blindness cure.
RSK: One of the stanchions of internet-based marketing going brick n mortar? Yes!
Breathing new life into Madison’s most distressed areas
Private investment into economically disadvantaged “Opportunity Zones” could be the key to new growth in Greater Madison.
Thanks to a new economic development tool created under the 2017 Tax Cuts and Jobs Act, Greater Madison could soon see some changes to some of the region’s most economically challenged areas.
The Opportunity Zones program is designed to spur private investment in distressed communities by allowing private investment through tax incentives that are designed to accelerate economic growth and job creation.
In March 2018, 120 areas of Wisconsin were deemed eligible for the program based in part on the number of low-income households in each area, including 11 in Dane County.
RSK: Great article by In Business Mag on this subject…definitely worth the read.
Digital meets physical in the retail experience of the future
The future of retail isn’t robots, lasers and holograms — it’s experiences, service and speed, all powered by subtle technologies that the customer barely sees. With a background that includes innovations like the interactive mirrors found at Re- becca Minkoff and Ralph Lauren, ZIVELO CEO Healey Cypher is helping create the behind-the-scenes tech that brings the best of the online world into physical retail…
RSK: Brick n mortar retail and on-line shopping keep morphing…love it. Not quite there yet, however.
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December2018 53
Wisconsin Development News
by KEN HARWOOD
wisconsindevelopment.com
Mayor Paul Soglin says rejection of payment to developer could delay Judge Doyle Square
If the Madison City Council sticks by its refusal to pay $600,000 to a developer to resolve a legal dispute over the massive Judge Doyle Square project, it could set the project back by three to five years, Mayor Paul Soglin said Wednesday.
The council is risking litigation, costs and delays by rejecting for a second time Tuesday an amended development agreement for the $186 million project with Beitler Real Estate Services of Chicago, Soglin said.
The payment stems from a lawsuit Beitler filed against the city and then with- drew over the Downtown development. Last month, the council voted 10-8 in favor of the payment, but it failed to reach the 11 votes needed to pass...
Ken Notes: I applaud the compromise and strongly suggest we listen to the Mayor and lawyers here. Using this as a political chip should and will backfire and in the end I promise Beitler will get paid - one way or another... Maybe we should hire an independent law/development firm to place all our potential outcomes on the table because I truly believe the best option is in front of us now...
Appleton program for veteran businesses gets grant
APPLETON — Veteran business development programs in Appleton are one of six receiving $400,000 in grants from the state.
Fox Valley Technical College Foundation Inc. was awarded $94,708 for programs designed to help veterans start or expand their own business. The money will be used for entrepreneurial training and support, mentoring, networking opportunities, and help with accounting and legal fees.
About 11 percent of businesses in Wisconsin are veteran-owned and account for about $20 billion in annual sales, according to the state...
Ken Notes: I am pro vet! but shouldn`t we help anyone wanting to start a business in Wisconsin. Every Tech campus and UW campus should have an entrepreneurial center that serves as a co-working space, offering mentor- ing and networking opportunities. Free to students and recent grads, low cost for others.
KEN HARWOOD The Future Wisconsin Project and Wisconsin Development News P.O. Box 930234 Verona, WI 53593-0234 Phone (608) 334-2174
ken@wisconsindevelopment.com
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