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- Penske Logistics Opens in Michigan
- Falcon Stadium Opens in Georgia
- New Tower in Northern California
- Facebook Builds Data Center in Ohio
- Hawaii Opens First Marijuana Dispensary
- District of Columbia Unemployment Rising
- Illinois County Rolls Out Soda Tax
- Shale Gas Found in New Mexico
- Ft Point Retail in Massachusetts
- Tennessee May Benefit from Joint Venture
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Posted by Staff Writer on 8/23/2017 to Business Opportunities
Penske Logistics Opens in Michigan
The Detroit Regional Aerotropolis Expands
IncSmart Michigan (Small Business and Startups) - Penske Logistics opens new distribution center in Michigan. The city of Romulus is in an area called the Detroit Regional Aerotropolis corridor. The Detroit Region Aerotropolis Development Corporation comprises seven communities around Detroit Metro and Willow Run Airports. There are 6,000 acres of land ready for development.
Posted by Staff Writer on 8/18/2017 to Sports Business
Atlanta Falcons New Stadium
First Football Game September 17
IncSmart Georgia (Small Business and Startups) - The new Mercedes Benz Stadium is readying for its August 26 grand opening. The $1.5 billion home for the Falcons, will show the city Saturday night. Lots of new high tech features. The scoreboard, which is a halo video board, is 63,800 square feet and stands 58 feet high, and 2,000 television screens located throughout the concourses. The retractable roof is still under construction. Security is also high tech. Visitors will scan digital tickets at checkpoints a nd walk through one of 140 magnetometer checkpoints.
Posted by Staff Writer on 8/16/2017 to Real Estate
New Tower in Northern California
San Francisco Billion Dollar High Rise
IncSmart California (Small Business and Startups) - The new SalesForce Tower in San Francisco is 1,170 feet tall and 60 stories high. This tower, now San Francisco's tallest building just feet lower than the new Los Angeles Wilshire Grand. SalesForce will open in the spring of 2018, in spite of people like Dianne Feinstein. The new tower is much higher than the downtown height limits she pushed for in the 1970s and the 1980s.
Posted by Staff Writer on 8/15/2017 to Tech Business
Facebook Builds Data Center in Ohio
New Albany Wins Million Dollar Facility
IncSmart Ohio (Small Business and Startups) - Facebook will invest $750 million to build a new center in New Albany Ohio. New Albany is a suburb of Columbus. The new facility will be powered renewable energy. For building the center in New Albany, Facebook will avoid paying $37 million in taxes. This includes $36.25 million in taxes on the computer equipment for the facility, and a tax abatement from the state.
Posted by Staff Writer on 8/11/2017 to Marijuana Startups
Hawaii Opens First Marijuana Dispensary
Maui Grown Therapies Receives Approval
IncSmart Hawaii (Small Business and Startups) - Hawaii has Opened its first marijuana dispensary. Maui Grown Therapies has received approval from the Hawaii Department of Health to sell medical marijuana. The dispensary sold marijuana to patients for two hours on Tuesday. Hawaii was one of the first states to legalize medical marijuana in 2000, but didn't legalize any dispensaries until 2015. The Department of Health has granted eight medical marijuana dispensaries licenses last year. Many dispensaries have already began growing medical marijuana, but they were unable to sell in dispensaries until recently. The delay was not having a certified lab to test the marijuana.
Posted by Staff Writer on 8/9/2017 to Politics and Economy
District of Columbia Unemployment Rising
Trump Fires 11,000 People
IncSmart Washington DC (Small Business and Startups) - District of Columbia unemployment rate rising. The Trump Administration has reversed the hiring trend of the previous two administrations - Obama hired 60 thousand in his first 6 months and Bush hires 37 thousand.
Posted by Staff Writer on 8/9/2017 to Federal and State Taxes
Illinois County Rolls Out Soda Tax
Federal Food Stamp Benefits are Exempt
IncSmart Illinois (Small Business and Startups) - Illinois county rolls out it's new soda tax. The penny per ounce tax on sugared beverages went into affect August 1. The tax applies to bottled sweetened beverages which includes soda, sports drinks, energy drinks, flavored water, and pre made sweetened coffee and tea with less than 50% milk content. The tax makes soft drinks sold in Chicago among the most expensive in the country, joining the cities of Philadelphia and San Francisco.
Posted by Staff Writer on 8/8/2017 to Energy Industry
Shale Gas Found in New Mexico
British Petroleum Purchases 33,000 Acres
IncSmart New Mexico (Small Business and Startups) - British Petroleum may have found shale gas in Northwest New Mexico. The discovery means the Mancos Shale, named after Mancos Colorado, could become one of America's top shale producing area The Mancos Shale is part of the San Juan Basin. the basin stretches from New Mexico and Colorado. British Petroleum purchased 33,000 acres from Devon Energy. British Petroleum plans to open a new office for the unit in Denver.
Posted by Staff Writer on 8/7/2017 to Business Opportunities
Ft Point Retail in Massachusetts
Retailers Scrambling to fill Storefronts
IncSmart Massachusetts (Small Business and Startups) - Fort Point in Boston is getting new lifeline. GE and Amazon are moving staff into their new offices. Amazon to bring 900 employees, and GE will bring 800 employees. Neighborhood foot traffic will increase substantially in 2018. Along with GE offices, GE is planning on opening a museum and a coffee shop. The demand for commercial storefronts is causing an increase in rents for tenants on this once empty neighborhood. The Boston Planning & Development Agency is also awarding five grants totaling $50,300 to groups at Ft Point for art and education that will benefit the general public.
Posted by Staff Writer on 8/4/2017 to Business Opportunities
Tennessee May Benefit from Joint Venture
Toyota and Mazda Assembly Plant
IncSmart Tennessee (Small Business and Startups) - Tennessee may benefit from a joint investment of Toyota and Mazda new assembly plant. Toyota Motor Corp and Mazda Motor Corp plan to spend $1.6 billion in a joint venture auto manufacturing plant in the US. The production capacity of 300,000 vehicles. The plant is scheduled to begin operations by 2021. Toyota will acquire 5.05 percent stake in Mazda. Mazda will acquire .25 percent stake in Toyota.
Posted by Staff Writer on 8/3/2017 to Energy Industry
Texas Pipeline from Permian Basin
Corpus Christi ports and refinery looking for boom.
IncSmart Texas (Small Business and Startups) - Permico Energia, a new energy startup company, hopes to build a $2 billion, 510 mile natural gas liquids pipeline. The energy company is based in Houston Texas and has offices in the District of Columbia. The pipeline will move oil from the Permian Basin in West Texas, to a port access facility and refinery in Corpus Christi. The company has funding commitments from South Korean investment banks and pension funds totaling $800 million.
Posted by Staff Writer on 8/2/2017 to Business Opportunities
Kansas Commercial Aerospace
India will need 2,100 New Aircraft
IncSmart Kansas (Small Business and Startups) - Boeing research shows growth for Kansas aerospace industry. India alone will need 2,100 new commercial aircraft over the next 20 years. This projects India’s 20 year demand as part of Kansas and the supply side industries effected by Boeings growth. The area is home to notable aerospace and defense OEMs, including Boeing, the Hawker Beechcraft Corporation, Bombardier Learjet, Cessna, Spirit Aerosystems, and Airbus Americas.
Posted by Staff Writer on 7/31/2017 to Marijuana Startups
Medical Marijuana District of Columbia
Senate Committee Rejects Request from Sessions
IncSmart Washington DC (Small Business and Startups) - The Senate Appropriations Committee has approved an amendment to protect a state's medical marijuana program from federal government interference. This amendment is introduced despite a written request from Attorney General Sessions that wants to crack down on marijuana use. In May, U.S. Attorney General Jeff Sessions sent a letter to Congress asking them not to extend the protections.
Posted by Staff Writer on 7/31/2017 to Business Opportunities
Amazon Warehouse in Michigan
New Fulfillment Center Under Construction in Livonia
IncSmart Michigan (Small Business and Startups) - Amazon is building a new warehouse and fulfillment center in Michigan. The new regional center is under construction in Livonia. The $90 million center is expected to open this fall. The goal is to be ready by the holiday season. The center is more than 1 million square feet, with 96 truck docks. If Amazon hires 350 new employees by December 31, the company will receive a $2.6 million performance grant from the Michigan Strategic Fund. The grant grows to $7.5 million if 1,000 employees are hired by the end of 2020.
Posted by Staff Writer on 7/28/2017 to Tech Business
Amazon Job Fair in Maryland
100,000 Full Time Workers Over the Next 18 Months
IncSmart Maryland (Small Business and Startups) - On August 2 Amazon will hold a nationwide job fair in 12 cities called the Amazon Jobs Day. They plan on hiring over 100,000 full time workers over the next 18 months. In Baltimore alone, Amazon will hire 1200 new employees. Amazon hopes to capitalize on the increasing number of jobless retail workers. The retail workers have been laid off as malls begin to close. The Baltimore facility is the former General Motors plant in Southeast Baltimore. The job fair could help cut Baltimore's high unemployment.
Posted by Staff Writer on 7/27/2017 to Business Opportunities
Utah Mattress Startup
Utah based Purple will Become First Publicly Traded Mattress Startup
IncSmart Utah (Small Business and Startups) - Utah based Purple, will become the first publicly traded mattress startup. After they complete a merger with a publicly traded investment shell company, they will have a a valuation of $1.1 billion dollars. The company Purple was a small business startup in January 2016. The shell company called GPAC went public in July 2015. They soon began looking for acquisition targets, and Purple made the growth possible.
Posted by Staff Writer on 7/27/2017 to Marijuana Startups
Pot Dispensaries in Ohio
60 Dispensaries to be Licensed
IncSmart Ohio (Small Business and Startups) - The Ohio medical marijuana program is shaping up as guides for cultivation and dispensaries. The state is required by law to have the program operational by September 2018. Ohio regulators are on track to meet the deadlines. 60 Pot Dispensaries will be licensed in Ohio. The Board of Pharmacy is one of the three state regulation agencies rolling out the program. The Board of Pharmacy said the proposed dispensary placement, depends on metro population, the patient population and access.
Posted by Staff Writer on 7/26/2017 to Real Estate
Rental Homes in Michigan
Rental Homes in Michigan
IncSmart Michigan (Small Business and Startups) - Detroit real estate investors are banking on the Trump economy. Investors from all over the world are buying up homes in Michigan. The blighted neighborhoods with low prices has made Detroit very popular with property investment. Eighty eight percent of the homes sold in Detroit are purchased by investors. This is prompting an inventory shortages in some neighborhoods in addition to the U.S. Treasury buying more than $381 million in Michigan for demolition.
Posted by Staff Writer on 7/25/2017 to Business Opportunities
Texas Reshoring Call Centers
Pressure on American Labor Markets
IncSmart Texas (Small Business and Startups) - Nationstar Mortgage, a Dallas based mortgage company, is bringing its call center operations back to the Texas. Customers have spoken and corporations are listening. They want to hear a familiar voice when they call for support. Nationstar Mortgage has more than 3 million customers with home loan mortgages. Dallas has the second largest number of call center employees in America, only outpaced by the Atlanta metro metro areas. Most call centers support ﬁnancial services and health care industries. Reshoring will come from India, Philippines, Malaysia and Thailand.
Posted by Staff Writer on 7/24/2017 to Business Opportunities
International Market Place Hawaii
Waikiki Shopping Center Goes Upscale
IncSmart Hawaii (Small Business and Startups) - The International Market Place in Waikiki is booming with business. In August, they will celebrate the first anniversary of the $475 million dollar overhaul. Many improvement have been made to the open air shopping mall. Included it the anniversary celebration, will be the unveiling of the Don Ho statue at the shopping center. His birth date is August 13. This special dedication of the first anniversary of International Market Place, will include friends and family.
Posted by Staff Writer on 7/22/2017 to Sports Business
United Soccor League for Nevada
Las Vegas Approves Soccer for Cashman Field in 2018
IncSmart Nevada (Small Business and Startups) - Las Vegas Soccer LLC introduced the United Soccer League to the City of Las Vegas. Las Vegas Soccer LLC wants a soccer team to downtown Las Vegas. The city unanimously approved the expansion team, and Las Vegas becomes the 33rd team to join the USL. This may also be a first step for Major League Soccer. There are 12 cities competing for four MLS expansion teams. Las Vegas did not try to qualify this year. The USL has more than doubled in size since 2014 with 30 teams compete in the league.
Posted by Staff Writer on 7/21/2017 to Market Sectors
Pratt & Whitney in Connecticut
8,000 GTF Engine Orders
IncSmart Connecticut (Small Business and Startups) - Pratt & Whitney of Connecticut is investing $1.3 billion in upgrading its manufacturing and centers in America to meet the demands for its new GTF Engines. This new program includes a $400 million expansion of 2 Connecticut plants. The Geared Turbofan technology already has a backlog of over 8,000 GTF engine orders. The new engine is quieter and more efficient. The geared turbofan is the future of aviation. 80% of the engine parts come from a supply chain of small and medium-size companies. The announcement was made during President Trump’s Made in America week.
Posted by Staff Writer on 7/19/2017 to Energy Industry
South Florida Requires Solar Panels
New Law Goes Into Effect on September 18
IncSmart Florida (Small Business and Startups) - Building a new house in South Miami will now require builders to install solar panels. This groundbreaking solar panel mandate is an advancement for affordable energy. New homes larger than 1,100 square feet are now requires to install solar panels. Housing includes single family homes, townhouses and multi-story residential buildings. South Miami becomes the fourth U.S. city that requires new homes to be installed with solar panels. San Francisco, Lancaster, Sebastopol, and Santa Monica have similar solar energy building laws.
Posted by Staff Writer on 7/19/2017 to Sports Business
Oregon to Tax Bikers
The Straw Man User Tax Hits the Healthy
IncSmart Oregon (Small Business and Startups) - Oregonians love to ride bikes. Portland boasts that 7.2 percent of the city's commuters ride bicycles. The highest percentage of bike commuters for an American city of this size. Oregon legislators passed a massive transportation package that includes a tax on the sale of bicycles. Beginning next year, the retail price of a bicycle over $200 will be taxed an extra $15. This tax will fund improvements for bicycle and pedestrian projects.
Posted by Staff Writer on 7/18/2017 to Sports Business
Texas Professional Cricket Team
New Cricket Stadiums Include Dallas
IncSmart Texas (Small Business and Startups) - Cricket is coming to America. Outside of India, the U.S. is the second highest viewership worldwide. Development begins with of eight stadiums being built. The first eight cities will be in Texas, California, Illinois, Georgia, Florida, Washington D.C., New Jersey and New York. The Texas stadium will be in Dallas. Locations are chosen on whether the sport is already has established. The first look was for the highest neighborhoods with Indian populations. The Dallas Cricket League already has more than 100 local sports teams.