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Invent Penn State: Program helping start-up businesses take off
Sydney Gibbard, a Penn State sophomore, can still remember the poster that caught her eye and completely changed the trajectory of her “business.” Walking through her dorm lobby last year, an oversized Invent Penn State sign beckoned her with business help and a chance at a $15,000 grant. Intrigued, Gibbard decided to look into Invent Penn State — a statewide initiative to spur economic development and job creation — and what followed was the establishment of a nonprofit, a board of directors and unprecedented growth. All in one summer. As a high school junior, Gibbard and a friend had started a weeklong summer camp to inspire disadvantaged 8- to 12-year-old…
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Housing Market Trends Fuel Single-Family Home Rental Growth | Business News
By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction this year of new houses being built for rent. In the third quarter, builders broke ground on 16,000 single-family homes slated to become rentals. That’s the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of…
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Most Influential Business School Professors Of 2021
What a difference 20 years makes! Back then, AI was reserved for Sci-Fi fantasies and the sharing economy was more hippie than hipster. Consumers were receiving Netflix DVDs in the mail and realizing Amazon sold more than books and video games. And no one had migrated to the cloud or started living on their phones, either. The c-suite hyped being global and diverse, while the front lines remained mostly local and uniform. Of course, Big Data was relegated to gigabytes of information that everyone collected — and no one used. Let’s face it: If you asked people what SEO meant in 2001, they’d probably assume it was self-help lingo: Stay…
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Small businesses ‘win’ when they support one another
There is plenty of space for small businesses to win. Supporting other small businesses is important for success for small business owners. That support between entrepreneurs can come in different forms. When you think of businesses in the same space, you think competition, right? Business, no matter what kind, is often competitive. But for small businesses and entrepreneurs, mutual uplifting is vital. To that end, Amy D’Alessio devotes about an hour of her day promoting small businesses in Essex, Connecticut, where she owns a clothing store called J. Alden Women’s on Main Street that lives in a shared space with her husband’s J. Alden Clothiers. D’Alessio serves as president of the Essex…
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McKinsey identifies 24 green manufacturing business opportunities in Africa
Kenyan company ASOBO has introduced electric fishing boat engines on Lake Victoria. According to McKinsey, the assembly of electric fishing boats is a green business opportunity in Africa. McKinsey & Company highlights new business opportunities across several sectors including agriculture, biofuels, basic materials, energy, packaging and plastics, transportation, and textiles and apparel – each having substantial potential for green growth. If Africa’s manufacturing sector follows the growth trajectory of developed markets over the past decades, it will likely double in size, and without any decarbonisation efforts its emissions could nearly double as well by 2050. This would not only set the world back on its overall emissions reduction targets but…
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Is Bank or Investor Funding Right For Your Business?
Opinions expressed by Entrepreneur contributors are their own. If you’re starting a business or thinking about starting one, chances are you have thought about how much money you need to get started. You may also realize that you don’t have sufficient capital on your own to get started. So, what do you do? Fortunately, there are many ways to obtain outside funding to help you get started. Funding options usually involve one of two concepts. One is a loan (i.e., debt), in which the lender makes its money by you paying the loan back with interest over a term or a specific period of time. The other is an investment…
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