American business – Priscillas Friends http://priscillasfriends.org/ Wed, 27 Oct 2021 09:28:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://priscillasfriends.org/wp-content/uploads/2021/06/cropped-icon-32x32.png American business – Priscillas Friends http://priscillasfriends.org/ 32 32 Pastries and persuasion: how a global tax deal came about https://priscillasfriends.org/pastries-and-persuasion-how-a-global-tax-deal-came-about/ https://priscillasfriends.org/pastries-and-persuasion-how-a-global-tax-deal-came-about/#respond Wed, 27 Oct 2021 09:00:25 +0000 https://priscillasfriends.org/pastries-and-persuasion-how-a-global-tax-deal-came-about/ Mr. Grinberg, a tax law professor at Georgetown University who worked in the Treasury Department under the Bush and Obama administrations, was initially viewed with skepticism by some progressive, who noted that in 2016 and 2017, he lamented the “unusually high corporate tax rate” during Congressional hearings and called for the rate to be reduced […]]]>

Mr. Grinberg, a tax law professor at Georgetown University who worked in the Treasury Department under the Bush and Obama administrations, was initially viewed with skepticism by some progressive, who noted that in 2016 and 2017, he lamented the “unusually high corporate tax rate” during Congressional hearings and called for the rate to be reduced in favor of a consumption tax.

But in early 2020, Mr Grinberg wrote in a Essay on Foreign Affairs that European taxes on digital services could open a dangerous front in the Trump administration’s tariff wars and warned that “the decomposition of the international tax order a century is likely to accelerate” without a deal. Later that year, Mr. Grinberg alerted Mr. Biden’s campaign advisers to how their international tax proposals fit in with stalled talks on a global minimum tax. After the election, he joined Mr. Biden’s transition team.

Ms Kysar, a professor at the Fordham School of Law and an expert on tax treaties, sharply criticized the Republican tax overhaul of 2017. In 2018, she told the Senate Finance Committee that the international tax provisions of the law “fundamentally botched general corporate taxation ”. Ms Kysar had collaborated on research with David Kamin, deputy director of the White House National Economic Council, who helped recruit her to join the transition team and administration.

With the Treasury Department working remotely, Mr. Grinberg and Ms. Kysar have spent months juggling Zoom meetings with officials from finance ministries around the world and responding to calls from tax directors at America’s largest corporations, who s were worried about what the deal would mean for their tax bills.

Working from their basements in Washington and Connecticut, they regularly exchanged real-time emails during negotiations, but they had never met until they went to a meeting of finance ministers. in Venice in July. At such summits they often used a divisive-to-rule approach, with Ms Kysar joining Ms Yellen in meetings with her counterparts and Mr Grinberg negotiating separately with the Irish tax authorities.

The last few months of negotiations have focused on the United States and Ireland, but with moving parts that have moved from Peru to India, which threatened to withdraw from the agreement shortly before the ‘announcement.

Ms Yellen’s approach with Ireland was to cajole more than pressure.

“While there was once this important tax benefit for Ireland, Ireland built a very strong economy with a highly educated workforce,” Ms. Yellen said. “It is an extremely attractive base for US multinationals to choose as the EU headquarters.”


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American Tobacco Campus to Undergo Massive Expansion, Introducing New Architectural and Commercial Additions to Durham https://priscillasfriends.org/american-tobacco-campus-to-undergo-massive-expansion-introducing-new-architectural-and-commercial-additions-to-durham/ https://priscillasfriends.org/american-tobacco-campus-to-undergo-massive-expansion-introducing-new-architectural-and-commercial-additions-to-durham/#respond Tue, 26 Oct 2021 00:56:00 +0000 https://priscillasfriends.org/american-tobacco-campus-to-undergo-massive-expansion-introducing-new-architectural-and-commercial-additions-to-durham/ The American Tobacco Campus in Durham is expected to receive a major upgrade over the next year. The mixed-use campus and former tobacco factory will gain 600,000-700,000 square feet of residential, office and retail space after the new project leads the way in early 2022. The former 11-acre University Ford car dealership, located next to […]]]>

The American Tobacco Campus in Durham is expected to receive a major upgrade over the next year.

The mixed-use campus and former tobacco factory will gain 600,000-700,000 square feet of residential, office and retail space after the new project leads the way in early 2022. The former 11-acre University Ford car dealership, located next to ATC, will be redeveloped as an extension of the campus and a huge commercial addition in downtown Durham.

The development is being led by Capitol Broadcasting Company, which owns ATC and the nearby sports park of Durham Bulls, Hines and USAA Real Estate.

ATC already has a wide choice of restaurants, shops, business offices and residences, as well as a hotel. The new expansion will provide new opportunities for “offices, food and beverage operators, grocery stores, entertainment venue operators and residents” and ongoing opportunities for “the vibrant public spaces that characterize the campus”, according to Mark Stanford, director of real estate. development for CBC.

Stanford wrote in an email that the project was intended to “bring a new density of shops to the city center”.

With the upcoming opening of a new campus by Google in Durham, the Triangle Business Journal reported that the company could try to rent part of the new ATC extension. But Google has not confirmed this plan, and Stanford has also declined to comment on the possibility.

The TAC website describes the proposed campus expansion as “delivered with the care and high quality associated with the three partners.”

The first phase of the project will cover eight of the 11 acres of the new property, which will be directly accessible from Highway 147 to the south and adjacent to the “burgeoning urban core of Durham with many amenities” to the north.

“Architecturally, the ATC expansion will adapt with care and imagination to the historic aspect of the original American Tobacco campus while incorporating the amenities, efficiency and innovations of new construction,” reads -on on the website.

The project will also integrate architecturally throughout the city center, playing on the ‘unique flavor of downtown Durham’. However, the materials will be unique; the first phase of the project will use T3 timber structures, a one-of-a-kind design in the Triangle.

Another site dedicated to the extension of ATC, which calls it ATC 2.0, describes Phase 1 as “T3 American Tobacco” in reference to the unique wood-based buildings that will populate the campus.

“Designed on the concepts of wood, transit and technology, T3 American Tobacco offers the warmth of aesthetic vintage wood desks, with all the perks of a newly constructed workspace,” the website reads. .

The retail options available will provide a great place to work, visit or live, the website reads, and will include “chef-run restaurants and bars, fresh groceries, couture boutiques and eateries.” ephemeral ”.


Parker Harris

Parker Harris is a Trinity junior and the local and national editor-in-chief of the 117th volume of The Chronicle.


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2021 Machine Learning (ML) Business Use Case https://priscillasfriends.org/2021-machine-learning-ml-business-use-case/ https://priscillasfriends.org/2021-machine-learning-ml-business-use-case/#respond Sun, 24 Oct 2021 18:53:57 +0000 https://priscillasfriends.org/2021-machine-learning-ml-business-use-case/ As machine learning (ML) As technology improves and use cases multiply, more and more companies are using ML to optimize their operations with data. Here are some examples from around the world of how organizations from various industries are working with vendors to implement machine learning solutions: See more : Machine Learning Market 5 machine […]]]>

As machine learning (ML) As technology improves and use cases multiply, more and more companies are using ML to optimize their operations with data.

Here are some examples from around the world of how organizations from various industries are working with vendors to implement machine learning solutions:

See more : Machine Learning Market

5 machine learning case studies

1. AES on Google Cloud AutoML Vision

AES Corporation is an electricity generation and distribution company. They produce and sell electricity used for utilities and industrial works.

They rely on Google Cloud to make renewable energy more efficient. AES uses Google AutoML Vision to examine images of wind turbine blades and analyze their maintenance needs.

“In a typical inspection, we come back with 30,000 images,” says Nicholas Osborn, member of the Global AI / ML Project Management Office at AES.

“We have created a great ML solution using the tools and platform from Google Cloud. With the AutoML Vision tool, we have trained it to detect damage. We are able to eliminate approximately half of the images that do not need to be examined by a human. “

Industry: Electricity production and distribution

Machine learning product: Google Cloud AutoML Vision

Results:

  • Reduced image review time by approximately 50%
  • Contributed to reducing the prices of renewable energies
  • More time to invest in identifying wind turbine damage and repairing it

Watch the full AES case study on Google Cloud AutoML Vision here.

2. AIMMO Enterprise on Microsoft Azure Machine Learning Studio

AIMMO Enterprise is a South Korean web platform for self-managed data labeling projects. Their services can be used for autonomous driving, robotics, smart factories and logistics.

They were able to increase work efficiency and productivity by establishing an MLOps pipeline using Azure Machine Learning Studio.

“With Azure ML, AIMMO has achieved significant savings and increased business efficiency,” said SeungHyun Kim, CTO of AIMMO.

“By leveraging the Azure ML pipeline, we were able to create the full cycle of the AIMMO MLOps workflow quickly and flexibly. “

Industry: Professional services

Machine learning product: Microsoft Azure Machine Learning Studio

Results:

  • Improved efficiency and reduced costs
  • Helped build the entire AIMMO MLOps workflow
  • Facilitates the deployment of batch interface pipelines
  • Works as an all-in-one MLOps solution to process 2D and 3D data

Read the full AIMMO case study on Microsoft Azure Machine Learning Studio here.

See more: Key Trends in Machine Learning (ML)

3. Bayer AG on AWS SageMaker

Bayer AG is a multinational pharmaceutical and life sciences company based in Germany. One of their specializations is the production of insecticides, fungicides and herbicides for agricultural purposes.

To help farmers monitor their crops, they created their Digital Yellow Trap: a Internet of Things (IoT) device that alerts farmers to pests using image recognition.

The IoT device is powered by AWS SageMaker, a fully managed service that enables developers to build, train, and deploy machine learning models at scale.

“We have been using Amazon SageMaker for quite some time and it has become one of our core services for AI development,” says Dr Alexander Roth, engineering manager at Crop Protection Innovation Lab, Bayer AG.

“AWS is constantly improving its services, so we always get new updates. “

Industry: Agriculture and Pharmaceuticals

Machine learning product: AWS SageMaker

Results:

  • 94% reduction in Bayer laboratory architecture costs
  • Can be scaled to accommodate fluctuating demand
  • Capable of handling tens of thousands of requests per second
  • Community early warning system for pests

Read the full Bayer AG case study on AWS SageMaker here.

4. American Cancer Society on Google Cloud ML Engine

The American Cancer Society is a nonprofit organization dedicated to the elimination of cancer. They operate in over 250 regional offices across the United States

They use Google Cloud ML Engine to identify new patterns in digital pathology images. The goal is to improve the accuracy of breast cancer detection and reduce the overall time to diagnosis.

“By leveraging Cloud ML Engine to analyze cancer images, we better understand the complexity of breast tumor tissue and how known risk factors lead to certain patterns,” explains Mia M. Gaudet, Scientific Director of Epidemiological Research to American Cancer. Society.

“Applying digital image analysis to human pathology may reveal new insights into the biology of breast cancer, and Google Cloud is making it easier.”

Industry: Medical and non-profit research

Machine learning product: Google Cloud ML Engine

Results:

  • Improves the speed and accuracy of image analysis by removing human limitations
  • Helps improve the quality of life and life expectancy of patients
  • Protect tissue samples by saving image data in the cloud

Read the full American Cancer Society case study on Google Cloud ML Engine here.

5. Western Australian Road Safety Commission on SAS Viya

The Western Australian Road Safety Commission is a business unit of the Police of Western Australia. He is responsible for following road accidents and making the roads safer with adequate precautions.

To carry out its “Towards Zero 2008-2020” safety strategy consisting of reducing the number of road fatalities by 40%, the road safety commission relies on machine learning, artificial intelligence (AI), and advanced analytics.

“The new model assesses intersections based on risk, not accidents,” says David Slack-Smith, data and intelligence manager at the Road Safety Commission of Western Australia.

“Taking out the variability and analyzing by risk is a fundamental change in the way we look at this problem and make recommendations to reduce the risk. “

Industry: Government and transport

Machine learning product: SAS Viya

Results:

  • 80% reduction in engineering and data visualization time
  • An estimated 25% reduction in vehicle accidents
  • Simple and efficient data sharing
  • Data flexibility with different coding languages

Read the full Road Safety Commission case study on SAS Viya here.

See more: Top Performing Artificial Intelligence Companies


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Schafer: Our supply chain problems have a simple explanation: we always buy products https://priscillasfriends.org/schafer-our-supply-chain-problems-have-a-simple-explanation-we-always-buy-products/ https://priscillasfriends.org/schafer-our-supply-chain-problems-have-a-simple-explanation-we-always-buy-products/#respond Sat, 23 Oct 2021 13:01:36 +0000 https://priscillasfriends.org/schafer-our-supply-chain-problems-have-a-simple-explanation-we-always-buy-products/ In any stories you might read about struggling supply chains, you will be assured that the reason is really complicated. The list of factors goes on and on – from shipping container shortages and train terminal bottlenecks, to manufacturing plant closures and spillover effects (whatever they are). These things really do happen and they help […]]]>

In any stories you might read about struggling supply chains, you will be assured that the reason is really complicated.

The list of factors goes on and on – from shipping container shortages and train terminal bottlenecks, to manufacturing plant closures and spillover effects (whatever they are).

These things really do happen and they help explain an empty store shelf or a ‘out of stock’ notice when shopping online, but even executives can think about it too much.

It’s not that hard. There remains a panic of low-end buyers among US consumers and the business world cannot be expected to keep pace.

It started with the COVID-19 outbreak in early 2020, when people stayed at home to curb the spread of the deadly new coronavirus. They spent their money on things to make their bubbles more comfortable, like patio furniture, exercise equipment, and home office supplies.

Sales of services, such as salon visits or air travel, have plummeted.

These behaviors, once just a reaction to the pandemic, could now mark a fundamental shift in the way Americans spend their money.

Retail sales rose again in September – by about 15.6%, excluding cars – according to the US Census Bureau. This continuing upward trend “defies expectations of a pullback amid pervasive supply chain problems,” as a CNBC article put it.

Big box stores were a trusted source of essential household items at the start of the pandemic, as evidenced by sales results from Minneapolis-based Target Corp.. By comparable sales – the best measure of apples to apples – sales increased more than 24% in the second quarter of last year.

Growth has since slowed down, but just really strong instead of stunning. During the quarter of this year that ended on July 31, the company’s comparable sales climbed nearly 9%.

And it’s not just at Target. U.S. consumer spending on goods in the second quarter of this year increased by about 18%, adjusted for inflation, compared to the last quarter of 2019, just before the pandemic. Spending on services is still declining.

At the other end of the consumer goods supply chain are China’s manufacturing hubs where the massive surge in demand has not been a universally good thing.

Scott MacDonald of Edina based Mac and Mac, Inc. represents manufacturers to retailers, including customers in China. Last week he explained to me many problems faced by Chinese managers with sales growth of 30% or more.

The costs of materials have increased a lot, on the one hand. A common plastic used in many consumer products costs around 60% more than before the boom. One of its manufacturers has 115 separate suppliers, and 92 of them have recently increased their prices.

In China, manufacturers are facing blackouts. Authorities are using power restrictions, MacDonald’s clients told him, to reduce the boom’s distorting effects on the Chinese economy as a whole.

It might then be tempting to attribute our supply chain problems to globalization. But supply chains are nothing new.

Probably 40 or 50 years ago, a manufacturer of any size outsourced the work, purchasing materials, parts, and sub-assemblies from a network of suppliers.

The principles of running an effective supply chain haven’t changed much, but the distances have certainly changed. It is a two-and-a-half to three-week journey between China and the San Pedro Bay Container Ports in Los Angeles and Long Beach. This great ocean has become a big bottleneck.

As a result, the shipping costs have soared almost out of sight.

Before the pandemic, a Chinese manufacturer reportedly paid around $ 5,600 to ship a full 40-foot-long “high cube” container from China to a customer’s loading dock here.

Now, MacDonald said, it will cost around $ 32,000.

Shipping companies give space to those who are willing to pay more. One of MacDonald’s customers had his containers removed from the ship at a port of call midway to America because another company was willing to pay more for the space.

The cost of shipping some products, an artificial Christmas tree in one case, now exceeds the price a business charges customers. This is why many retailers are raising consumer prices. A sofa made by one of Mac & Mac’s customers has gone from $ 699 to $ 799 to $ 1,199 at Menards.

Then there’s a series of cascading hassles that compounded the delays, like container ships anchored offshore for weeks with no place to dock. Or Union Pacific’s decision to no longer transport sea containers in Chicago because the railroad had nowhere to store the voids.

And of course, there was a shortage of truckers even before the pandemic.

US retailers may seem confident that they will find a way to deal with this because they really think they can, but they are unlikely to have seen anything like it before.

This situation reminds me of a story told in a now classic business book called “The Goal”, first published almost 40 years ago.

“The Goal,” written like a fictional page turner, has to be one of the strangest management books ever published.

The main character of this novel is a factory manager with problems, big and small. He has a smart friend to advise him. Yet, with his team, he really understands it for himself. A moment of clarity for the factory manager came as he led a Scout trek.

One scout, Herbie, was slow. Other children moved forward and then had to wait. The process – a chain of children, spread out along a path – had a constraint, and that was Herbie. Eventually, they figured out how to lighten Herbie’s pack and they all settled down to move efficiently at her pace.

This is the story executives might want to tell about stressed supply chains. There’s just a bunch of herbs popping up, and we know how to lighten the load or get around them.

But what would have happened to this little troop on the trail if they had had to do the whole hike and jog? It wouldn’t have been just a kid who struggled to keep up.

That’s what we have here now, one supply chain after another being forced to run instead of walking.

When asked what the long-term solution was, MacDonald hesitated for a second before answering.

“Retail prices must skyrocket,” he said. “And then the consumer stops spending.”


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Huawei is expected to dissolve, disperse, and seed China’s high-tech future https://priscillasfriends.org/huawei-is-expected-to-dissolve-disperse-and-seed-chinas-high-tech-future/ https://priscillasfriends.org/huawei-is-expected-to-dissolve-disperse-and-seed-chinas-high-tech-future/#respond Fri, 22 Oct 2021 07:52:41 +0000 https://priscillasfriends.org/huawei-is-expected-to-dissolve-disperse-and-seed-chinas-high-tech-future/ 23 October 2021 HUAWEI, A CHINESE emblematic enterprise of the breakdown of Sino-American relations, makes it a perfect business case study. Less than two years ago, the company, based in the booming southern city of Shenzhen, had not only overtaken Nokia and Ericsson, its Nordic rivals, to become the world’s leading supplier of telecommunications infrastructure. […]]]>

HUAWEI, A CHINESE emblematic enterprise of the breakdown of Sino-American relations, makes it a perfect business case study. Less than two years ago, the company, based in the booming southern city of Shenzhen, had not only overtaken Nokia and Ericsson, its Nordic rivals, to become the world’s leading supplier of telecommunications infrastructure. It had also overtaken Samsung to become the biggest seller of mobile phones. Like all good case studies, it has living characters, from its founder, Ren Zhengfei, a former army officer and engineer, to his daughter, Meng Wanzhou, who has just freed herself from a leading role in the first one. Technological Cold War prisoner exchange drama. . It is a revolutionary company. Like Sony of Japan in the 1980s, it helped change the perception of its home country from a cheap knockoff to an eye-catching innovation. And its very future may be in jeopardy. With the long arm of US law enforcement around his neck, he’s strangled by a lack of access to cutting-edge technology, such as 5g smartphone chips.

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The question is, what should Huawei do next? Should we toughen US sanctions and hope, as Victor Zhang, its global vice-president, that its research and development (R&D), a whopping $ 21.8 billion last year, can it “fertilize” a new range of business activities that will redefine its future? Or should it rather quietly separate, dispersing an army of 105,000 engineers to sow a flurry of new business? In short, should there remain a large poppy or let a hundred small flowers bloom?

It’s a safe bet that Huawei will take the first option. After all, it is a company owned by its employees with fierce self-confidence. He has a corporate culture that never says anything; its vendors are notorious for drinking anyone under the table looking for a deal. He could become a national champion of President Xi Jinping’s mission to make the country more technologically self-sufficient. And the Beijing government would hate the idea that it was fading under pressure from Uncle Sam.

The hard approach is fraught with difficulties, however. Since the US government marked the Huawei 5g threatens national security in 2019, and a year later restricted the company’s access to chips made with American equipment, its smartphone business, which in 2020 generated more than half of revenue, has collapsed. Sales have grown from more than 60 million units in the last three months of 2019 to around 15 million units in the third quarter of 2021, according to Dan Wang of Gavekal Dragenomics, a research firm. In China, its latest phones lack 5g connectivity.

Although Huawei remains the world’s largest supplier of telecommunications equipment, its sales and market share are declining as U.S. allies ban it from their 5g networks and other customers are concerned about its long-term viability. Huawei nevertheless displays a courageous face. It is in its “second start-up phase,” in Mr. Zhang’s words. Each year, she pays at least a tenth of her income into R&D (in 2020 the share reached almost 16%). This, Zhang adds, will help create new grassroots businesses. It is expanding into areas ranging from making smarter cars and helping coal mines become semi-autonomous to infrastructure for cloud computing and power regulation in markets of energy. None of these opportunities depend on advanced semiconductors.

Promoting this startup culture internally can work. But the new efforts don’t generate anything like revenues from Huawei’s smartphone and network businesses. One analyst describes the coal company as “a dying business meets a dying industry.” A better and bolder path would be to adopt the Schumpetarian credo of “creative destruction”: to let the old company die so that new ones can emerge, dispersing capital, ideas and talent.

Silicon Valley sets a striking precedent. In 1957, the “eight traitors” left the Shockley Semiconductor Laboratory to found Fairchild Semiconductor. The ‘Fairchildren’ have become the backbone of the region’s high-tech and risk-taking culture, establishing Intel, a chip giant, and dozens of other companies, including venture capital veterans like Kleiner Perkins. Huawei engineers at HiSilicon, its chip design unit, could do something similar. This could further China’s growing ambitions in the chip industry, exemplified by the October 19 unveiling by tech giant Alibaba of a new, state-of-the-art server chip.

Huawei has no plans to spin off HiSilicon, Zhang said. The company’s tactical retirement from the smartphone industry illustrates what it can and cannot do. Last year, it sold Honor, a niche smartphone brand, to give it the freedom to evade US export controls. Honor’s new phones now have access to US chips and software and services from Google, a US tech giant, which Huawei still does not have. Despite the support of the Shenzhen government, which invites questions about Honor’s entrepreneurial spirit, the industry’s reaction to the divestiture has been “really positive” both inside and out. from China, reports Ben Stanton of Canalys, a telecommunications research firm. Plus, he believes, Huawei’s top smartphone engineers have moved on to Honor, keeping the old company’s engineering and sales culture alive.

Large poppy syndrome

Unsurprisingly, Honor has also drawn the attention of hawks in US foreign policy, including Marco Rubio, a Republican senator who on October 14 called him “an arm of the Chinese Communist Party” and a foreign policy threat. and urged President Joe Biden’s administration to blacklist him. It is a reminder of how difficult it will be for any company in Huawei’s shadow to shake off such accusations, whether they are true or not. Better that its engineers move freely instead. They are likely to be more creative in small groups than in a company, especially if what Wang calls “China’s Sputnik moment” spawns a national explosion of innovation. Huawei’s liberated brain boxes could then also teach America a lesson in how instinctive technonationalism can be counterproductive.

For a more expert analysis of the biggest stories in economics, business and markets, sign up for Money Talks, our weekly newsletter.

This article appeared in the Business section of the print edition under the headline “May Hundred Flowers Bloom”


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BPC announces task force on the future of the SBA https://priscillasfriends.org/bpc-announces-task-force-on-the-future-of-the-sba/ https://priscillasfriends.org/bpc-announces-task-force-on-the-future-of-the-sba/#respond Thu, 21 Oct 2021 01:28:03 +0000 https://priscillasfriends.org/bpc-announces-task-force-on-the-future-of-the-sba/ Small businesses in all parts of the country have struggled mightily during the COVID-19 pandemic. Many only survived because of unprecedented federal government assistance deployed through the Small Business Administration (SBA). With the responsibility of distributing approximately a trillion dollars in relief, the SBA’s effort has been historic and admirable. The experience amplified strengths, but […]]]>

Small businesses in all parts of the country have struggled mightily during the COVID-19 pandemic. Many only survived because of unprecedented federal government assistance deployed through the Small Business Administration (SBA). With the responsibility of distributing approximately a trillion dollars in relief, the SBA’s effort has been historic and admirable.

The experience amplified strengths, but also revealed important areas where the agency needs enhanced capabilities. To seize this opportunity, learn from the experience of the crisis and help strengthen the agency’s role in serving small and young businesses, the Bipartisan Policy Center today announced the launch of the Future of SBA Task Force.

Through public meetings, private deliberations and in-depth consultations with small business owners, entrepreneurs and subject matter experts, the task force will develop evidence-based recommendations for Congress and the Biden administration. In particular, the working group will endeavor to inform the bipartisan re-authorization of the SBA in the near future.

“The health and economic crises of the past 18 months have demonstrated how vital small businesses and start-ups are to America’s social fabric,” said Jason Grumet, president of BPC. “The Small Business Administration is essential to maintaining this fabric. This task force seeks to build that capacity and therefore support American business owners, workers and their communities. “

“I am proud to have been the 24th Director of the US Small Business Administration and to have brought the agency into the digital age. The COVID-19 pandemic has imposed an unprecedented burden on homeowners, contractors and the SBA itself in a totally unforeseen way. The good news is that the agency has risen to the task, ”said Maria Contreras-Sweet, Board Member of BPC. “But the pandemic has also revealed serious disparities in the small business landscape that must be addressed by the SBA through wary outreach, program refinements and even more advanced technology. I look forward to working with this task force and supporting their efforts to help the agency improve its ability to serve our small and medium-sized businesses, which create two-thirds of new private sector jobs in our country.

“US small businesses are constantly evolving to meet challenges and take advantage of new opportunities,” said Olympia Snowe, board member of BPC and former senator and chair of the Small Business and Entrepreneurship Committee. “The government agency dedicated to their support must do the same and adapt its systems and programs to support this evolution. I am confident that this working group will successfully develop ideas and recommendations to enable the SBA to do so.

The Co-Chairs of the SBA Future Working Group are:

  • Pradeep Belur, former COO and Chief of Staff of the SBA
  • Anne-Marie Mehlum, former associate director for access to capital at the SBA

“The work of supporting small businesses is never done – the SBA has continually sought to meet new needs and reach more types of small businesses,” Mehlum said. “The members of this working group, which I am delighted to help chair, are committed to working with the agency and Congress to improve the way this work is done.

“The SBA is at a crucial time: its commendable performance during the COVID crisis has placed new expectations and responsibilities on the agency,” Belur said. “To achieve this, SBA needs not only increased capacity, but also modernization to allow it to operate efficiently. I am honored to help chair this task force and pursue actions that will support the agency and help the heart of the U.S. economy.

In addition to Mehlum and Belur, the members of the working group are:

  • Jessica johnson-cope, Chairman, Johnson Security Office; Co-Chair, 10,000 Small Businesses Voices National Leadership Council
  • Chris Ledesma, Senior Vice President of SBA Loans, Wells Fargo
  • Ryan metcalf, Head of US Public Policy and Global Social Impact, Funding Circle
  • Jody Milanese, Vice President of Government Affairs, National Small Business Association
  • Chris Pilkerton, Director of Legal and Regulatory Strategy, Accion Opportunity Fund
  • Tom Jolie, SBA Loans Manager, TD Bank
  • Awesta Sarkash, Director of Government Affairs, Small Business Majority
  • Chris Upperman, Team Leader and Manager of Governance Partnerships, Facebook
  • Michele Vervlied, Managing Director of State Guaranteed Loans, Customers Bank
  • Robert Villarreal, Director of External Affairs, Capital Impact Partners and CDC Small Business Finance
  • Chris Wheat, Co-Chair, JPMorgan Chase Institute
  • Dafina williams, Senior Vice President, Opportunity Finance Network

BPC is grateful to our supporters for making the task force possible: Wells Fargo, the Kauffman Foundation, Funding Circle, Biz2Credit and Customers Bank.

Learn more about the Biparty Policy Center


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Habersham Chamber Partners with LACC to Support Latin American Businesses https://priscillasfriends.org/habersham-chamber-partners-with-lacc-to-support-latin-american-businesses/ https://priscillasfriends.org/habersham-chamber-partners-with-lacc-to-support-latin-american-businesses/#respond Tue, 19 Oct 2021 18:42:05 +0000 https://priscillasfriends.org/habersham-chamber-partners-with-lacc-to-support-latin-american-businesses/ The Habersham County Chamber of Commerce and the Latin American Chamber of Commerce have partnered to help the Hispanic / Latino community in northeast Georgia find the resources they need to grow and grow their businesses . On Monday, October 18, Habersham House Speaker Mary Beth Horton and Latin American Chamber Speaker Alejandro Coss signed […]]]>

The Habersham County Chamber of Commerce and the Latin American Chamber of Commerce have partnered to help the Hispanic / Latino community in northeast Georgia find the resources they need to grow and grow their businesses .

On Monday, October 18, Habersham House Speaker Mary Beth Horton and Latin American Chamber Speaker Alejandro Coss signed a memorandum of understanding formalizing the partnership.

“We’re excited to partner with you guys,” Horton told LACC. “[We] hope that our partnership will serve as a catalyst for other chambers in the region to join this collaboration with you [the LACC] also.”

Alejandro Coss, President of the Latin American Chamber of Commerce, explains the importance of supporting the Latin American community in their business endeavors. (Hadley Cottingham / Now Habersham)

The goal of the partnership is to present opportunities to strengthen and develop Hispanic / Latino businesses in Habersham County and the Northeastern Georgia region by offering LACC-sponsored courses and resources in County of Habersham.

“This new partnership is […] which gives us the opportunity to expand our entrepreneurship programs outside of the metro area, ”said Coss. “And not just outside the metropolitan area, but in a part of the state where [there aren’t] none of these types of programs focused on the Latino community.

According to Coss, about 45 percent of Georgia’s Hispanic / Latino community lives outside of the Atlanta metro area. He says working with the Habersham County Chamber of Commerce will help the Hispanic / Latino community in northeast Georgia find the resources they need to grow their business.

“We wanted to recognize, and we recognize, the importance of the Latino community in the mountains and in North Georgia,” Coss said.

Coss wants Latin American business owners and entrepreneurs in Habersham to know that the LACC and the Habersham Chamber are here to support them in their business endeavors.

“We’re here to help, we want them to know we’re a resource,” Coss says. “We are partnering with a great organization, the Habersham Chamber of Commerce, which is right here [in their community]. The goal is for them [members of the Hispanic/Latino community] to be able to receive the help that we can give with the help of the chamber here.

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GNT Expands Activities in North America | 2021-10-18 https://priscillasfriends.org/gnt-expands-activities-in-north-america-2021-10-18/ https://priscillasfriends.org/gnt-expands-activities-in-north-america-2021-10-18/#respond Mon, 18 Oct 2021 15:38:11 +0000 https://priscillasfriends.org/gnt-expands-activities-in-north-america-2021-10-18/ MIERLO, THE NETHERLANDS – GNT Group, BV, maker of Exberry coloring foods, has announced an initial investment of $ 30 million to expand its operations in North America. The company’s new facility in North Carolina currently includes a large warehouse, with a technical and culinary experience center expected to follow in August 2022. “As a […]]]>

MIERLO, THE NETHERLANDS – GNT Group, BV, maker of Exberry coloring foods, has announced an initial investment of $ 30 million to expand its operations in North America.

The company’s new facility in North Carolina currently includes a large warehouse, with a technical and culinary experience center expected to follow in August 2022.

“As a world leader in food colors, we see continued demand for our colors as consumption of products formulated with Exberry continues to grow,” said Hendrik Hoeck, CEO of GNT Group. “Part of our strategic growth plan is a phased expansion in North America. I am happy to announce the completion of the initial phase with the commissioning of our warehouse on October 15, 2021. This will bring increased capacity, supply chain efficiency and better inventory control.

The new Technical and Culinary Experience Center scheduled to open next year will offer visitors and culinary teams the opportunity to experiment, create and innovate together, he added. Customers and teams of R&D scientists will use the center to collaborate on color matching, pilot plant testing and more.

“The planned completion of the next phase will bring good finished production even closer to our North American customers,” said Mr. Hoeck. “This will accelerate the time to market of innovation. “

GNT’s Exberry Concentrates are made from fruits, vegetables and edible plants using only gentle physical methods such as chopping, boiling and filtering. The brand offers more than 400 shades suitable for a wide range of food and beverage applications, including confectionery, dairy and bakery products, non-alcoholic and alcoholic beverages, and savory applications. GNT is headquartered in Mierlo, The Netherlands, and has a global reach with clients in 75 countries and offices in North and South America, Asia, Europe and the Middle East.


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Netcetera ACS ensures secure payments with American Express Middle East https://priscillasfriends.org/netcetera-acs-ensures-secure-payments-with-american-express-middle-east/ https://priscillasfriends.org/netcetera-acs-ensures-secure-payments-with-american-express-middle-east/#respond Sun, 17 Oct 2021 08:17:00 +0000 https://priscillasfriends.org/netcetera-acs-ensures-secure-payments-with-american-express-middle-east/ ZÜRICH – (COMMERCIAL THREAD) –Netcetera’s 3DS ACS, designed to comply with SCA, was also used by American Express, which implemented it. In combination with the use of EMV 3DS 2.22 protocol, this enables a secure and easy payment process, which has proven popular in the Middle East. The Middle East is a booming market for […]]]>

ZÜRICH – (COMMERCIAL THREAD) –Netcetera’s 3DS ACS, designed to comply with SCA, was also used by American Express, which implemented it. In combination with the use of EMV 3DS 2.22 protocol, this enables a secure and easy payment process, which has proven popular in the Middle East.

The Middle East is a booming market for payment services, with high credit card usage and stable customer base. American Express has found great success here, partnering with leading local and international businesses to provide a pleasant shopping experience. To ensure that purchases are both secure and smooth, Netcetera worked with AmEx to implement the 3D Secure 2.2 protocol in accordance with SCA. This was a leap forward from the previous version and meant offering even higher purchase security while providing a user-friendly interface.

Strong Customer Authentication (SCA), or two-party authentication, is a system that provides fraud protection when shopping online. As a result, 3-D Secure is widely implemented by many large card issuers. However, the previously used version of 3DS 1.0 resulted in cumbersome security procedures for mobile customers and lower conversion rates as a result. This is now a thing of the past for American Express with 3DS 2.2, supported by Netcetera’s Access Control Server (ACS). It uses several factors (transaction limits, whitelist) to bypass unnecessary steps and encourage simplified online shopping.

Ramy Fouda, Sales Manager at Netcetera Dubai, said: “We are delighted to be able to improve the 3DS setup and deliver great results with cutting edge technology for American Express. We pride ourselves on always offering the last payment. security solutions. ”


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US Black Chamber Prez opens up about loss of African-American businesses and a global future for the black dollar https://priscillasfriends.org/us-black-chamber-prez-opens-up-about-loss-of-african-american-businesses-and-a-global-future-for-the-black-dollar/ https://priscillasfriends.org/us-black-chamber-prez-opens-up-about-loss-of-african-american-businesses-and-a-global-future-for-the-black-dollar/#respond Sat, 16 Oct 2021 00:14:39 +0000 https://priscillasfriends.org/us-black-chamber-prez-opens-up-about-loss-of-african-american-businesses-and-a-global-future-for-the-black-dollar/ By Stacy M. Brown, NNPA Newswire Senior National Correspondent@StacyBrownMedia In the first three months of the pandemic, about 442,000 – or 41% – of black businesses closed. As COVID continues to hamper progress, the overall decline of small businesses and minority-owned businesses remains stark. Data collected from multiple studies revealed that Latinx business owners fell […]]]>

By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia

In the first three months of the pandemic, about 442,000 – or 41% – of black businesses closed.

As COVID continues to hamper progress, the overall decline of small businesses and minority-owned businesses remains stark.

Data collected from multiple studies revealed that Latinx business owners fell 32% and Asian business owners fell 26%. Meanwhile, the number of white business owners decreased by 17% .https: //servibyadbutler.com/adserve/; ID = 168170; size = 728 × 90; setID = 329915; type = iframe; click = CLICK_MACRO_PLACEHOLDER

As the current climate has exacerbated the wealth gap and exposed the unimaginable financial hardships of black businesses and other minority corporations, studies have also found that around 58% of African-American-owned businesses are at risk of struggling. financial even before the outbreak of the pandemic in February. 2020.

“There is no doubt that this has been a challenge,” said Ron Busby, president and CEO of US Black Chambers, Inc. in Northwest, Washington, DC.

“The past year has been a tough time for the majority of businesses in America with COVID, the George Floyd murder and the Stimulus Package – or lack thereof, in our community,” said Busby, who visited the new state from the – National Newspaper Publishers Association (NNPA) art television studios for an appearance on PBS-TV’s “The Chavis Chronicles”.

NNPA President and CEO Dr. Benjamin F. Chavis Jr. hosts the nationwide television program.

“When you talk to black business owners, very few have received stimulus money,” Busby continued. “We lost 41% of black businesses, and a lot of them will never reopen, and a lot of those businesses had employees, suppliers and customers.”

Such losses seriously damage the tax base in black communities, as white businesses have stepped in to replace some of the lost businesses, Busby noted.

To better understand the alarming loss of black-owned businesses, some looked at pre-pandemic statistics, which found that between 2012 and 2017, black-owned businesses with no employees in the United States increased by 19.2%.

According to BlackDemographics.com, revenue generated by black-owned businesses without employees over the same period increased from $ 46.8 billion in 2012 to $ 65.7 billion in 2017.

Overall, businesses of black-owned employers in the United States grew 13.6%, while the number of employees in these businesses increased 23.9%.

“It’s tough to start a business right off the bat, and it’s going to be tough trying to get them back,” Busby said.

He said US Black Chambers, Inc. provides leadership and advocacy in achieving economic empowerment.

The organization supports African American chambers of commerce and business organizations by helping them develop and grow black businesses.

Busby said the United States Dark Chamber is also working with the United States Chamber of Commerce by joining quarterly discussions on issues relevant to African American business owners.

“We’re also having a whole economic conversation about America,” Busby noted. “For us to have a great America, there has to be a great black America. So to have a great black America, we have to have big black companies, ”he said.

Busby also bristled at the ongoing conversation surrounding the more than $ 1 trillion of black Americans believed to have contributed to the economy.

“That’s an interesting number,” Busby thought.

“Usually, it’s American businesses that say black consumers have $ 1,000 billion. How do we market to them to make sure they get their share? The US Dark Room said, “We as black consumers have $ 1,000 billion, how do we keep that in our community to make sure our communities have sustainability? “

Born in Houston, Texas, and raised in Oakland, Calif., Busby said the Black Panthers, of which his father was a member, demonstrated a commitment to the black community that has helped him remain determined to improve. the plight of African Americans.

“I saw the impact black men have on communities, making sure we train in a positive environment,” Busby recalls.

“It has stayed with me my whole life, and I’ve been involved with fraternities and 100 black men. Then I moved to Phoenix, Arizona, where [Arizona Informant Publisher] Cloves Campbell allowed me to learn more about the NNPA and national news. Then, in 2009, I got a call to come to Washington for the US Dark Room.

Busby added that the Black Chamber is also focused on expanding worldwide.

“We think of the black dollar around the world because it is the future of black businesses,” Busby concluded.


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