Then Again: A long line of businesses helped to shape Vermont’s economy

Then Again: A long line of businesses helped to shape Vermont’s economy

Merino sheep, which produce thick, valuable wool, were a key component of the Vermont economy during the early 1800s. Vermont Historical Society William Jarvis knew what he was doing when he finagled a deal to purchase Merino sheep from Spain. He saw them as the perfect business venture and ideally suited for his hilly New England. Spain would have maintained its monopoly on the sheep breed, which produces voluminous amounts of high-quality wool, but the government needed money to fight a war with Napoleon. So in 1809 Jarvis began shipping Merinos to the United States, at great personal profit. He eventually moved with 400 of them to his farm in Weathersfield. Thus began Vermont’s great sheep craze. By 1840, Vermont’s sheep population reached 1.7 million — outnumbering the human population six-to-one. The craze finally abated in the mid-1800s when Vermont sheep farmers found they couldn’t compete with cheaper wool brought in aboard railroad cars from the Midwest and aboard ships when the United States dropped import tariffs. Sheep farming proved to be just one in a long line of industries, and sometimes single businesses, that have left their mark on Vermont. What follows is a look at some of […]

NH Business: Family-owned businesses

NH Business: Family-owned businesses

Host Fred Kocher is joined by Henry Huntington and Michelline Dufort to discuss how family-owned businesses have thrived in NH MANCHESTER, N.H. — Here in New Hampshire, around 85% of businesses in the state are family-owned. Through hard work and collaboration with other organizations, family-owned businesses in New Hampshire have been able to flourish from generation to generation. On the latest installment of NH Business, host Fred Kocher is joined by Henry Huntington, co-founder and CEO of Pleasant View Gardens in Loudon, and Michelline Dufort, director of the CEO & Family Enterprise Center at UNH, to discuss how family-owned businesses in New Hampshire have thrived in the past, and the issues they face in the future.

Washington Broadband completes fiber to the home network in Naches

Washington Broadband completes fiber to the home network in Naches

Washington Broadband’s Alex Huizar, right, looks on as Levi Brewer installs cable along Old Naches Highway on Thursday, Feb. 17, 2022 in Naches, Wash. Washington Broadband’s Alex Huizar, right, looks on as Levi Brewer installs cable along Old Naches Highway on Thursday, Feb. 17, 2022 in Naches, Wash. Naches Mayor Paul Williams, left, and Washington Broadband President Forbes Mercy discuss the installation of fiber to the home to all 393 housing units in Naches during a Wednesday morning press conference at Naches Town Hall. NACHES — Compared to the speed at which data flows into and out of homes in Naches, Cowiche and other areas, the process of extending high-speed fiber internet connections through the Upper Yakima Valley will take a while. But for Forbes Mercy and the customers served by his Yakima company, Washington Broadband , the wait was and will be worth it as ever-larger loads of internet data flow faster over the new connections. The new fiber network, recently completed to all homes in Naches, is something business and residential developers want to see as they inquire about building there, Mayor Paul Williams said during a Wednesday news conference at Naches Town Hall. “This enhances their […]

How To Use Growth Marketing To Recession-Proof Your Business

How To Use Growth Marketing To Recession-Proof Your Business

Person arranging successful financial charts on desk getty Recession. The word is enough to strike fear into business owners’ hearts. Naturally, they start looking for ways to trim any expenses they can. And those cuts could impact everyone from the CEO to front-line employees to the people companies serve. While the ultimate goal is to keep the business afloat, slashing marketing budgets isn’t always wise. A lean strategy can still include ample marketing spend on activities designed to support growth. Even in a recession, businesses can grow. It may sound counterintuitive, but historical data backs this notion up. Companies that kept spending on marketing and advertising during previous recessions outpaced the competition. In the financial crisis of 2008, businesses decreased advertising dollars by 13% across the board. Leaders who maintained their marketing spend, however, saw a 3.5 times increase in brand visibility. In tough economic times, growth marketing strategies are a way to keep reaching your audiences with maximum impact. Here’s how. Engage Consumers Via Email In a recession, shoppers aren’t going to respond to marketing messages with the same levels of enthusiasm. In an effort to be cost-conscious, most consumers will think twice about every purchase. If something […]

North County Business Briefs, Feb. 19: Free Senior Expo in Encinitas; SCORE workshops; NCAAWA women’s conference

North County Business Briefs, Feb. 19: Free Senior Expo in Encinitas; SCORE workshops; NCAAWA women’s conference

ENCINITAS Free Senior Expo takes place Saturday The Encinitas Chamber of Commerce hosts its Senior Expo, “Embracing Retirement,” from 9 a.m. to 1 p.m. Saturday at the Encinitas Community and Senior Center, 1140 Oakcrest Park Drive. The free event is open to the public and will offer information to those retiring soon, those who are retired, and families of aging individuals, all of whom might need a little help navigating retirement. Exhibitors include health care providers, housing options, senior lifestyle businesses, fitness and wellness organizations, government agencies, and financial, insurance and tax services. Activities include opportunity drawings, refreshments and a breakfast hosted by the Encinitas Rotary’s Home Team, a free community service for seniors having a difficult time with common household repairs. Visit encinitaschamber.com/seniorexpo or call (760) 753-6041. New board president for Leucadia group Brad Hanson Brad Hanson has been appointed as the new board president of the nonprofit Leucadia 101 Mainstreet Association. Hanson will serve as a liaison between Leucadia 101 Mainstreet Executive Director Brittany Corrales and the Leucadia 101 Mainstreet board of directors, oversee execution of the annual plan, assist with day-to-day activities and help manage the Leucadia 101 Farmers Market. A retired certified public accountant, he […]

Downtown Portland businesses persevere despite years of challenges

Downtown Portland businesses persevere despite years of challenges

Since the shutdown in March 2020, some have even thrived. Portland, seen from Pittock Mansion, June 8, 2021. Portland small business owners who managed to make it through the pandemic are still facing challenges — from break-ins to neighborhood changes, to stressed-out clients. Sarah Shaoul runs Bricks Need Mortar , a small business support organization. She’s been surveying businesses since the first pandemic shutdown of March 2020, and periodically ever since. She told “Think Out Loud” well over half of the more than a hundred businesses that responded to her latest survey reported that they had experienced vandalism, break-ins or both in the last 12 months. “They’ve made it through all these crazy challenges from worker shortages to supply chain issues, and this is just something completely out of their control, and it’s pretty demoralizing,” Shaoul said. “If you have to come into work, and you’re all excited about your work day, but then you’re dealing with a broken window and an insurance claim, if you’re gonna go through insurance, it really messes with your mojo, so to speak.” Peter Cho is the chef and owner of restaurants Han Oak and Toki , which he opened in 2021. He […]

Leading in omnichannel retail

Leading in omnichannel retail

Many years ago, when I was a buyer for a prominent national catalog retailer, I was fascinated by an emerging new retailing format of selling online by way of a website on the World Wide Web. I was intrigued by the potential of this new channel for serving consumers and was on the outlook for a role I could play in this new retailing concept. After some time, I was fortunate to land a role as a category manager for Walmart Online, the forebearer of what we today know as Walmart.com. When I informed my employer that I was leaving to join Walmart, our CEO invited me to his office for a meeting. He asked me why I was leaving and about my new role. After I explained my new role and the reasons for leaving, he said, “Scott, you know this whole internet thing is a ‘fad,’ right?” Fast forward to now, and I think all of us in the retailing community can say, with confidence, that e-commerce has turned out not to be a “fad” at all. However, in the following years, e-commerce retailing grew up in separate, specialized siloes, where specialists focused exclusively on growing an […]

Food business program that’s helped South Side staples is looking to train more restaurateurs

Food business program that’s helped South Side staples is looking to train more restaurateurs

Ashlee Rezin/Sun-Times Aisha Murff, owner of Haire’s Gulf Shrimp, makes fried shrimp in the restaurant at 7448 S. Vincennes Ave. in Chatham on the South Side, Friday, Feb. 17, 2023. | Ashlee Rezin/Sun-Times When Aisha Murff suddenly found herself at the helm of a well-known South Side shrimp shack, she hadn’t run a restaurant but knew she’d better learn. Murff, the Los Angeles-born daughter of an actress, became the owner of Haire’s Gulf Shrimp when her husband, Finnie Haire, died in 2021, leaving her a Greater Grand Crossing institution that was decades old and built on a recipe carried over in the Great Migration. “It is literally Black history keeping it going,” Murff said. She signed up for business courses, and the best among them for her new role was the FoodLab Chicago program from the Greater Chatham Initiative economic development group. The FoodLab program aims to grow South Side food businesses by teaching aspects of the industry that owners who got into it more for the food might overlook. Ashlee Rezin/Sun-Times Tamieka Hardy, program manager at the Greater Chatham Initiative’s FoodLab Chicago program, stands in Chatham on the South Side, Friday, Feb. 17, 2023. | Ashlee Rezin/Sun-Times The […]

ServiceNow Reports Growth as Digital Transformation Demand Continues

ServiceNow Reports Growth as Digital Transformation Demand Continues

News ServiceNow logo on a smartphone screen ServiceNow sees demand for converged IT operations and service management capabilities as enterprises focus on the tools that matter. Digital workflow vendor ServiceNow is continuing to grow even as fears of recession and inflation put pressure on IT budgets. ServiceNow reported its fourth quarter and full-year fiscal 2022 financial results on Jan. 25. For the quarter, ServiceNow’s revenue came in at $1.9 billion for a 20% year-over-year gain. Looking at the full-year picture, revenue was reported at $7.2 billion for a 23% gain over fiscal 2021. ServiceNow is perhaps best known as an IT service management (ITSM) platform vendor, though the company has expanded its portfolio in recent years to reach into IT operations management (ITOM), development, observability, and workplace management. In November 2022, ServiceNow announced a series of new capabilities including workplace scenario planning and automated service suggestions for IT operations. The Now Platform , which is ServiceNow’s flagship offering, had its Tokyo milestone update in September 2022, bringing new enterprise asset, supplier, and environmental management capabilities. The suite of capabilities that ServiceNow provides is ideally positioned to help organizations in the current economic environment, according to CEO Bill McDermott. During […]

Tacoma apartment project targeted for opportunity zone investment

Tacoma apartment project targeted for opportunity zone investment

An apartment development planned for downtown Tacoma is getting a financial boost. USG Realty Capital, a Silverdale-based opportunity zone investment company, announced Tuesday it was adding the Market Square Apartments to its Investors Choice OZ investment fund. USG is teaming up with Plus Capital Partners of Bellevue to develop the eight-story, 176-unit project. The companies expect the project to deliver in June 2024. The site is at 1546 Market St., the former site of Vashon Guitar Co. "When looking for our next qualified opportunity zone project to include in our portfolio, the Tacoma submarket stood out as an exceptional area that meets our strict standards," USG founder Greg Genovese said in a news release. "Tacoma has strong fundamentals, with an impressive occupancy rate, rent growth rate and apartment sales volume, all of which have exceeded recent averages.” USG said in the release that its $50 million offering, launched in 2021, has four projects in its portfolio, with investment equity targets ranging from $5 million to $10 million per project. The company cited Tacoma’s growth as well the project site’s access to broadband infrastructure, proximity to Interstate 705 and state Route 509, and the University of Washington Tacoma’s growing campus […]