A look into Charlotte's 'Corridors of Opportunity'

A look into Charlotte’s ‘Corridors of Opportunity’

A conversation about the creation of Charlotte’s "Corridors of Opportunity." The city of Charlotte and several partnering organizations have identified six areas in the city that have been neglected, and will direct resources to these “Corridors of Opportunity.” The Corridors of Opportunity Program is a part of the Mayor’s Racial Equity initiative and will invest more than $100 million in these areas over the next few years. We’ll learn where the corridors are, and the challenges they face. About WFAE’s series: In our series In Focus: Corridors of Opportunity, WFAE will follow initiatives by the city of Charlotte and outside groups to target resources to six areas that have long been neglected. WFAE will examine the decisions, key activities and progress throughout the next year. We’ll also take a closer look at the rich histories of these communities and the people and businesses that contribute to their resilience and vitality. GUESTS: Lisa Worf , enterprise reporter from WFAE News who is working this year on WFAE’s "In Focus: Corridors of Opportunity" Malcolm Graham , Charlotte city councilman, chair of Charlotte’s Economic Development Committee J’Tanya Adams , founder and executive director of Historic West End Partners Jose Alvarez , vice […]

SoutheastHEALTH and Mercy Deal A 'Strategic Opportunity'

SoutheastHEALTH and Mercy Deal A ‘Strategic Opportunity’

Mercy’s SVP and chief strategic ventures officer, Ajay Pathak, details how the organization’s plans to join together may impact the health systems, their patients, and their employees. At the end of January, Missouri-based nonprofit health systems Mercy and SoutheastHEALTH announced they had signed a letter of intent to "join together." If the deal succeeds, SoutheastHEALTH would join the Mercy health system as a full member, with the intent of making SoutheastHEALTH a "regional hub in southeast Missouri and the greater tri-state area it serves," the system’s president and CEO, Ken Bateman, said in a press release. "Mercy is the best strategic fit for both entities and this vision. With a proven track record in community health, Mercy fully supports strengthening access to affordable primary and specialty health care for all residents in the communities we serve," Bateman said. "We look forward to the opportunity to provide even more access to high-quality, lower-cost health care for the Cape Girardeau community," president and CEO of Mercy, Steve Mackin, said in a press release. "By joining together, we will utilize Mercy’s extensive network of resources and services to further position SoutheastHEALTH as the regional hub for industry-leading health care. We are very […]

Retail Opportunity Investments Corp. Reports 2022 Results

Retail Opportunity Investments Corp. Reports 2022 Results

SAN DIEGO, Feb. 15, 2023 (GLOBE NEWSWIRE) — Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2022. YEAR 2022 HIGHLIGHTS $51.9 million of net income attributable to common stockholders ( $0.42 per diluted share) $145.3 million in Funds From Operations (1) ( $1.10 per diluted share) 10.0% growth in Funds From Operations per diluted share (2022 vs. 2021) 4.6% increase in same-center cash net operating income (2022 vs. 2021) 98.1% portfolio lease rate at year-end (all-time record high) 1.6 million square feet leased (all-time record activity) 23.2% increase in same-space cash rents on new leases ( 7.8% increase on renewals) $120.2 million of grocery-anchored shopping center acquisitions $61.4 million of capital raised ($36.2 million disposition, $25.2 million ATM stock issuance) $23.5 million of mortgage debt retired 96.6% of portfolio’s gross leasable area unencumbered at year-end (all-time record high) Advanced environmental, social & governance initiatives 4TH QUARTER 2022 HIGHLIGHTS $10.2 million of net income attributable to common stockholders ( $0.08 per diluted share) $35.9 million in Funds From Operations ( $0.27 per diluted share) 5.0% increase in same-center cash net operating income (4Q‘22 vs. 4Q‘21) 6.6x net principal […]

Air Liquide sees historic opportunity to invest in clean energy

Air Liquide sees historic opportunity to invest in clean energy

FILE PHOTO: Air Liquide opens its North Las Vegas Hydrogen Production facility (Reuters) -Industrial gases firm Air Liquide pledged on Thursday to take advantage of an historic opportunity to invest in clean energy, helped by the U.S. Inflation Reduction Act (IRA), as it beat 2022 earnings estimates and forecast more growth this year. U.S. President Joe Biden signed the $430 billion IRA last August, promising huge incentives for companies to invest in the shift away from fossil fuels. "We have never had historically such an opportunity of investment," Air Liquide Chief Executive Francois Jackow said in a press call, adding that in recent months the investment dynamic had become stronger in the United States than in Europe. Air Liquide is one of the largest hydrogen producers in the world, and last year made almost 4 billion euros ($4.3 billion) of investment decisions, a company record. The firm, which in 2022 launched its ADVANCE plan to invest 16 billion euros by 2025, said its 12-month investment opportunities totalled 3.3 billion euros, with more than 40% linked to the energy transition. Air Liquide reported recurring operating income of 4.86 billion euros for 2022, up 16.9% year-on-year, above the 4.79 billion average […]

Is Amazon Stock A Buying Opportunity Around $100?

Is Amazon Stock A Buying Opportunity Around $100?

Written by Summary Amazon’s stock is up +16% year-to-date despite losing ~12% since releasing its Q4 earnings report in early February. In this note, we will review Amazon’s latest quarter and try to figure out if the stock is a good buying opportunity during this pullback. Spoiler Alert: I rate Amazon a "Strong Buy" at $100, with a strong preference for staggered accumulation. Read on to find out why! This idea was discussed in more depth with members of my private investing community, The Quantamental Investor. Learn More » ipuwadol/iStock via Getty Images Introduction Amazon (NASDAQ: AMZN ) and its big tech peers seem to have regained leadership of the market in 2023; however, Q4 results signal big trouble ahead for this pack as rich valuations face up against a massive growth slowdown and a vicious margin contraction. Traditionally, technology companies (not stocks) have shown secular growth, i.e., less vulnerability to economic cycles. However, unlike 2007-08, technology is now ubiquitous, and big tech giants are severely exposed to economic cycles, as evidenced by the ongoing growth slowdown and earnings recession seen in their Q3 and now Q4 reports: Q3 Y/Y Revenue Growth (%) Q4 Y/Y Revenue Growth (%) Q3 […]

Social Commerce: Mobile's New Opportunity?

Social Commerce: Mobile’s New Opportunity?

As the rise of smartphones has reshaped the ways in which consumers browse, shop, and interact with brands, it has paved the way for a new branch of e-commerce: social commerce. As the next step in the evolution of e-commerce, social commerce ostensibly makes sense: social media apps such as Instagram and TikTok draw in significant portions of the online population on a daily basis , particularly millennials and Gen Z-ers, the two generations encompassing the first digital natives. For these consumers, social media is an integral part of their daily lives, surpassing its original purpose of sharing content with friends and family to connect people to products and services they may not have found in the real world. In 2022, over 50% of millennials and Gen Z-ers listed social media channels above traditional e-commerce platforms for discovering international brands and consumers within this demographic are forecast to account for 62% of global social commerce spend by 2025. Regional differences Despite the opportunities social commerce presents, however, its success has been patchy to say the least. So far, the APAC market has proven most lucrative for the medium: retail giant Alibaba’s livestream app Taoboa, for example, experienced exponential growth […]

The global demographic shift is an opportunity

The global demographic shift is an opportunity

There is a demographic transition towards aged populations underway in the world. Adaptation strategies will require governments, businesses and common people to make key adjustments. This may usher in a great opportunity for India The search for young talent may give way to reskilling experienced employees. Company cultures will need to foster a lifelong learning mindset as working lives expand to 50 years. (Reuters) With a calming budget behind us, I want to shift focus to a megatrend that got no attention in Davos this year. CEOs at the World Economic Forum repeatedly highlighted three trends – the unfolding geopolitics; the inescapable challenge of global warming and the need for companies to strengthen their net-zero commitments; and the accelerating Artificial Intelligence (AI) revolution and its pervasive presence across businesses. The shiny new object was the potential of ChatGPT, both good and bad. All companies need to evaluate the concentration risk in the feedstock they import, test the resilience of their supply chains, analyse the investments needed for their net-zero commitments, and check the adoption of digital and data in every aspect of their business. There’s no quarrel with that. However, what was ignored was the massive demographic transition underway […]

What Is Opportunity Cost?

What Is Opportunity Cost?

Opportunity cost refers to the potential benefits that an individual, investor or business gives up when choosing one option over another. Opportunity cost refers to the potential benefits that an individual, investor or business gives up when choosing one option over another. For example, if you invest in your future career prospects by going back to college, you may not be able to work while studying, so your lost earnings over this period would be part of your opportunity cost. This must be balanced against the longer-term benefits of the decision. Understanding the value of opportunity costs can guide you in making better investing and savings decisions. Saving money now affords you new opportunities in the future It’s never too late to put some money aside in a High-Yield Savings Account. Click on your state and find out more. Open an Account Today! Understanding opportunity cost Opportunity cost applies to almost any business or personal decision, but it can be an elusive concept to grasp because it is so broad. In general, opportunity cost is the amount of money (or another resource) that you will miss out on by taking a particular course of action. However, defining that cost […]

The End of AmazonSmile Is an Opportunity for Nonprofits to Revisit Their Values

The End of AmazonSmile Is an Opportunity for Nonprofits to Revisit Their Values

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication. Christopher Hammett is a board member of Falconworks Theater Company. The Chronicle’ s Opinion section is designed to spark robust debate about all aspects of the nonprofit world. We welcome submissions that provide new insights and promote innovative thinking about leadership, fundraising, grant-making policy, and more. See details about how to submit an opinion piece or letter to the editor . Recommended Webinars for You Make It Easy for DAF Donors to Give DAFs are popular among wealthy donors, and their appeal is unlikely to wear off any time soon. On March 9, we'll explore how nonprofits make it seamless for supporters to give through these accounts.

Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice

Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice

Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice 3 Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice 4 The future of banking is the history of banking flipped on its head. The industry which used to compete based on back-office efficiencies, will increasingly compete based on front-office customer experiences going forward. Banks Face Competing Priorities In our IBM Institute for Business Value’s latest expert insight, 2023 Global Outlook for Banks and Financial Markets, we stress the significance of collaboration across business and technology teams as a means of navigating the uncertainty ahead. This style of collaboration manifests as a virtuous cycle, generating new revenue opportunities, containing costs and mitigating risks. Most importantly, these efforts must be underpinned by exponential technologies, such as AI and hybrid cloud, which are reducing operational costs, facilitating enterprise-wide agile innovation and enabling platform-based business models. This said, the financial services industry is facing significant hurdles that may hinder the realization of these benefits – most notably, the pervasive use of legacy technology. The key to overcoming these obstacles is the adoption of industry standards, a strategy which enables banks to achieve the competing goals […]