getty In periods of economic uncertainty, business leaders look for ways to decrease costs and improve cash flow. They examine all facets of the operation for opportunities to save money and increase efficiency. Payments are an area business leaders shouldn’t overlook, especially in the context of a massive migration toward a digital-first payments approach. Surveys show people want seamless payment experiences and fast, friction-free payment options are quickly becoming a baseline expectation. As an early advocate for integrated payments, a past president of the Electronic Transactions Association and a payments professional who has spent more than two decades navigating turbulent economic times, I’ve witnessed firsthand the demand and benefits that seamless checkout processes can provide. Today, there’s no question that giving customers the experiences they want can help businesses operate more efficiently. After all, it’s in your best interest to make selling seamless; frictionless payments make purchasing easier and improve buying productivity in-store and online. Embedded payments also remove friction in the back office through automating reconciliation processes and increasing cash flow by decreasing accounts receivable. Payments are the instrument that enables commerce to be consummated, and with the right approach, embedded payments create value for buyers and sellers […]

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Buses and business on Fifth Avenue By RY RIVARD and MARIE J. FRENCH 02/13/2023 10:00 AM EST Good morning and welcome to the Monday edition of the NewYork & New Jersey Energy newsletter. We’ll take a look at the week ahead and look back on what you may have missed last week. BUSES AND BUSINESS — POLITICO’s Danielle Muoio Dunn: As one of his first major infrastructure initiatives, Mayor Eric Adams plans to reconstruct the famous Fifth Avenue shopping corridor — wading into a fiery debate that has pitted high-end retailers and transportation advocacy groups over the future of car access in the heart of the nation’s biggest metropolis. Elected leaders are eager to draw people back to the area that has seen steep declines in foot traffic since the start of the pandemic, threatening tax revenue that funds essential city services and a hospitality industry that’s a major driver of tourism and jobs. But they must weigh any changes against the street’s function as a major transportation artery for hundreds of thousands of bus riders with connections to several subway lines. The move comes three years after former Mayor Bill de Blasio first attempted to transform Fifth Avenue […]

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iStock illustration Small companies accounted for 23 percent of business conducted with the Defense Department in fiscal year 2022, but the relationship between the department and small firms is fragile, according to a recent industry report. Despite a record $159 billion — a 3 percent increase over the previous year — awarded to small businesses from the federal government in 2022, the number of small businesses receiving prime government contracts remains in steady decline, said market intelligence firm HigherGov. In 2022, 58,681 small businesses received federal contracts. That’s fewer than half the number that received contracts in 2010, despite there being more than 400,000 small businesses registered to perform contracts with the government, according to the Feb. 13 “Government Small Business Contracting Report.” Major drivers of the decreasing number of businesses receiving awards “include increased use of contract vehicles available to a limited number of firms, expanding regulations (such as cybersecurity requirements), and contract bundling that benefits larger firms and incumbents,” the report said. Furthermore, the government has put more emphasis on increasing the dollar amount of contracts, rather than the “number and diversity of small businesses winning contracts,” the report added. The average small business contractor received awards […]

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Photo: Tate & Lyle, PLC LONDON — Tate & Lyle, PLC will change to three segments: Food & Beverage Solutions, Sucralose, and Primary Products Europe with expectations that most of the growth will come in Food & Beverage Solutions, executives of the London-based company said at a Feb. 8 capital markets event. Central costs no longer will be reported separately. The company also set organic performance goals for the five fiscal years ending March 2028: annual revenue growth of 4% to 6%, annual EBITDA growth of 7% to 9%, an improvement in return on capital employed of up to 50 basis points annually on average, and $100 million of cumulative productivity benefits. Tate & Lyle has different goals for each segment. The company expects growth in the high single-digit percentages in Food & Beverage Solutions to drive the company’s revenue increases. “Food & Beverage Solutions is by far our largest business, representing 81% of revenue and over 80% of EBITDA,” said Nick Hampton, chief executive officer. “Its role is to drive growth, revenue growth and margin expansion.” Sucralose represents 12% of Tate & Lyle’s revenue and will be expected to maintain attractive returns, he said. “The role of Sucralose […]

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Here are the new business licenses from the County Clerk’s office: 2MUCH PRESSURE WASHING JAMES E STULTS, III 2501 CEDARTON CT CHATTANOOGA TN 37421 AN INSPIRED REALITY ERICKA ROBERTS 805 CANAL ST APT 436 CHATTANOOGA TN 37402 ARNEY’S CONSTRUCTION COMPANY MARTY E ARNEY 4148 EAST RIDGE DR CHATTANOOGA TN 37412 AWAKEN TRAVELS CYNTHIA A SANDEN 10773 LOOP RD SODDY DAISY TN 37379 BAKER RIDGE MACHINE CO. DEREK L WANG 3355 PRAIRIE RANGE LN APISON TN 37302 BETTY’S BLING BOUTIQUE BETTY C JACKSON 8804 QUAIL RUN DR CHATTANOOGA TN 37421 BLACK BESS BLAKE T SMITH 4914 BRADINGTON AVE HIXSON TN 37343 BLIND SPOT MILFORD E DREER 5426 WHISPER POND LN APISON TN 37302 CHATTANOOGA MMA COLLEGE BILLY L SWANSON 1948 NORTHPOINT BLVD #110 HIXSON TN 37343 CHATTANOOGA PRESSURE WASH PROS DYLAN CREECH 9136 OOLETEWAH GEORGETOWN RD OOLTEWAH TN 37363 CHRIZM COMICS CHRIS MCLEAN 9214 RAILROAD AVE PMB 1028 OOLTEWAH TN 37363 CLOUD 9 SMOKE & VAPE SAMMY T AMOR 7429 E BRAINERD RD #109 CHATTANOOGA TN 37421 CLOUDCATCH LLC DAVID JENSEN 1062 JONAS DR SODDY DAISY TN 37379 CONTINENTAL PROPERTIES MARK A SINIARD 103 JORDAN DR CHATTANOOGA TN 37421 DIGITAL TWIN SURVEY DONALD A PARROTT 2124 GOLD POINT CIR N […]

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Small businesses are popping up everywhere. Maybe it started with a great idea. Maybe it was passed down from one generation to the next. Maybe it was the right place and the right time. Whatever the reasons your client began their small business, they took an opportunity, added a large dose of hustle, and committed themselves to building a sustainable enterprise. That it’s a small business doesn’t mean that its legal and business challenges are small. Here’s where your role as a lawyer and business advisor comes in. The legal needs of an entity evolve based on its point in the business life cycle. As their lawyer, you need to anticipate what issues lie ahead for your small business clients and prepare them (and yourself) accordingly. Startup It can be an exciting and inspiring time, but the startup phase is where most neophyte enterprises fail. Start by helping small-business clients determine how they structure their business – LLC , sole proprietorship, or corporation. Each option can vary by state, and each has different ramifications in terms of taxes, decision-making, and investments. At this point in the business lifecycle, your clients may need help registering their businesses or applying for […]

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Source: Rabobank and ©GUTEKSK7 – STOCK.ADOBE.COM NEW YORK — Foodbytes, the innovation arm of Rabobank, is introducing an online connection hub for startups, investors and corporations at foodbytesworld.com. Food and agriculture startups may create a free profile to gain visibility among potential partners and funders. Benefits include the ability to showcase technology, traction, business updates and investment opportunities, as well as access to a centralized dashboard featuring industry insights and evolving capabilities. Participating startups also may be featured in Foodbytes insight reports and lists highlighting trends and industry sectors. Corporate partners and investors may subscribe to Foodbytes for access to vetted and verified startups and exclusive content. An annual subscription for up to four users is priced starting at $10,000, and early corporate adopters include Barilla, Rich Products and J.M. Huber, as well as General Mills’ 301 Inc. and Rabobank’s internal investment fund. “At its core, Foodbytes is rooted in (food and agriculture) industry expertise and startup connections,” said Stijn Rook, global head of Foodbytes. “Offered by no other bank, our startup-led data, curated insights and scalable approach will drive value for corporates, investors and startups alike.” Launched in 2015, FoodBytes has helped hundreds of startups validate and grow […]

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The Center for Health, Work & Environment continues its statewide response to workplace mental health and substance use Recovery Friendly Workplace On January 12, 2023, the Center for Health, Work & Environment (CHWE) at the Colorado School of Public Health (ColoradoSPH), along with the Colorado Consortium for Prescription Drug Abuse Prevention, concluded the first phase of its Recovery Friendly Workplace (RFW) peer learning series – a four-part virtual workshop for Colorado business leaders. Nominated participants represented a range of industries including healthcare, restaurants, hospitality, construction/utilities, local government, and education. This effort is part of the RFW Initiative led by the Center in response to the national mental health crisis and substance use epidemic. Addressing this issue in the workplace is a key strategy to support Coloradans struggling with common behavioral health conditions including substance use and addiction. Across multiple avenues, CHWE has and continues to convene executives and business leaders from across the state to be the voice of employers on this issue. Participants from the peer learning series will become the first to join the RFW Employer Workgroup. This group will represent Colorado employers who are champions for RFW policies and practices to lead the priorities in the […]

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Photo: Meta Longtime Meta executive Marne Levine will exit the company later this year, she told Axios, ending her 13-year tenure with the company. Why it matters : Levine currently oversees all advertising and business partnerships for Meta. Two longtime Meta executives, Nicola Mendelsohn and Justin Osofsky, will take over her responsibilities. Catch up quick : Levine joined Meta, then Facebook, in 2010 as the company’s first ever vice president of global policy. She came to Meta from the Obama Administration and is a longtime confidant of former Meta chief operating officer Sheryl Sandberg. Levine is credited with helping develop Meta’s strategy and positioning around key policy issues, such as data privacy, security, and content moderation. When she joined, the company had only five global policy employees, compared to hundreds today. She also served as the chief operating officer of Instagram for several years, helping to grow the app’s advertising business globally. Under her leadership, Instagram grew to over 1 billion monthly active users. Levine was named chief business officer in 2021, replacing the company’s outgoing chief revenue officer David Fischer. In that role, she oversaw a newly combined business unit that includes all of Facebook’s advertising businesses and […]

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Daphne Howland/Retail Dive Without its corporate parent to support its unprofitable operations, Bed Bath & Beyond Canada is insolvent and will wind down , according to filings with the Ontario Superior Court of Justice posted by Alvarez & Marsal Canada, a consultancy that has been appointed monitor for the proceedings. “The wind-down process must be commenced as soon as possible to maximize recoveries and limit costs by ensuring that BBB Canada can exit from all retail stores as soon as practicable and avoid further rent, employee costs, critical supplier/service provider fees, bank fees, and other ongoing amounts,” the retailer’s representatives noted in the filings. Access now➔ Bed Bath & Beyond CEO Sue Gove last week hailed a last-minute infusion of funds from a stock offering, other stock-related proceeds and a loan that could raise $1 billion and give the near-bankrupt home goods retailer some hope of recovery. But its last-ditch turnaround plan no longer includes its Canada business, according to the Canadian court filings. “After consideration of all strategic alternatives, the Bed Bath & Beyond Group has determined that it is no longer in a position to provide financial and operational support to BBB Canada,” per the filings. “BBB […]

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