While many executives and government leaders huddle with employees and talk about ramping up diversity among their contractors, it’s the ones who rigorously check the data and follow up who are doing things right, according to Boston-area nonprofit leaders, advocates and small business owners. Darrell Byers, CEO of Boston-based nonprofit Interise , says procurement practices won’t change — and nor will the region’s stark racial wealth gap — if there aren’t overhauls “from the top down, and that includes companies, state governments and city governments.” During a Thursday Interise panel and networking session at the Echelon Innovation Center, Byers painted a picture of an area where not enough companies and government leaders are fully engaged in supplier diversity — even with ample federal pandemic relief and infrastructure funds just waiting to be tapped into. “There are still mayors in this state who have this funding just sitting there doing nothing, and we tell them they can use that to grow minority businesses, and they sit there in amazement,” he said. “With the people you hire, you’re actually impacting a community, and that’s a message we’ve got to get across.” Moderated by public relations executive Colette Phillips, Byers was joined […]
2023 Equal Employment Opportunity Trends in Litigation and Enforcement
Data from 2022 portends a monumental year ahead for Equal Employment Opportunity (“EEO”) litigation and enforcement. Plaintiffs are filing class-based-employment claims in higher numbers than ever, and class actions involving EEO claims have resulted in historic settlement amounts. The EEOC has signaled it will step up enforcement efforts regarding systemic discrimination in 2023. Even the U.S. Supreme Court is focused on EEO in 2023, granting a writ of certiorari in a Title VII religious-accommodations case to be argued this year. Employers should also be mindful of expansive new state laws protecting employees who “blow the whistle,” including regarding claimed EEO violations. This article summarizes the general trends in EEO in litigation and enforcement for 2023. Class-Based Claims and Settlements Class-based-employment claims have increased in volume in recent years, by some counts comprising over 25% of all class actions. For class-based-employment-discrimination cases settled in 2022, the total of the top-ten settlements soared to nearly $600 million—an increase of nearly 100% from the previous year. 1 Nine out of the ten highest settlements involving class-based-employment claims in 2022 involved sex-bias claims, and the tenth case involved a religious-discrimination claim related to a company’s COVID-19 vaccination requirements. Furthermore, motions for class certification […]
Arrival of Aldi has Opportunity, Drawbacks
A new semester has started at Oberlin College and with it has arrived a new addition to the Oberlin community. ALDI — with its strange deposit-based shopping carts and bulk produce — has set up shop right across the road from the Walmart in Oberlin. But does Oberlin need another big-box store? The trend of big-box stores worming their way into small towns has made it increasingly difficult for local businesses to stay afloat. Their tendency toward mass production and outsourcing labor to other countries allows them to keep their prices and wages low. General merchandise big-box stores are particularly detrimental to small businesses because they carry such a wide variety of products, whereas small businesses, such as hardware stores, bakeries, and stationery suppliers, generally serve a more niche clientele. To the stereotypically overworked and underpaid American, big-box stores have become an accepted and necessary evil, despite their reputation for lower-quality products and poor labor practices. The practice of big-box stores entering small towns and driving out local businesses is a recognizable phenomenon, one so common that we have seen it become its very own rom-com genre. The plot is typically anti-corporation despite the majority of these movies being […]
Funding opportunity to develop university innovations
Innovation Catalyst Grants will support UC Santa Cruz researchers with early-stage technology innovations. The Innovation & Business Engagement Hub is now accepting applications for its new Innovation Catalyst Grant; a proof-of-concept program focused on providing targeted gap funding, training, mentorship, and support to UC Santa Cruz researchers in order to help de-risk and/or validate the implementation and adoption potential of early-stage technology innovations. The overall objective of the program is to better position innovations to move out of the University and catalyze the process leading to transformative change and societal impact. Innovation Catalyst Grants of up to $50,000 in direct costs will be available for selected projects, with a total of $100,000 available in this annual cycle. Any UCSC employee with Principal Investigator (PI) status leading an eligible project is welcome to apply. The application deadline is March 24, 2023. To learn more about the program and download the Request for Proposals, visit the Innovation Catalyst Grant website. The Innovation & Business Engagement Hub will host an online information session on February 10, 2023. To receive a Zoom login, please register here .
Editorial: Huge Toledo opportunity
Despite the 4,711 potential development properties in JobsOhio portfolio, Gov. Mike DeWine proposes the creation of an All Ohio Future Fund. The governor’s budget proposes $2.5 billion to make sure there are shovel-ready sites within easy commuting distance of all Ohioans. That means property prepared for economic development with roads, water, gas, electricity, and broadband connections. “Since the Intel announcement Ohioans outside central Ohio have been asking how about us,” Mr. DeWine said during his State of the State address Tuesday. Read more Blade editorials Mr. DeWine says the disparity of results between metro-Columbus and the rest of Ohio is driven by the availability of primed and ready land. The governor says the All Ohio Future Fund will change that and pay dividends through economic growth for many years to come. While the evidence suggests there is no shortage of available development sites in Ohio, there are many reasons to support the AOFF which the governor did not mention. The era of globalization has ended. Capital investments that have shifted to low-cost foreign manufacturing locations like China for the past 40 years are coming back to America because of the Beijing’s support for Russia’s invasion of Ukraine and threat […]
Great Spaces: A ‘Golden’ Opportunity on Florida’s Intracoastal Waterway
We travel to sunny Boca Raton to check out a waterfront oasis designed for the entertainer at heart. Property Highlights: Location: Boca Raton, Florida Listing Price: $41.5 million Features: 0.82-acre estate with eight bedrooms and nine bathrooms. Added Appeal: Outdoor amenities including a pool, hot tub, cabana, multiple patios and a boat lift plus a guesthouse connected by a breezeway. Florida’s Gold Coast has always been synonymous with “golden” real estate opportunities on account of its sprawling beaches and exciting social landscape. Recently hitting the market in Boca Raton is an estate worthy of such commendations—a waterfront oasis with all the bells and whistles you might expect in a lush resort. The Carpenter Estate, at 2408 E Maya Palm Drive, boasts 261 feet of frontage on the Intracoastal Waterway and is the most expensive home listed for sale in the city. Built in 1964, the home was owned by civic activist and philanthropist Patti Carpenter and her husband, William, a stock market and real estate investor, up until 2022. The Hamptons farmhouse-inspired home, which spans just under 10,000 square feet, is a naturalist architectural beauty. Its interior decor is a pristine-white pelagic concept with ceilings stretching roughly 12 feet […]
Hayward Open For Business
“Hayward Open for Business” is a new video series that highlights the resilience and diversity of our small business community. Through the COVID-19 pandemic, these entrepreneurs endured unprecedented economic disruptions. Closures of non-essential businesses, prohibitions on indoor dining and rapidly changing consumer spending patterns beginning in March 2020 led to over 450 Hayward businesses closing permanently or temporarily by the end of 2021. Today, the new normal is setting in and many of these businesses are reopening and bouncing back. To thrive again, they need your support. Business owners have asked the City of Hayward Economic Division to help jumpstart their economic recovery by encouraging customers to return to shopping and dining locally. Using the federal American Rescue Plan Act funding, this City has partnered with Cal State East Bay’s College of Business & Economics to produce a series of promotional videos to featuring small businesses. The university’s Master of Business Administration (MBA) program students are filming and producing 10 episodes that spotlight Hayward businesses new and old. Subscribe to the City’s social media channels or check this page as videos are released each month. Join us and learn about these small businesses’ stories of perseverance, the unique goods […]
The Capital One Venture X Business Card is coming soon, and it looks very similar to the bank’s popular premium credit card
Insider’s experts choose the best products and services to help make smart decisions with your money ( here’s how ). In some cases, we receive a commission from our partners , however, our opinions are our own. Terms apply to offers listed on this page. The rebranded Capital One Venture X Business card will be available through Capital One Relationship Managers. Capital One will soon introduce the new Capital One Venture X Business Card . This card is a rebrand of the Capital One Spark Travel Elite card, which was only available through Capital One Relationship Managers. It’s very similar to the personal Capital One Venture X Rewards Credit Card, except it’s a charge card, not a credit card. Read Insider’s guide to the best small-business credit cards . Get the latest tips you need to manage your money — delivered to you biweekly. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Last year, Capital One quietly […]
Click here to view original web page at www.businessinsider.com
Despite COVID testing crash and stagnant base business, BD brightens 2023 outlook
Amid the standard roll call of earnings sheets released in recent weeks, nearly every diagnostics developer marked present has reported a severe drop-off in COVID-19 test sales for the fourth quarter of calendar year 2022. That includes Siemens Healthineers , Abbott , Thermo Fisher and, most recently, BD, which hopped on the bandwagon Thursday by reporting a nearly 83% drop in its COVID-related revenues for the period—stylized as the first quarter of its fiscal 2023. That segment brought in a relatively measly $32 million for the quarter, barely one-sixth of the $185 million it earned for the same three months the year prior. And while BD was expecting COVID test sales to dry up throughout the year, it seemingly didn’t think the drought would hit so soon. In its first-quarter earnings report (PDF) Thursday, the company was forced to slash its full-year forecast for those sales in half: Though it kicked off the year expecting COVID-only diagnostics to rake in between $125 million and $175 million throughout 2023—which would already have represented only a quarter of 2022’s $511 million take—that guidance has now been lowered to somewhere between $50 million and $100 million. As was to be expected, the […]
Click here to view original web page at www.fiercebiotech.com
Leaked Amazon memo shows it only wants to hire students and new grads for entry-level software roles
Do you have layers and layers of bosses, reader? I’m Diamond Naga Siu, and long chains of command are pretty common at tech companies. But middle managers could be the latest layoff target in tech, especially after Mark Zuckerberg’s latest reported comments . After so many people were cut, those middle managers now have fewer workers to oversee. This makes them a natural next layoff target . I honestly feel bad for middle managers. As the name implies, they’re stuck in the middle, neither worker nor upper-management. And they need to try keeping everyone happy (meanwhile, a study even found that they’re more likely to be anxious and depressed ). Yikes. But if Zuck is on point, far fewer people could hold these precarious roles — at least at Meta. Anyways, I’m just a worker trying to share 10 interesting stories a day. So let’s dive into some tech. If this was forwarded to you, sign up here . Download Insider’s app here. 1. Leaked Amazon memo reveals new hiring strategy. The e-commerce giant is only hiring students and new grads for entry-level software positions, per an internal note reviewed by Insider. The change took effect January 25, 2023. […]
Click here to view original web page at www.businessinsider.com