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PLANO, TEXAS — Fourteen female founders were named to the latest Stacy’s Rise Project class, a grant and mentoring program for women-owned businesses. The program was established by Stacy’s Pita Chips, a brand owned by the Frito-Lay North America division of PepsiCo, Inc. Over the past six years, Stacy’s Pita Chips has provided more than $1 million in funding to women entrepreneurs. The winners of the latest class were selected from more than 9,000 applicants. Each will receive a $15,000 grant, mentorship and networking opportunities. Stacy’s Pita Chips partnered with Hello Alice and Women’s Enterprise Organizations of Canada to support the participants. “Stacy’s Pita Chips is a brand that believes that when one woman rises, we all rise,” said Rhasheda Boyd, vice president of marketing at Frito-Lay. “Women-owned businesses only receive 2% of venture capital funding, yet businesses founded by women have an average return on investment of two times per dollar invested. Stacy’s is investing in the futures of women-led businesses through the Stacy’s Rise Project.” The Stacy’s Rise Project Class of 2023 winners are: Dorielle Price, Hallandale Beach, Fla., co-founder of EasyPeasie, a brand of dried, ground vegetable blends for children Michelle Razavi, Los Angeles, co-founder of […]

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The owners of local restaurant and bar chain University of Beer are adding a new tiki bar concept to their business portfolio. Nate Yungvanitsait , who owns University of Beer with his wife, Melissa, said the two are planning to turn a 2,350-square-foot space at 217 G St. in downtown Davis into a themed bar called Shipwrecked Tiki Bar, which will specialize in premium rum drinks. The building, as well as an adjacent space that has since been partitioned off, was last occupied by Woodstock’s Pizza, which relocated to a new space a few hundred feet north in December. Yungvanitsait said the tiki bar will have a full liquor license and will carry an assortment of craft rums. The bar will not offer food. "This is a pet project for us," Yungvanitsait said. "We have multiple University of Beer locations and they are all the same in terms of operations. This concept will allow us to get more creative with decorations." The bar’s decorations, which will have a nautical theme, are being custom made. Yungvanitsait said they expect to have interior renovations completed and the business open by early summer. The tiki bar will be located along a stretch […]

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getty As a business owner, you likely want to get more time back in your day, but perhaps you’ve noticed that time escapes you, and you feel frustrated. If you can relate, there’s a chance your time management skills need an audit. Time management is about working smarter, not harder, and many business owners, both new and seasoned, struggle. I run a successful company while working less than 20 hours a week, and I want to share what my own process looks like to inspire you to audit your own schedule and adjust. Time freedom is possible for business owners. If you want to create time freedom in your life, you need to clarify what that “freedom” looks like. Time freedom is the ability to choose your working hours and create your own schedule. I define this concept as owning a “ lifestyle business ,” meaning that you design your business to fit your life—not the other way around. Time freedom can look like restricting your working hours to a certain number per week (e.g., 20 hours), creating a self-care routine or promoting a four-day workweek . I created a lifestyle business that allows for time freedom by focusing […]

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CEO expects spending by business clients to pick up Says component bottlenecks in China will ease Says long term drivers like hybrid working still intact Jan 24 (Reuters) – Logitech International (LOGN.S) said on Tuesday it expects the downturn in spending by business customers which hit its third quarter sales to be temporary, after the computer accessories maker reported a sharp drop in sales and profit. The maker of computer mice, keyboards and video conferencing equipment said its sales fell 22% in the three months to the end of December, confirming its preliminary results . Chief Executive Bracken Darrell said the downturn reflected the more difficult global economic situation and expected spending to pick up again. "This is temporary and will eventually come back," Darrell told Reuters in an interview. "I can’t say when, but growth will continue. "At the end of the day, this is part of the cycle. We’ve had a long strong growth cycle and now we’re in a cycle of adjustment," he said. Latest Updates The Swiss-U.S. company said consumers had also spent less during the quarter and concentrated their purchases on weeks when sales promotions took place. Darrell declined to say what he thought […]

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The Impartner Marketing Department is recognized for its marketing efforts and impact on the company’s 2022 exclusive customer event SALT LAKE CITY, Jan. 24, 2023 /PRNewswire/ — Impartner , the world’s most complete, most highly rated, and most award-winning Partner Relationship Management (PRM) provider, announced that the Impartner Marketing Department was named a Utah Business SAMY (Sales & Marketer of the Year) award winner for its marketing efforts for ImpartnerCON2022—the company’s annual customer summit which was held in October 2022 in Salt Lake City. Continue Reading The SAMY recognizes individuals and teams who’ve had a measurable impact on their company’s bottom line and are going above and beyond to share their visions with the world. Impartner Awarded the Utah Business 2023 SAMY (Sales & Marketer of the Year) Award. Tweet this Recently completing its sixth year, ImpartnerCON is one of the world’s largest vendor-led channel industry events, gathering the most influential channel leaders and industry speakers to collaborate, celebrate, and deep dive into future-forward content. Customers and cutting-edge technology come together for the future of channel. "ImpartnerCON22 had the best attendance yet, hosting up to 450 attendees and accommodating the company’s expanded customer base, prospective buyers, and newly developed […]

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Approximately three years since the blockbuster merger between Raytheon and UTC, the resulting Raytheon Technologies Corp. has decided to reorganize its four business units into three. The defense contractor (NYSE: RTX), one of the state’s largest employers , is anticipating another year of big changes, after last year moving its headquarters to Virginia to be closer to its biggest customer, the federal government. It left behind its existing Waltham office and more than 12,000 employees based in the Bay State, saying it had no immediate plans to reduce headcount here. In its quarterly earnings release Tuesday, Raytheon said it plans to realign its business units around three segments, citing a need to better align with customer needs. The goal would refigure its current four units: Collins Aerospace, based in Charlotte, North Carolina; Pratt & Whitney, based in East Hartford, Connecticut; Raytheon Intelligence & Space, based in Arlington, Virginia; and Raytheon Missiles & Defense, which is based in Tucson, Arizona. After the reorganization, the three business units would be Collins Aerospace, Pratt & Whitney and Raytheon. The plan is set to be implemented in the second half of the year. Asked whether the reorganization means folding the intelligence unit into […]

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While the carrier’s consumer business has struggled in recent quarters, Verizon’s Business segment, led by SMB growth, helped the company close out its fiscal 2022 year on a strong note. ARTICLE TITLE HERE Verizon is leaning on its strength in its core networking capabilities and its rising Business and SMB segments as it focuses on its wireless strategy and growing number of subscribers. The telecom titan’s final quarter of fiscal 2022 (ended Dec. 31) saw gains in Business mobility after Verizon struggled to win over customers — namely, consumers and enterprises — due to macroeconomic pressures throughout the year. “Network quality is the foundation of our strategy and growth … Although we have more work to do, I’m encouraged by the improvements and expect to build on the momentum in 2023,” Verizon CEO Hans Vestberg (pictured) said during the carrier’s earnings call Tuesday morning. The carrier has been taking actions to more efficiently run its business. In October it revealed the creation of the Verizon Global Services (VGS) organization, which the carrier said would streamline shared services teams to free up more capital to the tune of $2 billion to $3 billion so Verizon could further invest in its […]

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No matter what field you are interested in joining in the future, having a strong business foundation can prove valuable. Leadership, strategic thinking, problem-solving and networking skills are all learned during business summer camp, which can all be useful in a variety of different professions. High school students can take advantage of their summers by attending business summer programs. getty According to Lindsey Conger , a counselor at Moon Prep, even students interested in competitive direct medical programs (BS/MD) can benefit from gaining experience in the business field. “Some BS/MD programs allow for flexibility of major, and students can choose to study business, even if they are planning on pursuing medical school.” Many physicians, she explains, will need to manage a practice, and these types of summer programs can help a student gain a strong foundation in business. For example, during a business summer program, pre-med students can master analytical thinking and independent research, which can be used to build a successful practice in the future. For aspiring business students in high school, the secret to success can be to start early and fill their summers with hands-on activities like internships and summer programs. These types of opportunities are […]

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U.S. business openings notched an all-time high in 2022 despite the onslaught of macroeconomic challenges , according to a new report from Yelp. Over 637,000 new businesses opened their doors across the nation in 2022, up 12% from pre-pandemic 2019, according to the publisher of crowd-sourced reviews. Yelp has been tracking how COVID-19 has reshaped local economies and changed communities across the country. Its latest report shows that new business growth in 86% of states even exceeded pre-pandemic levels, especially in the South, which had the strongest growth last year. This underscores how local businesses were able to "persevere through labor shortages, high inflation, supply chain challenges " among other issues, according to Yelp’s latest data. Businesses that saw the most growth Person walks past a "now open" sign on a coffee shop window in Chelsea on Jan. 19, 2022 in New York City. The growth was driven largely by new home and local services businesses, which increased by 40% and 30%, respectively, compared to pre-pandemic times, according to the data. Hotel and travel businesses saw 28% growth while auto services grew 25% and beauty services grew 17% compared to 2019, the data showed. "Compared to pre-pandemic levels, the […]

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VP Bank AG, a Liechtenstein-based private bank and asset manager, has said that the insurance-linked securities (ILS) investment opportunity has “never been so interesting”, with the highest yields in over a decade now possible, and further revaluation gains in hurricane Ian exposed catastrophe bonds expected. All of which leads to the bank and asset manager having a particularly constructive view on the ILS investment market for 2023, with its recommendation being to overweight ILS within investor portfolios. In fact, ILS is still the single most strongly-weighted asset class that VP Bank recommends at this time, given the positive prospects for investing into the ILS asset class right now. VP Bank has been watching the catastrophe bond market closely, as it believes the chance of some additional value being recovered against cat bonds that have been marked down after hurricane Ian is high, citing the NFIP’s FloodSmart Re cat bonds in particular . Right now, the entry point into catastrophe bonds is particularly attractive anyway, purely based on the forward-potential for returns from new issuances at the much higher spreads the market is clearing at today. But, if you also take into account the fact valuations are depressed in some […]

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