Connecticut’s Venture Capital Sector is Emerging

The economic collapse of 2008 has taken its toll on Connecticut’s businesses. As a result, lawmakers had to scramble in an effort to save jobs. The issue for these businesses was not that they were going out of business, but Connecticut was not the most affordable place to do business. Since it was a struggle to keep the larger corporations, legislators turned to growing small and medium sized businesses.

In an effort to help these small businesses, three new funds with a total of 130 million dollars available were created. This is an excellent opportunity for the state, since small startups lacked the funding they needed in the past.

This new capital being offered, has also led to strong growth in a new business sector. Connecticut is now developing a strong bioscience industry. Typically, insurance companies were the state’s only major industry, but adding a second one could make a world of difference.

Along with the in state funding, Connecticut is also seeing an increase from investors out of state. When you go from 2009 to 2010 you would see that there was a 43 percent increase of funding from investors. While some of this comes from in state, the majority is from out of state. And this means there is confidence in the potential growth of Connecticut’s economy.

Additionally, the goal of Connecticut is to get more money out of in state investors. Ryan Brennan of Advantage Capital said that the fund is the first investment in Connecticut made by his firm. Despite being fourth in the nation for capital investment, they are ranked fourteenth in the total amount of money invested in Connecticut. This shows that there is money in the state, but it’s still being invested elsewhere. But if this money were invested in the state, there would be an even stronger potential for growth.

The result of this newfound funding, will be a reduction in the gap between who is investing and where. If Connecticut can continue to increase its venture capitalism, and grow new companies and industries from it, the results would be fantastic. And with the help of a growing economy, Connecticut might be able to turn the state around.

The Power Behind Turkey in The Energy Sector

What many people are unfamiliar with is the large energy sector in Turkey’s economy. One of the main companies behind it is the Habboush Group and its CEO Wadie Habboush. They are excited about Turkey’s future because they absolutely believe that the energy sector in Turkey and its neighbors, including Iraq, could be one of the fastest growing emerging markets in the world over the next five years. This positive outlook is in spite of the fact that presently the region is in a period of global recession. Even though the economies of the region are reacting sluggishly, the affirmative outlook of the Habboush Group and others for the future is based on the fact that Turkey has been the fastest growing economy in the region for two out of the last three years. In Addition to those facts, the energy sectors in Turkey are where everyone is seeing positive economic movement happening. Because of this, it is Wadie Habboush and the Habboush Groups opinion that the energy sector is not just the most important sector for the growth of the Turkish economy but that it is the most important sector for economic growth of that entire region of the middle east.

Wadie Habboush has been working in this region for decades and is experienced in operating and maintaining massive energy and infrastructure projects. In addition to these assets, he is also focusing on the development and management of other energy-related projects to their completion. In Turkey, the Habboush Group has become involved in developing power generation plants in addition to similar projects in Southern Iraq. Because of the group’s commitment to energy production and distribution, it is clear that The Habboush Group, Turkey, and Southern Iraq can play a cooperative role in moving the region forward by forging an economic link while sharing strategies and cross-border resources. The Habboush Group also believes strongly in the Turkish economy as well as Iraq’s economy. This is an obvious conclusion if you just look at the economics and the region’s demographics.

When energy is discussed most people are talking about a $200 plus billion-dollar oil and gas market in Iraq and Turkey. This is in spite of the fact that no one has used any modern day data gathering techniques to precisely assess the potential market. Most of this is based on the area and the deposits that are already known to exist in the region. Because of this data, Iraq has already built important affiliations with distinguished companies involved the energy sector and other forms in infrastructure. What happens from here on out with the Habboush Group and these reserves all depends on what the Habboush Group and its CEO Waddie Habboush are trying to accomplish as a business in the region. Istanbul is a wonderfurl metropolitan city. It is also a true economic and cultural hub between the east and west. Because of these reasons and others, it seems to be the obvious choice of the energy capital for Turkey and Iraq where buyers and sellers of energy resources and other goods can come together and profit.

Crystal Lagoons Brings New Value to FL Real Estate

Fernando Fischmann’s Crystal Lagoons recently joined one of the largest real estate developments in Florida, SoLē Mia, which is part of a joint venture between LeFrak and Turnberry Associates. Turnberry Associates is owned by Jackie Soffer (racked.com) and her brother, Jeffrey, and LeFrak is owned by prominent business man, Richard LeFrak.

Fischmann originally joined the real estate field amassing investment equities. However, in 1986 he procured sixty hectares of countryside off the shore of middle Chile. With the plan to establish a vacation getaway, Fischmann here originated a simulated natural marsh which he deemed, San Alfonso Del Mar. The San Alfonso Del Mar pond was unveiled for the first time in December of 2006. This endeavor led Fischmann to expand on his means for sustaining the immaculateness and transparency of the water.

Fischmann developed his scientific know-how to sustain immense amounts of translucent water with minimal maintenance cost. Fischmann’s idea centered around its computerized system of ultra-sonic filtration and electronic pulsing. Unlike other setups, the use of chlorine for water refinement is non-existent. Just as important, the energy consumption of the filtration system is proportionate to two percent of the power expended by pools with typical filtration arrangements.

The Crystal Lagoons infrastructure works with essentially all types of water including freshwater, brackish water, and salt water. In addition, the aquifer mechanics enable runoff water to be refined via a separate treatment lagoon. In this separate lagoon, the water is collected into underground reservoirs to be used when necessary. This not only stores water, but helps conserve it when weather conditions get extra dry.

With its exclusive technology, these artificial marshes feature droves of sensors and tiny injectors that add purifying chemicals where and when they are required. This makes way for a more conducive cleaning approach to pool maintenance. Most pool setups typically lean on a great amount of chlorine to destroy bacteria. However, if a pond the size of some Crystal Lagoons were to be treated with chemicals, it would necessitate massive amounts of chlorine.

With land, it can be difficult to differentiate between one property and another. Man-made Crystal Lagoons (http://www.crystal-lagoons.com/) allow property owners to provide aquatic and recreational sports. A glimmering artificial pond adds capital to a vast amount of real estates. In addition to this, Lagoons can be built anyplace with a water source, even if it is underground. With Crystal Lagoons, a realtor not only adds capital to their investment but can also revolutionize the lifestyle of a populace.

Top Business Schools for 2016

Ready4, a Boston-based company that creates test prep apps, today released its second annual list of the most desired business schools around the world. It surveyed over 250,000 prospective MBA students from 195 countries and asked them to name the top 10 schools they’d like to attend.

Harvard and Stanford held onto their first and second-place spots from last year, while Wharton moved up two positions to become the third-most desired program.

The most desired schools are extremely selective. Harvard enrolled 934 students in its class of 2018, or 10% of those who applied. The much smaller Stanford enrolled 417 students, or 5% of applicants. And Wharton’s 2018 group has 851 students and an admission rate of 13%. Tuition for these schools ranges from $64,000 to $74,000 per year, leading to total annual costs of over $100,000 for each two-year program. But graduates earn median compensation of $180,000 to $208,000 in their first year out of school.

For the full list of 25, continue here.

Source: forbes.com

McLean, VA: Luxury Living Outside of the Capitol

Mclean, Virginia is home to an upscale community where many politicians and high-end professionals live as well. The location of the Central Intelligence Agency and the proximity to Washington D.C. are two of the biggest reasons why high-achieving experts are drawn to the community. McLean is full of lush greenery, hiking and biking trails, posh boutiques, and delectable restaurants.

Home of UAE Ambassador
Yousef Al Otaiba (https://twitter.com/yousefalotaiba1), who is the United Arab Emirates Ambassador to the United States, and his wife Abeer live in a beautiful home in McLean, Virginia. The estate was given a modern upgrade with contemporary finishes that fit the lifestyle of Otaiba and his family.

The outside of the home is stunning with an infinity edge swimming pool that has stepping stones lined across so that people look as if they are floating from the pool into the scenic Potomac River in the background. The setting is almost surreal. Arched walkways invite guests to sit around the water on a lounger. The home was designed with the help of several designers to get the desired effect that the couple was looking for in their property.

Inside the Estate
Luxurious blues, slates, and stainless steel adorn the home in a simple but elegant design. The kitchen has high ceilings, a massive stove, and a sink in the island in the middle of the floor. Two refrigerators provide enough space for regular parties and quiet dinners at home. Wood trim and soft white lights finish out the kitchen and carry through to the office with the curved ceiling and wall of windows that let the Ambassador bask in natural light. A long L-shaped desk gives him all the room he needs to conduct business and a quaint seating area with neutral tones make a perfect spot to have a good conversation with friends or delegates.

A uniquely designed bathroom lends character and a reminder of home with Arabic designs and accents in a magnificent arrangement. A formal dining room is headed with a massive black marble fireplace that looks over a very long wood table. The game room has a brighter look with a large wall aquarium, pool table, and spectacular wood floors. The family room is clean and cozy with plump white couches beckoning the family and guests to sit back and relax after a long day of work and discussions. The master bedroom is a mix of whites and creams with flowing curtains held back in a crisp manner to top off the calming style.

Four of the Most Interesting Visionary Awards Winners

There are visionaries and then there are winners of Florida’s Visionary Awards. These are people who have had the vision and drive to work effectively in transforming South Florida. The development of a world-class city requires vision, as well as courage and leadership. Thirty-five years ago, Time magazine featured the city of Miami as “Paradise Lost”, but that situation has been completely transformed. The winners of awards for performing this transformation are many. Of the 13 people awarded the Miami Herald Visionary Awards for 2016, there were four that really stood out from the pack:

* Craig Robins – Architecture/Design
* George Feldenkreis – Business
* Eduardo J. Padrón – Education
* Rachel Silverstein – Environment

Craig Robins won for Architecture/Design and is the CEO and President of Dacra Development Corporation. Husband of real estate mogul, (http://www.wsj.com/articles/a-day-in-the-life-of-craig-robins-1417451923) Jackie Soffer, Craig assisted Sam Keller in bringing Art Basel to Miami Beach in 2002. The current location of the Institute of Contemporary Art is housed in the Moore Building, a move that was initiated by Robins with DesignMiami. He compares the Design District as a creative laboratory, the place where he invented DesignMiami.

George Feldenkreis won for Business and is Perry Ellis International’s Executive Chairman. He began in Miami as a Cuban refugee selling motorcycle parts in 1961. He became an importer of school uniforms. He has grown in business to head up a company with over 24 brands
and 2,600 workers. He says he never gets bored in the garment industry.

Eduardo J. Padrón won for Education and is the President of Miami Dade College. He also is a refugee from Cuba. Although he had been on the fast track to work at DuPont, Padrón’s professors thought he would be good at teaching at the University. He discovered a passion for changing people’s lives through education. Media outlets around the world have recognized him as a leading educator and most-influential Latino educator in the U.S. He has been much published in his campaigns for educational reform.

Rachel Silverstein won for the Environment and is the Miami Waterkeeper’s Executive Director & Waterkeeper; a nonprofit that promotes clean water for all of South Florida. She calls herself a “professional pot stirrer,” as an activist who felt forced to confront the U.S. Army Corps of Engineers about their Port of Miami dredging operations that were killing local endangered coral reefs. Her efforts resulted in the Army Corps paying $400,000 to have surviving coral relocated.

Read about all of the Visionary Award recipients at http://www.miamiherald.com/news/business/biz-monday/article83372287.html.

UAE Takes Space Program to the Next Level

While the United Arab Emirates (UAE) is small in population and geography, its ambitious efforts to make headway in space is turning head. According to Ambassador Yousef Al Otaiba, the country’s efforts to strengthen space exploration, improve scientific research and expand our horizons has already produced positive results, even though the program is extremely young.

The UAE’s space program really began in earnest only 7 years ago when the first government owned satellite was launched into orbit in 2009. Since then, the country has engaged in a number of projects, initiatives and organizations to improve space exploration.

First, the country established a few research centers to study space. In Abu Dhabi, the Khalifa University Space lab was established as well as the Astronautic and Celestial Emulation lab. This center has unmanned and aerial vehicles that are tested in environments similar to those found in space. There was also a recent announcement of the Space Research Centre that will be built out over the next 5 years at a cost of $100 million dirham. The centre in Al Ain will act as an incubator for all federal research.

The country also established Yahsat to coordinate ongoing satellite missions in space. Similarly, the Mohammed bin Rashid Space Centre helps to promote and plan satellite launches into space.

In 2014, it established the UAE Space Agency to coordinate all of these efforts and drive the exploration even further. Its goal is to promote research and development of the space sector. It organizes and regulates launches and missions as well. Lastly, it forms partnerships with other organizations to further UAE space organizations.

One of the biggest goals of the agency is to drive the 2020 unmanned mission to Mars. This extremely ambitious effort could help the UAE leap frog other places around the world to become a leading space center. It even gained acceptance into the International Space Exploration Coordination Group with other major countries and is the first Arab country to join.

Overall, the UAE has made tremendous strides into the areas of space exploration and research. Only time will tell if they can reach their ambitious goals. However, the rest of the world has offered support, cooperation and partnership to the UAE in hopes of seeing the nation achieve its goals.

Elon Musk Aims to Shore Up SolarCity by Having Tesla Buy It

Elon Musk has built an ambitious business empire on three pillars: electric cars, solar energy and space travel.

Now, the billionaire entrepreneur is trying to shore up his embattled solar panel provider by merging it with the electric carmaker.

His Tesla Motors said on Tuesday that it had offered to buy SolarCity in an all-stock deal, one that could value the latter at as much as $2.8 billion. The aim, Mr. Musk argues, is to create a renewable-energy giant, collecting clean electricity and putting it to work propelling cars.

But the transaction highlights the unusual moves that Mr. Musk continues to make to support the various arms of his empire, where he is the largest shareholder of each company.

He has taken out loans to buy up shares in Tesla and SolarCity, some backed by his personal stock holdings in both companies — a risky move that leaves him exposed to margin calls if their stock prices slide too far. He has defended the practice as low-risk to other shareholders, given the sheer size of his personal net worth of more than $10 billion.

In Mr. Musk’s view, putting Tesla and SolarCity together is only logical.

“We need to achieve a tight integration of the products,” he told reporters in a conference call on Tuesday. “I think it’s an obvious thing to do.”

An agreement is some time away, if one is ever reached. But shareholders in SolarCity pushed the company’s stock up 19 percent in after-hours trading, to $25.26. Shares of Tesla, however, tumbled more than 13 percent, to $190.59.

Continue to the full article…

Source: nytimes.com

Additions to Aventura Mall Miami

Aventura Mall in Miami, Florida has many exciting new changes coming to their shopping center this year. Shoppers have much to look forward to from the Aventura Mall if they enjoy luxury brands. The already very choice shopping destination will more than likely grow even further in popularity for shoppers in Florida and even tourists visiting Florida because of an addition to the mall to make space for more retailers.

Already two new retailers have recently joined the two point seven million square feet mall -St. John and 120 Percent Lino- and more are to come following the completion of the addition. The addition will be three levels and make up about three hundred and fifteen thousand square feet of space. It will have a VIP concierge service area and a garden.

Jackie Soffer http://worldredeye.com/2013/03/craig-robins-50th-birthday/ who is married to Craig Robins, is the owner of Aventura Mall, says that the mall attracts about twenty-eight million shoppers yearly. She points out that the mall sells many ten thousand dollar or twenty thousand dollar handbags, but that a five-million-dollar ring is not really something customers of the mall need. The mall has people from all walks of life who visit and shop from the wide variety of retailers there.

The mall is already anchored by Nordstrom’s, Macy’s and Bloomingdale’s. All of whom carry Louis Vuitton, Cartier, Tiffany & Co., Fendi, Emilio Pucci, Bally and Burberry. Although the anchors and many other retailers in the shopping mecca sell luxury brands, actual majority of the retailers are not higher end and there are various price ranges in the Aventura Mall.

The decision to make an addition to the mall came about because of competition in the area and as a way to draw in more shoppers and tourists. The Aventura Mall is the third largest shopping mall in the United States, but they still need to keep up with competition. Brazil’s economy downward spiral, Russia’s recession and the strong United States dollar has led to less shoppers from Brazil and Russia in Miami.

Brazilian and Russian tourists used to be more frequent to the area and they often bought luxury brand items in the past. The area has more American tourists or American shoppers making purchases, but the mall is still doing what it can to keep up with other shopping malls and options so shopper will choose them.

How to Set Up Your Consulting Game

Consulting is a competitive trade. Become complacent, and changes in your area of expertise will begin to pass you by. What’s more, without having the ability to properly assess and convey in digestible terms where and how an organization needs improvement, a career in consulting is doomed to failure. There are programs available that have built their pedigree on training consultants to maximize their efficacy and therefore their profits. One such organization is the CAPCO program.

The CAPCO program equips consultants with what they need now to become industry leaders going forward. The CAPCO Associate Talent Program places consultants in a rigorous and involving training regime. The course provides an overview of the rapidly changing financial services sector, along with instructions on the regulatory hurdles and risks that financial firms are faced with. In addition to gaining key industry knowledge, CAPCO offers hands-on skills training that culminate in a live client assignment. CAPCO’s program walks you through the very beginning stages before ramping up the training regime, until finally you emerge as a fully-equipped consultant.

Another training platform for those seeking to improve their consultant know-how is the Association for Talent Development, or ATD. ATD employs a 5-D consulting model that trains consultants on establishing clear goals with clients, managing expectations, and yielding results worthy of respect. Consultants who undergo ATD’s training program will be able to walk customers through industry obstacles and regulatory barriers, as well as craft workable plans that instill trust in clients.

McKinsey & Company is another reputable consultant training firm that is worthy of mention. They invest over $100 million in their program each year that is designed to aid consultants in developing skills in communication, building relationships, improving confidence, and planning careers. Embark, their flagship consultant training program, teaches its students how build their own network of clients, how to specialize in a particular field, and the best ways to stay ahead of the curve in learning new methods in their field.

Working to become a successful consultant is a difficult task. Many crash and burn within their first couple of years. The knowledge and skills an instruction program can impart on future consultants is immiscible. For many, it will mean the difference between success and failure in their chosen fields. Even a seasoned consultant whose business has grown a bit stagnant can expect significant dividends by enrolling in consultant training led by professionals.