Financing Options – Chip And Todd http://chipandtodd.com/ Thu, 29 Sep 2022 14:56:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://chipandtodd.com/wp-content/uploads/2021/06/icon-3-150x150.png Financing Options – Chip And Todd http://chipandtodd.com/ 32 32 MoveEasy launches the country’s first fully integrated home platform https://chipandtodd.com/moveeasy-launches-the-countrys-first-fully-integrated-home-platform/ Thu, 29 Sep 2022 14:54:51 +0000 https://chipandtodd.com/moveeasy-launches-the-countrys-first-fully-integrated-home-platform/ MoveEasy’s platform and app now gives customers a holistic view of every decision they need to make as homeowners – whether they’re buying, selling, moving or managing their existing home. “MoveEasy has evolved into the ultimate consumer engagement platform for all things home. We empower brokers and real estate agents to personalize the customer experience […]]]>

MoveEasy’s platform and app now gives customers a holistic view of every decision they need to make as homeowners – whether they’re buying, selling, moving or managing their existing home.

“MoveEasy has evolved into the ultimate consumer engagement platform for all things home. We empower brokers and real estate agents to personalize the customer experience – delivering real value with every decision you make. they must take as owners.” – Venkatesh Ganapathy, CEO of MoveEasy

MoveEasy, the real estate industry’s leading concierge services provider, today announced the nation’s first fully integrated, white-label home management platform, empowering customers to make smarter decisions and save money. money throughout their journey as owners.

MoveEasy’s platform and app now gives customers a holistic view of every decision they need to make as homeowners – whether they’re buying, selling, moving or managing their existing home. Homeowners can apply for new loans or refinance through their brokerage’s mortgage partners, instantly check their home’s value, budget for home-related expenses, and see how each update to their home improves the value and the equity in their home over time.

For real estate partners, MoveEasy automates the workflow with clients and delivers unprecedented value, leading to stronger engagement, loyalty and retention. Agents can automate communications, share timely reminders about home-related tasks, while displaying exclusive information and discounts for service providers in all categories.

“Imagine only needing to use one platform for every homeownership decision,” said MoveEasy CEO Venkatesh Ganapathy. “That’s the power of MoveEasy. Whether you’re remodeling your kitchen, replacing your roof, or retrofitting your solar-powered home, there are a variety of factors to consider. MoveEasy empowers real estate agents to act as trusted advisors, surface information and discounts to save clients money, wherever they are in their journey. This leads to a significant increase in customer engagement with stronger customer loyalty and satisfaction.

The new platform updates MoveEasy is launching today include:

  • Integrated services for buying, moving and managing the home. From pre-approving a loan with a broker’s mortgage partner to closing documents and maintenance records, clients can now manage it all through the MoveEasy platform.
  • A new home valuation tool provides homeowners with instant and accurate insight into their home’s value, while allowing them to see how home improvement projects increase their home’s equity over time.
  • A home equity planner tool gives clients a holistic view of their current equity. Homeowners can see an overview of their pending loan amounts next to their home equity, as well as options to pre-qualify for a HELOC loan to improve their home.
  • A cost of living and savings tool allows customers to see estimated mortgage and monthly expenses when a homeowner is appraising a new home they want to buy or exploring a vacation home or investment property/ rent. MoveEasy’s savings tracker also constantly searches for the best prices on home-related services such as internet, utilities and insurance, helping customers save money or avoid overpaying .
  • A comprehensive 360° project planner gives customers new insight into the cost of a home improvement project, such as a kitchen remodel, new HVAC system, or solar upgrade , while providing them with financing options. Agents can also view savings and exclusive information for customers related to any project, as well as timely reminders for related services such as lawn care, air filter updates, renewals. subscriptions and other tasks.

“MoveEasy has evolved into the ultimate consumer engagement platform for all things home,” Ganapathy said. “We empower brokers and agents to personalize the customer experience, delivering real value to every decision they have to make as owners. Simply put, we offer the industry’s widest range of fully integrated home-related services on a single platform, while delivering insights, exclusive discounts and features to help customers improve value and value. net of their home over time. »

MoveEasy’s Owner Dashboard gives customers access to service providers in a growing number of categories, including home insurance, internet and cable providers, home protection, energy, utilities, solar power and home improvement. Through direct integration, real estate partners can also integrate their preferred network of partners such as mortgage, insurance or home warranty providers, or contractors.

It all builds on what is perhaps MoveEasy’s most unique feature: each customer has a dedicated human concierge – available by phone, text or email to help with any moving or property management requests. the house while being entirely white label for the brand on all platforms. No other company in the industry offers this level of brand and service.

MoveEasy continues to build momentum with over 130,000 real estate agents using the platform, representing millions of homeowners. Berkshire Hathaway HomeServices, Century 21, RE/MAX, Howard Hanna and Schmidt Family of Companies are just a few of the top real estate partners nationwide using MoveEasy to deliver exceptional customer service, resulting in increased commitment, loyalty and recommendations. Starting today, all MoveEasy partners and agents will have access to the home management platform and can start using it immediately with current and past customers and prospects, free of charge.

About Move Easy:

MoveEasy is the industry’s first comprehensive home management and concierge platform designed to help the 139 million homeowners in the United States with all of their moving and home management needs. MoveEasy’s 360° dashboard provides access to service providers in multiple categories, an integrated savings calculator, concierge service, and more. For real estate partners, MoveEasy is a fully white-labeled, turnkey concierge solution that helps brokers customize and personalize the platform to deliver true end-to-end lifelong concierge service to their clients. Today, MoveEasy works with realtors across the country representing over 130,000 agents. For more information visit http://www.moveeasy.com

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What it is and how it can help you – Forbes Advisor https://chipandtodd.com/what-it-is-and-how-it-can-help-you-forbes-advisor/ Tue, 27 Sep 2022 18:40:38 +0000 https://chipandtodd.com/what-it-is-and-how-it-can-help-you-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Purchase order financing is a way to get the cash you need to pay for inventory and supplies before you receive payments from customers. When you have a purchase order from a […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Purchase order financing is a way to get the cash you need to pay for inventory and supplies before you receive payments from customers. When you have a purchase order from a customer, a lender provides the money to pay for the inventory. For this reason, purchase order financing can help keep your business running smoothly, even when times are tough.

What is purchase order financing?

Purchase order financing is short-term financing that can help businesses pay for the goods or services needed to fulfill customer orders. Finance companies pay vendors directly, so PO financing can help you avoid missing sales opportunities that you wouldn’t otherwise have the money to accept.

How does purchase order financing work?

Purchase order financing is a way for businesses to get the cash they need to pay for inventory and supplies before receiving payment from their customers. The finance company pays for the inventory directly and the supplier ships the product to the customer. Then, the finance company collects the payment on the customer’s unpaid bill. Finally, the corporate borrower receives cash from the finance company, net of interest and fees.

Here are the parties that are traditionally involved in purchase order financing:

  • Company (borrower). The borrower is the company that needs financing to pay for goods or services already ordered by its customers. The company borrows funds from a purchase order finance company to fulfill the order.
  • Purchase Order Finance Company. Also known as a lender, the purchase order finance company provides financing to the borrower. The lender confirms the details of the borrower’s purchase order and then sends the funds directly to the relevant supplier.
  • Supplier. The supplier provides the goods or services ordered by the customer. In some cases, the supplier may also be involved in financing the purchase order.
  • Customer. The customer is the party that buys the goods or services from the borrowing company. Under a purchase order financing arrangement, the supplier sends goods to the customer and the customer’s payment goes directly to the lender.

How to finance a purchase order

If you want to apply for purchase order financing, contact a lender directly or work with a finance company that specializes in this type of financing.

You’ll need to provide information about your business, the order you want to finance, the customers involved, and your financial history. The lender then decides whether or not to approve your loan and make you an offer.

Unlike many other types of business financing, the approval process may depend more on the creditworthiness of your customers, not your business. This is because customers have an impact on whether the finance company receives payment on time.

Typically, monthly PO financing rates range from 1% to 6% of supplier costs, with rates increasing the longer the customer takes to pay their invoice. These interest rates translate to annual percentage rates (APR) of between 20% and 50%, making purchase order financing an expensive option.

Here are the general steps involved in financing a purchase order:

  1. The company receives a purchase order from the customer
  2. The company determines how much it will cost to fulfill the order
  3. Company requests purchase order financing
  4. Purchase order finance company pays the affected vendor
  5. The supplier ships the product directly to the customer
  6. The company invoices the customer
  7. The customer pays the bill to the finance company
  8. The finance company sends the funds to the business, less interest and fees

Where to Get Purchase Order Financing

Purchase order financing is available from online finance companies, some of which exclusively offer these business loans. For example, providers like PurchaseOrderFinancing.com specialize in this type of loan while companies like SMB Compass offer a range of financing options. Some banks and traditional lenders also offer purchase order financing to eligible businesses.

How to Choose a Purchase Order Finance Company

If you’re considering using purchase order financing for your business, compare lenders before committing to terms. Consider these factors when choosing a purchase order finance company that best suits your needs:

  • Services available. Choose a company that specializes in purchase order financing rather than one that offers it as a complement to factoring services or other financing tools. For example, some lenders specialize in small personal loans or traditional business loans, but may not have the expertise to work directly with vendors.
  • Experience in your industry. Consider a supplier who is experienced in your industry and familiar with your products and services. Also, assess how long the finance company has been in business and working with companies in your industry.
  • Borrower Requirements. Depending on the provider, you or your business may need to meet a minimum credit score requirement. However, lending decisions may be based more on customer payment history. It may also be necessary to constitute a personal guarantee in the event of non-payment of the invoice by the customer.
  • Minimum annual volume requirements. Some vendors have minimum annual revenue or order volume requirements. Select a finance company that matches your needs.
  • Overall cost of financing. Compare monthly financing fees and assess additional fees charged by each provider, including processing or start-up fees. Likewise, find out if rates increase as your customers take time to pay their bills.
  • Vendor Payment Methods. Purchase order finance companies pay vendors in a number of ways, including cash and wire transfer. Payment with a letter of credit is considered the safest method of payment, although not all suppliers accept this method. Choose a finance company that offers flexible payment methods.

Advantages and Disadvantages of Purchase Order Financing

Before applying for purchase order financing, carefully weigh the pros and cons to determine if this financing is right for your business.

Advantages

Purchase order financing can be a useful way to fund orders when you don’t have the cash to pay for them up front. It can also help you grow your business by allowing you to take larger orders. Some of the other benefits of this type of loan include:

  • Access to working capital. Purchase order financing can provide the working capital needed to fulfill customer orders. It can help you maintain or grow your business by taking orders from customers you may not have had the funds for.
  • Easier to qualify. Finance companies typically base their approval decisions on a customer’s creditworthiness. The lender will always consider your company’s finances and credit profile, but this can make it easier for startups to qualify for funding.
  • Improved relationships with suppliers. Purchase order financing can help improve your relationships with suppliers by allowing you to pay for goods on time. This can lead to early payment discounts and better terms in the future.

The inconvenients

Purchase order financing also has some potential drawbacks, including:

  • High costs. This form of financing can be expensive, with pay-to-order financing rates ranging from 1% to 6% of supplier costs. These numbers translate to APRs of around 20% to 50%.
  • Assigned by customers. Your client’s purchase order secures your loan, so many lenders approve the borrowing company based on their clients’ creditworthiness. Also, the longer it takes a customer to pay their bill, the more you risk incurring charges.
  • Reduced control of operations. Since purchase order financing companies pay vendors directly, this method of financing takes some power away from the business owner. The supplier also ships products directly to the customer, further separating the business from operations and customer relationships.

Find the best small business loans of 2022

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Palo Alto’s Bold Proposal to Boost Home Electrification | A new shade of green | Sherry Listgarten https://chipandtodd.com/palo-altos-bold-proposal-to-boost-home-electrification-a-new-shade-of-green-sherry-listgarten/ Sun, 25 Sep 2022 14:03:16 +0000 https://chipandtodd.com/palo-altos-bold-proposal-to-boost-home-electrification-a-new-shade-of-green-sherry-listgarten/ Six years ago, Palo Alto set a goal to reduce the city’s emissions to 80% below 1990 levels by 2030. At the time, emissions were already 35% lower than 1990 with cleaner electricity. But since then, progress has been slow. In 2019, our emissions were 38% lower than 1990 levels. They were much lower in […]]]>

Six years ago, Palo Alto set a goal to reduce the city’s emissions to 80% below 1990 levels by 2030. At the time, emissions were already 35% lower than 1990 with cleaner electricity. But since then, progress has been slow.

In 2019, our emissions were 38% lower than 1990 levels. They were much lower in 2020, but most of this effect was due to temporary changes related to the pandemic. The city estimates that emissions would have been about 42% lower than 1990 levels without the pandemic. Source: Palo Alto 2020 Greenhouse Gas Emissions Inventory
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In particular, we have been slow to electrify our homes. For six years the city offered us rebates for installing heat pump water heaters, and for six years we largely ignored that offer. But making this change is still one of the simplest, most cost-effective steps we can take to reduce emissions from our buildings.

This disconnect between climate ambition and results has been frustrating for city council and conservationists. With new analysis in hand confirming that we would need to electrify approximately 1,000 water heaters each year to meet our emissions target, our sustainability staff worked with community advisors to take the reins and craft a proposal that goes way beyond beyond discounts, with the goal of making this Switch as easy and affordable as possible.

The proposal includes:
– Turnkey installation by a contractor supervised by the city.
– $1500 upfront fee (similar to a gas water heater) (1)
– $1,200 in additional charges, either paid up front or via $20/month on the electric bill (0% interest for five years). This cost will be partially or even fully offset by tax credits and bill savings. (2)

Interested residents need only call the Home Efficiency Genie of Palo Alto, who will visit the home, determine the best options, and provide a written report. Customers who want to go ahead can then sign an agreement and schedule the installation. Equipment has a 12-year warranty and labor has a 1-year warranty, although the city is considering a 5-year option for labor.

Owners who want to use their own contractor can do so and will receive a $2,300 rebate, down from $1,200 today. Tenants are also encouraged to participate. About 20% of homes in Palo Alto are rented. Tenants will receive documentation from the city to help them discuss with their landlords the possibility of upgrading to an HPWH.

This robust plan aims to make change as easy, affordable and satisfying as possible for residents. But the proponents are aiming for well over 1,000 water heaters in that first year.

A year of rapid adoption of HPWH will allow the city to gain experience with building electrification, develop promising on-bill financing options, attract contractors to the area, and educate residents the need and feasibility of electrifying their homes. This, along with cost improvements due to increased competition and scale, will hopefully allow for an expansion of the program at a lower cost, as well as a similar pilot project tackling space heating. The 1,000 heat pump water heater installations will also provide the city with the information and experience to draft a requirement that water heaters be replaced with HPWHs in the event of failure.

Two aspects of the plan that the report focuses on are network capacity and cost. Network capacity should not be an issue with this deployment. Since HPWHs have a relatively low power consumption of 300 to 400 watts most of the time, similar to that of a desktop computer, they are expected to have minimal impact on the power distribution system. . By promoting this water heater change first, the city is able to advance its network modernization efforts while making good progress on emissions. Yes, the city can walk and chew gum at the same time!

Costs for this program are higher than the city had hoped, but staff have identified relevant funding sources to cover the planned expenditures of $7.4 million, which include cost and materials, electrical work, necessary assessment and follow-up visits. (3) Residents will pay approximately $1.7 million in initial payments (the $1,500). Another $1.2 million will come from revenue the City has already received from the sale of cap and trade allowances that are issued to our gas utility for energy efficiency and electrification. The final $4.5 million will come from the utility’s electrical special projects reserve, which now has a balance of $29.6 million. (4) This fund will be repaid over time (with interest) from residents’ monthly $20 payments, revenue from additional electricity sold, and revenue from a public benefits fee that the utility collects for energy efficiency and other purposes. . (5)

I find this proposal comprehensive and compelling, offering great help to Palo Altans who want to reduce emissions from their homes. I spoke with many people who would jump on this offer. The city is taking its climate goals seriously, acting on the cost impact analysis it has done, and applying what it has learned from the programs it and other cities have offered to date. Recognizing their experience that rebates are not enough to drive rapid adoption of these devices, the proposal offers turnkey installation by a licensed contractor at a fixed price, with a low upfront cost and zero percent financing on invoice. It allocates substantial funds from relevant sources to support the rapid electrification of water heating and eventually space heating in residential buildings. It doesn’t get much better than that. I think the City can legitimately say “We did our best”. with this program, if the Council approves it.

On Tuesday, September 27 at 7:30 p.m., City Council will discuss this proposal. I hope many of you will listen and speak up, or send a note to city council with your thoughts. This is an ambitious proposal and a great opportunity for us to start reducing emissions from our buildings.

Notes and References
1. Households with justified income will be able to obtain one free of charge.

2. Heat pump water heaters use much less energy than gas water heaters and the total energy bill will be lower once installed. Total savings are greater for households that use more hot water. A home that burns about one therm of gas in a gas storage water heater each day could save more than $20/month at Palo Alto’s low electricity rate of $0.20/kWh. (A gas therm costs about $2. One therm equals about 30 kWh. If the heat pump water heater is 5 times more efficient than the gas version, it will only use about 6 kWh, which would only cost $1.20/day.pump water heaters emit approximately 3.7 times more energy than they consume, while many gas water heaters waste energy, emitting about 0.7 times more energy than they consume, so the heat pump is 3.7 / 0.7 = 5.3 times more efficient.)

3. Unusual expenses such as panel upgrades or water heater relocations will be additional costs to the customer.

4. The staff report explains, “The Electrical Special Projects Reserve was created in 2015 from the Calaveras Reserve, a reserve fund created in the late 1990s to offset potential stranded costs of California’s transition. towards a competitive electricity market. These stranded costs did not materialize and the Board changed the name to the Electric Special Projects Reserve, which was intended to fund innovative utility projects.

5. The staff report explains, “Public benefit funds come from a charge that Public Utilities Code 385 requires local electric utilities to collect from customers, which can be used to fund utility services. cost-effective demand-side management to promote energy efficiency, low-income programs, research and development, and renewable energy. Due to Palo Alto’s low electric rates and the efficiency of heat pump water heaters compared to their gas counterpart.

Current climate data (August 2022)
Global impacts, US impacts, CO2 metric, climate dashboard

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Middle East auto sector records first digital asset finance deal https://chipandtodd.com/middle-east-auto-sector-records-first-digital-asset-finance-deal/ Fri, 23 Sep 2022 03:00:56 +0000 https://chipandtodd.com/middle-east-auto-sector-records-first-digital-asset-finance-deal/ SAIC Motor and Tajeer Group, the exclusive distributors of MG cars in Saudi Arabia, have turned to distributed ledger technology (DLT) to fund a deal. The deal sees financial giant HSBC as a party to the landmark transactions as it is a first for the entire automotive industry in the Middle East. The transaction took […]]]>

SAIC Motor and Tajeer Group, the exclusive distributors of MG cars in Saudi Arabia, have turned to distributed ledger technology (DLT) to fund a deal. The deal sees financial giant HSBC as a party to the landmark transactions as it is a first for the entire automotive industry in the Middle East.

The transaction took place on the Contour platform, a network of global banks and corporate giants in a trusted digital network. The platform leverages DLT to offer “seamless integration with market-leading digital document systems” to improve data flow among “fragmented ecosystems”.

According to a joint press release by the parties, Contour was used to provide secure scanning of credit documentation needed by the Tajeer Group to purchase cars from SAIC Motors. The parties agree that this method shortens transaction times up to 10 times compared to the physical use of documents.

“This transaction marks a significant milestone in the Middle East automotive industry, proving that distributed ledger technology is successfully transforming the trade finance ecosystem,” said Carl Wegner, Chairman and CEO of Contour. “We are excited about the potential for wider adoption in this sector, as having a digital commerce solution is no longer an option but the new normal for the industry.”

The use of DLT in global finance has several advantages, including that of ensuring trust between participants by stifling the occurrence of fraud. The decentralized nature of the technology provides a wide range of funding options for gamers following the rise of decentralized finance (DeFi) protocols. The peer-to-peer lending options available have been touted to herald a wave of change in global corporate finance.

Tom Lee, Managing Director of MG Motors, hailed the move as one that brings him “great joy”, while David Leslie noted that using DLT “can significantly reduce friction and increase the pace for businesses. who are negotiating with Saudi entities”.

The whole Middle East is turning to digital assets

The Middle East has always approached digital assets with some skepticism. However, over the past 12 months, several countries in the region have reversed the trend of increasing adoption rates at a breakneck pace.

Of note is the United Arab Emirates and its commercial city of Dubai, which recently adopted the innovative framework to regulate the use of digital assets. The effect of the law was immediate as major digital asset service providers like Binance and FTX received full licenses to operate in the country, while Bahrain and Saudi Arabia are also making significant progress.

Watch: The presentation of the BSV Global Blockchain Convention, Marhaba: BSV in the Middle East

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New to Bitcoin? Discover CoinGeek bitcoin for beginners section, the ultimate resource guide to learn about bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.

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Managing Benefit Plans in an Age of Rampant Inflation https://chipandtodd.com/managing-benefit-plans-in-an-age-of-rampant-inflation/ Wed, 21 Sep 2022 00:01:47 +0000 https://chipandtodd.com/managing-benefit-plans-in-an-age-of-rampant-inflation/ 1Mercier. 2022. Human Risk 2022. Marsh McLennan. Available at www.mercer.com/our-thinking/health/mmb-managing-risks-for-workforce-and-business-resilience.html 2Mercier. The Rise of Inflation and Pension Savings, 2021, available at www.mercer.com/our-thinking/wealth/the-rise-of-inflation-pension-savings.html 3Statistics Canada. Prices rise at a faster pace in June in five major components [Data visualization tool]available at www150.statcan.gc.ca/n1/daily-quotidien/220720/cg-a002-eng.htm 4Office of National Statistics. UK Consumer Price Inflation: June 2022, available at www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022 55Dubai […]]]>

1Mercier. 2022. Human Risk 2022. Marsh McLennan. Available at www.mercer.com/our-thinking/health/mmb-managing-risks-for-workforce-and-business-resilience.html

2Mercier. The Rise of Inflation and Pension Savings, 2021, available at www.mercer.com/our-thinking/wealth/the-rise-of-inflation-pension-savings.html

3Statistics Canada. Prices rise at a faster pace in June in five major components [Data visualization tool]available at www150.statcan.gc.ca/n1/daily-quotidien/220720/cg-a002-eng.htm

4Office of National Statistics. UK Consumer Price Inflation: June 2022, available at www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022

55Dubai Statistics Center. Monthly Percentage Change in Consumer Price Index 2021, available at www.dsc.gov.ae

6Dubai Statistics Center. Monthly Percentage Change in Consumer Price Index 2022, available at www.dsc.gov.ae

sevenRomero, T. Brazil inflation rate in June 2022, by sector. Statista, available at www.statista.com/statistics/1320124/inflation-rate-brazil-by-sector/

8 Wager, E., Ortaliza, J., Rakshit, S., Hughes-Cromwick, P., Amin, K., and Cox, C. Headline inflation has yet to trickle down to the health sector. Peterson-KFF Health System Tracker, available at www.healthsystemtracker.org/brief/overall-inflation-has-not-yet-flowed-through-to-the-health-sector/

9Ministry of Statistics and Program Implementation. Consumer Price Index figures based on 2012=100 for rural, urban and combined areas for the month of May 2022, available at https://pib.gov.in/

tenTurkish Statistical Institute. Consumer Price Index, June 2022. Türkiye İstatistik Kurumu (TÜİK), available at https://data.tuik.gov.tr/

11Mercer Marsh Benefits. How to Manage the Top Labor Risks Facing Businesses in 2022, 2022. Marsh McLennan. Available at www.mercer.com/our-thinking/health/how-to-manage-the-top-workforce-related-risks-facing-businesses.html

12 Mercier. 2022. Global Talent Trends 2022 Study. MarshMcLennan. Available at www.mercer.com/our-thinking/career/global-talent-hr-trends.html

13 Webster, I. Inflation rates between 1980 and 2022 | Inflation calculator in Brazil. Official Data Foundation, available at www.in2013dollars.com/brazil/inflation.

14 Mercier. 2021. 2021 Health on Demand. Marsh McLennan. Available at www.mercer.com/our-thinking/health/mmb-2021-health-on-demand.html

15Wager, E., Ortaliza, J., Rakshit, S., Hughes-Cromwick, P., Amin, K., and Cox, C. Headline inflation has yet to trickle down to the health sector, 2022 Peterson-KFF Health Tracking System. Available at, www.healthsystemtracker.org/brief/overall-inflation-has-not-yet-flowed-through-to-the-health-sector/

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Retool’22, a conference on climate technologies for manufacturing, scheduled for October 17-19 | New https://chipandtodd.com/retool22-a-conference-on-climate-technologies-for-manufacturing-scheduled-for-october-17-19-new/ Sun, 18 Sep 2022 19:09:00 +0000 https://chipandtodd.com/retool22-a-conference-on-climate-technologies-for-manufacturing-scheduled-for-october-17-19-new/ JAMESTOWN – Retool’22, a conference on climate technologies for manufacturers and the manufacturing industry, will be held October 17-19 at the Northwest Arena. The event is part of the Retool WNY initiative to encourage business growth and development in climate and clean technology in Western New York. During the three-day conference, industry leaders will talk […]]]>

JAMESTOWN – Retool’22, a conference on climate technologies for manufacturers and the manufacturing industry, will be held October 17-19 at the Northwest Arena.

The event is part of the Retool WNY initiative to encourage business growth and development in climate and clean technology in Western New York.


Hormone treatment for breast cancer may work differently depending on the race of the patient

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The 2022 BioNTX iC3 Summit will bring together leaders and changemakers to “accelerate life sciences in North Texas” »Dallas Innovates https://chipandtodd.com/the-2022-biontx-ic3-summit-will-bring-together-leaders-and-changemakers-to-accelerate-life-sciences-in-north-texas-dallas-innovates/ Fri, 16 Sep 2022 22:36:04 +0000 https://chipandtodd.com/the-2022-biontx-ic3-summit-will-bring-together-leaders-and-changemakers-to-accelerate-life-sciences-in-north-texas-dallas-innovates/ The North Texas bioscience and healthcare innovation community is home to nationally recognized start-ups and companies that are well-positioned to attract additional industry growth. BioNTX, a North Texas business organization that is a hub for building the industry and its ecosystem, is a major source of support and resources for the community. Its flagship event, […]]]>

The North Texas bioscience and healthcare innovation community is home to nationally recognized start-ups and companies that are well-positioned to attract additional industry growth.

BioNTX, a North Texas business organization that is a hub for building the industry and its ecosystem, is a major source of support and resources for the community.

Its flagship event, the iC3 Life Science Summit brings together biotech leaders and changemakers. Industry experts will discuss insights, insights and strategies. The two-day forum will be held at the Gaylord Texan in Grapevine on September 22-23.

iC³ = Innovation x Capital x Collaboration x Commercialization

BioNTX CEO Kathleen Otto said the naming of the summit was intentional: the combination of innovation, capital, collaboration and commercialization is the very reason the life sciences industry is flourishing in North Texas.

Science is vital to the future of humanity and the economic well-being of the region, says BioNTX. The goal of this year’s summit, Accelerating Life Sciences in North Texas, supports this.

The iC3 Life Sciences Summit is a place where leaders come together to share ideas, exhibit the broad spectrum of North Texas bioscience research, and learn about the latest innovations, products and services.

Catch the next wave of Texas tech at iC3

The flagship event will host startups through large multinationals representing industry sectors such as biotech and pharma, as well as healthcare companies, academic research institutes, innovators, investors, supplier partners and other leaders.

iC3 is designed to foster partnerships and collaboration. Attendees can connect with innovative industry leaders and exchange insights, insights, trends, and stories while building business relationships.

Speakers and topics announced

Keynote speakers include:

Jose Arrieta
Former Chief Information Officer and Chief Data Officer
US Department of Health and Human Services

Brett Giroir, MD
Former Assistant Secretary for Health and Admiral
Corps commissioned by the United States Public Health Service

Key topics include:

The State of Biotechnology in Texas
How Texas is working together to bring national attention to the financial resources, infrastructure, community, and talent our state has to offer.

Strategies for Your Success, Financing in Today’s Market
Learn from experts in the field how to develop your fundraising strategy to secure funding to further your trail.

Enterprise Licensing Process and Alliance Management
Our panel provides information on how to find the right people within a potential partner organization, the negotiation process and advice on how to maintain good alliance relationships.

FDA Hot Topics
The FDA has many initiatives and priorities that impact the biotechnology industry. Learn about today’s hottest FDA topics from our regulatory and legal experts.

Impact of innovation on clinical trials, accelerating patient outcomes
Clinical research sponsors, study sites and service providers continue to face challenges such as retention of study participants, lack of diversity within participant populations, compliance with regulatory requirements and data collection and management. And above all, maintain trust with patients. A panel of vendors, sponsors and CROs will examine how innovation and technology can be deployed to meet the trend of challenges.

Market assessment, access strategies and product launch
Provide real-world perspectives on best practices in market assessment and development; market access strategies and launch preparations.

Tackle Texas Talent: Ensuring Biomakers Don’t Look Elsewhere
Texas’ reputation for its business-friendly climate, available real estate, and cutting-edge life science research make it a frequent site-selection prospect for biopharmaceutical manufacturing. However, building a strong biopharmaceutical reputation and securing more of these deals will require better alignment, engagement and discussion among legislators, regional economic development organizations, investors and the many industry associations. focused on life sciences in the state. This session will bring together economic development actors, workforce development experts, and biopharmaceutical companies with a presence in Texas to discuss what works, what doesn’t, and what opportunities we should collectively explore to grow Texas’ reputation as a leading state in biopharmaceutical manufacturing.

New investments and strategies to advance health equity

DFW Airport Pharmaceutical Logistics Strategy and Support for the Region’s Life Sciences Sector
DFW Airport will discuss its pharmaceutical logistics and handling strategy and why it supports the North Texas life sciences sector.

Introducing TechStars
UNT’s Health Sciences Center in Fort Worth recently partnered with Techstars, which is a global investment firm that provides access to capital, one-on-one mentoring, and customized programs for start-up entrepreneurs. . Find out how Techstars plans to help North Texas entrepreneurs!

Preparing your Start Up for the presentation to investors
Hear from investors and executives about the current funding landscape and expectations for the rest of the year. A panel will also explore the risks/benefits of a variety of financing options and provide information on how to explore these options.

Transfer office showcase and pitch competition
Innovation in North Texas continues to grow. Hear from North Texas academic institutions showcase their best technologies available for licensing, collaboration, and/or acquisition.

You can also meet NTX 2022 Rising Stars. These next-gen leaders will showcase remarkable achievements.

Registration and information

Go here for more information and to stay up to date on the lineup.
Get tickets here.

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The 2nd Petoskey Solar Tour will take place on Saturday https://chipandtodd.com/the-2nd-petoskey-solar-tour-will-take-place-on-saturday/ Thu, 15 Sep 2022 10:10:06 +0000 https://chipandtodd.com/the-2nd-petoskey-solar-tour-will-take-place-on-saturday/ PETOSKEY — In an effort to encourage people to switch to solar power, the Groundwork Center for Resilient Communities, League of Women Voters of Northern Lower Michigan, and Michigan Interfaith Power & Light are hosting the second annual Petoskey Solar Tour in 9 a.m. on Saturday. , September 17. The tour will begin at Petoskey […]]]>

PETOSKEY — In an effort to encourage people to switch to solar power, the Groundwork Center for Resilient Communities, League of Women Voters of Northern Lower Michigan, and Michigan Interfaith Power & Light are hosting the second annual Petoskey Solar Tour in 9 a.m. on Saturday. , September 17.

The tour will begin at Petoskey High School’s Turcot Field and then travel to several solar-powered sites. The tour will end at Petoskey Town Hall, where an information meeting on solar power and clean energy will be held. The tour and briefing should end at 2:00 p.m.

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The tour will visit the locations of different solar installations, mainly in houses.

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State-backed digital bank Wio launches in UAE | The mighty 790 KFGO https://chipandtodd.com/state-backed-digital-bank-wio-launches-in-uae-the-mighty-790-kfgo/ Tue, 13 Sep 2022 10:56:46 +0000 https://chipandtodd.com/state-backed-digital-bank-wio-launches-in-uae-the-mighty-790-kfgo/ By Youssef Saba DUBAI (Reuters) – State-backed digital bank Wio said on Tuesday it had launched in the United Arab Emirates and would initially focus on small and medium-sized enterprises (SMEs) while considering a possible public listing. Wio, which calls itself a “platform bank”, has three main lines of business: digital banking applications, integrated finance […]]]>

By Youssef Saba

DUBAI (Reuters) – State-backed digital bank Wio said on Tuesday it had launched in the United Arab Emirates and would initially focus on small and medium-sized enterprises (SMEs) while considering a possible public listing.

Wio, which calls itself a “platform bank”, has three main lines of business: digital banking applications, integrated finance and banking as a service, the provision of banking services through third-party distributors .

Wio is 65% owned by Abu Dhabi sovereign wealth fund ADQ and Alpha Dhabi, 25% by Etisalat and 10% by First Abu Dhabi Bank. The UAE central bank in February gave it initial approval to begin operations.

“SMBs have many pain points that have been outsourced historically for many reasons. And we think it’s very important to start by being close to them and understanding them,” said Wio President, Salem Al Nuaimi, to Reuters in an interview.

“Finding funding for them in different ways is something we will have to do.”

Wio chief executive Jayesh Patel said the bank could provide its own financing to SMEs, which it would serve with its Wio Business division, and also help them find other financing options.

Setting up Wio Business was currently the main focus, Al Nuaimi said.

Patel said Wio was in talks with companies, including a regional e-commerce player, to distribute its services.

It planned to expand its offerings to retail customers “in coming quarters.” Wio would also consider potential acquisitions in the region as it seeks to become the Middle East’s leading banking platform, the chairman said.

Al Nuaimi said Wio was well funded by its shareholders, and therefore did not need an initial public offering of shares to raise funds, but nevertheless said such an offering would likely happen at some point. given.

“I think here in the UAE there is a good market that has been and will continue to grow for listed companies. And so I think we will eventually get there,” Al Nuaimi said.

“There is no timeline for an IPO,” he added. “The schedule is to get it right.”

(Reporting by Yousef Saba; Editing by Bradley Perrett)

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Ed-Tech Startup Lendorse Offers New Education Funding Options for Non-EU Students https://chipandtodd.com/ed-tech-startup-lendorse-offers-new-education-funding-options-for-non-eu-students/ Sun, 11 Sep 2022 15:58:36 +0000 https://chipandtodd.com/ed-tech-startup-lendorse-offers-new-education-funding-options-for-non-eu-students/ Munich, Germany, September 11, 2022 — (PR.com) — Until now, non-EU students did not have access to study support like Bafög in Germany or similar support programs. The new “CHE Studienkredit Test 2022” mentions the startup Ed-Tech Lendorse as “very interesting”, because it focuses on non-EU students and students with an immigrant background. This is […]]]>
Munich, Germany, September 11, 2022 — (PR.com) — Until now, non-EU students did not have access to study support like Bafög in Germany or similar support programs. The new “CHE Studienkredit Test 2022” mentions the startup Ed-Tech Lendorse as “very interesting”, because it focuses on non-EU students and students with an immigrant background. This is “remarkable, because other providers deliberately exclude the target group of non-EU foreigners”, underlines the CHE.

Lendorse is pioneering a new funding vehicle called the Income Share Agreement. Instead of an interest rate, students repay a percentage of their income for a set period after graduation. This solidarity concept allows students with low incomes to reimburse less or nothing, while high incomes reimburse more. In addition to financial support, the company also offers its customers career advice and support.

Lendorse was founded in 2021 by former students of top business schools who had personal experience of emigrating to the EU.

CEO Bjoern Wolf mentions the company’s focus on social impact, “to give all talented students the opportunity to get a good education and land a satisfying job, regardless of their financial means. or their origin”.

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