Business of Passion, Reality of Profit: What Aspiring Entrepreneurs Need to Know About Passion

People have many reasons for taking a chance on their business ideas, but if you look for commonality, it’s the passionate desire to build, regardless. Entrepreneurs are always doing something they want or something that will get them what they want. Still, the desire by itself is insufficient. What distinguishes them from dreamers is that they act and they persist.

Small and Medium Enterprises Seeking to Start a Governance Program Get Tailored Road Map in New COBIT Resource OutBuro lgbtq business owner entreprenuer networking online community

Small and Medium Enterprises Seeking to Start a Governance Program Get Tailored Road Map in New COBIT Resource

SCHAUMBURG, Ill–(BUSINESS WIRE)–The benefits of good governance systems are widely acknowledged, but often governance programs at smaller organizations are nonexistent or immature. Small and medium sized enterprises (SMEs) often deal with constraints such as limited IT resources and smaller budgets, and may have unique needs for their core business and priorities. A new guide from global technology association ISACA, COBIT® for Small and Medium Enterprises, provides guidance for SMEs on developing an enterprise governance system for information and technology (I&T) tailored especially to their unique needs.

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COBIT for Small and Medium Enterprises explains the core model and components of the globally recognized COBIT framework, illuminates the key governance and management objectives that are most relevant to SMEs, and walks SMEs through the fundamentals of starting and implementing an I&T governance program. It also provides detailed COBIT guidance specific to SMEs by domain, objective, component, activities, capability levels and metrics. In addition, the guide features mechanisms to help a SME including a governance system design workflow, a suitability assessment, COBIT goals cascade mapping tables, a practical example with detailed steps, and descriptions of SME roles and organizational structures.

“There is no magic formula for all small and medium enterprises to follow when it comes to developing an I&T governance system,” says Lisa Villanueva, ISACA IT Governance Professional Practices Lead. “However, by using tailored resources and a governance system design workflow, SMEs can thoughtfully develop an actionable road map for developing a governance system that can help guide them through the process and ultimately help them design and implement a system tailored especially to their needs.”

Some of the activities outlined in the detailed guidance include:

  • Evaluate the governance system—Consider external regulations, laws and contractual obligations and determine how they should be applied within the governance of enterprise I&T.
  • Understand enterprise context and direction—Develop and maintain an understanding of the current way of working: the operational environment, the enterprise architecture (processes, data, applications and technology domains), organizational culture, and current challenges.
  • Initiate a program—Appoint a dedicated manager for the program, with the commensurate competencies and skills to manage the program effectively and efficiently.
  • Monitor, control, and report on the program outcomes—Manage program performance against key criteria (e.g., scope, schedule, quality, benefits realization, costs, risk, velocity), identify deviations from the plan and take timely remedial action when required.

COBIT for Small and Medium Enterprises is geared toward organizations with up to 250 full- time employees, in which 30 to 70 employees work with IT systems and services, including business managers, professional staff, IT managers, quality or security professionals, and internal auditors. The guidance reflects that enterprises of this size may have limited in-house IT skills and/or capacity, lack complex IT infrastructure, tend to be cost conscious, have a short span of control, and may need to outsource more complex tasks.

COBIT for Small and Medium Enterprises can be downloaded at https://store.isaca.org/s/store#/store/browse/detail/a2S4w000004L2noEAC. Additional COBIT resources and publications can be found at www.isaca.org/resources/cobit.

About ISACA

For more than 50 years, ISACA® (www.isaca.org) has advanced the best talent, expertise and learning in technology. ISACA equips individuals with knowledge, credentials, education and community to progress their careers and transform their organizations, and enables enterprises to train and build quality teams. ISACA is a global professional association and learning organization that leverages the expertise of its more than 150,000 members who work in information security, governance, assurance, risk and privacy to drive innovation through technology. It has a presence in 188 countries, including more than 220 chapters worldwide. In 2020, ISACA launched One In Tech, a philanthropic foundation that supports IT education and career pathways for under-resourced, under-represented populations.

Twitter: www.twitter.com/ISACANews
LinkedIn: www.linkedin.com/company/isaca
Facebook: www.facebook.com/ISACAGlobal
Instagram: www.instagram.com/isacanews

Contacts

Emily Van Camp, evcamp@isaca.org, +1.847.385.7223

Kristen Kessinger, communications@isaca.org, +1.847.660.5512

Small Business Hiring Trends Upward in October 2021 OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

Small Business Hiring Trends Upward in October

The CBIZ Small Business Employment Index signaled continued positive momentum for the labor market

CLEVELAND–(BUSINESS WIRE)–The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted increase of 1.07% in October, which is a significant jump from the mildly positive report in September. The CBIZ SBEI tracks payroll and hiring trends for over 3,700 companies that have 300 or fewer employees, providing broad insight into small business trends.

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“The increase in hiring reported in October is probably the result of a few contributing factors,” said Philip Noftsinger, Executive Vice President, CBIZ, Inc. “Continued decreases of COVID-19 cases are likely contributing to more people returning to work, all enhanced unemployment benefits have expired and businesses under 100 employees are unaffected by the federal vaccine mandates.”

The ADP and Moody’s employment report indicated growth in hiring among small-, medium- and large-sized companies. Its October reading showed an overall increase of 571,000 private-sector jobs for the month, only a slight increase over the September report. Small businesses accounted for 115,000 of those new jobs on a seasonally adjusted, month-over-month basis. The ADP and Moody’s report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer.

The CBIZ SBEI reported robust hiring in the West (2.09%) region for the second consecutive month, likely driven by its delayed economic reopening following the delta variant’s impact on the region. The Central (0.61%) region showed little change while still seeing positive growth. The Southeast (1.49%) and the Northeast (1.35%) both reported hiring increases.

On an industry level, the most notable increases were seen in Accommodations and Food Services, Construction, Retail, and Transportation. Non-profit, Professional Services, and Wholesale Distribution saw decreases in hiring.

“The vaccine mandates will likely continue to be a variable in hiring trends,” added Noftsinger. “As we approach the busy holiday shopping and travel season, the hope is that the growth momentum continues.”

To view an infographic with data from the employment index, visit the CBIZ website.

Additional takeaways from the October SBEI include:

October’s snapshot: 25% of companies in the index expanded employment, 53% made no change to their headcounts and 22% reduced staffing.

Industries at a glance: Hiring gains were seen in Accommodations and Food Services, Construction, Retail, and Transportation. Meanwhile, declines were reported in Non-profit, Professional Services, and Wholesale Distribution.

Geographical hiring: The Central (0.61%), Northeast (1.35%), Southeast (1.49%) and West (2.09%) regions all experienced hiring increases.

What’s next? Small businesses are continuing to grow as the economy rebounds to pre-pandemic levels. Vaccine mandates may play a continued role in labor trends.

The October CBIZ SBEI data follows the Q3 2021 release of the CBIZ Main Street Index, which surveyed nearly 2,000 businesses throughout the U.S. on their recovery from the COVID-19 pandemic.* The data reveals that tax policy, supply chain issues and inflation are all leading concerns for small business owners. Additionally, 52.8% of respondents reported staffing shortages as a top concern, which was even higher than the percentage reported in Q2. Please see the CBIZ Main Street Index webpage for an interactive infographic with additional data.

*Note: Not all of those surveyed in the CBIZ Main Street Index are clients of CBIZ.

Editor’s note:


(1) The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on our work at https://www.cbiz.com.

Follow CBIZ on Twitter at @CBZ or on Facebook.

About CBIZ


CBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 Company offices in 31 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S. For more information, visit www.cbiz.com.

Contacts

Media


Kara Lester

Gregory FCA for CBIZ

Kara@gregoryfca.com
610-228-2119

New Diverse Business Program From MassMutual to Impact 175 Businesses Over Next Five Years OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer

New Diverse Business Program From MassMutual to Impact 175 Businesses Over Next Five Years

SPRINGFIELD, Mass.–(BUSINESS WIRE)–#massmutual–On the heels of announcing a $150 million commitment to utilizing underrepresented diverse businesses in its procurement process, Massachusetts Mutual Life Insurance Company (MassMutual) today announced a new diverse business program in partnership with Dartmouth College and Stanford University aimed to help diverse businesses thrive and grow. The program will impact 175 businesses over the next five years through comprehensive education, business planning and mentorship.

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“This new diverse business program is one more example of MassMutual’s commitment to making an impact and contributing towards systemic change,” said Regina Heyward, head of supplier diversity with MassMutual. “Bringing together national leaders in diversity, academia and financial services, we are striving to deliver a holistic approach to help today’s most pressing issues facing underrepresented diverse businesses.”

The diverse business program’s framework is comprised of financial, collaboration and educational elements which will rely upon and strengthen relationships with key diverse constituencies. Program participants will receive financial and executive level education to enhance their business acumen. The program will be delivered through the Dartmouth College Tuck School of Business Diversity Business Programs and the Stanford Latino Entrepreneurship Initiative, a research and education collaboration between Stanford University Graduate School of Business and the Latino Business Action Network.

“For four decades, the Tuck Diversity Business Programs have delivered high-impact business education for entrepreneurs through executive education programs online and on the Dartmouth campus in Hanover, NH, and through outreach programs in all 50 states,” said Emmanuel Ajavon, associate director of business leadership programs at Tuck. “We are proud to collaborate with MassMutual to continue in this rich tradition as we work with a new generation of diverse entrepreneurs.”

“The diverse business program is a tangible extension of MassMutual’s ‘Live Mutual’ philosophy, allowing us to bring our purpose to life in specific, measurable ways,” added Heyward. “It enables us to directly invest in change and help people secure their future and protect the ones they love.”

About MassMutual

MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.

Contacts

Paula Tremblay

ptremblay@massmutual.com

Cross River and TechUnited Join Forces Propel Entrepreneurs and Empower More Small Businesses OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer bisexual

Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey

Cross River and TechUnited launch Women & Minority Business Owners Mentorship Cohort

Cross River is investing in its backyard by continuing to cultivate the NJ ecosystem through job creation, community partnerships and empowering the next generation of entrepreneurs

FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions and TechUnited:NJ, a membership-driven, non-profit organization that offers opportunities for tech-enabled companies and entrepreneurs to collaborate, today announced a groundbreaking partnership to propel the future of New Jersey by increasing support for small businesses and entrepreneurs in the state, particularly by providing additional resources to women and minority business owners.

“Our success at Cross River is emblematic of the growth of the New Jersey technology ecosystem, and we are humbled to play a part in cultivating, hiring, and investing in our backyard,” said Phil Goldfeder, SVP of Global Public Affairs at Cross River. “As one of the largest lenders in the Paycheck Protection Program (PPP), we safely and securely supported the smallest businesses who needed access to capital and this partnership with TechUnited demonstrates our continued commitment to our mission of serving the smallest businesses and entrepreneurs leading the next generation.”

As said by New Jersey Governor Phil Murphy in his welcome remarks at Propelify Innovation Festival: “This event reflects and amplifies the innovative spirit to which New Jersey is responding to a multitude of major challenges. As entrepreneurs and innovators, you continue to reinvent the industry and are critical to the New Jersey economy. Supporting women and minority small businesses through mentorship programs with Cross River… will both transform our state and maintain our commitment to creating a stronger and fairer New Jersey for every family.”

Cross River merges the forward-thinking offerings of a technology company with the established expertise of a bank, while maintaining a strong focus on regulatory compliance and consumer protection. As a New Jersey state-chartered community bank, Cross River has demonstrated firsthand how the state’s structure and support has played an integral role in propelling economic advancement, innovation, and increased investment opportunities. Cross River and TechUnited have been community partners for years, but this partnership is the first of its kind, encompassing a Women & Minority Business Owners Mentorship Cohort, resources for startups and emerging investors, community events, thought leadership and more to propel the greater New Jersey technology and business ecosystems.

The specialized mentorship cohort focuses on providing underrepresented founders and owners with new advantages, resources, and information. The cohort will provide mentorship from executives at Cross River, Amazon, RSM, Deloitte, EY, and more. Within the business community, where startups and small businesses are faced with immeasurable challenges, mentorship, guidance, and community visibility are crucial to provide lasting support. Beyond the 1:1 mentorship, the program also provided four cohort members with grants, subsidized by Cross River, to enable them to present at the Propelify Innovation Festival, on October 6, 2021 in Hoboken, New Jersey.

“Leveraging the TechUnited community and board, as well as our massive annual festival, Propelify, to truly support women and minority founders via this mentorship cohort is critical to the region’s success,” said Aaron Price, CEO of TechUnited. “For entrepreneurs who want to build their companies faster and smarter, this program is for you. We encourage anyone looking for guidance to ensure their business thrives to apply.”

In September of 2021, coming off the success of its 2020-2021 Paycheck Protection Program (PPP) Cross River launched Making Waves with Cross River, a campaign dedicated to small businesses and entrepreneurs. The campaign is specifically focused on supporting diverse small businesses who are serving their communities and creating jobs and encompasses a number of initiatives in conjunction with community partners including grant programs and small business support.

To learn more, and to get involved, please visit www.crossriver.com/making-waves.

About Cross River

Cross River is a fast-growing financial services organization that merges the forward-thinking offerings of a technology company with the established expertise and traditional services of a bank. Since its founding in 2008, Cross River has developed strategic partnerships with leading technology companies, marketplace lenders and payment providers, while maintaining a strong focus on regulatory compliance and consumer protection. Cross River provides a highly secure, API-based banking platform and comprehensive suite of products encompassing lending, payments, risk management and Banking-as-a-Service (BaaS) offerings to deliver responsible financial solutions that empower businesses and consumers anytime, anywhere. Cross River Bank is a New Jersey state-chartered FDIC insured bank. For more information, please visit Cross River’s website at www.crossriver.com or Twitter @crossriverbank.

About TechUnited

TechUnited:NJ (techunited.co) is a membership-driven, non-profit organization with over 500,000 innovator members that offers opportunities for tech-enabled companies and entrepreneurs to propel the future of New Jersey and beyond through events, mentorship, content creation, and more. Founded in 1996 as the NJ Technology Council (NJTC), the organization has established itself as the premiere advocate for the technology community in the region. In 2005, the NJTC helped start a successful venture fund in Tech Council Ventures. In 2019, the NJTC acquired the Propelify Innovation Festival to cast a wider net in the region’s startup community. In 2020, the organization rebranded as TechUnited:NJ and redefined its mission to empower innovators and entrepreneurs who build a better future for all.

Contacts

Cross River

Eden Hoffman

Phone: 201-808-7000 x538

ehoffman@crossriver.com

Small Business Hiring Trends Show Positive Signs for Labor Market OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

Small Business Hiring Trends Show Positive Signs for Labor Market

The CBIZ Small Business Employment Index reported nominal hiring growth in September as the U.S. continues to confront Delta-variant concerns

CLEVELAND–(BUSINESS WIRE)–The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted increase of 0.21% in September, reversing reported declines in August and demonstrating a positive indicator for the labor market. The CBIZ SBEI tracks payroll and hiring trends for over 3,700 companies that have 300 or fewer employees, providing broad insight into small business trends.

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“The September reading, while reporting relatively unremarkable growth, is a good sign for small business hiring during a month that we typically see a hiring down-turn,” said Philip Noftsinger, Executive Vice President, CBIZ, Inc. “These findings also debunk some of the earlier theories that proposed the enhanced unemployment benefits were the leading factor causing labor shortages.”

The ADP and Moody’s employment report indicated growth in hiring among small-, medium- and large-sized companies. Its September reading showed an overall increase of 568,000 private-sector jobs for the month, a significant increase over the August report, with small businesses accounting for 63,000 of them on a seasonally adjusted, month-over-month basis. The ADP and Moody’s report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer.

The CBIZ SBEI reported robust hiring in the West (2.34%) region driven by a full economic reopening. The Central (0.01%) region showed relatively flat growth while it still battles the Delta variant. The Southeast (0.32%) also reported growth in September. The Northeast (-0.51%) was the only region to report a hiring decline.

On an industry level, the most notable increases were seen in Educational Services, Accommodations and Food Services, Transportation and Non-profit. Arts and Entertainment, Retail, and Healthcare saw decreases in hiring.

“Looking ahead, vaccine mandates might contribute to some hiring declines in regions and industries that are beginning to enforce vaccinations in companies of 100 plus employees,” added Noftsinger. “The September data is reassuring moving into the holidays when we hope to see seasonal growth.”

To view an infographic with data from the employment index, visit the CBIZ website.

Additional takeaways from the September SBEI include:

September’s snapshot: 22% of companies in the index expanded employment, 52% made no change to their headcounts and 26% reduced staffing.

Industries at a glance: Positive hiring gains were seen in Educational Services, Accommodations and Food Services, Non-profit and Transportation. Meanwhile, declines were reported in Arts and Entertainment, Retail, and Healthcare.

Geographical hiring: Regions experienced hiring increases include Central (0.01%), Southeast (0.32%), and West (2.34%) regions. The Northeast (-0.51%) was the only region to experience a hiring decline.

What’s next? Now that enhanced unemployment benefits have been rolled back and more of the population is vaccinated, this might be a boost for hiring trends as more people return to the labor market.

Editor’s note:

(1) The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on our work at https://www.cbiz.com.

Follow CBIZ on Twitter at @CBZ or on Facebook.

About CBIZ

CBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 Company offices in 31 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S. For more information, visit www.cbiz.com.

Contacts

Media
Kara Lester

Gregory FCA for CBIZ

Kara@gregoryfca.com
610-228-2104

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Davis Wright Tremaine’s Project W Completes Inaugural Tech Equity Hub Virtual Accelerator Program

Impressive nationwide cohort featured 10 Black and Latinx female entrepreneurs

NEW YORK–(BUSINESS WIRE)–Davis Wright Tremaine LLP is pleased to announce the completion of Project W’s inaugural Tech Equity Hub virtual accelerator program, which provided 10 Black and Latinx female founders the tools, resources and connections they need to build successful companies.

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“Tech Equity Hub is our newest initiative to unlock the power of pre-revenue tech companies founded by Black and Latinx women,” said Project W founder Lynn Loacker, partner-in-charge of DWT’s New York office. “These talented founders are innovating in education, healthcare and commerce to address some of the most intractable problems that underrepresented communities are facing. Without a doubt, these remarkable women will leave the world in a better place.”

The program’s full cohort included:

  • Tiffany Hosey – BuilDATAnalytics: Streamlining complex construction projects.
  • Laura Thomas – Effective to Great Education: Social emotional learning technology for underserved school communities.
  • Emily Brown – Free-From Market: Healthy food solutions to improve health and equity outcomes.
  • Sheena Franklin – K’ept Health: Virtual dermatological clinic providing culturally competent care.
  • Aireka Harvell – Nodat: Artificial intelligence to help small businesses drive sales.
  • Noelle Acosta – Noula: Affordable, at-home maternal wellness test kit and personalized pre- and postnatal care plans.
  • Mandy Bowman – Official Black Wall Street: Connecting consumers to Black-owned businesses.
  • Tope Mitchell – Reflekt Me: Personalizing ecommerce by size, body type, skin tone and hair texture.
  • Ashley Williams – RIZZARR, Inc.: Promoting brands through millennial- and Gen Z-created content.
  • Danielle Allen – Si · La · Bul: Video platform for cultural language learning.

During the 12-week program, which ended Sept. 30, the group engaged in workshops, one-on-one mentoring sessions, individualized coaching and tech deep dives, as well as community-building events. The expert faculty and accomplished mentors covered product design and evolution, marketing and sales, business strategy and finance, growth, legal, fundraising and personal development. All of the experts, investors and mentors were committed to help the founders build successful companies. Partners that generously shared their expertise and resources included Coalition Venture Studio, M12 (Microsoft’s venture capital fund), R/GA Ventures, Stripe and U.S. Bank.

“Tech Equity Hub was immensely helpful in solidifying my team’s growth. I love how the program focused on the development of every single department within a company,” said Ashley Williams, founder and CEO of RIZZARR, a tech-enabled content marketplace in which brands can find and work with over 5,000 millennial and Gen Z content creators worldwide. “I really think it’s so wonderful that these programs are being created to help women of color. There’s a lot of conversation going around about what women of color go through with startups, funding, and more, and until now, it’s been a lot of talk: Project W actually put it into action.”

Noula founder and CEO Noelle Acosta added: “As a founder, my background has mainly been in business development and go-to-market strategy, so getting exposure to so many different components of the startup journey has been really helpful. The most helpful part, for me, of Tech Equity Hub has been the fact that the faculty and mentors took the time to understand where I’m at in my startup journey as well as what I do well. I was paired with an investor and a mentor in my field who taught me practical and tangible skills.”

BuilDATAnalytics founder and CEO Tiffany Hosey said: “Tech Equity Hub was organized in a way that I never felt we were being shorted on any programming. For the entire program to focus on women of color, specifically Black and brown, and for Project W to pour all of the resources into the programming, it really felt like there was a sincere commitment to see all of us succeed. No other program in which I’ve been involved – from start to finish – has been comparable.”

About Project W

Project W is Davis Wright Tremaine’s commitment to help women build great companies, advance their careers and achieve parity in the boardroom and the workplace. Through its programming, partnerships with like-minded organizations and national network of over 2,500 founders, investors and executives, Project W is moving the needle in closing the gender equality gap and in advancing the careers and lives of women. For more information, visit https://www.dwt.com/about/project-w.

About Davis Wright Tremaine

Davis Wright Tremaine LLP is an AmLaw 100 firm with more than 600 lawyers representing clients based throughout the United States and around the world. For more information, visit www.dwt.com.

Contacts

Leora Goldfarb

Baretz+Brunelle

Lgoldfarb@baretzbrunelle.com

OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary 2

Isobar Public Sector Launches Minority-Owned Business Incubator

WASHINGTON–(BUSINESS WIRE)–#DEI–Isobar Public Sector, a dentsu international company, announced today the launch of a new minority-owned business incubator with Maryland-based firms. The goal of the partnership is to provide black-owned, 8a and minority-owned small businesses with technical support and resources to accelerate their operations, growth and go-to-market efforts in the public sector.

dentsu logo black

The program is part of Isobar Public Sector / Merkle and dentsu’s Economic Empowerment initiative. The firm has partnered with Maryland Black Businesses Matter organization, founded by Gregory Holmes, to identify black businesses currently working with U.S. federal, state and local governments. Following an initial matchmaking session, participating firms determine the type and level of support required. This may include business development, capacity building, proposal support, marketing efforts and/or administrative support.

“With this program, our goal is to make a difference for these firms and collectively improve not only their bottom line but also the careers and opportunities for both existing and prospective employees,” said Larry Gillespie, president, Isobar Public Sector. “Although we’ve just started, I’ve been amazed at the talent and creativity of all the firms. We are extremely fortunate to be working with Gregory, who brings a ton of passion and energy to the growth of black businesses in Maryland. This isn’t a typical mentor-protégé arrangement but a true collaboration. In fact, I find that it’s the larger firms in the relationship, like Isobar, that often learn the most.”

Collectively, the companies share a common focus and mission in delivering digital transformation, IT modernization and program management for government agencies. The collaboration often includes support of business development activities, proposals, white paper development and other activities. These efforts are supported by dentsu’s Global Technology Alliance partners, including Qualtrics, Salesforce, Adobe, Amazon, Google Global Technology practice and others.

Read the full press release here.

About dentsu:

Part of the dentsu group, dentsu international is made up of six leadership brands – Carat, dentsuX, iProspect, Isobar, dentsumcgarrybowen, Merkle and supported by its specialist brands. dentsu international helps clients to win, keep and grow their best customers and achieve meaningful progress for their businesses. With best-in-class services and solutions in media, CXM, and creative, dentsu international operates in over 145 markets worldwide with more than 45,000 dedicated specialists. Visit www.dentsu.com.

Contacts

Press:
Jennifer Ferguson

Chief Communications Officer, dentsu Americas

Jennifer.fergsuon@dentsu.com

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LASRE Partners with More than 30 LA Area Disadvantaged Small Businesses

LOS ANGELES–(BUSINESS WIRE)–Demonstrating a very strong commitment to diversity and opportunity in the transportation sector, Los Angeles SkyRail Express (LASRE) is partnering with 33 Disadvantaged Business Enterprises (DBEs) as it performs pre-development work on an innovative monorail transportation solution for LA’s traffic-congested Sepulveda Pass/405 Corridor between the San Fernando Valley, Westside, and ultimately LAX.


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Going beyond meeting minimum requirements called for in its Pre-Development Agreement (PDA) contract with the Los Angeles County Metropolitan Transportation Authority (Metro), LASRE is proactively affording every practicable opportunity for the DBE community to participate in the Sepulveda Transit Corridor Project.

“Diversity and inclusion are core values for the LASRE team,” said Teresa Maxwell, LASRE DBE Liaison Manager. “DBEs are an integral part of the team and the LASRE Academy workshops and DBE mentoring plan demonstrate our commitment to including small minority and women-owned firms and supporting them throughout every phase of the project so they are successful.”

The LASRE team is comprised of several of the nation’s and the world’s leading transportation, construction, engineering, finance, and technology companies. This predominantly local team is led by John Laing, Skanska, BYD, Gensler, HDR, ACI, and Innova.

Each firm is either headquartered in Los Angeles or has a major regional center here. Combined, the team employs over 2,300 workers in the Los Angeles metro area.

LASRE’s DBE Contracting Outreach and Mentoring Plan builds further upon this commitment by engaging individual DBEs as protégés in a customized Mentor-Protégé Program that addresses their unique needs and focuses on helping the DBE protégés meet strategic business objectives. Additionally, through the LASRE Academy, workshops will be offered to DBE teaming partners to ensure capacity building opportunities are available to small businesses on the project.

If ultimately selected as Metro’s preferred team and technology, LASRE proposes to link the historically underserved San Fernando Valley to the Westside transportation and education hubs, including options to connect directly with UCLA, with a straddle monorail system that runs on narrow guide beams that both support and guide the trains.

Straddle-type urban monorail is proven to provide safe, comfortable and reliable transportation in dense urban areas all over the world, with the International Monorail Association listing straddle-type urban monorail transit systems in 42 cities worldwide, moving millions of passengers per day.

LASRE team members have worked on several such projects. For example, the Team’s lead structural engineering firm, Innova, itself a certified DBE, has provided structural design services on new monorail systems under construction in some of the world’s largest cities, including Bangkok, Cairo, and Sao Paulo. Further, BYD has extensive experience with such systems, including 14 contracted straddle-type monorail and automated people mover systems in operation, construction, or planning, in both Asia and the Americas.

In addition, LASRE technology supplier BYD also is a member of two teams that have been short-listed to build advanced technology automated people mover projects on the East Coast. BYD is part of Liberty Integrated Connectors, a team vying to build, operate, and maintain a new AirTrain system at Newark Liberty International Airport in New Jersey; and also is a member of The LaGuardia Connectors, a team vying to build, operate, and maintain an AirTrain system for New York’s LaGuardia Airport.

Finally, LASRE’s selected lead construction company, Skanska, has compiled a very strong track record of success in Los Angeles County, both as a builder of several of Metro’s rail rapid transit lines, and as the builder of many Caltrans and local highway and bridge projects, employing thousands of local construction workers and many DBE firms.

Disclaimer

Because Metro has not completed a CEQA review, the information contained herein does not constitute or evidence an approval by Metro of, or commitment of Metro to, any action for which prior environmental review is required under CEQA. Metro retains the absolute sole discretion to make decisions under CEQA, which discretion includes, without limitation (i) deciding not to proceed with the Project (known as the “no build” alternative) and (ii) deciding to approve the Project. There will be no approval or commitment by Metro regarding the development of the Project, unless and until Metro, as the Lead Agency, and based upon information resulting from the CEQA environmental review process, considers the impacts of the Project.

Contacts

Jim Skeen

Jim.skeen@byd.com