Richmond Ad Club honors Elevation owners (Times-Dispatch)
In a business largely driven by big egos, Aaron Dotson and Frank Gilliam prefer to avoid the spotlight.
Small biz lending fund has gone nowhere (Inside Business)
The biggest problem is a lack of qualified, low-risk small-business borrowers. The recession has left too many small businesses with an inability to prove to banks that they have the ability to repay the loans.
Betting on Change (Slate)
If a firm’s bottom line is going to be affected by a changing climate—say, when its supply chains dry up because of drought, or its real estate gets swamped by sea-level rise—then it doesn’t particularly matter whether or not the executives want to believe in climate change. Railing at scientists for massaging tree-ring statistics won’t stop the globe from warming if the globe is actually, you know, warming. The same applies in reverse, as the folks at Beluga Shipping adroitly realized: If there are serious bucks to be made from the changing climate, then the free market is almost certainly going to jump at it.
A Difficult Path in Goldman Case (NY Times)
Rather than asserting that Goldman misrepresented a product it was selling, the most commonly used grounds for securities fraud, the Securities and Exchange Commission said in a civil suit filed Friday that the investment bank misled customers about how that product was created. It is the rough equivalent of asserting that an antiques dealer lied about the provenance, but not the quality, of an old table.
Commercial real estate market starts to perk up (USA Today)
Prices of commercial property are up slightly compared with last fall. Loan modifications have risen sharply the past six months. Commercial mortgage-backed securities (CMBS), a big funding source that was comatose for two years, has come to life recently.
8 Ways to Foster Innovation (Inc.)
Creativity fosters innovation, but how can you ignite creative sparks within your organization? We’ve compiled lessons on developing and maintaining a vibrant research and development strategy.
When Expenses Are Really Investments (Entrepreneur)
The key is to know and understand the difference between what is an expense to your business and what is an investment in your business.