Alberta small business confidence drops again in January, CFIB says

The Morinville News | January 31, 2020

Alberta’s small business confidence dropped 1.3 points in January to an index of 37.0, according to the latest Business Barometer results from the Canadian Federation of Independent Business (CFIB). Far behind the national average of 55.3 points, Alberta remains the province with the lowest business confidence in the country. The business organization considers an index score of 65 to 70 as indicative of a strong economy, both nationally and provincially. “Alberta small business confidence declined slightly in January 2020 compared to the large drops in November and December 2019,” said CFIB’s Alberta Policy Analyst Keyli Kosiorek. “This slight decline signifies that Alberta’s small businesses may be a bit more hopeful about the province’s economic prospects heading into 2020, but confidence still remains quite low. Rising costs, such as property taxes, the federal carbon tax and the health of the oil and gas industry continue to weigh heavily on small businesses.”

Spotlight

With Atomico’s calculation of 6.3 billion-dollar companies per million people, Stockholm is the second most prolific tech hub p.c. globally, after Silicon Valley (then 8.1) Sign the Swedish Startup Manifesto, created by 14 prominent Swedish startup people, to raise awareness of where Sweden can improve including Swedes from Spotify, King & Delivery Hero, to get their perspectives on the journey to international success. The annual Swedish Startup Infographic is created by SUP46 (Startup People of Sweden). Startup Hub SUP46 is a member based community and is home to Sweden’s next startup stars. Thanks to the world-class ecosystem of investors, mentors and partners, SUP46 provides its members with competitive advantage. It is also an open meeting place for the whole startup scene.


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MANAGEMENT

Capital CDC Supports Local Economic Development and Business Resources in New Mexico

Capital CDC | September 27, 2022

Capital CDC strives to make a difference in the communities we serve through unwavering advocacy and reinvestment in local economic development.Recently, Capital CDC donated $15,000 to WESST, a non-profit, small business development and training organization committed to growing New Mexico's economy by cultivating entrepreneurship. Since 2013, Capital CDC has provided financial donations to non-profits and economic development organizations in New Mexico totaling $124,500. Capital CDC contributes to these types of organizations annually to help grow the resources available for small businesses in New Mexico. "We are so grateful for the generous gift we recently received from Capital CDC! Thank you for supporting WESST's transformational work with New Mexico small businesses. With this support, WESST continues providing supportive business services and access to capital for the diverse entrepreneurs who need it most. This work wouldn't be possible without partners like you!" Katie Knipe, VP of Development at WESST.

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MARKETING AND NETWORKING

Wrapmate makes it easier for franchises to brand their vehicles

Wrapmate | September 29, 2022

Wrapmate is excited to announce that it's bringing its vast network of over 1,400 vehicle graphics professionals to franchisors nationwide in an all-new product offering for franchises to receive vehicle wraps for all their company vehicles across all U.S. markets. Now, franchisors nationwide can wrap anywhere from one to 10,000 vehicles quickly and efficiently, in every major market.Wrapmate's Franchise Wraps and Graphics Program meets franchises where they're at with an out-of-the-box solution to handle all things graphics. Entrepreneurs enter the franchise business with the expectations of marketing and operations already being pre-set and on autopilot. Franchises can now have their mind at ease knowing that wrapping franchisee vehicles is just as easy. The core components of Wrapmate's turnkey program provides all U.S.-based franchisors with flexible pricing, branding consistency, standardized logistics and nationwide installation coverage for wraps & graphics on any vehicle type or quantity. Wrapmate's flexible pricing structure ensures zero costs are charged to the corporate entity, including no setup costs or monthly management fees. Franchisors are simply responsible for sharing the vehicle graphics program to their franchisees, and Wrapmate handles everything else. Franchisors not only benefit from beautiful vehicle branding and endless marketing value, but a promising strategy for fueling additional growth across current and new franchisee markets. Included in the program comes a ready-to-use ordering platform where franchisees can visit a co-branded website to choose their vehicle, graphic size, creative theme and then instantly place an order for new vehicle graphics. Wrapmate can also facilitate other large format printing and installation like window signage, wall murals and floor graphics at any or all franchisee locations. "We are beyond excited to provide franchisors across all U.S. markets with the effortless ability to offer wraps and graphic products to their franchisees, no matter where they are located, Thanks to Wrapmate's logistical prowess behind-the-scenes, we can ensure color consistency, branding perfection and flawless installation across every single franchisee's wrap project." Javier Lozano Jr., Chief Marketing Officer of Wrapmate Jeremy Seiley, a franchisee of That 1 Painter based in Houston, Texas, says, Working with Wrapmate to put wraps on both my franchise vehicles has been incredibly simple and streamlined. Since getting my wraps completed, I literally have potential customers approaching my vehicles on a daily basis asking for price quotes and it's grown my sales pipeline substantially. Franchisees, in many cases small business owners, are generally not familiar with how onsite and offsite graphics have a very positive impact on the business growth, nor do they know where to go to get these solutions. A one stop shop for graphics, facilitates the adoption of 3M trusted graphic solutions in this market segment, hence continuing to grow the overall graphics industry, shares Carolina Bautista-Brown, 3M Segment Marketing Senior Manager. About Wrapmate Wrapmate is an all-in-one digital platform for business owners and consumers to get their vehicle wraps & graphics projects designed, produced and installed in any city across the U.S. Utilizing Wrapmate's advanced technologies, customers can visualize, purchase and even finance their vehicle graphics in the simplest way possible. Additionally, Wrapmate supports a nationwide network of over 1,400 vetted graphic professionals known as Wrapmate Pros, providing them with local customer projects and solutions to grow their business. To learn more, visit wrapmate.com. About 3M 3M believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's

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FINANCE, BUSINESS STRATEGY

Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance

Counterpart | September 16, 2022

Counterpart, the AI-driven management liability insurtech for small businesses, today announced the launch of Crime insurance. The policy can be purchased on a standalone basis or packaged with its existing Directors & Officers, Employment Practices, and Fiduciary insurance lines. Backed by Aspen, the Crime insurance expansion reinforces Counterpart’s commitment to using its cutting-edge technology to address critical exposures of small businesses.Employee theft costs businesses $50 billion annually, and costs are rising at a rate of 15% per year, according to the U.S Department of Commerce. The new offering helps identify employee theft and social engineering perils by utilizing Counterpart’s proprietary machine learning-based underwriting system, which includes employee sentiment analysis, as well as proactive risk mitigation guidelines. “Small businesses often lack the internal auditing and risk management capabilities of larger businesses, which can make them more susceptible to Crime risk. Our extensive underwriting experience, proprietary data infrastructure, and increased market presence have enabled us to craft a Crime product that complements our existing insurance lines,We are grateful for the continued support of the well-respected team at Aspen, along with many of our broker partners, who have helped us develop a very competitive product.” Mike Levins, Head of Insurance at Counterpart Crime insurance is available for small businesses with less than 250 employees and less than $100 million in revenue and total assets through Counterpart’s wholesale broker partners. “Counterpart continues to impress CRC Group and the brokerage community with its effective and efficient quoting and binding tools. Now, with their Crime capabilities, we can rely on Counterpart as a one-stop shop for comprehensive management liability coverage for our valued Insureds,” said Dan Lazarz, Director, CRC - ExecPro Group. “Counterpart has established an impressive track record of innovation,” said Zac Clammer, Executive Vice President, Management Liability at Aspen. “We are pleased to continue developing our partnerships with Counterpart across the growing portfolio of excess and primary small business insurance products that we are bringing to market.” Small businesses should contact their broker about Counterpart insurance coverage and can learn more about Counterpart’s products and services by visiting: yourcounterpart.com About Counterpart Counterpart is an AI-driven management liability insurance solution for the 21st century workplace. The company offers modern Directors & Officers, Employment Practices, Excess and Fiduciary products for small businesses. Through data mining and advanced analytics, the company's rating systems measure risk more efficiently while requiring less information from the broker and applicant. Counterpart’s distinctive approach to underwriting is complemented by a suite of products and services that help brokers and insureds proactively manage exposures throughout the term of the policy. For more information, visit yourcounterpart.com About Aspen Insurance Holdings Limited Aspen provides insurance and reinsurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the United Kingdom, and the United States. For the year ended December 31, 2021, Aspen reported $13.8 billion in total assets, $7.6 billion in gross reserves, $2.8 billion in total shareholders’ equity, and $3.9 billion in gross written premiums. Aspen's operating subsidiaries have been assigned a rating of “A-” (Strong) by Standard & Poor’s Financial Services LLC and an “A” (“Excellent”) by A.M. Best Company Inc.

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MARKETING AND NETWORKING

ShopBIPOC launches free online marketplace featuring BIPOC small business owners

ShopBIPOC | November 18, 2022

ShopBIPOC has launched a new online marketplace featuring BIPOC-owned small businesses in Colorado. (BIPOC is an acronym for Black, Indigenous, and People of Color). The creation of ShopBIPOC was a response to calls from individuals, businesses, and institutions who wanted to support BIPOC-owned businesses and didn't have access to a central marketplace. So, twelve community organizations came together to create the ShopBIPOC platform an online marketplace where conscientious consumers can shop with Colorado's BIPOC-owned businesses. For the first time, Colorado consumers will have a new opportunity to invest their dollars into businesses owned by BIPOC entrepreneurs in an easy-to-access and shop platform. This holiday season, Americans are expected to spend an average of $932 on gifts, up from an average of $837 last year (Gallup, October 2022). According to the U.S. SBA, Hispanic entrepreneurs comprise 11.1 percent of business owners in Colorado, and BIPOC entrepreneurs comprise 7.4 percent. ShopBIPOC is where Colorado shoppers can buy from nearly 200 local, BIPOC-owned businesses. "People have a real appetite for buying from local small businesses right now, but they can be hard to identify and find, We care about closing the racial wealth gap and lifting entrepreneurs of color. We created ShopBIPOC to connect local BIPOC-owned small businesses with a wider market." Yessica Holguin, Executive Director of Center for Community Wealth Building, one of ShopBIPOC's twelve founding organizations. This platform also supports these entrepreneurs in establishing and strengthening their digital presence and connecting with new consumers that may have never had access to them. Restaurateur Edwin Sandoval of Xatrucho Concepts shared, ShopBIPOC has been a valuable resource to Xatrucho in many ways, primarily in helping us reach and connect with government offices and organizations that are looking to diversify their purchasing.ShopBIPOC is free for business owners to list their businesses and accessible for consumers to shop and explore. About ShopBIPOC Through a collaborative effort of twelve community organizations led by the Center for Community Wealth Building, ShopBIPOC was launched in the Fall of 2022 to connect consumers with BIPOC-owned businesses through an online marketplace.

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Spotlight

With Atomico’s calculation of 6.3 billion-dollar companies per million people, Stockholm is the second most prolific tech hub p.c. globally, after Silicon Valley (then 8.1) Sign the Swedish Startup Manifesto, created by 14 prominent Swedish startup people, to raise awareness of where Sweden can improve including Swedes from Spotify, King & Delivery Hero, to get their perspectives on the journey to international success. The annual Swedish Startup Infographic is created by SUP46 (Startup People of Sweden). Startup Hub SUP46 is a member based community and is home to Sweden’s next startup stars. Thanks to the world-class ecosystem of investors, mentors and partners, SUP46 provides its members with competitive advantage. It is also an open meeting place for the whole startup scene.

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