Madison Business – HSMC Ohio http://hsmcohio.com/ Fri, 24 Sep 2021 04:22:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hsmcohio.com/wp-content/uploads/2021/04/default-150x150.png Madison Business – HSMC Ohio http://hsmcohio.com/ 32 32 Barneys heir prepares explosive revealing book on retailer’s disappearance https://hsmcohio.com/barneys-heir-prepares-explosive-revealing-book-on-retailers-disappearance/ https://hsmcohio.com/barneys-heir-prepares-explosive-revealing-book-on-retailers-disappearance/#respond Thu, 23 Sep 2021 21:10:00 +0000 https://hsmcohio.com/barneys-heir-prepares-explosive-revealing-book-on-retailers-disappearance/ An heir to the fallen luxury empire Barneys plans to write an explosive revealing book about the retail icon’s demise, sources said – and he’s pointing fingers at the rest of his family. Bob Pressman – whose now-defunct grandfather Barney Pressman founded the channel in 1923 – is in talks with publishers to talk about […]]]>

An heir to the fallen luxury empire Barneys plans to write an explosive revealing book about the retail icon’s demise, sources said – and he’s pointing fingers at the rest of his family.

Bob Pressman – whose now-defunct grandfather Barney Pressman founded the channel in 1923 – is in talks with publishers to talk about his elderly mother and siblings in a sensational talk that chronicles the family’s excesses and recounts how she lost control of the business, The Post learned.

According to an inflammatory two-page proposal for the book obtained by The Post, Fred Pressman – who organized the transformation of his father’s menswear business into a luxury mecca in the 1960s – was “a good person and nice “who” was quite close to her parents “and who” worked 7 days a week “.

However, the proposal also claims that Fred Pressman “had a very long affair with a well-known Parisian. Fred established a Paris office for Barneys New York… which made the Paris business convenient and frequent visits to France easy to justify.

Fred Pressman’s wife, Phyllis, “found out about the case but never told Fred to avoid any interruptions in his glamorous lifestyle or Fred’s continuing cash flow,” the proposal claims. .

Bob Pressman, who declined to comment on the proposal when contacted by The Post, has “been sitting on these crazy stories for 50 years” and “is fed up with hiding the truth about his family,” according to a source close to the situation. . He is 67 years old and is now semi-retired from Triton Equity Partners LLC – a retail investment firm, according to his LinkedIn page. He lives in Greenwich, Connecticut.

Fred Pressman, son of Barneys founder Barney Pressman, is said to have been a kind and hardworking man, but who had a long-term affair with a Parisian woman and opened a Barneys office in France to justify his frequent trips to the country. , according to a new book proposal.
Bettmann Archives / Getty Images

Phyllis Pressman – who recently listed the Hamptons beach house she and her late husband built 40 years ago for $ 52.5 million – will be a prime target of the book, according to the proposal. Fred Pressman died in July 1996 – six months after his sons Gene and Bob filed Barneys in bankruptcy court over an overly aggressive expansion. Since then, Bob has had only intermittent contact with his mother, according to the source.

Fred is described as “a wealthy, classy guy” who “grew up among the upper crust of Central Park West and dated society and the WASP-y women in Manhattan”. But according to the book proposal, his mother “wanted him to marry a middle-class Jewish woman.”

A “blind date” brought together Fred and Phyllis

Fred and Phyllis met “on a blind date in New York City” when Phyllis was 19, according to the proposal. They married a few months later and raised four children in a 28-room mansion in Purchase, NY, which had a pool, tennis court and in-home staff, according to the proposal.

A black and white photo of Phyliss Pressman seated with porcelain in the background
Phyllis Pressman, the author’s mother and wife of Fred Pressman, seen in this 1993 photo, will be a prime target of the book, according to the book proposal.
Michael Schwartz / New York Post

The proposal goes on to claim that Phyllis “ran the Pressman house in Purchase like a dictatorship.” Contacted by The Post this week, Phyllis Pressman, 92, disputed the claims in a telephone interview.

These included the assertion of the proposition that she had grown up on the outskirts of Long Island, in Hewlett, in the five cities. In fact, she says, she grew up in Cedarhurst and Lawrence. She also made it clear that she was 20 when she and Fred got married.

“Fred was the love of my life,” Phyllis Pressman told The Post. “She was a very unique person.”

Gene Pressman in a tuxedo standing next to a model wearing a dress
The book claims that Bob Pressman’s older brother Gene Pressman’s lavish design for Barneys New York’s flagship product on Madison Avenue went over budget by more than $ 200 million.
Getty Images

The book proposal also targets Bob Pressman’s older brother, Gene. The couple ran Barneys as co-CEOs in the 1990s, with Robert overseeing finance and Gene taking on the most visible and glamorous roles as the face of the company, attending exclusive parties with luminaries from around the world. fashion, including Vogue editor Anna Wintour.

“Gene was reckless with money and women,” the book proposal states, adding that he had a tough lifestyle and “was known to hang out at Studio 54 in Manhattan.”

On the business side, the book claims that Gene Pressman’s lavish design for the
Barneys New York’s flagship product on Madison Avenue is over $ 200 million over budget.

Shoppers looking through men's suits and shoes inside Barneys in the 1980s
Fred Pressman is renowned for designing the transformation of his father’s menswear business into a luxury mecca.
New York Post

Subsequently, Barneys was forced into bankruptcy, the book proposal claims. “Gene didn’t care because he was living under the multiple illusions of his failed success and smugness.”

An expansion plan that some qualify as too aggressive

In addition to lavish spending, press reports on Barneys’ 1996 bankruptcy cited an overly aggressive expansion plan and a difficult relationship with a Japan-based business partner. In a statement to the Post, Gene Pressman hit back, denying accusations of the book proposal.

“It’s sad that Bob has such a relaxed relationship with the truth, one of the many reasons our family is so disappointed in him,” said Gene Pressman. “Thanks to the love and support I received from my family, I have been fortunate enough to live a life dedicated to supporting the arts, creating beautiful things, cultivating innovative ideas.”

Shoppers look at the wares inside Barneys
Barneys was an iconic source for luxury fashion before filing for bankruptcy.
Frank Leonardo / New York Post

Pressman’s older brother added that, “As far as Barneys is concerned, Bob conveniently forgets that he was in fact the co-CEO responsible for the financial stability of the company, a role in which, by all means, he massively failed. “

The book proposal, on the other hand, claims that Bob “quarreled with his family all the time while building the Barneys New York Madison Avenue store,” protesting the huge tab that was being racked up.

Sisters Nancy and Elizabeth sue Bob

Three years after filing for bankruptcy in 1996, Bob was slapped by his sisters, Nancy Pressman-Dressler and Elizabeth Pressman-Neubardt, who accused him of stealing $ 30 million from them, claiming he had taken more than its fair share of the business in the reorganization. The sisters had worked as buyers in the company.

The exterior of the Barney's building in 1983
The iconic Barneys building seen in 1983.
Robin Graubard / New York Post

“The Pressman sisters are trying to reinvent issues that were carefully considered and resolved or dismissed in conjunction with the Barneys Inc. Chapter 11 case upheld by bankruptcy court over six months ago,” Bob Pressman said in a statement. at the time. “They just don’t like this result,” he added.

A New York judge awarded the sisters $ 11.3 million in 2002. Their brother appealed the verdict. The book promises unreported details of more than three years of litigation that followed, according to a source.

Nancy Pressman “was known to be very loud and opinionated publicly. She
dropped out of college, ”says the book proposal. Liz Pressman “was the spoiledest and the youngest,” the proposal claims, adding that she enjoyed “spending her daddy’s money.”

Nancy declined to comment. Liz did not respond to a request for comment.

As for Bob Pressman, the proposition says that he “was known as the boring one because he didn’t like to party all night long… He was left alone and felt that the other three children were obnoxious and spoiled kids… Bob liked it. say he was “the adopted” because he felt like he was from another family. “

It is not clear whether the book will delve into recent Bob Pressman titles. In 2017, court documents revealed he had a hot affair with a 38-year-old woman he met at a resort in San Juan, Puerto Rico. Pressman claimed North Carolina woman Anna Purcell left their $ 17,000-per-month rental home in Greenwich after suffering a stroke, forcing him to call 911 himself and withdraw thousands of dollars from his wallet while in hospital.

Purcell – who Pressman said had accepted gifts including a $ 127,300 Cartier engagement ring and $ 40,000 for a Jeep Grand Cherokee – claimed in court documents that she was unaware Pressman was married to the ‘era. After Pressman dumped her, he claimed she tried to extort more than $ 12 million from him, threatening to tell his wife about the matter. Purcell’s lawyer called Pressman’s allegations “total fabrication.”

Purcell died in 2019, according to public documents, which did not disclose the cause of death.

Pressman’s book would be only the second written about his family and Barneys, which filed for bankruptcy for the second time in August 2019, wound up his business and sold his brand to a licensing company for $ 270 million. In 1999, William Morrow published “The Rise and Fall of the House of Barneys: A Family Tale of Chutzpah, Glory and Greed”, by Joshua Levine, but without the cooperation of the Pressman.

While the book is still in its infancy, Pressman has had preliminary contact with many publishers, according to the source. He is preparing for a possible litigation to stop the publication, but “wants to publish his story,” the source added.


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Lava spread raises fears of further damage on Spanish island | World news https://hsmcohio.com/lava-spread-raises-fears-of-further-damage-on-spanish-island-world-news/ https://hsmcohio.com/lava-spread-raises-fears-of-further-damage-on-spanish-island-world-news/#respond Thu, 23 Sep 2021 12:51:34 +0000 https://hsmcohio.com/lava-spread-raises-fears-of-further-damage-on-spanish-island-world-news/ Lava from a volcanic eruption flows over the island of La Palma in the Canary Islands, Spain, Thursday, September 23, 2021. A volcano on a small Spanish island in the Atlantic Ocean erupted on Sunday, forcing the evacuation of thousands of people. Experts say the volcanic eruption and its aftermath on a Spanish island could […]]]>

By RENATA BRITO and BARRY HATTON Associated Press

TODOQUE, Canary Islands (AP) – The advancing lava from a volcanic eruption in Spain’s Canary Islands slowed considerably, raising fears on Thursday that it would spread further across the country and destroy more homes instead to jump into the sea.

A giant 600-meter-wide river of lava slowed to four meters (13 feet) per hour after reaching a plain on Wednesday. On Monday, a day after the eruption on the island of La Palma, it was moving at 700 meters (2,300 feet) per hour.

Stavros Meletlidis, a volcanologist at the Spanish National Geographical Institute, said the dynamics of any eruption are constantly changing.

“The lava moves very slowly because it cools on contact with the atmosphere, by friction with the soil and construction materials and, above all, because its leading edge widens,” he told Radio Televisión Canaria.

As she slowed down, the lava thickened as well. In places, it stood as high as 15 meters (50 feet), authorities said. The lava now covers 166 hectares (410 acres) and has engulfed around 350 homes.

The slowing lava allowed more townspeople on its way to collect their belongings, with Guardia Civil police escorting them to their homes in Todoque, near the coast, on Thursday morning.

The Guardia Civil said seismic activity in the area, which increased before the eruption and remained strong, has stabilized.


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Biden meets Democrats as $ 3.5 million plan faces party division | national news https://hsmcohio.com/biden-meets-democrats-as-3-5-million-plan-faces-party-division-national-news/ https://hsmcohio.com/biden-meets-democrats-as-3-5-million-plan-faces-party-division-national-news/#respond Wed, 22 Sep 2021 19:57:46 +0000 https://hsmcohio.com/biden-meets-democrats-as-3-5-million-plan-faces-party-division-national-news/ Publicly, the White House has remained confident that both bills will pass, and Democratic leaders are moving forward as they draft the details. Tensions are high because Biden’s agenda is a key campaign promise not only from the president but most Democratic lawmakers, including those in the House who are re-elected next year. In total, […]]]>

Publicly, the White House has remained confident that both bills will pass, and Democratic leaders are moving forward as they draft the details.

Tensions are high because Biden’s agenda is a key campaign promise not only from the president but most Democratic lawmakers, including those in the House who are re-elected next year.

In total, more than 20 lawmakers were invited to confer with Biden, moderates and progressives in separate meetings extending into the evening, making their best arguments. Key centrist Senators Joe Manchin of West Virginia and Kyrsten Sinema of Arizona were to be among them.

Despite the differences, many Democrats say they expect the end product to align with Biden’s larger vision and ultimately have strong party support, even if that version is tweaked or downsized.

“These are really popular things,” said Rep. John Yarmuth of Kentucky, chairman of the Budget Committee.

On Capitol Hill, Biden’s communications director Kate Bedingfield gave a 24-page presentation to House Democrats, much of which focused on the package’s potential economic benefits and popularity with voters, according to a person who was granted anonymity to discuss the private session.

But highlighting the work ahead, Rep. Debbie Dingell, D-Mich., Told her colleagues that “none of this matters unless we do it,” the person said.


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House OKs Debt and Financing Plan, urging to face the GOP | national news https://hsmcohio.com/house-oks-debt-and-financing-plan-urging-to-face-the-gop-national-news/ https://hsmcohio.com/house-oks-debt-and-financing-plan-urging-to-face-the-gop-national-news/#respond Wed, 22 Sep 2021 01:17:31 +0000 https://hsmcohio.com/house-oks-debt-and-financing-plan-urging-to-face-the-gop-national-news/ Mark Zandi, chief economist at Moody’s Analytics, warned that if lawmakers allowed federal debt default, “this economic scenario is cataclysmic.” In a report released by Democrats, Zandi warned that a potential slowdown in government funding cuts would cost 6 million jobs and that stock market losses would wipe out $ 15 trillion in household wealth. […]]]>

Mark Zandi, chief economist at Moody’s Analytics, warned that if lawmakers allowed federal debt default, “this economic scenario is cataclysmic.”

In a report released by Democrats, Zandi warned that a potential slowdown in government funding cuts would cost 6 million jobs and that stock market losses would wipe out $ 15 trillion in household wealth.

Once a routine affair, raising the debt ceiling has become a political weapon of choice for Republicans in Washington since the arrival in 2011 of Tea Party lawmakers who refused to allow the increase. At the time, they opposed increased spending and the deadlock sparked a budget crisis.

Echoing this strategy, McConnell is setting the tone for his party, but some GOP senators might struggle to vote no.

Republican John Kennedy of Louisiana, whose state was hit by the hurricane and who is running for office next year, said he would likely vote for the increase. “My people are in desperate need of help,” he said.

White House press secretary Jen Psaki told reporters that “in our opinion this should not be a controversial vote.” Psaki said Congress has raised the debt ceiling several times on a bipartisan basis, including three times under President Donald Trump.

Representative Rosa DeLauro, the Democratic chair of the House Appropriations Committee, was forced to introduce another version of the bill on Tuesday after some members of the Democratic caucus opposed the inclusion of a billion dollars for Israel’s Iron Dome defense system, which uses missiles to intercept short-range rockets have been fired into the country.


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Madison Marie Kirk – Davie County Business File https://hsmcohio.com/madison-marie-kirk-davie-county-business-file/ https://hsmcohio.com/madison-marie-kirk-davie-county-business-file/#respond Tue, 21 Sep 2021 14:07:15 +0000 https://hsmcohio.com/madison-marie-kirk-davie-county-business-file/ Miss Madison Marie Kirk, 25, of Farmington Road, Mocksville, died on Friday, September 17, 2021 at Atrium Health Wake Forest Baptist Medical Center in Winston-Salem. She was born on February 19, 1996 in Rowan County to the late Ronald Claude Kirk and Susan Gentry Kirk. She graduated with honors from Appalachian State University in May […]]]>

Miss Madison Marie Kirk, 25, of Farmington Road, Mocksville, died on Friday, September 17, 2021 at Atrium Health Wake Forest Baptist Medical Center in Winston-Salem.

She was born on February 19, 1996 in Rowan County to the late Ronald Claude Kirk and Susan Gentry Kirk.

She graduated with honors from Appalachian State University in May 2020, earning a bachelor’s degree in commercial photography. She ran her own photography business, Maddie Marie Photography. She attended Rescue House Church, where she was part of the production team. She was talented and cherished her family and friends and always had a smile on her face. Her kind and gentle manners influenced everyone who knew her.

She was also predeceased by: her paternal grandparents, Claude and Mary Kirk; her maternal grandfathers, Lewis Gentry and Jeff Tiller; and a little brother, Ronald William Kirk.

Survivors: his mother; 2 sisters, Lauren Melissa Kirk and Brettly Meredith Kirk, all of Mocksville; a maternal grandmother, Melba Tiller of Nacogdoches, Texas; one niece, Abigail Caroline; an uncle, Bill Gentry of Alabama; many family members in Texas; and a lot of friends.

The family will receive friends from noon to 2 p.m. on Friday, September 24 at the Eaton Funeral Home. A funeral service will be held Friday at 3 p.m. at the Westlawn Gardens of Memory in Clemmons, with Pastor Matt Hudson as officiant. A Celebration of Life will be held at 4 p.m. on Sunday, September 26 at Rescue House Church in Mocksville.

Memorials: Rescue House, 653 Wilkesboro Street, Mocksville.

Condolences: www.eatonfuneralservice.com.


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Madison Technologies Achieves Cisco Operational Technology Value-Added Reseller Status https://hsmcohio.com/madison-technologies-achieves-cisco-operational-technology-value-added-reseller-status/ https://hsmcohio.com/madison-technologies-achieves-cisco-operational-technology-value-added-reseller-status/#respond Tue, 21 Sep 2021 01:48:19 +0000 https://hsmcohio.com/madison-technologies-achieves-cisco-operational-technology-value-added-reseller-status/ Madison Technologies has signed an agreement with IT company Cisco to become an operational technology value-added reseller for Australia and New Zealand. Madison Technologies says the collaboration is focused on delivering communication solutions with Cisco Industrial Internet of Things (IoT) technologies, to protect people, assets and environments with real-time visibility, security and automation . Madison […]]]>

Madison Technologies has signed an agreement with IT company Cisco to become an operational technology value-added reseller for Australia and New Zealand.

Madison Technologies says the collaboration is focused on delivering communication solutions with Cisco Industrial Internet of Things (IoT) technologies, to protect people, assets and environments with real-time visibility, security and automation .

Madison Technologies CEO Paul Calabro and Cisco APJC IoT Regional Director Ross Delacour unveiled and showcased the latest Cisco IoT technologies in Brisbane River under the Gateway Bridge.

“Becoming a Cisco partner is a crucial step in our 30-year legacy connecting critical OT networks in Australia and New Zealand,” commented Calabro. “Through this collaboration, we are able to strengthen our industrial offering and provide extensive capabilities, applications and information to our valued customers and target markets.




“Cisco Partner Status is recognition of Madison Technologies’ incredible 30-year pedigree in the industrial sector and delivers exceptional value to its customers by putting them at the heart of everything they do,” Delacour responded.

As the convergence of IT and OT integration accelerates, it is vital for organizations to understand how this convergence aligns with business initiatives in security, environment, digitalization, cost management and sustainable growth to implement industrial IoT solutions, says Madison Technologies.

“The collaboration with Madison Technologies is an incredible opportunity for Cisco to expand into the OT field in Australia and New Zealand,” said Delacour.

Cisco IoT provides networking and security capabilities, infrastructure, visibility, and control. With full data visibility, real-time decisions can be made to improve operational efficiency, while reducing the risk of cybersecurity threats to OT systems.

“Cisco’s end-to-end IoT architecture demonstrates the benefits of implementing integrated industrial IoT solutions that deliver critical insight and insight into data,” notes Paul Calabro.

Acubis Managing Director Chris Acton, a Madison Technologies customer, commented: “The collaboration with Cisco complements Madison Technologies’ already exceptional industrial offering.

“Cisco is undoubtedly one of the leading experts in IT / OT architecture and Madison Technologies has the technical and industrial expertise to make digital transformation a reality in critical operational environments,” he said.

Cisco is the global technology leader in networking, cybersecurity and IoT technologies. Madison Technologies is an Australia-owned and operated B2B company providing secure connectivity solutions and providing innovative go-to-market capabilities for commercial and industrial communications applications.

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There is still time to name the best places to work in the region | Economic news https://hsmcohio.com/there-is-still-time-to-name-the-best-places-to-work-in-the-region-economic-news/ https://hsmcohio.com/there-is-still-time-to-name-the-best-places-to-work-in-the-region-economic-news/#respond Mon, 20 Sep 2021 13:34:27 +0000 https://hsmcohio.com/there-is-still-time-to-name-the-best-places-to-work-in-the-region-economic-news/ If you’ve been slow to name a great Madison-area employer as one of the Wisconsin State Journal’s Best Workplaces for 2022, there’s good news – you’ve just got more time. The deadline for appointing extraordinary employers in Dane, Sauk, Columbia and Rock counties has been extended to October 29. For the fourth year in a […]]]>

If you’ve been slow to name a great Madison-area employer as one of the Wisconsin State Journal’s Best Workplaces for 2022, there’s good news – you’ve just got more time.

The deadline for appointing extraordinary employers in Dane, Sauk, Columbia and Rock counties has been extended to October 29.

For the fourth year in a row, The State Journal has partnered with Energage, a Pennsylvania-based employee engagement and workplace improvement research company to identify and recognize top performing workplaces.

Applications from public and private sector organizations that have created exceptional cultures, ethics, values ​​and benefits can be made at topworkplaces.com/Madison or by calling 608-234-5446.

To be eligible, companies must have at least 35 Madison area employees and any employer can be named, from start-ups and nonprofits to publicly traded companies and government entities. Nominations can come from businesses and organizations, employees, customers or people in the community.

Once nominations are received, Energage contacts organizations to conduct a free and easy 24-question employee survey. Energage then uses the survey results to rank the best places to work.

These rankings will be published online at Madison.com and in a special section of the State Journal in March 2022. The publication recognizes organizations for their commitment to attributes such as work-life balance, supportive leadership, communication strong and a workplace culture.


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Lodi company awarded the WEDA prize | Business https://hsmcohio.com/lodi-company-awarded-the-weda-prize-business/ https://hsmcohio.com/lodi-company-awarded-the-weda-prize-business/#respond Sun, 19 Sep 2021 21:35:00 +0000 https://hsmcohio.com/lodi-company-awarded-the-weda-prize-business/ The Wisconsin Economic Development Association unveiled the 2021 Community and Economic Development (CEDA) award winners at the annual CEDA awards ceremony on September 15 at the Edgewater Hotel in Madison. The CEDA Awards were created by the Wisconsin Economic Development Association (WEDA) to recognize businesses, projects, and organizations that significantly contribute to the Wisconsin economy. […]]]>

The Wisconsin Economic Development Association unveiled the 2021 Community and Economic Development (CEDA) award winners at the annual CEDA awards ceremony on September 15 at the Edgewater Hotel in Madison.

The CEDA Awards were created by the Wisconsin Economic Development Association (WEDA) to recognize businesses, projects, and organizations that significantly contribute to the Wisconsin economy.

“The economic developers, businesses and entrepreneurs they work with on a daily basis are the unsung heroes of the economy. They work tirelessly to help their communities thrive, and the CEDA Awards represent a special night where their efforts and achievements are celebrated, ”said Mary Perry, President and CEO of WEDA. “WEDA was delighted to partner with the Wisconsin Counties Association and the Wisconsin Economic Development Corporation to present the CEDA Awards and recognize businesses and state organizations committed to advancing the economy.

Prizes were awarded in the following six categories at the 2021 CEDA Awards Ceremony: Business Maintenance and Expansion; Economic development initiative; economic engine; Private public partnership; Redevelopment and reuse of real estate; and talent attraction.

Company retention and expansion – This award recognizes innovative economic development projects where communities have successfully mobilized to help maintain and potentially expand the operations of an existing business essential to the economic vitality of the community.

Winner: Attwill Medical Solutions – Attwill is a life science manufacturing company bringing critical manufacturing back to central Wisconsin. Founded in Lodi in 2017, the company manufactures a wide range of products such as rapid COVID tests, second generation COVID vaccines, and innovative pharmaceuticals and medical devices. Throughout the COVID-19 pandemic, Attwill added to its staff at a time of hiring freezes across the country and halted traditional production to produce hand sanitizer to protect frontline workers during the pandemic. Attwill intends to further expand its position in Wisconsin’s manufacturing and biotech sectors.


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New Report Describes Madison’s Potential As An Artificial Intelligence Hub | Economic news https://hsmcohio.com/new-report-describes-madisons-potential-as-an-artificial-intelligence-hub-economic-news/ https://hsmcohio.com/new-report-describes-madisons-potential-as-an-artificial-intelligence-hub-economic-news/#respond Sun, 19 Sep 2021 15:30:00 +0000 https://hsmcohio.com/new-report-describes-madisons-potential-as-an-artificial-intelligence-hub-economic-news/ A graph from the Brookings Institution shows where Madison stands in the adoption of AI technologies. BROOKINGS INSTITUTION Regions, including Madison and 20 others, that lacked companies commercializing AI were categorized as “federal research and contracting centers.” In addition, 90 communities have demonstrated potential for adoption of AI. The other 261 had little to no […]]]>





A graph from the Brookings Institution shows where Madison stands in the adoption of AI technologies.


BROOKINGS INSTITUTION


Regions, including Madison and 20 others, that lacked companies commercializing AI were categorized as “federal research and contracting centers.” In addition, 90 communities have demonstrated potential for adoption of AI. The other 261 had little to no AI activity, Muro said.

Even though Madison has yet to achieve early adopter status, Muro said he’s optimistic about what will happen over the next decade. He said the region is a “social ecosystem” which has found its dynamic niche in the tech sector.

And why not?

Some local business leaders and faculty at UW-Madison agree with this sentiment.

“The opportunity (to expand AI) looms on the horizon, but there is work to be done,” said Zach Brandon, president of the Greater Madison Chamber of Commerce. “AI is the future and there is no escaping it.”

Madison’s DataChat is another example of AI commercialization, Brandon said.

CEO Jignesh Patel, professor of computer science at UW-Madison, just secured a $ 25 million Series A investment round for the startup, which uses artificial intelligence to make analytics accessible to all. This is in addition to the $ 4 million in funding DataChat received last year. The money will help strengthen DataChat’s product vision and allow the startup to expand its staff, Patel said.


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Restaurant closes after obtaining $ 464,040 in COVID funds; owner accuses government and then retracts | Restaurants https://hsmcohio.com/restaurant-closes-after-obtaining-464040-in-covid-funds-owner-accuses-government-and-then-retracts-restaurants/ https://hsmcohio.com/restaurant-closes-after-obtaining-464040-in-covid-funds-owner-accuses-government-and-then-retracts-restaurants/#respond Sat, 18 Sep 2021 21:25:00 +0000 https://hsmcohio.com/restaurant-closes-after-obtaining-464040-in-covid-funds-owner-accuses-government-and-then-retracts-restaurants/ Now knowing that McKay’s lease was ending “and not giving us any notice it was devastating,” she said. Suiter, 37, who worked a bakery at Pine Cone last year, said she was unsure whether McKay used the PPP money to pay his staff, but said he employed his son , his daughter and his wife […]]]>

Now knowing that McKay’s lease was ending “and not giving us any notice it was devastating,” she said.

Suiter, 37, who worked a bakery at Pine Cone last year, said she was unsure whether McKay used the PPP money to pay his staff, but said he employed his son , his daughter and his wife full time in the past. the summer, whereas before, they were only filling.

She said McKay told his employees he was audited and reimbursed most of his servers on their last paychecks.

“It was very, very difficult to swallow to see the panel accusing the government he set up when he did not mention it among the many reasons he gave us,” he said. she declared.

Suiter said she wished McKay had visited the restaurant owner Pine Cone in Johnson Creek to see if he wanted to take over the DeForest restaurant. She said McKay admitted to staff that he had not tried to find a buyer in the community.

McKay told the Wisconsin State Journal that he was friends with the owner of the other Pine Cone, which is still in business.

DeForest Pine Cone’s website shows that he had been in business for 49 years.

“Since The Pine Cone started in 1973, we’ve taken great pride in bringing you food of exceptional quality,” the website says. “We believe The Pine Cone is a living link to the past where food was plentiful and prices right. Maintaining this standard and providing our customers with exceptional service is kind of a motto for us. “


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