Lila Anderson and Nosh Wine Lounge at 10th and Dodge in Omaha.
Kathy Byrnes (center, in tan jacket) at the opening of Village Canvas and Cabernet in Omaha's AkSarBen Village Sept. 14.
From downsized to opening a trendy Omaha nightspot: Nosh Wine Lounge
So there she was, downsized from her corporate finance job in the Dallas area the day before, out with her friends, wondering what would be next in her life. She was over 50, without a job, although she was more fortunate than many in the recession with a severance and some stock options. But she did have a thought.
“I always wanted to open a bar,” she said. “I’d go into places, look around, think about how maybe I’d do something a little different than what they were doing.”
And there, out with her friends that night, was one of them exclaiming to her: “You should do that!”
A little more than three years later, Lila Anderson’s place, Nosh Wine Lounge (left, above), is a staple of the new Capitol District in downtown Omaha.
Trading the executive job for the blank canvas of a business start-up
Tucked in the trendy AkSarBen Village, within walking distance of a park, shops and coffee sippers is what Kathy Byrnes hopes is to be one of Omaha’s hottest fashionable merges of gallery, retail and creative exploration.
Village Canvas and Cabernet (left, below) offers a gallery featuring local artists’ works for sale on consignment, and a small wine, beer and coffee bar off to the side for browsers. While the space also will be available for private parties, the best part, and the linchpin of the business, is an artist who will lead fun and entertaining painting sessions to help guests craft their own unique works.
“I hope we can have the space for people to explore their creative side and potentially discover their inner artist,” she added.
Encore Entrepreneur Mentor Day
SBA and AARP invite existing and potential entrepreneurs over the age of 50 and the public to network with technical assistance and down-to-earth mentors to help them start and grow a small business.
National Encore Entrepreneur Mentor Day
is a nationwide effort to meet the SBA’s goal to offer training and consulting service to 100,000 new and existing encore entrepreneurs as a result of the federal agency’s partnership with the AARP.
WHERE: Regency Ballroom, Sheraton Hotel Omaha, 655 N. 108th Ave., Omaha
WHEN: October 2, 4-6 p.m. Registration at the event begins at 3:30 p.m.
Those who wish to attend may guarantee a seat by calling Michael Foutch
at (402) 221-7211.
Currently, there are more than 76 million people as part of the Baby Boomer generation
, and many are interested in and poised to be entrepreneurs; one in four between the ages of 44 and 70 are interested in starting their own business or non-profit in the next five to 10 years. Nearly half report a desire to be encore entrepreneurs, a business with a positive social aspect.
The event in Omaha will offer:
- Presentation about the importance of mentors and how Gallup’s Entrepreneurial Acceleration System can help their small business
- Panel discussion with mentors and 50+ small business owners to share stories and lessons learned followed by a question and answer session
- Brief description from SBA resource partners such as SCORE and the NBDC on the assistance that they can provide to encore entrepreneurs
Mike Popelier of Desperate Husbands BBQ
Tommy Garrett of The Garrett Group
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Omaha Steel Castings approved for 2nd highest 504 loan in the nation this Fiscal Year to build new Wahoo foundry
Groundbreaking in Wahoo Sept. 26.
Thanks to the second largest SBA-funded portion of a 504 loan in the nation this fiscal year, Omaha Steel Castings will move forward on plans for a new facility on a 20-acre site in Wahoo, Neb.
The company was approved Aug. 27 for $5.382 million in 504 financing through the Nebraska Economic Development Corporation (NEDCO), which, combined with a $6.5 million loan from Omaha State Bank, will complete the $13.5 million project.
In Fiscal 2012 to date, SBA 504 loan activity in Nebraska is up 26 percent from last year, and loan dollar amount jumped 61 percent from FY11. As a direct result of 504 loans, more than 600 new jobs are being created and more than 1,600 jobs are being kept in the state.
“The SBA is honored to have played a role, through our 504 loan program, in a project that retains jobs in this rural area and creates new jobs going forward,” said Patricia Brown-Dixon, Regional Administrator for the SBA for Nebraska, Kansas, Iowa and Missouri. “This is a manufacturing company creating Made In America products, which also feeds the supply chain for exports. It reflects the confidence that the Omaha Steel Castings team, their lenders and the community have in our nation’s and Nebraska’s economic recovery.”
The company's present location, with its sprawling operation cramped at 46th and Farnam Streets in Omaha is surrounded by a hospital, businesses and a residential neighborhood. Inside, the air stings of with the smell of molten metal, with sparks and flames as the workers pour steel into molds. Since 1906, this foundry location has produced building frames, valves and machine parts for small jobs all the way up to serving as a crucial supplier to Caterpillar for 80 years. These days, Omaha Steel products are used to create machinery for the global corporation for export to Mexico, Japan and Brazil.
Omaha Steel Castings expects the first 100,000 square foot building to be under roof by December, with operations starting the move from its present location tucked into its present location in a a neighborhood beginning to move to Wahoo in the spring of next year. Both facilities will operate at the same time to prevent an interruption in the flow of castings to their customers until the move to Wahoo is completed, projected for the end of 2013.
After Omaha Steel Castings' sales dropped to $10 million in 2009 due to the recession, business increased to $16 million in 2010 and $25 million in 2011. According to owner Phil Teggart, the company projects sales of $30 million this year.
“This is a very exciting project, not only for Omaha Steel Castings and Wahoo, but also for Omaha State Bank," said Charlie Boone, the lender's senior vice president. "Over the past 24 years, one of our strengths has been finding solutions for our customers and partnering with them to achieve their goals. The collaborative relationship we have built with Phil and his team is very rewarding and it made this expansion possible.”
“NEDCO and the SBA 504 loan program makes it possible for businesses like Omaha Steel Castings to move to new facilities and finance equipment under very favorable conditions for the benefit of the business, their bank, the community they live in and the State of Nebraska," NEDCO executive senior vice president Ted Rowan said. “We were very pleased to be a part of helping this business move to a new location that will allow it to improve efficiency, profitability and benefit the community of Wahoo.”
Nebraska Approved for increase in SBA Program Funds to Promote Small Business Exporting
The State Trade and Export Promotion initiative, launched last year under the Small Business Jobs Act, provided $60 million for use over a two-year period and is aimed at achieving two goals: 1) increase the number of small businesses that want to export and 2) increase the value of exports for those small businesses that currently export. Individual state project award amounts vary based on each state’s proposed project plan and budget.
Preliminary results for the program are very strong. In Fiscal 2012, the SBA expects to report a return on investment of federal funds on the order of ten-to-one.
Patricia Brown-Dixon, the Region VII Administrator of the SBA, said: “This fiscal year Nebraska will receive ..."