Month: June 2024

By Britt Erica Tunick

Originally published by Middle Market Growth

While there is no shortage of money heading into AI-related businesses, so far, the largest inflows have been from large technology companies like Amazon, Apple and Google. Industry participants say there is good reason for that: AI technologies are in a nascent phase where the building blocks for future applications are still being laid, and it remains unclear how many emerging AI applications will ultimately be monetized.

“Private equity likes to see proven technologies. They want to find predictable and profitable revenue production. A lot of the AI investment today is in companies that are still experiencing cash burn but have high promise,” says Travis Drouin, head of Baker Tilly’s technology industry practice.

Many PE firms are waiting for pure-play AI companies—those where AI is ultimately the end product—to mature before investing.

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Covia is committed to protecting biodiversity by preserving intact forests, reclaiming land with over 50% native species, managing avian and migratory bird habitats, protecting endangered species and their habitats, and combating invasive species while restoring pollinator habitats where feasible. Our partnership with the Wildlife Habitat Council demonstrates this unwavering commitment to biodiversity and helps us align our land use and management strategies with top-notch practices for ecological stewardship.

As a result of our efforts, two of Covia’s plants, Emmett and Tunnel City, have been recognized and honored at the recent Wildlife Habitat Council (WHC) Conference. Covia’s Emmett, Idaho, plant was honored with the Avian Award for their exceptional project that monitors and manages avian species and their habitats. Team Members built special nest structures for American kestrels and ospreys, as well as habitats for geese. Tunnel City was awarded the Pollinator Project Award for their collaborative efforts with the Wisconsin DNR to re-establish the federally endangered Karner Blue Butterfly. They created a thriving habitat, welcoming these beautiful butterflies back to the area.

We extend our congratulations to the teams at these plants for their exceptional conservation work. For more information about Covia’s many biodiversity and conservation efforts at WHC-certified sites, visit https://www.coviacorp.com/esg/.

Laura Lane, chief corporate affairs and sustainability officer at UPS, joins Workiva’s Andie Wood to explore how one of the world’s largest package delivery companies is tackling emissions reduction. Listen in as they discuss the importance of leveraging data to drive down emissions, optimize investments, and achieve sustainability goals.

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On June 6th, the Connecticut Convention Center was abuzz for the United Way Women United’s 13th Annual Power of the Purse Luncheon and Silent Auction presented by KeyBank and Key4Women.

Nearly one thousand women in business and allies filled the room with energy and a real commitment to support Women United’s mission to help families on their path to financial empowerment.

It was KeyBank’s fourth year as Presenting Sponsor, with Business Banking Leader Allison Standish-Plimpton and Market Retail Leader Elona Shape giving welcome remarks and highlighting the resources that Key4Women provides to women business owners and entrepreneurs.

“Women United’s mission of providing financial stability to women and their families is a mission that we believe strongly in,” said Elona. “After all, financial wellness is the heart of what we do at KeyBank and the core of what we provide through Key4Women.”

Keynote speaker: Rita Moreno

The highlight of the event was actress and keynote speaker Rita Moreno. Best known for her role as Anita from West Side Story, Moreno (age 92) is the first Latina to win all four of the most prestigious awards in show business: an Oscar, a Tony, two Emmys and a Grammy. Her credits span more than seven decades, beginning with her Broadway debut at age 13, and appearing in 40+ feature films and countless television shows.

Rita delivered an inspirational message about breaking down silos, working together and supporting one another to create greater impact.

“I wouldn’t have accomplished what I did without the people who supported me and gave me a hand,” she said.

Tremendous support for Connecticut families 

This year’s luncheon and auction of high-end handbags and other donated items raised more than $377,000 to support Women’s United work helping Connecticut families achieve financial security and will make a measurable difference for local women and families.

Since 2012, more than $1.8 million has been raised though the Power of the Purse Luncheon. Funds help ensure that participants in United Way of Central and Northeastern Connecticut’s supported programs receive financial stability programming, including employment and job training opportunities; access to benefits; financial coaching and education; and tax preparation services.