Business

 

 

Fintech in Action Executive Director Michelle Williams [Courtesy photo]

One Year Later: How Dallas’ Fintech in Action Used $1.7M to Become a Resource for National Black Talent

by | Nov 2, 2021
The coalition—dedicated to hiring, promoting, and retaining more Black professionals in fintech—has doubled its number of partners and participating firms and served more than 250 students from four cities just a year after forming. Executive Director Michelle Williams leads the coalition from Dallas.
MORE
BioLabs space at Pegasus Park
BioLabs at Dallas’ Pegasus Park Announces New Site Director and First Tenants for Life Science Co-Working Hub
by | Nov 2, 2021
BioLabs at Pegasus Park shared space and state-of-the-art lab is slated to open in December. It's a place where entrepreneurial innovators can test, develop, and grow their ideas.
MORE
CONTI founder and CEO Carlos Vaz $150M fund
Dallas-Based CONTI Capital Launches New Fund to Raise $150M to Acquire and Develop Multifamily Properties—Vertical and Horizontal
by | Nov 2, 2021
With over $1.25B in transactions to date, CONTI's goal for the new fund is to diversify capital across a mix of multifamily assets and markets in 13 southern Sun Belt states. Target assets will include both established and new properties, including communities of single-family homes built to be rentals.
MORE
Hire Dynamics Fuels Texas Growth With Two Recent Acquisitions
by | Nov 1, 2021
The Atlanta-based staffing firm entered the Dallas market with a new Lewisville office earlier this year.

The firm matches talent and employers in manufacturing, logistics, e-commerce, contact center, office support, and more.
MORE
Jacobs to acquire software enabled cloud and edge analytics provider BlackLynx.

Dallas-Based Jacobs Acquires BlackLynx to Strengthen Its Cyber and Intelligence Offering

by | Nov 1, 2021
Acquiring BlackLynx expands Jacob's position to 14 of 18 U.S. Intelligence Community agencies. BlackLynx's embedded analytics platform provides real-time AI and ML image and data classification in the cloud and at the edge—deepening Jacobs' capabilities to deliver actionable, real-time insights to meet national security priorities.
MORE
Irving-based Fluor receives $1.16B contract extension for Navy nuclear propulsion work [Photo: Fluor]
Irving-based Fluor Gets $1.16B Contract Extension for Navy Nuclear Propulsion Work
by | Nov 1, 2021
When you think of Irving, you probably don't think "submarines." Well, you should start. Irving is home to the headquarters of Fluor, whose subsidiary Fluor Marine Propulsion got the one-year extension to work on naval nuclear propulsion technology at Navy Nuclear Laboratory sites in New York, Pennsylvania, and Idaho. 
MORE
Pam Seagle, Bank of America's manager of global women’s programs
New Bank of America Platform Helps Women-Owned Businesses Find Funding Sources
by | Oct 29, 2021
Women entrepreneurs in North Texas and across the U.S. have long faced challenges in finding funding for their businesses. Now Bank of America is stepping in to help "bridge the capital gap" with its new Access to Capital platform. The online resource educates women entrepreneurs on ways they can fund their businesses, and covers more than 350 sources of capital.
MORE
Panel: Self-Driving Trucks Find Dallas-Fort Worth Launchpoint
by | Oct 29, 2021
Dallas-Fort Worth is ground zero for the development of autonomous truck technology, thanks to the cooperation of business leaders, and local, regional, and state governments, industry leaders say.

Experts from Kodiak, Waymo, Aurora, Embark, TuSimple, and Deloitte discuss why DFW is at the center of self-driving trucking deployments—and how that's shaping the future of the global supply chain. Here's a takeaway.
MORE

Fort Worth’s FirstCash to Acquire Fintech in $1.17B Deal to Enter the ‘Buy Now, Pay Later’ Payment Space

by | Oct 28, 2021
FirstCash, a pioneer in operating retail pawn shops, will use American First Finance, the fourth largest provider of point-of-sale payment solutions to underserved customers, to enter a $600 billion total addressable market.
MORE
Champion Impact Capital Launches Investment Platform to Match North Texas Tech Entrepreneurs with Potential Funders
by | Oct 28, 2021
The free investment platform—Spark North Texas—is funded by a $950K grant from the U.S. Economic Development Association. Its "matchmaking algorithm" will connect entrepreneurs with suggested innovative financing structures and capital. Investors—including several angel networks that have already committed—will peruse the founders' projects seeking opportunities that meet their criteria. The goal: Spark new ideas that will help North Texas emerge from the pandemic, by bringing new tech solutions to market. Deadline for entrepreneurs to apply is November 24.
MORE
The Shadow CEO has expert advice for entrepreneurs on Dallas Innovates: Here's what founders need to know about distributing equity. The series bu Dennis Cagan is both a '101' and a master class for entrepreneurs who are growing a startup.
The Shadow CEO:
Deciding to Distribute Startup Equity? Here’s a Founder’s Guide
by | Oct 28, 2021
Entrepreneur, investor, and corporate governance authority Dennis Cagan shares insights on seldom-taught things an entrepreneur needs to know about equity and governance—before making needless mistakes—in the Shadow CEO series. Part 2: Equity distribution for entrepreneurs, explained
MORE
HALL Park is expanding in Frisco, Texas.
Hall Group Begins Work on a $7B Reimagining of Frisco’s Hall Park
by | Oct 28, 2021
The redevelopment will include a new 16-story office tower, a 19-story apartment building, a 154-room boutique hotel, and a food hall—all with views of a new community park. Phase 1 has already begun: an initial $500M mixed-used project located across Warren Parkway from The Dallas Cowboys' Star development.
MORE
Dallas Invents: 113 Patents Granted for Week of Oct. 12
by | Oct 27, 2021
Dallas-Fort Worth ranked No. 9 for patents out of 250 metros. Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: American Airlines' cargo management system, AT&T's document analysis using machine learning and neural network, Baylor University's carpal bone fusion device and metho, Futurewei Technologies' operating states for D2D discover, IBM's augmented reality tagging of non-smart item, Mentalix's robotic document feede, and Textron Innovations' mobile autonomous hydrogen refueling station.
MORE
Israeli Network Automation Company Moves HQ to Dallas, Closes $32M Series A Round
by | Oct 26, 2021
BackBox will grow its operations and network management and security solutions from its new HQ in Dallas. Leading that is Andrew Kahl, an operating advisor at Elsewhere Partners—the investment firm that led BackBox's Series A—who will build out an executive team locally.
MORE
Mark Cuban Cost Plus Drug Company Dallas Deep Ellum
Mark Cuban, Drug Czar: Mavs Owner Is Launching an Online Pharmacy to Help Solve Skyrocketing Prescription Costs
by | Oct 26, 2021
The Mark Cuban Cost Plus Drug Company is building an $11M, 22,000SF drug manufacturing plant in Dallas' Deep Ellum, aiming to "disrupt and disable big pharma." The startup plans to launch an online pharmacy selling 100 of the most commonly prescribed generic prescription drugs at a 15 percent markup plus a $3 dispensing fee.

"Our only goal is to push down the pricing of drugs for every American," the company pledges.
MORE