Opportunity Fund Launches $500,000 Start-Up Funding Challenge to Help Bay Area Small Businesses Get Off the Ground

San Francisco, CA (PRWEB) March 21, 2013

Today, Opportunity Fund announced their Start-Up Funding Challenge to help Bay Area businesses get off the ground. For a limited time, the organization is lending up to $ 500,000 to local start-up entrepreneurs, who are either launching their businesses or have less than a year of sales. At 7.5% interest and no loan fees, the challenge aims to offer financing that is hard to come by for most start-ups at an affordable rate.

Getting the access to necessary capital is a huge hurdle for most businesses that are starting out. And 45% of businesses fail due to lack of financing, said the groups Vice President of Lending, Marco Lucioni. With banks often unwilling to lend to start-up businesses, many people turn to friends and family, or high-interest credit cards. Opportunity Fund is seeking to help those businesses get off the ground and running, putting them in a position to succeed for the long-term.

Last years Start-Up Funding Challenge winner, Rachel Myers, started her dream business, the Home D?cor Learning Center in Concord, California. Rachel began teaching upholstery at Mt. Diablo Adult Education in 2007. In 2009 she and her students found out the program was going to be cut. Confident in the demand for her instruction, Rachel developed a business plan to offer classes on her own, but she couldnt find the funding to make it a reality until applying to the Start-Up Funding Challenge.

Rachel was able to borrow $ 30,000 in order to move into a new warehouse space. I remember being on the phone with Opportunity Fund, and I was in a state of disbelief about getting the loan. I wouldnt have been able to start this without Opportunity Fund. Or we would have gone so far into debt it would have been ridiculous, said Rachel.

Entrepreneurs like Rachel will be able to apply to Opportunity Funds Start-Up Funding Challenge through March 31st. The winners will be selected by a panel of Bay Area business and philanthropy leaders, and will be announced in April. For more information, please see http://www.opportunityfund.org/startup.


Press inquiries: Caitlin McShane, 408-512-2211 (o), 415-225-8855 (c), caitlin(at)opportunityfund(dot)org

Loan inquiries: Tim Hatfield, 408-516-4701 (o), startup2013(at)opportunityfund(dot)org

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our mission is to advance the economic well-being of working people by helping them earn, save and invest in their future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California’s leading microfinance provider, Opportunity Fund began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed over $ 279 million into our communities.

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Miller-Valentine Group Proudly Announces the Ground Breaking of Delaware Place

Delaware, OH (PRWEB) September 27, 2012

Miller-Valentine Group, along with its partners on this community, the Ohio Housing Finance Agency, Ohio Capital Corporation for Housing, M+A Architects, Kleingers & Associates, the EDGE Group, and Key Bank are developing Delaware Place as a part of the federally funded, state managed Low Income Housing Tax Credit program.

Delaware Place demonstrates the value of the federal housing tax credit program on numerous levels. Primarily, it delivers high quality affordable housing for adults, 55 and older in Delaware who currently have limited or no affordable housing options. Seventy-two new jobs were created for the project, approximately 35 of which are in the construction sector. Delaware Place has also generated over $ 5.4 million for the local economy (wages for local workers and profits for proprietors, small businesses, and corporations), as well as more than $ 2.0 million of taxes for federal, State of Ohio, and City of Delaware government.

Dave Liette, President of Miller-Valentine Residential Development said that the company is very excited to have the opportunity to invest in the area. Liette explained. Delaware Place allows Miller-Valentine Group to bring its dedicated expertise in affordable, high-quality housing to seniors in the Delaware area. We are honored and privileged to have a positive impact on their lives.

For more information about the ground breaking or Delaware Place, please call 1-800-329-RENT (7368), email yournextplacetolive (at) mvg (dot) com, or visit YourNextPlacetoLive.com.

About Miller-Valentine Group

Since their founding in 1963, Miller-Valentine Group has been dedicated to quality, value and service. Their vertically integrated companies offer total real estate solutions in the areas of Design/Build Construction, Development, Management, and Financing for both residential and commercial markets. They also provide Renovation, Brokerage, and Leasing services for commercial markets. All of Miller-Valentine Group’s divisions have combined to provide customers with more than 11,000 residential housing units and over 50 million square feet of commercial space.

Miller-Valentine Group develops real estate in the Midwest, Southeast, and Southwest regions of the country, with offices in Dayton and Cincinnati, Ohio, Columbia and Charleston, South Carolina, and Ft. Worth, Texas. As an industry leader they offer a wide range of residential products, including multi-family, single family, military housing, active adult, independent and assisted living, as well as skilled nursing communities. The company also offers a vast array of commercial products, including office, retail, lodging, healthcare, manufacturing and distribution facilities.

Find Miller-Valentine Group on LinkedIn.

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Demand From IT Sector Goes Down As Real Estate Market Losing Its Ground

Article by Vinay

Demand From IT Sector Goes Down As Real Estate Market Losing Its Ground – Real Estate – Buying a Home

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The commercial real estate market is facing powerful times, with workplace house absorption across India’s seven largest cities dropping 12 percent quarter-on-quarter within the January-March 2012 amount because of unsure economic conditions as well as the Euro zone crisis.

The trend is probably going to continue for consequent few quarters, with absorption of workplace area expected to drop by 10-15% for 2012 attributable to lower demand from the sector of information technology. Demand from IT/ITES sector has dropped from the height of sixty eight percent in 2005 to thirty fifth percent at the present attributable to increasing value pressures faced by these companies.

Growth expectations of India’s IT sector has been lukewarm thus far, with software services exporters complaining of clients’ delay when making a decision on the technology pay. Compared to around 16 percent growth in year to March 2012, Nasscom trade body has forecast an 11-14% growth rate for the year to March 2013.

Things don’t seem to be as rosy as they were in 2010. Most corporates are adopting a ‘wait-and-watch’ policy. The bulk of demand within the initial half 2012 was spillover of work-in-progress deals from 2011. The demand thereafter are influenced by the Indian economic performance and outlook of world markets.

Total commercial property absorption for Q1 of the year was 7.4 million sq Ft, representing a decrease of 12% q-o-q and 15% y-o-y. Except Bangalore vacancies across cities are expected to rise in 2013.

The obtainable stock of grade A commercial property across major cities like Delhi, Bangalore, Mumbai stood at 376.2 million sq Ft in Q1 compared to 370.25 million sft within the previous quarter, representing a rise of 2% q-o-q.

Currently, demand for Grade A commercial property in Bangalore is driven by foreign corporations from the US and European Union, that contribute a lion’s share of lease transactions across major cities within the country. Demand for office space property in Bangalore from the US-based corporations are stagnant; these corporations are contributing forty eight percent of the full commercial property in Bangalore are in demand within India and also followed by European countries.

Large IT companies like Infosys and Wipro have projected negative to flattish growth in June ending quarter, and analysts expect a minimum of another 1-2 quarters before the arena hits the expansion track, reckoning on recovery within the US and Europe.

There has been no escalation in realty budget as corporations look to scale back operating prices. IT/ITES corporations have reduced their property budget by 5-8% this year as they anticipate renewal of contract from purchasers before they will strive against further floor area.

There are some larger commercial property needs floating within the market, however no deals have concluded to date. Decision made by corporates have over-involved since fourth quarter of last year. Firms also are staggering occupancy time line and don’t wish to occupy giant area at one go.

In total approximately thirty four million sft of recent provide is anticipated to come back to the market across these cities. Mumbai followed by Bangalore and Delhi NCR. However, the rising input prices and liquidity crunch at the developers’ finish owing to high lending rates still be worrisome and would possibly impact the delivery timeline of the project.

About the Author

PropTiger is an independent real estate advisor with a pan-India presence. We aspire to be your first port of call if you want to buy a property in Bangalore.

Use and distribution of this article is subject to our Publisher Guidelines
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PropTiger is an independent real estate advisor with a pan-India presence. We aspire to be your first port of call if you want to buy a property in Bangalore.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

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Occupy Wall Street Marcy Kaptur With Some ‘Reality From Ground Zero’ on Ohio Foreclosures

Rep. Marcy Kaptur cites an example of how bailing out the banks has done little to help struggling home owners in Ohio. Bill Moyers also asks Kaptur about her speech on the House floor where she urged foreclosed homeowners to be squatters in their own homes.
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