DENVER – The Colorado Office of Economic Development and International Trade (OEDIT) announced today that six businesses have been selected for assistance with opportunity zone business investment through the Opportunity Zone Capital Accelerator Program.
OEDIT partnered with the Colorado Center for Innovation for Community Capital (CC4ICC) in early May to create the new program to support business investment rather than real estate, where the majority of Opportunity Zone investments have been made.
TECH-STACK ADVISORS: STEVE HARRIS AND LAURA HIGH
Tech-Stack Advisors is developing a multi-unit complex serving the emerging takeout and delivery markets. The facility will be made up of many kitchens offering various cuisines — customers can order from more than one and receive everything in a single delivery. The turnkey operation will allow tenants to focus on food preparation while Tech-Stack manages operations for them with an emphasis on cleanliness, community, and environmental concerns.
Written by Danny K at QSR
When McDonald’s forked up $300 million for decision-logic company Dynamic Yield in late March, it sent an eyebrow-raising ripple throughout the restaurant landscape. Firstly, the fast-food giant might have deep pockets (a market value of $142 billion), but it doesn’t dip into them for acquisitions very often. That’s an understatement. Prior to the deal, McDonald’s last sizable purchase was a $173.5 million move for Boston Market. That was 20 years ago (McDonald’s later sold the chicken brand to Sun Capital Partners).
The other obvious question was, why did McDonald’s spend brand-acquisition-type dollars on a tech platform? The answer boils down to something the chain has eyed since CEO Steve Easterbrook outlined initial steps to reset and rebuild McDonald’s business back in May 2015. As he put it during Friday’s conference call to review second-quarter results, “We knew we had to evolve with our changing market and consumer dynamics, and we knew incremental progress wasn’t going to cut it.”