google-site-verification=cXrcMGa94PjI5BEhkIFIyc9eZiIwZzNJc4mTXSXtGRM Black-owned company will oversee $215 million renovation of Charlotte Hornets arena through joint venture - 360WISE MEDIA
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Black-owned company will oversee $215 million renovation of Charlotte Hornets arena through joint venture

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Donavan Everett, Charlotte Hornets


As we embark on the second largest revenue-generating project in history, DA Everett Construction Group (DAECG) plans to start work this spring on a $215 million renovation of the Spectrum Center in North Carolina.

Founded by Donovan Everett in 2013, DAECG is improving the house arena of the NBA’s Charlotte Hornets in a joint venture with industry powerhouse Turner Construction.

The project, called “The Reimagine Spectrum Center,” will feature many improvements. These include providing more meeting space for fans, adding 2,500 seats on the lower level, improving concourses, improving the suites and founders’ levels, making a recent club space and increasing social gathering space near food and beverage areas.

Improving the company’s strategic growth and visibility

Everett said BLACK ENTERPRISES that his company’s shares are 20%. This means the project will generate an estimated $15 million to $20 million in recent revenue for DAECG this 12 months and roughly $25 million in 2025, when most of the facelift will be performed. Work will begin in May 2024 and is predicted to be accomplished in time for the 2025–26 NBA season.

This high-profile project is predicted to have a significant impact on DA Everett’s growth strategy and make it a more visible player in a highly competitive industry. The Black-owned construction management and general contracting company projects revenue of greater than $100 million this 12 months, up from a record high of just over $70 million last 12 months. New projects like Spectrum and existing ones are expected to drive profits.

Revenue aside, Everett says the Spectrum deal will, in some ways, be a windfall for the company long after the work is accomplished. “This project has gained a lot of attention locally and nationally, allowing us to become ubiquitous. This will further position us to secure other large commercial projects and public gatherings at the local and regional level that we would otherwise be unprepared for.”

With over 25 years of experience, Everett has led and accomplished business construction projects valued at over $2 billion. As president and CEO of DAECG, Everett’s current responsibilities include executing the company’s growth plan, supporting strategic partnerships and constructing high-performing teams.

Increasing experience as a contractor of sports and entertainment facilities

Everett says Turner Construction and his company won the Spectrum Center contract approved by town of Charlotte after competing against two other reputable firms. He says Turner’s successful completion of the renovation of the State Farm Arena for the Atlanta Hawks and his company’s recent renovation of the Bojangles Coliseum-Oven Auditorium in Charlotte were the catalysts that showed the businesses were one of the best team for the endeavor.

“This project gives DA Everett greater visibility of our qualifications and capabilities and allows us to strengthen and develop our experience as sports and entertainment contractors,” says Everett.

DAECG largely provides advanced planning, pre-construction and construction management services. It serves multiple sectors including automotive, healthcare, higher education, life sciences, public gatherings and government. It operates in North Carolina, South Carolina and the U.S. Virgin Islands.

The company currently has 14 energetic projects in North and South Carolina. Its current confidential life sciences project within the Charlotte area is 100% DAECG audited. Everette claims to be the company’s largest source of revenue, generating $69 million. Other major projects include the NC Department of Health and Human Services’ $250 million Phase 1 campus project in Raleigh. Another involves Winston-Salem State University, a $51 million renovation of an auditorium for an HBCU in North Carolina.

Maintaining growth despite challenges

To facilitate and sustain the company’s growth, Everett and his team intentionally set lofty goals. He says this includes continually reviewing whether the company is meeting its financial performance goals and implementing its strategic plan. “We experienced some challenges and setbacks along the way, as is expected in this business, but we never lowered our goal; we assessed, we looked for lessons and we kept moving forward.”

He shared that over 80% of his company’s revenue comes from repeat clients and freelance work. He added that the company has a solid portfolio, with projects on the backlog through 2027. Its ambitious revenue goal is to turn into a stable $250 million company by 2030. “We will continue to dig deep into the markets we currently serve, and we will continue to drive excellent service to our customers.”

Everett says his company will continually monitor the health and development of recent markets. This requires identifying geographic expansion opportunities in areas of the southeastern United States, resembling Atlanta. “Atlanta has a great, inclusive business environment, especially for Black-owned businesses, and the vertical markets we serve have a strong foundation for continued construction growth in this metro market.”

Finding a distinct segment and filling the void

The enterprising entrepreneur initially selected another choice to finance his business because he didn’t need to seek traditional bank financing. “I decided to raise private capital worth PLN 150,000. dollars from ‘rich uncle’ to start a business.” Everett’s company has received frequent awards for its work, including this one recognition.

Everett was introduced to the industry after growing up in a construction and real estate investing family and dealing for his father’s home construction company. His experience includes working for over 10 years on major construction projects for Balfour Beatty before founding DAECG to manage his own destiny.

“I also observed a vacuum in the market for Black-owned commercial construction companies that were operating at scale or did not seem growth-oriented after years of operation.”


This article was originally published on : www.blackenterprise.com
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The BLACK ENTERPRISE Disruptor Summit returns to ATL

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Disruptor Summit, Black Enterprise


Mark your calendars! BLACK ENTERPRISESthe nation’s leading Black digital media brand, is happy to announce its return BLACK ENTERPRISES The peak of disruptors

The event shall be an electrifying celebration of Black entrepreneurial excellence. Hosted by Nationwide, the two-day summit on May 17-18 shall be a singular business conference like no other, designed to connect, empower and have a good time the pioneers who’re changing the business landscape with amazing innovations.

The summit will begin with a warm welcome from Atlanta Mayor Andre Dickens and can feature an exciting lineup of dynamic speakers and interesting discussions. Get ready for an interesting fireside chat between the multi-talented Nick Cannon and BLACK ENTERPRISESDirector of Multiplatform Content, Selena Hill, where they may discuss Cannon’s unconventional approach to ownership and entrepreneurship within the entertainment industry.

Cannon shared his excitement about attending the conference BLACK ENTERPRISES The peak of disruptors. “I have been a disruptor all my life, and being in a room full of disruptors, path makers, change agents and free thinkers in business and culture will be phenomenal,” said the artist and entrepreneur.

But that is just the tip of the iceberg! Attendees can look forward to hearing from Cam’ron, the Harlem rap legend turned sports media podcaster, in an exclusive one-on-one conversation with BLACK ENTERPRISES Senior Digital Editor Sydney Douyon.

Attendees may also take part in a panel with Shaunie Henderson, visionary CEO Amira limited liability company and the creative mastermind behind the long-lasting series. She will participation invaluable business lessons from her extraordinary journey, including insights from her upcoming memoir, , with BLACK ENTERPRISES Cross-platform content producer Ashlei Stevens.

The summit program will include additional speakers who embody Black excellence, akin to Crystal Etienne, consumer investor and founder and CEO of Ruby Love and Caje and Co.; Justin E. Samuels, founder and CEO of Render ATL; and Luke Bailey, founding father of Neon Money Club.

Attendees can expect thought-provoking discussions and workshops on topics starting from redefining showbiz success to mastering the stock market and fostering social impact innovation.

Disruptor Summit isn’t only about knowledge exchange, it’s a path to potential partnerships, investments and accelerated growth. Aspiring entrepreneurs may have the possibility to showcase their brands within the $15,000 Disruptor Pitch Competition hosted by Walmart. At the identical time, the summit will culminate with the presentation of the Disruptor Award, designed to honor industry disruptors who’re making real change and making a big impact, akin to Arian Simone, founding father of Fearless Fund; Miss Diddy, CEO of The Brand Group Inc.; and Lena Ford, CEO of Positively Lena and co-founder of the Kinship Family Initiative.

How BLACK ENTERPRISES CEO Earl “Butch” Graves Jr. put it this manner: “This summit is a core element of our mission and a key platform that provides Black entrepreneurs with the knowledge, connections and resources they need to thrive in the business world.”

With invaluable resources, inside knowledge and actionable insights, Disruptor Summit goals to equip participants with the tools to boldly innovate, cultivate lucrative brands and take their businesses to latest heights.

“As a long-term partner of the company BLACK ENTERPRISES and title sponsor of this dynamic gathering, Nationwide unwaveringly supports Black innovators and creators at every stage of their entrepreneurial journey,” said Lu Yarbrough III, associate vp of Enterprise Diverse and Cause Marketing at Nationwide.

“This conference offers valuable content and connections that can help both emerging talent and established business owners disrupt norms and advance economic inclusion.” In addition to Nationwide, additional sponsors include Walmart, FedEx and Pronghorn.

Get ready to attend this exciting celebration of excellence in Black entrepreneurship going down on the Southern Exchange Ballrooms in downtown Atlanta on May 17-18. Visit here to learn more in regards to the summit, secure entry tickets, and stay awake to date with the most recent programs.


This article was originally published on : www.blackenterprise.com
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Detroit Volt Founder Deana Neely Leads Detroit’s Green Energy Sector –

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Deana Neely, Detroit Voltage


Deana Neely, founding father of Detroit Voltage, has headed Detroit’s electrical services sector since she obtained her electrical license. Initially, fearing negative bias because of the homogeneous electrical service industry, Neely hid the undeniable fact that she was a black woman. Since participating in Google’s acceleration program, Neely has been showing off her side.

As reported, Neely’s business meets a critical need: the necessity for Blacks to enter the development industry. To that end, Elevate, a Chicago-based nonprofit, has appointed Neely to steer an accelerator program for clean energy contractors in Detroit. The Elevate program goals to create a mirrored image of the population by which they work, and Detroit is sort of 80% black.

Tim Skrotzki, associate director of partnerships at Elevate, said: “We are trying to build a network of contractors based in Detroit. We want these performers to look like they come from the community in which we work. Since Detroit is predominantly black (78%), we want performers to reflect that.”

Neely briefly talked in regards to the explosion of her company after founding Detroitvoltage in 2016 after 10 years with Detroit’s Department of Buildings, Safety and Environmental Engineering. “It took me months. But when I got my first contract, my phone literally didn’t stop ringing,” Neely said. “In my first six months in business, we generated over six figures in revenue (and) became the premier electrical contractor in the city.”

According to National Association of Black Women in Construction, Neely’s business grew; opened a branch of her company in Houston, and Forbes recognized her company as considered one of the Next 1000 in 2021. In his profile, Forbes indicated that Neely is within the strategy of launching a program that guides women through the strategy of starting a construction company, which he is popping right into a book. In March, Detroit Voltage signed a a six-figure contract with DTE Energywhich gave her company a city contract to put in electric vehicle charging stations in Detroit.

In 2023, she described the strategy behind it her company’s positioning reads: “As demand for sustainability grows, we have strategically positioned Detroit Volt as a leader in supporting renewable energy and electric vehicle infrastructure projects. This decision was not only consistent with our values, but also in line with the growing market trend. Our commitment to environmental responsibility has not only attracted like-minded customers, but also positioned us as an industry leader.”

Neely continued, “Throughout our journey, we now have encountered many necessary moments which have played a pivotal role in our development. These include establishing a strategic partnership with our local utility provider to put in electric vehicle (EV) charging stations, becoming a Google Small Business Partner, and attending a hearth chat with Google’s CEO on the Summit of the Americas – a highly regarded global event. “

Neely concluded, “I currently function a mentor within the Great Lakes Council of Women’s MentorWe program, where I actually have the respect of sharing my insights and methods for growing as a business owner with other women business owners. This role allows me to contribute to the event and success of entrepreneurs in this system. I’m also in the ultimate stages of writing a book that may teach women easy methods to start a construction business with none problems. This extraordinary journey reflects the resilience and determination obligatory to beat unexpected challenges and switch adversity into success.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Change your way of thinking and your money will follow you

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Salary, expectations, California, financial limitations, money, Black women, taxes, deductions, e file, turbo tax, moving expenses, money mindset


Certified financial planner Michael F. Kay advises that “it’s important to define your attitude toward money.” This is a key element of understanding – resulting in the belief that you are heading in the precise direction or that you might have to work to rethink your beliefs and habits. Have you already defined your way of thinking about money? If you’ve never considered it – I mean, you’ve really considered it, now could be a great time to achieve this.

This is the thing. Mindset is a key consider setting the usual for economic success. It affects expectations and ultimately the underside line.

If you’re considering increasing your earning potential, listed below are three strategies to assist you change your mindset and increase your economic success:

Overcome an impoverished mentality.

Are you determined to attain financial success? If so, it will be very difficult to attain if your mental filter becomes polluted with doubt and limiting beliefs. Jettison’s toxic thoughts that hold you hostage to mediocrity, loss and stagnation. It doesn’t matter where or why they arrive from – just throw them away. Start seeing yourself as someone who can deliver more value (which has a monetary value attached to it) and subsequently, by definition, someone who has the ability to earn more. This alone will help you spot, attract and make the most of one of the best economic opportunities.

Raise your economic standards.

Another element of increasing economic success is the resolution to lift standards. Set the bar just a few notches higher and deal with making your ability to deliver higher-level results your priority. Remember that your earning potential is directly related to your ability to deliver more value. When you reduce the gap between these two variables, you will also begin to lift your expectations and stop settling for “good enough to get” by accepting lower than you are value. This will help you strengthen your risk-taking muscles, drawing even greater opportunities from your sphere of influence and without it.


Take decisive motion.

Changing the way you take into consideration money and your ability to earn it at higher levels is crucial, but taking motion seals the deal. Before you start taking random actions, first determine what will have the best impact on your earning potential straight away. This may very well be pursuing a critical certification, taking up additional classes, or applying for a brand new position. It may additionally mean earning an extra degree or changing your profession path entirely. Whatever the situation, don’t hesitate to take decisive, consistent motion – breaking tasks down when and where mandatory. Over time, you will begin to realize momentum, which will encourage you to be more energetic and perform higher overall.

Use these strategies to develop a stronger money mindset. Then watch your results grow.

To your success.


This article was originally published on : www.blackenterprise.com
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