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Sacramento Business Journal
After Hours: Sacramento Black Chamber Juneteenth Freedom Celebration
The Sacramento Black Chamber of Commerce held its Juneteenth Freedom Celebration on June 19 at Mix Downtown in Sacramento.<\p> The event included networking opportunities and award presentations. Kevin Daniel with the city of Sacramento received the Community Impact Award. Shonna McDaniels with the Sojourner Truth African Heritage Museum received the Entrepreneurial Freedom Award.<\p>
Insights from new CEOs: Sheri Merrick, Citrus Heights Chamber
On June 4, we hosted the latest in our quarterly series of dinners with new CEOs of Sacramento area companies and nonprofits. Our discussion that evening at the Grange Restaurant & Bar was off the record, but as is our usual practice, we circled back later with a series of questions on the record. We're publishing our guests' responses, edited for length and clarity.<\p> Executive director, Citrus Heights Chamber of Commerce<\p>
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
This long-awaited master plan project is weeks away from starting
Within weeks, grading could begin on a long-awaited master plan in unincorporated Sacramento County, now with a new name as well.<\p> Braden, formerly known as Cordova Hills, could see its first lots turned over for housing construction in early 2026, said Rachel Bardis, CEO of development firm Somers West.<\p>
Local retailer opens outlet at Greenback Square in Citrus Heights
The Cave opened a new store in Citrus Heights this week that is different from its other three area locations.<\p> The chain's current stores in Folsom, Arden-Arcade and Roseville buy, sell and trade items such as anime, toys, video games, records and comics, in addition to men's and women's apparel. Some items are new but most of its inventory is pre-owned.<\p>
Utility seeks strategies to maintain grid power during heat waves
The Sacramento Municipal Utility District is seeking a $10 million grant from the California Energy Commission to study a pilot program using iron-flow batteries in a demonstration of grid reliability.<\p> SMUD has already installed some of the large batteries in Sacramento, but this grant is to test long-duration energy systems for use statewide.<\p>
Local manufacturer Spencer Composites has been acquired
Rocket motor manufacturer X-Bow Systems Inc. of Albuquerque, New Mexico, has acquired Spencer Composites Corp. of Sacramento, with plans to keep Spencer’s 50,000-square-foot manufacturing and prototyping space in North Natomas as well as its local employees.<\p> Jason Hundley, X-Bow's CEO, declined to disclose the terms of the deal, but said Spencer’s 26 employees will remain with X-Bow, bringing it to more than 200 full-time and part-time workers.<\p>
How a historic Lincoln building completed a turnaround
With the opening of a beer garden in recent weeks, a historic Lincoln building has completed a multiyear turnaround.<\p> Owners Michael and Cheryl Fisher said they weren't always sure they'd see better days for the Lincoln Brand Feeds building at 436 Lincoln Blvd., which was nearing foreclosure when they bought it five years ago for $3.75 million.<\p>
Operator of award-winning coffee trailer planning Midtown cafe
Nancy Guzman is ready to build on the success of her Balance Me Out mobile coffee trailer with plans to plant roots in Midtown.<\p> The business, which was started in 2021 after Guzman lost her art teaching job during the pandemic, has garnered a following for its plant-based beverages and its unique take on low-sugar caffeinated beverages. Balance Me Out has won awards at the past two California State Fairs for Guzman's creations, and took the top award for favorite drink at last year's Sacramento Vegan Chef Challenge.<\p>
New midsize venue could fill gap in Sacramento's music scene
This story was funded by the city of Sacramento's Arts and Creative Economy Journalism Grant to Solving Sacramento. Following our journalism code of ethics and protocols, the city had no editorial influence over this story and no city official reviewed this story before it was published. Our partners include California Groundbreakers, Capital Public Radio, Outword, Russian American Media, Sacramento Business Journal, Sacramento News & Review, Sacramento Observer and Univision 19.<\p> Sacramento is gaining a new live music venue called Channel 24 from Another Planet Entertainment, the producers of Outside Lands, which should help to fill a gap in the city’s lack of midsize live music stages. <\p>
Taylor Builders is working with this company on retail projects
Land development company Taylor Builders LLC has tabbed a growing commercial real estate brokerage and development firm to lead commercial development at its projects.<\p> Sacramento-based Capital Rivers Commercial will work with Taylor Builders on marketing and developing commercial/retail centers in current and future projects, including ones in Roseville, Sacramento and Dixon, said Capital Rivers CEO Greg Aguirre.<\p>
Among small businesses, there's a huge divide on finances
The smallest businesses are the ones most likely to be struggling, as larger small businesses report better conditions.<\p> The latest data from the Federal Reserve’s Small Business Credit Survey — released earlier this year but since followed up with a more detailed breakdown by size and demographics — shows how, even within the realm of small businesses, there is wide variation.<\p>
Insights from new CEOs: Kenny Pawlek, Shriners Children's
On June 4, we hosted the latest in our quarterly series of dinners with new CEOs of Sacramento area companies and nonprofits. Our discussion that evening at the Grange Restaurant & Bar was off the record, but as is our usual practice, we circled back later with a series of questions on the record. We're publishing our guests' responses, edited for length and clarity.<\p> Administrator, Shriners Children's Northern California<\p>
Woodland biotech startup partners with plant-based milk company
TurtleTree, a startup that does its research and development out of the Lab@AgStart in Woodland, has announced a second partnership to use its product in new food offerings. <\p> TurtleTree announced last week that it's partnered with Strive Nutrition Corp., a Wichita, Kansas-based company that makes plant-based and lab-produced milk beverages. Under the partnership, Strive will use TurtleTree’s lab-grown lactoferrin, LF+, in a number of upcoming products, including an immunity support beverage and a protein powder. <\p>
Brazilian steakhouse closes in Folsom. Here's what will replace it.
Flame & Fire Brazilian Steakhouse has permanently closed its Folsom restaurant, but its replacement has already been found. <\p> In July 2021, Flame & Fire opened its Folsom restaurant at 380 Palladio Parkway, Suite 305, in the Palladio at Broadstone center. The eatery's website was recently updated, stating the Folsom location has permanently closed. Representatives of the chain did not respond to a request for comment on Monday.<\p>
CalSTRS files lawsuit over headquarters expansion
On the same day California State Teachers' Retirement System took formal possession of its headquarters expansion in West Sacramento, the public pension fund filed a civil suit against the contractor for the project.<\p> The suit, filed in Sacramento County Superior Court on Monday against general contractor DPR Construction Inc., several subcontractors, and surety company Liberty Mutual Insurance Co., alleges the defendants committed fraud, breach of contract, civil conspiracy and other accusations for a project that still isn't completely finished.<\p>
Insights from new CEOs: Alexis Padilla, American Cancer Society
On June 4, we hosted the latest in our quarterly series of dinners with new CEOs of Sacramento area companies and nonprofits. Our discussion that evening at the Grange Restaurant & Bar was off the record, but as is our usual practice, we circled back later with a series of questions on the record. We're publishing our guests' responses, edited for length and clarity.<\p> Executive director, American Cancer Society, California Guam Hawaii Division<\p>
New owner plans changes at Clarksburg restaurant
Clarksburg restaurant Husick's, which has become a Delta staple over its many years operating along the Sacramento River, is under new ownership, and the latest leader is planning to make some changes.<\p> The restaurant at 36510 Riverview Drive in Clarksburg has been home to a variety of concepts since the building was constructed over a century ago, including a general store, a deli and wine shop, and a barbecue joint and taphouse. <\p>
Small-business grants you can apply for this month
Small-business owners might be more confident about their future, but they are still worried about inflation.<\p> That’s the big takeaway from the U.S. Chamber of Commerce's Small Business Index, conducted in partnership with MetLife, which hit the highest level of optimism since early 2020, with about 73% of business owners expecting their revenue to grow in the next year. <\p>
Local building is nation's first certified zero-carbon logistics hub
Amazon’s relatively new same-day fulfillment center near Sacramento International Airport is the first logistics site in North America to receive zero-carbon certification from the International Living Future Institute in Seattle.<\p> Seattle-based Amazon.com Inc. (Nasdaq: AMZN) opened the center in August 2022 in the Metro Air Park development with an eye toward getting this certification.<\p>
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