Palmetto, a clean technology company focused on the distribution and democratization of clean energy products, announced today that it has raised $6 million. The round was led by Greycroft, with participation from Lerer Hippeau, Box Group, and NBA commissioner emeritus David Stern. Palmetto harnesses its expertise in software, fulfillment, and financial solutions to streamline the…
Palmetto, a Charleston, SC-based Clean Energy Tech Company, Raises $6 Million in Funding
Al Johnson: Still Motivated after 60 Years in the Surety Business
After 60 years in the surety business, Al Johnson has no plans for a traditional retirement. In fact, the 87-year-old continues to service a handful of longtime clients and looks forward to going into the office several days per week. For the past 25 years, Johnson has been associated with McGriff Insurance Services (formerly BB&T Boyle…
Views from the Salute to the Design and Construction Industry Sponsors
Once again this year, three leading design and construction industry service providers have teamed to sponsor the Salute to the Design and Construction Industry. The GroundBreak Carolinas’ staff had three questions for each of this year’s sponsors: BB&T Construction Risk Services What are the key trends impacting your business (or client’s business)? Construction project financing…
Four Ratios that Guide the Performance of your Construction Business
Financial indicators such as the liquidity ratios, leverage ratios, efficiency ratios and profitability ratios can be used to gauge the performance of your business. With the analysis of these ratios, you will be able to make the informed and right decisions for your business. The following are the top four types; Liquidity Ratios These are…
Tax Reform Impact on Construction Industry a Positive
Congress recently passed the most significant tax reform legislation since 1986. The tax reform legislation will have a positive impact on architecture, design and construction companies in North Carolina and South Carolina as key provisions of the legislation will converge to drive business investment, employment and wages. “The vast majority of construction companies will benefit…
Tax Reform and the Impact on the Design and Construction Industry
President Donald Trump and Congressional Republicans released a plan for tax reform, entitled Unified Framework for Fixing Our Broken Tax Code. The impacts of the proposed tax reform will have impacts on the design and construction industry. The proposals face significant scrutiny and debate before actual legislation is addressed by Congress. Leading democrats wasted little time…
Choate Construction Becomes Employee-Owned
Choate Construction Company recently announced that it is transferring beneficial ownership to its employees. The commercial construction firm has become 100% employee owned via the newly created Choate Employee Stock Ownership Plan (ESOP) Trust. “Choate is a tight-knit family, and we truly care for each other. We were solicited continuously over the years by larger…
Churchill Stateside Group Funds to Finance over $390 Million in Solar Projects
Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of three tax credit equity funds for the development of over 140 megawatts of solar energy across ten projects located throughout North Carolina, Idaho, and Oregon. Since 2012, CSG’s tax credit equity funds and debt…
FMI Releases the 2016 Executive Compensation Survey
FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the publication of its 2016 Executive Compensation Survey. The survey includes data from 71 companies representing over 3,400 executive and business unit employees across 64 positions within U.S. engineering and…
CFMA Presentation of The Release of a Report on an Analysis of Construction Projects with Federal Agencies and the Cause of Disputes
The Construction Financial Management Association (CFMA) held a press conference in Washington, DC, to release the findings of their report, which examines the extent to which courts attribute fault to contractors as opposed to government agencies when disputes arise and are adjudicated. Public opinion often concludes that cost overruns and chronic delays are frequently the…
