CI VIEW: America’s new business Titans spread their wings

WASHINGTON, DC (BBN) – The new economic elite of the United States is not made of Silicon Valley moguls but the impressive number of Black American business tycoons such Chicago’s Loop Capital founder and CEO James Reynolds; Washingtonian real estate tycoon Donahue Peebles; Warrenton, Virginia luxury resort prima donna Sheila Johnson; NYC asset manager Christopher Williams and LA’s billionaire Act-1 Group human resource group owner, Janice Bryrant Howroyd.

[Loop Capital Chairman and CEO Jim Reynolds speaks to Capitol Intelligence/BBN using CI Glass following Closing the Wealth Gap hosted by US House Financial Services Ranking Member Maxine Waters (D-CA) at the Congressional Black Caucus Foundation Annual Legislative Conference in Washington, DC. September 16, 2016] 

While most of Wall Street may know Jim Reynolds as the golfing buddy of President Barack Obama, Goldman Sachs CEO Lloyd Blankfein, JP Morgan Chase CEO Jamie Dimon and Citigroup’s Michael L. Corbat know Mr. Reynolds as Chicago’s top investment banker.

You will not meet America’s new blue bloods in SF/Palo Alto, Boca Raton Florida but at the same playing fields of America’s old blue bloods: Martha’s Vineyard, Sag Harbor/East Hampton and Middleburg, Virginia.

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CI VIEW: The Carolina Kitchen aims at USD 1bn IPO valuation, owner Lance London says UPDATE

 

WASHINGTON/LOS ANGELES (BBN) —  (Update on September 21, 2016 to add interview with Thompson Hospitality Chairman Warren Thompson) The Carolina Kitchen, the Washington, DC area high-scale soul and southern cuisine restaurant group, sees revenues rising to USD 45m at end-2014 from more than USD 20m in 2013, The Carolina Kitchen founder and CEO Lance London said.

[Carolina Kitchen owner Lance London speaks to Capitol Intelligence/BBN using CI Glass at Rhode Island Row opening Feb. 25, 2014]

In an interview at the opening of Carolina Kitchen on Rhode Island Row in northeast DC, London said his aim is to build The Carolina Kitchen group into a USD 1bn business and to continue expanding from its current locations of Largo and Hyattsville in Prince George’s County, Maryland and now Washington, DC.

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CI VIEW: Small and mid-market CEOs eye growth as big business retreat, Ernst & Young CEO

CLEVELAND, Ohio (SMARTCEO/BBN) – US small and mid-market CEOs attending the Republican National Convention proved that American small business owners are made of stronger stuff than politics or big business.

[Ernst & Young Chairman and CEO Mark Weinberger speaks to SmartCEO/Capitol Intelligence Group at Bipartisan Policy Center event during Republican National Convention in Cleveland. July 20, 2016]

At the RNC Convention in Cleveland that nominated controversial real estate mogul Donald J. Trump, only CEOs/owners of small to medium size companies came to the convention while the CEOs of major corporations took a pass with the very notable exception of Ernst & Young Chairman and CEO Mark Weinberger.

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CI VIEW: Exelon passes on Entergy’s nuclear assets, Exelon CEO Crane

 

WASHINGTON/BRESCIA (BBN) – Chicago-based Exelon Corporation (NYSE: EXC) is no longer interested in acquiring the nuclear assets of Entergy (NYSE: ETR) if the New Orleans, Louisiana-based company goes ahead with a long-rumored sale, Exelon President and CEO Christopher M. Crane said.  

[Exelon President and Chief Executive Officer Christopher M. Crane speaks with Capitol Intelligence/Smart CEO using CI Glass about Entergy, STEM schools and ENEL at the Baltimore Washington Corridor Chamber Annual Meeting at BWI Marriott,  May 11, 2016]

Exelon CEO Chris Crane had previously told Capitol Intelligence that Entergy’s nuclear assets are of high quality and could be an attractive target for Exelon.
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CI VIEW: Howard University Divinity School seen leading way for Islamic Finance in the US: UPDATE

BROOKLAND, Washington DC (CI MENA) — (Update on August 24, 2017 to add interview with District of Columbia Councilmember At-Large Anita Bonds) Howard University’s School of Divinity School,  located in Washington DC’s unique Brookland neighborhood, could soon become a global center of excellence for the study and practice of Islamic finance in the United States.

[Howard University President Wayne A.I. Frederick, MD speaks to Capitol Intelligence/BBN using CI Glass on Howard University plans for Howard University School of Divinity located in Brookland, Northeast Washington, DC. June 17, 2016]

The Howard University School of Divinity is located on 22 acres of prime real estate in the Brookland neighborhood in Northeast Washington DC and is located next door to the Mount St. Sepulchre Franciscan Monastery representing Jerusalem and the Holy Land in the United States.

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CI VIEW: Industrial Bank ‘too small to survive, looking at M&A options,’ President and CEO says Update: Citigroup CEO Corbat

(Updated on January 17, 2016 to include comments for Republican presidential candidate Gov. John Kasich (R-Ohio)

WASHINGTON/BRETTON WOODS, NH (BBN) – Industrial Bank, the privately-held DC minority owned bank, is seeking M&A options as it is no longer able to operate as an independent bank due to significantly increased regulatory costs stemming from Dodd-Frank, Industrial Bank President and CEO B. Doyle Mitchell, Jr. said.

[Industrial Bank CEO B. Doyle Mitchell, Jr speaks to BBN using CI Glass at US House of Representatives Committee on Small Business Subcommittee on Investigations, Oversight and Regulations  Dec. 3, 2013] Continue reading

CI VIEW: Milan’s Expo 2015 success or failure critical to Italy’s leadership role in the Mediterranean:Update

 

MILAN (BBN) – (Update on June 30 to  include comments from Emirates President Sir Tim Clark) The success or failure of the Expo 2015 Universal Exposition may well determine whether Milan — and Italy as a nation — can maintain its key role as the financial center of southern European and the Mediterranean.

[Italian Pavilion head Diana Bracco speaks to Capitol Intelligence using CI Glass at the opening of the Expo 2015 exhibition space in Milan]

The head of the Italia Pavilion, Diana Bracco, said US support is critical for the global success of the Expo 2015 that has already brought together important gulf nations such as the United Arab Emirates and the Sultanate of Oman. UAE, which is hosting the Universal Exposition in 2020 in Dubai, is looking very closely at all aspects of Milan Expo 2015.

Unicredit Chief Executive Officer, Federico Ghizzoni, said that the Milan Expo is already proving to be a huge economic success for Milan and Italy as a whole.

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CI VIEW: Northrop Grumman to significantly expand international business, CEO says UPDATE: UTX/NOC merger speculation

 

WASHINGTON (BBN) (Update on May 26 to add new interview with Northrop CEO Wes Bush and speculation on United Technology Corp. (NYSE:UTX) tie-up) – Northrop Grumman (NYSE:NOC) chief executive Wes Bush said the US defense group is seeking to significantly expand its international sales and non-defense commercial operations.

[Northrop Grumman CEO Wes Bush speaks to Capitol Intelligence/BBN using CI Glass at Economic Club of Washington, Dc on April 17, 2014.]

Speaking to Capitol Intelligence following an Economic Club of Washington interview with Carlyle co-founder David Rubenstein, Bush said the company is moving to aggressively boost sales outside of the United States from its current level of 10%.

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CI VIEW: Baltimore’s small business leading way for post-riot economic Renaissance

BALTIMORE/WASHINGTON (BBN) – Small business leaders have already started to take the lead to transform Baltimore into the new economic hub of the Eastern United States after rioting forced Maryland Governor Larry Hogan to call up the National Guard and a near week long curfew.

[Siemens AG chief executive Joe Kaeser speaks to Capitol Intelligence/BBN using CI Glass at Export-Import Bank Annual Conference in Washington, DC. April 23, 2015]

The recent images of a rioting, National Guard soldiers carrying M-16 machines guns through the city’s financial and tourism district have so distorted the reality of Baltimore that small business leaders took it onto themselves to get out the message that Baltimore is an already successful city destined for greatness as a financial, logistics, healthcare, energy and IT hub.

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CI VIEW: Prince George’s Baker brings major Chinese and foreign investors to National Harbor Update

 

National Harbor, Maryland (BBN)  —  Prince George’s County Executive Rushern Baker III brought more than 70 Chinese companies and high-level officials to the SelectUSA Investment Summit held at National Harbor, Maryland on March 23-24, 2015.

[Prince George’s Country Executive Rushern Baker speaks to Capitol Intelligence using Google Glass at the Congressional Black Caucus Legislative Conference on September 26, 2014]

Baker said that he invited the Chinese companies to be Prince George’s County guest at the upcoming SelectUSA Investment Summit hosted by the US Department of Commerce Secretary Penny Pritzker and President Barack Obama with over 1,000 foreign companies and 2,500 delegates.

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CI VIEW: Anacostia transforming DC’s East of the River from slum to East Coast financial hub Update

WASHINGTON/ANACOSTIA  (BBN) – [Update: Adding interview with Hogan Companies Vice President Phillip Charles Musgrave. Feb. 18, 2015] – Anacostia, once one of the most violent and poorest African-American neighborhoods in the US, is rapidly transforming itself into the financial and applied technology hub of the eastern United States.

[Curtis Investment Group Chief Operating Officer Michael B. Gimbert speaks to Capitol Intelligence/BBN using CI Glass at the Inauguration of Shannon Place with Mayor-elect Muriel Bowser and the late former DC Mayor Marion Barry.] 

The turnaround of Anacostia — whose geographic isolation across the Potomac River was used by white Washington to isolate many of the District’s African-Americans into an almost fortressed ghetto – is set to become one of the greatest economic transformations in the history of the United States.

One of the key project is the USD 45m Shannon Place office building, with unbeatable view if the US Capitol and the Mall, will house office of defense giant General Dynamics and other businesses such as the DC Lottery.

The building was financed by the historic Anacostia “Big Chair” Curtis family furniture company through the family-owned Curtis Investment Group and project managed by Four Points.

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CI VIEW: Digicel leads way for Haiti’s high-tech transformation at Congressional Black Caucus, Digicel GM

 

WASHINGTON (BBN) – Digicel — the Caribbean mobile phone operator and Haiti’s largest employer owned by Irish billionaire Denis O’Brien — is quietly making the country a high-tech center, Digicel Business General Manager Carl Momplaisir said.

[Digicel Business General Manager Carl Momplaisir speaking to Capitol Intelligence using Google Glass at the Congressional Black Caucus Foundation Annual Legislative Conference in Washington, DC. September 26, 2014.]

In an interview with Capitol Intelligence/Black Business News at the Congressional Black Caucus Foundation Annual Legislative Conference, Montplaisir said Digicel is bringing first world solutions to the poorest country in the western hemisphere.

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