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The Cape Fear Capital Connection News Hour: Tuesday, September 9, 2014 News and Information About Technology, Capital Markets, and Business In The Cape.

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Presentation on theme: "The Cape Fear Capital Connection News Hour: Tuesday, September 9, 2014 News and Information About Technology, Capital Markets, and Business In The Cape."— Presentation transcript:

1 The Cape Fear Capital Connection News Hour: Tuesday, September 9, 2014 News and Information About Technology, Capital Markets, and Business In The Cape Fear Valley With Thomas Vass The Private Capital News Network Presents

2 Segment One: The Week In Review: The Garner Economic Strategy Report Cape Fear Capital Connection News Hour Offering Suggestions For Improving The Cape Fear Economic Strategy.

3 A Better Model of Regional Innovation For The Cape Fear Economy Generation 1 Deal Mapping for Ideas Deal Creation Deal funding Deal Exits Profit Re-investment in Regional Companies Generation 2 Deal Mapping Deal Creation Deal funding Deal Exits

4 Suggestions to Improve Strategy For Cape Fear Region Focus on the entire capital market, not just on venture capital. Facilitate and support a regional accredited investor crowdfunding strategy. Focus on established companies in Cape Fear’s technology clusters, not just new ventures. Focus on technological commercialization of products. Connect supply chain firms in New Hanover to firms in Cumberland and Bladen. Limit government and non-profit agencies to functions that support private technology companies.

5 Segment Two: Important News Announcements GE deal with Boeing brings work to Port City. Report from Wayne Faulkner, StarNews Online. Wayne Faulkner Once finalized, the firm engine order – not counting the options – is valued at more than $1.3 billion at list price, CFM said. "A lot of the investment and growth in the Wilmington plant is driven by ramp-up in production for the LEAP engine, which will enter service next year," said spokeswoman Kelly Walsh. "Orders like these ensure continued work and long-term stability at our GE Aviation facility in Wilmington."

6 GE Aviation plans second engine-parts factory. Could it land in the Triad? “We’re building out our capability,” Bill Fitzgerald, vice president of commercial engine operations for GE Aviation, told Bloomberg. “We’re going to build an additional factory because we think we’re going to need that capacity, and we want to be well ahead of it.” Deb Case, a spokesman for GE Aviation, told the Triad Business Journal Monday that GE is "still very early in the process of establishing a second facility to manufacture ceramic matrix composites. The first CMC manufacturing facility in Asheville, North Carolina is set to open in January and hiring continues at that location."

7 Why Is This News Important To Cape Fear? Cape Fear Capital Connections interviewed Penny Whiteheart, Managing Director of NC Aerospace, about the North Carolina aviation cluster. Cape Fear already has part of the emerging cluster. Focus on small manufacturers to supply larger companies in New Hanover and Cumberland.

8 Segment Three: Focus on Strong Cape Fear Companies: GoEnergies Go Energies, a company whose software and hardware helps its fuel industry customers manage their fuel buying, fleet cards, tank sales and site management, logged a three-year growth rate of just over 16,000 percent. The company, founded in 2009, posted revenues of $32.8 million in 2013, compared with just under $204,000 in 2010.

9 GoEnergies: EKOS Energy Knowledge Operating Systems Software developed by GoEnergies helps companies lower fuel costs. Local small company with great economic potential.

10 Focus on Strong Cape Fear Companies: National Speed Inc. National Speed Inc. We're both a domestic and import performance shop in Wilmington, NC that serves Raleigh, Jacksonville and surrounding areas. No matter what kind of vehicle you bring to us, we can help you create a vision.

11 Company is 6 Years Old Founded in 2008 to serve the needs of car enthusiasts. According to a May 2014 story in the Wilmington Business Journal, the company has served 5,600 clients and earned $7 million in revenue in its Wilmington location. It will open a second shop in Richmond later this year and has expansion plans for 51 other cities around the nation.a May 2014 story

12 Segment 4: Building The Cape Fear Capital Market Infrastructure Example of capital is commercial finance. Netsertive, a digital advertising technology company based in Morrisville, announced Friday that it has closed on more than $10 million in new financing. More than than $7 million of the money was debt financing obtained from Durham-based Square 1 Bank.

13 What Is Commercial Finance? Square 1 provides loans and other banking services We help growing companies and their investors navigate financial obstacles by providing access to funds and expertise. Our customized product offerings and unrivaled team of banking specialists provide a banking experience designed exclusively for you.

14 Integrates Loans With Other Sources of Financing Square 1 Bank offers SBA and USDA loans to companies in a wide variety of industries. Key benefits include high leverage with minimal cash investment, long terms to minimize debt service, flexible underwriting requirements, competitive rates and fast turnaround time.

15 What Type of Loans? Business Loans: up to $5 million – to acquire a business or equipment, refinance debt, obtain inventory and working capital, and start or acquire a franchise business. Business acquisition Equipment acquisition Debt refinance Inventory and working capital

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