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WELLSBORO — A local business may have a solution using forest waste to produce locally produced vehicle fuel.Luca Pandolfi, founder of Woodland Biomass Innovations, which has developed a process to convert low-quality woody biomass, known as waste wood, into gasoline, plans to build its first facility in Tioga County, outside Wellsboro.Pandolfi spoke to the Wellsboro Rotary Club about the project, which was recently named a finalist in the 2024 Pennsylvania Wild Big Ideas competition.Woodland Biomass uses existing technology to convert woody biomass into 87 octane gasoline that is chemically identical to petroleum-based gasoline, and more importantly, keeps local money circulating…

Hancock County Economic Development (HCED) has announced the winners of its Business Plan Grant Program.HCED is offering a five-week workshop to help businesses complete or adjust their business plans to support development and growth here in Hancock County. There are two grants, one for expansion of existing businesses and one for emerging businesses, and each winner will receive $10,000.And the winner is…Expanded category: Carter Hitz representing Hatz By Hitz.Mr. Carter is a high school senior who started his business during his junior year through the Hancock County CEO Program and it was so successful that he was ready to expand…

If you’re just starting a small business, or even thinking about it, don’t miss our next program, “Building a Bankable Business Plan — Part 1” on Tuesday, May 28th at Central Library . , 2024, 5:30-6:30 p.m. Participants will learn the components of an effective business plan and how to structure the plan to best explain the company's goals and objectives.A well-developed business plan is not only essential to securing funding for your business from potential investors and lenders, but also provides guidance for dealing with the changes that will inevitably occur in the economic climate and industry. It also…

During his four years as CFO of Dropbox, Ajay Vashee saw the tech company through many changes—scaling from 100 employees to 3,000, an IPO and the trials of the first years as a public company. Now, Vashee has transitioned to an investment role with IVP. One common thread, from opposite poles of the finance world: the power of a compelling story. In this episode of Secrets of Rockstar CFOs, Vashee joins Jack McCullough to discuss the relationship between building companies and making strategic investment decisions. Listen by clicking below. The Q&A, lightly edited and trimmed for clarity, follows. — Listen…

Engaging Creative Minds, a nonprofit organization dedicated to inspiring creativity and curiosity in all learners through innovative and experiential learning, recently hosted the 13th annual YEScarolina State Business Plan Competition .Stratford High School senior Kaden Parsons secured second place and $2,000 in seed money for his 3D printed outlet cover design, Kaden's Krafty Covers. Stratford University students Ayanna Godin, Nasir Howell and Devon White earned spots in the semifinal round of the competition.The event was held on Friday, April 26th at Midland Polytechnic Institute's Beltline campus in Columbia.More than 60 students from schools across the state came together to present…

IMARC Group's report entitled “2024 Onion Ring Manufacturing Factory Project Report: Industry Trends, Factory Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue'' provides a complete load on setting up an onion ring manufacturing factory. A map is provided. The report ranges from a broad overview of the market to intricate details such as unit operations, raw material and utility requirements, infrastructure needs, machinery requirements, human resources needs, packaging and transportation requirements, etc. covers various aspects.In addition to operational aspects, this report covers Onion Rings manufacturing process, project, including important aspects such as capital investment, project funding, operating costs, revenue…

If you're thinking about becoming an entrepreneur, you might be wondering whether you'll be more successful starting a business or buying an existing business.”'Starting your own business and opening your own store' has always been part of the American dream,” says Josh Torrey, nationally syndicated talk show host and author of the recently published book “Starting Your Own Business and Opening Your Own Store.” Wealth by Acquisition.”Unfortunately, few people pay enough attention to the statistic that roughly 50% of startups fail within five years. But if a company survives for 10 years, it has a good chance of surviving and…

According to the U.S. Chamber of Commerce, small businesses have grown to employ just under half of the U.S. workforce and account for more than 43% of U.S. GDP. More importantly, small business owners are becoming increasingly optimistic as American consumers continue to spend, even as inflation continues to tighten the purse strings.Chase Business Banking CEO Ben Walter speaks with Brad Smith on Yahoo Finance's Wealth! to discuss the bright outlook for growth as small business owners embrace new strategies and technology to run their businesses regardless of the economic situation.”Most of them [small businesses] Companies are thinking much longer…

Kellogg Insight How do family-owned businesses survive for generations, and what can they do to stay competitive as the economy continues to change? “These are important questions for business leaders who have families or may work with families.” Matt AllenKellogg Clinical Professor John L. Ward Family Enterprise Center. By some estimates, 90 percent of businesses are family-owned, and while few are as consistently Shakespearean as the fictional Roy family of HBO's “Succession,” many must navigate complex family dynamics in the short term to achieve success in the distant future. “Family businesses need to focus on long-term resilience — preparing for…

Katie Jinkins of Sixline Semiconductor, winner of last year's Governor's Business Plan Contest, says her approach to technology challenges is to “fail fast” as part of the innovation process. Jinkins, CEO, co-founder and co-inventor of the Middleton-based startup, was a featured speaker at the recent Wisconsin Technology Council luncheon in Wauwatosa. “We know it's not going to work for long, but we have to speed up our iteration cycles and find the next path,” she said last week. “You may keep failing and failing and failing, but eventually you'll find a way forward. And that's worked well for me so…