A few years ago, when executives at DigiKey Electronics began to plan an expansion project, they looked at several possible locations in the Midwest. That wasn’t surprising, considering the Thief River Falls electronic parts distributor expected that it would need to hire another 1,000 workers but was, at the same time, located in one of the more lightly populated regions of Minnesota – one with a tight labor market to boot. Ultimately, DigiKey decided to build its new distribution center right at home in Pennington County, in far northwestern Minnesota, where the company got its start in 1972 – decades before it became the mega-business that generated $3.1 billion in revenue last year. The decision heartened the town of 8,600, whose identity has become increasingly tied to the fortunes of DigiKey. Executives won’t reveal where else they looked, or say too much about why they chose to expand at home, but financial incentives certainly tell part of the story. … [Read more...] about No place like home: Looking to expand, electronic parts giant DigiKey scouts the Midwest — but stays put in Minnesota
10 percent off home depot
When he co-founded the Home Depot chain, Atlanta Falcons owner Arthur Blank tried to make the customer experience and pricing the highest priority. He's using that same model for concessions at Mercedes-Benz Stadium – and it's having impact around the country. Two seasons ago, the stadium unveiled a grand experiment in professional sports: food and drinks that average fans can afford: $5 beers and $2 hot dogs. "I'd hear fans, just people around me, just complaining about it all the time. So I, you know, said to our management team, we need to price it every day the same way they would pay any place else they went in the city of Atlanta," Blank told CBS News' Dana Jacobson back in 2017. It's meant happier fans, and also higher profits. According to Falcons president and CEO Rich McKay, fans spent 16 percent more overall in the first year, even with price cuts of 50 percent. How to watch the 2019 Super Bowl "That was amazing. We did not foresee that. Maybe … [Read more...] about Mercedes-Benz Stadium stopped ripping off fans at the concession stand and sparked a revolution
H. Lawrence Culp Jr. on Monday became the first outsider to run General Electric in its 126-year history, highlighting the need for new blood to revive the troubled conglomerate. GE's ousting of CEO John Flannery just 14 months into his tenure caps a stunning fall from grace by an American corporate icon, a business that at the turn of the 21st century was the world's most valuable public company and whose stock was once seen as a safe bet for millions of average investors. Culp is known as a specialist in turning companies around. He impressed Wall Street analysts and investors alike during his 14 years as chief executive of Danaher, a smaller conglomerate with businesses ranging from water treatment equipment and manufacturing to dentistry and pharmaceuticals. The executive, who also teaches at Harvard Business School, only joined the GE board in April. "With Larry, what GE shareholders get is an outsider who will likely strip corporate back to necessary functions and … [Read more...] about Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate
Kristin Hanes, The Wayward Home Updated 10:22 am PDT, Friday, September 28, 2018 Madison, who runs Vancrafted Studio, makes beautiful, handcrafted jewelry from the back of her truck camper. Each collection of jewelry represents somewhere she’s traveled, or her current state of being. Madison, who runs Vancrafted Studio, makes beautiful, handcrafted jewelry from the back of her truck camper. Each collection of jewelry represents somewhere she’s traveled, or her current state of being. Photo: Amber L. Photography Madison, who runs Vancrafted Studio, makes beautiful, handcrafted jewelry from the back of her truck camper. Each collection of jewelry represents somewhere she’s traveled, or her current state of being. Madison, who runs Vancrafted Studio, makes beautiful, handcrafted jewelry from the back of her truck camper. Each collection of jewelry represents somewhere she’s traveled, or … [Read more...] about This woman crafts jewelry out of her truck camper
ACCRA, Ghana — It had been 12 years since Rita Sarpong went home to Ghana. She’d missed siblings’ weddings, the births of nieces and nephews, even the death of her father, sacrificing time with her own family so that she could help frail, aging Americans stay at home with theirs.Almost up to the moment she boarded the plane, Sarpong was working nearly around the clock. A home health aide, she cared for a 90-year-old retired insurance agent with severe arthritis by day. Then at night, she drove from Newton to Wrentham to look after a woman in her 80s who was prone to falling. Related Links Stranger in the house That made for 104 hours a week of work that was equal parts tedious, stressful, exhausting, and essential. After she reached Logan Airport, dragging three suitcases loaded with gifts for her family — mainly used clothes from her closet — Sarpong collapsed in her seat. For the next nine hours, as food carts rolled by carrying lunch, dinner, … [Read more...] about PIPELINE FROM AFRICA: Recent immigrants do much of the low-paying, back-breaking work of caring for frail Americans at home. Back home, they’re seen as success stories.