Frerichs and Garcia are making the largest investment to date from the Illinois Growth and Innovation Fund (ILGIF), committing $16 million to foster a more inclusive venture capital ecosystem and directly impact underserved low-income communities and underinvested business entrepreneurs in Chicago. Companies like Cleveland Avenue include S2G Ventures, Millenium Food-Tech, and The House Fund. Crews will be replacing the signal. https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth Edit Lists Featuring This Company Section, Venture Capital Companies With Fewer Than 1000 Employees (Top 10K), Early Stage Venture Investors with Investments in United States, Illinois Companies With Less Than $1B in Revenue (Top 10K). Bradanna, Inc. will provide maintenance of traffic services (239) 455-8891. We do this by making targeted investments with venture capital (VC), growth equity and private venture debt firms with a nexus to the State of Illinois. By having a diverse team of business experts and like-minded financial partners, Cleveland Avenue is uniquely positioned to support talented and capable entrepreneurs who have been in the waiting room anxiously seeking their opportunity to grow their businesses., Andrea Zopp has joined Cleveland Avenue as Managing Partner to lead the CAST US initiative. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. Much of the work originally scheduled for this week was rescheduled for the following week to minimize impacts to traffic AFTER the traffic shift occurs. A detour will be in place with ample signs routing traffic around the work area. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. The information is general in nature and does not constitute advice. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). Established in 2016, Cleveland Clinic Ventures is a corporate venture capital firm headquartered in Cleveland, Ohio. lane traveling westbound on Alico Road. Get the full list, Morningstar Institutional Equity Research. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 Entrepreneurship is one of the surest ways to closing the racial wealth gap, added Dr. Helene D. Gayle, President, and CEO of The Chicago Community Trust. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT. After having served as President of World Business Chicago, Zopp is applying her mix of corporate, civic, and social impact experiences to support these promising entrepreneurs. Learn more. Copyright 2023 Cleveland Avenue, LLC. By continuing to use this site you are consenting to these choices. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. 4. CASTUS - A Cleveland Avenue Fund The firm provides resources and expertise to support remarkable companies and the people behind them. Residents are entering and exiting communities on both sides of Corkscrew Road. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Find top employees, contact details and business statistics at RocketReach. For questions, please Contact Rob Radford (239) 229-5980. Gladiolus Drive from A + W Bulb Road to Bass Road; Bass Road from Gladiolus Road to Park Royal Drive (Permit ROW2022-00230): Pike Electric will be working on the overhead power lines. Drivers, pedestrians, and bicyclists are urged to use extra caution when traveling through the work zone. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. When available, these documents can be obtained free of charge from the sources indicated above. This south segment from Tropicana Parkway to Pine Island Road costs $13.6 million. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Summerlin Road from Bass Road to John Morris Rd (ROW2022-00185): Andrew Sitework LLC will be performing sidewalk replacement, landscaping, Grading and sodding, and irrigation improvements along Summerlin Road from Just east of Bass Road going West to John Morris Road. We are proud to partner with Cleveland Avenue and tap into over 200 years of collective experience across industries to prepare more entrepreneurs in Illinois for initial and follow-on investments. This is anticipated to be completed by the end of March 2023. The projected end date is April 30, 2023. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Cleveland Avenue Announces $70 Million CAST US Initiative for Minority Cleveland Avenue - Crunchbase Investor Profile & Investments Intersection Markings: Intermittent Lane closures and delays are possible on 2-16-23 through 2-22-23 between the hours of 9:00 a.m. to 4:00 p.m. (weather permitting) on the following roadways: Southbound will be detoured from Bell Blvd. Chrome Extension. For questions, please contact Kris Cella at (239) 337-1071. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. We have tried to select a variety of different types of investors across a variety of niches. Northbound Bell Blvd. Cleveland Avenue, LLC, a privately-held venture capital firm that accelerates and strategically invests in innovative concepts and emerging brands, is leading an impact initiative to bridge the . CORKSCREW ROAD (ROW2021-00003): Mastec will be working on the power line along the east bound lane of Corkscrew Road, approximately 100 ft east of Three Oaks Parkway, and will require an eastbound lane closure starting on Monday, January 30, 2023 and pole will be completed by Friday, February 10, 2023. The detour and one-way road on Imperial Shores Blvd. Cleveland Avenue (investor) | Nordic 9 Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. Then install the water main on the south side of Crystal Drive from Plantation Road to US 41 to tie into a connection point on the east side of US 41 just south of Crystal Drive. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. Their latest investment was in Zerocater as part of their Series C on February 2, 2023. Cleveland Avenue | LinkedIn Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. Presto, Cleveland Avenue, and Ventoux are the perfect partners for this next chapter in the public markets given our joint focus on transforming the restaurant industry using the best next-generation technology, said Krishna K. Gupta, Chairman of Presto and CEO of Remus Capital. Bonita Beach Road SW @ Imperial Shores Bonita Springs (ROW 2022-00816): Andrew Sitework LLC will be performing construction on Imperial Shores Blvd starting July 26, 2022, from Bonita Beach Road to Tarpon Avenue. The contractor is Wright Construction. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. World Business Chicago's annual venture summit expands to food innovation, May 25-26, 2022; Over 400 founders, innovators, and investors, will meet to discuss why Chicago is a global food . The projected start date is October 1, 2022. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. The awards and certifications we receive from customers and industry bodies reflect our continued commitment to excellence. Rocketreach finds email, phone & social media for 450M+ professionals. Iona Road from John Morris Road to Tahitian Drive (ROW2022-00937): Pike Electric will be working on the overhead power lines. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family foundations, and prominent financial institutions have come together to support a more inclusive venture capital ecosystem and more directly impact Black, Latinx, and women entrepreneurs in Chicago through the CAST US initiative. Start Free Trial . Lane closures will be limited to between the hours of 9:00pm to 5:00am. Work will be done between the hours of 8:00 PM 4:00 AM. Dom's Kitchen & Market, which is part market and part kitchen, said on Wednesday that it has raised another $15 million in growth capitalbringing the total amount to $25 million. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. It is estimated that this detour will remain in place until the end of December 2022 until the new underground drainage is installed up to Pine Lake Rd. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Dom's expects to open its first location in Chicago in June. Cleveland Avenue | 4,571 followers on LinkedIn. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. In connection with the proposed business combination involving Ventoux and Presto, Ventoux has filed a registration statement, which includes a preliminary proxy statement/prospectus, with the SEC. On heavy haul days, GL Homes will be providing flaggers to reduce backups on Corkscrew Road. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. This press release is not a substitute for the proxy statement/prospectus. Alico Road Curb Cut Amazon RSW5 (ROW2022-00853): Plateau Excavation, Inc. will be performing the roadway improvements, indicated as 19 ROW Alico Road on the permit, beginning Monday, January 09, 2023 and continue through Friday, March 17, 2023. Therefore, motorists and pedestrians are urged to use extra caution in the area. Welcome to Cleveland Avenue LLC- a venture capital firm that strategically consults and Invests in restaurant, food & beverage concepts. , New York), and Somrus (a line of Indian flavoured liqueurs). | Founded by Don and Liz Thompson, Cleveland Avenue (CA) is a privately-held venture capital firm that invests in, builds and extends brands across a range of companies, industries and locations. Flaggers will be in place directing traffic around the work area on the east side of Imperial Shores. Founded in 2015 by industry veteran Don Thompson, we support entrepreneurs whose innovations are disrupting the norm. John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. After a lifetime empowering entrepreneurs and setting the stage to substantially advance more Black, Latinx, and women-owned businesses on the South and West Side of Chicago, Im beyond excited to work alongside Don, Liz, and the entire Cleveland Avenue team to support more inclusive investments, economic development, and job creation in our community.. You can read more about your cookie choices at our privacy policyhere. Launched in 2016, Benefit Chicago is a collaboration between the John D. and Catherine T. MacArthur Foundation, The Chicago Community Trust, and Calvert Impact Capital. Cleveland Avenue Cleveland Avenue General Information. Submitters are 7x more likely to receive a qualified connection. This shift will allow for the next phase of construction of the bridge/wildlife crossing, box culverts, and roadway on the north side (westbound) of the project. Accel/Decel Lane, Catch Basin/Culvert Pipe, Curb & Gutter, Sidewalk, Single Entrance, Turn Lane, and Asphalt Pavement improvements will be performed between Lee Road and Domestic Avenue. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Venture Capitalists (VC) play an important role in the startup ecosystem. Area Wide Protective will be providing MOT services. The restoration efforts are part of a new underground utility improvements project for Lee County. The Village is currently designing the path to extend to the east property line of Bella Terra and on the north side of the road to east of Grandezza. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. Motorists will be guided to stop short of the stop bars when leaving these communities to provide space for the trucks to back in along the roadway and deliver limerock to build the road. These documents (when they are available) can also be obtained free of charge from Ventoux upon written request at Ventoux CCM Acquisition Corp., 1 East Putnam Avenue, Floor 4, Greenwich, CT 06830. The project includes adding on-road bike lanes, some sidewalk, installing new drainage, and constructing a wildlife crossing approximately 1000 feet west of the entrance to Cypress Shadows Boulevard. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. New York (July 26, 2022) Ventoux CCM Acquisition Corp. (Ventoux) (NASDAQ: VTAQ) and Presto today announced revised merger deal terms resulting in a $60 million equity investment alongside approximately $40 million expected from other sources, including $13 million held in Ventouxs trust account assuming no redemptions, into their previously announced business combination which will result in Presto becoming a publicly traded company. The investment approach is cautious to ensure the preservation of capital. Cleaveland Avenue makes investments in food & beverage companies and restaurant concepts such as Drink (a nonalcoholic beverage bar in New York City, New York), and Somrus (a line of Indian flavoured liqueurs). Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. The proxy statement/prospectus will be sent to stockholders of Ventoux. Each segment will have most of the construction completed prior to moving to the next segment. ILGIF has been at the forefront of increasing equity, diversity, and inclusion within the venture capital ecosystem with 40 percent of its committed capital invested with venture capital firms led by women and people of color. Founded by Don Thompson, the former President and CEO of McDonald's Corporation, Cleveland Avenue is a Chicago-based venture capital firm that invests in lifestyle consumer brands and technology companies that positively disrupt large and growing market. 2. This project consists of widening Burnt Store Road to four lanes. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project.
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