We are intentionally committed to addressing the capital gap for underrepresented entrepreneurs and underserved communities in Chicago. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. This work will be performed under a One Lane Road Operation. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Learn more. 1375 Euclid Avenue, Cleveland, Ohio 44115 (216) 916-6100 | (877) 399-3307 WKSU is a public media service licensed to Kent State University and operated by Ideastream Public Media. This press release is not a substitute for the proxy statement/prospectus. Southbound lane along Nalle Road will be subject to temporary daily lane closures. All work will be completed by Lee County DOT Traffic staff and will be completed between 7:00 PM and 5:00 AM on Thursday February 16, 2023. All information set forth herein speaks only as of the date hereof in the case of information about Ventoux and Presto or the date of such information in the case of information from persons other than Ventoux and Presto, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Cleveland Avenue has made 43 investments. 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 Staff | Feb 23, 2023 Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. 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. VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. Each segment will have most of the construction completed prior to moving to the next segment. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. , New York), and Somrus (a line of Indian flavoured liqueurs). Chrome Extension. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Speeding Porsche driver crashes in ball of flames in Roseville while eluding patrol, is badly hurt, Zerocater Raises $15 Million, Announces Expansion, Evigence Secures $18M in Series B Funding to Expand Commercialization of Freshness Management System, Evigence Raises $18 Million for Food Freshness Tech. 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. 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. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. Drivers are urged to use extra caution when traveling through the work zone. traffic will be detoured east on Sentinela Blvd. Chicago-based Venture Capital firm Announces $70 Million CAST US Initiative for Black, Latinx, and Women Entrepreneurs, Cleveland Avenue convenes the Illinois State Treasurer Frerichs, the Walter Family, Benefit Chicago and Impact Investors to empower underrepresented entrepreneurs. The work to complete this change will include installation of Qwick Curb along the centerline of Westgate Boulevard, as well as signing and pavement marking modifications, as needed, to restrict the eastbound and westbound movements to only right turns in and out at the intersection. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. Periodic lane closures will occur during the dates provided and as described for travel lanes between 9:00 PM to 6:00 AM nightly, Monday through Sunday. Crews will work on the west side of the road initially and when that work is completed, they will shift to the east side of Cleveland Avenue/US 41. Motorists wishing to access NB Imperial Shores should follow the detour to Imperial River N, to Tarpon Ave. W and travel South on Imperial Shores Blvd. Pondella Road Bridge Maintenance Activities: Lee County DOT Contractor, Villafuerte Construction, will perform maintenance activities on the Pondella Road Bridge. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. Cleveland Avenue LLC. Lane closures will be limited to between the hours of 9:00pm to 5:00am. When available, these documents can be obtained free of charge from the sources indicated above. For all other questions please call general foreman Denny Spencer (239)810-9071. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Cleveland Avenue has tremendous experience investing in innovative food and technology brands and restaurant operation platforms with an impressive portfolio that includes Beyond Meat, Footprint and Farmers Fridge. Submitters are 7x more likely to receive a qualified connection. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. The projected end date is March 31, 2023. Crews are expected to work 7 a.m. to 7 p.m. Storm water work outside of sidewalk/travel lanes will be ongoing from Wednesday, January 11, 2023 through Friday, February 24, 2023. ACME Barricades will provide maintenance of traffic services (239) 479-5266. Area Wide Protective will be providing MOT services. Hancock Bridge Parkway CIPP Project, Cape Coral Lee County DOT and their contractor Shenandoah General Construction will begin pipelining activities on Hancock Bridge Pkwy January 3, 2023. Real Times Media. ILGIF aims to invest more than $1 billion on a recurring basis creating an estimated 60,000 jobs per investment cycle. our sites and services. Founded at M.I.T. The proxy statement/prospectus will be sent to stockholders of Ventoux. The curb/sidewalk demo for the entrance to Logistics Drive, between Lee Road and Domestic Avenue off Alico Road will occur between Monday, February 6, 2023 and Tuesday, February 28, 2023 and affect the outside travel Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. GL Homes is actively working in their development site across from Wild Blue Boulevard. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. bridge between Crestview Pl & Scenic St, mile south of the Joel Blvd/ Leeland Heights Blvd. Fueling the success of Black, Latinx, and women entrepreneurs by investing in CAST US is a powerful opportunity to fight racial injustice and build a more equitable future in Chicago, said John Palfrey, president of the John D. and Catherine T. MacArthur Foundation,which is supporting a $10 million investment in CAST US through its Benefit Chicago collaboration withThe Chicago Community Trust, Calvert Impact Capital, and other impact investors. 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. Pedestrians are not permitted on the Sanibel Causeway. 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. Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Fueling the success of Black, Latinx, and women entrepreneurs by investing in CAST US is a powerful opportunity to fight racial injustice and build a more equitable future in Chicago, said John Palfrey, president of the John D. and Catherine T. MacArthur Foundation,which is supporting a $10 million investment in CAST US through its Benefit Chicago collaboration withThe Chicago Community Trust, Calvert Impact Capital, and other impact investors. 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. You can read more about your. He has been with Cleveland Avenue since its inception in September 2015, and has a 30-year career leading financial organizations, including having spent 16 years at McDonalds Corporation. IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 This is anticipated to be completed by the end of March 2023. Operating Status Active. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Cleveland Avenue | 4,571 followers on LinkedIn. Scotts Safety will be providing all maintenance of traffic services for this project. (970) 948-9787. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. Copyright 2023 Cleveland Avenue, LLC. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. Westgate Boulevard at 8th Street West: Lee County DOT will be implementing a traffic pattern change at the intersection of Westgate Boulevard and 8th Street West. The Cleveland Avenue State Treasurer Urban Success Initiative (CAST US) intends to leverage the investment and entrepreneurial development expertise of Cleveland Avenue to support historically underserved entrepreneurs. During the work processes, men and equipment may be temporarily in the roadway. For more project information please contact the Citys public information consultant, Cella Molnar & Associates, Inc. at 239-337-1071 or via e-mail to thayden@cella.cc. All rights reserved. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. media@presto.com Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. Motorists should expect delays and use caution as construction vehicles enter/exit the roadway. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. Ryan Gardella & Michael Bowen 03 or The firm prefers to invest in seed-stage, early-stage, and later-stage companies. brock@ventouxccm.com Cleveland Clinic Ventures Investments (23) Company Name Deal Date . Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. In October 2022, it closed a $11.5 million Series B with investors including Cleveland Avenue State Treasurer Urban Success Fund, Fearless Fund, Kaya Ventures, and Supply Change Capital. The awards and certifications we receive from customers and industry bodies reflect our continued commitment to excellence. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. 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. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Motorists should expect construction vehicles pulling in and out of traffic near the driveways of The Preserve at Corkscrew and Bella Terra. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. Please use caution and drive with courtesy and patience throughout the project area. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. All rights reserved. Starting on February 1, 2023/February 3, 2023, there will be a two-lane closure on the eastbound middle and righthand lane on Alico Road. Then continue east to Austin Street and west under US 41 to the north side of Brantley Road and tie into a connection point between Pine Grove and Brantley Pines driveways. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Media: Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 The project will be constructed in three segments. Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. Diversity Spotlight (US Headquarters Only). Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. 1. It will be necessary to close the roadway in small sections and detour traffic around the work area. For further information, please contact Eli Enders at (239) 433-3000. Cleveland Avenue State Treasurers Urban Success Fund. This project is expected to be completed in summer 2023. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. Fiddlesticks Boulevard at Daniels Parkway and Palomino Lane at Jobe Road/Kings Crossing Road: Lee County DOT will be performing repairs to the Qwick Curb along the centerline of Fiddlesticks Boulevard at Daniels Parkway and Palomino Lane at Jobe Road/Kings Crossing Road. Together, we are creating an ecosystem of business development that will make Illinois a hub of innovation with a diverse and talented group of entrepreneurs, Frerichs said. For additional information, please contact Rhett Tillman at (239) 533-9400 or email at rtillman@leegov.com. Drive-thrus are well-suited for automation. We have curated a list of the top Cleveland Venture Capitalists (VC). For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Lehigh Acres Municipal Services District (LAMSID) along with Ajax Paving Industries of FL (contractor) will be resurfacing six bridge locations in Lehigh Acres. Description. CHICAGO, IL (March 3, 2021)- 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 capital and resource gap for Black, Latinx, and women-owned companies in Chicagos South and West Side neighborhoods. The detour and one-way road on Imperial Shores Blvd. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Bonita Beach Road at US HWY 41 Bonita Springs (ROW2023-00205): Tierra, Inc. will be performing roadway pavement cores beginning Monday, February 27, 2023 and continue through Friday, March 3, 2023. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. Motorist should use caution and expect some delays when work is active. Start Free Trial . We believe the additional capital provides a powerful vote of confidence in the business combination and will give Presto all the tools needed for an excellent start in its public life. . 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. Some of our portfolio brands include Beyond Meat, Farmer's Fridge, Zero Cater, Sustainable . The documents filed or that will be filed with the SEC relating to the proposed business combination (when they are available) can be obtained free of charge from the SECs website at www.sec.gov. Motorists should expect intermittent Northbound and Southbound Lane closures during nighttime/overnight hours, weather permitting. Not only do they know the industry inside out, they share our vision for transforming physical industries with advanced digital automation, said Rajat Suri, Founder and CEO of Presto. 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. The projected start date is January 30, 2023. 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. However, Ventoux, Presto, and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the proposed business combination under the rules of the SEC. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. This project should be complete by the end of February. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. In the greater Chicagoland area, Black and Latinx entrepreneurs have 80 percent of their equity capital needs going unmet compared to 46 percent of white business owners, according to a recent study by the consulting firm Next Street. Work is expected to be completed by the week of March 6, 2023. The roadway north and south of the work area will be open to two-way traffic. 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 .
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