Category: Hi-Tech

Bitwise 41 in Downtown Fresno taking shape

FRESNO, Calif. (KFSN) — Bitwise 41 in Downtown Fresno is taking shape. Offices are getting closer and closer to completion in the building formerly known as the Old Spaghetti Factory.

“We are inside, so the glass is in, lights are up, doors are on, windows are set and you can tell it is starting to look like a finished building which is super exciting,” said Channelle Charest with Bitwise.

The new building is adding to Bitwise Industries growing footprint in Fresno. They have four campuses total and two of them are currently under construction including Bitwise 41 on Ventura and R street. It’s located just steps away from the Hive and State Center Warehouse.

“Accessibility is key, anyone can get here, it is super easy to see right off the freeway and it is a historical building in Fresno,” said Charest.

Business FresYes reality has already announced they’re moving in along with 150 agents, they’re taking up the entire second floor. They’re not the only ones, Express Employment Professionals is also calling the building home and, More tenants are on the way. Bitwise is staying tight-lipped but is dropping some hints.

“It will be a mix of our base tech tenants which is great,” she said. “They will be focusing on education and also expanding our startup community in Fresno as well.”

In addition, they’ll also have others moving in that will support their current occupant base. Bitwise 41 is scheduled to open August 1st of this year.

NEW STATE GROUP TO PROMOTE OPPORTUNITY ZONES

image via caloz.org

image via caloz.org

Published On March 25, 2019 – 11:58 AM
Written By The Business Journal Staff

A new California organization has been formed to help investors and developers take advantage of federal Opportunity Zones.

CalOZ “will promote competitive, equitable and sustainable Opportunity Zone investments in California,” according to a release from the organization.

“Our state must embrace new strategies to rebuild an upward economy that works for all Californians,” said Kunal Merchant, president and Co-Founder of CalOZ. “Opportunity zones offer an important new tool, not only to promote economic mobility and the green economy in areas of our state that need it most, but also to re-evaluate and re-imagine how business, government, and community work together to foster a more competitive, equitable and sustainable economy in California.”

In President Donald Trump’s 2016 Tax Cuts and Jobs Act, he outlined what was labeled Opportunity Zones, which offered tax breaks on capital gains for investments in distressed areas.

In Fresno, a number of the areas were established, including the Kings Canyon and Blackstone avenue corridors.

On average, Opportunity Zones have a poverty rate of nearly 31 percent with families making 59 percent of the median income for the area, according to the release, citing information from Economic Innovation Group.

“Opportunity zones offer an intriguing new pathway for our state to expand our middle class and restore the California Dream for all residents,” said Ashley Swearengin, Central Valley Community Foundation’s CEO and former Mayor of Fresno. “I’m thrilled to see CalOZ showing leadership on this issue and excited to support their work both in the Central Valley and state as a whole.”

CalOZ’s first priority will be coordinating with the state to create “high-impact” policies in addition to the ones being offered by the federal government. The plan is to create a “triple-bottom line mindset” for social, environmental and financial opportunities, according to the release.

“With more than three million Californians residing in opportunity zones, California can and must seize the chance to deploy an unprecedented source of private capital into the communities that need it most, “ said Jim Mayer, President and CEO of California Forward. “We’re proud to partner with CalOZ to support state and local action to ensure California emerges as a national leader in this program.”

The U.S. Department of the Treasury certified more than 8,700 qualified areas throughout the country. Of those, California has around 10 percent within its boundaries. And Fresno County is ranked third in terms of having the largest designated Opportunity Zones, according to Merchant.

Those designations will last through the end of 2028.

New state group to promote Opportunity Zones

Remote workers and super commuters are on the rise – and they probably make more than you

New automated Visalia store will have no cashiers, no lines

A California computer scientist is set to compete for millennial dollars right here in Visalia.

Computer scientist Aamir Farooqui plans to open a 1,800 square-foot, fully-automated convenience store, similar to Amazon Go.

Based in Sacramento, Farooqui says his new concept store is the first of its kind in the Central Valley. He hopes to duplicate it elsewhere, he said.

An automated convenience store relies on computers and robotics. Amazon calls it “just walk out” shopping.

The new Visalia store will be built at 707 S. Bridge St., in the middle of the city.

Currently, it’s a vacant lot sandwiched between a second-hand store and homes. Farooqui bought the vacant parcel last year.

The developer is seeking a conditional-use permit from the city for the new store.

“In our model, we will be using new type of vending machines equipped with WiFi and cameras,” Farooqui said. “People can buy merchandise using cash (after converting to gift cards), credit or debit cards or through a mobile app. At the store opening, we plan to give away 100 free gift cards to our first customers.”

These kinds of stores have taken off in Europe where they go by the names of SmartMart and RoboMart. Farooqui says he has yet to choose a name for the Visalia location.

He hopes to open as soon as possible.

Not having on-site employees will allow the business to save money although it may take shoppers a little time to get used to a new routine using technology.

“Our goal is simply to reduce the cost of running a store for small businesses and at the same time offer 24-hour convenient service to the local community.”

Amazon’s model is simple.

“You simply walk in, grab what you need, and go. Amazon bills your credit card as you pass through the turnstile on your way out,” he said. “Moments later, an app on your phone provides a receipt detailing what you’ve bought, what you paid, and even how long you spent inside.”

Grocery stores are automating the shopping experience led by Walmart and Sam’s Club. The Visalia Walmart is installing more automated check-out devices and Sam’s Club wants to allow shoppers to scan products by holding their smartphones over a product, without having to find and capture a barcode on the package.

Microsoft is said to be developing technology that can track what shoppers add to their carts.

Meanwhile, Target is changing item pickup service at the stores with Pickup Towers, making the in-store process automated.

https://www.visaliatimesdelta.com/story/news/2019/03/08/new-automated-visalia-store-have-no-cashiers-no-lines/3105346002/https://www.visaliatimesdelta.com/story/news/2019/03/08/new-automated-visalia-store-have-no-cashiers-no-lines/3105346002/

Bitwise teams up with FresYes Realty open third downtown location

Bitwise Industries is teaming up with Fres-Yes realty company and expanding to a new location in Downtown Fresno.

It will be located at the Old Spaghetti Factory building on Ventura and R Streets.

The building will be the third location for Bitwise, which already has South Stadium Van Ness and The Hive.

The second story of the new building, called “Bitwise 41,” will eventually have a team of 150 FresYes agents working there.

Organizers say they hope the new location will inspire other businesses to come to Downtown Fresno.

“So I think the exciting part as far as visibility goes you can’t get more visible than this building right here. 41 is directly behind me. North and south. 45,000 cars going each way. It is a prime location for just visibility alone,” said Channelle Charest with Bitwise.

Bitwise 41 is expected to be ready to occupy in April.

A grand opening will be held in early summer.

New distribution center coming to Visalia’s industrial park

Visalia’s industrial park continues to grow.

MilliporeSigma, a Massachusetts-based life science company, provides research, process, and applied solutions to scientists and engineers.

A spokesperson confirmed the company plans to lease a soon-to-be built facility along Riggin Avenue, near Plaza Drive.

“This site was chosen due to its central location and easy access to transportation routes,” said MilliporeSigma Spokesperson Karen Tiano.

It will serve as a west coast distribution center for Millipore Sigma’s life science products.

Tiano said the center will create around 30 new jobs.

It’s expected to be open later this year.

Bitwise gets grant for job readiness program

Central Valley Business Times 

December 19, 2018

• James Irvine Foundation ponies up $350,000

 • “Unexpected people and places have huge contributions to make”

Bitwise Industries Inc. of Fresno says it has received a two-year grant of $350,000 from the James Irvine Foundation to help pay for its Geekwise Academy web developer job readiness programs.

The programs train unemployed and underemployed workers in the San Joaquin Valley for middle-wage jobs in the tech industry.

“The assumption that to be successful in technology, you must be a computer scientist in the Silicon Valley with a degree from a high-profile university, is one that has kept people in the Central Valley from exploring computer programming as a career,” says Irma Olguin Jr., co-founder and CEO, Bitwise  Industries. “We know that, if given an opportunity, unexpected people and places have huge contributions to make to the technology industry.”

One of the biggest problems facing the tech industry is the inabilityto find talent fast enough to keep up with demand. The purpose of Geekwise, theeducational arm of Bitwise, is to train software developers in Fresno. To date,Geekwise says it has educated 3,500 students and intentionally cultivated astudent population that is more than 50 percent female, 50 percent minority and20 percent first-generation immigrant.

https://files.constantcontact.com/2cb20f61601/3834d3d7-5da2-43f5-aa83-1088bc4a2dc0.pdf

UC Merced working to open new management school

UC Merced is growing and changing and one of the biggest changes will be a new standalone business and management school.By Nathalie GrandaFriday, December 14, 2018 04:18PMMERCED, Calif. (KFSN) –UC Merced is growing and changing and one of the biggest changes will be a new standalone business and management school.

The university is working to create a new interdiscplinary school, one that university officials are calling the “management school of the future”.

“We’re taking existing programs, putting them together and focusing them together on this complex system,” Gallo School Planning Initiative Director Paul Maglio said.

The new Gallo school will bring together educators from the schools of engineering, natural sciences and humanities to teach students under one main focus. The university is already known for its focus on research and science, and the new school will be incorporating those science components into their program.

“In a business school, you tend to focus on profit. In natural resources you tend to focus on the planet. In cognitive science, you tend to focus on people. We’re bringing all that together to have a sustained focus all at the same time,” Maglio said.

The university’s Ernest & Julio Gallo School of Management already has graduate business programs.

Graduate student Taylor Fugere said the science-based business program is what drew her to UC merced, and she’s hopes a new school will bring more interested students.

“I think UC merced moving in that more specialized direction is going to be really helpful in people being able to explore different career options, and being able to have more opportunities for a hands-on educational experience.”

The process will take a few years. Ultimately, the new school will need to be reviewed and approved by several campus administrators, and the University of California regents. University officials hope to have the school in place by 2021.

https://abc30.com/education/uc-merced-working-to-open-new-management-school/4898598/