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Business notes | Brainerd Dispatch

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The Brainerd Lakes Area Economic Development Corp. annual meeting is March 24.

The event begins at 7:15-8 a.m. with registration/breakfast buffet, followed by the annual meeting at Arrowwood Lodge at Brainerd Lakes, Baxter.

There will be a $20 registration fee per attendee.

For more information, contact Megan Rehbein at megan@growbrainerdlakes.org or call 218-828-0096 ext. 5.

Registration is due Friday, March 13.

The Lakes Area Human Resource Association is hosting a session on leadership from 11:30 a.m. to 1 p.m. Thursday, March 12, at Northern Cowboy Flame N’ Brew, 19090 State Highway 371, Brainerd.

“Leading Imperfectly: The Value of Being Authentic Leaders, Professional & Human Beings” will be presented by James Robiolotta.

In this session, attendees will be asked to think about the way they communicate with each other differently by considering this concept: authentic leadership is about using your experiences, your shortcomings and lessons learned to make yourself appear human to your co-workers to create more genuine relationships thus boosting morale and trust.

In this manner, leaders earn far more respect and admiration than they would from trying to be a leader who is a flawless hero. In turn, the bonds formed are tighter and the greater the influence people can have on one another.

Outcomes include:

  • Learning the definition and application of “Authentic Leadership.”

  • Discovering the importance of being a leader who is purposeful, empowering, real and moral.

  • Differentiating between being a hero and a role model (role models make and learn from mistakes instead of trying to be seen as flawless heroes).

Admission is free for paid members and first time guests interested in LAHRA. Other guests pay $25. For more information, go online to www.lahra.org.

Pine Peaks Wedding & Event Center is hosting Business After Hours from 4:30-6 p.m. Tuesday, March 10, at their location north of Crosslake.

The venue includes a retreat house, large event center, fireplace pavilion, and on-site catering by Maucieri’s. Guests will be able to walk through the event space, grounds and guest house while having a wide range of appetizers and beverages provided by Maucieri’s. The event will also include a mix of desserts. Staff will be strategically located to answer any questions.

Dave and Julie Peterson are introducing the new owners, David and Priscilla Soos. David Soos is the corporate director of restaurants for the Morrissey Hospitality Group in St. Paul.

Properties they manage are The St. Paul Hotel, Hotel Minneapolis, St. Paul Grill, Pazzalumna, Tria Restaurant, Bar & Event Center, to name a few. Priscilla Soos will be operating Pine Peaks Wedding and Event Center.

Everyone is invited to learn more about the chamber and gain exposure for their business by

attending this free event. Business After Hours attendees pass the microphone and introduce

themselves to the group.

New for 2020 Business After Hours, names for the Host Grand Prize will be drawn from a tumbler filled with all current chamber members. If a representative of the business name drawn is present then he/she will be the recipient. If not, the prize will be drawn for at the next Business After Hours. As a courtesy to the host, advanced registration is recommended. To make your reservation, go online or call 218-829-2838.

For those not able to attend, join us on Facebook for a live video interview with the host at 5:30 p.m.

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Supreme Announces Business Model and Name Change

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One of North America’s leading steel solution providers returns to its roots

ACHESON, AB, Oct. 27, 2020 /CNW/ – Supreme is proud to announce a major change to our business model and to simultaneously unveil an exciting refresh of our operating name and brand.

Since 1972, we have been transforming landscapes across western Canada and the United States with major projects like the Rainier Tower in Seattle, the Port Mann Bridge in Vancouver and the Diavik diamond mine in the Northwest Territories, to name a few.

Today we honour our history, returning to the roots set down by company founders John and Sally Leder.

Our company is rolling together the brands Supreme Group, Canron, Midwest Constructors and Supreme Industrial.

Going forward we will be known as Supreme Steel LP.

Along with our brand and name change, our services have been refined.

Supreme Steel will no longer offer large scope general contracting or multi-disciplinary module construction services. Structural steel and bridges have built the company’s foundation as a focused leading steel solution provider, and we are recommitting to these offerings.

Over the past 50 years, our family-run company has developed expertise in fabricating and constructing extraordinary steel projects. From bridges to skyscrapers, maintenance work to plant modifications, and potash headframes to barges Supreme is your complex steel solution provider. Our large facilities and strong geographical diversity allows us to provide these services from coast-to-coast.

Please visit our new website www.supremesteel.com to view our brand story and to read more about our offerings.

Exceptional people. Enduring relationships. Extraordinary solutions

SOURCE Supreme Steel

For further information: Media Contact: Rhandi Berndt, Marketing & Communication Coordinator, Supreme Steel, [email protected]

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AIG to depart from life & retirement business

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“AIG’s executive management and board believe a simplified corporate structure will unlock significant value for shareholders and other stakeholders,” a company release said. “Although no decisions have been made as to how to achieve a full separation, the board’s intent is to accomplish it in a way that maximizes shareholder value and establishes two independent, market leading companies.”

“Over the last three years, we have taken significant action to de-risk AIG and position the company for profitable growth, including fortifying general insurance, diversifying life & retirement, significantly strengthening AIG’s capital and liquidity position, and building a world-class team,” said outgoing AIG CEO Brian Duperreault in a statement. “This foundational work has positioned AIG to pursue a separation of life & retirement enabling both companies to prosper as stand-alone entities.” 

Read more: AIG appoints Peter Zaffino as CEO

AIG’s decision to separate from the life & retirement business comes shortly after it named Peter Zaffino to serve as the company’s newest chief executive officer, succeeding current CEO Duperreault. Duperreault will transition into a new role as executive chairman of the company.

“Across AIG, we have made significant progress executing on our strategy to deliver value for our clients, distribution partners, shareholders and other stakeholders,” commented CEO-elect Zaffino on the decision. “Our businesses can be further strengthened by separating life & retirement from AIG, which we believe will enable each entity to achieve a more appropriate and sustainable valuation.”

Coinciding with the major announcement, AIG also revealed its Q3 2020 catastrophe loss estimates. The company’s catastrophe loss estimates for the third quarter, net of reinsurance, totaled US$790 million (before tax). Of that US$790 million, there was US$185 million of estimated catastrophe losses for claims related to COVID-19 – principally in AIG’s travel, event cancellation, trade credit, property, agriculture, and casualty books of business.

AIG also announced the results of its annual actuarial assumption update for the life & retirement and legacy segments. This year saw lower interest rate assumptions, including a decrease in the expected 10 year forward 10-year Treasury rate to approximately 2.8%.

The company recorded a third quarter 2020 charge of US$7 million, after-tax (US$9 million pre-tax), to net income attributable to AIG common shareholders, representing a charge of US$22 million, pre-tax, in the life & retirement segment and a benefit of US$13 million, pre-tax, in the legacy segment.

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City of Lethbridge looks to update minimum parking bylaws for businesses – Lethbridge

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Kelti Baird is part owner of Theoretically Brewing Company in Lethbridge. She and her business partner would like to use their underutilized parking lot to expand the business, but red tape from the city is stopping them.

Baird went in front of the Community Issues Committee meeting on Monday to ask city council to abolish minimum parking bylaw requirements so the lot can move forward.

“The minimum parking requirement and Land Use Bylaw 6300 is outdated and is actually detrimental to the business community here in Lethbridge,” Baird said.

“[The bylaw] requires businesses, based on their square footage, to provide so many different parking stalls in order for customers to be satisfied,” she explained.

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Read more:
Lethbridge gymnastics company denied parking waiver, expansion put on hold

The city developed the bylaw in the 60s and after doing some research and consulting with nearly a dozen other businesses in Lethbridge, Baird feels it does not fit well with the current structure of Lethbridge.

“It requires too much land use to be designated into parking — parking is dramatically underutilized,” Baird said.

“It essentially subsidizes people driving cars, rather than taking alternative methods of transportation like biking, walking, or transit,” she added.

Edmonton recently became the first city in North America to abolish minimum parking requirements citywide, and implement an open option approach instead.

Read more:
Edmonton removes minimum parking requirements city-wide

According to Baird, there are other cities across North America have also modified their minimum parking requirements to better fit the needs of businesses.

“It’s not that no new parking is developed — it’s that the amount of parking that is developed is appropriate for the size and the needs of the businesses in the area,” Baird said.

Cyndi Vos, CEO of the Lethbridge Chamber of Commerce told Global News in a statement that “businesses should have a say” when it comes to their onsite parking.

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“Many businesses now are running on non-traditional structures and should not have to limit their business growth on outdated parking bylaws,” her statement said.

At the committee meeting, the city recognized that minimum parking requirements can be a challenge for businesses such as Baird’s and create red tape.

City officials say consultations will be done and changes could be implemented as early as next summer.


© 2020 Global News, a division of Corus Entertainment Inc.



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