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Yahoo
2 days ago
- Business
- Yahoo
I-X Center one step closer to being repurposed — what it would mean for events
CLEVELAND (WJW) – It appears the I-X Center's long tradition of hosting special events will be coming to an end. Legislation approved by Cleveland City Council on Monday night is the next step in repurposing the iconic complex for an economic development project that could generate millions of dollars in tax revenue each year. 'We knew we were going to transition the I-X Center at some point in time and basically we have an opportunity to attract a major employer to bring more jobs in and more income to the city of Cleveland,' city council president Blaine Griffin said. Kent State to close LGBTQ+, women's, multicultural centers The I-X Center has had a long and colorful history since being built in 1942 as the Cleveland Bomber Plant. For many years, it was known as the Cleveland Tank Plant before being converted into a venue for major events and conventions. In 2001, the I-X Center became part of the city of Cleveland in a land swap with Brook Park. In 2021, Industrial Commercial Properties took over the lease with the city. ICP has indicated that a major corporation wants to rent one million square feet of space in the I-X Center, creating more than 200 new jobs. The deal was dependent on the city agreeing to re-negotiate the current lease — set to run through 2039 — for a new lease that will run for the next 49 years. 'It attracts an opportunity for a Fortune 100 company to bring 250 high paying jobs that helps our revenue and our economy,' said Griffin. City officials are not revealing the company interested in the space at the I-X Center, but those who support the new lease said it would also enable the city to gain control of 69 acres of land to the west and south of the complex, adjacent to Cleveland Hopkins International Airport. 'Quite frankly, I think we should have been more ambitious and bought more land around Brook Park and the airport a long time ago,' Griffin said. Vehicle crashes into Euclid dispensary: Officials City council approved the new lease by a vote of 13 to 2, with councilmen Mike Polensek and Brian Kazy opposing the legislation. Critics of the proposal questioned how it would affect the future of events that have been held at the I-X Center for many years, including the Cleveland Auto Show and the Great Big Home and Garden Show. Supporters of the re-purposing of the I-X Center maintain the Huntington Convention Center will be an ideal new home for some of the large annual events, even though detractors question whether the convention center has enough capacity. In response, Griffin said, 'we've got a great convention center. We have great facilities downtown in the Central Business District. That's the reason that, you know, we made big bets a long time ago. It's one of the reasons why we so fiercely advocate for our Central Business District.' City officials have not revealed when special events at the I-X Center will be discontinued and when the new tenant will begin operations in the complex. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Wire
2 days ago
- Business
- Business Wire
SolarEdge Reaches Key Milestone at Austin, Texas Manufacturing Site, Driving Local Job Growth and U.S. Energy Independence with Flex
MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced a landmark achievement in its U.S. manufacturing operations: the production of its 250,000th solar inverter at the Flex (NASDAQ: FLEX) facility in Austin, Texas. The milestone marks a pivotal moment in SolarEdge's strategic initiative to bolster domestic manufacturing, energy resilience, and job creation nationwide. In recognition of this achievement, Texas Governor Greg Abbott has officially proclaimed June 2, 2025, as 'SolarEdge-Flex Manufacturing Milestone Day.' This declaration honors the significant economic, environmental, and technological impact of the SolarEdge-Flex partnership in the Lone Star State. 'Texas leads the nation in advanced manufacturing and energy innovation,' said Governor Abbott. 'The collaboration between SolarEdge and Flex reinforces our state's position as the energy capital of the world. These innovative companies help create good-paying jobs, drive economic growth, and meet growing energy demands with products proudly made in Texas.' SolarEdge has onshored its manufacturing and other operations, and has partnered with Flex, a global manufacturing leader headquartered in Austin, to build a robust domestic supply chain. The Austin facility has now produced a quarter of a million inverters used in rooftop solar installations across the U.S., which will soon join the SolarEdge products that have already been deployed on over 3.7 million homes and by more than half of Fortune 100 companies. 'This milestone is a testament to the power of American manufacturing,' said Marty Rogers, General Manager, SolarEdge. 'Together with Flex, we are expanding industrial capabilities within the region and deploying advanced manufacturing technologies to meet growing demand, all while reinforcing the reliability and resilience of the U.S. energy grid.' Key Impacts of the Austin, TX manufacturing site: 250,000 solar inverters produced Over 1,000 high-quality jobs created in Texas Strengthens supply reliability and access to American-manufactured products for SolarEdge's' customer base of installers across the U.S. Advanced manufacturing technologies, including automation and robotics, deployed for efficient, high-quality production Strengthened U.S. energy infrastructure, reducing reliance on foreign components "Flex's partnership with SolarEdge highlights our shared commitment to delivering innovation to market with speed, resilience, and quality to support U.S. energy needs,' said Dennis Kirkpatrick, President of the Lifestyle, Consumer, and Core Industrial Businesses at Flex. 'We thank SolarEdge for leveraging Flex's expansive U.S. footprint and trusting us to rapidly scale domestic production of their solar inverters in Texas.' As demand for clean, reliable energy continues to surge, SolarEdge and Flex are paving the way for future innovation and investment in domestic solar technologies while amplifying Texas' role as a cornerstone of America's clean energy economy. About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. SolarEdge is online at About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
Associated Press
28-05-2025
- Business
- Associated Press
Devart Named Top 25 Publisher in 2025 ComponentSource Awards
Devart is honored as a Top 25 Publisher in the 2025 ComponentSource Awards, reflecting strong global demand and developer trust in its tools. PRAGUE, CZECH REPUBLIC, May 28, 2025 / / -- Devart, a global provider of professional database management and connectivity tools, proudly announces it has been recognized as a Top 25 Publisher in the 2025 ComponentSource Awards, presented by the world's largest marketplace for software components and development tools. This annual recognition is based on real-world global sales data from ComponentSource, providing a reliable snapshot of current developer preferences and software trends. Devart's long-standing partnership with ComponentSource, dating back to 2005, has helped bring its high-performance products to customers across more than 180 countries. Founded in 1997, Devart has a long-standing mission: to empower professionals working with data and databases by helping them work faster, smarter, and with confidence. Today, Devart supports 500,000+ professionals at 40,000 companies across 140+ countries, including 65% of Fortune 100 companies. Learn more about the award: About Devart Devart is a multi-product company and a leading developer of database management software, ALM solutions, data providers for database servers, as well as data integration and backup solutions. About ComponentSource ComponentSource is the world's largest marketplace for reusable software components for all platforms. The respected barometer for the component industry, ComponentSource pioneered the open market for reusable software components in 1995, and continues to drive the market through its award-winning e-business model and groundbreaking work to establish the first widely accepted reusable component standard. Jordan Sanders Devart email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Fast Company
27-05-2025
- Business
- Fast Company
The return-to-office mandate is here. So is the open office. One has to go.
It's official: The era of remote work flexibility is over. From Fortune 100 companies to federal agencies, employees are being summoned back to office towers and cubicles under sweeping return-to-work (RTO) mandates. According to a January 2025 survey by Resume Builder, nine in ten companies will require workers back in the office by the end of the year, with 30% already enforcing full five-day, in-office schedules. The problem? We've failed to consider what employees lose when they leave their home workspaces behind. The office doesn't just move—it takes away employees' control over their environment. At home, employees discovered something revolutionary: control. They could adjust the lighting. Lower the noise. Choose their chair, temperature, background music, and even the scent of their workspace. For the first time, people could truly customize their environment to optimize their productivity. And it worked. Studies show employees working from home report lower stress, better focus, and higher productivity. But when they return to standardized open layouts complete with bright overhead lights, echoing voices, and a one-size-fits-all desk, they don't just lose flexibility; they lose the ability to perform at their best. For neurodiverse individuals, the consequences are even more acute. People with sensory sensitivities and learning differences such as ADHD, autism, anxiety, and dyslexia may find traditional offices overwhelming, disorienting, even paralyzing. In fact, 40% of neurodiverse individuals remain unemployed, often because the workspace itself is the barrier. A few years ago, I walked into a client's office and saw rows of open desks, bright overhead lighting, people chatting all around, and I instantly thought, 'There's no way I could work here.' As someone with dyslexia and ADHD, these environments have always been a challenge. I used to spend hours trying to find quiet corners, using noise-canceling headphones just to focus, or even working odd hours at home where I could control my space. That was a lightbulb moment for me: The modern office isn't designed for everyone—and certainly not for people like me. We talk a lot about square footage, seating charts, and collaboration spaces, but rarely do we talk about airflow, acoustics, texture, or privacy control. Yet these are the levers that most directly affect how people feel and perform at work. And research backs this up: Biophilic design —the integration of natural elements like plants, wood textures, and natural light— reduces stress by 30% and boosts cognitive function by 15%. Adjustable lighting and noise levels help people maintain focus, especially those with sensory sensitivities. Personalized workspaces help employees stay more engaged, more productive, and twice as likely to stay with their employer. These aren't luxury features. They are performance infrastructure that unlock human potential. IF YOU WANT A PEACEFUL AND EFFICIENT TRANSITION BACK TO OFFICE, GIVE EMPLOYEES CONTROL Return-to-office doesn't have to be a loss. It can be a gain. But only if we rethink how the office functions. It's time to move away from rigid, standardized layouts and instead design environments that adapt to the employee—not the other way around. That means letting go of the idea that more desks equals more work, or that open layouts naturally lead to collaboration. In reality, employees need environments that help them stay focused, manage stress, and feel comfortable being themselves. We've spent the last five years learning what people need to be productive. They need flexibility, sensory awareness, and control over their space. Ignoring those lessons now won't bring back the old office culture—it will just breed resentment and churn. Let's stop asking workers to leave their best work conditions behind. Instead, let's meet them halfway with offices that reflect what we've learned: Control is not a perk—it's a prerequisite for performance. As we usher in a new era of work, let's not default to old environments. Let's create spaces where everyone—not just the neurotypical, not just the extroverts—can thrive. Because when we design for the extreme, we uplift the mean.
Yahoo
22-05-2025
- Business
- Yahoo
Hinge Health IPOs at $32 per share, a sign that interest in digital health may be back
Hinge Health (HNGE), a digital health platform for physical therapy, debuted on the New York Stock Exchange at $32 per share Thursday and rising shortly after trading to $39. The company announced it would go public in March, marking the second time it would attempt to do so. It was valued at nearly $6.2 billion in 2022, when it first announced plans. Hinge aimed for a $3 billion valuation for Thursday, offering 13.7 million shares on the market. Hinge's initial public offering (IPO) is on the higher end of the range it provided, between $28 to $32 per share, to raise about $500 million. The IPO comes amid uncertainty about the health of the overall stock market—and after a years-long dry spell for healthcare IPOs. The industry peaked in the pandemic years, specifically in 2021, as demand for remote-based care options rose. That year, more than a dozen companies went public directly or through special acquisition companies (SPAC). Since then, it has been quiet as many of the public companies lost their value as remote became less relevant. But Hinge is testing the waters, and investors are watching closely for signs of a revival of the industry. Hinge launched a decade ago in its current form, transforming from its predecessor, UK-based Marblar Limited, which was a digital technology platform for scientists. Now it is a remote physical therapy platform, with an FDA-approved wearable to pair with services. It has been growing with the support of investors including Tiger Global and Coatue Management. The company now boasts almost half of Fortune 500 companies as clients — including Target (TGT), GM (GM) and Hyatt (H)— offering their employees zero-cost access to the platform. This, the company said in its S-1 filing, can save companies about $2,387 per member per year on average, compared to the cost of absences and costly surgeries or other interventions. Hinge believes it is only serving 5% of its potential market, and is "often the sole digital MSK [musculoskeletal] care provider offered" to employees through their employer. The company is also expanding into fully-insured and Medicare Advantage plans — but says that is still early stages, according to the company's filing. "In most instances, we partner with clients' health other ecosystem entities to reduce the friction of contracting, procurement, security and IT reviews, onboarding, and billing. We are also in the early stages of expanding to serve health plans' fully-insured and Medicare Advantage populations and federal insurance plans," Hinge said. It believes its total addressable market is 40% of adults in the U.S., who would otherwise choose surgeries or tolerate a poorer quality of life, and absences from work. "As of December 31, 2024, we had approximately 20 million contracted lives across more than 2,250 clients. We had active client agreements with 49% of the Fortune 100 companies and 42% of the Fortune 500 companies, as of December 31, 2024," the company added. Anjalee Khemlani is the senior health reporter at Yahoo Finance, covering all things pharma, insurance, care services, digital health, PBMs, and health policy and politics. That includes GLP-1s, of course. Follow Anjalee as AnjKhem on social media platforms X, LinkedIn, and Bluesky @AnjKhem. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
