Tag Archives: impact

The Silicon Trail

March 28, 2017 by

When United Airlines’ first daily nonstop service flight from Eppley Airfield to San Francisco International Airport eased away from the gate in September 2016, Randy Thelen made certain he had a seat.

The senior vice president for economic development at the Omaha Chamber of Commerce saw the importance of that 7 a.m. flight—believed to be the first regular nonstop service between the two cities in a quarter century. Shortly after 9 a.m., he was on the West Coast, in the fertile Silicon Valley, ready for business.

Despite Omaha’s firm footing in the Silicon Prairie—with tech giants like PayPal, Google, LinkedIn, and Yahoo all maintaining a significant presence in the metro—Omaha long struggled with a serious shortcoming when it came time to recruit more. The same shortcoming didn’t help local technology startups secure financial backing from the apparent over-abundance of thick wallet in the Bay area.

Getting from Silicon Valley to Omaha’s corner of the Silicon Prairie was more than a hassle. It usually required at least one connecting flight, stretching a three-hour nonstop flight into nearly a full day of airplanes and airports … and that’s the delay-free version.

“As much as we don’t want location to be a barrier, there’s a very real situation where Silicon Valley investors won’t fly somewhere if they have to switch planes,” says Dusty Davidson, the CEO and co-founder of Flywheel, an Omaha-based startup that builds and hosts WordPress websites. Davidson is also known for his role in creating Silicon Prairie News and one of the largest entrepreneurial tech conferences in the region, Big Omaha.

“It’s not the connection, it’s the time,” he adds.

The required connecting flights cast a pall over Omaha’s distinct advantage as a low-cost jewel compared to the Silicon Valley. Omaha’s lower cost of living and more affordable housing helps save companies on their largest expense: wages. Add in the various business incentives available from the state, along with a strong talent pool and sound infrastructure, and Omaha makes an attractive option for startup and established tech companies, with that notable exception.

“We came up short on the connectivity or on the flights in and out of Silicon Valley,” Thelen says.

Then United Airlines made San Francisco’s International Airport the nation’s 25th airport with regular nonstop flight services to and from Omaha. This spring, a 26th regular nonstop Omaha route will open between here and Houston via Southwest Airlines.

“Now, we’ve taken away that competitive disadvantage, and we’ve been able to promote it as an advantage,” Thelen says. “It really has changed the conversation as we try to continue to build that pipeline between here and Silicon Valley.”

“The ability to have direct service does have an impact on the businesses that choose to do business here,” says Nancy Miller, vice president of operations at Travel and Transport, a national travel booking company based in Omaha. “I think it helps Omaha businesses.”

That an airline would add a regular nonstop flight to San Francisco lends credence to claims of Omaha’s growth as a potential hub in the Silicon Prairie.

“The Omaha economy really seems to have been doing well over the last couple of years,” says Dave Roth, deputy executive director of the Omaha Airport Authority. “It’s just a really positive combination of Omaha and the airlines for those additional flights.”

Omaha has popped up on several national lists as a new hot spot for tech startups. SmartAsset named Omaha the best city in the nation to work in tech in 2015, and Nebraska has been No. 3 on Forbes’ list of Best States for Business for two years running.

Thelen used his first flight to the Silicon Valley to meet with a dozen tech companies, some who already have outposts in town, and few others he’d like see set up shop.

“For the cost of one hotel stay and a pretty simple flight in and out, you can get two full business days of work without the hassle of changing planes and the risk of getting delayed,” Thelen says. “The convenience of business travel just went up exponentially, and you can expect that connectivity to continue to grow.”

Executives headquartered in San Francisco can more easily visit and engage with their Midwestern operations. Or, employees based in Omaha can more efficiently meet with leadership in Silicon Valley. Officials at PayPal and LinkedIn—which employ about 2,800 and 300 people, respectively, in the Omaha area—say there is frequent travel between the Silicon Valley and their operations in Omaha, but exact figures were unavailable.

“To have firms like that, that now have much, much easier access back and forth, frankly it makes our location all that more integral to the operation because it’s a simpler connect now,” Thelen says.

He added: “That simple flight makes a big, big difference.”

And even homegrown startups can take advantage. They can get twice as much done on recruiting trips from the valley, whether they are looking for talent or financing.

Davidson, the CEO at Flywheel, says the increased connectivity will indeed make a big difference for local companies raising money. There still remains a lot of work to put Omaha “on the map” with more sources of local capital and slowing the export of the state’s top technology talent, to name a few.

“I don’t know that you’re able to look at [direct flights to San Francisco] and say, ‘Hey, look, we solved the problem,’” he says. “I think there’s 50 things that are contributing, and what you really want to do is, just one at a time, start whittling away.”

Visit omahachamber.org for more information.

This article was printed in the Spring 2017 edition of B2B.

Buy Omaha Profile

February 24, 2017 by

Our industry is too often focused on the completion of transactions as the measure of success.  At OMNE Partners, we build relationships by providing best-in-class real estate services and looking beyond a single transaction. We believe in treating our clients’ businesses as our own, with great care and end-to-end attention to detail, which only exists in a true partnership.

My career in commercial real estate began at the Omaha-based, family-owned real estate development firm the Slosburg Company. I was fortunate to work closely with the partners of the firm—their knowledge and advice was invaluable. From there, I moved to the Lund Co. Once again, I was fortunate to work with great people. John Lund and the other founders of the firm, Rich Secor and Jerry Kelley, were significant influences from day one. Working directly for Jason Fisher, Lund Co.’s president, I learned how leadership influences company culture and open communication fosters loyalty.

People who work at OMNE Partners can expect a culture that is committed to collaboration across departments. Everyone here is aware of how important they are to our success. We are very intentional about it. We recently implemented regularly scheduled, very brief (as quick as five minutes), company-wide update meetings. The purpose is to open the lines of communication and ensure everyone is working together outside of what is articulated in an organizational chart. We openly discuss company goals and the specific impact achievement will have on the firm.

One of the tasks we completed through our rebranding was the definition and expression of our principles.  What resulted was the beginning of what would become our manifesto. There is one line that sums it up well: “At our core, we care deeply about each other and the community we live and work within.”

TJ and his wife, Kate, have been married for 13 years and have three boys: Max, Ted, and Gus.

B2B

OMNE Partners
13340 California St., No. 100
Omaha, NE 68154
402-697-8899
omnepartners.com

 

Small Gifts, Big Return

November 25, 2012 by
Photography by Omaha Convention and Visitors Bureau

As 2012 comes to an end, it’s been a good year for Omaha, and 2013 is starting off in the same fashion. Big events, such as the U.S. Figure Skating Championships in January, continue to put Omaha on a national stage and create great buzz for our city. This time of year, we’re also reminded that sometimes the smaller, less shiny things can also be valuable.

Case in point, John Deere and Company held its 2012 North American Dealer meeting in Omaha this past August, bringing with it more than 4,100 overnight visitors. The economic impact of this one meeting was $7.3 million, including more than a half-million dollars generated in local taxes. In 2012, meetings booked through the Omaha Convention and Visitors Bureau infused more than $25 million into Omaha’s economy.

This illustrates the power meetings have on our local economy in terms we can all understand. It’s been challenging to convey the economic importance of meetings to the local community, but we now have a new way to accurately calculate the impact and pass this important information along to the public.

In partnership with Destination Management Association International, the Omaha CVB has developed a new system of calculating the economic impact of meetings in Omaha and their value to the city and its residents. A trained researcher is now on staff to determine the impact and provide details, including the amount of money spent by visiting participants, meeting planners, and exhibitors, along with the taxes generated by the meeting. The Omaha CVB will calculate the impact for all meetings booked through its office and will provide the service to other entities interested in determining the value of meetings at their facilities.

Happy Holidays, and here’s to a new year of toasting Omaha’s economic health.