Governor Cooper Proclaims Small Business Week in North Carolina

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Governor Roy Cooper has proclaimed April 30 – May 6, 2023 as Small Business Week to celebrate the impact of entrepreneurs and small businesses on North Carolina’s economy.

“North Carolina’s small businesses are the fuel for our economy and we couldn’t be number one for business without them,” said Governor Cooper. “The success of our essential small business community, from innovative startups to family-owned companies, deserves to be celebrated for their contributions to North Carolina’s economic prosperity.”

Established by the U.S. Small Business Administration, which defines small businesses as companies with less than 500 employees, Small Business Week is a celebration of the entrepreneurial spirit of small businesses across the country. In 2022, North Carolina’s 994,500 small businesses accounted for more than 99% of the state’s businesses while employing 1.7 million people statewide.

“Small businesses employ nearly 45% of our state’s private-sector workforce,” said N.C. Department of Commerce Secretary Machelle Baker Sanders. “As community builders and champions, small businesses have a multiplier effect on the local economies by creating more job opportunities and investments for their communities.”

Small businesses also contribute significantly to the flow of goods from North Carolina to the global market with more than 9,100 small firms exporting merchandise from North Carolina, generating 21.4% of the state’s $26 billion in exports in 2020.

North Carolina’s strategic economic development plan, First in Talent, identifies key goals to prepare North Carolina’s workforce and businesses for success, including bolstering small businesses with inclusive opportunities for new entrepreneurs and women- and minority-owned firms.

Last year, North Carolina was awarded up to $201 million from the U.S. Treasury Department to promote small business growth and entrepreneurship through the State Small Business Credit Initiative. The Department of Commerce awarded 11 NCWorks Small Business Work-Based Learning grants to help local workforce development boards provide training and services to connect jobseekers to small businesses.

The Commerce department’s One North Carolina Small Business Program awards nondilutive grants to innovative, tech-based small businesses that are applying for and/or have previously won federal research and technology awards. Since 2006, the Program has helped more than 500 small businesses create and maintain more than 1,200 jobs across the state and leverage an additional $8 billion in follow-on investment. Applications for the Program are currently being accepted through June 30.

Commerce’s Rural Economic Development Division leads economic development initiatives and programs to support small businesses through the Appalachian Regional Commission and Main Street and Rural Planning Center. Together, these rural programs supported the creation or improvement of nearly 900 businesses in rural North Carolina last year.

In January, North Carolina launched a tourism-focused economic recovery initiative to help build economic resiliency for the state’s tourism and outdoor recreation industries, which impacts small businesses.

Collaboratively, public agencies, education institutions and private-sector organizations assist small businesses with growth strategies and job creation by providing workforce training, business mentoring, financial assistance, research, technical assistance, and export services.

North Carolina provides many services to small businesses through NCWorks, community college small business centers, the N.C. Small Business and Technology Development Center, SCORE, the Veterans Business Outreach Center, the Rural Center and a toll-free information and referral service known as the Small Business Advisors hotline.

For more information about Small Business Week, including a copy of Governor Cooper’s proclamation, click here.

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7 Activewear Items You’re Probably Overdue For Replacing

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Be honest: How old is your ‘good’ pair of sneakers or the yoga pants you wear five days a week? If you’re like me (and a lot of other moms!), the answer is probably ‘ridiculously, embarrassingly old.’ It’s not that you don’t understand the importance of quality footwear or supportive leggings. It’s just that, as moms, we have so much to do, and sometimes replacing your graying, pilling activewear falls to the bottom — or all the way off — that never-ending list.

Summer is only a few short weeks away, and that means so many fun opportunities to be active, enjoying the sunshine and moving your body, whether it’s with your kiddos or your girlfriends. Now’s the time to invest a little in your own self, and upgrade the pieces in your workout drawer that have seen better days. To make the process easier, we rounded up our fave product picks from DICK’S Sporting Goods that’ll have you feeling yourself as the temperature rises. Let’s be real: You’re probably already shopping for your kids’ spring and summer sports gear — why not treat yourself to some new pieces while you’re at it?

Keep scrolling for the pieces in your closet that could use a refresh — and the products we’re loving to replace them with.

1. Your Years-Old Trainers

We can bet that your everyday running shoes are on their last legs (no pun intended). This style from On will make you feel like you’re jogging on clouds, even if you’re just chasing after your kiddos in the backyard.

With an extended heel for smoother transitions and more rubber coverage for enhanced durability, these statement sneaks from cult-fave brand HOKA will take you from your lunchtime run right to weekend brunch, no change of footwear necessary.

Instantly add a touch of vintage-cool to any look with these casual cuties. A solid-rubber outsole means good traction no matter the weather, and the retro style will singlehandedly elevate the vibes whether you’re rocking a chic skort or wide-leg trousers.

2. Your Outerwear

It’s officially time to retire the ripped windbreaker you’ve had for a decade. This number from The North Face will keep you dry when those summer showers pop up out of nowhere, and the relaxed fit and hem drawcord means you don’t have to sacrifice style for staying dry.

Hear us out: You can keep that frayed college crewneck on hand for memory’s sake, but do yourself a favor and upgrade your sweatshirt game. This one’s oversized fit and dropped shoulders will remind you of your old fave while still being cute enough to rock with pride when you leave the house.

3. Your Go-To Workout Bottoms

If your leggings are older than your toddler, it’s time for a new pair. Perfect for hitting the gym or just running around after your kids, this quick-dry number offers gentle support that keeps everything in place without providing too much compression.

Add a touch of chicness to your next warm-weather workout with these casual-cool shorts from FP Movement. They come in a bunch of on-trend colors and feature a stretch waistband and relaxed fit for ultimate everyday comfort.

4. Your Go-To Layering Basics

Despite the name, good basics should be anything but. Up your layering game by tossing your stained tee and stretched-out longline sports bra, and replacing them with fresh pieces that’ll actually hold up.

This low-compression sports bra can be worn on its own or layered underneath your favorite top for working out, lounging, or even going out.

For a piece that will transition easily from the golf course to a work meeting or nice dinner, this polo is a chic option that’ll keep you cool and dry no matter how hot the summer sun gets.

An active dress might just be the the go-with-everything style your activewear wardrobe is missing. This one is designed for hiking but will look just as cute layered under a crewneck sweatshirt while running errands as it will on the summit of your favorite peak. The fitted, racerback design will have you feeling yourself, and an internal bodysuit and shorts means you’ll feel secure no matter what you’re up to.

5. Your Disposable Water Bottle

Never opt for single-use plastics again when you switch to this double-wall insulated tumbler with a leakproof flip straw. It keeps drinks cold for — get this — two whole days, and just as important, will look très chic in your car’s cup holder.

6. Your Ancient Tote Bag

We know, your trusty canvas bag has served you well, but it’s probably time for an upgrade. This guy is big enough to carry everything you could possibly need to take along to the pool, a workout class, or even the beach. And best of all, you can shove all your wet and sweaty gear inside it without worry because it’s not made of fabric. Genius!

7. Your Cheap Sunglasses

Good shades keep you comfortable and protect your eyes from harmful UV rays, and the plastic ones you got for free as a wedding favor probably aren’t cutting it. This sturdy pair’s round lenses and sleek flattened bridge combine modern and classic for a look that exudes sporty chic.

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Singapore to post slower economic growth this year

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Singapore is expected to post slower economic growth this year but it “should avoid an outright contraction”, Prime Minister Lee Hsien Loong said Sunday.

The Southeast Asian city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world.

The financial centre also has one of the busiest ports in the world which serves as a key link between Asia and the rest of the world.

In his annual May Day message, Lee said there is hope inflation will let up in the second half of the year and that retrenchment numbers “remain manageable”.

“But our external environment remains volatile, fraught with serious geopolitical tensions,” Lee warned, pointing to the risk of recession in the West, where interest rates continue to be hiked to tame inflation.

“The multilateral trading system is being progressively undermined by growing nationalist and protectionist sentiments, affecting international trade and cooperation.”

Singapore’s economy expanded 3.6 percent in 2022, slowing from the 8.9 percent growth in 2021.

The Monetary Authority of Singapore has said the financial hub’s GDP is expected to grow between 0.5 percent and 2.5 percent this year.

The city-state will have to adapt to the economic disruption of emerging industries and technologies, Lee added.

“Singapore’s survival depends on us staying open and doing business with the world,” he said.

“This means continually transforming our industries, enhancing existing capabilities and building new ones as we move into growth markets.”

By Agence France-Presse



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We Think F3 Uranium (CVE:FUU) Needs To Drive Business Growth Carefully

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Just because a business does not make any money, does not mean that the stock will go down. By way of example, F3 Uranium (CVE:FUU) has seen its share price rise 169% over the last year, delighting many shareholders. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given its strong share price performance, we think it’s worthwhile for F3 Uranium shareholders to consider whether its cash burn is concerning. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its ‘cash runway’.

View our latest analysis for F3 Uranium

Does F3 Uranium Have A Long Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In December 2022, F3 Uranium had CA$14m in cash, and was debt-free. Looking at the last year, the company burnt through CA$15m. That means it had a cash runway of around 11 months as of December 2022. That’s quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. Depicted below, you can see how its cash holdings have changed over time.

debt-equity-history-analysis

debt-equity-history-analysis

How Is F3 Uranium’s Cash Burn Changing Over Time?

Because F3 Uranium isn’t currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Remarkably, it actually increased its cash burn by 379% in the last year. Given that sharp increase in spending, the company’s cash runway will shrink rapidly as it depletes its cash reserves. F3 Uranium makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can F3 Uranium Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, F3 Uranium shareholders may wish to think ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company’s annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

F3 Uranium’s cash burn of CA$15m is about 13% of its CA$118m market capitalisation. Given that situation, it’s fair to say the company wouldn’t have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

So, Should We Worry About F3 Uranium’s Cash Burn?

On this analysis of F3 Uranium’s cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the F3 Uranium’s cash burn is a risk, based on the factors we mentioned in this article. Separately, we looked at different risks affecting the company and spotted 6 warning signs for F3 Uranium (of which 3 are significant!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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The Role of Engagement Platforms in

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Westford, USA, May 01, 2023 (GLOBE NEWSWIRE) — The Global Community Engagement Platform market size is expected to reach USD 2057.98 million by 2030 and exhibit a CAGR of 15.92% in the forecast period (2022−2030), according to Skyquest’s latest research report. The increasing adoption of digital technology, expanding number of enterprises and organizations, and the necessity for businesses to create strong ties with their customers are fueling the market’s growth. Community engagement platforms assist businesses in engaging with their customers seamlessly and effectively.

Government Initiatives and Trends to Promote the Use of Community Engagement Platforms

The platforms of community engagement are rapidly evolving and constantly looking to increase focus on user experience by integrating with social media. The emphasis on data analytics has resulted in the rise of AI-powered engagement and expansion beyond the traditional uses.

At a global scale, several government initiatives are promoting the growth of the Community Engagement Platform. Governments aim to use technology to improve how the government serves citizens, and key goals are to promote open data and citizen engagement. Along with it, several initiatives create challenges and competitions to engage citizens in problem-solving.

Get a sample copy of this report:

https://www.skyquestt.com/sample-request/community-engagement-platform-market

Social Media Management Segment Demand to Grow Substantially in the Forecast Period

Social media management segment dominated the global market due to the increasing use of social media for customer engagement. It is also driven by increasing use of social media platforms for marketing and the rising demand for social media management tools that can provide insights into customer behaviour and sentiments. According to Skype Quest, social media was the most commonly used channel for customer engagement by businesses in 2022, with 85% of businesses using social media to engage with customers.

Customer Engagement Segment is the Leading Application Segment

In terms of application, customer engagement is the leading segment due to the need for businesses to engage with customers across multiple channels. In addition, 80% of customers said that a company’s experience is just as important as its products or services. This highlights the growing importance of customer engagement in driving business growth and customer loyalty.

North America and Asia-Pacific are the leading Market as Businesses are Focusing more on Digital Technologies.

Region-wise, North America is one of the largest growing markets with a huge emphasis on digital technologies by businesses in the region. In addition, the presence of key market players in the region has also promoted market growth.

Moreover, Asia Pacific is the fastest-growing region in the market due to increasing investments in digital technologies and the growing adoption of smartphones and social media. Therefore, the government initiatives such as Digital India, Digital China, and Digital Japan are expected to play a significant role in the growth of the community engagement platform.

Browse summary of the report and Complete Table of Contents (ToC):

https://www.skyquestt.com/report/community-engagement-platform-market

Browse in-depth TOC on “Hydrogen Pumps Market”

Pages – 157

Tables – 123

Figures – 77

Community Engagement Platform Market Report Suggests:

  • The global market size is projected to grow by 2057.98 million by 2030 owing to increasing adoption of digital technologies.
  • In terms of application, the customer engagement segment dominates due to the need for businesses to engage with customers across multiple channels.
  • In terms of type, the social media management type segment is projected to gain more popularity due to growing use of it.
  • North America and Asia Pacific are leading markets and will continue to exhibit dominance in the global market mainly due presence of major market players

Community Engagement Platform Market Segmentation:

The global Community Engagement Platform market report is segmented based on Component, application, Deployment model, and region.

By component

  • Software
  • Services (Professional Services and Managed Services)

By Application

  • Customer Engagement
  • Employee Engagement
  • Channel Engagement

Deployment Model:

By Region

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • South Africa
  • GCC Countries
  • Rest of MEA

Speak to Analyst for your custom requirements:

https://www.skyquestt.com/speak-with-analyst/community-engagement-platform-market

Community Engagement Platform Market Major Company Profiles:

  • Bang the Table
  • Civis Platform
  • ClearGov
  • Common Ground
  • Community Brands
  • Democracy Works
  • Ethelo
  • Granicus
  • IAP2
  • Localist
  • Neighborland
  • Nextdoor
  • OpenGov
  • Polco
  • Polis
  • Public Agenda
  • PublicInput.com
  • Social Pinpoint
  • Textizen
  • Zencity

Related Reports in SkyQuest’s Library:

Global Internet of Things in Retail Market

Global Blockchain In Manufacturing Market

Global Location Analytics Market

Global Data Center Substation Market

Global Network Security Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:

1 Apache Way, Westford, Massachusetts 01886

Phone:

USA (+1) 617-230-0741

Email: sales@skyquestt.com

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Tanzania plans to build Africa’s longest bridge to boost economic growth

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Tanzania plans to build Africa’s longest bridge to boost economic growth

Image

Tanzania plans to construct the first bridge in Africa, spanning 50 kilometers, connecting the mainland to the Zanzibar Islands to facilitate the movement of people and commerce.

Geoffrey Kasekenya, the deputy minister of Works and Transport, said as much in Parliament today, April 28. He also mentioned that the negotiations, which started on March 11, 2023, are already far along

According to Kasekenya, the prospective investors of M/S China Overseas Engineering Group Company (COVEC) who have expressed interest in helping to build the bridge were met by both sides.

He noted that the idea for building the bridge will involve a partnership with the business sector and that both sides in mainland Tanzania and Zanzibar are still working on the meeting’s outcome.

He was responding to a query from Mwantum Dau Haji (CCM Special Seats), who wanted to know when the bridge’s construction would begin.

The concept for the bridge initially surfaced in 2020, when Tanzanians living abroad proposed building a sea bridge to connect Unguja Island and Dar es Salaam.

Many citizens debated the idea, with some saying it was just a pipe dream. However, science and technology have shown that the 50-kilometer Zanzibar–Dar es Salaam Bridge project is feasible if funds are available.

This initiative is hardly a surprise owing to the fact that Tanzania’s president, Samia Suluhu Hassan, has made intra-Africa trade a huge agenda item for her administration. She has placed emphasis on improving trade relations between Tanzania and other East African countries, even going so far as to express interest in trading with West Africa.

Recently, the Tanzanian and Kenyan governments got into talks to build a railway linking both countries so as to reduce trade tariffs, reducing the bottom line of businesspeople in both countries.

Also, Tanzania, in partnership with Burundi, recently put out a request for proposals for the design and construction of an electrified railway that will initially connect the two nations and pass through the Democratic Republic of the Congo (DRC).

President Hassan’s business approach to governance has seen the country experience a massive boost in its foreign direct investments and economic partnerships, which, in the space of just two years, have given the country the reputation of being the fastest-growing economy in Africa.

GAROWE ONLINE

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Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

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Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate




By Qianqian Zhang




May 1, 2023







Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment


Sub-Saharan Africa could stand to lose the most if the world were split into two isolated trading blocs centered around China or the United States and the European Union. In this severe scenario, sub-Saharan African economies could experience a permanent decline of up to 4 percent of real gross domestic product after 10 years according to our estimates—losses larger than what many countries experienced during the Global Financial Crisis.

Economic and trade alliances with new economic partners, predominantly China, have benefited the region but have also made countries reliant on imports of food and energy more susceptible to global shocks, including disruptions from the surge in trade restrictions following Russia’s invasion of Ukraine. If geopolitical tensions were to escalate, countries could be hit by higher import prices or even lose access to key export markets—about half of the region’s value of international trade could be impacted. 

The losses could be compounded if capital flows between trade blocs were cut off due to geopolitical tensions. The region could lose an estimated $10 billion of foreign direct investment (FDI) and official development assistance inflows, which is about half a percent of GDP a year (based on an average 2017–19 estimate). The reduction in FDI in the long run could also hinder much-needed technology transfer.

For countries looking to restructure their debt, deepening geoeconomic fragmen­tation could also worsen coordination problems among creditors.

 

The region would fare better if only the US/EU cut ties with Russia and sub-Saharan African countries continue to trade freely. In this scenario—termed “strategic decoupling”—trade flows would be diverted towards the rest of the world, creating opportunities for new partnerships, and possibly boosting intra-regional trade. Because some African countries benefit from access to new export markets and cheaper imports, the region as a whole would not incur a GDP loss. Oil exporters supplying energy to Europe could even gain.

 

Building resilience

To better manage shocks, countries need to build resilience. This can be done by strengthening the ongoing regional trade integration under the African Continental Free Trade Area, which will require reducing tariff and non-tariff trade barriers, strengthening efficiency in customs, leveraging digitalization, and closing the infrastructure gaps. Deepening domestic financial markets can also broaden sources of financing and lower the volatility associated with relying too much on foreign inflows.

To take advantage of the potential shifts in trade and FDI flows, countries in the region can try to identify and nurture sectors that may benefit from trade diversion, for example, in energy. Commodity exporters in the region could potentially displace much of Russia’s energy market share in Europe.

Countries can also rely on trade promotion agencies to help identify potential opportunities, build the necessary skills and capacity for exports, and eventually re-orient production to take advantage of new trade flows. Improving the business environment, such as by lowering entry, regulatory, and tax barriers could also help. 

What the exact outcomes will be from fragmentation and polarization, and whether these trends will continue are uncertain. What is clear, however, is multilateral institutions will need to continue to facilitate dialogue among nations to promote economic integration and cooperation.

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This Country Focus is based on an analytical note in the April 2023 Regional Economic Outlook for Sub-Saharan Africa. The authors are Marijn A. Bolhuis, Hamza Mighri, Henry Rawlings, Ivanova Reyes, and Qianqian Zhang.



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Calinetworks Launches All-in-One Website Services, Revolutionizing Online Business Growth

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THOUSAND OAKS, Calif. , May 1, 2023 /PRNewswire/ — Calinetworks, a leading provider of digital marketing solutions, is pleased to announce the launch of its new all-in-one website service, which combines SEO, PPC, social media, content writing, ADA compliance, web design, website updates, website hosting, website audits/maintenance, and other custom online services into a comprehensive package tailored to support the industry specific needs of our clients and their business.

In today’s fast-paced digital world, online businesses face fierce competition and need a robust online presence to succeed. Unfortunately, many small and medium-sized businesses struggle to manage multiple service providers, leading to fragmented strategies, inconsistent performance, and suboptimal results.

Calinetworks’ all-in-one website services aim to address these challenges by providing businesses with a single point of contact and a unified team for all their website needs. We work closely with our clients to understand their unique requirements, goals, and challenges. We use our collective resources to make confident, informed creative recommendations that deliver tangible results.

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Calinetworks’ all-in-one website services include:

  • SEO: Improve search engine rankings, drive more organic traffic, and increase visibility.
  • PPC: Drive targeted traffic, increase conversions, and maximize ROI with pay-per-click advertising.
  • Social Media: Gain visibility on Facebook, Twitter, Instagram, LinkedIn, and TikTok.
  • Content Writing: Create high-quality content that attracts, informs, and converts your target audience.
  • Web Design: Create a stunning website that engages visitors, communicates brand values, and drives sales.
  • Website Maintenance: Keep your website up-to-date, secure, and optimized for performance.
  • Website Hosting: Ensure your website is fast, reliable, backed up, and secure with world-class hosting services.
  • Website ADA Compliance: Ensuring that websites are accessible to people with disabilities, in compliance with the Americans with Disabilities Act (ADA) and other laws and guidelines.
  • Other website services: Access a wide range of website-related services, including website audits, migration, customization, integration, analytics, and more.

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Calinetworks’ all-in-one website services are designed to meet the needs of businesses of all sizes and industries, from startups and SMBs to enterprise-level organizations. The company’s flexible pricing and delivery models ensure that clients receive high-quality services that fit their budget and timeline.

To learn more about Calinetworks’ all-in-one website services, visit the company’s website at https://www.calinetworks.com.

About Calinetworks
Calinetworks is a leading provider of digital marketing solutions, specializing in SEO, PPC, Social Media, website design, website maintenance, web hosting, ADA website compliance, content writing, and other website services. The company helps businesses of all sizes and industries to achieve their online growth objectives by leveraging the latest technology, tools, and strategies. With a team of seasoned experts and a commitment to excellence, Calinetworks is a trusted partner for businesses seeking to unlock their full potential online.

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