News and Events from the Forrest Firm’s Community of Clients and Friends
The Greater Durham Chamber of Commerce, in conjunction with several organizations, including Triangle Startup Factory, Downtown Durham, Inc., the Council for Entrepreneurial Development, and the American Underground, is launching a new, two-day event celebrating the area’s creative culture and entrepreneurial spirit. The inaugural run of Paradoxos takes place June 6-7 at various downtown Durham locations, including CCB Plaza and the Carolina Theatre.
The event will feature presentations by business and creative thought leaders, investor pitches from entrepreneurs, and a block party featuring local tech firms, breweries, and food trucks. Forrest Firm client Smashing Boxes is a block party sponsor of Paradoxos 2013, and Mystery Brewing of Hillsborough, another Forrest Firm client, is one of eight participating breweries.
The Smoffice Earns Durham/Durham Chamber International Recognition
Another GDCC project, The Smoffice, recently earned international recognition at the 2013 International Chamber of Commerce World Chambers Federal Competition. Part of a series of GDCC efforts to spur economic development in downtown Durham, The Smoffice competition centered around 22 area startups competing to win a variety of business services, including a professionally-designed, micro-workspace of 30 square feet. Durham startup The Makery, an arts and crafts exchange led by three sisters, won the 2012 competition.
The Durham Chamber, along with its project partner, Downtown Durham, Inc., competed with other finalists while presenting The Smoffice in the Best Unconventional Project category at the 8th Annual World Chambers Congress in Doha, Qatar on April 25th. The Smoffice is the first American winner in the annual awards’ category for unconventional projects aimed at economic development and took home the prize against competition from chambers representing Korea, Finland, Germany, and Slovenia.
The Forrest Firm joined in The Smoffice effort last year as a project sponsor alongside other area businesses, including Kompleks Creative and host Beyu Caffe.
City, Bulls Agree to DBAP Lease Extension
The Durham City Council recently voted to unanimously approve an extension of the city’s Durham Bulls Athletic Park lease with the Park’s namesake, the Durham Bulls Baseball Club. With the current lease set to expire in 2015, the extension keeps the Bulls in their downtown home for the next two decades.
The city broke ground on the DBAP in 1993, opening minor league baseball’s premier facility in 1995. The stadium has a current capacity of 10,000, and the new lease commits $12 million to meet the Bulls’ ongoing needs for maintenance and enhancements to the facility during the 20-year commitment.
Durham leaders have estimated that hosting the 2014 Minor League All-Star Game alone will bring more than $3 million in spending to the city, while Durham currently enjoys more than $7 million in economic benefit from the Bulls.