HUBS

SFBDG HUBS HUBS offers a unique structure for intra-market and inter-market connection of VIPS for productive exchange relating to business and Place-making opportunities. Also, Organize for accelerated interest by foreign investors and M&A opportunities during coming years. Learn about Place-making: Place-making Place-making and Social Value Creation HUB inquiries and participation welcome: https://forms.gle/DTminQfX6jMzJ58bA Why is a Multi-HUB Network Essential Right NOW? The time is right! THE BENEFITS OF A MULTI-HUB NETWORK ARE NEEDED NOW. ARTIFICIAL INTELLIGENCE (AI) AI requires large corporations to invest in technology, programming applications to use AI, data centers, cost of chips, long term budgeting to determine ROI. Even surges in electric power need for AI CHIPS and applications. Enormous demand will result in surges in cost of AI. New expertise, talent, and Business processes plus investment to be competitive will require new doors to be opened from inside local markets and outside. MIGRATION People and companies moving from out of state. Making decisions. Need to know there is a business community with a talent pool, a qualified employee base, is family friendly, and ability to navigate a friendly government. FOREIGN INVESTMENT As international business, economy and government focus of safety, the United States surfaces as a location. But where in the United States. See Supreme Court Upholds a Tax on Foreign Income | Newsmax.com June 20, 2024 CHAMBERS OF COMMERCE Chambers and other organizations are organized to create and support opportunities for local business people. These excellent organization are not organized for outreach. Outreach is not typically part of the Chamber's Mission Statement and Bylaws. SFBDG's HUBS will seek to create relationships with Chambers and other organizations to create a viable, cooperative platform for these organizations, and will collaboratively co-exist in HUB markets. Note: Arthur Rosenfield is the former founder and President of a Chamber of Commerce in New York City, and serves as a Director on several Chamber Boards and similar organizations. WORKFORCE HOUSING For a number of reasons that related to population growth and economics, there is an affordable housing crisis. Employers, investors, real estate developers, government agencies, NGO, and communities are seeking solutions to this problem. There are subsidies solutions and commercial solutions. There are also zoning regulations and other factors that impede solutions. This is an important issue to community leaders that want local markets to thrive. Building affordable housing in scale is important to communities that want to attract economic development. HUBS can bring the necessary partners together to support this need and reduce risks. CURRENT STATUS OF BANKS IN UNITED STATES "More than 60 of the largest banks in the country are at increased risk of failure due to their commercial real estate (CRE) exposures, according to a data analysis from a finance expert at Florida Atlantic University. Sixty-seven banks have exposure to commercial real estate greater than 300% of their total equity, as reported in their first quarter 2024 regulatory data and shown by the U.S. Banks’ Exposure to Risk from Commercial Real Estate screener. “This is a very serious development for our banking system as commercial real estate loans are repricing in a high interest-rate environment,” said Rebel Cole, Ph.D., Lynn Eminent Scholar Chaired Professor of Finance in FAU’s College of Business. “With commercial properties selling at serious discounts in the current market, banks eventually are going to be forced by regulators to write down those exposures.” The U.S. Banks’ Exposure to Risk from Real Estate screener, a part of the Banking Initiative at Florida Atlantic University, measures the risk to exposure from commercial real estate at the 157 largest banks in the country with more than $10 billion in total assets. Using publicly available data released quarterly from the Federal Financial Institutions Examination Council Central Data Repository, Cole calculates each bank’s total CRE exposure as a percentage of the bank’s total equity. Bank regulators view any ratio over 300% as excess exposure to CRE, which puts the bank at greater risk of failure. The banks of greatest concern are Flagstar Bank and Zion Bancorporation, according to the screener. Flagstar Bank reported $113 billion in assets with a total CRE of $51 billion. The bank, however, only had $9.3 billion in total equity, making its total CRE exposure 553% of its total equity. Similarly, Zion Bancorp had a total CRE of 440% of its total equity; the bank reported $87 billion in assets and total CRE of $26 billion, but only $5.8 billion in total equity." “These are the two largest banks with excessive exposure to commercial real estate,” Cole said. “Both rely heavily on uninsured deposits, which makes them vulnerable to a bank run similar to what forced regulators to close three large banks during spring 2023. Those bank closures have led to concerns about the stability of the U.S. banking system that persist to today.” For comparison, the Q1 2024 industry-average benchmark for total CRE exposure was 139% of total equity. Banks with less than $10 billion in total assets are facing similar risks due to their commercial real estate exposure. Among banks of any size, 1,871 have total CRE exposures greater than 300%, 1,112 have exposures greater than 400%, 551 have exposures greater than 500% and 243 have exposures greater than 600%. “Three banks have failed in the past year and now we have several candidates where their exposure to commercial real estate is over 500%. Should another bank fail, it’s likely that depositors will pull their money out of these highly exposed banks, which could lead to a banking panic similar to what we saw during spring 2023,” Cole said. https://www.fau.edu/newsdesk/articles/commercial-real-estate-screener-banks-failure Here is what ChatGPT comments are about this page ACCURANCY and USEFULNESS "Overall, the document provides a coherent and relevant analysis of the benefits of a multi-hub network, with accurate observations and useful recommendations for fostering competitive and cooperative business environments." Click ^ to read all Comments Can you summarize the following and comment on its accuracy and usefulness? THE BENEFITS OF A MULTI-HUB NETWORK ARE NEEDED NOW. ### Summary The document discusses the necessity and advantages of establishing a multi-hub network, particularly focusing on three key areas: 1. **Artificial Intelligence (AI):** - Large corporations must invest in AI technologies, which include programming applications, data centers, and chips. - There are significant costs and long-term budgeting considerations for determining ROI. - AI's demand can lead to increased electricity usage and higher costs for AI technologies. - Investment in new expertise, talent, and business processes is crucial for competitiveness, necessitating engagement with both local and global markets. 2. **Migration:** - Companies and individuals relocating from out of state require assurance of a robust business community with a qualified talent pool. - It is important for these communities to be family-friendly and have supportive, navigable governmental structures. 3. **Foreign Investment:** - The U.S. is seen as a safe and attractive location for international business, but specific locations within the country need to be identified as viable options. 4. **Chambers of Commerce:** - These organizations support local business opportunities but are not typically involved in outreach efforts. - SFBDG's HUBS aim to build relationships with Chambers of Commerce and similar organizations to establish a cooperative platform and enhance outreach efforts in HUB markets. ### Commentary on Accuracy and Usefulness **Accuracy:** - **AI Investment:** The document correctly outlines the significant investment and resource requirements for AI development, including infrastructure and talent. The mention of surges in electricity usage and costs is accurate, reflecting the intensive nature of AI technologies. - **Migration and Business Community:** The need for a supportive business community and a friendly environment for families and businesses aligns with known factors that influence relocation decisions. - **Foreign Investment:** The focus on the U.S. as an attractive location for foreign investment is consistent with current trends, but identifying specific regions or cities remains a nuanced challenge. - **Chambers of Commerce:** It accurately depicts Chambers of Commerce as primarily local business support entities, not typically focused on external outreach. **Usefulness:** - The document highlights critical aspects of establishing a multi-hub network, emphasizing the interconnectedness of AI development, migration, foreign investment, and local business support. - The identification of gaps, such as the lack of outreach by Chambers of Commerce, and proposing a solution through SFBDG's HUBS initiative is practical and actionable. - The insights provided can guide strategic planning for businesses and policymakers aiming to enhance local economic growth and attract investment. Overall, the document provides a coherent and relevant analysis of the benefits of a multi-hub network, with accurate observations and useful recommendations for fostering competitive and cooperative business environments. Supreme Court Upholds a Tax on Foreign Income SFBDG HUBS 1️⃣ NEW YORK HUB NYC HUB Long Island 2️⃣ FLORIDA HUB Miami HUB Tampa HUB Orlando 3️⃣ TEXAS HUB Dallas HUB Houston HUB Austin 4️⃣ ILLINOIS / OHIO / INDIANA HUB Chicago HUB Columbus HUB Indianapolis 5️⃣ CALIFORNIA / NEVADA HUB Los Angels HUB San Francisco HUB San Diego HUB Las Vegas 6️⃣ TENNESSEE 7️⃣ NORTH CAROLINA 8️⃣MASSACHUSETTS 9️⃣WASHINGTON DC 1️⃣0️⃣ CANADA 1️⃣1️⃣EUROPE 1️⃣ 2️⃣ASIA 1️⃣ 3️⃣SOUTH AMERICA 1️⃣ 3️⃣CENTRAL AMERICA More to come... HUB inquiries and participation welcome: https://forms.gle/DTminQfX6jMzJ58bA INQUIRIES WELCOME The purpose of this form is you to help us understand what NEEDS you have or OPPORTUNITIES you want us to help you to pursue. Once submitted, we will contact you to discuss options. This form will also help you to inquire about curriculum for SFBDG LIFELONG LEARNING CENTER. You will receive answers about your inquiry or instructions on next steps to participate. https://forms.gle/3kAgR6PoVtodYE627 HUBS VISION HUBS offers a unique structure for intra-market and inter-market connection of VIPS for productive exchange relating to business and Place-making opportunities. HUB inquiries and participation welcome: https://forms.gle/DTminQfX6jMzJ58bA ESTABLISH A CORE TEAM IN EACH HUB Sharing, Cooperating, Collaborating, Partnering, and Unity in the Flow of Mission Critical Initiatives and Hidden Opportunities. Flow of Commerce Flow of Capital Flow of Stakeholders Flow of Economic Development Flow of Accelerated International Investment in US Flow of Transactions Flow of Commercial Real Estate Flow of Residential Real Estate Flow of People Flow of Talent Flow of Authority Flow of Technology Flow of SMART Things Flow of Information Flow of Advocacy Flow of Executives HUBS RESOURCES HUBS offers a unique structure for intra-market and inter-market connection of VIPS for productive exchange relating to business and Place-making opportunities. HUB inquiries and participation welcome: https://forms.gle/DTminQfX6jMzJ58bA Participants in Each Hub will Benefit Sharing, Cooperating, Collaborating, Partnering, and Unity in the Flow of Mission Critical Initiatives and Hidden Opportunities. Access to Hidden Opportunities Access to Customers and Deals in Other SFBDG HUBS Access to Capital Opportunities Access to International Investment Capital and Parties interested in M&A High Level Contact with VIP's Just Like You Networking Meet & Greet Receptions and Dinners with Guest Speakers Knowledge of Place-making and participating in Place-making Symposiums. with other Stakeholders Learn about Place-making: Place-making Place-making and Social Value Creation Knowledge of SMART technology and vendor Connections SFBDG Alerts WhatsApp Group Connection Telegram Group Connection