Austin Business Journal

Court records Leads - May 20, 2022

Discover if your customers, suppliers or competition are involved in litigation. Uncover any lawsuits or judgments that may put your business at risk, while also using the data to gain a competitive edge. Contact us to have a custom Leads search with full data delivered to your inbox weekly.

Real estate Leads - May 20, 2022

Find out what areas are developing rapidly to capitalize on growth opportunities for your business. Leverage data around foreclosures, building permits, mortgages, transactional data and more. Identify the individuals and developers securing the largest commercial and residential building permits in the area, with details on the date, location, dollar value...

Why this serial entrepreneur thinks turning food scraps into dog food could be big business

An Austin company is taking food scraps from restaurants and turning them into nutritious dog food. The Conscious Pet launched earlier this year, under the leadership of serial entrepreneur Mason Arnold, with the goal of making up-cycled dog food mainstream. It adds to Austin's range of unique pet companies, from Nulo Inc., a past Inc. 5000 member that makes nutrient-rich dog food, to Maev Inc., which specializes in what it calls "human-grade" raw dog food. There's even Homescape Pets, which makes pet supplements with cannabidiol.

Mohr Capital jumps into hospitality sector with hotel buy

A Dallas-based real estate investment firm entered Austin’s hospitality industry with its purchase of the DoubleTree by Hilton Austin hotel. Mohr Capital LLC last week announced the purchase of the six-story, 350-room hotel with almost 25,000 square feet of meeting space for an undisclosed amount. The investment firm plans to pour $11 million into upgrades for the property at 6505 N. I-35.

The week in bankruptcies: Solar company files for Ch. 11 protection

Austin-area bankruptcy courts recorded one business filing during the week that ended May 13. Year to date through May 13, the court recorded 20 Chapter 7 or Chapter 11 business bankruptcy filings, a 67% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going concern.

Samsung may go even bigger in Austin area

Samsung is laying the groundwork for more potential expansion in Central Texas. It has filed applications for new incentives agreements from both the Taylor and Manor school districts. Exact details remain sparse, but it's clear the South Korea-based tech giant could throw even more money at the Austin area, which is shaping up as the new epicenter of U.S. semiconductor manufacturing.

In rare Austin-area semiconductor setback, Round Rock ISD declines Chapter 313 application from supplier

The move marks one of the first setbacks for the semiconductor industry in the Austin area, which has been booming recently amid high demand and a global shortage of chips. It's unclear what the Round Rock-based company will do next but it has indicated it needs to invest almost $1 billion in an expansion and it will pour that money elsewhere if needed.

Colette Pierce Burnette reflects on Huston-Tillotson CEO tenure, Austin's attempts to right historic wrongs

Colette Pierce Burnette's legacy in Austin is multifaceted. For roughly seven years, she's led Huston-Tillotson University, the oldest higher education institution in Austin and its only historically black university. She said Huston-Tillotson's mission "is to provide education as the great equalizer." The school traces its history back to 1875, and was formed through the combination of Samuel Huston College, which moved to Austin in 1878, and Tillotson College, which opened in 1881 — just a decade after Juneteenth marked the end of slavery in the United States.