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THURSDAY, JUNE 30, 2016 | IN THIS ISSUE
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 Mahoney's to become Dick's Tap & Shakeroom
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Dick Prall, owner of Dick's Tap & Shakeroom, pictured behind the bar on a recent afternoon.
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A longtime staple in Cedar Rapids' Irish Triangle has changed hands, but the new owner promises to stay true to the establishment's neighborhood roots.
Musician and entrepreneur Dick Prall yesterday closed on his purchase of Mahoney's Irish Pub at 1602 E Ave. NE, which was previously owned by Dennis Mahoney for 24 years. The bar was popular for its low-key nature and diverse mix of patrons -- traits that Mr. Prall, a longtime acquaintance of Mr. Mahoney, hopes to continue as Dick's Tap & Shakeroom.
But he also has some big plans for the building, including transforming the attached trophy shop into a café and small performance space -- what he called a "showcase room." It's part of an effort by Mr. Prall to improve the city's live music scene, and provide a venue for area artists to perform original work.
"It's a small footprint, a baby step into introducing the community to live, original music," said Mr. Prall, who returned to Cedar Rapids two years ago after a stint as tour manager for alt-rock band Wilco. "I love the neighborhood vibe -- the crowd supports original music."
The café will feature coffee and light foods, Mr. Prall said, while fans of Mahoneys can expect to see a few more whiskeys on the shelf and some minor "cosmetic changes" inside. He hopes to work with some of the city's local food vendors to schedule stops outside, and plans to ramp up events geared toward cyclists.
The CBJ was unable to reach Mr. Mahoney for comment, but in
a Facebook post, he described the sale as "bittersweet," and said Mr. Prall's plans represent a "path forward that will move Cedar Rapids even further." Mr. Mahoney will continue to own the building, according to Mr. Prall.
A soft opening for Dick's Tap & Shakeroom is set for July 11.
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Selzer Werderitsch honored with Chamber Roots Award
Construction service and supply firm Selzer Werderitsch Associates was presented with the Iowa City Area Chamber of Commerce 2016 Roots Award for its five decades of service to the Iowa City area.
Selzer Werderitsch Associates was founded in 1965 by Max Selzer, and purchased by Tom Werderitsch Sr. in 1989. His son, Tom Werderitsch II, will take over the company upon his father's retirement, according to a press release.
"We feel that a strong group of local businesses is important to the fabric of our community," Mr. Werderitsch stated in the release. "We're very pleased we've been able to succeed and serve our clients for the past 51 years and look forward to continuing to do that in the future."
Selzer Werderitsch is located at 2222 Heinz Road in Iowa City.
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A new 'office' coming to Cedar Rapids
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The Sokol Building at 417 Third St. SE
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Restauranteur Jess Streit is set to open a vintage-themed establishment in downtown Cedar Rapids, and he has picked a distinctly vintage building to house it in.
The founder and owner of The Lost Cuban restaurant on Third Street SE, Mr. Streit is converting the first floor and basement space in the nearby Sokol Building into a speakeasy-inspired lounge and cigar outlet, called The Office -- a tongue-in-cheek reference to his grandfather's name for heading to the bar.
Tentatively scheduled to open in September, the establishment will cater to the Corridor's professional set with a focus on fine spirits and specialty mixed drinks, and cigars from a variety of Caribbean producers, including the Dominican Republic and Cuba. On weekend nights, the space will take on more of a club feel, with dimmer lighting and louder music.
Patrons will be able to sample tastings, or flights, from among more than two dozen bourbons, 50 scotches and a varied selection of high-end rums and tequilas, as well as buy a bottle and store it in a personal locker. A membership plan, potentially including smoking jackets, is in the works, Mr. Streit said.
"There are a lot of different things going on -- it should attract almost every type of person, whether you're sitting around and talking about things, to a nightclub feel late at night," he said. "I tried to hit them all."
The historic Sokol Hall and Gymnasium building at 417 Third St. SE was originally built in 1908, but sat vacant for several years after being damaged in the flood of 2008. Developer Charles Jones acquired the building in 2014 with plans to transform it into commercial and residential spaces.
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Philip's Diamond Shop carves out honors at state conference
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Philip High demonstrating the ring making process for a 2015 CBJ profile.
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Philip's Diamond Shop recently returned from the Iowa Jewelers Association's annual conference with more than half of the first-place awards in its Jewelry Design Contest.
The Marion-based store was named the top entrant in four of six categories, and the winner of seven honors overall, including Best of Show, as part of the IJA's design competition, placing it among the top jewelers in the state.
Store Manager and Designer Molly Lurth's 14-karat white golf fashion ring is now also eligible to enter the Jewelers of America design competition, to be held next March.
"This was a great opportunity to showcase our designers and see how we compare with peers in the industry," Ms. Lurth said in a press release. "This proved to be a good experience for our whole team. It takes a village to make a ring."
Philip's Diamond Shop is a family-owned jewelry store and custom design shop founded by Philip High in 1976. Philip's designs and makes all of its pieces in-store at 1317 Seventh Ave. in Marion.
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The U.S. Small Business Administration and AARP are renewing their "Summer of Encore Mentoring" educational events targeting entrepreneurs over the age of 50 who want to start or grow their small business.
Building on the success of last year's "Summer of Encore Mentoring," the SBA and AARP will match encore entrepreneurs with successful business owners, community leaders and advisers for advice, counseling and training assistance during the months of July and August.
"The face of entrepreneurship is changing in America and more of those faces today belong to entrepreneurs over the age of 50. Here at SBA, we are focused on building ladders of opportunity that are open, accessible and available to all entrepreneurs," SBA Administrator Maria Contreras-Sweet stated in a press release.
The "Summer of Encore Mentoring" will consist of nationwide events that pair encore entrepreneurs with experienced small business mentors. The events will also help connect encore entrepreneurs with mentors from the SBA's resource partner network of Small Business Development Centers (SBDCs), Women's Business Centers (WBCs) and SCORE chapters.
Senior entrepreneurs are an enormous force in the economy and surveys have shown that more than 60 percent of Americans plan to work during retirement. For many, small business ownership is a good option. More than half of all U.S. small business owners were age 50 and older in 2012, up from 46 percent in 2007, and business owners who receive long-term counseling see bigger sales, hire more workers and have more longevity, according to the SBA.
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Consulting: Managing multiple generations smoothly
In this week's consulting spotlight, columnist Jean Kruse offers tips for navigating the generational differences in your office:
Many businesses, for the first time in history, have four generations working side-by-side, with perhaps more than 50 years between the oldest and youngest employees. In addition to the difference in the ages of employees, today's leaders must contend with vendors, customers and clients of all different age ranges. That makes understanding and managing the differences between the different generations very important for effective leadership.
Our modern generations can be broken into five distinct groups:
- The greatest generation, which was born between 1901-1924, and is now aged from 91 to more than 100.
- The traditionalists (also called veterans or the silent generation), who were born between 1922-1945, and are now ages 70-93.
- Baby boomers, who were born between 1946-1964, and are now 51-69.
- Generation Xers, who born between 1965-1979, and are now 36-50.
- Millennials (also called generation Yers), were born between 1980-2000, and are now 20-35.
Each of the generation groups has different personal and lifestyle characteristics, including their core values and communication preferences. Each of the generation groups also has different workplace characteristics. Of course, it should be noted that many people have the characteristics of more than one generation, especially if they were born in the fringe area near the end or beginning of a generation.
Another thing to consider as a business owner: In what generational groups do your managers fall? If your managers are traditionalists or boomers, it may be difficult for them to understand and engage with employees or customers who are generation Xers or millennials.
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From around the web:
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The Harvard Business Journal asks which
MBAs make more: consultants or small-business owners?
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Pass it around
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Corridor Stocks
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NAME
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SYM |
PRICE |
CHG |
%CHG |
| AEGON |
AEG |
4.01 |
0.04 |
1.01% |
| Alliant Energy |
LNT |
39.7 |
-0.12 |
-0.30% |
| Deere & Company |
DE |
81.04 |
-0.47 |
-0.58% |
| Dow Jones |
^DJI |
17,929.99 |
235.31 |
1.33% |
| General Mills |
GIS |
71.32 |
3.46 |
5.10% |
| GoDaddy Inc. |
GDDY |
31.19 |
-0.31 |
-0.98% |
| Great Western Bank |
GWB |
31.54 |
0.53 |
1.71% |
| Heartland Express |
HTLD |
17.36 |
0.17 |
1.02% |
| ITC Holdings |
ITC |
46.82 |
0.48 |
1.04% |
| KemPharm |
KMPH |
3.98 |
-0.15 |
-3.63% |
| Marsh & McLennan |
MMC |
68.46 |
1.69 |
2.53% |
| MidWestOne |
MOFG |
28.56 |
0.34 |
1.20% |
| Pearson |
PSO |
12.99 |
0.19 |
1.48% |
| Pepsico |
PEP |
105.94 |
2.82 |
2.73% |
| Principal Financial |
PFG |
41.11 |
0.81 |
2.01% |
| QCR Holdings |
QCRH |
27.19 |
0.77 |
2.91% |
| Rockwell Collins |
COL |
85.14 |
1.34 |
1.60% |
| S&P 500 |
^GSPC |
2,098.86 |
28.09 |
1.36% |
| Tanger Factory |
SKT |
40.18 |
0.15 |
0.37% |
| Procter & Gamble |
PG |
84.67 |
0.76 |
0.91% |
| United Fire Group |
UFCS |
42.43 |
1.62 |
3.97% |
| U.S. Bank |
USB |
40.33 |
0.65 |
1.64% |
| Wells Fargo |
WFC |
47.33 |
0.36 |
0.77% |
| West Bank |
WTBA |
18.59 |
0.34 |
1.86% |
| Whirlpool |
WHR |
166.64 |
2.75 |
1.68% |
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Short-Term Event Planner
July 5
Ribbon Cutting-Congruent Life Chiropractic,
by the Iowa City Area Chamber of Commerce, 4 p.m.,Congruent Life Chiropractic, 745 Community Drive, Ste. D, North Liberty.
Ribbon cuttings and groundbreakings celebrate milestones of our members. All are invited to help celebrate. Questions can be directed to Mackenzie DeRoo at (319) 337-9637 or [email protected].
Iowa City Roundtable-Boyd's Grille & Spirits
, by the Iowa City Area Chamber of Commerce, noon-1 p.m., 2208 N. Dodge St., Iowa City. Keep up do date with chamber and community events and frequent a member restaurant or business. If interested in attending but not a member, contact Rebecca at (319) 337-9637 or [email protected].
Downtown Open Coffee
, by IA Source Link, 8-9 a.m., The Early Bird Coffee Shop, 316 Second St. SE, Cedar Rapids. The Creative Corridor Open Coffee Series is a grassroots effort to facilitate conversations that foster creativity, innovation and entrepreneurship. Free. Register online at http://bit.ly/295EGFU.
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Headlines from CBS 2/FOX 28
These news items are provided by CBS 2/FOX 28
A water main break will create some traffic issues on a busy street in Marion. It happened at 2525 Seventh Avenue where the new Lebeda is located.
As a result, the eastbound lanes of Seventh Avenue have been closed, but there is one lane of traffic open in each direction in the westbound lanes. Officials hope to have the street fully reopened by late Friday afternoon, as long as weather cooperates.
A horse died after colliding with a car in Kalona this morning. Authorities tell CBS 2 News that they received a call around 8:36 this morning about the crash near Highway 1 and 520th Street. The owner of the horse says that the horse was spooked by an early morning storm and got away, running east on Highway 1. It then collided with a car driving down 520th Street. The car sustained a lot of significant damage, but the driver was OK. The horse was dead at the scene. Authorities tell CBS 2 News that visibility may have impacted the driver's ability to see the horse before the crash.
T
hese news items are provided by CBS 2/FOX 28
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CBS 2 Chief Meteorologist Terry Swails'
Weather First Forecast
There will be a mix of sun and clouds this afternoon as temperatures climb into the mid to upper 70s with a little more humidity. As a cold front moves through, scattered showers and thunderstorms will be possible, mainly between 2-6 p.m. It will gradually dry out and skies will clear this evening and overnight. The humidity will be low once again for Friday and the weekend, with temperatures in the mid to upper 70's through Sunday.
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