Larsen Properties
Larsen Properties Newsletter

December 2016

Local Business News
Small-business entrepreneurs are thriving in some surprising spots

Most entrepreneurs know that business is booming in tech hubs like Silicon Valley and Seattle. But the micro-business sector - businesses of one to five workers - is also going strong in cities in the South and in the Midwest.

Invoice2go on Wednesday released its  second annual ranking of the top 25 U.S. cities for these small business. The report touted Dallas as the top city, with individual businesses collecting an average of $214,805 in invoices in 2016. The city is up from 8th place in 2015, beating out last year's highest-achieving metropolis, Seattle, which dropped to No. 3.

San Antonio is about to get bigger - and not everyone at City Hall is happy

City Council approved an ordinance by a vote of 9-2 on Thursday that will result in the annexation of 1.9 square miles of commercial real estate along the U.S. Highway 281 corridor north of Loop 1604 between Marshall Road and the city of Bulverde.

While supporters are praising the plan as a necessary move to control growth while also preventing San Antonio from losing turf and tax revenue to other incorporated communities, not everyone at City Hall is buying into the game plan.

Property tax relief bill filed to limit annual increases; 
Cities decry  move that would cut revenue

A newly filed bill for the upcoming Texas Legislature could curtail how much San Antonio companies' tax bills increase each year.  Senate Bill 2, filed by State Sen. Paul Bettencourt, R-Houston, would require cities and counties to ask for voter approval for any annual property tax hike of 4 percent or greater. The bill would not affect school district taxes.


Cybersecurity company in San Antonio raises $3M in capital from investors
Delta Risk LLC, a San Antonio-based cybersecurity company founded by former military veterans, got a boost to help build its midsize business market share after investors pitched in $3 million, according to records on file with the U.S. Securities and Exchange Commission.

The company raised $3 million in debt among six investors, and didn't specify any minimum investment threshold, records show. It was not in combination with any merger or acquisition activity.

When reached by email, a company spokeswoman said the funds will be used to build its employee base and expand services to mid-market in addition to sales and marketing efforts.

The Chertoff Group, a Washington D.C. advisory firm for security and risk management, has a majority stake in Delta Risk after a major capital influx of $13.8 million was raised through its subsidiary TCG Diamond Holdings LLC in 2015.

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