Weekly Market Report – August 3, 2023

The long-anticipated opening of Mootz occurred this week at 8725 Shamrock on the north side of Countryside Village. It’s the first bricks-and-mortar location for the popular pizza food truck business.

The Papillion Taco Guy will hold a ribbon cutting August 15th for its new restaurant at 110 North Washington Street in downtown Papillion. The restaurant serves smoked brisket, pork, and chicken tacos.

La Guanaca Pupusas Tacos Y Mas has opened in the former East Coast Eats space at 7622 Dodge Street just west of Smitty’s Garage Burgers. The locally owned restaurant serves a variety of Latin American fare.

Kochava Coffee has opened on the first floor of the historic Redfield building at 1901 Howard Street downtown. In addition to coffee, the locally owned business offers a rotating selection of locally produced foods and goods.

Rally House is opening its third metro area store at L Street Marketplace near 122nd & L Street. Interior renovations are underway in a bay between Ulta Beauty and Five Below. Rally House is a Kansas City-based retail chain that sells specialty sports apparel, gifts and home décor. Existing Omaha-area stores are in Papillion’s Shadow Lake Towne Center and Council Bluffs’ Metro Crossing.

Athleta opens this Saturday at Nebraska Crossing in a 5,200 sq. ft. space formerly occupied by Brooks Brothers. The only other Athleta location in Nebraska is at Village Pointe.

The Council Bluffs Chamber of Commerce held a ribbon cutting this week for The Terrace Coffee Shop and Eatery at 4104 Avenue A inside the Iowa West Foundation in the River’s Edge development. The Terrace is intended to become “a visitor hotspot, while also helping people with disabilities become independent.”

The new Hy-Vee at 192nd & Highway 370, had a record-breaking grand opening, according to ACCESS Commercial Real Estate. From the opening on June 13th to July 26th, the 135,000 sq. ft. store welcomed 225,000 visitors, making it the number-one most trafficked Hy-Vee in Nebraska and the number-three store out of 224 Hy-Vee locations nationwide.

Dollar Tree plans to open in Bluffs Plaza at 1139 North Broadway in Council Bluffs, according to The Lerner Company. Dollar Tree is joining Super Saver and Anytime Fitness.

Stirnella Bar & Kitchen will close permanently August 31st. The restaurant has been in business for seven years and is located at 3814 Farnam Street in the Blackstone District. From Stirnella’s Facebook page: “Over the last two years we have struggled to find the sales we need to be successful financially, and we can’t go on anymore.”

Omaha Restaurant Week, a celebration of Omaha’s culinary scene will take place September 15-24. For 10 days, participating restaurants will offer discounted, three-course meals for $20, $30, $40 or $50 per person. Details at OmahaRestaurantWeek.com.

The “Restaurant & Retail Updates” section is sponsored by Anderson Convenience Market, featuring Quality AMOCO Fuels and serving Omaha since 1952, and proud to announce the return of Quality Amoco Fuels. Look for changes this Summer at Anderson Convenience Market – 8 Omaha area locations!

Learn more about Anderson Convenience market at www.Anderson1952.com

Review: At Coneflower, it’s not just homemade ingredients you taste, it’s care

By Sarah Baker Hansen

There’s a reason that the sun-ripened strawberry ice cream at Coneflower Creamery tastes so purely of sweet, ripe, red summer fruit. There’s also a reason that the tart cherry crumble, with its massive hunks of tender, sweet berries blended into a creamy vanilla base, has such perfect balance.

It’s the ingredients that owners Katie Arant and Brian Langbehn use, yes. There’s nothing artificial — I love telling friends and visitors that Coneflower makes everything from scratch, even sprinkles.

Because of that, their operation involves a complex process, and that’s what makes Coneflower’s fruit ice creams, and really, all its ice creams, so remarkable.

Most of my readers already know that the ice cream at Coneflower Creamery — in Blackstone, and now at a new, second location at Millwork Commons in north downtown — is the best in town. But what they might not know is that each batch of Grandma Minnie’s lemon bar or Rhubarb go through several tests before they ever get scooped into your homemade waffle cone.

Arant said every single batch of fruit ice cream goes through a “freezer test,” beginning with jam or compote that eventually gets swirled through the ice cream. The ratio of sugar has to be right. The right amount of water has to be cooked out of the jam.

“Something can taste great and have a fantastic texture at room temperature or even 40 degrees, but can be really off putting when frozen,” she said.

Coneflower takes into account the changes in local fruit each season — more rain might mean a strawberry needs more acid to taste balanced in ice cream. The fruit, she said, always needs to be balanced with rich milk, cream and egg yolks in the base.

“We mostly rely on our palettes,” she said, “to make sure every batch is well-balanced.”

I tried several of Coneflower’s fruit flavors on my two recent visits to their petite, welcoming Millwork Commons location. Each one impressed the heck out of me. The sun-ripened strawberry has a reputation for being excellent, and I’d always missed the limited treat in past summer seasons. This year, I finally got a scoop from the summer’s final batch.

The Coneflower team hand-picks the fruit at Kimmel Orchard, and turns the batch into a pale pink confection that perfectly captures the flavor of the season.

Tart cherry crumble has been one of my favorites since I first wrote about Coneflower, in 2017, and have since included it on both my Eater Omaha essential lists. Big pockets of perfectly sweet-tart cherries are suspended through a vanilla base, and a homemade oat crumble swirled through adds just the right amount of crunch.

The new Millwork Commons location has twice the amount of seating that the Blackstone location does, Arant said, and I saw several people take a seat on one of the small wooden stools or along a banquette on the west wall. There’s also several tables outdoors, and a park across the street, perfect for a sit down when the weather allows.

Visitors are greeted by a “cone window” at the new location: across from the front door, a large window gives a glimpse into the waffle and sugar cone making process; often, Langbehn is in this spot. Now that Coneflower has this larger space dedicated to cones, Arant said they’ve added gluten free waffle cones, available at both locations and made on a dedicated waffle iron.

“We wanted customers to have a few glimpses into our daily production, hence the test kitchen and cone window,” she said.

Arant said she and Langbehn were attracted to Millwork because of all the other local businesses in the area, like Archetype Coffee, Sweet Magnolia’s, and Kros Strain. They also liked the proximity to Schwab field and the new RiverFront attractions, like the Kiewit Luminarium.

“With an emphasis on the arts and native prairie plantings outside, it just made sense.” she said.

So far, the location has been doing well, she said. I saw evidence of that during my two visits: on the first visit, we didn’t encounter much of a line. But on the second one, we found a line that more resembled the one constantly in Blackstone, no matter the time of day.

We tried some non-fruit flavors on our second visit, and I have to say, the combination of one scoop of birthday cake and one scoop of cinnamon cheesecake crunch tucked into a deep, homemade waffle cone is a treat I won’t stop thinking about any time soon. Those colorful homemade sprinkles dot the rich birthday cake flavor, which tastes of pure, deep vanilla with an intense sweetness that’s bold but not overpowering. And the cinnamon roll-esque cinnamon cheesecake crunch, latticed with bits of crispy cinnamon, is alarmingly good. If you encounter it, I insist you try it.

The cones at Coneflower are an airy, buttery, crisp-tender delight. I generally am not a waffle cone person, but I may have been converted. Next time, I’ll try a sugar cone.

Also excellent: Thai iced tea, with a pleasantly surprising undertone of rich black tea; pistachio, with the flavor of warm, roasted nuts, and Coneflower’s take on chocolate chip cookie dough, which, smartly, abandons the sometimes extremely artificial tasting knobs of frozen cookie dough for something softer, smoother and less sweet.

Coneflower’s army of fans recently voted it the number one ice cream shop on Yelp’s list of the 100 best ice cream shops in the country — I get it.

Arant said the first seven years for the shop have been a wild ride, and they’re looking forward to using their expanded space to add more ice cream sundaes and sandwiches, and put more emphasis on ice cream cakes, which, so far, have only been available by word of mouth. (My birthday is in December, Matthew: hint hint.)

Coneflower has always created its lineup of treats with care and consideration from top to bottom. Maintaining that takes work. I love their ice cream. But I also admire their dedication paired with their deep creativity. Omaha is lucky to have such a singular “farm-to-cone” experience.

Coneflower Creamery at Millwork Commons
https://coneflowercreamery.com
1241 Millwork Ave.

Hours:
Tues – Sat: Noon to 10p
Sunday: 11a – 8p
Monday: CLOSED

Scooter’s Coffee Grows Brand Awareness & Number of Locations

As Scooter’s Coffee approaches 700 stores in 29 states, the Omaha-based company is ready to take on higher-profile marketing endeavors.

Scooter’s Coffee is the new title sponsor of the Frisco Bowl college football game per a multi-year agreement announced earlier this week in Frisco, Tex. Beginning with this year’s game, the official bowl name will be the Scooter’s Coffee Frisco Bowl.

The 2023 game will be played Tuesday, December 19th at 8 p.m. at Toyota Stadium in Frisco and will be televised on ESPN. The participating teams will be announced in early December.

“We are excited to welcome Scooter’s Coffee as the new title sponsor of the Frisco Bowl. Their focus on people and quality aligns perfectly with our mission of providing a positive and memorable postseason college football experience for traveling teams, fans and the local community,” said Clint Overby, vice president of ESPN Events, which owns and operates the Frisco Bowl.

Fast-growing Scooter’s Coffee is in a “strategic growth phase” and is striving to become the #1 drive-thru specialty coffee franchise system in the nation. The company plans to have 1,000 franchise stores open by the end of 2024.

“On behalf of Scooter’s Coffee franchisees, employees and partners, we are delighted to enter into this exciting new relationship with the Frisco Bowl and ESPN Events, because they amplify all the good in college football and make a difference through education, leadership and community,” said Joe Thornton, president of Scooter’s Coffee. “Through the Scooter’s Coffee Frisco Bowl, we look to deepen the connections with our loyal customers, future customers and our franchisees; and we also are looking forward to making new connections with football fans across the country. Coinciding with this sponsorship, at a later date, we will announce a partnership with a community organization that supports our youth.”

Founded in 1998 by Don and Linda Eckles in Bellevue, Scooter’s beans are roasted by its affiliated company, Harvest Roasting, in Omaha. The headquarters is located in the Miracle Hills area.

This section is sponsored by RENZE. For over 128 years, we have been providing our clients with innovative solutions for interior corporate and retail branding, as well as unique exhibits and graphics for tradeshows and events. With leading-edge equipment and quality craftspeople working out of our 90,000 sq. ft. facility, we partner with you to help create your vision. See why history never looked so good — click HERE for some of our newest historical timelines.

The project is rather unique for Omaha because it has only 147 designated parking spaces for an estimated 239 residents. The council approved the lower parking ratio, because the new building is in the urban core, close to the future streetcar line. The City of Omaha is actively encouraging higher density levels in the urban core. Completion is planned for the end of 2025.

Ground has been officially broken at the future Oxbow Crossing development along Highway 6 in Ashland, according to Omaha-based Schemmer, which is providing architecture and engineering design services for the project. The development will include a steakhouse, fast-food restaurant, healthcare clinic and 48 apartment units.

All Holy Spirit Greek Orthodox Church raised the dome and drum of its new church under construction at 193rd & Harney streets on July 13th with more than 250 people in attendance. The Raising of the Dome and Drum is the first in a series of Orthodox traditions that bless the structure as construction progresses and the congregation of 100 families gets closer to moving into the building.

This event signifies another milestone in All Holy Spirit’s nearly two-decade journey to create a unique spiritual community for their parishioners in the Omaha area. The dome itself measures 16×24 feet, weighs more than 20,000 pounds, and will ultimately reach 46 feet from the floor of the church.

Grow Omaha Snippets are brought to you by Omaha Car Care with four metro area locations – 131st & Dodge, 58th & Center, 85th & L and 144th & Harrison.

Omaha Car Care “We’ll be along for the ride.”

OrthoNebraska, a provider of musculoskeletal care and Omaha’s first hospital dedicated to care of the orthopedic patient has partnered with InTandem Capital Partners, a New York-based healthcare services-focused private equity firm. OrthoNebraska offers a number of comprehensive services, including non-operative pain management, physical therapy, hand therapy, orthopedic urgent care, emergency services, imaging, and surgical services.

Lindsay Corporation, an Omaha-based global manufacturer of irrigation and infrastructure equipment, has acquired Norfolk, Nebraska-based FieldWise, LLC, a market leader in agricultural technology products with a focus on subscription-based, precision irrigation solutions.

Werner Enterprises was recognized as a Top 10 Third-Party Logistics Provider by Inbound Logistics for the seventh consecutive year. Werner was voted number six on the list among thousands of industry professionals in the magazine’s annual excellence survey.

After climbing above growth neutral for five straight months, the Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota to Arkansas, fell below the growth neutral threshold. The index, which ranges between 0 and 100 with 50.0 representing growth neutral, dropped to 46.1 from 50.8 in June.

Union Pacific Corporation declared a quarterly dividend of $1.30 per share on the company’s common stock, payable Sept. 29, 2023, to shareholders of record Aug. 31, 2023. Union Pacific has paid dividends on its common stock for 124 consecutive years.

Berkshire Hathaway Inc.’s second quarter earnings release and its quarterly report on Form 10-Q will be posted on the Internet on Saturday, August 5th. At approximately 7 a.m.

A recent survey conducted by Mutual of Omaha Insurance Company shows many homeowners are unfamiliar with or have little knowledge of reverse mortgages (74%). Only 2 percent say they currently have a reverse mortgage, have had one in the past or plan to get one in the next year. Of the respondents who say they have some knowledge of reverse mortgages, 40 percent wrongly believe taking out a reverse mortgage would mean their heirs won’t inherit their home, and 22 percent wrongly believe they would no longer own their homes.

Dance Solutions held a ribbon cutting yesterday at 525 South Main Street in Council Bluffs. The dances school describes itself as “the area’s training facility for all artistic athletes.”

Valmont Industries, Inc. declared a quarterly dividend of $0.60 per share payable on October 16, 2023 to shareholders of record on September 29, 2023. The dividend indicates an annual rate of $2.40 per share.

People wanting to appear rich are making Prada rich for real: The luxury brand is flourishing in 2023, with sales up 62 percent so far this year; clothing, footwear, and leather goods are all key drivers of its growth, according to The Hustle.

Overstock acquired Beth Bath & Beyond’s intellectual property for $21.5 million in a bankruptcy auction less than two days after the last bricks-and-mortar stores shuttered, according to Axios. Overstock is changing its name to Bed Bath & Beyond.

This section is sponsored by FranNet of The Heartland, the local, trusted franchise experts. They are “in the business of helping you get into business!”

LEADERSHIP & MANAGEMENT

Brooke Taylor, a career coach who works mostly with female executives at companies like Goldman Sachs, Google and Salesforce, tells Fortune that three things often hold high-achieving workers back from achieving a promotion: People pleasing, perfectionism and comparison.

Only 21 percent of employees are engaged in the workplace, according to Saphia Lanier in a HubSpot article. You can remedy that situation by implementing employee engagement strategies, which are “proactive plans and actions that foster a positive company culture that leads to invested and emotionally connected employees.” Disengaged workers are 2.6 times more likely to leave an employer for another with a better culture. Low engagement costs the global economy $7.8 trillion per year.

As of June, 61 percent of adults say they are living paycheck to paycheck, according to CNBC, despite the fact that inflation has slowed.

Several start-up companies are attempting make it big catering to people going through the quintessential mid-life crisis, according to The Hustle. Modern Elder Academy offers online and in-person workshops on situations like divorce, death of loved ones, layoffs and other stressful life transitions. Reboot Partners provides workshops, coaching and retreats around the country. Elite colleges are launching programs (starting at $50,000) designed for older adults looking for new careers.

Some entrepreneurial ideas might backfire on you. A California family that earned $7.6 million just by recycling cans and bottles has been accused of multiple felonies that could lead to years behind bars, according to Yahoo Finance. California prosecutors charged eight family members with defrauding the state by importing used bottles and cans from Arizona — 178 tons in 8 months — and recycling them in California. When someone purchases a can or bottle in California, they pay an extra 5 to 10 cents in “California Redemption Value,” which the consumer can get back by returning the items to one of the state’s recycling centers. Arizona has no such program.

SALES

Most sales messaging stinks. That’s according to best-selling sales author Mike Weinberg. Here are the most common “sins,” he says hears when sellers prospect, conduct sales calls, deliver presentations or craft proposals: 1. Boring; 2. Self-focused (company or product-focused); 3. Complicated; 4. Long-winded; 5. Lacking relevance; 6. Uncompelling. To combat these “sins,” customize your pitch to what the prospective client cares about, and whenever possible, convey your message using stories.

No wonder some salespeople fail…48 percent of them never even make a single follow up attempt, according to Invesp.

WISDOM

“Success is a lousy teacher. It seduces smart people into thinking they can’t lose.” – Bill Gates

Founded in 2006 right in the heart of Omaha’s Dundee community, Dundee Bank is all about local ownership, friendly customer service, and supporting the needs of our beloved community. With nearly 100% of your deposits going right back into our neighborhoods, Dundee Bank is committed to fueling growth, enabling loans, and fostering stability for you and your neighbors. So why not open an account at Dundee Bank and discover what it means to truly support local?

Did you know that Greater Omaha produces more than $52 billion in goods and services each year?

Did you know there were actually two Paxton Hotels in downtown Omaha? The current one (now a condo building with retail on the ground floor) was constructed in 1928 at 14th & Farnam Street. Before that, the original Paxton Hotel stood on the same site. Built in 1882, it was named after Omaha businessman William A. Paxton. Buffalo Bill Cody stayed at the hotel and was a big fan of the place. President William McKinley stayed there during the Trans-Mississippi Exposition of 1898. Presidents Woodrow Wilson and Theodore Roosevelt also spent nights in the original building.

Did you know 91.1 percent of Omaha adults age 25 and older have graduated from high school? Nationally, it’s 87.3 percent.

This section is sponsored by Lockbox Storage, an affiliate of Omaha-based McGregor Interests Inc. We provide storage solutions for all of your storage needs. Our facilities have full-time managers and bright lighting to provide superior security for your belongings. In addition to space for rent, we also provide packing supplies, protection plans and locks along with complimentary handcarts and dollies. Visit LockBox Storage and let us help you with all your storage needs.

Benson First Friday on August 4th: Join Heartland Family Services and BFF Omaha on August 4th for the 10th Annual New American Arts Festival in the Benson Creative District! The New American Arts Festival celebrates the immigrant, migrant and refugee communities of the Omaha area. The BFF Summer Artist Market will have 65+ artists, vendors and community partners. You’ll be able to experience the north and south market while enjoying live music throughout the event. Come out for an evening of local artists, music and food!

Leashes at Lauritzen on August 7th: Take your dog on your next adventure! Spend the night out with your four-legged friend at an evening garden stroll during Leashes at Lauritzen. Bring your furry friend to walk the trails, meet other dogs, take photos among the flowers and foliage and meet other dog lovers. We’ll keep you and your furry friend hydrated at the stations throughout the garden!

Omaha Startups Summer Party on August 8th: Scale Omaha is hosting its 2nd annual summer party for the startups in the community. It’s a fun night to network with other startup teams in the community and provide a party for your employees (all organized for you). You’ve helped create a wonderful community this year, now come celebrate!

Night Light on August 10th: Unwind and rekindle your curiosity during Night Lights at Kiewit Luminarium! Happening every Thursday evening through August from 7-10 p.m., you can grab a drink, mingle and play with more than 100 interactive exhibits during an adults-only evening of discovery and fun on the Riverfront. Make sure to check out the hands-on activities in the Maker Space and learn with Luminators. You can purchase your ticket at the door, but reservations are highly encouraged!

August Modus Coworking Free Coworking Day on August 10th: Modus is offering a free coworking day on the second Thursday of each month from 8 a.m. to 5 p.m. High-speed wifi, office amenities, unlimited coffee, tea and catering from a local business are all available for free. Stay for the complimentary happy hour starting at 4 p.m., which includes free wine and snacks. It’s a great opportunity to network and connect with other professionals.

Do you have an event you want Vesta to publicize? Share them with us here for free!

This Upcoming Events section is sponsored by Eagle Mortgage Company, is a locally owned and full-service mortgage company in Omaha.

Eagle Mortgage can help you realize your dream of owning a home.

Congratulations to Omaha’s hometown hero Terence Crawford who won the undisputed welterweight crown by defeating Errol Spence Saturday night in nine rounds at T-Mobile Arena in Las Vegas. With the victory, Crawford unified the WBA, WBC and IBF titles with his already held WBO belt. He became the first undisputed welterweight champion of the four-belt era and the first male fighter in the era to fully unify multiple divisions after previously holding all four belts at junior welterweight.

Union Pacific Corporation has appointed Doyle Simons, former president and CEO of Weyerhaeuser, and John Wiehoff, former chairman, president, and CEO of C.H. Robinson, to its board of directors, effective immediately.

Cobalt Credit Union has appointed Jennifer McIntyre as vice president of business intelligence.

CFO Systems has added Doug Hiemstra as a partner, joining existing partners Brett Frevert, Brad Johnson, Mark Nelson, Mike Draper, Neal Greenberg and Steve Getzfrid.

Joe Maginn has been promoted to vice president of underwriting in Workplace Solutions at Mutual of Omaha. He manages the Western Region Underwriting team. Maginn joined Mutual in 1997 as a group underwriter. In 2001, Maginn left Mutual to become an underwriting consultant at Lincoln Financial Group. He returned to Mutual in 2004 as an underwriting consultant. Maginn was promoted to supervisory chief underwriter in 2009 and to underwriting manager in 2019.

Omaha-Council Bluffs Metropolitan Area Planning Agency has hired Rachel Goettsch as a transportation planner. She had served as a GIS intern for MAPA in the past.

The “People in the News” section is sponsored by Baird Holm LLP. Baird Holm’s dedicated team of real estate lawyers has extensive experience in all aspects of real estate law, including purchases, sales, zoning and land use, leasing, and dispute resolution. Click HERE for more information.

Giant headline on the front page of the Wall Street Journal – in size 26 font, no less – “Economy Defies Predictions.” The only things dumber than economic predictions, are stock market predictions.

President Harry S. Truman was fond of saying that economists have predicted 10 of the last 7 recessions. Cramer and his cronies have been bloviating for most of the year as to whether the Fed’s toothless interest rate policy would result in a soft or hard landing. Correct answer? Neither!

In the last quarter, the economy grew at a 2.4 percent annual rate. The academics and the politicians have a cult-like belief in the ability of the Fed to fine tune the economy. Google Voodoo. Over the past year or so, the Fed has raised an interest rate – that is rate singular – 12 times. The only rate they can touch is the rate at which they loan money to commercial banks. The big time Wall Street traders – who run the show – said, “Screw you.” So far this year, they have held the yield on the 10-year Treasury to within half a percent of where it was 15 months ago.

Next, Chapter 2 of the ongoing saga of the stock-picking gurus that don’t have a clue. The ugly stepsister of the market, the Dow, has turned into a butterfly, mainly due to the extraordinary resurgence of another ugly step sister, General Electric. According to the Wall Street analyst core, GE died when Jack Walsh retired in 2002. The stock price dropped to below $3 a share. Today it’s close to $120.

In order to understand what’s going on here, you need to have a basic knowledge of how indexes are constructed. The NASDAQ and S&P are weighted by market cap. The Dow is weighted by price. The Dow is only 30 stocks, so a dramatic increase in the price of one stock has a significant impact on the index. At the beginning of the year, the NASDAQ was surging, the S&P was growing at an average pace, while the Dow was sluggish. Then, all of a sudden, GE surges; the Dow comes to life, and like a 200-to-1 long-shot at the Kentucky Derby, prances into the lead.

So, who saw this coming? NOBODY. Which is an important lesson about index funds. If you are one of those hotshot stock pickers who makes investment decisions based on the advice of Gary Sadlemyer at KFAB, good luck with that! Index funds investors (the proper definition of index funds is the big three – the Dow, the S&P and the Nasdaq) didn’t see GE coming, but they made money from it.

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The Grow Omaha radio show broadcasts live every Saturday morning at 9:00, but now you can watch videos of each episode instead of just listening.

Grow Omaha’s brand-new website features video footage shot inside the radio studio during each week’s show!

Videos include News of the Week, Lightning Round, guest interviews, and “Grow Omaha Uncut,” a behind-the-scenes look at what happens during commercial breaks.

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