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Weekly Market Report – November 9, 2023
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Restaurant & Retail Updates
Helados Locos plans to open the first week of December in a former Weight Watchers space in Lakeside Hills at 173rd & West Center Road. Helados Locos, which means “crazy ice cream” in Spanish, will bring traditional Hispanic desserts to west Omaha. All the ice cream will be locally sourced from Tipico Helado in South Omaha. Helados Locos is a new concept from the owners of Javi’s Tacos.
Le Macaron French Pastries will open its first Nebraska or Iowa location early next year at 1917 South 67th Street in Aksarben Village. The Florida-based chain has more than 60 locations in 23 states.
Youshu has opened at the Inner Rail Food Hall in Aksarben Village and serves authentic Thai food.
Chirpy’s Play Café will hold a ribbon cutting ceremony next Tuesday at 2063 Creek Side Drive in Papillion. Chirpy’s is a unique pairing of a coffee shop for parents and an indoor play space for children.
Two new businesses will open next week on the ground floor of the HDR headquarters building in Aksarben Village. A+Priori is a locally owned men’s clothing store. R.U.B. Rotisserie Urban Chicken is operated by Carlos Mendez of Au Courant Regional Kitchen and occupies the former Greenbelly space.
Brown’s Shoe Fit Co. has opened a new store at 7624 Dodge Street. The retailer was founded in 1913 and is headquartered in Shenandoah, Iowa.
Power Life Yoga Barre Fitness plans to open a store soon at Village Pointe Shopping Center. Interior build-out is underway.
The Super Target at 718 North Washington Drive in Papillion will hold a ribbon cutting November 21st to celebrate completion of the store’s remodeling project.
Nettie’s Fine Mexican Food at 7110 Railroad Avenue in Bellevue no longer plans to reopen, according to WOWT. The popular restaurant burned down last year on Christmas Eve.
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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
Grow Omaha Eats with
Sarah Baker Hansen
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Review: The Blackstone District’s Kamp makes grown-ups feel like kids again
It didn’t take me long to decipher what I think is the through-line between all four restaurants — Nice Rollz, Angelwingz, SingleDouble and Los Rollies — at Kamp, the food hall and bar in the Blackstone district.
As we dined and drank down a path of Takis-dusted elotes; crunchy, ground beef filled rolled tacos; messy but delicious cheeseburgers; big bowls of just greasy enough fried rice; and ordered drinks from the glowing neon bar that prominently features a shot glass carnival game, I realized it: Kamp isn’t for kids.
It’s for grown-ups who want to forget about tasting menus and wine pairings and have a bit of fun during dinner, no questions asked.
Kristina Lee, who blew many of us, myself included, away with her bulgogi burger pop-ups at Archetype coffee during and after the pandemic, is the creator of three of the four concepts inside Kamp, which is run by Extra Credit Group: culinary director Lee; president Michael Sanchez, who runs Mula, Benson’s Taco Co. and Maria’s, in Ralston; operations director and long-time restaurant manager Sammy Pattavina; and creative director Jake Dawson.
Lee said the foursome came together with the goal of creating something that didn’t already exist in the Omaha dining scene that was also a place that they themselves want to enjoy.
“It doesn’t look like any other places I have gone to,” Lee said. “It makes Omaha feel like a bigger city. We are really proud of that.”
I will guess that the main reason I (and I bet a lot of other diners) initially tried Kamp was for that aforementioned Nice Rollz spicy bulgogi burger, but you won’t find it on the regular menu. Instead, Lee has pushed Nice Rollz beyond it, with a lineup of fried rice bowls that can feature beef, chicken, pork, shrimp, kimchi or vegetables, along with fried egg rolls, crab rangoon nachos, cold sesame noodles and Korean corn dogs, among other items.
Lee told me that the bulgogi burger is set to return in November, part of a regular lineup of Sunday burger nights that will take place the last Sunday of every month beginning November 26th. She said there won’t be one in December because of the holidays, but she plans to pick up again in January and continue from there.
Lee was raised in her Korean parents’ Chinese restaurant in Hastings, Nebraska, and at Nice Rollz, she’s taken the classic dishes of Americanized Chinese food and made them her own.
Her fried rice comes packed with protein — Pattavina recommended beef when I ordered, so that’s what we got. I remember eating what seemed like hundreds of pounds of fried rice from the Imperial Palace Express in the Nebraska Union on the University of Nebraska-Lincoln campus when I was in college, so I feel experienced enough to say that Lee’s rice is much, much better than that.
It’s just greasy enough, flavorful, packed with pieces of tender beef. Salty and savory, it has what my grandma called a “moore-ish” flavor: all you want to do is eat more. The cold sesame noodles had the right amount of sauce; it’s not dripping off, but the noodles get evenly coated and the sauce packs a flavorful, peanutty punch. Egg rolls look basic, but the crisp skin absolutely shatters with each bite. They come served with a neon red sweet and sour sauce for dipping.
That night we also tried the single burger from Single Double — as the name suggests, each burger on the menu comes with either a single patty or a double pair. The house burger patty comes topped with American cheese, caramelized onions, house made pickles (quite good), SD sauce and a side of either fries or onion rings.
The SD sauce, a thin, spicy-sweet concoction, reminded me of the bottled Ssam sauce that Momofuku used to manufacture. It’s kicky and bright but also sweet, and shines through next to the rest of the ingredients. Thickly breaded onion rings are a fine companion.
Kamp will accept substitutions on its menu if a diner has a food allergy, but otherwise, it asks customers to try the food as it is; I did not request any substitutions during our visits and found few issues with their creative combinations. Lee said the menus aim to include something that virtually any diner can enjoy: For example, she described the Single Double All-American as the “bulgogi burger’s American cousin.” It definitely gives off a Big Mac vibe.
Another night, we returned to find Los Rollies, the newest concept, open for business. It has only been open a couple of weeks, and replaced Concessions.
Concessions’ best-selling menu items, including the Korean corn dogs, have been distributed through the menus of the rest of the concepts to make room for something new. Lee said Los Rollies features the rolled tacos that, in my opinion, have been a hidden gem on the Mula menu for a long time, in several flavors.
I still like the super crispy beef rolled tacos, which come topped with fresh, cool pico de gallo, lettuce, tomato and a drizzle of sour cream. The side of green salsa is great, with plenty of spice. I wished our side of chips had been a bit warmer, though, and a bit less greasy.
I will say that I might have mis-ordered at Angelwingz in an effort to be adventurous instead of going with my gut. I probably should have ordered the chicken sandwich, but instead I ordered wings with the “Taki Elote to me” sauce and the “Buff Baby” sauce. Angelwingz does not skimp on toppings or sauce, and the wings come absolutely loaded with both. In the case of the elote wings, they come topped with elote corn salad, crushed Takis and a drizzle of sauce.
Are the wings good? Yep. Would I order this one again? Nope. It just isn’t to my particular taste. Simpler, spicy Buffalo sauce was more up my street.
The drink menu at the bar is simple, and features a few cocktails — I really liked the margarita — along with tap beer, canned wine and several shot and beer combinations. There are also personal-sized pitchers available, and the “Ring my Bell” game: order an ice shot, toss it back, then toss your glass at a tiger shaped bell on the wall. Hit the bell with the glass and join the Kamp hall of fame. (No, I did not try this. I would have failed miserably.)
I’ll be back to Kamp. Its fun and lighthearted take on food doesn’t skimp on quality or interesting twists. They have the kind of food that, somehow, hits the “something for everyone” category and does it successfully. That’s not easy. Kamp makes it look fun.
Mon – Sat: 11a – 10p
Sun: 11a – 5p
The Big Story
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Streetcar Takes Another Step Forward
Omaha Mayor Jean Stothert this week unveiled the first phase of Omaha’s modern street car design. So far, the design is 30 percent complete.
Plans call for 16 stations along the planned streetcar route. Thirteen of the stops will be located curbside along Capitol Avenue as well as Farnam, Harney and 8th streets.
The three streetcar stations in the Blackstone District will be located in the median of the street. The median stations are intended to create a safer pedestrian crossing and slow down traffic on Farnam Street through the busy entertainment district.
The city will place “Future Boarding Zone” signs along the route so Omahans can get a sense where future streetcar stations will be located. Each sign will have a QR code to learn more about the future stops.
The western terminus will be at 39th & Farnam Street instead of the originally planned 42nd & Farnam Street. The route will then proceed east to 10th Street. From there, it will go north on 10th Street, terminating at Capitol Avenue.
The western terminus will likely be extended in the future once the University of Nebraska Medical Center finalizes plans for its major campus expansion.
The streetcar may be extended to the north someday as well. In fact, the city has applied for a $300,000 U.S. Department of Transportation grant to study an extension into north Omaha.
The newly unveiled plans also include a Vehicle Maintenance Facility and Traction Power Substations (TPSS).
The maintenance building will be constructed near the south entrance of the CHI Health Center’s Lot A (the parking lot entrance will be relocated). Current parking capacity in the lot will be maintained.
Three TPSS locations will be built along the route to provide power to the streetcar. These will be located at Turner Boulevard & Farnam Street, 24th & Farnam Street and 16th & Douglas Street.
During construction, workers will replace the Farnam and Harney bridges over Interstate 480. Both bridges are part of the Nebraska Department of Transportation’s previously announced plan to improve and replace Omaha-area bridges. NDOT will pay for portion of the replacements.
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Grow Omaha Snippets
Grow Omaha Snippets Sponsored by:
At Grow Omaha, we like to say the tower crane is Omaha’s “official city bird.” Tower cranes are typically used to construct taller buildings especially in urban areas where space is tight. Right now, tower cranes are in place helping build the Mutual of Omaha tower downtown, a 9-story mixed-use building in the Blackstone District and a 6-story hotel by the Med Center.
Within the past two weeks, crews started installing two additional tower cranes at the future Omaha Public Library’s new flagship central branch at 72nd & Dodge Street as well as at the Tenaska Center for Arts Engagement downtown immediately east of the Holland Performing Arts Center.
The University of Nebraska Medical Center said Wednesday it is interested in participating in a second phase of Omaha’s modern streetcar project, one that could take the streetcar route west onto UNMC’s growing campus, according to Nebraska Examiner. Med center leaders believe such an extension could be funded by tax-increment financing. No timeline was given.
The Omaha City Council this week approved $551,000 in tax increment financing for Curtis Corner, a nine-house development at 49th & Curtis Avenue, according to the Omaha World-Herald. The houses will be sold to income-qualified buyers whose household income is 60 to 120 percent of the Omaha area median.
CNN has named Omaha as one of the 20 best mid-size cities in the United States. The accompanying article says the 20 cities are on the upswing, “worthy of your attention” and where “the living is easy and the fun is almost guaranteed.”
Regarding Omaha, CNN said, “…The new RiverFront Omaha is a big draw, combining three public parks into one with amenities like a sculpture garden, interactive water features and a dog park. In Omaha, you’ll find world-class works of art, including Monets and Renoirs, at the Joslyn Art Museum. This mid-size city is also home to the Henry Doorly Zoo, which consistently ranks among the top zoos in the world.”
The other 19 cities were Tampa; Henderson, Nev.; Port St. Lucie, Fla.; Overland Park, Kan.; Fort Collins, Colo.; Minneapolis; Frisco, Tex.; Huntsville, Ala.; Durham, N.C.; Boise, Idaho; Chattanooga, Tenn.; Modesto, Calif.; Lubbock, Tex.; Knoxville, Tenn.; Kansas City, Mo.; Colorado Springs; Madison, Wis.; Salem, Ore.; and Tallahasse, Fla.
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.”
Local Business News Sponsored by FranNet of The Heartland:
Ellie Mental Health will hold a ribbon cutting Tuesday, November 14th at 3803 North 153rd Street, according to the Greater Omaha Chamber. Ellie Mental Health is a franchised chain of counseling offices based in Minnesota.
The Council Bluffs Chamber of Commerce and The 712 Initiative plan to merge their organizations. The 712 Initiative is a “place-making agency” focused on improving downtown Council Bluffs and the West Broadway corridor.
Berkshire Hathaway reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash, according to CNBC. The Omaha-based conglomerate’s operating earnings totaled $10.761 billion last quarter. That’s 40.6 percent higher than the same quarter a year ago. Berkshire held a record level of cash at the end of September — $157.2 billion — topping the $149.2 billion high set in the third quarter of 2021.
Alaska Airlines this week celebrated 10 years of air service at Omaha’s Eppley Airport.
A Mutual of Omaha survey of consumers aged 60 and older who are not yet on Medicare reveals that 40% estimate that in addition to the Part B premium they will pay to Medicare, additional private insurance coverage will cost between $100 and $199 per month. Another 25% expect to pay $200 or more.
Sage Capital Real Estate recently celebrated its 10-year anniversary with an open house at its new office on the 14th floor of the Omaha Tower near 72nd & Mercy Road.
John Heine and Dani Berke of Oak Investment Real Estate recent brokered the sale of a 61.5-acre industrial parcel of land southeast of Blair High Road and Highway 36 for $2.97 million. The yet-to-be-announced buyer plans to build its headquarters on the site.
Baird Holm has been recognized as a 2024 U.S. News & World Report – Best Lawyers “Best Law Firm.” Baird Hold was ranked in 32 practice areas.
TryHard Logistics & Warehousing has leased a 64,000 sq. ft. space at 13661 Giles Road, according to John Meyer of NAI NP Dodge, who represented the warehouse and distribution company in lease negotiations.
AMCON Distributing Company, an Omaha-based consumer products company, has announced fully diluted earnings per share of $19.46 on net income available to common shareholders of $11.6 million for the fiscal year ended September 30th. The wholesale distribution segment reported revenues of $2.5 billion and operating income of $39.7 million for fiscal 2023. The retail health food segment reported revenues of $43.1 million and an operating loss of $0.7 million for fiscal 2023.
Maersk, one of the world’s largest shipping companies, is laying off thousands more workers as weak demand and lower freight prices pummel its revenues, according to CNN Business. The Denmark-based company’s third-quarter revenue of $12 billion was about half the third-quarter 2022 number.
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!”
Grow Omaha University
Leadership & Sales Insights for Ambitious People
Sponsored by Dundee Bank
LEADERSHIP & MANAGEMENT
As a leader, be a hero maker, not a hero. That means you check your ego at the door; it’s not about you. Hero makers listen, coach, mentor and teach. They sometimes choose NOT to rescue their employees, allowing them to learn valuable lessons from failure.
Thirty-six percent of CEOs at large companies say they expect their firm’s growth to be strong or very strong over the coming 12 months, according to Fortune. Another 50 percent said modest, while only 12 percent said either weak or very weak.
A recent survey of 865 corporate travel managers and procurement professionals showed that most travel budgets will increase or hold steady next year, according to Business Travel News. Only 14 percent of respondents said they are planning to limit business travel because of economic concerns.
A recent study has uncovered a startling truth about newly promoted managers: in a survey of 1.2 million U.S. workers, nearly one-third of them quit their roles within the first month after their first internal promotion, according to a Forbes article by Rachel Wells. The reasons? Inappropriate pay, lack of support, lack of training, imposter syndrome and burnout.
Did you know it’s possible to complain without being negative? It’s true, according to Anthony Iannarino, author of The Negatively Fast:
1. Be specific. Don’t generalize. Explain your complaint so others understand. When you say, “Everything here is terrible,” that is too broad. First, you’re exaggerating, and second, you can’t solve everything. Try this instead: “We don’t have the support we need to take care of clients. We need another person.”
2. Focus on problems. This one can be a little more difficult. Focus on the problem, not the person. You may find that the person isn’t to blame; the process is. But if it turns out to be this person’s fault, treat them like you would want your children to be treated should they struggle.
3. Respect other people’s views or opinions. Ask them to share their perspective. You may have a little conflict around something you or others are complaining about. You may be missing some information, or maybe someone else is missing it. Be patient and professional and ask that party to explain what’s going on, what they have tried, and what might work. If you want people to listen to your perspective, listen to theirs.
4. Be prepared to negotiate or compromise. You may not always get the solution you want. You may have to split the difference, trading support for you and another party to both get what you want. Compromise and diplomacy will make you more successful.
Sales expert Chris Corey has two pieces of advice for you: 1. Research your prospects; and 2. Stop telling them things. Researching your prospects gives you valuable insight into who they are, their philosophies, who’s on their team and what they think is the secret sauce that makes their offerings so special. Read more HERE.
According to Sales Gravy, top performers carefully plan their year, quarter, month and week, as well as their daily schedule. Too many sales reps fly by the seat of their pants and only look at the day or week ahead instead of planning their month and quarter. See the big picture.
Approximately 85 percent of prospects are dissatisfied with their on-the-phone experience with a sales pro regardless of whether it’s an inbound or outbound call.
You can improve your sales skills without burdening your already-overloaded schedule. It’s called BragBird, and it fits into your regular sales meetings. You can also use it for new sales rep training. Because it’s cloud-based, you have constant access to all the content on demand. Here’s a free module so you can take it for a test drive. Click HERE now!
“The price of inaction is far greater than the cost of making a mistake.” – Meister Eckhart
Did You Know?
Surprising Facts, Figures & Points of Pride That Make Omaha Unique
This section is sponsored by Lockbox Storage.
Did you know that 80 percent of Creighton University’s current student enrollment comes from outside the state of Nebraska and that 50 percent of its graduates stay in Nebraska?
Did you know there were rumors in 1898 of an international plot to assassinate President William McKinley when he visited Omaha during the Trans-Mississippi Exposition? Fortunately, there was no attempt on the president’s life. (Source: The late Omaha historian Howard A. Hamilton).
Did you know that industrial real estate in the Omaha metro area is only 2.4 percent vacant? That’s an extremely low rate, which indicates Omaha’s economy is thriving, but it makes it difficult for companies to expand here.
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.
Upcoming Events in the Metro
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CreativeMornings/Oma Rhythm featuring Meghann Henry on November 10th: Meghann Henry is the new executive director of the Omaha Conservatory of Music. Prior to moving to Omaha, she held creative leadership roles with theaters, libraries, and most recently, a puppet company. She will be speaking at the CreativeMornings with a focus on how to find rhythm in chaos. This is a great event for sharing some of your own creative projects and connecting with like-minded individuals. Join others for coffee, new insights, networking and more!
November Modus Coworking Lunch and Learn on November 15th: Join in on this month’s free lunch-and-learn at Modus Coworking! This month features Envision Success speaking about how to achieve success in your business. You’ll be able to gain new insights, connect with your community and enjoy a free lunch!
Scaling Product Strategy for 200k Sports Teams with John Wirtz on November 16th: Join others for the monthly Scale Omaha event, featuring John Wirtz! John co-founded Hudl in 2006 with the ambitious goal of building the most powerful video and data platform in sports to help talent everywhere thrive. Since then, Hudl has grown into the global leader in sports performance analysis solutions, serving more than 200,000 teams in 139 countries. Gain valuable perspectives on product-market fit, assembling a world-class team, fostering company culture, strategic decision making and more. This is a unique opportunity to learn from one of the most successful founders in sports technology!
Explorer Series Wine Class on November 16th: Participate in Spirit World’s monthly Explorer Series class as it takes a slight detour this month and pairing wines and wine-based spirits! Join for a rare opportunity to taste several wine and wine-pomace spirits side by side (think: Nebbiolo wine and Grappa Nebbiolo). Learn how specific grapes translate between wine and spirits, how terroir impacts the taste and the history behind them!
Night Light on November 16th: Unwind and rekindle your curiosity during Night Lights at Kiewit Luminarium! Happening every Thursday evening from 7 to 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!
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.
People in the News
Sponsored by Baird Holm Attorneys at Law
Omaha Steaks has named Nate Rempe as president & CEO, replacing Todd Simon, who will continue as chairman. Rempe joined Omaha Steaks in 2016 and has served as president and COO since June 2020.
Werner Enterprises announced that Michelle D. Greene was appointed to the company’s board of directors. She will fill the seat that was held by Kenneth M. Bird, who retired from the board effective November 6th. Greene will serve on the board’s Audit Committee and the ESG Committee. She is executive vice president and Chief Information Officer at Cardinal Health in Dublin, Ohio.
Lutz, an Omaha-based business solutions firm with offices in Omaha, Lincoln and Grand Island, recently added several staff accountants to its Omaha location: Terry Arvie; Tatum Devish; Jack Distler; Emma Egger; Natalie Janssen; Thomas Kerr; Braden Myers; Connor Riekenberg; Matthew Sherman; and Xavier Steffensmeier.
Wall Street: The Week in Review
with George Morgan
Morgan is the founder of Morgan Investor Education of Omaha.
Sponsored by Baird Holm Attorneys at Law
Views and opinions expressed herein are solely those of the author.
Cover your ears and lock the kids in the other room, because I’m going to talk about the four-letter word. Not that one. The other one: CASH!
When I was a young pup of a broker, I told my clients, “Cash is trash.” Why? Because if you’re holding a bunch of cash, I can’t make any money. But, if you’re holding stocks, I can convince you that it’s time to sell what you have and buy something else.
Well, that was then and this is now. A recent headline in the Wall Street Journal blared: “Cash is King!” For many investors and advisor types, the only thing they have experienced is an environment where inflation was benign and interest rates were hovering near zero. However, we now have a crushing inflation rate, and interest rates are through the roof. Throw in to this witch’s brew a hawkish Fed and a Congress spending like drunken sailors.
All this has the stock market and the bond market acting like the Coney Island roller coaster. The majority of the assets managed by the professionals are in robo accounts containing both stocks and bonds. Remember, bonds are supposed to be safe. Well, that dog quit hunting about a year ago. And now both markets are heading south.
In the midst of all this befuddlement, we have seen money market rates go from next-to-nothing to a bit over 5 percent. And that’s a 5 percent with low risk and high liquidity. As a result, the internet brokerage firms have reported that their self-directing clients are shifting dollars from their low-paying cash accounts, to higher paying money market funds. These funds now hold a record $5.6 trillion.
But, the Wall Street Journal article quoted above reported that investment professionals caution that DIY investors pouring assets into money market funds risk the potential of losing out on gains when the stock and bond markets return to the upside. Thus, the computers who manage their robo accounts are programed to stay the course and ride out the storm.
So, who is right and who is wrong? Short answer: Nobody.
Investing is not a one-size-fits-all situation. If you’re 30 years old and you have another 40 or 50 years left until retirement, patience is a virtue. However, there are those with many years and a few donuts under their belts who favor protecting the downside at the risk of giving up some upside. So, in the words of a wise investor who lives in Omaha: “You date cash! You don’t marry it.”
P.S. Berkshire has $157 BILLION in CASH!!!
Quantum Fiber Expanding Fiber-Fast
Speeds to Millions of Homes in U.S. Cities!
Quantum Fiber in Omaha, Nebraska, is super-fast, reliable internet. We did away with data caps, bundles, and pricing gimmicks because you don’t want them. Instead, you get game-changing customer service, transparent pricing, and a powerful app for freedom, simplicity, and control over your internet. Quantum Fiber is what internet service looks like when it’s built for the world of you.
Have You Watched Grow O on Video Yet?
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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