This year the restaurant industry is poised to put up its best numbers in four years, buoyed by an increase of roughly 2 million jobs since the depths of the recession and improved household income.
Sales are seen rising 3.6 percent to $604 billion in 2011, according to forecasts from the National Restaurant Association, the industry’s trade group.
Think you can form a technology company from scratch in just a week? That’s the idea behind SPARK, a new incubator program launched by a group of Chicago-area entrepreneurs.
The program is aimed at seeding viable ideas for Web-based and mobile applications during an upcoming startup competition that runs from July 22 to 27 in the Windy City.
Seth Goldman, co-founder of Bethesda, Maryland-based organic beverage company Honest Tea, said his company maintains a small business culture, even though parent Coca-Cola Co increased its minority stake to full ownership in March.
With 2010 sales of $71 million, the company’s teas can now be found in national retail chains such as Kroger and CVS. Goldman, in Washington recently for an SBA National Small Business week event, spoke to Reuters about the transition.