Friday, April 17, 2015

Piedmont's Triad Partnership's Triad First Capital has disappeared; Jim Melvin, Sam Simpson, David Powell etc...

The main website is gone;

The membership agreement is gone;

The investment strategy and process is gone

John Nixon's Triad First Capital profile is gone
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TriadFirst Capital Inc
P.O. Box 1418
Greensboro, North Carolina 27402
United States
(336) 482-1766

Company Description: TriadFirst Capital (TFC), a North Carolina non-profit corporation, has been established to seed and nurture a new generation of entrepreneurial leaders in the Triad region. We believe this is the single most important requirement for revitalizing and ultimately transforming the Triad economy. TFC is working toward this goal by: Recruiting and sponsoring entrepreneurs seeking to own or lead local companies. Organizing an investor network to fill the financing gap for local deals. Having TFC Partners take individual ownership (private equity) and operating positions in select Triad companies.!search/profile/company?companyId=368557921&targetid=profile
Piedmont Triad Partnership's David Powell, Again We Were First

WTF Jim Melvin, Jon Bell, Mark Brazil, Kevin Carter, Pat Danahey, Don Flow, Kelly King, Nido Qubein, Tim Rice, Kelly Stanhope and Robert Long?

Who would be stupid enough to spend $22.5 million to get water and sewer to a Megasite, about 10 miles away from another that already has it?

Seeking more investors, Piedmont Angel Network adds new structure, brand

The 2014 10 to Watch: How did they fare? — David Powell

CEO David Powell continues to refine PTP goals

...Powell has also launched Triad First Capital “to seed and nurture a new generation of entrepreneurial leaders in the Triad region,” according to the group’s mission statement.

...Powell had culled PTP’s board from 46 members to 33, putting his first leadership team in place: Kelly King as board chair, Stan Kelly as secretary/treasurer, and Bobby Long, Nido Qubein and Allen Gant Jr. as first, second and third vice chairmen.

John Hammer; "Mayor Nancy Vaughan had said that Melvin didn’t have any personal investment in the area that it was all Bryan Foundation money."

Conflict of Interest Watch; "Next stage of megasite effort will be 'a different conversation'

Zack Matheny and Mike Barber need to recuse themselves from the Megasite Water and Sewer vote
Ex-CEO cooperating with economic group on financial questions

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The 2014 10 to Watch: How did they fare? — David Powell

...the Powell years, beginning in 2011, marked the end of PTP as a vessel for marketing the Triad regionally. Powell's predecessor, Don Kirkman, worked tirelessly and publicly (and often thanklessly) to advance the concept of the various Piedmont Triad counties working together to market themselves as a region.

But it was a suit that never quite fit Powell. He was less visible to the media and the public in general, and seemed from the beginning to reject the requirement that PTP market and represent such a large area, with so many seemingly conflicting needs among the various cities and counties.

Instead, Powell — with the blessings and funding of several top Triad executives including BB&T's Kelly King and former Greensboro mayor and banker Jim Melvin — bet big on two concepts: developing a megasite to attract what Powell called a "catalytic" project, like an automobile plant; and creating a group called Triad First Capital. TFC's mission is described as raising money and using it to "seed and nurture a new generation of entrepreneurial leaders in the Triad region."

As 2014 came to a close, Powell — working closely with Melvin and Greensboro real estate broker Sam Simpson — had success in piecing together options for about 1,350 acres in the Liberty area of Randolph County.

...the great uncertainty of attracting an auto plant.

...TFC, under Powell's guidance, has also to-date been relatively quiet.
"David Powell reflects on finishing megasite work, life after PTP

As president and CEO of the Piedmont Triad Partnership, David Powell has spent a great deal of energy assembling land for a megasite in Randolph County that could house an auto manufacturer

Though Powell will no longer be president and CEO of PTP — former Wells Fargo exec Stanhope Kelly has been named to those posts on an interim basis — Powell said he has been asked by the PTP board to complete land assembly for the megasite over the next six months

...So far, PTP has been the only entity that has controlled the real estate associated with the project, said Sam Simpson, a broker with Simpson Commercial who has been hired to assemble the megasite land on behalf of the PTP.

A separate organizational structure for the megasite would represent the interests and views of all partners seeking a stake in the project.

...Powell said he plans on staying in the Triad to pursue the private commercial real estate business, and is already pursuing partnerships with several developers...

One of those development partners is Simpson. The two became friends through their work on the megasite project.

"Sam and I are looking at several different projects across the state of North Carolina to develop," Powell said."
David Powell
Principal at TriadFirst Capital

September 2012 – Present (2 years 8 months)

Piedmont Triad Partnership
September 2011 – February 2015 (3 years 6 months)