Episode Transcript
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Speaker 1 (00:00):
This is the New England Business Report with Joe short
Sleeve and Kim Carrigan, a weekly round up and discussion
of the top business news impacting our New England economy.
Speaker 2 (00:09):
Good morning, everybody, and welcome to the New England Business Report.
On this Sunday morning, it is November the twenty third.
I cannot believe it's already November the twenty third. I'm
Kim Careergan and Doe short Sleeve has the day off.
I am so happy that you decided to spend some
of your Sunday morning with us this morning. I cannot
believe that Thanksgiving is this week and on this Sunday morning,
(00:31):
I must confess I already have my Christmas decorations up.
I know, criticism, criticism from a whole lot of people,
although I am seeing a lot of Christmas decorations in
my neighborhood, so I think I certainly was not the first.
I don't have any Christmas shopping done, and maybe some
of you do. Joe I know, if he was here,
he would say he has. He's such an overachiever. But
(00:51):
I do have my Christmas decorations. My kids are coming
home for the holiday and I want to get that
out of the way, and so I hope everybody's getting
for great week. Let's take a look at some of
the stories that we have come in your way this morning.
First up, the former Boston City councilor Tito Jackson is
going to be our guest.
Speaker 3 (01:10):
Now.
Speaker 2 (01:10):
Joe and I had a chance to chat with Tito
before Joe left on vacation. Tito is the CEO of
the cannabis dispensary Apex Noir, which is located in Boston,
and we're going to talk to Tito today about the
cannabis industry as a whole. We're going to talk to
him then specifically about cannabis cafes. For those of you
(01:31):
who maybe have never heard of this term before, this
is literally what it sounds like. This will be storefronts.
This will be little places where people can go in
and they can buy marijuana. Most of the time you
can't smoke it, but you can buy it by edibles,
and you can gather with friends and it's social places,
(01:53):
so it's very much like being in a bar, but
it is marijuana based. The Cannabis Commission is expected to
vote on this has been sort of promise to those
who are in the industry for a long time. Tito's
going to talk to us about what this is going
to mean for the industry as a whole, what it's
going to mean for those who have licenses, and then
most importantly, what it's going to mean to consumers. We're
(02:14):
also going to be joined this morning by the executive
director a Plumber Youth Promise. It's an organization, it's based
out of Salem, and this lovely woman has joined us before.
That organization really is in the business of trying to
help troubled families and make sure that they stay together. Now,
during that process, a lot of times youth have to
be taken out of their homes, and Plumber has safe
(02:35):
housing for these young people. This morning, we're going to
talk to them about the organization's holiday gift drive and
what a package under the Christmas tream means for a
child who is going through this kind of trauma in
their life and maybe otherwise would not have a gift.
We're also going to tell you how if you'd like
to get involved, you can, And in these times when
we are seeing so many cutbacks and businesses are experiencing
(02:59):
so much uncertainty, we're going to speak to the Boston
Gloves Cheap chief Marketing and Strategic Initiative officer, and we're
going to learn about something that they are doing there.
They are looking for the fastest growing businesses in New England.
We're going to learn so far what they believe those
might be, and how those are driving the economy and
(03:21):
how they've become those fast growing businesses in times like these.
So she will be joining us in just a short
amount of time. Finally, on this Sunday morning, we're going
to be talking to a teenager. Now, let me ask
you something. When you were a teenager, what were you
thinking about. Pick a minute and think about that. I
was thinking about dating and socializing and maybe trying to
(03:41):
get into college. And I was barely thinking about that.
By the way, we're going to be meeting with a
young man who, along with his brother, started a business.
They went door to door to collect recyclable junk. Well,
this went a lot further than they ever anticipated. Now
they employ other teenagers. They're actually not teenagers anymore. They
are in college and it is a growing, growing business.
(04:03):
We're going to be joined by Kirk McKinney coming up
to hear his inspiring story. But first, a conversation about
the cannabis industry has promised with former Boston City councilor
and cannabis entrepreneur Tito Jackson. Now I started this conversation
with Tito about the pod industry as a whole and
how it stands in Massachusetts.
Speaker 4 (04:23):
Well, Kim, thank you so much for having me. It
is a challenging industry in the state of Massachusetts right now.
We obviously know things began in twenty eighteen and there
were lines down the street everywhere and it was the
green rush at the time. There have been well over
(04:44):
three hundred dispensaries opened in the state and over one
hundred grows that have actually opened. And you have seen
the regular economics of an industry where you've seen a
drop in the per pound pricing that you know, from
twenty twenty one you saw like a five thousand dollars
(05:06):
wholesale healm and you're down to about twelve hundred dollars
in wholesale pounds right now. So there has been some
compacting of pricing in the industry which has meant that
some of the folks and this is around forty to
fifty dispensaries have actually gone out or are not renewed.
(05:30):
So this new license type is one of the things
that many folks are looking at to help supplement the
strength of their business.
Speaker 5 (05:41):
Talking with Tito Jackson, of course, a former Boston City councilor,
he plans to apply for a social consumption license, as
they are called. Looking at a Globe article here at Tito,
the headline being marijuana lounges are about to become a
reality in Massachusetts. So you're going to apply for a license.
What's your vision? How do these places? How will they work?
Speaker 4 (06:05):
So Joe, I know you've been to a bar or
two or three, Kay, So these you know understand, Since
we voted on this in twenty sixteen, the consumption component
was actually in the bill that we voted on in
(06:26):
twenty sixteen. There were some language tweaks that needed to happen.
The Secretary of State said, and thanks to Charlie Baker
and the legislature and Charlie Baker signing those tweaks into law,
whether he was leaving, we actually have an opportunity to
actually move forward. Really right now, we're looking to the
(06:51):
regulatory body, the Cannabis Control commission to tell us the
specific So there are currently on the table three license types.
One which is a supplemental license, so that is for
someone who already has the cannabis license and would just
be supplementing that cannabis license. My building is seven stories,
I have a two story dispensary, so I could actually
(07:12):
take one of my dispensary floors and make it into
hypothetically a non smoking cafe and almost make not many changes.
So that would mean you would be able to consume edibles.
You could be able to consume We actually have recently
got infused cake frosting, so you could do cake pops.
(07:36):
You could possibly have drinks, and and if you did
want to light up, you would then have to make
a change to the building and uh that that would
be a modification that would have to happen with HVAC.
The second category is what they refer to as hospitality,
and that is a place that does not actually have
(08:00):
a cannabis license. Hypothetically a bar, even a movie theater.
We actually carry and fuse popcorn and Kim that would
be a great great movie to watch, The Infuge Popcorn
and it's actually called it's actually called space poppers and
uh they just won the Best Edible of the Year award,
(08:22):
UH this this past week, and so.
Speaker 2 (08:25):
High and you take care of your munchies at the
same time. It's all in one.
Speaker 4 (08:29):
There we there we go. We're gonna we're gonna stimulate
the uh, the hospitality industry economy. And then the third
would be the event license. And that would be one
off licen license to have pop up events up to
five days. Think of a elevated Boston calling uh, a
(08:52):
Boston calling on high UH that folks could actually attend.
And I analoge that there's an now analoge here to alcohol. Right,
So all of the law when you read it, it
was as alcohol. And so as a former elected official,
I got a lot of phone calls about people smoking
in parks and issues you know, relative to kind of
(09:15):
public new sense and the like. This all now gives
people an actual place to actually smoke and connect with
each other. It brings it inside uh and gives people
uh the opportunity to be creative. We have a have
an R and B speak easy and and we have
a roof deck lounge. And so we look forward to
(09:39):
actually keeping with the spirit of R and B and
combining that with uh a lounge that's comfortable, potentially having
food uh and actually uh beginning to normalize the cannabis
industry and cookies and donuts and uh, you know we're
(10:03):
close to the North End, maybe we'll have a canoli too.
So there there are uh, there is an opportunity to
actually partner the cannabis industry with an amazing aspect of
the local economy, which is hospitality. We have some of
the most the best and obviously we know Michelin is
(10:24):
coming to Boston, you know, so we now are really
working on normalizing this industry. It is a economic driver
in the state. Cannabis is now uh the number one
cash crop in the state. Ocean spray eat your heart out.
We instead of Cranberry's. We actually are able to make
(10:46):
more money in the state of Massachusetts off of cannabis.
Speaker 6 (10:50):
Uh.
Speaker 4 (10:50):
And now uh there's about well over three hundred million
dollars that goes into taxes in the state of Massachusetts
that come from the cannabis industry. So it used to
be a haha and now it's an aha. Comes to uh,
the amount of money that that is being thrown off
(11:11):
based on this industry So Tina.
Speaker 2 (11:13):
Let me ask you this. Do you get these sense
from customers and from the customer base that normalizing it,
which is what you've said, you know, just bring it
right into hospitality now? Is is the consumer ready for that?
Are we ready for that?
Speaker 4 (11:30):
It's happening all over the country, and and and the
other piece is understand, unlike many other products, cannabis is
not new. Joe. I'm not saying that that that Joe
rolled it when he was a young person, but it
was around and so when it comes down to it,
you know, there are uh there. The objective here is
(11:52):
to get things really on the up and up. There
are people who do infuse dinners what you're absolutely amazing.
Let's let's have them regulated and taxed. There are folks
who have been you know there, there's a place in
h In in New York City that they had, There's
(12:13):
a it's called Stone Pizza. There's some there. There are
many opportunities that are out there that are actually already
happening right now. And so I would say to you,
every single day at my dispensary, people ask for this
functionality literally every single day, multiple times.
Speaker 2 (12:32):
Okay, last question for me, what's the process here. How
much longer? When is this going to be you know,
reality in the state?
Speaker 4 (12:40):
I would I would love to be able to tell
you I knew exactly when. I believe that the Cannabis
Control Commission is working diligently under the leadership of Chairwoman
UH Shannon O'Brien in order to advance this. We are
told that this could be advancing before the end of
(13:02):
the year, and really excited about about it, and the
faster the better for us. As you know, in business,
when it comes down to how things work, time is money,
and so that's a really really critical component. And so
we're really looking forward to getting an approval by the
end of the end of the year and then applications
(13:26):
coming out. And also there's gonna be a requirement for
the City of Boston to come out with their regulatory
environment too, so all of those things have to happen.
So I'm thinking in the in the summertime, UH next year,
I look forward to inviting you both to We have
a glass retractable rooftop. It's called APEX rooftop bar and rounds.
(13:48):
It's currently an R and B speakeasy. We don't actually
we don't open on Mondays, and so we would have
an elevated Monday and we we have a R and
B violin Joe and Kim.
Speaker 2 (14:01):
I love that. That is so fun.
Speaker 4 (14:04):
We love it vie with the violinist and actually have
a good time. And him will be twenty one by
next year.
Speaker 2 (14:14):
Yes, I will just I will be able to be
there finally next year. He's Tito Jackson. It's Apex noir Tito,
Thanks so very much. Coming up Max, Boston Business Journals
Executive editor Doug Banks will join us. This is the
New England Business Report.
Speaker 1 (14:34):
You are listening to the New England Business Report on
the Voice of Boston w RKO six'. Eighty joe And
kim will be right back.
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Affiliated, hi, Everybody I'm Kim kerrigan And I'm Joe.
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Speaker 2 (17:11):
Too welcome back, everybody The New England Business. Report I'm
Kim Kerrigan Josh. Shortsleeve with the week off and this
is the time of the show that we always like
to check in with our friends over there at The
Boston Business journal to see what some of the pressing
(17:31):
headlines might have been this past week and joining us
as the executive editor of THE Bbj our good, Friend Doug.
Banks always good to have, You, doug.
Speaker 9 (17:40):
Thanks so much for having.
Speaker 2 (17:41):
Me kim's always great to be. Here, yeah there are
is at least one new star in the city Of, boston, Right.
Speaker 9 (17:48):
That's, right one new, star and it's named after a tire.
Company we've got the first Ever Michelin. Star some might
see that as a good, thing and it. Is some
might see it as a slight because we only got.
One after all the talk we've been talking for these
months and months and months About Michelin guide coming To
boston and putting a real stamp of approval on The
boston restaurant. Scene they had their big awards this past
(18:11):
week and you, Know philly GOT i think.
Speaker 2 (18:13):
Three we got, one but you, know one is better than.
Speaker 9 (18:16):
None and the three Eleven omakasei in The South, end
obviously very, small exclusive sushi. Restaurant they were the Only
boston restaurant to be awarded a star in this what
is the first year that the city was included In
michelin's you, Know High End.
Speaker 2 (18:32):
Guide were you surprised there was only?
Speaker 4 (18:34):
One?
Speaker 9 (18:35):
Yes and, no you, Know BOSTON i think has always
had a reputation for being a fish and chips. City
we've never, really you, know been considered at the level
of The San francisco's and The New. YORK'S i don't
think that it's necessarily a fair, perception but it is
hard to get over. That and you know, what a
number of companies did get the sort of recommended. Rating you,
(18:58):
know they were acknowledged as you, know being really high,
level but just not quite at that same. Level and
so companies Like Asta, Carmelina's La, pedrona you, Know Woods,
Hill pier, Four, toro you know a lot of the
companies that you would hear about in The James Beard.
Awards they were, recognized but but not you, know we've
(19:20):
got some work to do if we want to get
to that elite level and get those two and three
star restaurants here In.
Speaker 2 (19:25):
Boston so tell, Me, doug what does A michelin star
mean to a restaurant when it's all said and. Done
have they broken that down into dollars at?
Speaker 9 (19:33):
All, yeah that's a great. Question it. Means one of
the things it means is that restaurants that used to
take two weeks to get a reservation now will take
two to three. Months, yeah so the you, know not
THAT i go to a lot of these, RESTAURANTS i
don't get out as much AS i, should but you
know the ones THAT i do go to someone you,
know you or, me we're not going to get into these.
Restaurants now everyone's going to pile into. Them so from that,
(19:54):
perspective you, know it's absolutely it's a big. Deal on
the other, hand you, know restaurants now have to really
perform at that level to be able to keep that
star and so it puts a lot of pressure on
these chefs to continue to innovate and to drive and
to keep the staff that gets them. There and so
every restaurant is going to be going after the you,
(20:15):
know the the secondary tertiary chefs and cooks and people
at those restaurants and kind of pull them out of.
There it's really hard already to run run a restaurant
at that level and keep the people that you, have
and now it's going to it's even. Harder like there's
definitely a target on three ELEVEN O mucaze's, back and
so you, know it's it puts a lot of pressure on,
them and, uh you, know at the same, time it
(20:36):
does help with sales and. Marketing so there's definitely some
positives and definitely some.
Speaker 2 (20:40):
Negatives absolutely changing gears a. Bit Charles River, laboratories they
had an issue with whether they had been smuggling monkeys
into the. Country don't you love this?
Speaker 10 (20:53):
Story just love the?
Speaker 9 (20:55):
Headlines, Right, so most people don't know About Charles River
labs because they don't make their own. Drugs it's not
like A maderna or A biogen or A. Vertex they
help other companies of their clinical research. Organization in, FACT
i think over eighty percent of all the new drugs
THE fda approved over the past five, Years Charles River
laboratories had something to do with help With and they
do use mice and hamsters and rats and rabbits and
(21:18):
monkeys in their labs and they you, know provide them
to other companies for their. Labs so, Yeah so in
twenty twenty, three we reported That Charles River labs was
part of an investigation by The department Of justice that
involved smuggling of monkeys From. Cambodia and so they got caught.
Up Charles river got caught up in this you, know
monkey smuggling, Investigation well they got you, know over the
(21:41):
next two, years they've been working with REGULATORS Us fish And,
wildlife THE, SEC, doj and they've been auditing sort of
where they source.
Speaker 2 (21:49):
All of their.
Speaker 9 (21:49):
Primates you, know even as THE fda has sort of
publicly stated that they're looking for more ways to get
away from animal testing right, now they still require that
drugs use at least two animal species in their testing
before they can approve it for. People and so after
all of this is said and, Done Charles river was you,
(22:11):
know found to be not in not you, know they
were able to say yes without a doubt that we
get our monkeys. Legally and this is you, know all
of our primates we can we know where they're coming,
from and we're not part of. This but you, know
at the end of the, day it's, uh it makes
for strange, headlines but the bottom, line no monkey business
(22:33):
is going on in their monkey.
Speaker 2 (22:34):
Business kim at a boom that that was a layup for.
You you realize, that.
Speaker 9 (22:39):
Right it took a long road to get, there BUT
i got.
Speaker 6 (22:42):
That all.
Speaker 2 (22:44):
Right let's talk about private. Equity, Obviously boston a place
where a lot of this is going on and there's
some big. Players you guys broke it down into some
of the top players when it comes to private. Equity.
Speaker 9 (22:56):
Yeah, So lucy maffay is our reporter who covers venture
capital and, technology and this past summer we, said we're
going to focus on more and more deals are being
done by private equity companies, firms and we decided we're
going to start really covering the private equity scene more
in depth than we have. Been and so one of
the projects that she did we published this past week
Was Who's who In Private. Equity she spoke with ten
(23:18):
leaders In Greater boston in the private equity sector and
she identified kind of who they were and what they
were working, on and you, know we've we found some interesting.
Things one, Thing i'll tell you that story generated something
like over twenty new subscriptions for. Us our readers really.
Responded it was our number one story of the week
this past, week and you know it was it's private
(23:40):
equity is a, big big, deal big big business and,
yeah so some interesting. People one one of the private
equity leaders that she identified was a triathlon.
Speaker 1 (23:50):
Nut not.
Speaker 9 (23:51):
Surprised these are a lot of alpha you, know, folks
but type a. Personalities but what was interesting is he
takes meetings while, running so rather than me in a
co ins, room he, says, hey let's go for a
run and we'll meet on the. Run so got to
keep up with. Him another person was A Daisy chin
from The Bain Double Impact, fund which is sort of
(24:13):
investing on companies that are you, know doing well by doing.
Good and then and then another One Julia carroll actually
on the, side has a has a podcast about fertility Called,
storked and she's got more than one hundred episodes in that.
Podcast and, so you, know, really all in all pretty
interesting profiles of some interesting. People and LIKE i, said
(24:34):
this was at the end of the, day people like
stories about people because it generated a ton of eyeballs
on our.
Speaker 2 (24:39):
Site, yeah they really. Do And i've one of the
things that really struck me about, this as crazy as
this might, sound it's a real great mix of women and,
men which that was not always a case when it
came to private equity and. Ages you, know your triathlon
is thirty six years old and you've got, somebody you,
know a couple in their. SIXTIES i, mean it's, just you,
know it's just really really interesting. Group so if you
(25:01):
haven't read, that, folks be sure you do check it. Out,
uh you, know we have all known for a long
time that housing is an, issue and it looks like
finally in The boston, area The planning And Development agency
has decided it is an issue and they're going to
get you, know some approvals. Done.
Speaker 9 (25:17):
Yes, Yes so one of the other big stories this
week was that The Boston planning And Development, agency THE,
bpda approved a bunch of new housing developments this past. Weekend,
honestly the most interesting one from our perspective was the
one that Includes Northeastern. University so it's it's Replacing Matthews.
Arena Matthews, arena of, course is over one hundred years,
(25:38):
old the original home of The bruins and The, celtics
and it's going to be replaced by a new arena
on the same same. Space but it will also include you,
know student recreation practice spaces and and what's interesting is
they're also including new academic, buildings new, dorms and and
also other you, know other other buildings on the. Campus
(26:01):
but as you, said that's not. All there were a
lot of housing projects as. Well so In Dorchester South,
End Mission. Hill you, know multiple projects with dozens and
dozens of condos and, apartments and all good news for
the housing supply because you, Know lord, knows we certainly
need more and more supply because the demand is so
(26:21):
high and the prices are so high In.
Speaker 2 (26:23):
Boston, yeah they certainly all of that being. True, boy you,
know it's it's expensive and there's not much out. There
how quickly these projects are going to get? Underway had
they said.
Speaker 9 (26:33):
It's some of you, know some of them are already
sort of in the. Works construction began this summer on
The northeastern, campus for, example for a new twenty three
story building that has some of the thirteen hundred. Beds
but a lot of this is the you, know the
permits have been. Improved now they can start going in
and breaking ground and getting the you, know finalizing their construction.
Finance but so this is sort of the starting line
(26:56):
for many of those. Projects but it's just good to
see these starts. Happening, yeah, yeah it sure.
Speaker 2 (27:00):
Is, well we need the, housing but it's always good
to have the construction going on in the area as.
Well those are jobs and that's. Important Doug, Banks thanks
like always and Happy thanksgiving to, you.
Speaker 9 (27:09):
Sir Happy thanksgiving to you as.
Speaker 1 (27:10):
Well Thanks, kim.
Speaker 2 (27:11):
You bet all. Right coming up, next it's the season
of giving and we'll hear about a holiday drive that
could change the lives of so many youth right here
in our. State this is The New England Business.
Speaker 1 (27:20):
Report ken And joe will explore more business news that
impacts Our New england economy when they.
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Com are you a brother or sister of one Of
Greater boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your. Tailoff, congratulations you worked hard to build
your retirement nest. Egg but now What let me help
you break through the nonsense and financial speak so we
(28:48):
can get to the questions that are important to. You
as you, know nothing gets built without a set of,
plans and neither will you a financial. Future my name
Is Mike, Marshall president AND ceo Of Marshal Wealth management
and creator of A Marshall, plan a, comprehensive customized plan
that will help you answer important questions in all seven key.
Areas you don't have to do it. Alone there is
(29:08):
no cost or. Obligation call us at eight five seven
three four two ten. Thirty that's eight five seven three
four two ten. Thirty well check us out online At
marshallwealth dot. Com marshall with two L's marshalwealth Dot.
Speaker 8 (29:22):
Com advisory services offered To Capital analysts Or Lincoln investment
registered investment. Advisors securities offered Through Linoln investment broker dealer, Member, FINRA,
Sipc Lincoln investment Dot, Com Marshal Wealth management and the
above firms are independent and not.
Speaker 2 (29:31):
Affiliated welcome back everybody to The New England Business. Report
Kim kragan, Here joe shortleave with a couple of days.
Away just a quick reminder that we'll be talking to
a representative from The Boston globe this half. HOUR i
was just going to tell us about something that they're
doing there to identify the fastest growing businesses In New.
(29:54):
England it's it's really a cool, thing so you'll want
to be sure to stick around in the mean. TIME
i am so happy to welcome to the show the
executive director Of Plummer Youth. Promise it's based In, Salem,
massachusetts a nonprofit. There nicole McLoughlin has joined us before
And i'm so happy to have her. Back and you
survived haunted. Happenings i'm so happy for.
Speaker 6 (30:16):
You so we.
Speaker 10 (30:18):
Did we did quite a time.
Speaker 2 (30:20):
Here, YES i have to tell, You, nicole you know
this about. ME i live on The North shore and
for six weeks STRAIGHT i do not go Through salem
because you just can't get. Through so it's good to
have that in our rearview mirror for. Now but we
are talking with you today about something really cool that's,
happening of course in this giving, season and that's your gift.
(30:43):
Drive but before we, do for those maybe who don't
remember exactly what you do there At Plummer, youth, promise
share with us again the organization and what its goals.
Speaker 10 (30:53):
Are, sure first of, all thanks again for having. Me and,
Yes october's crazy that stuff So plumber you. Promised we
serve young people experiencing foster, care and you, know our really.
Are our reason for being every day is to get
(31:16):
kids out of the foster care system as quickly as
we can to a, safe stable parenting. Relationship and sometimes
that means going to birth, family reuniting with birth, Family
sometimes it means living with, relatives and sometimes it means
a new. Family but at the end of the, day
we want to make sure kids don't grow up in the,
(31:36):
system right and bouncing from place to. Place, sure so
that's really that's our.
Speaker 2 (31:41):
Mission and these kids can range in, age that's.
Speaker 10 (31:46):
Right that's. Right so we serve young people from birth
all the way up to age twenty, two and we
serve them in a variety of. Settings so In salem
we have our group care, program which is probably the
one that people are most familiar, with but we all
so have young people who live with foster, families and
we have young people out living in their own apartments
and studio and one bedroom.
Speaker 2 (32:06):
Apartments you, KNOW i said this in the, Beginning, nicole
but this is the season of, giving if you, Will
AND i think this has to be these holidays a
very difficult time for some of these.
Speaker 11 (32:20):
KIDS i think that's.
Speaker 10 (32:22):
Right you, know children in youth and foster, care no
matter how hard we all, try they may have moved
between different, Settings they may have changed schools quite a few.
Times even the older kids who are out in, apartments
they know they don't have the same kind of resources
and connections that their peers, do and they may not
even have adults who know a lot about. Them so
(32:44):
they come into this holiday season feeling very differently than
all of the other kids around.
Speaker 2 (32:49):
Them, yeah you, know the holiday season and most, specifically you,
Know christmas time for me is all about the. Kids
it really, is and is amazing what a difference just you,
know an acknowledgement during that holiday season can mean for
a young. Person you guys have a holiday gift. Drive
(33:11):
talk a little bit about that and how long it's
been going on and how you go about.
Speaker 6 (33:15):
It, sure so you know you're.
Speaker 10 (33:19):
Right can't we can't change the fact that kids are
in foster, care but we can try to mitigate that
feeling of. Otherness and the holidays is the time or
is a particular time that you can do. That so
the holidays we actually allow all of our young. People
so at any given, time we're serving probably eighty young
people a, night and we allow them to ask for
(33:43):
anything they want up to seven, items and they know
they may not get everything, right but most kids and
families they make their list, right and they make they
take it twice and and they ask for whatever they
want and they may get things and they may, not
but so we don't limit. It we ask we want
to make sure we know things like their favorite colors
(34:07):
or you, know their favorite, foods or for young people
living in, apartments you, know are they learning how to
cook and they would really like a juicer something like,
that because every young person is. Unique so every young
person creates their own, list and then we ask people to,
sponsor and people can sponsor a whole, list or they
(34:30):
can shop for just one, item, right because we want
everyone to be able to participate and not everyone can
do a whole. List or somebody might, say you, KNOW
i don't want to do a whole, list but this
kid's asking for a, laptop and that's expensive and it
makes sense for the kid's age for them to ask
for a, Laptop So i'm going to buy.
Speaker 2 (34:50):
That, yeah, sure, Absolutely AND i love that you make
it pretty easy for people to get. Involved we. Do
we explain.
Speaker 10 (35:01):
That just go right to our. Website up on the you,
know the navigation bar at the, top there's a piece
that says get, involved and when you click on, that
you'll see right away how you can get into the
holiday gift. Drive and, again you can pick a whole,
list or you can pick an item from An amazon
gift list or A walmart gift, list so you can
(35:25):
really go on and do what feels good for, you
knowing that this is actually the specific request of a unique.
Speaker 2 (35:33):
Child, Sure, nicole talk to me a little bit about you,
know we're a business show and we talk a lot
about the. Economy, obviously does the economy have an impact
on the number of children you, see Because i'm you,
know pressure at home can sometimes lead to other issues
(35:54):
if there's economic, problems, Right.
Speaker 10 (35:56):
Yes, yeah that's an excellent, Question. Kim you, know and
there's research that's come out a lot in the last
few years out of an organization CALLED chafe In Holland
chicago that actually can tie the sort of the generosity
of different public benefits or the lack of generosity or
(36:17):
lack of, flexibility to the number of child mail treatment.
Cases and you, know it shows pretty clearly that when
families are under economic stress child mail treatment, cases reports
of child mail treatment. Rise and that makes, sense that
makes total. Sense so people often think, of you, know
(36:39):
each of these systems is disconnected from one, another but
in fact they're all. Connected they're all. Connected so, recently
when it was unclear WHETHER snap would be, AVAILABLE snap
resources would be, available of course families feel, that and you,
know our young people out in apartments feel that they're.
Scared they rely ON snap. Benefits so it is all.
Speaker 2 (37:01):
Connected, well all the more reason for people to consider
trying to help some of these children and make this
a bright holiday season for. Them so, Again, Nicole i'm
going to ask you one more time to let our listeners.
Know how can they go about getting involved in this
wonderful program for these young.
Speaker 10 (37:19):
PEOPLE i think two ways to make it. Easy one
is to go to our website at. Www Plumber youthpromise
dot org And plumber is SPELLS p L U.
Speaker 7 (37:30):
M m E.
Speaker 10 (37:30):
R and you'll see at the top get involved. Button
if you click on, that you'll See Holiday Gift drive
and you'll see a number of. Options the other thing
you can do is just send an email directly to
the person coordinating that. Program her name Is Jessica norton
and her email address is J norton At Plumber Youth
(37:51):
promise dot.
Speaker 2 (37:52):
Org, Right Jessica, Norton jnorton At Plumber Youth promise dot. Org,
listen a wonderful, graham great great ideas on that website
for some of these. Kids so be sure that you
check it. Out And nicole continued. Success we hope that
twenty twenty six brings a lot of happiness for lots
of these.
Speaker 10 (38:11):
Kids thank you have a great holiday.
Speaker 2 (38:13):
Season thanks you. Too. Again that Is Plumber youthpromise dot
org And nicole explained, it but It's PLUMBER p L
U M M Er youth promise you may want to
get involved with a wonderful organization like, that so be
sure that you check it.
Speaker 6 (38:30):
Out.
Speaker 2 (38:30):
Well The Boston globe is recognizing the fastest growing businesses
In New. England this is the second year that they
are doing this and it's so exciting because it's so
interesting to know the types of businesses that are really
driving the economy here In New. England so joining us
Is Michelle. Macone she Is Chief marketing And Strategic Initiative
(38:50):
officer At The Boston. Globe, michelle great to have you
with us. Again thank, You. Kim so you guys actually
are compiling this list right? Now is that dire we?
Speaker 6 (39:01):
Are we we do this ahead of time to release
in the. Spring we really feel Like New england is
the center of all this innovation and, entrepreneurship and as
a leading media organization covering the, region we wanted to
put out a list that reflected not, us but rather
what's happening with all you, know different different growth companies
(39:21):
in the. Region that's.
Speaker 2 (39:22):
Real, sure, Absolutely so this is the second year you
guys have done. THIS i know that you know it's
too early to talk about the list that'll come out
in twenty, six but let's talk about twenty five and
kind of give people a sense of what you learned
through that.
Speaker 6 (39:36):
List what we learned is we need to get the
word out broadly like we're doing now because we're a
new list and we need a lot of people to
know about. It and so anybody that might know someone
who owns a, business you, know please just spread the
word because this is a great opportunity for their company
to get recognized and for them to get you, know more,
airtime if you. Will so what we found is that
(39:57):
we had a wide range of, sectors so, agricol, technology,
construction financial, services, healthcare you name. It and that's what we.
Want we want to show the diversity that's going on
in this diversity of business growth in this. Region so
not not specific to. Industry please everyone small and large
and mid size please apply because it's really about growth,
(40:18):
rates not about if you're a big company. Only so
we just want to have everybody who you, know who's
is within the criteria, range WHICH i can talk about a,
second you, know be part of that application.
Speaker 11 (40:30):
Process and it's free to.
Speaker 2 (40:30):
Apply, Sure so let's talk about the.
Speaker 6 (40:33):
Criteria, Okay so companies who have generated at least one
hundred thousand dollars in revenue in twenty twenty one and
then growing to at least one point five million in
twenty twenty. Four so if that's you or a friend
who know your company or more right that you're eligible to.
Apply and this really needs to be an independent, company
(40:55):
not a subsidiary or. Branch and we're looking for people
headquartered In New england because we are showcasing stories About
New england and that means the Sixth New england.
Speaker 2 (41:04):
States absolutely that might be a little bit tougher thanks
to the economy in the last year and a. Half, right, yes.
Speaker 6 (41:12):
It probably, is but we also know that there's these
because of all the change going on in the. World
we know there are businesses who have just been quietly
growing and could use some you, know some storytelling about,
that and we want to highlight. Them.
Speaker 2 (41:28):
Absolutely so once a company, applies give me an idea
of how you vet, them because this must mean that
you have to take a peek at their.
Speaker 6 (41:36):
Books we have the application for the financials are submitted
to a company Called. Statisa statisa has been vetting financials
for many, years so they know how to do. It
securely and it's really just it's not a judgment, call
if you. Will it's really just about the growth. Rate
so they handle all those financials for us as they're
(41:56):
experts in. It and it's not a difficult application, process
it's not. Onerous it's really just about the top line.
Numbers and then we simply rank all the applicants and
then we will put out the list in spring of
twenty twenty six and the top at least the top
business on the, list maybe a little, more we'll tell
(42:17):
some larger stories about.
Speaker 2 (42:19):
Sure about their. Business but they've. Done, yeah, absolutely and
you do rank, them you said.
Speaker 6 (42:25):
We do rank.
Speaker 11 (42:25):
Them.
Speaker 6 (42:26):
Yes the entire kind of criteria.
Speaker 11 (42:29):
For the list is growth.
Speaker 6 (42:31):
Rate who has had the top growth? Rate and then
it'll be a ranked. List so, yes it's very data,
driven if you.
Speaker 2 (42:38):
Will michelle mccoone is my guest this morning from The Boston.
Globe she's Chief marketing And Strategic Initiative. Officer you've got
a fabulous background in, business and of course that's what
we talk about here on this. SHOW i hit on
this just briefly as we talked about people getting into.
This i'm not going to call it a, contest but
(42:59):
people getting into to this, list trying to get onto this.
List but talk a little, Bit, michelle if you will
bring your expertise to the table here and talk a
little bit about the business climate and what you've thought
about it over the last, year year and a. Half you,
know here on this, show we've talked to a lot
of experts who have said these have been some of
(43:19):
the most difficult times they can remember in a long.
Speaker 6 (43:21):
TIME i think the thing THAT i hear about at
every convention or WEBINAR i attend is the pace of
change is so fast. Now and you, know the word
that everybody's talking about related to, that of, course IS.
Ai but it really has sped up a lot of.
Change and SO i think every business, is regardless of your,
(43:41):
sector is dealing with massive amount of. Change whether it's
us trying to serve subscribers'. Needs you, know we have
a very successful subscription. Business what we have to make
sure we understand how people are consuming. Media that's all
changing and across. SECTORS ai and other technologies are, disrupting
but they're also opportune. Unity so WHAT i hear continually
(44:02):
is just trying to keep up with the pace of
change is the biggest challenge that we've ever. Had it's
just faster than ever.
Speaker 2 (44:08):
Before you, Know, michelle one of the words that we
hear is. Uncertainty are you getting a sense that uncertainty
has been driving our?
Speaker 6 (44:16):
Economy you, Know i'm not a business analyst in that.
WAY i think What i've heard people say THAT i
thought was very smart is focus on the things that
you know and continue trying to make them. Better because
as much as there's, uncertainty there's also certainty about what
your customers, want about what your product. Is and certainly
(44:36):
that's what we focus on At BOSTON Gop. Media how
do we make the best journalism and the best digital,
product have the best subscription. Experience and there's a comfort
in that during all of this.
Speaker 2 (44:46):
Change, michelle let's go back to fastest growing companies in this?
List can you tell us who was the number one
fastest growing company last? Year so people can kind of
get a sense of the kinds of companies we're talking.
Speaker 6 (44:59):
About the and the interesting thing about the list is
that you're not gonna know necessarily know the top companies
that were off the. List and so the PART i
like best is that a lot of these companies that
ARE b TO b can now have a chance to
put their name out there and be. Known and maybe
(45:21):
they're not a household, name but that's, okay but it
could be a part of you, know reaching out to
partners or getting new. Customers that is kind of the power.
Here so old Sod, travel which is a hospitality and travel.
Company they are the least based out Of, Hangham, massachusetts
and so we had a chance to highlight them as
(45:43):
our number one company on the. List you, know in
this world of so much technology disrupting, travel they've really
focused on their specific specialty and you, know it was
a it was a chance to highlight a company that's
doing really amazing work for clients and so hopefully now
more people know their. Names that's kind of the.
Speaker 2 (46:03):
Beauty, YEAH i love, THAT i really. Do let's tell
everybody how they if they are business, owners can get
involved and how they can.
Speaker 6 (46:12):
Enter so if you go To globe Dot Com forward
Slash fastest THAT'S, fasdesd we will have a list from
last year and we'll post a link at the top
that'll give you a hyperlink to the. Application, again it's
not an ownerous. Application we would love companies big and
small to, apply and we just really look forward to
(46:33):
seeing who who's in our criteria pool this. Year we'd
love to highlight your.
Speaker 2 (46:37):
Business and when's the?
Speaker 6 (46:38):
Deadline the deadline Is december.
Speaker 2 (46:40):
Fifteenth, okay all, Right Terrifact michelle, great great information and
a lot of. Fun best of, luck and we'll look
forward to having you back on once that list is.
Published all, Right, still come in your. Way i'll introduce
you to a young entrepreneur who is working hard and
having a blast at the same. Time Junk teens co
founder coming up.
Speaker 1 (46:59):
Next you are listening to The New England Business report
on The voice Of boston W rko six. Eighty joe
And kim will be right back.
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plans and neither will your financial. Future my name Is Mike,
Marshall president AND ceo Of Marshal Wealth management and creator
of The Marshall, plan a, comprehensive customized plan that'll help
you answer important questions in all seven key areas you
don't have to do it. Alone there is no cost or.
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marshall with two, Els marshallwealth Dot.
Speaker 8 (49:04):
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Registered Investment. Advisors securities offered Through Lincoln Investment Broker dealer
Member FINRA, Sipc Lincoln investment Dot, Com Marshall Wealth management
and the above firms are independent and not.
Speaker 1 (49:13):
Affiliated The New England Business report on W rko is
brought to you in part By subaru Of New England
subaru Of New england dot.
Speaker 2 (49:23):
Com welcome back everybody to The New England Business. Report
great to have you along this. Morning our next guest
and his brother started a junk removal business back in
twenty twenty, one and that has now grown to a
million dollar a multimillion dollar. Business and while that would
be a fabulous story in and of, itself you add
(49:45):
to that that they now employ numerous teens and have
plans to continue to, grow it really is a wonderful.
Story joining us is the co founder Of Junk. Teens
this Is kirk. McKinney it's good to have, You.
Speaker 11 (49:58):
Kirk, yeah, Definitely i'm.
Speaker 5 (49:59):
Excited, okay.
Speaker 2 (50:00):
CONGRATULATIONS i, mean first, off anybody doing any kind of
business and setting it up and doing it in such
a short amount of time and having so much success is.
Crazy but what you guys decided to do is just
a wonderful. Story so start back in twenty twenty one
and tell me how this all went.
Speaker 11 (50:19):
Down, yeah. Definitely, SO i, mean this never started with
us knowing that we wanted to even have our own.
Business it actually started WHEN i was on a bike
ride exploring AND i discovered the. Dump and basically at the,
dump someone was throwing away this pair of speakers that
were still really. Good they were, like they, worked they
(50:40):
were nice. Speakers SO i took them home and plugged
them in and they, worked AND i couldn't believe someone
threw those. Away so, basically after that, DAY i just
kept going back to the dump on my bicycle and
just collecting all this audio equipment to build a big
speaker system in my. Room but eventually my room basically
became like a mini hoarder's house because it was full of,
(51:02):
junk and my mom wasn't happy about, that so she was,
like all, Right, kirk you gotta like do something with this,
stuff like you can't keep it. Here and then that's
kind of WHEN i accidentally became an entrepreneur BECAUSE i
like sold. IT i had to sell the stuff On facebook,
marketplace AND i didn't want to throw it, away you,
(51:23):
know LIKE i didn't want to just take all that
stuff and bring it back to the, dump SO i sold.
It and then that was the first TIME i made
money kind of working for myself doing SOMETHING i. Loved
and then that's, where, like you, know my curiosity kind
of started to go further into the dump and junk
and the whole recycling. World and at that TIME i
(51:44):
ended up quitting my job at the grocery store to
kind of sell junk full. Time and then from there,
AFTER i after about a year of kind of like you,
know searching through the junk yard and collecting it stuff
and selling, IT i realized that like there's a bigger
opportunity to remove junk BECAUSE i, could you, know remove
(52:05):
the stuff from people's, houses but not only sell, it
get paid to remove it and then sell. It and
then at that, POINT i kind of needed some more,
hands SO i teamed up with my. Brother we bought
a pickup truck together for four thousand, dollars and then
me and him started pretty much removing junk together at that.
Speaker 2 (52:26):
Point, yeah it's. Fantastic AND i read that as you
were doing this and you were still in high, school
some of your friends started, saying you, know you spend
all your time working and so you have no social.
Time so then you made the, decision, well how about
if we turn work into social time as?
Speaker 11 (52:42):
Well oh, yeah, Definitely and then that became a part
of our company culture because basically we, realized like especially
in this in this kind of, work anything to do
with like kind of a blue, collar like hands on,
job it's it's hard to find people to like work
(53:02):
and kind of do this kind of. Work so what
we realized was we wanted to create a fun culture
where like a place where we would want to show,
up so everyone else kind of has that same energy
where it's not just. Work it feels like you're coming
in and doing this job and getting basically like paid
to hang out with your friends pretty, much and that's
(53:23):
kind of what our culture is.
Speaker 2 (53:24):
Like that's so. GREAT i bet you now you have
people knocking on your door trying to work for, you, right.
Speaker 11 (53:29):
Oh, Yeah, like there's definitely a lot of people that
want to work at junk. Teams but part of what
we do to make it like a good work environment
is kind of keeping a really positive. Energy so we
only we're very particular with who we have on the.
Team we were always trying people out and trying to
(53:52):
get new people in too as we.
Speaker 4 (53:54):
Grow it's so.
Speaker 2 (53:56):
Great by the, WAY i know you said you spent
four thousand bucks you and your brother bought a, truck
but now you guys have like five big dumb, trucks right.
Speaker 11 (54:05):
Yeah, Yeah so we throughout the years have reinvested a
lot into the business because we're both in school where
we both started in high, school and we're both in
college now and we don't have like crazy bills to,
pay like we're we're both pretty, independent but at the same,
time like we have a little bit of extra money
(54:29):
to just reinvest into the business before life kicks. In so,
yeah we've pretty much every year reinvested into at least
one new dump, truck and last year we actually bought.
Speaker 2 (54:40):
Two oh, wow that was a good. Year there was
a lot of junk to be hauled last. Year that's good.
Speaker 11 (54:46):
Stuff so, Uh kirk this year like twenty five.
Speaker 2 (54:50):
Five, oh that's that's. Terrific that's so. Great, yeah you
guys are both At, babson, Right, yes that's. Terrific let's
talk about the social media as this because in addition
to the fact that you have you have this great,
business you have a huge social media. Presence has that
also you, know benefited? You is that a source of
income for you as?
Speaker 11 (55:11):
WELL i would say with the indirect value that comes from. It,
Yes like basically like from the income that is generated
from our social, media that's just kind of a cherry
on top in a. Way it's a little bit of
money THAT i used to pay my media. TEAM i
kind of work with like different. EDITORS i have a
(55:33):
manager of the team That i've built myself in, house
like we don't outsource to. Anyone it's kind of driven
from my passion for kind of creating, videos storytelling and
anything like media related. MARKETING i really like all of.
That so, yeah in the last like three, Years i've
kind of built up the company's social, media working with
(55:55):
different people and building the team in house and that
has generated a little bit of income for. Us it's
not not even close to what the actual business. DOES
i would kind of frame it like the social media
is like steroids for the. Business what is the foundation of?
Everything but the social media just makes the business kind
(56:18):
of grow quicker than it would without.
Speaker 6 (56:22):
It you.
Speaker 2 (56:23):
Bet and what's the future right?
Speaker 11 (56:25):
Now, like we're still in, college But i'm hopefully going
to graduate In may IF i passed all my. Classes
not running the business while in, school but, yeah hopefully In,
May i'll be, graduated and then LIKE i want to
gear up to actually eventually maybe go. Nationwide we're going
(56:45):
to keep expanding as we are, here but EVENTUALLY i
think it would be smart to kind of take the
business further and offer opportunities to other young people across the.
Nation and we're not exactly sure how we're like our
exact business plan yet to do, that but it is
something that we're thinking about for the. Future and that's
(57:07):
the type of THING i would want to do AFTER i,
graduate WHEN i KNOW i have the full time to
dedicate towards.
Speaker 6 (57:13):
That.
Speaker 2 (57:14):
Well kirk continued. Success thanks so much for being a
part of The New England Business report this. Morning well
that's going to do it for this edition of The
New England Business. Report of, course a holiday week ahead of,
us So joe AND i want to thank you first
off for all of your support for this, show and
we hope that you have a great holiday with your
families or whoever you plan to spend it. In we
(57:35):
plan to do, that spend it with our, families so
we hope that you'll be sure to Listen Next, sunday
we'll still be, here but we hope that you'll enjoy
some of our favorite interviews for the past couple of.
Months you can hear them right here On The New
England Business report at eight am on The voice Of
boston W rkoam six. Eighty Happy thanksgiving, everyone