Tag Archives: Jacksonville Business

Dark Matter Technologies adds mortgage technology veteran Tony Fox as chief of client engagement

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

Following Black Knight's September 2023 acquisition, Fox assumed a role leading enterprise client management at ICE Mortgage Technology. During his five years with Black Knight pre-acquisition, Fox led the account management team for the origination technology performance group. Prior to his tenure at Black Knight, Fox spent four years as the director of technology and business intelligence at 1st Priority Mortgage. He also brings experience through his former role as a technology consultant, as well as diverse sales and operations experience from his seven years with M&T Bank.

As Dark Matter's chief of client engagement, Fox is responsible for directing the company's account management and client success teams and will report to Sean Dugan, chief revenue officer at Dark Matter.

"We are immensely delighted to welcome Tony to our team, stepping into a role where his expertise and exceptional performance are already well-established," said Rich Gagliano, CEO at Dark Matter. "It's hard to think of a more important role than making sure the clients have a voice, that we're listening to what they need, and deliver products and services in line with those needs."

"Adding Tony to an already deep bench underscores our commitment that client communication is a two-way street. From our user forums to one-on-one meetings, we have a variety of channels for clients to reach out to us, and Tony will be the one shepherding those interactions and making sure our clients' voices are heard and acted upon," added Dugan.

Fox earned his bachelor's degree in math and economics from the University at Buffalo and his Master of Business Administration from Canisius College. He is currently pursuing Certified Mortgage Banker and Accredited Mortgage Professional designations through the Mortgage Bankers Association and is on track to complete both in 2024.

"I am thrilled to join Dark Matter and continue to work with a tremendous team and clients that I've known for years," said Fox. "At Dark Matter, we're on a mission to improve the mortgage process and optimize the workflow for lenders and their customers. I'm proud and grateful to be part of this vision for the mortgage market, and I couldn't have found a better fit to continue my commitment to this industry."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

Related link: https://www.dmatter.com

New workflow in the Empower LOS makes it easier for mortgage lenders to consider rent payments when qualifying first-time homebuyers

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Developed in partnership with Informative Research utilizing the positive rent payment history enhancement in Fannie Mae's Desktop Underwriter® (DU®), the workflow in the Empower LOS is configured to allow lenders to improve pull-through for borrowers who have a history of consecutive rent payments.

Fannie Mae's positive rent payment history enhancement was introduced with the goal of promoting equitable and sustainable homeownership among renters with limited credit histories. By leveraging 12-month asset verification reports furnished by authorized providers such as Informative Research's AccountChek®, and by using an integrated LOS such as Empower, lenders can harness Fannie Mae's DU automated underwriting system can take into account positive rent payment data when assessing the creditworthiness of certain first-time homebuyers. According to Fannie Mae, as of Q4 2023, 5,600 mortgage applications have benefitted from the borrower's positive rent payment history by being deemed approve-eligible. Forty-one percent of the applicants who benefitted identified as Black or Latino/Hispanic.

"Using positive rent payment history in credit evaluations is one of several ways Fannie Mae is improving access to affordable homeownership that supports our commitment to our mission and strong credit underwriting standards," said Peter Skarnulis, Fannie Mae Vice President of Single-Family Digital Management Solutions. "This new workflow makes it more practical for lenders to take advantage of this feature, which can help more first-time homebuyers qualify for a home loan."

The Empower LOS makes it easy for lenders to consider a borrower's positive rent payment history early in the loan process using business friendly configurations rather than code. Here's how it works behind the scenes:

* When a loan application is submitted to DU through Borrower Digital (or another front-end application integrated with the Empower LOS) and does not initially receive an approve-eligible recommendation, DU will determine whether rent payment data could provide a more favorable recommendation.

* If the DU findings recommend evaluating the applicant's rent payment history, the automated engine within the Empower system will suggest obtaining a 12-month asset verification report through AccountChek. The Empower LOS will play the role of the conductor, ensuring the consumer-permissioned asset data gathered from AccountChek is routed for resubmission to DU at exactly the right point in the process as identified by the originator.

* By automating an additional opportunity for borrowers to receive loan approval and move forward, Dark Matter and Informative Research are contributing to Fannie Mae's ongoing efforts to help more renters realize their dream of homeownership.

"This is a prime use case of how business process automation can create value not only for lenders but for borrowers as well," said Rich Gagliano, CEO of Dark Matter Technologies. "Our task-based orchestration engine allows lenders to improve pull-through for borrowers with nontraditional credit references without burdening loan officers or processors."

"Enhancements to lender workflow that make innovative and equitable solutions practicable are a huge step toward making meaningful change," said Informative Research SVP of Marketing and Product Craig Leabig. "Our goal is to blend technology with business process and verification products to improve outcomes."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com.

About Informative Research:

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves over 3,000 mortgage companies, banks and lenders throughout the United States. The company is recognized for streamlining the loan process with their straightforward service model, progressive solutions and cutting-edge technology. To learn more visit https://www.informativeresearch.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Related link: https://www.dmatter.com

61 New Food and Beverage Industry Planned Projects for November 2023 Holds Firm with October

61 New Food and Beverage Industry Planned Projects for November 2023 Holds Firm with October /ScoopCloud/ -- Industrial SalesLeads announced today the November 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 61 new projects in the Food and Beverage sector for both November and October.

The following are selected highlights on new Food and Beverage industry construction news.

Food and Beverage Project Type

* Processing Facilities - 33 New Projects

* Distribution and Industrial Warehouse - 34 New Projects

Food and Beverage Project Scope/Activity

* New Construction - 27 New Projects

* Expansion - 25 New Projects

* Renovations/Equipment Upgrades - 17 New Projects

* Plant Closing - 1 New Project

Food and Beverage Project Location (Top 10 States)

* California - 8

* New York - 5

* Texas - 4

* Illinois - 3

* Tennessee - 3

* Kentucky - 2

* Michigan - 2

* Minnesota - 2

* North Carolina - 2

* South Carolina - 2

Largest Planned Project

During the month of November, our research team identified 1 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Nissin Foods USA, who is planning to invest $228 million for the renovation and equipment upgrades on a recently acquired 641,000 sf processing and warehouse facility at 1170 Bracken Rd. in PIEDMONT, SC. Completion is slated for late 2025.

Top 10 Tracked Food and Beverage Projects

TEXAS:

Grocery chain is planning to invest $60 million for the expansion and equipment upgrades on their processing and warehouse facility at 4710 N. Interstate 35 in SAN ANTONIO, TX. Construction is expected to start in early 2024, with completion slated for Summer 2025.

WISCONSIN:

Dairy company is planning for the construction of a 311,000 sf of distribution, cold storage, and office facility on County Line Rd. in FRANKLIN, WI. They are currently seeking approval for the project.

CALIFORNIA:

Specialty nut oil producer is planning for the expansion of their processing, warehouse, storage, and office facility in DENAIR, CA by 62,000 sf. They are currently seeking approval for the project. Construction is expected to start in Summer 2025.

GEORGIA:

Vending equipment mfr. is planning to invest $20 million for the renovation and equipment upgrades on a manufacturing, training, warehouse, and office facility in SAVANNAH, GA. They are currently seeking approval for the project. They will relocate their operations upon completion.

NEVADA:

Food packaging service provider is planning to invest $13 million for the renovation and equipment upgrades on a processing facility in NORTH LAS VEGAS, NV. They are currently seeking approval for the project.

MINNESOTA:

Food processing company is planning to invest $7 million for the renovation and equipment upgrades on a 360,000 sf processing, warehouse, and office facility in CANNON FALLS, MN. They have recently received approval for the project. They will consolidate their operations upon completion.

TEXAS:

Specialty food products mfr. is planning to invest $4 million for the renovation and equipment upgrades on 122,000 sf of warehouse and office space at 31895 US Hwy. 90 in BROOKSHIRE, TX. They will relocate their operations upon completion in early Fall 2024.

PENNSYLVANIA:

Fresh produce company is planning for the expansion of their warehouse and office facility in ALLENTOWN, PA by 49,000 sf. They have recently received approval for the project.

MASSACHUSETTS:

Animal feed mfr. is planning for the construction of a 21,000 sf processing facility at 233 Old Webster Rd. in OXFORD, MA. They are currently seeking approval for the project.

CALIFORNIA:

Winery is planning for the construction of an 18,000 sf production facility in ST. HELENA, CA. They are currently seeking approval for the project.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at https://salesleadsinc.com.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

More information: https://www.salesleadsinc.com/industry/food-and-beverage/

Industrial SalesLeads announced today the November 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 61 new projects in the Food and Beverage sector for both November and October.

Related link: https://www.salesleadsinc.com/

136 New Industrial Manufacturing Planned Industrial Projects to Finish Out December 2023

JACKSONVILLE BEACH, Fla. /ScoopCloud/ -- Industrial SalesLeads announced today the December 2023 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 136 new projects a drop from 161 in both October and November in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type:

Manufacturing/Production Facilities - 119 New Projects

Distribution and Industrial Warehouse - 80 New Projects

Industrial Manufacturing - By Project Scope/Activity:

New Construction - 42 New Projects

Expansion - 38 New Projects

Renovations/Equipment Upgrades - 63 New Projects

Plant Closings - 11 New Projects

Industrial Manufacturing - By Project Location (Top 10 States):

Michigan - 13

Indiana - 9
California - 8
New York - 8
North Carolina - 6
Ohio - 6
South Carolina - 6
Texas - 6
Ontario - 5
Tennessee - 5

Largest Planned Project:

During the month of December, our research team identified 12 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Powerco Canada Inc., who is planning to invest $5 billion for the construction of a manufacturing facility in ST. THOMAS, ON. They have recently received approval for the project. Completion is slated for 2027.

Top 10 Tracked Industrial Manufacturing Projects:

ARIZONA:

Semiconductor mfr. is planning to invest $2 billion for the construction of a 500,000 sf manufacturing facility in PEORIA, AZ. They are currently seeking approval for the project.

TEXAS:

Solar panel mfr. is planning to invest $1 billion for the construction of a manufacturing facility in BROOKSHIRE, TX. They are currently seeking approval for the project. Completion is slated for late 2024.

SOUTH CAROLINA:

EV battery mfr. is planning to invest an additional $810 million for the expansion of their currently under-construction manufacturing facility in FLORENCE, SC. Completion is slated for 2026.

ONTARIO:

Tire mfr. is planning to invest $550 million for the expansion of their manufacturing facility at 388 Goodyear Rd. in NAPANEE, ON by 420,000 sf. They are currently seeking approval for the project.

SOUTH CAROLINA:

Magnetic product mfr. is planning to invest $500 million for the construction of a manufacturing facility in SUMTER, SC. They have recently received approval for the project. Completion is slated for Fall 2025.

CALIFORNIA:

Mobility technology innovation center is planning to invest $300 million for the construction of a 200,000 sf laboratory and manufacturing facility on Ramona Ave. in SACRAMENTO, CA. They are currently seeking approval for the project. They will relocate their operations upon completion.

ARIZONA:

Semiconductor equipment mfr. is planning to invest $300 million for the construction of a 250,000 sf manufacturing, warehouse, laboratory, and office facility in SCOTTSDALE, AZ. They will relocate their operations upon completion in 2026.

OHIO:

Biotechnology company is planning to invest $229 million for the expansion, renovations, and equipment upgrades on their processing facility in HAMILTON, OH. They are currently seeking approval for the project.

ONTARIO:

Medical supplies mfr. is planning to invest $165 million for the construction of a 140,000 sf manufacturing facility on Bonder Road in LONDON, ON. They are currently seeking approval for the project. Completion is slated for 2026.

OREGON:

Paper product mfr. is planning to invest $150 million for the renovation and equipment upgrades on their manufacturing facility in HALSEY, OR. Completion is slated for 2025.

About Industrial SalesLeads, Inc.:

Since 1959, Industrial SalesLeads, based in Jacksonville, Florida is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

Industrial SalesLeads announced today the December 2023 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 136 new projects a drop from 161 in both October and November in the Industrial Manufacturing sector.

Related link: https://www.salesleadsinc.com/

Enhanced integration between the Empower LOS and DocMagic adds support for home equity, wholesale channels

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

DocMagic, a leader in fully compliant loan document generation and comprehensive eMortgage services, debuted its native integration with the Empower system last year, making it seamless for retail mortgage lenders who use the Empower system to order initial and closing disclosures from DocMagic without having to build a custom connection. As a result of the latest enhancements to the integration, DocMagic services are now also available for wholesale and home equity originations in the Empower system.

"It's really significant when two best-in-class vendors like Dark Matter and DocMagic integrate their products so customers no longer have to build out custom integrations - now it's a true union," said Rich Gagliano, Dark Matter Technologies' chief executive officer. "We're taking that value and convenience even further by bringing it to multiple origination channels."

"We are thrilled to strengthen our collaboration with Dark Matter, offering top-tier documentation, compliance and eServices while also providing customers of the Empower system exceptional support backed by our award-winning customer service," said DocMagic President and CEO Dominic Iannitti. "We look forward to continuing to integrate our two services further, supplying our proprietary ClickSign®, eNotary and Total eClose™ capabilities."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature, and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

Related link: https://www.dmatter.com

Publix Employees Federal Credit Union inks contract with Dark Matter Technologies to modernize mortgage operations

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(R) Loan Origination Platform in the credit union sector.

Empower combines intelligent process automation with all-in-one functionality to expeditiously process loans with minimal lender intervention. Using a method referred to as "exception-based processing," Empower works behind the scenes to make originating mortgage loans easier, faster and more efficient for lenders and the borrowers they serve.

"Dark Matter aims to become the invisible backbone behind its clients' mission-critical operations by providing credit unions with scalable, next-generation mortgage automation that enhances their members' experience," said Bob Brandt, managing director of sales at Dark Matter.

Headquartered in Lakeland, Florida, Publix Employees Federal Credit Union (PEFCU) is a member-owned co-operative that was founded in 1957 to meet the needs of Publix Super Markets associates and their family members.

"We're here to offer our members exceptional, convenient and innovative financial options throughout all phases of their life," said Jeremiah Kossen, PEFCU's President and CEO. "Our contract with Dark Matter will help us remain committed to giving them an efficient and seamless home buying experience."

Dark Matter is a member of the American Credit Union Mortgage Association (ACUMA), an organization dedicated to helping credit unions optimize their real estate financing services. Brandt and the entire Dark Matter team have been working closely with credit unions across the country to demonstrate how Empower and other Dark Matter technologies can improve workflows and bolster the bottom line.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

About Publix Employees Federal Credit Union:

PEFCU has over $1 billion in assets and maintains a five-star rating by Bauer Financial with an "A+" in financial health. PEFCU operates six full-service branch offices located in Florida: Lakeland, Pembroke Pines, Royal Palm Beach, Altamonte Springs, Sarasota, and Jacksonville, and one full-service branch located in Lawrenceville, Georgia. For more information, visit https://www.pefcu.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(r) Loan Origination Platform in the credit union sector.

Related link: https://www.dmatter.com

CUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage and home equity products

JACKSONVILLE, Fla. /ScoopCloud/ -- CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model. Four of its owner credit unions will use Empower to originate mortgage loans.

"The shared services model is alive and well in the credit union space because it's a smart strategy for maximizing efficiency, cost savings and scalability - the very same benefits Dark Matter's Empower delivers for lenders of all kinds," said Dark Matter CEO Rich Gagliano. "We are proud to introduce expanded support for joint ventures that frees credit unions to offer customized member experiences while reaping all the benefits of the CUSO model. CUSO Home Lending is driving innovation as the first CUSO to implement this new feature set."

Headquartered in Hampden, Maine, CUSO Home Lending is a credit union service organization and licensed mortgage company owned by credit unions and the Maine Credit Union League. For 30 years, CUSO Home Lending has supported its owner credit unions and the communities they serve with cost-effective access to mortgage fulfillment services, loan servicing and origination technology.

"Technology has become a central focus of our business strategy because of the value it drives for our credit union owners and partners, and the superior mortgage experience it enables us to deliver to consumers," said CUSO Home Lending President and CEO Lori Michaud. "We evaluated a lot of potential origination technologies, and Dark Matter's Empower LOS stood out for its highly advanced automation, the knowledge of its staff and its ability to individualize our credit unions' sites with their own branding, products and pricing."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com/

About CUSO Home Lending:

CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. We have been originating and servicing mortgages since 1993. Our mission is to provide consumer-credit union members as well as non-members-with a full menu of competitively priced residential mortgage products and services with extraordinary courtesy and exceptional service. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher income borrowers. For more information, visit https://www.cusohl.com/

CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model.

Related link: https://www.dmatter.com

73 New Food and Beverage Industry Planned Project Takes a Slight Dip in September 2023

JACKSONVILLE BEACH, Fla. /ScoopCloud/ -- SalesLeads announced today the September 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 73 new projects as compared to 77 in August in the Food and Beverage sector.

The following are selected highlights on new Food and Beverage industry construction news.

Food and Beverage Project Type

Processing Facilities - 50 New Projects

Distribution and Industrial Warehouse - 37 New Projects

Food and Beverage Project Scope/Activity

New Construction - 34 New Projects

Expansion - 13 New Projects

Renovations/Equipment Upgrades - 27 New Projects

Plant Closing - 6 New Projects

Food and Beverage Project Location (Top 10 States)

New York - 7

Indiana - 6

North Carolina - 5

Ontario - 5

Georgia - 4

Illinois - 4

Ohio - 4

Virginia - 4

Minnesota - 3

Texas - 3

Largest Planned Project

During the month of September, our research team identified 5 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Reyes Coca-Cola Bottling, who is planning to invest $500 million for the construction of a 620,000 sf processing and distribution campus at 10670 6th St. in RANCHO CUCAMONGA, CA. Construction is expected to start in 2024.

Top 10 Tracked Food and Beverage Projects

TEXAS:

Greenhouse farming company is investing $400 million for the construction of a 400,000 sf growing and processing facility in LORENA, TX. Construction will occur in phases, with completion of phase 1 slated for Fall 2024.

ILLINOIS:

Cultivated meat producer is planning to invest $140 million for the construction of a 187,000 sf processing and laboratory facility in GLENVIEW, IL. They are currently seeking approval for the project.

NORTH CAROLINA:

Specialty food product mfr. is planning to invest $50 million for the renovation and equipment upgrades on an 850,000 sf processing and distribution facility in WINSTON-SALEM, NC. They are currently seeking approval for the project. They will consolidate their operations upon completion in late 2024.

VIRGINIA:

Herbal tea mfr. is planning to invest $30 million for the construction of a 125,000 sf manufacturing facility in ROCKY MOUNT, VA. Construction is expected to start in late 2023.

MINNESOTA:

Beverage distributor is planning for the construction of a 460,000 sf distribution facility at 3535 Blue Cross Rd. in EAGAN, MN. They are currently seeking approval for the project.

INDIANA:

Specialty food products mfr. is planning for the expansion of their processing and warehouse facility in LEBANON, IN by 288,000 sf. They have recently received approval for the project. Completion is slated for Summer 2024.

PENNSYLVANIA:

Meat processing company is planning to invest $25 million for the construction of a 52,000 sf processing and warehouse facility at 1201 Hummel Ave. in LEMOYNE, PA. They are currently seeking approval for the project.

OHIO:

Specialty food ingredients mfr. is planning to invest $15 million for a 170,000 sf expansion of their warehouse facility at 4744 Wolf Creek Pike in DAYTON, OH. They are currently seeking approval for the project.

NORTH CAROLINA:

University is planning to invest $13 million for the construction of a food processing complex at 3020 McConnell Rd. in GREENSBORO, NC. They have recently received approval for the project.

ILLINOIS:

Fruit wholesaler is planning for the renovation and equipment upgrades on a recently leased 61,000 sf of warehouse and office space at 1032 W. 43rd St. in CHICAGO, IL. Construction is expected to start in Fall 2023.

About IMI SalesLeads, Inc.:

Since 1959, IMI SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

SalesLeads announced today the September 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 73 new projects as compared to 77 in August in the Food and Beverage sector.

Related link: https://www.salesleadsinc.com/

Dark Matter Technologies adds mortgage technology veteran Stephanie Durflinger as chief product officer

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Stephanie Durflinger as chief product officer. Durflinger, a 15-year mortgage technology veteran, comes to Dark Matter from ICE Mortgage Technology, where she most recently served as senior vice president of product development.

"Stephanie is an important part of the management team we're assembling to transform the mortgage lending landscape. She is a proven industry leader and strategic thinker whose industry experience is a perfect match for taking our products into the future," said Dark Matter CEO Rich Gagliano. "We are excited to have Stephanie contribute to our continued market penetration and help Empower reach its full potential in the marketplace."

As chief product officer, Durflinger will spearhead product development for the Empower software and digital products. "I'm energized by the opportunity to work with Rich and the rest of the executive team on the future they've envisioned for Dark Matter's origination technology and for the industry at large," said Durflinger. "I'm also looking forward to working closely with customers, which I think is key to understanding their struggles and giving them unprecedented performance and value."

Prior to her experience at ICE, Durflinger served as executive vice president and chief product officer at Sagent Lending Technologies and as vice president of product management at Ellie Mae, which developed Encompass.

Durflinger holds a product management certification from the University of California, Berkeley, and earned the designation of Accredited Mortgage Professional from the Mortgage Bankers Association (MBA). She was recently named to the board of directors of the Mortgage Industry Standards Maintenance Organization (MISMO), a wholly owned subsidiary of the MBA responsible for developing standards for exchanging information and conducting business in the U.S. mortgage finance industry.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

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Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Stephanie Durflinger as chief product officer. Durflinger, a 15-year mortgage technology veteran, comes to Dark Matter from ICE Mortgage Technology, where she most recently served as senior vice president of product development.

Related link: https://www.dmatter.com