2021 Honda Ridgeline Arriving Next Month Ready to Rumble with Rugged New Look

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling….

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,4901.

The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,490.

Ridgeline continues to bring unmatched versatility, including the segment’s largest interior for passengers and gear, a brilliantly versatile bed featuring the class-exclusive In-Bed Trunk® lockable storage compartment, and best-in-class standard AWD model payload capacity.

For the 2021 model year, Ridgeline features all-new sheet metal from the front roof pillars forward, including a new hood with a pronounced power bulge, a new squared off nose and upright grille, and new front fenders. Flanking the grille are new, brighter LED headlights bisected by the crossbar atop the grille, which is painted gloss black on Sport trims and Black Edition, and is chrome plated on RTL and RTL-E. The body-color lower front bumper further accentuates the Ridgeline’s tough new look with a prominent skid plate and broad side vents that create air curtains to route air through the bumper and around the front tires and wheels to improve aerodynamic performance. A reshaped rear bumper exposes aggressive new twin exhaust outlets, and all Ridgeline trims feature tougher looking 18-inch wheels and an additional 20 mm of track width to give Ridgeline a broader, more planted stance. New tires top off the more rugged look with a more aggressive sidewall and shoulder design. Ridgeline also adds a new Radiant Red Metallic to its exterior color palette.

A new HPD Package was developed in collaboration with Honda Performance Development (HPD), Honda’s U.S.-based racing company, and adds a unique grille treatment, an HPD emblem, black fender flares, aggressive bronze-colored wheels, and special HPD graphics on the side of the bed—for a suggested retail price of $2,800. It’s one of four new post-production option packages available on all Ridgeline trims that include Utility ($1,465), Function ($270), and Function+ ($1,315).

Inside, the 2021 Ridgeline adds a physical volume knob for the audio system, and wireless phone charging. Plus, all Ridgeline trims get new contrast stitching on the seats; Sport trims add new cloth seat inserts; and Sport, RTL and RTL-E trims have new dash, steering wheel and center console accents. Ridgeline’s spacious cabin offers top-class passenger comfort and rear-seat legroom, with a flat floor and foldaway 60/40-split rear seat bottoms, offering enhanced flexibility for carrying long and tall items in the cabin.

A 280-horsepower, 3.5-liter direct-injected VTEC® V6 backed by a smooth and responsive 9-speed automatic transmission powers every 2021 Honda Ridgeline, with i-VTM4® torque-vectoring all-wheel drive now standard across the lineup. The i-VTM4® system automatically sends up to 70 percent of the engine’s 262 lb.-ft. (SAE net) of torque to the rear wheels and continuously apportions 100 percent of that torque between the left and right rear wheels based on driving conditions at each wheel. Ridgeline’s standard Intelligent Traction Dynamics System further optimizes power delivery and distribution in various conditions, including snow, pavement, mud and sand.

All 2021 Honda Ridgelines come standard with the Honda Sensing® suite of safety and driver-assistive technologies, featuring Collision Mitigation Braking System™ (CMBS™) with Forward Collision Warning (FCW), Lane Keeping Assist System (LKAS), Road Departure Mitigation (RDM) with Lane Departure Warning (LDW), and Adaptive Cruise Control (ACC). Ridgeline also targets top-class collision safety ratings from National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS), including an NCAP 5-star Overall Vehicle Score, a «GOOD» rating in all IIHS collision tests, and a «SUPERIOR» IIHS rating for front crash prevention.

2021 Ridgeline Pricing & EPA Data

Model / Trim

MSRP1

MSRP1 Including
$1,175 Destination
Charge

EPA Mileage Rating2

(City/Hwy/Combined)

Ridgeline Sport

$36,490

$37,665

18 / 24 / 21

Ridgeline RTL

$39,470

$40,645

18 / 24 / 21

Ridgeline RTL-E

$42,420

$43,595

18 / 24 / 21

Ridgeline Black Edition

$43,920

$45,095

18 / 24 / 21

About Honda

Honda offers a full line of clean, safe, fun and connected vehicles sold through more than 1,000 independent U.S. Honda dealers. Honda has the highest fleet average fuel economy and lowest CO2 emissions of any major full-line automaker in America, according to the latest data from the U.S. Environmental Protection Agency (EPA). The Honda lineup includes the Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V, Passport and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan. Honda’s electrified vehicle lineup includes the Accord Hybrid, CR-V Hybrid, Insight hybrid, and the Clarity Fuel Cell and Clarity Plug-In Hybrid.

Honda has been producing automobiles in America for 38 years and currently operates 19 major manufacturing facilities in North America. In 2020, more than 95 percent of all Honda vehicles sold in the U.S. were made in North America, using domestic and globally-sourced parts.

For More Information

Additional media information including detailed pricing features and high-resolution photography of 2020 and 2021 Honda models is available at hondanews.com. Consumer information is available at automobiles.honda.com. To join the Honda community on Facebook, visit facebook.com/honda.

1 MSRP excluding tax, license, registration, $1,175 destination charge and options. Dealer prices may vary.

2 Based on 2021 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle, driving conditions and other factors.

Honda Logo.

Photo – https://mma.prnewswire.com/media/1420478/01_2021_Honda_Ridgeline_RTL_E_with_HPD_Package___Sized.jpg
Logo – https://mma.prnewswire.com/media/1420477/Honda_Logo_Logo.jpg

SOURCE American Honda Motor Co., Inc.

2021 Honda Ridgeline Arriving Next Month Ready to Rumble with Rugged New Look

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested…

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,4901.

Ridgeline continues to bring unmatched versatility, including the segment’s largest interior for passengers and gear, a brilliantly versatile bed featuring the class-exclusive In-Bed Trunk® lockable storage compartment, and best-in-class standard AWD model payload capacity.

For the 2021 model year, Ridgeline features all-new sheet metal from the front roof pillars forward, including a new hood with a pronounced power bulge, a new squared off nose and upright grille, and new front fenders. Flanking the grille are new, brighter LED headlights bisected by the crossbar atop the grille, which is painted gloss black on Sport trims and Black Edition, and is chrome plated on RTL and RTL-E. The body-color lower front bumper further accentuates the Ridgeline’s tough new look with a prominent skid plate and broad side vents that create air curtains to route air through the bumper and around the front tires and wheels to improve aerodynamic performance. A reshaped rear bumper exposes aggressive new twin exhaust outlets, and all Ridgeline trims feature tougher looking 18-inch wheels and an additional 20 mm of track width to give Ridgeline a broader, more planted stance. New tires top off the more rugged look with a more aggressive sidewall and shoulder design. Ridgeline also adds a new Radiant Red Metallic to its exterior color palette.

A new HPD Package was developed in collaboration with Honda Performance Development (HPD), Honda’s U.S.-based racing company, and adds a unique grille treatment, an HPD emblem, black fender flares, aggressive bronze-colored wheels, and special HPD graphics on the side of the bed—for a suggested retail price of $2,800. It’s one of four new post-production option packages available on all Ridgeline trims that include Utility ($1,465), Function ($270), and Function+ ($1,315).

Inside, the 2021 Ridgeline adds a physical volume knob for the audio system, and wireless phone charging. Plus, all Ridgeline trims get new contrast stitching on the seats; Sport trims add new cloth seat inserts; and Sport, RTL and RTL-E trims have new dash, steering wheel and center console accents. Ridgeline’s spacious cabin offers top-class passenger comfort and rear-seat legroom, with a flat floor and foldaway 60/40-split rear seat bottoms, offering enhanced flexibility for carrying long and tall items in the cabin.

A 280-horsepower, 3.5-liter direct-injected VTEC® V6 backed by a smooth and responsive 9-speed automatic transmission powers every 2021 Honda Ridgeline, with i-VTM4® torque-vectoring all-wheel drive now standard across the lineup. The i-VTM4® system automatically sends up to 70 percent of the engine’s 262 lb.-ft. (SAE net) of torque to the rear wheels and continuously apportions 100 percent of that torque between the left and right rear wheels based on driving conditions at each wheel. Ridgeline’s standard Intelligent Traction Dynamics System further optimizes power delivery and distribution in various conditions, including snow, pavement, mud and sand.

All 2021 Honda Ridgelines come standard with the Honda Sensing® suite of safety and driver-assistive technologies, featuring Collision Mitigation Braking System™ (CMBS™) with Forward Collision Warning (FCW), Lane Keeping Assist System (LKAS), Road Departure Mitigation (RDM) with Lane Departure Warning (LDW), and Adaptive Cruise Control (ACC). Ridgeline also targets top-class collision safety ratings from National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS), including an NCAP 5-star Overall Vehicle Score, a «GOOD» rating in all IIHS collision tests, and a «SUPERIOR» IIHS rating for front crash prevention.

2021 Ridgeline Pricing & EPA Data

Model / Trim

MSRP1

MSRP1 Including
$1,175 Destination
Charge

EPA Mileage Rating2

(City/Hwy/Combined)

Ridgeline Sport

$36,490

$37,665

18 / 24 / 21

Ridgeline RTL

$39,470

$40,645

18 / 24 / 21

Ridgeline RTL-E

$42,420

$43,595

18 / 24 / 21

Ridgeline Black Edition

$43,920

$45,095

18 / 24 / 21

About Honda

Honda offers a full line of clean, safe, fun and connected vehicles sold through more than 1,000 independent U.S. Honda dealers. Honda has the highest fleet average fuel economy and lowest CO2 emissions of any major full-line automaker in America, according to the latest data from the U.S. Environmental Protection Agency (EPA). The Honda lineup includes the Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V, Passport and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan. Honda’s electrified vehicle lineup includes the Accord Hybrid, CR-V Hybrid, Insight hybrid, and the Clarity Fuel Cell and Clarity Plug-In Hybrid.

Honda has been producing automobiles in America for 38 years and currently operates 19 major manufacturing facilities in North America. In 2020, more than 95 percent of all Honda vehicles sold in the U.S. were made in North America, using domestic and globally-sourced parts.

For More Information

Additional media information including detailed pricing features and high-resolution photography of 2020 and 2021 Honda models is available at hondanews.com. Consumer information is available at automobiles.honda.com. To join the Honda community on Facebook, visit facebook.com/honda.

1 MSRP excluding tax, license, registration, $1,175 destination charge and options. Dealer prices may vary.

2 Based on 2021 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle, driving conditions and other factors.

 

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SOURCE American Honda Motor Co., Inc.

Generation Brings Opportunities to Communities Hit Hardest Amid the Pandemic

WASHINGTON, Jan. 14, 2021 /PRNewswire/ — Generation USA, a workforce development nonprofit transforming the education to employment ecosystem, offers…

WASHINGTON, Jan. 14, 2021 /PRNewswire/ — Generation USA, a workforce development nonprofit transforming the education to employment ecosystem, offers reskilling and training programs at no cost to the unemployed with priority admissions for Black and Latinx communities, as well as women— the communities who have been hit hardest amid the resurgence of the pandemic in late 2020.

According to data obtained from the Bureau of Labor Statistics, the U.S. economy lost a net 140,000 jobs in December 2020. An analysis by the National Women’s Law Center (NWLC) found that women lost 156,000 jobs overall in the same month, while men gained about 16,000; women accounted for 100% of December’s job losses within the United States; In the same month alone, 154,000 Black women left the labor force.

All-time enrollment data provided by Generation reveals that, of its participants who opted to provide their ethnicity, Black and Latinx individuals made up nearly 70% of participants. Of the same group of people, 58.83% of participants were women. 

«Over the past 20 years, I’ve witnessed young people around the country make educational strides but it hasn’t impacted the long-term, multi-generational wealth and well-being needed to have sustainable, stable lives,» says Generation CEO Sean Segal. «And that’s only been magnified by the current moment. Throughout the pandemic, 40 million people have become unemployed in the U.S. 42% of the jobs lost are not coming back. Those that lost income at the greatest levels are young people, people who didn’t go to college, Black and brown people, and people who earned the lowest wages before the pandemic.»

Maria Aspan, in a recent Fortune article, states, «Black and Latina women working in retail, restaurants, and other ‘essential’ service-sector industries, often for very low pay, have been disproportionately laid off amid the pandemic’s lockdowns and business closures. Last month, as worsening coronavirus casualties led to new shutdowns, leisure and hospitality employers cut 498,000 jobs—almost 57% of which were held by women.»

In October of 2020, Generation announced a partnership with Verizon, which aims to significantly increase access to their free, technology-focused career training programs to help reskill workers; Generation aims to support Verizon’s goal of preparing 500,000 individuals, preparing them with jobs ready for the future by 2030 as part of the Citizen Verizon initiative — Verizon’s business plan for economic, environmental, and social advancement.

By leveraging the importance of impact hiring, Generation USA will continue to provide its students with mentorship and the support they need to excel and launch into a new career. 

About Generation

Generation is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment. Even before the pandemic, more than 75 million young adults were out of work globally, and three times as many were underemployed — and 375 million workers of all ages needed to learn new skills by 2030. At the same time, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. To date, more than 38,000 people have graduated from Generation programs, which prepare them for meaningful careers in 14 countries. Generation works with more than 3,900 employer partners and many implementation partners and funders. For more, visit usa.generation.org.

Media Contact

Amy Kauffman
amy@newswire.com

Related Images

generation-usa-students-in-class.png
Generation USA Students in Class (before pandemic)
Generation USA Student in class before 2020 pandemic

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SOURCE Generation USA

Home Prices Rose 13% in December, Sales Up 16%

SEATTLE, Jan. 14, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin (<a target="_blank"…

SEATTLE, Jan. 14, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Homebuying demand barely slowed during what is typically one of the slowest months of the year. Closed home sales were up 16% from a year earlier and pending sales were up 35%, while new listings were up just 14%. The housing market’s continued intensity is due in large part to the continued decline in home mortgage interest rates.

«The December housing market felt more like spring than winter,» said Redfin chief economist Daryl Fairweather. «Right now homebuying demand is seemingly endless, and although new listings are up from a year ago, it’s not nearly enough to keep up with demand. This inventory shortage is especially dire in places that have become hot migration destinations during the pandemic, like Salt Lake City

Median prices increased in each of the 85 largest metro areas Redfin tracks. The smallest price gains compared to a year earlier were in San Francisco (+3%). The largest price increases were in Bridgeport, CT (+28%), Camden, NJ (+24%) and New Brunswick, NJ (+21%).

«It seems no matter how high we price some homes, buyers are willing to pay more,» said Shellie Silva, an agent in Grand Rapids, MI, where median sale prices rose 12% in December. «Buyers—especially out of-towners—are offering up to $30,000 in cash to cover any appraisal gap in addition to waiving inspection contingencies. A lot of the demand is coming from people moving here from the Chicago area, drawn by low property taxes and relatively affordable housing.»

Market Summary

December 2020

Month-Over-Month

Year-Over-Year

Median sale price

$334,300

-0.2%

13.1%

Homes sold, seasonally-adjusted

637,600

-3.8%

16.2%

Pending sales, seasonally-adjusted

629,700

1.4%

35.4%

New listings, seasonally-adjusted

680,900

1.3%

13.6%

All Homes for sale, seasonally-adjusted

1,642,800

-1.1%

-22.3%

Median days on market

30

3

-20

Months of supply

1.2

-0.4

-1.3

Sold above list

33.4%

-1.6 pts

13.4 pts

Median Off-Market Redfin Estimate

$318,100

-0.2%

14.5%

Average Sale-to-list

99.4%

-0.1 pts

1.4 pts

Average 30-year fixed mortgage rate

2.68%

-0.09 pts

-1.04 pts

† – «pts» = percentage point change

Home sales were up 16% in December from a year earlier on a seasonally-adjusted basis, down from the record high of 25% set in October, but still the fourth-highest level on record.

The number of homes sold in December was up from a year earlier in the 85 largest metro areas Redfin tracks. The largest gains in sales were in Bridgeport, CT (+52%), New Brunswick, NJ (+47%) and Oxnard, CA (+41%). The metro areas with the smallest increase in the number of homes sold were Fresno, CA and Miami, both of which had gains of just 3%.

Active listings—the count of all homes that were for sale at any time during the month—fell 22% year over year to their lowest level on record in December,  the 17th-straight month of declines.

Only five of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale. The largest gains were in San Francisco (+78%), New York City (+28%) and San Jose, CA (+25%).

Compared to a year ago, the biggest declines in active housing supply in December were in Salt Lake City (-57%), Kansas City, MO (-51%) and Allentown, PA (-49%).

The number of new listings of homes for sale increased 14% in December from a year earlier, a solid gain, but still dwarfed by the gain over the same period in pending sales, which were up 35%.

Measures of competition such as time on market and the share of homes sold above list price were at their most extreme December levels on record. However, they did finally ease slightly from November, following a more typical seasonal trend, but this only offered a small amount of relief for homebuyers.

The typical home that sold in December went under contract in 30 days—20 days less than a year earlier.

In December 33% of homes sold above list price, down slightly from the peak in November, but up from 20% a year earlier.

To read the full report, including charts and additional metro-level insights, please visit: https://www.redfin.com/news/december-home-prices-up-13-pct/.

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

 

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SOURCE Redfin

La Haus Cements Market Leadership in Mexico and Colombia; Announces $35M in Series B Funding

MEXICO CITY, Jan. 14, 2021 /PRNewswire/ — La Haus, the proptech market leader in Mexico and Colombia that is transforming the Latin American real estate industry, today announced it has raised $35 million in Series B led by Greenspring…

MEXICO CITY, Jan. 14, 2021 /PRNewswire/ — La Haus, the proptech market leader in Mexico and Colombia that is transforming the Latin American real estate industry, today announced it has raised $35 million in Series B led by Greenspring Associates. The new funding will allow the company to expand its product and services, and to extend its geographic reach to other parts of Latin America. This follows a $10M Series A round in early 2020.

Also participating in the round are Series A investors Acrew Capital; Kaszek Ventures; NFX, a firm co-founded by Trulia founder Pete Flint; IMO Ventures; and Zillow co-founder Spencer Rascoff. Hometeam Ventures also invested in the Series B round.

La Haus facilitates traditional real estate transactions digitally, enabling entirely online transactions, and is building a first-of-its-kind, end-to-end marketplace for Latin America. The company makes homeownership more accessible to many in Latin America, where lack of infrastructure and access to transparent information can impede people’s ability to buy homes. La Haus facilitates over $500 million in annualized gross transaction value.

La Haus has facilitated nearly 4,000 transactions —  by far the most of any proptech company in Mexico or Colombia.

«We couldn’t possibly have imagined a year ago what life would be like right now, but we are grateful that the company we built pre-Covid was in a position to help so many Latin Americans find and buy their perfect home during the pandemic,» said La Haus co-founder and President Rodrigo Sánchez-Ríos. «For most people, homeownership is key for the creation of wealth and stability. Before now, it’s been out of reach for many Mexicans and Colombians. We’re excited to use this funding to bring this opportunity to many more people across Latin America

La Haus was well-positioned to help Latin Americans buy homes online —  and to help sellers and developers sell those homes —  when Covid struck. Amid the backdrop of a booming housing market, the company has experienced double-digit month-over-month revenue growth, while increasing efficiency and customer satisfaction. In Mexico, the company quintupled its business over the last 12 months, and facilitates more transactions than any other brokerage in Mexico City.

Also in the past year, La Haus has hired a management team experienced in scaling companies. Among its leaders is Chief Product Officer Thomas Floracks, co-founder of VivaReal, the real estate portal in Brazil. After VivaReal merged with Zap Imoveis, the combined company was recently acquired by OLX Brazil for US $650 million. Under Floracks’ leadership, La Haus has created a Latam-leading product experience to search, view and seamlessly transact homes.

«We see incredible opportunity in proptech companies growing in Latin America, a region with more than 600 million people, and relatively low but ever-growing homeownership rates,» said Seyonne Kang, Partner at Greenspring Associates. «They face less competition from legacy companies and serve a huge and growing population that is just starting to embrace online transactions. La Haus stood out as a leader in this space due to their vision and track record, having already scaled their young company across two countries. We are excited about the company’s prospects and look forward to being a part of their continued success.» 

La Haus has also developed partnerships with significant developers in Mexico and Colombia, including Mexico-based GDC Desarrollos, CLASS, Punto Destino, Yukon, and Terraforma. Developers have leveraged La Haus’s audience and transaction technology to take online a formerly showroom- and staff-driven sales process, shortening time to sale.

La Haus was founded by Jerónimo Uribe, CEO; Rodrigo Sánchez-Ríos, president; Tomás Uribe, director; and Santiago Garcia, CTO. Jerónimo Uribe and Sánchez-Ríos met at Stanford University, and prior to La Haus they started and ran Jaguar Capital, a Colombian real estate development company with over $350 million of retail and residential projects. Garcia previously built technology platforms at Jaguar Capital.

About La Haus
La Haus is transforming the real estate industry in Latin America, bringing consumers an end-to-end marketplace aimed at addressing the many hardships home buyers and sellers face in Latin America. The company makes homeownership more accessible to many in Latin America, where lack of infrastructure and access to transparent information can impede people’s ability to buy homes. The company launched in 2017 and today operates property search portals lahaus.com in Colombia and lahaus.mx in Mexico  — the first portals that ensure high-quality and de-duplicated listings — and a brokerage that is facilitating more than $400 million in annualized gross transaction value.

La Haus is based in Medellin, Colombia, and operates in Medellin, Bogota and Mexico City.

About Greenspring Associates
Greenspring Associates was founded in 2000 to focus solely on venture capital investments. Through a comprehensive platform, the Firm serves as a lifecycle partner for fund managers and entrepreneurs, investing across multiple stages, sectors and geographies. Greenspring Associates currently manages over $12 billion in committed capital across a variety of specialized venture strategies on behalf of a diverse group of global investors.

For more information on Greenspring Associates, please visit its website at www.greenspringassociates.com.

 

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SOURCE La Haus

New Carbon Lighthouse Service Quantifies Energy Efficiency Across CRE Portfolios for True Financial and ESG Impact, Operational Efficiency

SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ — Carbon Lighthouse, an energy services company delivering real carbon reduction impact for commercial real estate (CRE), today released its  <a target="_blank"…

SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ — Carbon Lighthouse, an energy services company delivering real carbon reduction impact for commercial real estate (CRE), today released its  Efficiency Production service nationwide. With advancements in its AI platform, the service can establish a continuous data stream from any building in any geography to deliver new value to CRE owners within 60 days: the demonstration of carbon reduction impact to Limited Partners (LPs), direct increases in net operating income (NOI), and solving operational challenges that attract and retain occupants – in assets spanning commercial office and hospitality to multifamily and medical office buildings (MOBs).

«For more than a decade, Carbon Lighthouse has been empowering CRE owners with the energy efficiency and operational solutions required to meet the changing needs of the industry, investors and occupants,» said Brenden Millstein, President overseeing Product at Carbon Lighthouse. «Now, Carbon Lighthouse is using our decade’s worth of real building expertise, enhanced technology platform, and our vast data-capturing capabilities to help CRE quickly achieve the new occupant, climate and business goals being mandated by the new market landscape.»

The pandemic has forced owners to re-evaluate how best to serve its occupants while facing the many business challenges and uncertainties the resulting economic crash delivered. Macrotrends are also driving further change in how CRE manages its assets. A new administration’s climate change plan and LPs aggressively seeking funds committed to environmental, social and governance (ESG) means CRE owners must demonstrate data-backed proof of their climate impact.

«L&B prioritizes responsible ESG investments and champions innovation to better manage risk and generate sustainable long-term returns,» said Eric Smith, EVP of Business Development at L&B Realty Advisors, LLP. «This past year, we collaborated closely with Carbon Lighthouse to fully tap the benefits of Efficiency Production as we navigated various operational and business shifts knowing Carbon Lighthouse would bring the expertise and technical tools to continuously optimize our assets while helping L&B innovate important ESG solutions.»

Efficiency Production captures previously inaccessible building data across a real estate portfolio’s most energy intensive building systems — the heating, ventilation and air conditioning (HVAC) and lighting — and combines it with Carbon Lighthouse’s database of 100 million square feet of real building data. Then the company’s patented CLUES® AI platform mines the entire data set to profitably modernize assets and capture new streams of building value through energy and operational efficiency opportunities. Site teams are empowered with actionable technical instructions to implement energy and operational efficiencies while owners and investors can quantify and validate the financial and environmental value of their asset management strategies. Regardless of any stage in the asset lifecycle, in any geography, Efficiency Production delivers new sources of energy and operational savings with an average 20-30% yield and average $0.20$0.40 per sq. ft. of NOI. 

Efficiency Production is designed to help owners meet the current and evolving needs of its occupants, investors and business with key features including:

  • Expert Client Service & Support empowering on-site teams with expert guidance on how to quickly and effectively implement new measures
  • Actionable Technical Documentation backed by a decade of implementation experience and best practices to enable existing teams to harvest the value uncovered through new data
  • Ongoing value creation through informed, accurate financial and technical analysis of operational choices and potential outcomes
  • Rental Income paid by Carbon Lighthouse to flow value back to owners with triple net leases, creating top line revenue and increasing building value directly
  • Industry leading price point as compared to other complex sustainability solutions or comparable financial and operational outcomes

Learn more about Efficiency Production here.

ABOUT CARBON LIGHTHOUSE
Carbon Lighthouse is on a mission to stop climate change by delivering profitable climate solutions for commercial real estate portfolios. Its unique Efficiency Production service and patented AI platform CLUES® turn wasted energy into guaranteed financial, operational and climate impact value for clients. CLUES has analyzed more than 100MM square feet of commercial real estate and 5 billion points of building energy data, to deliver portfolio-wide value and more than $250 million in savings for clients including Goldman Sachs, Hawaiian Airlines, L&B, The Carlyle Group, The Moinian Group, Madison International Realty, and AEW. For more information visit: www.carbonlighthouse.com.

 

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SOURCE Carbon Lighthouse

2021 Honda Ridgeline Arriving Next Month Ready to Rumble with Rugged New Look

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling….

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,4901.

The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,490.

Ridgeline continues to bring unmatched versatility, including the segment’s largest interior for passengers and gear, a brilliantly versatile bed featuring the class-exclusive In-Bed Trunk® lockable storage compartment, and best-in-class standard AWD model payload capacity.

For the 2021 model year, Ridgeline features all-new sheet metal from the front roof pillars forward, including a new hood with a pronounced power bulge, a new squared off nose and upright grille, and new front fenders. Flanking the grille are new, brighter LED headlights bisected by the crossbar atop the grille, which is painted gloss black on Sport trims and Black Edition, and is chrome plated on RTL and RTL-E. The body-color lower front bumper further accentuates the Ridgeline’s tough new look with a prominent skid plate and broad side vents that create air curtains to route air through the bumper and around the front tires and wheels to improve aerodynamic performance. A reshaped rear bumper exposes aggressive new twin exhaust outlets, and all Ridgeline trims feature tougher looking 18-inch wheels and an additional 20 mm of track width to give Ridgeline a broader, more planted stance. New tires top off the more rugged look with a more aggressive sidewall and shoulder design. Ridgeline also adds a new Radiant Red Metallic to its exterior color palette.

A new HPD Package was developed in collaboration with Honda Performance Development (HPD), Honda’s U.S.-based racing company, and adds a unique grille treatment, an HPD emblem, black fender flares, aggressive bronze-colored wheels, and special HPD graphics on the side of the bed—for a suggested retail price of $2,800. It’s one of four new post-production option packages available on all Ridgeline trims that include Utility ($1,465), Function ($270), and Function+ ($1,315).

Inside, the 2021 Ridgeline adds a physical volume knob for the audio system, and wireless phone charging. Plus, all Ridgeline trims get new contrast stitching on the seats; Sport trims add new cloth seat inserts; and Sport, RTL and RTL-E trims have new dash, steering wheel and center console accents. Ridgeline’s spacious cabin offers top-class passenger comfort and rear-seat legroom, with a flat floor and foldaway 60/40-split rear seat bottoms, offering enhanced flexibility for carrying long and tall items in the cabin.

A 280-horsepower, 3.5-liter direct-injected VTEC® V6 backed by a smooth and responsive 9-speed automatic transmission powers every 2021 Honda Ridgeline, with i-VTM4® torque-vectoring all-wheel drive now standard across the lineup. The i-VTM4® system automatically sends up to 70 percent of the engine’s 262 lb.-ft. (SAE net) of torque to the rear wheels and continuously apportions 100 percent of that torque between the left and right rear wheels based on driving conditions at each wheel. Ridgeline’s standard Intelligent Traction Dynamics System further optimizes power delivery and distribution in various conditions, including snow, pavement, mud and sand.

All 2021 Honda Ridgelines come standard with the Honda Sensing® suite of safety and driver-assistive technologies, featuring Collision Mitigation Braking System™ (CMBS™) with Forward Collision Warning (FCW), Lane Keeping Assist System (LKAS), Road Departure Mitigation (RDM) with Lane Departure Warning (LDW), and Adaptive Cruise Control (ACC). Ridgeline also targets top-class collision safety ratings from National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS), including an NCAP 5-star Overall Vehicle Score, a «GOOD» rating in all IIHS collision tests, and a «SUPERIOR» IIHS rating for front crash prevention.

2021 Ridgeline Pricing & EPA Data

Model / Trim

MSRP1

MSRP1 Including
$1,175 Destination
Charge

EPA Mileage Rating2

(City/Hwy/Combined)

Ridgeline Sport

$36,490

$37,665

18 / 24 / 21

Ridgeline RTL

$39,470

$40,645

18 / 24 / 21

Ridgeline RTL-E

$42,420

$43,595

18 / 24 / 21

Ridgeline Black Edition

$43,920

$45,095

18 / 24 / 21

About Honda

Honda offers a full line of clean, safe, fun and connected vehicles sold through more than 1,000 independent U.S. Honda dealers. Honda has the highest fleet average fuel economy and lowest CO2 emissions of any major full-line automaker in America, according to the latest data from the U.S. Environmental Protection Agency (EPA). The Honda lineup includes the Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V, Passport and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan. Honda’s electrified vehicle lineup includes the Accord Hybrid, CR-V Hybrid, Insight hybrid, and the Clarity Fuel Cell and Clarity Plug-In Hybrid.

Honda has been producing automobiles in America for 38 years and currently operates 19 major manufacturing facilities in North America. In 2020, more than 95 percent of all Honda vehicles sold in the U.S. were made in North America, using domestic and globally-sourced parts.

For More Information

Additional media information including detailed pricing features and high-resolution photography of 2020 and 2021 Honda models is available at hondanews.com. Consumer information is available at automobiles.honda.com. To join the Honda community on Facebook, visit facebook.com/honda.

1 MSRP excluding tax, license, registration, $1,175 destination charge and options. Dealer prices may vary.

2 Based on 2021 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle, driving conditions and other factors.

Honda Logo.

Photo – https://mma.prnewswire.com/media/1420478/01_2021_Honda_Ridgeline_RTL_E_with_HPD_Package___Sized.jpg
Logo – https://mma.prnewswire.com/media/1420477/Honda_Logo_Logo.jpg

SOURCE American Honda Motor Co., Inc.

La Haus Cements Market Leadership in Mexico and Colombia; Announces $35M in Series B Funding

MEXICO CITY, Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — La Haus, the proptech market leader in Mexico and Colombia that is transforming the Latin American real estate industry, today announced it has raised $35 million in Series B led by…

MEXICO CITY, Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — La Haus, the proptech market leader in Mexico and Colombia that is transforming the Latin American real estate industry, today announced it has raised $35 million in Series B led by Greenspring Associates. The new funding will allow the company to expand its product and services, and to extend its geographic reach to other parts of Latin America. This follows a $10M Series A round in early 2020.

Also participating in the round are Series A investors Acrew Capital; Kaszek Ventures; NFX, a firm co-founded by Trulia founder Pete Flint; IMO Ventures; and Zillow co-founder Spencer Rascoff. Hometeam Ventures also invested in the Series B round.

La Haus facilitates traditional real estate transactions digitally, enabling entirely online transactions, and is building a first-of-its-kind, end-to-end marketplace for Latin America. The company makes homeownership more accessible to many in Latin America, where lack of infrastructure and access to transparent information can impede people’s ability to buy homes. La Haus facilitates over $500 million in annualized gross transaction value.

La Haus has facilitated nearly 4,000 transactions —  by far the most of any proptech company in Mexico or Colombia.

«We couldn’t possibly have imagined a year ago what life would be like right now, but we are grateful that the company we built pre-Covid was in a position to help so many Latin Americans find and buy their perfect home during the pandemic,» said La Haus co-founder and President Rodrigo Sánchez-Ríos. «For most people, homeownership is key for the creation of wealth and stability. Before now, it’s been out of reach for many Mexicans and Colombians. We’re excited to use this funding to bring this opportunity to many more people across Latin America

La Haus was well-positioned to help Latin Americans buy homes online —  and to help sellers and developers sell those homes —  when Covid struck. Amid the backdrop of a booming housing market, the company has experienced double-digit month-over-month revenue growth, while increasing efficiency and customer satisfaction. In Mexico, the company quintupled its business over the last 12 months, and facilitates more transactions than any other brokerage in Mexico City.

Also in the past year, La Haus has hired a management team experienced in scaling companies. Among its leaders is Chief Product Officer Thomas Floracks, co-founder of VivaReal, the real estate portal in Brazil. After VivaReal merged with Zap Imoveis, the combined company was recently acquired by OLX Brazil for US $650 million. Under Floracks’ leadership, La Haus has created a Latam-leading product experience to search, view and seamlessly transact homes.

«We see incredible opportunity in proptech companies growing in Latin America, a region with more than 600 million people, and relatively low but ever-growing homeownership rates,» said Seyonne Kang, Partner at Greenspring Associates. «They face less competition from legacy companies and serve a huge and growing population that is just starting to embrace online transactions. La Haus stood out as a leader in this space due to their vision and track record, having already scaled their young company across two countries. We are excited about the company’s prospects and look forward to being a part of their continued success.» 

La Haus has also developed partnerships with significant developers in Mexico and Colombia, including Mexico-based GDC Desarrollos, CLASS, Punto Destino, Yukon, and Terraforma. Developers have leveraged La Haus’s audience and transaction technology to take online a formerly showroom- and staff-driven sales process, shortening time to sale.

La Haus was founded by Jerónimo Uribe, CEO; Rodrigo Sánchez-Ríos, president; Tomás Uribe, director; and Santiago Garcia, CTO. Jerónimo Uribe and Sánchez-Ríos met at Stanford University, and prior to La Haus they started and ran Jaguar Capital, a Colombian real estate development company with over $350 million of retail and residential projects. Garcia previously built technology platforms at Jaguar Capital.

About La Haus
La Haus is transforming the real estate industry in Latin America, bringing consumers an end-to-end marketplace aimed at addressing the many hardships home buyers and sellers face in Latin America. The company makes homeownership more accessible to many in Latin America, where lack of infrastructure and access to transparent information can impede people’s ability to buy homes. The company launched in 2017 and today operates property search portals lahaus.com in Colombia and lahaus.mx in Mexico  — the first portals that ensure high-quality and de-duplicated listings — and a brokerage that is facilitating more than $400 million in annualized gross transaction value.

La Haus is based in Medellin, Colombia, and operates in Medellin, Bogota and Mexico City.

About Greenspring Associates
Greenspring Associates was founded in 2000 to focus solely on venture capital investments. Through a comprehensive platform, the Firm serves as a lifecycle partner for fund managers and entrepreneurs, investing across multiple stages, sectors and geographies. Greenspring Associates currently manages over $12 billion in committed capital across a variety of specialized venture strategies on behalf of a diverse group of global investors.

For more information on Greenspring Associates, please visit its website at www.greenspringassociates.com.

 

SOURCE La Haus

2021 Honda Ridgeline Arriving Next Month Ready to Rumble with Rugged New Look

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling….

TORRANCE, Calif., Jan. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ — The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,4901.

The 2021 Honda Ridgeline begins arriving at Honda dealerships on Feb. 2, with bold new styling underscoring its rugged and versatile pickup truck capabilities. Ridgeline’s standard V6 power, fully independent suspension and standard torque-vectoring i-VTM4® all-wheel drive give it the capability to tackle challenging trails and treacherous roads with class-leading ride and handling. Manufacturer’s Suggested Retail Prices (MSRP) start at $36,490.

Ridgeline continues to bring unmatched versatility, including the segment’s largest interior for passengers and gear, a brilliantly versatile bed featuring the class-exclusive In-Bed Trunk® lockable storage compartment, and best-in-class standard AWD model payload capacity.

For the 2021 model year, Ridgeline features all-new sheet metal from the front roof pillars forward, including a new hood with a pronounced power bulge, a new squared off nose and upright grille, and new front fenders. Flanking the grille are new, brighter LED headlights bisected by the crossbar atop the grille, which is painted gloss black on Sport trims and Black Edition, and is chrome plated on RTL and RTL-E. The body-color lower front bumper further accentuates the Ridgeline’s tough new look with a prominent skid plate and broad side vents that create air curtains to route air through the bumper and around the front tires and wheels to improve aerodynamic performance. A reshaped rear bumper exposes aggressive new twin exhaust outlets, and all Ridgeline trims feature tougher looking 18-inch wheels and an additional 20 mm of track width to give Ridgeline a broader, more planted stance. New tires top off the more rugged look with a more aggressive sidewall and shoulder design. Ridgeline also adds a new Radiant Red Metallic to its exterior color palette.

A new HPD Package was developed in collaboration with Honda Performance Development (HPD), Honda’s U.S.-based racing company, and adds a unique grille treatment, an HPD emblem, black fender flares, aggressive bronze-colored wheels, and special HPD graphics on the side of the bed—for a suggested retail price of $2,800. It’s one of four new post-production option packages available on all Ridgeline trims that include Utility ($1,465), Function ($270), and Function+ ($1,315).

Inside, the 2021 Ridgeline adds a physical volume knob for the audio system, and wireless phone charging. Plus, all Ridgeline trims get new contrast stitching on the seats; Sport trims add new cloth seat inserts; and Sport, RTL and RTL-E trims have new dash, steering wheel and center console accents. Ridgeline’s spacious cabin offers top-class passenger comfort and rear-seat legroom, with a flat floor and foldaway 60/40-split rear seat bottoms, offering enhanced flexibility for carrying long and tall items in the cabin.

A 280-horsepower, 3.5-liter direct-injected VTEC® V6 backed by a smooth and responsive 9-speed automatic transmission powers every 2021 Honda Ridgeline, with i-VTM4® torque-vectoring all-wheel drive now standard across the lineup. The i-VTM4® system automatically sends up to 70 percent of the engine’s 262 lb.-ft. (SAE net) of torque to the rear wheels and continuously apportions 100 percent of that torque between the left and right rear wheels based on driving conditions at each wheel. Ridgeline’s standard Intelligent Traction Dynamics System further optimizes power delivery and distribution in various conditions, including snow, pavement, mud and sand.

All 2021 Honda Ridgelines come standard with the Honda Sensing® suite of safety and driver-assistive technologies, featuring Collision Mitigation Braking System™ (CMBS™) with Forward Collision Warning (FCW), Lane Keeping Assist System (LKAS), Road Departure Mitigation (RDM) with Lane Departure Warning (LDW), and Adaptive Cruise Control (ACC). Ridgeline also targets top-class collision safety ratings from National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS), including an NCAP 5-star Overall Vehicle Score, a «GOOD» rating in all IIHS collision tests, and a «SUPERIOR» IIHS rating for front crash prevention.

2021 Ridgeline Pricing & EPA Data

Model / Trim

MSRP1

MSRP1 Including
$1,175 Destination
Charge

EPA Mileage Rating2

(City/Hwy/Combined)

Ridgeline Sport

$36,490

$37,665

18 / 24 / 21

Ridgeline RTL

$39,470

$40,645

18 / 24 / 21

Ridgeline RTL-E

$42,420

$43,595

18 / 24 / 21

Ridgeline Black Edition

$43,920

$45,095

18 / 24 / 21

About Honda

Honda offers a full line of clean, safe, fun and connected vehicles sold through more than 1,000 independent U.S. Honda dealers. Honda has the highest fleet average fuel economy and lowest CO2 emissions of any major full-line automaker in America, according to the latest data from the U.S. Environmental Protection Agency (EPA). The Honda lineup includes the Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V, Passport and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan. Honda’s electrified vehicle lineup includes the Accord Hybrid, CR-V Hybrid, Insight hybrid, and the Clarity Fuel Cell and Clarity Plug-In Hybrid.

Honda has been producing automobiles in America for 38 years and currently operates 19 major manufacturing facilities in North America. In 2020, more than 95 percent of all Honda vehicles sold in the U.S. were made in North America, using domestic and globally-sourced parts.

For More Information

Additional media information including detailed pricing features and high-resolution photography of 2020 and 2021 Honda models is available at hondanews.com. Consumer information is available at automobiles.honda.com. To join the Honda community on Facebook, visit facebook.com/honda.

1 MSRP excluding tax, license, registration, $1,175 destination charge and options. Dealer prices may vary.

2 Based on 2021 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle, driving conditions and other factors.

Honda Logo.

Photo – https://mma.prnewswire.com/media/1420478/01_2021_Honda_Ridgeline_RTL_E_with_HPD_Package___Sized.jpg
Logo – https://mma.prnewswire.com/media/1420477/Honda_Logo_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Study by Thryv, Inc. and America’s SBDC Shows that 87% of Small Businesses Believe the Government Needs to Provide More Stimulus

DALLAS, Jan. 14, 2021 /PRNewswire/ — In an effort to gauge the impact of COVID-19 among small businesses, Thryv, Inc. (NASDAQ: THRY) and America’s Small Business Development Center (SBDC) conducted a study with participants from over 1,499 small to medium sized businesses (SMBs) across more than 100 industries. The study revealed that most SMBs are still struggling and require stimulus support as the Coronavirus pandemic continues. 

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DALLAS, Jan. 14, 2021 /PRNewswire/ — In an effort to gauge the impact of COVID-19 among small businesses, Thryv, Inc. (NASDAQ: THRY) and America’s Small Business Development Center (SBDC) conducted a study with participants from over 1,499 small to medium sized businesses (SMBs) across more than 100 industries. The study revealed that most SMBs are still struggling and require stimulus support as the Coronavirus pandemic continues. 

The new study launched on November 16, 2020, details how SMBs are still being affected by the pandemic. Key insights and statistics show which industries were affected the most, how many businesses had to make adjustments, and the consensus on making those adjustments permanent after the pandemic. The data revealed that 87% of SMBs need additional stimulus for 2021.

In late December 2020, Congress passed a second stimulus bill which includes renewed funds for Paycheck Protection Program (PPP) loans to help the country’s smallest businesses weather the hardships brought on by the pandemic.

«The new data shows that two-thirds of SMBs believe their business won’t completely recover one year from now,» said Gordon Henry, Chief Strategy Officer at Thryv. «These findings are concerning, but as small business supporters and advocates, we hope to change that outlook by raising awareness for the small business sector and providing resources to help business owners navigate the situation in 2021.»

Thryv — a SaaS and marketing solutions company with over 350,000 small business clients nationwide — and America’s SBDC conducted a previous study among small businesses from March 20 to July 2, 2020, where 4,244 small businesses participated. That study found that 82% of small businesses were «extremely concerned» about the current business environment due to the COVID-19 outbreak.

According to the recent data, now 45% of SMBs fear they will need to close their business, lay off employees or close locations if restrictions continue without additional government aid into 2021.

In an effort to advocate for small businesses, Thryv and America’s SBDC compiled key data points from the original study into a letter addressed to Congress in July 2020 pushing for support. The study showed small businesses that received their first stimulus loan started to change for the better quickly. Further results showed that three-fourths of small businesses that received the loan believe more stimulus was needed for their business to survive.

These studies by Thryv, Inc., and America’s SBDC will continue as new surveys go out each week to collect more data in 2021. The full results of the study can be found on Thryv’s website, here.

About Thryv Holdings, Inc.
Thryv Holdings, Inc. owns the easy-to-use Thryv® end-to-end customer experience software built for small business that helps over 40,000 SaaS clients with the daily demands of running a business. With Thryv, they can get the job, manage the job and get credit. Thryv’s award-winning platform provides modernized business functions, allowing SMBs to reach more customers, stay organized, get paid faster and generate reviews. These include building a digital customer database, automated marketing through email and text, updating business listings across the internet, scheduling online appointments, sending notifications and reminders, managing ratings and reviews, generating estimates and invoices and processing payments.

Thryv supports franchise operators and multi-location business owners with Hub by Thryv™, a software console that enables businesses managers to oversee their operations using the Thryv software.

Thryv also connects local businesses to consumer services through our search, display and social media management products, our print directories featuring The Real Yellow Pages® tagline, and our local search portals, which operate under the DexKnows.com®, Superpages.com® and Yellowpages.com URLs and reach some 35 million monthly visitors. For more information about the company, visit thryv.com.

Thryv delivers business services to more than 360,000 SMBs across America that enable them to compete and win in today’s economy.  

About America’s SBDC Program: America’s SBDC (Small Business Development Center) Network is a partnership uniting private enterprise, government, higher education and local nonprofit economic development organizations. It is the Small Business Administration’s largest partnership program, providing management and technical assistance to help Americans start, run and grow their own businesses. Learn more at www.americassbdc.org.

Media Contact:
Paige Blankenship
Thryv, Inc.
972.453.3012
paige.blankenship@thryv.com

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SOURCE Thryv Holdings, Inc.