As Omaha continues to grow and expand, there is always plenty of news to follow. From small startups to large corporations, the city is home to a wide variety of businesses. In this article, we will be covering the top 5 Omaha business news stories from the past month.
1. Berkshire Hathaway acquires Dominion Energy
In early July, it was announced that Warren Buffet’s Berkshire Hathaway had acquired Dominion Energy’s natural gas transmission and storage business for $9.7 billion in cash. The move is part of Berkshire Hathaway’s strategy to grow its energy business and continue expanding its portfolio.
2. Borsheims Jewelry reopens after COVID-19 shutdown
Borsheims Jewelry, a popular Omaha retailer, reopened its doors in mid-July after a temporary closure due to the pandemic. The store has implemented several safety measures to protect both customers and employees, including mandatory mask-wearing and frequent sanitizing.
3. Monolith Materials breaks ground on factory in Hallam
Renewable energy startup Monolith Materials broke ground on a new factory in Hallam, Nebraska, that will produce carbon black, a material used in a variety of commercial products. The facility is expected to bring around 600 jobs to the area and will be powered by renewable energy sources.
4. Lincoln Financial Group acquires Liberty Group’s US employee benefits business
Lincoln Financial Group announced that it had acquired Liberty Group’s US employee benefits business for $3.3 billion in cash and stock. The move will strengthen Lincoln Financial’s position in the employee benefits market and expand its reach across the country.
5. Omaha Steaks to open new retail store in Des Moines
Omaha Steaks, a popular meat retailer, announced that it would be opening a new retail store in Des Moines, Iowa. The store will offer a wide variety of premium meats and other products, along with cooking tips and recipes for customers to try at home.
These are just a few of the top Omaha business news stories from the past month. As the city continues to grow and evolve, there will undoubtedly be many more exciting developments to come.
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