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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Fort Worth angel network makes largest investment

 

Members of Cowtown Angels, a program of nonprofit technology incubator Tech Fort Worth, have closed a $5 million investment in Encore Vision Inc., a TechFW client.
The investment included $750,000 from members of the Cowtown Angels. This is the first investment by the organization in a TechFW client company and the largest investment to date for the Fort Worth-based angel network, which launched in September 2012.


The Cowtown Angels program connects local “angel investors” with companies in the area needing startup capital. The group, which has grown to 23 members in just 16 months, previously had invested more than $2 million in six early-stage companies in a variety of industries. The largest previous investment was $620,000 in Wisegate Inc., in May 2013.
“This is one of the largest angel rounds ever in a TechFW client, and the first time the Cowtown Angels have participated, so this is a big win-win for the local entrepreneurial community,” said Darlene Boudreaux, executive director of TechFW
Encore Vision is developing Dioptin, a patented prescription eye drop treatment for presbyopia, the eye condition that afflicts most people by the age of 40, requiring them to wear reading glasses. Dioptin is a proprietary pro-drug comprised of “naturally” occurring bio-compounds found in the living human crystalline lens. A major goal for Dioptin treatment is to give those with presbyopia freedom from, or reduced dependence on, their bifocals or reading glasses.
The company will use the funds to further the development of its product and complete Phase 2 clinical trials.
“Cowtown Angels has played a pivotal role in this funding round for Encore Vision,” said Bill Burns, president and CEO of Encore Vision. “Along with Tech Fort Worth’s help, we look forward to having members of the Cowtown Angels participate in this ‘first-in-class’ pharmaceutical product development program.” - Betty Dillard

bdillard@bizpress.net

 

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