The Steele Group

The Steele Group, in partnership with the RESHORING INITIATIVE, is excited to share insights from a discussion between Steele Divitto, Founder and CEO of The Steele Group, and Harry Moser, Founder of the Reshoring Initiative. They explored key trends in reshoring, geopolitical risks, real estate strategies, incentives, and more. Key Topics Covered: 1. Misconception of the Costs to Conduct Business Overseas: While wages and real estate might be cheaper abroad, reshoring offers advantages such as superior product quality, responsiveness to customer demands, reduced intellectual property and regulatory risks, lower inventory levels (and better turns), skilled workforce, lead times and enhanced innovation and product differentiation. 2. Evolving Stakeholder Responsibility: In 2019, the Business Roundtable redefined stakeholder responsibility to include shareholders, employees, communities, and suppliers. Reshoring aligns with this by bringing back US jobs, supporting domestic suppliers, and strengthening communities. 3. The Need for Automation: For the US to compete, increased automation is essential. US productivity has grown by less than 0.5% annually over the past 15 years, compared to China's 6%. Investing in automation will help the US boost productivity and competitiveness. 4. Clean and Reliable Power: Investment in both grid-level and behind-the-meter energy is crucial. US electricity production emits roughly 50% less CO2 per kilowatt hour compared to China. Manufacturing domestically can significantly reduce carbon emissions and help companies meet ESG goals. 5. Total Cost of Ownership (TCO) Estimator: This online tool, available on the Reshoring Initiative's website, helps businesses evaluate overhead, balance sheets, risks, corporate strategies, and other factors to determine the true cost of ownership. Join us in BUILDING BACK AMERICAN MANUFACTURING! The Steele Group, Anchor Advisors & RESHORING INITIATIVE https://lnkd.in/e6fVNV2D #Reshoring #Manufacturing #Innovation #CleanEnergy #Automation #AmericanJobs #CommunityStrength

???? Happy Thanksgiving from all of us at The Steele Group! Today, we pause to reflect on the many blessings we’re grateful for—our clients, partners, and colleagues who make what we do meaningful. Your trust and support inspire us every day. As we gather with family and friends, let’s remember the importance of gratitude, community, and giving back. May your day be filled with joy, laughter, and love. God bless you and your loved ones this Thanksgiving and always. ?? #Thanksgiving #Gratitude #TheSteeleGroup

There’s more pickleball coming to South Boston.

With the choice to work from home or the office, Boston tech and life sciences talent are coming in more, helping us expand our downtown hub and filling it with an energetic, collaborative atmosphere — as seen in NBC Boston Stations: https://bit.ly/3AiaTso Exploring new opportunities in the area? We’re #hiring: https://bit.ly/43Tg2kX #WorkAnywhere #LifeatVeeva

On this Veterans Day, The Steele Group honors the brave men and women who have served our country. Your sacrifice and dedication inspire us every day. Thank you for your service and commitment. #VeteransDay #ThankYouVeterans

Congratulations to Nanoramic Laboratories on its' 40,000 SF R&D facility at 10 Commerce Way in Woburn! The deep technology ecosystem continues to scale locally. Infrastructure ready facility to accelerate Nanoramic's battery technology and future team expansion. Thank you to David Thomann for your partnership and the team at Nanoramic for the opportunity. https://lnkd.in/drCmWkWQ

Congratulations to Veeva Systems on doubling their footprint at 100 Summer Street! The Steele Group and Anchor Advisors is proud to represent Veeva on this important project. Despite no 'return-to-office' mandate, Veeva continues to invest in their people through leveraging the power of workplace. https://lnkd.in/evj_-DZF

?? The turnout for our first ever Tough Tech Week was absolutely incredible! ?? With presenting sponsor JPMorgan Innovation Economy, Tough Tech Week was five days of action and connection between Massachusetts’ toughest minds in science and technology, all working on solving the most challenging problems facing our society and planet.?Our flagship event, the Tough Tech Summit, brought more than 1,000 participants from the Tough Tech ecosystem together this year - special thanks to our co-hosts?Engine Ventures. Throughout the week, attendees met policy makers, founders, investors, corporate leaders, and learned about opportunities for growth in cities across the Commonwealth–while having quite a bit of fun. ?? By the numbers: ? 3,298 founders and innovators ? 295 VCs and investors ? 46 government and policy stakeholders ? 26 events across Boston and Cambridge? ? Countless connections made that will shape the future of Tough Tech ?? Thank you to all our speakers, participants, co-hosts and partners who made Tough Tech Week vibrate with energy. It’s impossible to feel anything but optimistic about the future when surrounded by this community’s collective dedication to solving our toughest problems. ?? Missed the action? Watch the full video recap: https://lnkd.in/e5pJecFR Follow us to stay updated on Tough Tech Week 2025 – you won't want to miss what's next! #ToughTech #TeamMA JPMorgan Chase Commercial Banking

What an amazing 1st day of the 1st ever #ToughTech Week! ?? We kicked off with a Tough Tech investment panel (and some data-driven myth-busting!) at ven^x — Thank you SkyRiver Ventures, Myriad Venture Partners, Anzu Partners, Hitachi Ventures, Hyuk-Jeen Suh, John Ho, and The Steele Group for hosting! Followed by HSBC Innovation Banking's session at The Engine Accelerator on Financing First of a Kind Projects and how to use equity, debt, and non-dilutive / government financing to build for scale in Tough Tech. It was standing room only to hear Charlotte Beard, CFO of Form Energy; Danielle Colson Rapson, COO of Mantel; Colleen Calhoun, Operating Partner of Engine Ventures; Derek Warnick, CFO of Electric Hydrogen; and Adam Wallen from the U.S. Department of Energy (DOE) Loans Program Office. Thanks to HSBC's Austin Badger and Matt Perlow for facilitating these great conversations. We concluded the day with a kickoff party hosted by GE Vernova featuring GEV President, Jessica Uhl and J.P. Morgan's Head of Climate Tech, Kelly Belcher. The night rounded out with rallying remarks from MA Secretary of Economic Development, Yvonne Hao. It was a great day to be #TeamMA! Day 2, here we goooo! See many of you at the #ToughTech Summit co-hosted by Engine Ventures! ??

Join us on Monday, 10/7, at #ToughTech Week to learn about ven^x, the first deep tech venture capital hub. We’ll discuss our mission, showcase a panel on?investing in Tough Tech VC funds and provide an opportunity to connect with others in the community. Don’t miss the chance to be part of deep tech future. We're thrilled to partner with The Engine Accelerator to kick off the first annual #ToughTech Week! Register now: https://lu.ma/j2ad2r6s #DeepTech #ToughTech #Boston #BostonTech #VentureCapital