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Unlocking Revenue Opportunities with ERTC: A Conversation with Zack Richner
Manage episode 407441720 series 3560277
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Zack Richner, founder of Easy Tax Credits and third-generation community newspaper owner, demystifies the Employee Retention Tax Credit (ERTC) and its potential benefits for news organizations. Zack explains how his company assists businesses, including newspapers, in applying for the ERTC, and how this process can generate substantial referral revenue. The discussion delves into the specifics of the tax credit, the application timeframe, and the overall benefits for newsrooms.
Episode chapters:
(02:03) - ERTC program for newsrooms and Zack’s newspaper background
(04:56) - How ERTC works
(09:24) - Newsroom success in generating revenue by helping local businesses
(12:46) - How newsrooms are promoting program, what types of communities have seen success, and timeframes
(16:43) - How to sign up
Links:Bio:
Zachary Richner is the Founder and Managing Partner of Arrandale Ventures, a mission-driven, strategic venture capital firm that is creating a truly innovative and sustainable business model for local media companies. Now more than ever, it is critical for the health of our democracy to have an independent and vibrant free press. Zack has successfully invested in startups through his family’s three-generation media firm, Richner Communications, Inc. (RCI), which is one of the largest local content providers in New York State. By leveraging RCI’s core competencies—trusted community relationships with consumers and businesses—he has generated outsize returns on these investments through a uniquely accretive performance equity model. Zack further honed his venture investing skills at Fifth Wall Ventures, where he not only evaluated early-stage companies but also developed strategy for new funds. Zack has been repeatedly recognized at the national and local levels for his leadership growing and scaling nascent organizations in innovative ways. He has spent extensive time in high-profile public sector roles, including serving in the White House Office of the Chief of Staff, working as director of the $1 billion NY Rising Community Reconstruction Program and managing the largest state budget in campaign history as Ohio Budget Director for the Obama 2012 campaign. A graduate of Harvard College, Zack received an MBA from Northwestern University - Kellogg School of Management and an MS Design Innovation from Northwestern University - McCormick School of Engineering. He is a NEXUS Global delegate and serves on the Kellogg Admissions Leadership Council.
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