All aboard

TxDOT asks Houstonians for input on rail projects

If you have an opinion about trains, here's your chance. Rendering courtesy of Texas Central

The Texas Department of Transportation is updating a document called the Texas Rail Plan and is seeking input from the public.

The update is designed to reflect the latest rail project priorities and fulfill eligibility requirements for federal funding. Federal requirements say that states' rail plans must be updated every four years to establish policy, priorities, and implementation strategies for freight and passenger rail in the state.

The Texas Rail Plan includes a list of current and future rail projects, which are also depicted on a map. The plan keeps inventory of all rail lines; analyzes rail service goals and contributions to the economy; catalogs and assesses potential infrastructure projects; and examines finance strategies.

The update project began in summer 2018. Meetings of stakeholders were held, and now there's an opportunity for public input. (Stakeholders include citizens, neighboring states, public agencies, and the private rail industry.)

There'll be another round of meetings in the spring, and then the updated plan will be released in summer 2019.

TxDOT hosted a public meeting on December 11, when it presented the update and asked for public questions and input. After that meeting, they extended their deadline for comments to March 1, 2019.

As for now, the public can review and provide input on the plan via this website which explains the history of the Rail Plan and some of the reasons why an update is being done.

There's a survey and online form to submit public comments until January 8, 2019.

If you feel equipped to answer 10 questions such as, "What could be done in Texas to improve freight rail access, promote economic development, and enhance the state's competitiveness in national markets and the global marketplace?" — then this survey should be right up your alley. (Although it should be noted that the hardest questions are first and they get easier as you go along. Also, it's multiple choice.)

These options provide an opportunity for the public to comment on all rail-related issues in Texas, both freight and passenger, as well as existing and future projects and programs.

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This story originally appeared on CultureMap.

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Building Houston

 
 

Kelly Avant, investment associate at Houston-based Mercury Fund, shares how and why she made her way into the venture capital arena. Photo courtesy of Mercury

Kelly Avant didn't exactly pave a linear career path for herself. After majoring in gender studies, volunteering in the Peace Corps, and even attending law school — she identified a way to make a bigger impact: venture capital.

"VC is an awesome way to shape the future in a more positive way because you literally get to wire money to the most innovative thinkers, who are building solutions to the world’s problems," Avant tells InnovationMap.

Avant joined the Mercury Fund team last year as an MBA associate before joining full time as investment associate. Now, after completing her MBA from Rice University this month, Avant tells InnovationMap why she's excited about this new career in investment in a Q&A.

InnovationMap: From law school and the peace corps, what drew you to start a career in the VC world?

Kelly Avant: I graduated from Rice University with an MBA, starting scouting for an investment firm in my first year, and by the summer after my first year I was essentially working full-time interning with Mercury. But, I like to tell people about my undergraduate degree in gender studies and rhetoric from a little ski college in Colorado. If you meet someone else in venture capital with a degree in gender studies, please connect us, but I think I might be the only one. I’ll spare you what I used to think — and say — about business students, but I have really come full circle.

I always thought I would work in a nonprofit space, but after serving in Cambodia with the Peace Corps, working for the National Domestic Violence Hotline, and briefly attending Emory Law School with the intention of becoming a civil rights lawyer.I found that time and time again the root of the problem was a lack of resources. The world’s problems were not going to be solved with my idealism alone.

The problem with operating as a nonprofit in a capitalism is you basically always pandering to the interests of the donors. The NFL was a key sponsor of The National Domestic Violence Hotline. The United States has a complicated, to put it lightly, relationship with Cambodia and Vietnam. It became pretty clear that the donor/nonprofit relationship was oftentimes putting the wrong party in the driver’s seat. I was, and still am, very interested in alternative financing for nonprofits. I became convinced that the most exciting businesses were building solutions to the world’s problems while also turning a profit, which allows them to survive to have a sustainable positive impact.

VC is an awesome way to shape the future in a more positive way because you literally get to wire money to the most innovative thinkers, who are building solutions to the world’s problems.

IM: What are some companies you’re excited about?

KA: There are a couple super interesting founders I’ve met directly engaging with . To name a few: CiviTech, DonateStock, and Polco.

I’m very proud to work on mercury investments like Houston’s own, Topl, which has built an extremely lightweight and energy efficient Blockchain that enables tracking of ethical supply chains from the initial interaction.
I’m also excited about mercury’s investment in Zirtue, which enables relationship based peer to peer lending to solve the massive problem of predatory payday loans.

We have so many awesome founders in our portfolio. The best part about working in VC is meeting passionate innovators every day. I get excited to go to work everyday and help them to build better solutions.

IM: Why are you so passionate about bringing diversity and inclusion into Mercury?

KA: I love working with exciting, highly capable, super smart people. That category includes so many people who have been historically excluded. As an investment team member at Mercury, I do have a voice, and I have an obligation to use that voice to speak highly of the best people in rooms of influence.

IM: With your new role, what are you most focused on?

KA: In my new role, I am identifying and researching high potential investments. We’re building out a Mercury educational series to lift the veil of VC. We want to facilitate a series that gives all founders the basic skills to pass VC due diligence and have the opportunity to build the next innovative companies. My goal is ultimately to produce the best returns possible for our investors, and we can’t accomplish that goal unless we’re building out resources to meet the best founders and help them grow.

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This conversation has been edited for brevity and clarity.

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