Ava Stern's experience in publishing, corporate finance, financial communications, economic development and new business development spans more than 30 years, and includes the founding of a women's business magazine, a financial agency specializing in IPOs, and a senior housing/retirement community development company.
Initiating her career at The New York Times, Ava Stern thereafter was the founder, Editor and Publisher of Enterprising Women, a monthly business publication, and also was Founding President of the New York Association of Women Business Owners. She was an appointee to the New York City Economic Development Committee, the President's Council on Small Business, and the federal Commission on Women's Business Enterprise.
Subsequently Ava Stern proceeded to arrange several private financings and joint ventures in cable television and educational software. She then launched and built to 20 employees a full-service corporate and financial communications agency in New York City with annual revenues of $2.5 million, and developed a multi-media system for marketing Initial Public Offerings that was used successfully with more than 45 IPOs representing over $1 billion in securities with several major Wall Street investment banking firms.
Through the 1990's Ms. Stern developed and directed investor and analyst relations and corporate communications programs from IPO through the first year of annual and quarterly reports for numerous emerging growth companies, as well as corporate marketing communications for several banks and multi-national corporations. Ava Stern also was a Managing Director and Senior Vice President of The Financial Relations Board/BSMG Worldwide, where she grew a corporate/financial division from $200,000 to $2 million in revenues in 18 months.
Most recently Ms. Stern was a founding Principal and Executive Vice President of a new company building alternative resort/retirement communities, where she was involved in development, construction, programming and finance, and for which she arranged complicated financings consisting of: a $24 million construction loan with local and international banks, placement of $4 million in private equity and $4 million mezzanine financing for the first project; as well as arranging $6 million private subordinated debt and an $8 million development loan for the company's second project.