Loans – Pro Impex http://proimpex.info/ Mon, 03 May 2021 02:59:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://proimpex.info/wp-content/uploads/2021/04/default1-150x150.png Loans – Pro Impex http://proimpex.info/ 32 32 Recognize the bank: Advisor market ‘absolutely critical’ to success of £ 250million loan target https://proimpex.info/recognize-the-bank-advisor-market-absolutely-critical-to-success-of-250million-loan-target/ https://proimpex.info/recognize-the-bank-advisor-market-absolutely-critical-to-success-of-250million-loan-target/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/recognize-the-bank-advisor-market-absolutely-critical-to-success-of-250million-loan-target/ Recognize Bank confirmed that it was on track to launch its buy-lease business proposition early in the second quarter and said the mid-market would be “absolutely critical” to its success. The newly licensed bank has set out more of its broader strategic plans which include an “ambitious but realistic target” of building a £ 250million […]]]>

Recognize Bank confirmed that it was on track to launch its buy-lease business proposition early in the second quarter and said the mid-market would be “absolutely critical” to its success.

The newly licensed bank has set out more of its broader strategic plans which include an “ambitious but realistic target” of building a £ 250million loan portfolio by the end of next fiscal year.

The lender will set up a series of regional centers across the country as the lender seeks to connect with borrowers and brokers in these areas.

Its London headquarters will be joined by regional posts in Manchester, Birmingham and Leeds with other hubs around Bristol, Milton Keynes, the East Midlands and Newcastle to follow.

Recognize, which is part of the City of London group, obtained a banking license in November and has already launched its bridging and business loan offerings with a focus on the SME sector.

Speaking to Specialist Lending Solutions, CEO Jason Oakley said, “We understand the absolutely critical role of intermediaries in the market.

“Because of skills denial, you can’t walk into a bank branch and have a meaningful conversation about a rental purchase or a commercial real estate loan.

“That skill set disappeared, so the middle market became the first port of call.”

The bank has already started working with 40 brokers and has recruited 16 since November to start a steady flow of business, but Oakley admits this is only scratching the surface and will continue to develop contacts once clearance ends. and the opening of hub centers.

Since the commercially-owned product launched in November, Oakley has been overwhelmed with the response.

“We had a certain level of expectation for the approaches and we completely wiped it out,” he said.

“The demand has been high, the quality of the proposed borrower has been better, and the ticket size has been larger than expected – so we’re seeing bigger and more established clients.”

Relationship-driven business

Recognize adopts a borrower-centric pricing and relationship model, in which it will consider transactions based primarily on the borrower’s capacity, support, and history.

This means that he usually looks for more complex transactions or those where he can add the most value, rather than focusing on volume lending.

“The premise of our approach is that we are sponsored by sponsors, so the borrower means everything to us,” Oakley continued.

“Some lenders may have an industry or a regional focus, but ours is the client and their insight, their personal net worth, their track record.

“Our bridging deals are incredibly diverse – yes, residential investment because it’s the most liquid, but all lenders are looking at it – we’ll be looking at the weirder and the things with wrinkles that need to be structured.

£ 250 million per year

A similar approach is in place for its commercial real estate loans which will consider loans between £ 100,000 and £ 5million with a loan at maximum value (LTV) of 75% to a maximum of £ 2.5million. sterling and 70% for larger loans.

And the purchase-to-lease proposal will follow the same path once launched.

“It will be a professional buy-lease product, not a volume-based product. I want to build relationships, so I tend to pick the more complex end where they have a bigger portfolio and more complex needs, ”Oakley said.

“If it’s four investment properties, I’m not going to add value to it and they can get cheaper rates elsewhere. I add value when I can review a portfolio and help restructure it with more personalized solutions. “

Oakley and his team are ambitious for the bank and aim for a loan portfolio of £ 250million by March 2022, and then £ 250-350million of net balance growth per year in the future. .

“By the fifth year, the goal is to have a loan portfolio of £ 1.4 billion. You will see a bias towards medium-term loans with business loans, commercial real estate loans, and practice loans, ”Oakley concluded.

Owain Thomas is Editor-in-Chief and Editor-in-Chief of Mortgage Solutions and Editor-in-Chief of Specialist Lending Solutions. He also has experience in the areas of protection, pensions, benefits and human resources. Owain has won two Headline Money awards and the Protection Review Journalist of the Year award.

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Duterte calls for calm in the deadlock of Chinese boats | The Lawyer – Hepburn https://proimpex.info/duterte-calls-for-calm-in-the-deadlock-of-chinese-boats-the-lawyer-hepburn/ https://proimpex.info/duterte-calls-for-calm-in-the-deadlock-of-chinese-boats-the-lawyer-hepburn/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/duterte-calls-for-calm-in-the-deadlock-of-chinese-boats-the-lawyer-hepburn/ Philippine President Rodrigo Duterte has pledged to peacefully resolve a diplomatic row with China over the disputed South China Sea, his spokesman said, in a measured response after days of loud reprimands from his ministers and generals. The continued presence inside the Philippines’ exclusive economic zone of hundreds of Chinese ships which it says are […]]]>

Philippine President Rodrigo Duterte has pledged to peacefully resolve a diplomatic row with China over the disputed South China Sea, his spokesman said, in a measured response after days of loud reprimands from his ministers and generals.

The continued presence inside the Philippines’ exclusive economic zone of hundreds of Chinese ships which it says are occupied by militias has frustrated Manila and raised concern among the US ally, among others.

“We will continue to resolve Julian Felipe’s problems through diplomatic and peaceful means,” said a statement from Duterte read by his spokesman Harry Roque on Tuesday.

China argued that Whitsun Reef, known as Julian Felipe Reef in the Philippines, was a traditional fishing spot where its vessels sought shelter from inclement weather.

The weakening of the Philippine response comes a day after its foreign ministry said it would protest daily if China refuses to remove ships that “flagrantly violate” the sovereign rights of the Philippines. Duterte’s legal adviser warned of “unwanted hostilities”.

Defying public opinion, Duterte sought to build an alliance with China and was reluctant to confront its rulers, having been promised billions of dollars in loans and investments, much of which did not materialize. still materialized.

He repeatedly said that the Philippines was powerless to prevent China from occupying territories and that questioning its activities would risk provoking a war that his country would lose.

In Duterte’s statement, he said the differences in the South China Sea would not be an obstacle to friendly relations and cooperation in the response to the pandemic, including vaccines and economic recovery.

The Philippines has one of the worst COVID-19 epidemics in Asia, but has struggled to obtain vaccines.

It bought 25 million doses of vaccines from Chinese Sinovac.

Australian Associated Press

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Argentum urges members to include older people living in provider relief funds – News https://proimpex.info/argentum-urges-members-to-include-older-people-living-in-provider-relief-funds-news/ https://proimpex.info/argentum-urges-members-to-include-older-people-living-in-provider-relief-funds-news/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/argentum-urges-members-to-include-older-people-living-in-provider-relief-funds-news/ Senior residential operators are urged to contact their senators to support the allocation of Provider Relief Fund resources to industry, an opportunity that will end this Friday, according to Argentum. In his March policy brief on Wednesday, the industry advocate highlighted various efforts to help secure federal funding for an industry that has been burdened […]]]>

Senior residential operators are urged to contact their senators to support the allocation of Provider Relief Fund resources to industry, an opportunity that will end this Friday, according to Argentum.

In his March policy brief on Wednesday, the industry advocate highlighted various efforts to help secure federal funding for an industry that has been burdened with spending and debt from a pandemic. His most urgent request is that members contact and encourage their state senators to sign a letter written by the senses. Kyrsten Sinema (D-AZ) and Susan Collins (R-ME). Senators called on the Biden administration to provide a “fair and equitable allocation” of the remaining $ 23 billion in relief funds from providers to assisted living operators who have so far received relatively little relief.

Operators were faced with an estimate $ 15 billion in losses while paying for overtime, hero pay, personal protective equipment, new staff and ramped up cleanup due to the pandemic, Maggie Elehwany, senior vice president of public affairs at Argentum, said during from Wednesday’s conference call. An earlier amendment to the US bailout was proposed by Argentum in an attempt to ensure industry inclusion, but failed to make it the final draft.

But efforts to push the amendment forward have put the elderly life and long-term care sector as a whole on the administration’s radar, Elehwany added.

Argentum recommends that members capitalize on this effort by reaching out not only to their delegates, but also to the media with two key messages: more than half of assisted living providers are working at a loss; and fully 56% plan to close over the next year, which could force older people out of their homes and unemployed caregivers.

“We can have a lot of meetings and make a compelling case, but until they hear from you, only then do they take action,” Elehwany told members. A cover letter from the Maison is forthcoming.

Meanwhile, for those who have been approved for Provider Relief Fund funds, disbursements remain “woefully slow and insufficient,” according to Argentum. Based on data from October, the organization estimates that nearly 90% of elderly service providers have applied for funds and more than 80% have been approved, but less than half have received their payments in because of a backlog.

But there is some good news related to payment status requests, said Paul Williams, vice president of government relations for Argentum. Complaints handling activity has intensified and suppliers can expect more detailed responses, he said. The organization has provided a link to payment status request forms which can be completed and returned to Argentum, which it will then submit on behalf of the providers.

Argentum is also working with the Small Business Administration to restore vendor access to Paycheck Protection Program, or PPP, Second Draw Loans. The program, which was due to expire on March 31, now expires June 30, and applications close May 31. Many small vendors were eligible for the initial loans but are no longer eligible, Elehwany said. There is a signature letter regarding this effort that members can support, Argentum policy advocates have said. Representatives Lori Trahan (D-MA) and Anthony Gonzalez (R-OH) call on the SBA to establish emergency rules to allow access to loans to previously eligible elderly communities and nursing homes. 32 members of Congress co-signed the letter.

Infrastructure receives a much needed boost

Argentum praises Wednesday’s announcement by the Biden administration of a sweeping infrastructure plan this includes significant investments in care for the elderly. Among other things, the plan sets aside $ 100 billion to provide broadband access to all Americans, an investment encouraged by advocates for the elderly. Improved telehealth, telepsychology and family interaction are essential to the continued viability of older people, the organization said.

The infrastructure package, which is the first phase of the president’s US employment plan, also includes $ 400 billion to expand access to care for the elderly and people with disabilities and to improve compensation. and caregiver benefits.

“Elderly service providers have been largely left behind in Provider Relief Fund disbursements and the American Rescue Plan Act, so this financial investment in their future and that of the elderly and caregivers is greater. important than ever, ”said James Balda, President and CEO of Argentum. said in an end-of-day statement after Biden’s announcement.

“Without this essential support, suppliers will be forced to make even more difficult decisions on how to continue operations after overcoming the pandemic, leaving a huge financial burden on taxpayers,” he added.

Argentum also lobbied for financial support for retrofitting energy efficient facilities and mitigating infections to improve air and water purification. The latter would ideally include filtration systems, non-contact devices, HVAC systems and the expansion of indoor and outdoor spaces to prevent the spread of infectious diseases, he said. More details on what exactly the administration’s new investments will support are expected to be detailed in the coming months, according to the reports.

Reopening essential for recovery

One of the keys to post-pandemic operator recovery is the widespread reopening of facilities, Argentum policy advocates added. The organization is working with the Centers for Disease Control and Prevention to help draft reopening guidelines specific to assisted living communities. He calls for focusing on group meals and social events, Williams said.

Other Argentum priorities outlined in the March briefing included creating an Independent Living Stabilization Fund, similar to the $ 28.6 billion Restaurant Revitalization Fund; work more with States on operator liability guarantees; and ensuring the industry remains a priority for COVID-19 vaccinations in the future.

Argentum also told members to remain vigilant about upcoming legislation. Expect an “assault” of new federal regulations, with a focus on the number of COVID-19 deaths in 2020 and the Democrats in charge of the House and Senate, Elehwany said. Bills such as the Assisted Living Coronavirus Reporting Act, which requires states to meet reporting requirements to qualify for future COVID-19 response funds, is just one example of what is likely to happen, they said.

Encouraging the Biden administration to release Provider Relief Fund funds for operators of retirement homes is also a goal of the American Seniors Housing Association, which holds its annual fly-in this week. Politico noted that the association’s outreach will include meetings with more than 40 House and Senate offices, including leaders from both chambers of Congress as well as members of the Senate finance and health, education committees, Work and Pensions of the Senate and the Chamber of Energy and Commerce; and of the Chamber’s Ways and Means Committees.

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Utah’s fossil fuel industry benefits from new mining royalty law, advocates say https://proimpex.info/utahs-fossil-fuel-industry-benefits-from-new-mining-royalty-law-advocates-say/ https://proimpex.info/utahs-fossil-fuel-industry-benefits-from-new-mining-royalty-law-advocates-say/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/utahs-fossil-fuel-industry-benefits-from-new-mining-royalty-law-advocates-say/ Last year, auditors warned that a fund set up to benefit rural Utah communities was actually pumping money into projects that could increase the cost of mining in those areas. But many fear that instead of trying to change those practices, state lawmakers have acted this year to validate them by lifting legal constraints on […]]]>

Last year, auditors warned that a fund set up to benefit rural Utah communities was actually pumping money into projects that could increase the cost of mining in those areas.

But many fear that instead of trying to change those practices, state lawmakers have acted this year to validate them by lifting legal constraints on the use of millions of federal revenues to subsidize the expansion of oil production. and other extraction efforts.

Changes adopted by state legislators SB176 would deprive affected communities of fossil fuels and essentially convert the Permanent Community Impact Fund into “a state-backed piggy bank for these industries,” one conservationist said earlier this year. On top of that, opponents of the bill recently signed by Governor Spencer Cox say it could have implications for a ongoing legal battle for $ 28 million grant to study railroad project for waxy crude oil from the Uinta Basin.

The state senator who sponsored the bill described it as an innocuous clarification he made at the request of state officials and the Community Impact Fund Standing Committee, which oversees royalties. mining companies and is commonly known as CIB.

“We’re not trying to change anything,” Senator Ron Winterton said during a committee hearing on SB176. “It is a very simple bill.”

However, the bill removes language that designates money from federal mining royalties for “the mitigation of social, economic and public finance impacts resulting from the exploitation of natural resources.” And some rural officials and environmentalists say small changes remove the legal guarantee that funds should go to ambulances, fire trucks, parks and trails, water pipes and municipal buildings in affected communities. mineral extraction.

Officials from the Department of Workforce Services, CIB’s parent agency, say the intention of the bill is to give board members clear parameters on how to allocate grants and loans from the fund, which distributed $ 77 million from July 2019 to June 2020. To that end, the legislation attempts to better define the planning and public service initiatives that BIC money can support, they say.

They say they do not understand that the bill opens the door to more mineral extraction.

(Rick Egan | Tribune File Photo) Senator Ronald Winterton, R-Roosevelt, speaks on a bill at the Senate Health and Social Services Committee on Thursday, February 18, 2021.

To approach or ignore an audit?

The audit completed last year concluded that in several major cases, funds administered by the CIB appeared to be towards economic development efforts or offer low-interest loans for the benefit of the private sector.

One example was the council’s decision in 2019 to funnel $ 28 million to a coalition of rural counties for planning a Uinta’s controversial 80-mile railway line Pool Trails at Union Pacific at Price Canyon. Supporters of the railroad, a group that includes Winterton, say the line would allow a surge in energy development by connecting the basin to the national rail network and allowing producers to transport oil to refineries without the limitations of trucking.

The proponents also argue that the project qualifies for IPC assistance as it would benefit the surrounding community by adding job opportunities in a location that is badly needed.

“This will create hundreds and thousands of jobs,” said Mike McKee, executive director of the Seven County Infrastructure Coalition, the interlocal entity trying to develop the rail link. “In the Uinta basin and in our other regions, our businesses and our people are in difficulty.”

Environmental groups allege the railroad subsidy violates the law and have gone to court to force CIB to return the money to the fund.

“This money is intended to help repair the damage done by the fossil fuel industry, not to subsidize it,” said Wendy Park, an attorney at the Center for Biological Diversity, one of the groups that filed the lawsuit. .

Auditors also focused on the roughly $ 60 million in loans and grants made for the construction of Seep Ridge Road in an area dotted with oil and gas wells and a $ 9 million grant for improvements. of Leland Bench Road which could accommodate large industrial trucks. Both projects were in Uintah County.

Challenging funding decisions in these cases, legislative auditors pointed out that state law set aside money for the IPC to mitigate community impacts of fossil fuel development – referring to the very language of the Winterton’s proposal had deleted.

The state senator said the removal was the job of the legislative attorney who drafted his bill and that he would have been willing to leave that language untouched. He also asserts that most of the audit recommendations have already been implemented by the IBC without the need for legislative action.

For Winterton, the road expansion and railway assessment efforts would fulfill the traditional mission of CIB funds by moving heavy trucks away from community roads and improving the lines of communication that serve everyone, from the mining industry to public school buses.

A former Duchesne County Commissioner, Winterton is employed as a customer relations consultant by the coalition’s benchmark engineering firm working on the railway project. He sponsored failed legislation last year that would have given huge tax relief to oil and gas companies in a move to increase production – which is considered necessary to make the railway economically feasible.

With supporters of the Uinta Basin Line believing the project will nearly quadruple oil production, Park said there was no way around the fact that the rail link would dramatically exacerbate the impact of extraction. of oil rather than improving it as suggested by the supporters of the project.

And opponents of SB176 also argue that the measure would only exacerbate the problems identified by the audit, as it not only removes language on mitigating impacts on the community, but also specifies that IPC money may fund studies on “natural resource development”.

“Rather than fixing this problem in the future, the legislation is simply trying to legalize this outrageous practice,” Grand County Commissioner Sarah Stock told state lawmakers earlier this year.

Other local leaders supported the bill as a way to strengthen a program that serves as a lifeline for their communities.

“In Duchesne County, with 63% of our county owned by the federal or state government,” said Commissioner Greg Miles, “we rely on mine lease funds for important purposes like planning.”

To those who argue that this money should not stimulate the industry, he said, “Show me an IPC project which has been granted and which cannot be misinterpreted as economic development.”

(Brian Maffly | Photo from the Tribune) An oil jack extracts crude from a well in Lake County, Duchesne County.

Who benefits?

Winterton acknowledges that his bill gives a legislative nod to the exploitation of IPC funding for projects such as railroad or road improvements highlighted by the audit. But that won’t make much of a difference when the board already supports these kinds of initiatives, he said.

“The money will continue to be used the way it has,” said Republican Roosevelt, who served at CIB, in an interview. “[SB176] only gives the board an understanding of what will be appropriate and what will not. “

This interpretation of the CIB fund’s goal flies in the face of the intent of state and federal lawmakers over the years, Park argues.

Utah’s law mirrored the Federal Mineral Leasing Act, which states that royalties should go to local governments “socially or economically affected” by the mining activity. And the Utah Attorney General’s Office argued that these federal restrictions would prohibit the CIB from citing only economic development to justify the granting of funds, although job creation may be a welcome side effect of a project.

Congress saw this money as a way to protect communities from the “boom and bust cycles” that often accompany mineral extraction and to strengthen police, public health services and government facilities in these areas. the office’s lawyers wrote in a 1993 notice.

Park expects promoters of the rail line to cite SB176, which is retroactive, as they attempt to push back his group’s lawsuit challenging the CIB grant for the Uinta Basin Railway – but she believes that in itself could create an opportunity to mitigate the impact of the new state law. As it asks a judge to overturn the grant, the Center for Biological Diversity will likely argue that even the revised state statute should be read in light of federal rules that prioritize mitigation projects, a she declared.

Eric Johnson, another representative of the Seven County Infrastructure Coalition who testified for the Winterton bill, said its retroactive clause would add a layer of protection for past IPC disbursements, including those reported by auditors.

“The retroactivity is there because there were a lot of projects that were called into question, and there are a lot more that could be called into question,” he said. “And you just want to ratify the things that have been done.”

Carly Ferro, who heads the Utah chapter of the Sierra Club, said relaxing legal controls over the IPC was the wrong answer to last year’s audit calling for process improvements. His plan for moving forward is to work with the governor’s office on reforms that will ensure that federal mining revenues end up benefiting the rural Utahns, not the energy industry.

“Our goal is to really make sure that rural communities receive the support and investment that can enable them to have healthy communities and healthy environments, ”she said,“ so that they can not only sustain and endure, but also thrive.

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Finalists Announced for $ 250,000 New Arizona Prize: Home Safety Challenge https://proimpex.info/finalists-announced-for-250000-new-arizona-prize-home-safety-challenge/ https://proimpex.info/finalists-announced-for-250000-new-arizona-prize-home-safety-challenge/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/finalists-announced-for-250000-new-arizona-prize-home-safety-challenge/ Audible stories brought to you by Prescott Valley’s new print voice, TG Magazine. The Arizona Community Foundation, Republic Media and ASU’s Morrison Institute for Public Policy are pleased to announce the five finalists for the Housing Security Challenge, the fourth philanthropic competition offered under the New Arizona Prize banner. A total of 13 teams met […]]]>
Audible stories brought to you by Prescott Valley’s new print voice, TG Magazine.

The Arizona Community Foundation, Republic Media and ASU’s Morrison Institute for Public Policy are pleased to announce the five finalists for the Housing Security Challenge, the fourth philanthropic competition offered under the New Arizona Prize banner.

A total of 13 teams met the deadline to submit projects for review by the eight-member evaluation committee, and five teams scored high enough to qualify as finalists. These finalists will present their solutions and compete for the $ 250,000 grant at the finalists presentation and awards ceremony, which will take place virtually on Wednesday, May 26 from 4 pm to 6 pm Arizona time.

The Housing Security Challenge has solicited proposals that address the lack of affordable and stable housing in Arizona. But unlike traditional projects focused on building new housing units, the prize competition requires applicants to develop solutions rooted in support services related to racial inequality, economic and physical mobility, social work, public health and education.

The five finalists represent a number of organizations and community partners, many of whom have joined forces to deliver collaborative and innovative solutions.

Team: Chicanos Por La Causa
Project: The eviction crisis – Protecting people, saving homes

Chicanos Por La Causa will partner with the Arizona Housing Coalition and the Corporation for Supportive Housing to alleviate the housing crisis by: 1) piloting a direct service model for tenants at imminent risk of eviction, 2) ensuring a state-wide coordination with stakeholders, guided by those of lived experience, and 3) advocacy to reform systems.

Team: Our Family Services, Inc.
Project: Bridging the Gap: Secure Housing After Homelessness Grant

Those who have survived homelessness and completed a housing program come out in a financially precarious position in a post-COVID world. This team proposes to give 25 households an unconditional grant of $ 500 per month for one year, allowing them to build their own foundations for long-term stability.

Team: Tempe Community Action Agency
Project: The East Valley Seniors Home Sharing Program (SHS)

Maricopa County is going through a crisis of homelessness among the elderly. The East Valley Seniors Home Sharing Program is putting an end to this crisis. Seniors at risk of homelessness are matched with roommates and share the cost of housing, companionship and responsibilities. A range of comprehensive services will promote permanent housing, independent living and save lives.

Team: Trellis
Project: Community Voices: Resident-Led Solutions for Housing Stability

Without a home, a person is lost. Without stable housing, communities are rocked by the storm. The Community Voices Coalition of seven community partners seeks to invest in residents – to develop leaders who don’t just sit at the table, but ARE the table – who identify their community’s strengths and challenges, define solutions and advocate for action.

Team: UMOM New Day Centers, Inc.
Project: Incentive partnership pilot project with owners for sustainable affordable housing

Affordable housing is scarce, the homelessness system is overflowing, and landlords hold the keys – literally – to housing security. As fear, unfair practices and a global pandemic deepen the divide, UMOM believes that direct education and rental incentives will open doors for the most vulnerable members of our community.

To see team videos and learn more about the finalists, visit housingsecuritychallenge.org.

The New Arizona Prize aims to create the Arizona of tomorrow: a state where innovation thrives, where ingenuity is fueled, and where the best ideas are used to create positive, long-term solutions to enduring needs. While continuing to provide community grants, scholarships and loans that exceeded $ 150 million in its most recent fiscal year, the Arizona Community Foundation is committed to holding philanthropic award competitions designed to attract new reflections and innovations. Through these open, fair and transparent competitions, ACF, in partnership with Republic Media and the Morrison Institute for Public Policy, deploys part of its philanthropic resources to generate innovative solutions to the challenges of our State.

Established in 1978, the Arizona Community Foundation is a family of statewide charitable funds supported by thousands of Arizonans. With five regional offices serving communities across Arizona, ACF is among the top 25 community foundations in the country with more than $ 1 billion in trust and endowment assets, and is certified to National Standards for Community Foundations. American. Since its inception, ACF and its affiliates have awarded more than $ 1 billion in grants, scholarships and loans to non-profit organizations, schools and government agencies. More information is available at azfoundation.org.

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Jobs, consumer credit, Levi Strauss wins https://proimpex.info/jobs-consumer-credit-levi-strauss-wins/ https://proimpex.info/jobs-consumer-credit-levi-strauss-wins/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/jobs-consumer-credit-levi-strauss-wins/ A look at some of the key trade events and economic indicators coming up this week: The Department of Labor published a monthly overview of job openings in the United States on Tuesday. Economists predict that the number of available jobs fell slightly in February to around 6.9 million from 6.92 million the previous month. […]]]>

A look at some of the key trade events and economic indicators coming up this week:

The Department of Labor published a monthly overview of job openings in the United States on Tuesday.

Economists predict that the number of available jobs fell slightly in February to around 6.9 million from 6.92 million the previous month. Despite signs that the economy is recovering a year after the outbreak of the viral epidemic, the number of monthly job vacancies nationwide remains below the pre-pandemic level of at least 7 million.

JOLTS jobs, in millions, per month:

September 6.61

October 6.87

November 6.77


December 6.75

January 6.92

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Planning Commission delays decision on southwest industrial issue https://proimpex.info/planning-commission-delays-decision-on-southwest-industrial-issue/ https://proimpex.info/planning-commission-delays-decision-on-southwest-industrial-issue/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/planning-commission-delays-decision-on-southwest-industrial-issue/ Update of 07/04/2021, 6.30 p.m: While the issue of rezoning a light industrial area in southwest Fresno was on the agenda, the Planning Commission voted in favor of the postponement with a 5-0 vote. Will Tackett, of the planning department, said his staff had not had the opportunity to analyze three letters received yesterday. The […]]]>

Update of 07/04/2021, 6.30 p.m:

While the issue of rezoning a light industrial area in southwest Fresno was on the agenda, the Planning Commission voted in favor of the postponement with a 5-0 vote.

Will Tackett, of the planning department, said his staff had not had the opportunity to analyze three letters received yesterday. The letters came from two state agencies, the Strategic growth advice, California Air Resources Council, and the Wester Center on Law and Poverty. All opposed the rezone.

There is no specific date the item can be returned. This is the third time that the commission has delayed the hearing of the potential rezone.

The next Planning Commission meeting will take place on April 21.

Original story:

Industry interests claim the city of Fresno got it wrong when authorities rezoned a 93-acre area in southwest Fresno. Neighborhood advocates disagree and are fighting to keep the zoning change in place.

the The Fresno Planning Commission will hear on both sides tonight and decide if you want to change the zoning of the area bounded by Hwy 41 and Elm Avenue between Vine and Chester / Samson avenues, from mixed neighborhood use to light industry.

It would be a reversal of the 2017 Southwest Fresno Specific Plan, a planning document that neighborhood advocates fought for.

It’s a matter of respecting the community and its environmental justice goals, said opponents of the rezone change.

“We all deserve a new dynamic and prosperous development in our city. When considering expanding the industry in our city, let’s consider our entire city and don’t limit our conversation to adding more industries to Southwest Fresno, an area that continues to suffer for decades. of unfair planning practices, ”said Pastor BT Lewis at a recent press conference, as reported by OMNE News.

John Kinsey, an attorney for several businesses in the area looking for the rezone, said they were never made aware of the zoning change in the first place. He said the neighborhood’s current zoning made no sense.

“It is unfathomable to me that a city would rezone a property adjacent to the highway where there are already people using the property for a different use of the land, especially residential property. It doesn’t make sense in this particular area, ”Kinsey said.

Clearly, the battle lines are drawn. Business interests on one side and neighborhood advocates, environmental and social justice groups on the other.

“It is not enough to slogan One Fresno. We have to be One Fresno, ”Lewis said, playing on Mayor Jerry Dyer’s“ One Fresno ”philosophy.

City of Fresno

Current use versus future damage

The area is mostly built, with companies such as Mid-Valley Disposal and Glaxo Smith Kline already there.

“All they want to do is keep doing what they’ve been doing for 15 years. years, ”Kinsey said.

Several community groups and advocates say expanding what is already there would be detrimental to health and the environment.

“We will not contribute to our own demise. We will not support policies, procedures and practices that limit our ability to live, breathe, work and enjoy the fruits of our labor, ”said Dr Venice Curry of Concerned Citizens of Southwest Fresno in a statement. recent press conference.

West Fresno middle and elementary schools are one block away, as are residential neighborhoods.

Kinsey says the land use change is affecting current businesses by securing bank loans and preventing any new businesses from moving in.

This is very good, say social justice advocates.

“The argument that more jobs, whatever the source, is the only solution, is not and has not been the solution to improving the community of southwest Fresno,” wrote community advocacy groups Leadership Counsel for Justice and Accountability and Fresno Building Healthy Communities in a letter to the city.

Problems related to acquired rights

The letter also indicates that these companies can essentially benefit from acquired rights at their current level of light industrial use.

Kinsey, the lawyer representing several of the companies, said that was not enough to operate light industrial businesses.

“Tenants won’t be looking at these properties because of the risk profile. And frankly, they’re leaving town. We’re losing a lot of business here to Visalia and other surrounding communities, ”Kinsey said.

City Councilor Miguel Arias, whose District 3 covers the area in question, said permits for things like replacing a rubber bumper in a truck loading area were denied due to the change in zoning. This could be seen as an increase in the use of the building.

Arias says he worked with both parties to resolve the issue.

“(The community does not) beware of companies operating in perpetuity. They really welcome it, ”Arias said. “They want to make sure that heavy use does not happen in this area, which at present none of these uses are heavy industrial.”

Several companies that currently occupy the sector

Meet tonight

The Planning Commission first discussed the rezone at its February 3 meeting. After nearly 90 minutes of discussion, the commission delayed a decision, ordering claimants asking the rezone to better educate the community on the issue.

A meeting took place on March 1.

Opponents of the rezone modification are encouraging the community to attend.

The meeting takes place tonight, via Zoom, from 6 p.m. The agenda, with the link to the meeting, can be found here.

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Tasmania Labor promises ‘fixed’ feed-in tariff with solar and battery loans https://proimpex.info/tasmania-labor-promises-fixed-feed-in-tariff-with-solar-and-battery-loans/ https://proimpex.info/tasmania-labor-promises-fixed-feed-in-tariff-with-solar-and-battery-loans/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/tasmania-labor-promises-fixed-feed-in-tariff-with-solar-and-battery-loans/ The opposition Tasmanian Labor Party has pledged a budget of $ 20 million for zero-interest, low-interest loans of up to $ 15,000 for households and businesses across the country. The state can buy and install batteries and solar installations on the roofs. The political pledge, held this week ahead of the May election in Tasmania, […]]]>

The opposition Tasmanian Labor Party has pledged a budget of $ 20 million for zero-interest, low-interest loans of up to $ 15,000 for households and businesses across the country. The state can buy and install batteries and solar installations on the roofs.

The political pledge, held this week ahead of the May election in Tasmania, was offered by Labor state leader Rebecca White as a “solution” to the ruling Liberal party’s “failures” on solar power tariffs on roofs, which are expected to be further reduced this year on a historically low basis.

It also follows the Australian Energy Market Commission proposed controversial new rules two weeks ago this would charge all Australian solar homes an additional “solar tax” for exporting solar energy to the grid.

The proposed rules, although only at the draft stage and potentially years after their entry into force, would have the effect of further reducing the already declining feed-in tariffs – a blow that would hit harder. states like Tasmania, where the FiT have been consistently weak.

“Solar power owners were badly abandoned by the Liberals and saw the value of their investment plummet after the feed-in tariffs were cut,” White said in a statement Wednesday.

“The controversial new ‘solar tax’ proposed by the Australian Energy Market Commission will hit the value of feed-in tariffs even further, with people to be charged for exporting solar energy to the grid.

“Due to the evolution of the national electricity market, it is now impossible to simply restore the previous tariffs and the only solution is battery storage,” she added.

“Battery storage is equivalent to receiving a purchase price equal to the retail price charged by Aurora.

White said Labor would provide interest-free loans to households and businesses up to a value of $ 15,000 for the installation of storage batteries or a solar installation. The 10-year loans would be interest-free for the first three years, then low interest for the remaining seven.

“Tasmanians need to feel secure in their solar investment and under the Liberals it hasn’t,” the Labor leader said.

“This funding will allow Tasmanians to see a return on their solar investment, which is good for both them and the environment.

“While Labor scrambles to bring down electricity prices, Peter Gutwein and the Liberals will go their separate ways and privatize Hydro.

“Only the Labor Party is working for the Tasmanians to create a better and fairer state.”

Labor claims that the Liberal Guetwein government would privatize state-owned Hydro Tasmania came on the discovery of a legal loophole that allows assets to be sold without parliamentary approval when assets are not classified as a “principal enterprise”.

But Prime Minister Peter Gutwein dismissed the allegations as a “desperate fear campaign”.

“Tasmanians need leadership, not scare-mongering,” Gutwein said in the Burnie Advocate late last week. “… I would be more likely to go to the moon than to sell Hydro.”

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Damien Hardwick wants an AFL loan system | Avocado https://proimpex.info/damien-hardwick-wants-an-afl-loan-system-avocado/ https://proimpex.info/damien-hardwick-wants-an-afl-loan-system-avocado/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/damien-hardwick-wants-an-afl-loan-system-avocado/ Richmond coach Damien Hardwick has said he would like to see a loan system introduced in the AFL to give young players the opportunity to gain more playing time. AFL club Gold Coast are in the middle of the game. ‘a ruck fit, with co-captain Jarrod Witts (ACL) and youngster Matt Conroy (ACL) for the […]]]>

Richmond coach Damien Hardwick has said he would like to see a loan system introduced in the AFL to give young players the opportunity to gain more playing time. AFL club Gold Coast are in the middle of the game. ‘a ruck fit, with co-captain Jarrod Witts (ACL) and youngster Matt Conroy (ACL) for the season and Zac Smith (knee) unavailable for at least a month. As it stands, the Suns won’t be able to complete their scrum duty before the June mid-season draft, but a football-like loan system would allow immediate reinforcement. Hardwick cited the example of young Tigers ruckman Samson Ryan, who, due to the depth of Richmond’s ruck, is unlikely to play at his preferred AFL or VFL level soon as a player. who could benefit from it. “Anything that gives a young player a chance to play, I love it,” Hardwick told reporters on Wednesday. “We have a young child named Samson Ryan who we would like to loan (to the Suns).” End of the day, kid, we’re really excited for what he’s going to bring but we have Coleman-Jones, we have Mabior Chol, we have Samson – so he’s sitting there playing VFL footy. “Not that I would give them Samson if he plays against us, but anything that gives a player the opportunity to play at the AFL, I think we should watch, absolutely.” Loan schemes are common in world football, while the Australian A-League introduced an internal loan scheme for players under 23 in 2018. Often players on loan are not eligible to play against. their parent club. In the NRL last year, Melbourne’s Harry Grant and Wests Tigers’ Paul Momirovski traded clubs in a one-season loan deal, while some clubs also sent players on short-term loans to the then Warriors. that they were based in Australia. Australian Associated Press

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Latest round of PPP gives a boost to small businesses in the region https://proimpex.info/latest-round-of-ppp-gives-a-boost-to-small-businesses-in-the-region/ https://proimpex.info/latest-round-of-ppp-gives-a-boost-to-small-businesses-in-the-region/#respond Wed, 07 Apr 2021 23:14:00 +0000 https://proimpex.info/latest-round-of-ppp-gives-a-boost-to-small-businesses-in-the-region/ First State Bank Southwest chairman Mark Vis explained on Monday that the program was due to expire on March 31, but was extended until May 31. This change allows small business owners affected by the COVID-19 pandemic to apply for loans. Vis noted that the last round of PPP began on Jan. 15 with $ […]]]>

First State Bank Southwest chairman Mark Vis explained on Monday that the program was due to expire on March 31, but was extended until May 31. This change allows small business owners affected by the COVID-19 pandemic to apply for loans.

Vis noted that the last round of PPP began on Jan. 15 with $ 285 billion in funding available. The biggest difference between the first round, which provided $ 522 billion in forgivable loans over five months before ceasing to accept applications in August 2020, and the current one, which still has $ 73 billion, is that small businesses were specifically targeted this time around. about. Sole proprietors, independent contractors and the self-employed will benefit from greater financial support this time, thanks to revisions to the P3 funding formula.

“This one is different in that you can only apply if you have fewer than 300 employees,” added Brad Meester, who serves as vice president for agricultural and business loans at First State Bank Southwest. “Qualifications also changed with the second round, with entries now based on gross income instead of net income.”

“We’ve seen an increase in apps, with 50 percent more this year than last year,” Vis said. “We had 200 more loan requests this round than last year.”

Many revisions have been made to the administration of PPPs in recent months, in part thanks to the efforts of the Association of Independent Community Bankers.

“A lot of the different banks that apply are the small community banks, and most of them are ICBA members,” Meester said. “ICBA has been a strong advocate for program change and a truly essential supporting tool for the program.”

Although the PPP is a loan, its terms and conditions have also changed over time, Vis explained. The PPP was originally set up for two-year repayment at an interest rate of 1%, and is now set for five years at 1%. Vis said, however, that almost all employers receive a complete cancellation of P3s, the only exceptions being if the company closes too soon after receiving the loan proceeds or if it drastically reduces its employees.

During the first round of PPPs, Meester noted that 90% or more of applicants had their loans canceled. First State Bank Southwest PPP applicants do not need to be clients (although this is encouraged), and those who still wish to apply should bring a copy of their 2019 and (if possible) 2020 tax returns in order staff can determine qualifications.

“Many customers have come in and have been surprised at how easy this process is,” said Annika Henckel, loan officer at the Pipestone branch of First State Bank Southwest. “I think our bank is looking for and reaching out to people who we think could benefit from it and help them understand that the program is really essential.”

Many child care providers, hairdressers, and independent contractors often think they don’t qualify because they don’t have employees. The truth is, they are also eligible for a PPP loan.

PPP applications are typically submitted to the ASB the same day they are completed, and the approval process typically takes two to three days. This quick turnaround time means a quick influx to small business owners who may really need it.

“If it’s a $ 2,000 loan it might not seem like much, but for this particular borrower it certainly is,” said Brad Bruxvoort, president of the market and director of credit in the Edgerton office of First. State Bank Southwest. “We’ve had loans under $ 1,000, and they can be so important to this particular borrower – and that money then goes back to our community.”

Vis said First State Bank Southwest distributed $ 17 million out of 400 PPP loans in the 2020 cycle (an average of $ 42,500 per loan), compared to $ 13 million out of 600 loans (about $ 21,667 per loan) up to ‘now this cycle. This demonstrates that small businesses need P3s just as much, if not more, than businesses with 300 or more employees.

According to the SBA, a total of $ 734 billion was distributed through PPP in 2020 and 2021 as of March 28. The First State Bank Southwest, along with other community banks, often have the local resources available to help borrowers complete applications during what normally off-hours.

For Vis, it is about maintaining a healthy local and regional economy.

“We think it’s important to keep doing it (PPP) as long as the funds are available,” he said. “It means there is more money to spend in our local communities. And, if we can help a few businesses survive, then we feel like we’ve done our job. “

You can find more information on PPPs, including links to participating lenders across the United States. here.

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