Economic development

'Game-Changer': State Board approves Propel NC business model to align funding with workforce sectors

Retrieved on: 
Friday, February 16, 2024

Propel NC revolutionizes the funding model to prioritize labor-market outcomes and high-demand sectors, such as advanced manufacturing, healthcare, and IT.

Key Points: 
  • Propel NC revolutionizes the funding model to prioritize labor-market outcomes and high-demand sectors, such as advanced manufacturing, healthcare, and IT.
  • Tom Looney, Chairman of the Board, said the new model is critical to support the key workforce sectors that are driving growth in the state.
  • "Propel NC is a game-changer for our students, for business and industry and for our state's economic future."
  • Now that the State Board has approved the plan, the new funding model will be considered by the North Carolina General Assembly in the upcoming short session.

How tax breaks strangle American schools − billions of dollars that could help students vanish from budgets, especially hurting districts that serve poor students

Retrieved on: 
Friday, February 16, 2024

Bubbling paint mars some walls, evidence of leaks spreading inside the aging building.

Key Points: 
  • Bubbling paint mars some walls, evidence of leaks spreading inside the aging building.
  • The lack of funds is a result of tax breaks Kansas City lavishes on companies that do business there.
  • The program is supposed to bring new jobs but instead has starved schools.

Property tax drain

  • Read more:
    Students lose out as cities and states give billions in property tax breaks to businesses − draining school budgets and especially hurting the poorest students

    Abatements have long been controversial, pitting communities against one another in beggar-thy-neighbor contests.

  • A three-month investigation by The Conversation and experts in economic development, tax laws and education policy shows that the cash drain is not equally shared by schools in the same communities.
  • In multiple cities examined, tax abatements often take critical funding from districts that disproportionately serve low-income students from racial minorities.


In Kansas City, for example, nearly $1,700 per student was redirected in 2022 from poorer public schools, while between $500 and $900 was taken from wealthier schools. Other studies found similar demographic trends elsewhere, including New York state, South Carolina and Columbus, Ohio.

The result

  • All told, tax abatements can harm a community’s value, with funding shortfalls creating a cycle of decline.
  • Researchers agree that a lack of adequate funding undermines educational outcomes, especially for poor children.
  • The study estimated a 21.7% increase could eliminate graduation gaps faced by children from low-income families.
  • Perversely, some of the largest beneficiaries are politicians who boast of handing out breaks that inflict so much pain on poorer communities.
  • In Philadelphia public schools, asbestos is a major problem, and the district needs $430 million to clean up such environmental hazards.

A tale of two cities


Baton Rouge is a tale of two cities, with some of the worst outcomes in the state for education, income and mortality, and some of the best outcomes. “It was only separated by sometimes a few blocks,” said Edgar Cage, the lead organizer for the advocacy group Together Baton Rouge. “Underserved kids don’t have a path forward”

  • Dawn Collins, a district school board member from 2016 to 2022, said that with more funding, the district could provide targeted interventions for academically struggling students.
  • The campus of Exxon Mobil, which has received $580 million in tax abatements since 2000, sits not far from schools in desperate need of maintenance.
  • The company received its latest tax exemption, $8.6 million, to install facilities at the Baton Rouge complex that recycle plastic and purify isopropyl alcohol.
  • Meanwhile, school bus drivers staged a sickout in protest of low pay and a lack of air-conditioned vehicles.
  • Christine Wen worked for the nonprofit organization Good Jobs First from June 2019 to May 2022 where she helped collect tax abatement data.
  • Nathan Jensen has received funding from the John and Laura Arnold Foundation, the Smith Richardson Foundation, the Ewing Marion Kauffman Foundation and the Washington Center for Equitable Growth.

Distinguished North Dakota Leader Named CSO of New Federal Award-Winning Coalition

Retrieved on: 
Thursday, February 15, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240215979111/en/
    Dr. Hollie J. Mackey of North Dakota State University today was named Chief Strategy Officer to lead the regional National Science Foundation North Dakota Advanced Agriculture Technology Engine partnership, Food systems Adapted for Resiliency and Maximized Security (FARMS) (Photo: Business Wire)
    “Dr.
  • Mackey has been a core partner of our team effort to secure these federal funds,” said NDSU President David J. Cook.
  • She has a track record of inclusion and building healthy collaboration from every corner of North Dakota.
  • The NSF Engines: North Dakota Advanced Agriculture Technology Engine is supported by the U.S. National Science Foundation under Award #2315315.

Avelo Airlines Expands Service from Manchester-Boston Regional Airport with New Route to Greenville, South Carolina

Retrieved on: 
Thursday, February 15, 2024

MANCHESTER, N.H., Feb. 15, 2024 /PRNewswire/ -- Manchester-Boston Regional Airport (MHT) is excited to announce that Avelo Airlines will be adding a twice-weekly route from MHT to Greenville-Spartanburg International Airport (GSP) starting May 10, 2024. In addition, Avelo will expand its existing route to Raleigh-Durham International Airport (RDU) from twice weekly to four times weekly starting May 2, 2024.

Key Points: 
  • MANCHESTER, N.H., Feb. 15, 2024 /PRNewswire/ -- Manchester-Boston Regional Airport (MHT) is excited to announce that Avelo Airlines will be adding a twice-weekly route from MHT to Greenville-Spartanburg International Airport (GSP) starting May 10, 2024.
  • Avelo Airlines adds twice-weekly route from MHT to Greenville-Spartanburg International Airport starting May 10, 2024.
  • "Today's announcement is a result of the support from both the Raleigh and Manchester communities of the initial Avelo route from MHT.
  • Avelo is the only airline offering nonstop service from New Hampshire to Greenville, South Carolina, and Raleigh, North Carolina.

New report from the Canadian Agricultural Human Resource Council projects job vacancies will surpass 100,000 by 2030 as nearly one-third of agri-workforce retires

Retrieved on: 
Thursday, February 15, 2024

This labour market supply and demand forecast is a study conducted by The Conference Board of Canada, on behalf of CAHRC.

Key Points: 
  • This labour market supply and demand forecast is a study conducted by The Conference Board of Canada, on behalf of CAHRC.
  • CAHRC found a 15 per cent increase in job vacancies compared to the number of jobs in 2022 that could not be filled by Canadians and residents of Canada.
  • The labour market information report says temporary foreign workers (TFW) will play an important role in narrowing the domestic labour gap.
  • However, even with a projected increase in TFW employment by 2030, an estimated 20 per cent or 22,200 positions will remain vacant.

Fulton Fish Market and First Down Materials form Partnership to Enhance Historic Waterfront Connectivity and Foster Community Growth

Retrieved on: 
Thursday, February 15, 2024

This partnership, valued at over $75 million, symbolizes a significant milestone in Fulton Fish Market Cooperatives legacy, by rekindling its historical essence and reestablishing the waterfront presence.

Key Points: 
  • This partnership, valued at over $75 million, symbolizes a significant milestone in Fulton Fish Market Cooperatives legacy, by rekindling its historical essence and reestablishing the waterfront presence.
  • It's an honor to extend this legacy through our partnership with the Fulton Fish Market, further enriching the South Bronx's cultural and economic landscape.
  • We also look forward to expanding on the NYC waterfront in partnership with the Fulton Fish Market Cooperative."
  • This partnership reaffirms the Fulton Fish Market Cooperative's dedication to adapting through changing times while preserving our storied heritage.

Louisiana's Offshore Wind Industry Offers Promise

Retrieved on: 
Thursday, February 15, 2024

BATON ROUGE, La., Feb. 15, 2024 /PRNewswire/ -- The following article is provided by Zach Bartscherer and Courtney Durham Shane, senior officers at The Pew Charitable Trusts, where they work on the energy modernization project.

Key Points: 
  • Louisiana, long known as a major U.S. energy producer, is looking to extend that reputation well into the 21st century by nurturing a growing industry with immense economic potential: offshore wind.
  • In meetings and presentations in Baton Rouge and New Orleans, the group discussed the transformative potential of the offshore wind industry in Louisiana, including by spotlighting companies in the state with the expertise and capabilities to supply the components and services needed to harness offshore wind.
  • The domestic offshore wind industry has more than two dozen active offshore wind leases in federal waters, which means more chances for state and regional companies to supply the goods and services necessary to build them out.
  • Louisiana Wind Energy Week also marked the kickoff for the state's offshore wind supply chain study, a comprehensive review of the state's potential to capitalize on its supply chain advantages and further advance its involvement with the industry.

ICBA Opens Center for Innovation in Atlanta

Retrieved on: 
Thursday, February 15, 2024

The Independent Community Bankers of America® ( ICBA ) announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.

Key Points: 
  • The Independent Community Bankers of America® ( ICBA ) announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.
  • “The ICBA Center for Innovation embodies our commitment to upholding our mission of creating and promoting an environment where community banks flourish,” ICBA President and CEO Rebeca Romero Rainey said.
  • “This space puts ICBA in the center of Atlanta’s financial services community, with our local partners within walking distance of our office.
  • For more information about ICBA ThinkTECH Innovation programming and upcoming opportunities at the ICBA Center for Innovation, visit icba.org/accelerator.

Georgia State University, Comcast and CodePath Announce Launch of New Computer Science Education and Career Readiness Program

Retrieved on: 
Thursday, February 15, 2024

Georgia State University (GSU) and CodePath announced today a partnership that will the launch of the CodePath E3 Program.

Key Points: 
  • Georgia State University (GSU) and CodePath announced today a partnership that will the launch of the CodePath E3 Program.
  • View the full release here: https://www.businesswire.com/news/home/20240214343244/en/
    Georgia State University, Comcast and CodePath Announce Launch of New Computer Science Education and Career Readiness Program (Photo: Business Wire)
    CodePath, the organization dedicated to reprogramming higher education to create the most diverse generation of technologists, works with colleges and universities around the country to provide both computer science (CS) and computer information systems (CIS) educational courses and career development and placement opportunities.
  • This partnership represents an expanded commitment to the Atlanta region, as CodePath first expanded to Georgia State University in 2021.
  • The partnership is currently being offered to the more than 3,000 computer science students at GSU and the 1,000 computer science students at Georgia State’s Perimeter College.

Pivt Oversubscribes Fundraise To Support Workforce Relocation for Fortune 1000s and Economic Development Organizations

Retrieved on: 
Thursday, February 15, 2024

NEW YORK, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Pivt, a workforce relocation leader, has secured oversubscribed funding, with support from influential figures such as Randi Zuckerberg, Evan Segal, Joe Abrams, and Noemis Ventures. Founded by Forbes 30 under 30 and Next 1000 honoree Lynn Greenberg, Pivt focuses on prioritizing community, curated content, and well-being to improve success of corporate and economic development relocations.

Key Points: 
  • NEW YORK, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Pivt, a workforce relocation leader, has secured oversubscribed funding, with support from influential figures such as Randi Zuckerberg, Evan Segal, Joe Abrams, and Noemis Ventures.
  • Founded by Forbes 30 under 30 and Next 1000 honoree Lynn Greenberg, Pivt focuses on prioritizing community, curated content, and well-being to improve success of corporate and economic development relocations.
  • "...Pivt has redefined how individuals and organizations approach relocation, making it not just a move but a transformative and supported experience."
  • Pivt remains dedicated to revolutionizing the relocation and global mobility experience, ensuring it becomes a supportive and transformative journey.