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Jennifer Aument Appointed Chief Executive Officer of The New Terminal One at JFK International Airport

Retrieved on: 
Monday, February 26, 2024

QUEENS, N.Y., Feb. 26, 2024 /PRNewswire/ -- The New Terminal One at New York John F. Kennedy International Airport today announced Jennifer Aument as its incoming CEO, set to assume the role on April 1, 2024. The New Terminal One is currently under construction with its first gates scheduled to open in 2026, in partnership with the Port Authority of New York & New Jersey, as part of the agency's $19 billion transformation of JFK Airport.

Key Points: 
  • Aument brings over 25 years of experience in developing major infrastructure across the highway, rail, airport, and port sectors.
  • Her career includes executive roles in public-private partnerships and megaprojects, with a focus on safe and efficient project delivery, business performance, community engagement and customer experience.
  • As the President and CEO of Transurban's North American business for many years, she led the development and expansion of significant public-private infrastructure projects.
  • Dr. Bushell led The New Terminal One to lease and financial close amidst a global pandemic that disrupted air travel.

The New Terminal One at JFK launches first RFP for operations with ground service equipment procurement

Retrieved on: 
Wednesday, February 21, 2024

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- The New Terminal One at New York John F. Kennedy International Airport has issued a request for proposals (RFP) for an all-electric fleet of ground service equipment, launching the first RFP for operations of the world-class, all-international terminal scheduled to open in 2026 in partnership with the Port Authority of New York & New Jersey as part of its $19 billion transformation of the airport.

Key Points: 
  • To optimize the efficiency of airport operations, ground service equipment will be pooled at the common-use terminal for use by all airlines.
  • Ground service equipment plays a crucial role in airport operations by ensuring that flights are loaded and ready to depart on time.
  • Typical ground service equipment includes portable ground power units, mobile baggage conveyors, baggage carts, tugs, and aircraft steps.
  • Interested participants in the ground service equipment RFP may contact The New Terminal One's procurement team at [email protected] to request a copy of the RFP and additional details.

Glenfarne Energy Transition’s Texas LNG Selects Gulf LNG Tugs of Texas to Build and Operate Tugboats for Export Facility

Retrieved on: 
Friday, February 16, 2024

In line with Texas LNG’s “Green by Design” approach, the tugboats will be among the most modern, low-emissions tugboats available to serve a facility of Texas LNG’s size.

Key Points: 
  • In line with Texas LNG’s “Green by Design” approach, the tugboats will be among the most modern, low-emissions tugboats available to serve a facility of Texas LNG’s size.
  • We are pleased to have Gulf LNG Tugs on board as a partner and look forward to the jobs and local content they will bring to both Texas LNG and the local Rio Grande Valley community.”
    In a joint statement from Gulf LNG Tugs partners: “Gulf LNG Tugs is excited to be providing marine services in a long-term partnership with Texas LNG.
  • Texas LNG is also designed to be one of the lowest-emitting export terminals on the planet, providing reliable, responsibly sourced U.S. LNG to help fuel the global energy transition to renewables and reinforce energy security.
  • Texas LNG expects to close its project financing later this year with construction commencing shortly thereafter.

Fusion Fuel Receives Notification of IPCEI Approval from European Commission for 630 MW HEVO-Portugal Project

Retrieved on: 
Friday, February 16, 2024

SABUGO, Portugal, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQ: HTOO) (the “Company”) is pleased to announce that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (“IPCEI”) Hy2Infra program.

Key Points: 
  • SABUGO, Portugal, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQ: HTOO) (the “Company”) is pleased to announce that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (“IPCEI”) Hy2Infra program.
  • The €650 million, 630 MW project is to be developed in Sines, Portugal, and would produce 62,000 tonnes of green hydrogen per annum.
  • The IPCEI approval positions Fusion Fuel and its partners to commence funding negotiations with the relevant government stakeholders, as well as with the European Investment Bank, which has committed to providing financing and advisory support to those projects selected for public funding.
  • Frederico Figueira de Chaves, CEO of Fusion Fuel, stated, “This is a game changing achievement for Fusion Fuel, solidifying our position amongst the leading companies in the green hydrogen industry.

Armada Hoffler’s Board of Directors Appoints Shawn Tibbetts as President

Retrieved on: 
Thursday, February 15, 2024

VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler’s (NYSE: AHH) Board of Directors announces that Shawn Tibbetts, the Company’s Chief Operating Officer, has been named President.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler’s (NYSE: AHH) Board of Directors announces that Shawn Tibbetts, the Company’s Chief Operating Officer, has been named President.
  • As President and Chief Operating Officer, Tibbetts will continue to oversee all aspects of Armada Hoffler's operations, guiding strategic initiatives, fostering innovation, and reinforcing the Company's commitment to excellence.
  • “I am honored to assume this role and deeply appreciative of the support from the Board of Directors, including Dan and Lou,” Tibbetts said.
  • The Board of Directors and company management remain dedicated to ensuring a seamless transition of leadership.

NBC10's Latoyia Edwards to Host NSBE Boston's 6th Annual Inspire STEM Gala

Retrieved on: 
Thursday, February 15, 2024

With the theme "Black is STEM," this year's gala recognizes Black History in the making.

Key Points: 
  • With the theme "Black is STEM," this year's gala recognizes Black History in the making.
  • Hosted by Emmy-award winning news anchor Latoyia Edwards , the gala promises an evening of inspiration and recognition.
  • The 6th Annual Inspire STEM Gala will take place from 7:00 pm to 9:30 pm on February 24th.
  • Join NBC10's Latoyia Edwards, NSBE Boston, and keynote speaker Janeen Uzzell for a night of Black STEM excellence.

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

Retrieved on: 
Thursday, February 15, 2024

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

Key Points: 
  • Bubbling paint mars some walls, evidence of the water leaks spreading inside the aging building.
  • “It’s living history,” said Mayes during a mid-September tour of the building.

Property tax redirect

  • The lack of funds is a direct result of the property tax breaks that Kansas City lavishes on companies and developers that do business there.
  • Between 2017 and 2023, the Kansas City school district lost $237.3 million through tax abatements.
  • An estimated 95% of U.S. cities provide economic development tax incentives to woo corporate investors.
  • Tax abatement programs have long been controversial, pitting states and communities against one another in beggar-thy-neighbor contests.
  • All told, tax abatements can end up harming a community’s value, with constant funding shortfalls creating a cycle of decline.

Incentives, payoffs and guarantees

  • Incumbent governors have used the incentives as a means of taking credit for job creation, even when the jobs were coming anyway.
  • Fairleigh Jackson pointed out that her daughter’s East Baton Rouge third grade class lacks access to playground equipment.
  • The temporary site has some grass and a cement slab where kids can play, but no playground equipment, Jackson said.
  • “When I think about playground equipment, I think that’s a necessary piece of child development,” Jackson said.
  • The city has two bodies that dole them out: the Development Authority of Fulton County, or DAFC, and Invest Atlanta, the city’s economic development agency.
  • The deals handed out by the two agencies have drained $103.8 million from schools from fiscal 2017 to 2022, according to Atlanta school system financial statements.
  • What exactly Atlanta and other cities and states are accomplishing with tax abatement programs is hard to discern.
  • Under city and state tax abatement programs, companies that used to be in Kansas City have since relocated.

Trouble in Philadelphia

  • On Thursday, Oct. 26, 2023, an environmental team was preparing Southwark School in Philadelphia for the winter cold.
  • While checking an attic fan, members of the team saw loose dust on top of flooring that contained asbestos.
  • Within a day, Southwark was closed – the seventh Philadelphia school temporarily shuttered since the previous academic year because of possible asbestos contamination.
  • A 2019 inspection of the John L Kinsey school in Philadelphia found asbestos in plaster walls, floor tiles, radiator insulation and electrical panels.
  • The study estimated that a 21.7% increase could eliminate the high school graduation gap faced by children from low-income families.
  • The same researchers found that spending increases were associated with reductions in student-to-teacher ratios, increases in teacher salaries and longer school years.
  • Other studies yielded similar results: School funding matters, especially for children already suffering the harms of poverty.
  • For families in school districts with the lost tax revenues, their neighbors’ good fortune likely comes as little solace.
  • Throughout the U.S., parents with the power to do so demand special arrangements, such as selective schools or high-track enclaves that hire experienced, fully prepared teachers.
  • If demands aren’t met, they leave the district’s public schools for private schools or for the suburbs.
  • Some parents even organize to splinter their more advantaged, and generally whiter, neighborhoods away from the larger urban school districts.

Rethinking in Philadelphia and Riverhead

  • A school serving students who endure housing and food insecurity must dedicate resources toward children’s basic needs and trauma.
  • But districts serving more low-income students spend less per student on average, and almost half the states have regressive funding structures.
  • Facing dwindling resources for schools, several cities have begun to rethink their tax exemption programs.
  • The Philadelphia City Council recently passed a scale-back on a 10-year property tax abatement by decreasing the percentage of the subsidy over that time.

Kansas City border politics


Like many cities, Kansas City has a long history of segregation, white flight and racial redlining, said Kathleen Pointer, senior policy strategist for Kansas City Public Schools.

  • Meanwhile, Kansas City is still distributing 20-year tax abatements to companies and developers for projects.
  • Developers typically have plans in place when they knock on our door.” In Kansas City, several agencies administer tax incentives, allowing developers to shop around to different bodies to receive one.
  • “That was a moment for Kansas City Public Schools where we really drew a line in the sand and talked about incentives as an equity issue,” Pointer said.
  • After the district raised the issue – tying the incentives to systemic racism – the City Council rejected BlueScope’s bid and, three years later, it’s still in Kansas City, fully on the tax rolls, she said.
  • Recently, a multifamily housing project was approved for a 20-year tax abatement by the Port Authority of Kansas City at Country Club Plaza, an outdoor shopping center in an affluent part of the city.
  • All told, the Kansas City Public Schools district faces several shortfalls beyond the $400 million in deferred maintenance, Superintendent Jennifer Collier said.

East Baton Rouge and the industrial corridor


It’s impossible to miss the tanks, towers, pipes and industrial structures that incongruously line Baton Rouge’s Scenic Highway landscape. They’re part of Exxon Mobil Corp.’s campus, home of the oil giant’s refinery in addition to chemical and plastics plants.

  • The company posted a record-breaking $55.7 billion in profits in 2022 and $36 billion in 2023.
  • A mile drive down the street to Route 67 is a Dollar General, fast-food restaurants, and tiny, rundown food stores.
  • East Baton Rouge Parish’s McKinley High School, a 12-minute drive from the refinery, serves a student body that is about 80% Black and 85% poor.
  • The experience is starkly different at some of the district’s more advantaged schools, including its magnet programs open to high-performing students.
  • 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” in East Baton Rouge public schools, Cage said.
  • “Baton Rouge is home to some of the highest performing schools in the state,” according to the report.

Louisiana’s executive order

  • John Bel Edwards signed an executive order that slightly but importantly tweaked the system.
  • On top of the state board vote, the order gave local taxing bodies – such as school boards, sheriffs and parish or city councils – the ability to vote on their own individual portions of the tax exemptions.
  • And in 2019 the East Baton Rouge Parish School Board exercised its power to vote down an abatement.
  • Edwards’ executive order also capped the maximum exemption at 80% and tightened the rules so routine capital investments and maintenance were no longer eligible, Hansen said.
  • In 2019, the campaign worked: the school board rejected a $2.9 million property tax break bid by Exxon Mobil.
  • In fact, according to Hansen, loopholes were created during the rulemaking process around the governor’s executive order that allowed companies to weaken its effectiveness.
  • By receiving tax exemptions, Exxon Mobil was taking money from her salary to deepen their pockets, she said.
  • 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.

BROG Investors With Large Losses Should Contact Robbins LLP for Information About the Class Action Lawsuit Against Brooge Energy Limited - BROG

Retrieved on: 
Wednesday, February 14, 2024

Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Brooge Energy Limited (NASDAQ: BROG) stock between November 25, 2019 and December 21, 2023.

Key Points: 
  • Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Brooge Energy Limited (NASDAQ: BROG) stock between November 25, 2019 and December 21, 2023.
  • Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates.
  • For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • What Now: You may be eligible to participate in the class action against Brooge Energy Limited.

House Select Committee Tours Ginkgo Bioworks, Previews Biofab1, Ginkgo's New Integrated Data Generation Facility Set to Launch in 2025

Retrieved on: 
Tuesday, February 13, 2024

Ginkgo provided a tour of its expansive facility and discussed its unique position as a provider of services that facilitate applications of biotechnology in companies of all sizes across the economy.

Key Points: 
  • Ginkgo provided a tour of its expansive facility and discussed its unique position as a provider of services that facilitate applications of biotechnology in companies of all sizes across the economy.
  • Biofab1 is expected to begin operations early next year and aims to significantly increase Ginkgo's capacity to generate biological data.
  • Last summer, Ginkgo announced a strategic partnership with Google Cloud aimed at leveraging Ginkgo's Foundry and large biological data assets to develop new, state-of-the-art LLMs.
  • Ginkgo leadership shared with the visiting Committee its view that, like in other AI applications, leadership in the bioeconomy will necessitate leading in the development of these AI models.

STAX Engineering Launches First Multi-Port Maritime Emissions Capture and Control System in California

Retrieved on: 
Tuesday, February 13, 2024

LONG BEACH, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- STAX Engineering , a leader in maritime emissions capture and control, today launched the first multi-port emissions reduction operation in California at the Ports of Los Angeles, Long Beach, and Oakland.

Key Points: 
  • LONG BEACH, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- STAX Engineering , a leader in maritime emissions capture and control, today launched the first multi-port emissions reduction operation in California at the Ports of Los Angeles, Long Beach, and Oakland.
  • At full scale, STAX is on track to treat more than 1,000 tons of shipping emissions per year by 2025.
  • As an accessible and immediately viable alternative, STAX offers land- and barge-based, mobile emissions capture and control technology to shipping terminal and fleet operators for a nominal hourly fee.
  • STAX attaches to at-berth vessels through its patented, flexible exhaust capture system designed to accommodate all ships without modification—even in the most congested ports.