Federal City Council

Exelon Announces Executive Leadership Changes

Retrieved on: 
Tuesday, February 6, 2024

Exelon (Nasdaq, EXC) announced today that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler.

Key Points: 
  • Exelon (Nasdaq, EXC) announced today that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler.
  • Dave Velazquez, currently Exelon executive vice president of Utility Operations and Technology, will succeed Innocenzo as president and chief executive officer of PECO, Pennsylvania’s largest electric and natural gas delivery company serving nearly 1.7 million electric customers and more than 548,000 natural gas customers in southeastern Pennsylvania.
  • He joined Exelon in 2016 at the merger of Exelon and Pepco Holdings, assuming the role of PHI president and CEO.
  • Galambos has held several leadership roles at Exelon since joining the company in 2012 as part of Constellation and BGE’s merger into Exelon.

MARGARET DUNNING, FINN MANAGING PARTNER, HIGHER EDUCATION, TO RETIRE

Retrieved on: 
Thursday, December 14, 2023

NEW YORK, Dec. 14, 2023 /PRNewswire/ -- Global independent marketing and communications firm FINN Partners announced today that industry leader Margaret Dunning will retire effective Dec. 31, following four decades in communications and 10 years as managing partner of FINN's Higher Education practice.

Key Points: 
  • NEW YORK, Dec. 14, 2023 /PRNewswire/ -- Global independent marketing and communications firm FINN Partners announced today that industry leader Margaret Dunning will retire effective Dec. 31, following four decades in communications and 10 years as managing partner of FINN's Higher Education practice.
  • "Since Margaret joined the FINN Partners fold, we have worked with numerous high-caliber university and education clients.
  • Jennifer Robinson, who joined FINN in 2014 via the acquisition of gabbegroup, a boutique firm specializing in higher education, health care and philanthropy, will lead higher education work and report to Stenos.
  • With the November acquisition of C. Blohm & Associates (CB&A, A FINN Partners Company), FINN significantly expanded its work in B2B Education and EdTech.

Knightscope Launches $10M Public Safety Infrastructure Bond Offering

Retrieved on: 
Wednesday, October 25, 2023

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces a $10 million Public Safety Infrastructure Bond Offering where the public may fight crime with their investment portfolio.

Key Points: 
  • Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces a $10 million Public Safety Infrastructure Bond Offering where the public may fight crime with their investment portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20231025559664/en/
    Knightscope Launches $10M Public Safety Infrastructure Bond Offering (Photo: Business Wire)
    “It is our view that retail investors are often precluded from participating in high-yield debt offerings made by publicly traded companies and we hope to begin to address that injustice through this bond offering.
  • Simultaneously, this can provide semi-permanent long-term growth capital in a non-dilutive form to continue to fuel Knightscope’s growth,” said William Santana Li, Chairman and CEO, Knightscope, Inc.
  • The Company is offering 10% interest, paid in cash annually, on up to a 5-year bond.

Knightscope Building on Results to Deliver New Solutions for Parking and Public Safety on AWS

Retrieved on: 
Thursday, September 14, 2023

The City Council subsequently voted unanimously to extend their contract and has recently awarded Knightscope a contract for its 5th year of service .

Key Points: 
  • The City Council subsequently voted unanimously to extend their contract and has recently awarded Knightscope a contract for its 5th year of service .
  • In addition to public safety, Knightscope’s solutions benefit residents, visitors, and cities trying to manage an increasing demand for limited parking.
  • “At AWS we are customer obsessed and always focus on innovating on behalf of our customers,” said Ryan Reynolds, Transportation and Justice and Public Safety Manager at AWS.
  • “Knightscope has been an AWS customer for over a decade, and we are proud they have chosen to use AWS to continue building innovative solutions that help keep cities safe and accessible.”

Findings of LABC-Commissioned Study on Boosting Affordable Housing Supply Presented Today at Request of L.A. City Homelessness and Housing Committee

Retrieved on: 
Wednesday, August 2, 2023

Together, we testified today before the L.A. City Council’s Homelessness and Housing Committee about the barriers to housing production identified in a recent independent study undertaken by the UCLA Ziman Center for Real Estate and commissioned by the LABC Institute.

Key Points: 
  • Together, we testified today before the L.A. City Council’s Homelessness and Housing Committee about the barriers to housing production identified in a recent independent study undertaken by the UCLA Ziman Center for Real Estate and commissioned by the LABC Institute.
  • The coalition encouraged lawmakers to follow its roadmap and translate its findings into tangible action to create a more affordable and inclusive Los Angeles.
  • Data from the LABC-commissioned study was pivotal in the City’s decision last month to waive site plan review for affordable housing projects.
  • The City Council approved a motion to codify key provisions of the directive in June; however, we strongly urge the Committee to see the policy expanded to include mixed-income projects in addition to 100% affordable projects.

How small wealthy suburbs contribute to regional housing problems

Retrieved on: 
Monday, July 10, 2023

Then wealthy Atherton, with a population of 7,000 and a median home sale price of US$7.5 million, tried to update its state-mandated housing plan.

Key Points: 
  • Then wealthy Atherton, with a population of 7,000 and a median home sale price of US$7.5 million, tried to update its state-mandated housing plan.
  • Until very recently, 100% of Atherton’s residentially zoned land allowed only single-family houses on large lots.
  • But as our new book on the politics of housing shows, the ability of small suburban municipalities to limit multifamily housing is more the rule than the exception.

Small governments’ big role in limiting housing

    • It means building them in existing communities, where small local governments often constrain housing development.
    • To study the impact small governments’ opposition is having on housing, we used census tract data from California’s metro areas to examine multifamily housing development between the Census Bureau’s 2008-2012 American Community Survey and its 2014-2018 survey, a time when the housing market was rapidly recovering from the Great Recession.
    • An extra 46 new apartments might sound like a small number, but it can make a real difference at the neighborhood level.

Cities across the US face similar struggles

    • When we examined census data from metro areas nationwide, we similarly found that neighborhoods in small jurisdictions gained fewer multifamily units.
    • Most big American cities in high-cost regions – think Boston, Denver and Los Angeles – are surrounded by a sea of mostly small independent suburbs.

Inner suburbs could offer housing closer to jobs

    • Atherton, for example, maintained its estate-style residential zoning for decades, smack-dab in the middle of a job-rich area.
    • However, many inner suburbs’ land-use plans were set decades ago in vastly different economic eras, and many now claim to be “built out” and done with adding housing.

What’s standing in the way?

    • Homeowners tend to be the dominant political interest in small suburbs.
    • They may worry that larger or denser residential buildings will decrease their property values, increase traffic or strain local infrastructure.
    • Fears about even minor projects – like the proposal for 16 townhomes near Curry’s estate in Atherton – can get magnified.

How to unlock more housing where it’s needed

    • State legislators can unlock the potential for new housing by requiring local governments to relax single-family-only zoning and similar land-use restrictions.
    • Kathy Hochul’s effort to enact land-use reforms that would push localities to rezone for more housing hit a dead end in that state’s Legislature in 2023.
    • Another approach is for state governments to create metro-level mechanisms designed to represent the needs of housing consumers throughout the region.
    • States could set up regionwide housing appeals boards authorized to reconsider and potentially overturn anti-housing decisions by cities and towns.

New Offshore Wind Innovation Hub Announces First Selections for its Accelerator Program

Retrieved on: 
Monday, June 26, 2023

The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.

Key Points: 
  • The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.
  • View the full release here: https://www.businesswire.com/news/home/20230626305468/en/
    Tone Søndergaard, Director of the Offshore Wind Innovation Hub (Photo: Business Wire)
    Launched in January 2023 to help develop promising start-ups that drive new innovation in the offshore wind industry, the Offshore Wind Innovation Hub is led by Equinor and bp in collaboration with Urban Future Lab at NYU Tandon School of Engineering , and National Offshore Wind R&D Consortium .
  • The Offshore Wind Innovation Hub provides a one-of-a-kind experience for startups to further develop their technologies on the ground as we’re developing America’s offshore wind energy future right here in New York City.
  • We look forward to working with The Offshore Wind Innovation Hub to build a nation-leading ecosystem and more inclusive future for all New Yorkers.”
    “The Offshore Wind Innovation Hub provides a great opportunity for innovators to bring their unique technology advancements into offshore wind.

Mayor Muriel Bowser Joins Golden Triangle and DowntownDC BIDs and Federal City Council to Kick Off Public Engagement Effort for Downtown Action Plan

Retrieved on: 
Thursday, June 15, 2023

WASHINGTON, June 15, 2023 /PRNewswire/ -- The Golden Triangle and DowntownDC Business Improvement Districts (BIDs), along with DC Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Economic Development (DMPED), the Federal City Council, downtown stakeholders, business and urban planning leaders, and private citizens, today officially kicked off the planning and engagement sessions for the Downtown Action Plan. The Downtown Action Plan will serve as the backbone for DC's Comeback Plan, the mayor's five-year economic development strategy.

Key Points: 
  • The Downtown Action Plan will serve as the backbone for DC's Comeback Plan , the mayor's five-year economic development strategy.
  • "We know why this work is urgent and important: Downtown is the economic engine that supports the investments we make in people and programs across all eight wards," said Mayor Muriel Bowser.
  • "Reimagining our downtown is something that must happen and now, as we build the Downtown Action Plan, is the time for all of us to unleash our creativity."
  • Work on the Downtown Action Plan is under way, with the first stakeholder engagement session taking place next week.

Downtown Austin Alliance reveals 2023 State of Downtown economic impact report

Retrieved on: 
Wednesday, May 17, 2023

AUSTIN, Texas, May 17, 2023 /PRNewswire/ -- The Downtown Austin Alliance revealed findings from the 2023 State of Downtown report at today's Future of Downtown: Downtown on Demand event held at Fareground Austin. The report, which has been produced and shared by the Downtown Alliance annually since 2019, presents data on a range of economic indicators that impact downtown Austin and aid in recovery and advocacy efforts moving forward.

Key Points: 
  • AUSTIN, Texas, May 17, 2023 /PRNewswire/ -- The Downtown Austin Alliance revealed findings from the 2023 State of Downtown report at today's Future of Downtown: Downtown on Demand event held at Fareground Austin.
  • The report, which has been produced and shared by the Downtown Alliance annually since 2019, presents data on a range of economic indicators that impact downtown Austin and aid in recovery and advocacy efforts moving forward.
  • "The Downtown Austin Alliance has been honored to manage the downtown public improvement district for the past 30 years, stewarding and preserving the collective vision for a downtown you will always love," Dewitt Peart, president and CEO of the Downtown Austin Alliance, said.
  • In 1993, Austin City Council created the Downtown Public Improvement District to provide constant and permanent funding to implement downtown initiatives and the Downtown Austin Alliance was formed to manage the PID.

U.S. Gold Corp. - Q1 2023 Update, CK Gold Project on Track

Retrieved on: 
Wednesday, April 26, 2023

We appreciate the support of our shareholders as we advance through the rigorous steps that are necessary to take our CK Gold Project from a resource with potential, to a wealth and opportunity-generating mine.

Key Points: 
  • We appreciate the support of our shareholders as we advance through the rigorous steps that are necessary to take our CK Gold Project from a resource with potential, to a wealth and opportunity-generating mine.
  • It is anticipated that the CK Gold Project revenues will count on approximately 70% of its revenue from gold, but of increasing importance is the 30% from copper sales in the concentrate that we plan to ship.
  • While the project economics revolve around revenues from copper and gold, with copper and gold extraction into a concentrate for sale to smelters, there is a whole new revenue opportunity from the CK Gold Project that is being evaluated.
  • While the majority of the Company's resources are aimed at the CK Gold Project, we continue to look for opportunities to advance our exploration assets.