Westminster Foundation for Democracy

Grosvenor Donates $250,000 to PREA Foundation's Programs to Provide Commercial Real Estate Opportunities for Diverse High School Students

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星期一, 八月 21, 2023
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WASHINGTON, Aug. 21, 2023 /PRNewswire/ -- Grosvenor, a privately held international property owner and developer with a 70-year track record in North America, has donated $250,000 to Pension Real Estate Association's (PREA) programs designed to open doors for diverse, economically disadvantaged high school students to pursue careers in commercial real estate. The donation is funded by The Westminster Foundation, which represents the charitable activities of the Duke of Westminster and the Grosvenor businesses. Funds will be distributed over five years to PREA Foundation to support two programs focused on providing a pathway for students to pursue opportunities within the industry.

Key Points: 
  • WASHINGTON, Aug. 21, 2023 /PRNewswire/ -- Grosvenor, a privately held international property owner and developer with a 70-year track record in North America, has donated $250,000 to Pension Real Estate Association's (PREA) programs designed to open doors for diverse, economically disadvantaged high school students to pursue careers in commercial real estate.
  • Funds will be distributed over five years to PREA Foundation to support two programs focused on providing a pathway for students to pursue opportunities within the industry.
  • The REEX JumpStart Scholars in Commercial Real Estate program was created to introduce students of color to the potential of a career in commercial real estate.
  • We are proud of this partnership to help increase career opportunities for underrepresented young people in the commercial real estate industry."

Albania's brain drain: why so many young people are leaving and how to get them to stay

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星期三, 六月 28, 2023
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This exodus was 10.5% higher than in 2021, with the majority, about 36,000, being young people, according to new data from the Albanian Institute of Statistics.

Key Points: 
  • This exodus was 10.5% higher than in 2021, with the majority, about 36,000, being young people, according to new data from the Albanian Institute of Statistics.
  • This data also shows that fewer Albanian young people are entering the labour force and completing their studies.
  • For example, in the academic year 2021-2022, about 30,910 students graduated from higher education, marking a 5.4% decrease from the previous academic year.
  • About 35% of current residents wish to leave Kukës, and 59% want to migrate to the UK, it found.

Economic obstacles

    • The latest World Bank report on the region suggests that the pandemic has pushed more than one third of Albanians into poverty.
    • According to some reports around 3,500 healthcare personnel have moved to Germany from Albania in the last ten years.
    • In 2022 Germany also began to recognise driving licences from the western Balkans to help fill vacancies for drivers.

Driving migration

    • However, poverty and exclusion are driving forces.
    • For example, in the local election held in May 2023, Albania’s brain drain and youth migration were not discussed in depth.
    • However, Albania cannot tackle the brain drain and youth migration without help.
    • The solution is not to prohibit migration, but to encourage more investment, while also providing the region with access to the EU single market to inject economic growth and opportunities for investment and social development.

M&T Bank Corporation President and Chief Operating Officer Rich Gold Announces Retirement

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星期四, 六月 16, 2022
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BUFFALO, N.Y., June 16, 2022 /PRNewswire/ -- Richard ("Rich") Gold , president and chief operating officer for M&T Bank Corporation (NYSE: MTB), has announced his intention to retire, effective after the first quarterof 2023.

Key Points: 
  • BUFFALO, N.Y., June 16, 2022 /PRNewswire/ -- Richard ("Rich") Gold , president and chief operating officer for M&T Bank Corporation (NYSE: MTB), has announced his intention to retire, effective after the first quarterof 2023.
  • Gold plans to remain on the Board of Directors of M&T Bank .
  • After joining the bank in 1989, Gold held management positions in retail banking, business banking, mortgage, consumer lending and marketing.
  • In 2014, he was named vice chairman and took on the role of chief risk officer.

Grosvenor delivers significant improvement in financial performance and plans further diversification in property and food & agtech

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星期三, 五月 25, 2022
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We are now well advanced with completing a baseline audit of our carbon emissions across our diverse activities, and with developing credible carbon reduction plans.

Key Points: 
  • We are now well advanced with completing a baseline audit of our carbon emissions across our diverse activities, and with developing credible carbon reduction plans.
  • Meanwhile we are also investing in technologies that can disrupt the carbon intensive practices of the global food system.
  • "For the first time in our history, this year's Annual Review reports on the full breadth of our activities.
  • We advanced our significant development pipeline and we executed the third iteration of our True North partnership for our Structured Development Finance Programme.