Environment profit – G Net http://gnet.org/ Thu, 03 Jun 2021 08:08:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://gnet.org/wp-content/uploads/2021/05/default-150x150.png Environment profit – G Net http://gnet.org/ 32 32 Brewery Financing & Loans https://gnet.org/instant-online-payday-loans-for-bad-credit/ https://gnet.org/instant-online-payday-loans-for-bad-credit/#respond Tue, 11 May 2021 10:46:18 +0000 https://gnet.org/?p=600 Starting and running a brewery business can be expensive, with start-up costs that can easily top $1 million or more. That’s where brewery financing comes in. You’ll likely need financing to start and grow your brewery.]]>

Starting and running a brewery business can be expensive, with start-up costs that can easily top $1 million or more. That’s where brewery financing comes in. You’ll likely need financing to start and grow your brewery.

Here at https://greendayonline.com/ we’ll discuss a variety of lending options for microbreweries, craft breweries and tap rooms. 

Craft Brewery Finance

According to the nonprofit Brewer’s Association, there are over 8800 regional craft breweries, microbreweries, taprooms and brew pubs in the U.S. While the number of regional craft breweries declined in 2020, all other categories continued to grow. For many small business owners, a brewery part business opportunity and part fulfillment of a dream. But that dream requires dollars— and often a lot of them. 

There are many items a brewery owners may need to finance, including:

  • Real estate purchase or renovation. Those sloped floors cost money!
  • Taproom construction, renovation or build out 
  • Brewery equipment, including kegs, boilers, fermentation tanks and refrigerators
  • Bottling equipment including bottles, labelling machines, and canning lines
  • Waste treatment and disposal systems
  • Licenses and permits, including a state liquor license

And that’s just scratching the surface! It’s easy to see how costs can add up quickly. 

Build the Foundation First

If you’re determined to build a brewery business, your first job is to make sure you create a solid foundation for your business. It’s not enough to create a product that beer lovers clamor for; you’ll have to make sure you have systems in place to manage cash flow, keep your employees paid, and survive the ups and downs that all brewer owners experience from time to time. 

A business plan is essential and it must contain detailed sales and financial projections, pricing, and distribution plans. You’ll need to build in a realistic timeline for getting up and running (or expanding), which can easily take 4-12 months or longer.

Make sure you have a business bank account and that you use it exclusively for business purchases. 

Work with a CPA or accounting professional with experience in this type of business if at all possible. The book Small Brewery Finance: Accounting Principles and Planning for the Craft Brewer by Maria Pearman can be a helpful resource as well. 

Tip: Tap into free resources from Small Business Administration partners. You can get free help with your business plan, marketing and ongoing mentoring from your local Small Business Development Center or SCORE. 

Brewery Financing Options

There are a number of options you may consider when it comes to getting financing: 

SBA Loans & Bank Financing

The SBA guarantees certain small business loans. Some of these loans may be available to a qualified start-up brewery though most banks and traditional lenders prefer to work with more established businesses. 

Except for disaster loans, SBA loans are made by lenders approved by the SBA. That means you may need to shop around to find the SBA lender that’s a good fit for your business. 

SBA loan programs that may be particularly helpful for a brewery loan include the SBA 7(a) program which provides loans of up to $5 million that may be used for working capital, real estate, equipment and refinancing debt. 

The CDC 504 loan program offers loans in partnerships with a private lender and a non-profit Community Development Corporation. These loans may be used to finance a new location or to rehab or expand real estate for your business, or to acquire or expand equipment. 

Keep in mind that SBA loans typically require good personal credit scores. For certain SBA loans business credit may be checked as well. (Learn how to establish business credit here.) They will likely require business tax returns (if available), up-to-date financial statements and a significant amount of paperwork. Approvals can take several months. But if you do qualify, the terms will often be excellent.

Equipment Financing

Breweries must often invest heavily in equipment. At times it makes sense to purchase used equipment at a steep discount. In other cases, equipment leasing may allow your business to obtain the equipment it needs without a significant cash outlay. Leasing may provide tax breaks as well, depending on the structure of the lease. 

You can check with the equipment manufacturer to learn if they offer leasing (either themselves or through a partner) or work with a company that will help you find a lease through a third-party leasing company. 

Crowdfunding & Investors

Investors may be able to provide some of the capital you need to get started, though that also means giving up some equity in your business. If you aren’t well-connected to those who can write large checks, you may want to investigate equity crowdfunding. It allows business owners to raise up to $5 million a year using SEC-approved online platforms. Reward crowdfunding allows you to raise any sum of funds, but instead of equity in your brewery you’ll provide rewards. It could be anything from a t-shirt to a tasting to a craft beer named after a top backer. 

Vendor Terms

Your suppliers may be willing to give you trade credit. That means you’ll have extra time to pay for those supplies, which can improve cash flow. For example, net-30 terms will give your business 30 days from the invoice to pay. 

Business Credit Cards

While it’s unlikely you’ll have credit limits large enough to finance a brewery, your credit cards can give you extra time to pay for essential items in your business, as well as to borrow money quickly at a relatively low interest rate compared to other types of fast small business financing. Business credit cards are often available to start up businesses, as the decision is typically based on the owner’s personal credit and income from all sources. 

The bottom line is that the right financing is one essential ingredient in the recipe for a successful brewery business. Take the time to investigate your options and whenever possible line up financing before you need it.

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Alabama 2021 Legislative Report: Week seven https://gnet.org/alabama-2021-legislative-report-week-seven/ https://gnet.org/alabama-2021-legislative-report-week-seven/#respond Tue, 11 May 2021 07:21:58 +0000 https://gnet.org/?p=393 The Alabama Legislature convened for Day 17 of the 30 day Regular Session on Tuesday, March 30. The Legislature met in Session on Tuesday and Thursday with 21 committee meetings held throughout the week. 974 bills have been introduced to date, 591 in the House and 383 in the Senate.  The Legislature will return to Montgomery […]]]>

The Alabama Legislature convened for Day 17 of the 30 day Regular Session on Tuesday, March 30. The Legislature met in Session on Tuesday and Thursday with 21 committee meetings held throughout the week. 974 bills have been introduced to date, 591 in the House and 383 in the Senate. 

The Legislature will return to Montgomery on Tuesday, April 6, for Day 19 of the Session with the House convening at 1:00 p.m. and the Senate convening at 2:30 p.m. 

Significant floor passage this week

HB248 by Rep. Rich: To provide for the broadcast of public K-12 school sporting events. 

HB273 by Rep. Drummond: To raise the minimum age for legal possession, transportation, and purchase of tobacco products, electronic nicotine delivery systems, and alternative nicotine products from 19 to 21. 

HB410 by Rep. Lee: To extend the existing sales and use tax exemption on parts, components, and systems used in the refurbishing of aircraft. 

HB411 by Rep. McCampbell: To create a Law Enforcement Officer Employment Database, and require law enforcement agencies to report certain complaints, disciplinary actions, and background information. 

HB437 by Rep. Collins: To authorize common carriers to make delivery of alcoholic beverages to Alabama residents, and to provide for direct wine shipper permits. 

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HB538 by Rep. Baker: To revise the timeframe to apply to vote by absentee ballot and revise certain procedures relating to the processing of absentee ballots. 

SB9 by Sen. Elliott: To provide that the total amount allocated to a local board of education includes an allowance for student growth. 

SB31 by Sen. Roberts: To provide that the date for runoff elections to be four weeks after the regular election for all runoff municipal elections and runoff special primary elections. 

SB43 by Sen. Price: To require the state Emergency Management Agency to adopt guidelines for individuals and entities throughout the state to volunteer to have property designated as safer place facilities during severe weather events. 

SB65 by Sen. Sessions: To provide an alternative procedure for the dissolution of a public park and recreation beach board under certain conditions and for the transfer of the property of the board to the municipality where the public park is located upon approval of both the county and the municipality. 

SB111 by Sen. Butler: To allow the sale of land for taxes to occur on the premises of or within the courthouse or courthouse annex of the county. 

SB119 by Sen. Waggoner: To revise the municipal election dates in certain municipalities beginning in 2025. 

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SB126 by Sen. Waggoner: To provide for a delivery service license issued by the Alcoholic Beverage Control Board that would allow the licensee to deliver sealed beer and wine from certain licensed retail establishments directly to individuals in Alabama who are at least 21 years of age for their personal use. 

SB169 by Sen. Figures: To provide for an increase in the number of executive level employees which the director of the Alabama State Port Authority is entitled to appoint and to provide that the commercial terms of certain contracts entered into by the Port Authority are exempt from certain state laws limiting confidentiality. 

HB103 by Rep. Kiel: To provide that during a state of emergency involving a pandemic, epidemic, bioterrorism event, or the appearance of a novel or previously controlled or eradication infectious disease or biological toxin, any business or religious institution may continue or resume operations if they comply with any applicable emergency order, rule or regulation. 

SB97 by Sen. Whatley: To provide that an executive declared state of emergency terminates after 14 days and may be extended only by joint resolution of the Legislature or, if the Legislature is not in Session, by joint proclamation of the President Pro Tempore of the Senate and the Speaker of the House. 

SB140 by Sen. Melson: To specify the responsibilities and duties of owners, operators, occupants, and creditors of a self-storage facility in the event of default of a rental agreement. 

SB332 by Sen. Hatcher: To amend existing law to update a reference to the federal motor carrier safety regulations relating to entry level driver training requirements. 

SB264 by Sen. Chesteen: To provide that existing law prohibiting the capturing or killing of animals during nighttime hours would not apply to feral swine or coyotes hunted on privately owned or leased lands. 

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SB308 by Sen. Price: To establish the Alabama Uniform Concealed Carry Permit Act to standardize the process by which concealed carry permits may be issued, and create a state firearms prohibited person database.

Significant committee action this week

HB238 by Rep. Shaver: To provide that if a person is convicted of boating or driving under the influence, the person’s boating and driver’s licenses will be suspended; to require a person to operate a vessel at idle speeds under certain conditions; to provide boater safety certification requirements (Public hearing but no vote in House Judiciary Committee). 

HB548 by Rep. Pringle: To remove the requirement that the chief legal counsel and assistant legal counsel of the Department of Examiners of Public Accounts be deputy attorneys general (Amended in House State Government Committee). 

HB560 by Rep. Isbell: To allow any retailer licensed to sell alcoholic beverages for off-premises consumption to use a drive-through or walk-up window for the purchase of beer and wine, and require the Alcoholic Beverage Control Board to adopt rules (House Economic Development and Tourism Committee). 

SB11 by Sen. Givhan: To exempt airport authorities from paying sales and use taxes, and to include airport authorities in the list of governmental entities that may be issued an annual certificate of exemption (House Ways and Means Education Committee). 

SB70 by Sen. Livingston: To provide the same limited and sovereign immunity, and ability to participate in the Educators Liability Trust Fund, to the Board of Trustees of the Alabama School of Cyber Technology and Engineering and the administrative staff, teachers, and employees of the school (House Ways and Means Education Committee). 

SB158 by Sen. Smitherman: To create a Law Enforcement Officer Employment Database, and require law enforcement agencies to report certain complaints, disciplinary actions, and background information (Substituted in House Judiciary Committee). 

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SB204 by Sen. Williams: To provide further for qualifications of members appointed to the Alabama Professional Bail Bonding Board, to authorize the issuing of apprentice licenses, and require the successful completion of certain education before regular licensure (Amended in House Boards, Agencies and Commissions Committee). 

SB298 by Sen. Orr: To clarify that any grants awarded by the Alabama Innovation Act to a research entity must be the result of a partnership with a private sector applicant, and to authorize the Alabama Department of Economic and Community Affairs (ADECA) to establish a competitive scoring system to award grants (House Ways and Means Education Committee). 

HB167 by Rep. Blackshear: To prohibit an Alabama voter from voting or attempting to vote in this state and also in another state (Amended in Senate Fiscal Responsibility and Economic Development Committee). 

HB246 by Rep. Gray: To authorize local boards of education to offer yoga to students in grades K-12 (Public hearing and carried over in Senate Judiciary Committee). 

HB391 by Rep. Stadthagen: To provide that public K-12 schools may not participate in, sponsor, or provide coaching staff for interscholastic athletic events at which athletes are allowed to participate in competition against athletes who are of a different biological gender (Amended in Senate Education Policy Committee). 

HB458 by Rep. Crawford: To provide that existing law prohibiting the capturing or killing of animals during nighttime hours would not apply to feral swine or coyotes hunted on privately owned or leased lands (Amended in House Agriculture, Conservation and Forestry Committee). 

SB165 by Sen. Orr: To provide for the rights of citizens to access public records, establish procedures for making and responding to requests for access, and establish administrative and judicial remedies (Amended in Senate Judiciary Committee). 

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SB334 by Sen. Whatley: To allow any retailer licensed to sell alcoholic beverages for off-premises consumption to use a drive-through or walk-up window for the purchase of beer and wine, and require the Alcoholic Beverage Control Board to adopt rules (Senate Judiciary Committee). 

SB345 by Sen. Singleton: To establish the Pilot Program for Small Business Development under the Board of Pardons and Paroles (Senate Finance and Taxation General Fund Committee.). 

Significant introductions this week

HB575 by Rep. Holmes: To prohibit a candidate or poll watcher from assisting an individual with voting and to make municipal election laws regarding assistance with voting consistent with non-municipal voting laws. 

HB576 by Rep. Whorton: To provide that Alabama would observe Daylight Savings Time year-round if an act of Congress amends the current prohibition in federal law. 

HB586 by Rep. C. Brown: To restrict the location of a mobile home park or recreational vehicle park or the sitting and installation of a mobile home, manufactured housing unit, or a manufactured building within a certain distance of Mobile Bay with exceptions. 

SB355 by Sen. Whatley: To increase the maximum compulsory K-12 school attendance age from 17 to 18 years and to raise the age at which a student may withdraw from public school from 18 to 19 years. 

SB374 by Sen. Williams: To substantially revise the law governing tax collection and the duties and powers thereof. 

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On the lighter side

The House State Government Committee gave a favorable report to a bill that would designate the sweet potato as the official state vegetable of Alabama. If enacted, the sweet potato will join the Monarch Butterfly (State Insect), the Pecan (State Nut), and the Alabama Red-Bellied Turtle (State Reptile), among others, as an official symbol of the State of Alabama (SB171 by Senator Garlan Gudger). 

Significant bills enacted

HB170 Rep. Garrett: To provide for an exclusion from Alabama individual income taxation for any federal tax credits, advance refunds, Small Business Administration subsidy payments, Emergency Injury Disaster Loans, student loan payments, or qualified disaster relief payments, and adjust certain business taxes; exempts $8.7 million in stimulus payments. 

HB192 Rep. Poole: To reestablish and expand the Alabama Jobs Act and the Growing Alabama Credit for attracting new and expanding businesses. 

HB231 Rep. Clouse: To make a supplemental appropriation of available federal funds from the Alabama Emergency Rental Assistance fund to the Department of Finance of an estimated $263,236,067 for the fiscal year ending September 30, 2021. 

SB30 Sen. Orr: To provide civil immunity for business entities, health care providers, educational entities, churches, governmental entities, and cultural institutions operating in this state, as well as individuals associated with these entities, from certain damages claimed by individuals who allege that they contracted or were exposed to Coronavirus during a declared state of emergency. 

SB76 Sen. Orr: To establish a procedure to authorize wireless providers to collocate, mount, or install small wireless facilities on existing poles, or install new poles on the right-of-way of the state or any agency, county, or municipality. 

HJR6 Rep. Clarke: To honor Mr. James K. Lyons for his contributions to the State of Alabama as Director and Chief Executive Officer of the Alabama State Port Authority.

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HJR5 Rep. Lee: To extend the existing sales and use tax exemption on parts, components, and systems used in the refurbishing of aircraft. 

SB80 Sen. Butler: To require a county or municipality within two miles of any portion of a military installation to give an affected military installation notice and an opportunity for review of any proposed tall structure or wind energy facility for potential impacts prior to approving the tall structure or wind energy facility. 

Budgets

HB309 Rep. Clouse: General Fund Budget Passed by House as substituted and amended, pending in Senate Finance and Taxation General Fund Committee.

SB189 Sen. Orr: Education Budget Passed by Senate as substituted and amended, pending in House Ways and Means Education Committee.

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Admiral SOUTHCOM: American security is linked to the stability of Latin America and the Caribbean https://gnet.org/admiral-southcom-american-security-is-linked-to-the-stability-of-latin-america-and-the-caribbean/ https://gnet.org/admiral-southcom-american-security-is-linked-to-the-stability-of-latin-america-and-the-caribbean/#respond Wed, 07 Apr 2021 23:16:11 +0000 https://gnet.org/admiral-southcom-american-security-is-linked-to-the-stability-of-latin-america-and-the-caribbean/ Why should Americans, facing serious global challenges, care about Latin America and the Caribbean, a region that does not often make the headlines? From the Arctic to the Antarctic, the Western Hemisphere is our common neighborhood. At the center of this hemisphere, Latin America and the Caribbean is a promising region defined by its geographic […]]]>

Why should Americans, facing serious global challenges, care about Latin America and the Caribbean, a region that does not often make the headlines?

From the Arctic to the Antarctic, the Western Hemisphere is our common neighborhood. At the center of this hemisphere, Latin America and the Caribbean is a promising region defined by its geographic proximity, people sharing shared values, abundant resources and economic potential. It is a hemisphere of freedom.

Yet if we do not invest in its security wisely and quickly, we risk increased instability at home. From drug cartels to Chinese influence operations, to the damage and human toll of today’s super storms and pandemic, Latin America and the Caribbean face extraordinary challenges. that could easily threaten our own national security.

When I was growing up, my dad ran several small businesses in western Pennsylvania, and he always said – repeating three times to emphasize – that “location, location, location is the key to success.” Geographical proximity is important.

The Department of Defense United States Southern Command (SOUTHCOM) area of ​​responsibility includes key maritime lines of communication, such as the Panama Canal and the Strait of Magellan. In a global economy, these strategic waterways are essential to ensuring the security of our nation’s supply chains. Our shared neighborhood is also rich in resources. With only 8% of the world’s population, Latin America and the Caribbean have 31 percent of the world’s fresh water and will account for about 25 percent of world exports of agricultural and fishery products by 2028. The region is rich in timber, oil, gas, rare earths and other resources, all essential for global economic growth.

Our “neighborhood” is also linked by family, and these links run deep. Twenty percent of the US population has ties to the region, with our Spanish-speaking population ranking second in the world. Many families, including mine, have direct links; my stepfather immigrated to the United States from Brazil. These intimate interpersonal bonds are amplified by our common values ​​and our faith in democracy.

The combination of proximity, abundant resources and people-to-people connections has led to a strong economic bond and potential for strategic partnerships. Trade in the United States $ 1.9 trillion per year with the Western Hemisphere, according to the Office of the United States Trade Representative – more than our trade with China.

Threats in the Western Hemisphere are persistent, real and pose a formidable risk to our national security. Transnational criminal organizations (TCOs) directly threaten our citizens, contribute tens of thousands of American deaths each year, and profit from a global cocaine industry worth more than $ 90 billion. TCOs create instability and violence, contributing to the terrible statistic that 43 of the 50 most dangerous cities in the world are in our hemisphere, which pushes the flow of migrants towards the American border. TCOs control the territory and are involved in all forms of illicit activity, fueling corruption, illicit financing and profiting from the trafficking of people, weapons and natural resources.

To make matters worse, the Americas is one of the regions hardest hit by the coronavirus pandemic. According to the Pan American Health Organization, the region has 22.1 million cases, with more than 700,000 reported deaths. The health, economic and social impacts of this pandemic will change the hemisphere for years to come. In the midst of this crisis, two consecutive Category 4 and 5 hurricanes devastated parts of Central America. The pandemic and these unprecedented storms have added to an already difficult vicious cycle of threats that endanger a secure, stable and democratic Western Hemisphere.

The US response to the pandemic and hurricanes Eta and Iota in the region has been swift and significant. For example, SOUTHCOM’s support for US government efforts saved more than 850 lives in the aftermath of hurricanes. In addition, the U.S. government has pledged $ 4 billion in aid to Central America over four years to address the root causes of human insecurity and irregular migration, including poverty, violence and violence. corruption that open the doors to competitors like China, Russia and Iran, who seek to take advantage of the democracies in this region.

China, in particular, builds critical infrastructure projects, negotiates port deals and install high-tech surveillance technology from Argentina to Jamaica to Mexico. Countries whose economies are failing due to the pandemic are increasingly sensitive to China’s influence: 19 countries in Latin America and the Caribbean are participating in the China Belt and Road Initiative, with at minus $ 150 billion in pledged loans. But China’s aid often comes with little transparency, exposing countries to unmanageable debt and, ultimately, loss of sovereignty.

As the Interim Strategic Directions on National Security and Secretary of Defense Message to the Force suggest, we must compete with China both globally and in our Western Hemisphere with a sense of urgency.

We cannot face such daunting challenges alone. The only way to counter these threats is to build a strong team – a team that includes our regional partners, allies closely linked to the hemisphere, international institutions, NGOs and the private sector – to win this strategic competition. The military brings to the table capabilities that are essential to building our neighbors’ institutions and resilience in the face of the threats they face. We have programs in place to help our partners develop diverse and inclusive armies that respect the rule of law and human rights – professional forces needed to secure and stabilize our common home.

Ultimately, if our neighbors are stronger, we are all stronger.

US Navy Admiral Craig Faller will testify before the Senate Armed Services Committee Tuesday March 16. He became the commander of United States Southern Command in November 2018. His naval career includes commanding the USS Stethem, USS Shiloh and Carrier Strike Group 3, as senior military assistant to the Secretary of Defense and as Deputy Head of Naval Operations.

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Funding Circle US leaves the Marketplace Lending Association https://gnet.org/funding-circle-us-leaves-the-marketplace-lending-association/ https://gnet.org/funding-circle-us-leaves-the-marketplace-lending-association/#respond Wed, 07 Apr 2021 23:15:53 +0000 https://gnet.org/funding-circle-us-leaves-the-marketplace-lending-association/ Funding Circle US is believed to have left the Marketplace Lending Association (MLA), a trade body it helped set up in 2016. The peer-to-peer commercial lender, which founded the MLA together with its peers Prosper and LendingClub, is no longer listed as a member on the organization’s website. Fundraising Circle spokespersons declined to comment directly […]]]>

Funding Circle US is believed to have left the Marketplace Lending Association (MLA), a trade body it helped set up in 2016.

The peer-to-peer commercial lender, which founded the MLA together with its peers Prosper and LendingClub, is no longer listed as a member on the organization’s website.

Fundraising Circle spokespersons declined to comment directly on the departure, but said the company continued to support the MLA.

Read more: Funding Circle US expected to benefit from the extension of PPPs

It is understood that the MLA has a strong focus on the consumer credit space, while Funding Circle lends only to businesses.

Funding Circle US joined the Innovative Lending Platform Association (ILPA) in the fourth quarter of 2020, which is purely open to commercial lenders.

Read more: When will the Funding Circle reopen to retail investors?

The platform is also a founding member of the Responsible Business Lending Coalition (RBLC) in the United States and author of the Borrower Bill of Rights, which promotes six fundamental rights for small business owners seeking financing and provides advice on how lenders can enforce these rights.

Read more: Funding Circle to launch more products and continue to offer government guaranteed loans

These include the right to: transparent prices and terms, non-abusive products, responsible underwriting, fair treatment by brokers, inclusive access to credit, and fair collection processes.

This month, the MLA and the Online Lending Policy Institute have merged to form the American Fintech Council. Prosper, LendingClub and Victory Park Capital are among the founding members.

The MP has been contacted for comment.

Read more: Funding Circle turns profitable as loan book hits record £ 4.2bn

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Gov. Charlie Baker set to appoint new Western Massachusetts SJC judge (Editorial) https://gnet.org/gov-charlie-baker-set-to-appoint-new-western-massachusetts-sjc-judge-editorial/ https://gnet.org/gov-charlie-baker-set-to-appoint-new-western-massachusetts-sjc-judge-editorial/#respond Wed, 07 Apr 2021 23:14:49 +0000 https://gnet.org/gov-charlie-baker-set-to-appoint-new-western-massachusetts-sjc-judge-editorial/ Today, the state’s lower courts will recess in honor of Chief Judicial Supreme Court Justice Ralph Gants. Courts will be closed to public affairs as a “Remembrance Day” for Gloves, who passed away earlier this week. This will give the courts, the legal community and all of Massachusetts a moment to pay tribute to a […]]]>

Today, the state’s lower courts will recess in honor of Chief Judicial Supreme Court Justice Ralph Gants. Courts will be closed to public affairs as a “Remembrance Day” for Gloves, who passed away earlier this week.

This will give the courts, the legal community and all of Massachusetts a moment to pay tribute to a lawyer who, as his fellow judges of the state’s highest court have said, is committed to “l ‘equity, equality before the law and justice for all’. “

Just 10 days ago, the four-year study at Harvard Law School, ordered by Gants, has been released. He documented racial and ethnic disparities in the state’s criminal justice system.

The Chief Justice called the report “must read” for anyone committed to understanding the reasons for these disparities and taking action to end them. It provided a point of embarkation for a journey that Gants would have passionately and sensitively commissioned for our state’s justice system to work towards eliminating these disparities.

Now, in addition to the sadness associated with the loss of Gloves, far too young at just 65, the State of Massachusetts and Governor Charlie Baker face a pivotal moment in the history of its highest court.

With his appointing powers, Baker now has an unprecedented opportunity to turn the Judicial Supreme Court into a bench made up entirely of Baker. Typically, governors get perhaps two High Court appointments during their tenure. Before Gants’ death, Baker already knew he was set to take another seat on the pitch by the end of the year with the retirement of Judge Barbara Lenk, who will leave as she reaches the compulsory retirement age of 70 years. owed to the governor a week ago.

We hope that the governor assesses potential court candidates that he carefully thinks about the advice offered three years ago when, in quick succession, he had three seats to fill in the court between August 2016 and August 2017. One of the retirees at the time was Judge Francis X. Spina, of Pittsfield.

Until Spina’s departure, there had been at least one member of the Western Massachusetts court in the past 100 years, and at one point there were two members.

As Baker reviewed the candidates at the time, he was also urged by U.S. Rep. Richard E. Neal, D-Springfield, 19 lawmakers from western Massachusetts, the presidents of the four bars of the region and of the clerks of four superior courts to have geographic diversity in the field. Newly elected governor’s adviser Mary Hurley has also lobbied the governor on the matter and made it one of her missions going forward.

In June, when Baker announced the last of the three appointments, Chief Justice of the Court of Appeal Scott J. Kafker of Swampscott, the governor, when asked about the issue of regional diversity, said: Clearly, we will continue to take our obligation and responsibility to ensure that the court remains diverse both geographically and in terms of ethnicity and perspective as a key part of our decision-making process going forward.

Lenk’s retirement will leave a five-member tribunal who hails from eastern Worcester County and practiced extensively in Greater Boston. There will also only be one person of color, Kimberly S. Budd, who through family connections has ties to western Massachusetts. She is the daughter of Wayne A. Budd, a native of Springfield and a former US attorney.

The argument in favor of regional diversity is not to be taken lightly. We continue to be a state of two distinct regions, with very different challenges and economies. The governor and attorney general both have offices in western Massachusetts, which shows how this region is viewed as a separate area of ​​the state with its own issues and concerns. The Supreme Judicial Court and the Court of Appeals both have administrative and other functions in which regional concerns are regularly addressed and both courts, with some regularity, convene sessions in western Massachusetts.

We strongly urge Governor Baker to respond to the need to have as much diversity as possible at the highest court in the state, not only gender and color diversity, but regional diversity as well. The time has come for the appointment of a judge from western Massachusetts.

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CFPB director Kraninger resigns at Biden’s request (1) https://gnet.org/cfpb-director-kraninger-resigns-at-bidens-request-1/ https://gnet.org/cfpb-director-kraninger-resigns-at-bidens-request-1/#respond Wed, 07 Apr 2021 23:14:49 +0000 https://gnet.org/cfpb-director-kraninger-resigns-at-bidens-request-1/ Director of the Consumer Financial Protection Bureau, Kathy Kraninger, announced her resignation on Wednesday. Kraninger, a Trump-appointed person who obtained Senate confirmation for the post in December 2018, tendered his resignation within an hour of President Biden’s inauguration and at the president’s request. She intends to leave immediately. “I support the president’s constitutional prerogative to […]]]>

Director of the Consumer Financial Protection Bureau, Kathy Kraninger, announced her resignation on Wednesday.

Kraninger, a Trump-appointed person who obtained Senate confirmation for the post in December 2018, tendered his resignation within an hour of President Biden’s inauguration and at the president’s request. She intends to leave immediately.

“I support the president’s constitutional prerogative to appoint senior officials in government who support the president’s political priorities, which ensures that our government responds to the will of the people expressed in the presidential elections,” Kraninger wrote in a letter. in Biden.

Biden was expected to fire Kraninger if she didn’t go on her own. The June decision of the United States Supreme Court Seila Law LLC v CFPB makes the director of the independent and self-funded agency an employee at will of the president by removing the protections of dismissal for cause.

On January 18, Biden announced he would appoint Federal Trade Commission Commissioner Rohit Chopra, former CFPB Student Loans Ombudsman, for a five-year term as office manager. It’s unclear whether Biden will call on Chopra to take over CFPB on an interim basis, or appoint another official.

During Kraninger’s tenure, the CFPB reduced regulation of the payday lending industry, finalized rules for the debt collection industry, and made a host of other changes to consumer credit regulation.

Biden was expected to fire Kraninger if she didn’t go on her own. The June decision of the United States Supreme Court Seila Law LLC v CFPB makes the director of the independent and self-funded agency an employee at will of the president by removing the protections of dismissal for cause.

The CFPB under Kraninger’s tenure also experienced a slowdown in enforcement compared to Obama-era CFPB director Richard Cordray.

Under Kraninger’s two-year tenure, the CFPB raised around $ 1.5 billion in consumer aid. Cordray’s CFPB has raised more than $ 12 billion in consumer assistance over more than five years.

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Suros Capital expands its intermediary team https://gnet.org/suros-capital-expands-its-intermediary-team/ https://gnet.org/suros-capital-expands-its-intermediary-team/#respond Wed, 07 Apr 2021 23:14:49 +0000 https://gnet.org/suros-capital-expands-its-intermediary-team/ “I am particularly keen to demonstrate how an individual’s assets can fund investment opportunities as they arise.” Asset-backed luxury lender Suros Capital has appointed Charles Hodge as director of business development to build relationships with intermediaries and companies involved in providing procurement services to high net worth individuals and families. Charles was the founder of […]]]>

“I am particularly keen to demonstrate how an individual’s assets can fund investment opportunities as they arise.”

Asset-backed luxury lender Suros Capital has appointed Charles Hodge as director of business development to build relationships with intermediaries and companies involved in providing procurement services to high net worth individuals and families.

Charles was the founder of Quintessentially South Africa in 2004 and upon his return to the UK in 2010 he started consulting for family and private offices specializing in lifestyle management and luxury asset acquisition . He was also vice president of luxury asset lender Borro.

Suros Capital was launched in November 2020 and lends exclusively through intermediaries. It provides short term loan facilities specifically for people looking to raise funds quickly, secured by luxury assets such as jewelry, fine art, watches, luxury and classic cars and fine wines. .

He said: “I am delighted to join Suros Capital and bring their proposition to the HNW intermediary community. Suros represents a tremendous opportunity for individuals to quickly generate funds for acquisitions or to pay for unforeseen financial calls requiring immediate settlement. However, I am particularly keen to demonstrate how an individual’s assets can fund investment opportunities as they arise. Many of these opportunities require investors to act quickly. Funding efforts with banks may take too long or be rejected out of hand for those who are temporarily cash-poor but have strong assets. Using the Suros facility means that short-term financing can be put in place as quickly as an asset appraisal can be arranged and then repaid over the life of the loan. “

Suros Capital Director Ray Palmer added: “We are delighted to welcome Charlie to Suros. His experience in financing and sourcing luxury assets for the HNW sector and an impressive list of intermediary contacts, combined with his passion for providing a personal hands-on service, can only benefit Suros Capital and our partners. customers as we build on our successful launch last November. year.”

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Monson Selectmen appoints Deputy Town Manager for South Hadley, Jennifer Wolowicz as Interim Town Manager https://gnet.org/monson-selectmen-appoints-deputy-town-manager-for-south-hadley-jennifer-wolowicz-as-interim-town-manager/ https://gnet.org/monson-selectmen-appoints-deputy-town-manager-for-south-hadley-jennifer-wolowicz-as-interim-town-manager/#respond Wed, 07 Apr 2021 23:14:49 +0000 https://gnet.org/monson-selectmen-appoints-deputy-town-manager-for-south-hadley-jennifer-wolowicz-as-interim-town-manager/ MONSON – The Selectmen board of directors voted 2-1 on Tuesday to appoint Jennifer Wolowicz as interim city administrator. She is currently Deputy Administrator for the Town of South Hadley. According to the vote of the Monson board of directors, the offer to Wolowicz is contingent on the successful negotiation of an employment contract by […]]]>

MONSON – The Selectmen board of directors voted 2-1 on Tuesday to appoint Jennifer Wolowicz as interim city administrator.

She is currently Deputy Administrator for the Town of South Hadley.

According to the vote of the Monson board of directors, the offer to Wolowicz is contingent on the successful negotiation of an employment contract by the parties.

Three applied for the position.

In her interview on Tuesday, Monson selectmen chairman Richard Smith asked Wolowicz if she was “looking to get out” of South Hadley, where she has worked for 15 years.

“I’m looking to progress myself,” she replied, adding that she had recently obtained a master’s degree in public administration.

Monson City Trustee Evan Brassard is leaving next week to become Grafton City Trustee.

Carter Terenzini and Ted Kopak were the other finalists for the Monson position.

Monson’s selectmen are also search process for a permanent administrator, with an appointment on this subject scheduled by the end of spring. This job was posted with an annual salary of $ 115,000.

In addition to his municipal duties at South Hadley, Wolowicz is a member of the board of directors of the Massachusetts Water Resources Authority, which is an appointment by the governor of Massachusetts.

She was appointed to this post in 2013.

Prior to being promoted to Deputy Administrator for the Town of South Hadley, she was the Personnel Administrator / Head of Purchasing.

Wolowicz earned an associate’s degree in business management from Holyoke Community College, a bachelor’s degree in business management from Elms College, and a master’s degree in public administration from Westfield State University.

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Itaú Corpbanca files an important event notice announcing the https://gnet.org/itau-corpbanca-files-an-important-event-notice-announcing-the/ https://gnet.org/itau-corpbanca-files-an-important-event-notice-announcing-the/#respond Wed, 07 Apr 2021 23:14:48 +0000 https://gnet.org/itau-corpbanca-files-an-important-event-notice-announcing-the/ SANTIAGO, Chile, March 18, 2021 (GLOBE NEWSWIRE) – ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it has filed an important event notice with the Chilean Financial Market Commission reporting that at today’s Annual Ordinary General Meeting of Shareholders, our shareholders have agreed to appoint Messrs. Rogerio Braga and Matias Granata as members of […]]]>

SANTIAGO, Chile, March 18, 2021 (GLOBE NEWSWIRE) – ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it has filed an important event notice with the Chilean Financial Market Commission reporting that at today’s Annual Ordinary General Meeting of Shareholders, our shareholders have agreed to appoint Messrs. Rogerio Braga and Matias Granata as members of our board of directors. The full material event notice is available on the company’s investor relations website at ir.itau.cl.

About Itaú Corpbanca

ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) is the entity resulting from the merger of Banco Itaú Chile with and in Corpbanca on April 1, 2016. The current ownership structure is: 39.22% owned by Itaú Unibanco, 27.16% owned by the Saieh family and 33.29 % held by minority shareholders. Itaú Unibanco is the sole majority shareholder of the merged bank. In this context and without limiting the foregoing, Itaú Unibanco and CorpGroup have signed a shareholders’ agreement relating to corporate governance, dividend policy (based on performance and capital indicators), transfer of stocks, liquidity and other matters.

The bank is the fifth largest private bank in Chile and, according to its mandate, is the banking platform for future expansion in Latin America, particularly Chile, Colombia and Peru. Itaú Corpbanca is a Chile-based commercial bank with additional operations in Colombia and Panama. In addition, Itaú Corpbanca has a branch in New York and a representative office in Lima. Focused on large and medium-sized businesses and individuals, Itaú Corpbanca offers universal banking products. In 2012, the bank began a process of regionalization and, as of the date hereof, acquired two banks in Colombia ‒Banco Corpbanca Colombia and Helm Bank‒, thus becoming the first Chilean bank to have banking subsidiaries abroad. The merger with Banco Itaú Chile and the business combination of our two banks in Colombia represent the continued success of our regionalization process.

As of December 31, 2020, according to the Chilean Financial Market Commission, Itaú Corpbanca was Chile’s fifth-largest private bank in terms of the overall size of its customer loan portfolio, accounting for 9.9% market share. As of the same date, according to the Colombian Superintendent of Finance, Itaú Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and the ninth in terms of total deposits, according to local regulatory and accounting principles. As of December 31, 2020, its market share in loans reached 4.0%.

Investor relations – Itaú Corpbanca

+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl

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Three local women, including ex-mayor Kelli Prather, accused of PPP fraud https://gnet.org/three-local-women-including-ex-mayor-kelli-prather-accused-of-ppp-fraud/ https://gnet.org/three-local-women-including-ex-mayor-kelli-prather-accused-of-ppp-fraud/#respond Wed, 07 Apr 2021 23:14:48 +0000 https://gnet.org/three-local-women-including-ex-mayor-kelli-prather-accused-of-ppp-fraud/ CINCINNATI – Three Cincinnati women, including former hopeful Mayor Kelli Prather, have received hundreds of thousands of dollars in federal pandemic relief funds after lying in their demands, according to federal prosecutors. Prather, 48 years old; Toni Wright, 34; and Melissa McGhee, 37, are each charged with bank fraud in connection with their loan applications […]]]>

CINCINNATI – Three Cincinnati women, including former hopeful Mayor Kelli Prather, have received hundreds of thousands of dollars in federal pandemic relief funds after lying in their demands, according to federal prosecutors.

Prather, 48 years old; Toni Wright, 34; and Melissa McGhee, 37, are each charged with bank fraud in connection with their loan applications and could face more than 30 years in prison.

Prather applied for six Paycheck Protection Program loans – one for each of six businesses she claimed to own: Enhanced Healthcare Solutions, Life Skills Improvement, Prather Property Management, Reliable Ambulet Services, Services management Rich Glo and Tots R Us.

She asked for $ 600,000 but only received $ 19,800, prosecutors said.

According to court documents, Prather spent more than $ 8,000 on unprofessional expenses, at places like Kroger, Staples, Krispy Kreme, AAA Car Wash and the Park Place restaurant in Forest Park.

An ex-boyfriend told special agents that Prather gave her a check for $ 8,000 as payment for a house in Madisonville that she had previously purchased and then listed in his name. It required serious work and was not conducive to housing a business, he told investigators. The Kenwood Road address was used in the loan application for some Prather businesses.

Prather is charged with bank fraud, aggravated identity theft, misrepresentation, misrepresentation in connection with credit or loan applications, and misrepresentation of a social security number.

Lawyer Arica Underwood declined to comment on the case on Wednesday.

More WCPO 9 I-Team coverage of PPP loans:

The other suspects got much bigger payouts.

McGhee submitted seven different requests for pandemic relief and got three for a payment of $ 186,000. The money went into real estate and a mortgage, prosecutors said.

She faces charges of bank fraud, major disaster or emergency benefit fraud, electronic fraud, and misrepresentation and misrepresentation in connection with credit or loan applications.

Lawyer Herbert Haas noted on Wednesday that McGhee had not yet been charged with the charges.

“When these requests are made, they are made through a bank that reviews the applicant’s loan application before granting any type of loan,” Haas said.

Prosecutors wrote that Wright, the last local suspect, received $ 349,000 in fraudulent PPP loans after claiming to be the sole owner of three companies: Poshedbar, Beautiful Beginnings Doula Service and Jerry’s Electronics.

She generously spent the money when she got it. According to prosecutors, Wright “claims to have used P3 funds for various personal purchases, such as restaurants through DoorDash, retail establishments such as Michael Kors, Louis Vuitton, Kay Jewelers, and vacation activities such as Kings Island,” Luxury Rentals Miami and American Airlines. “

At least $ 10,000 went to Sono Bello cosmetic spa. Several thousand dollars were spent on what special agents called a “gambling spree” at local casinos.

She faces charges of bank fraud, major disaster or emergency benefit fraud, electronic fraud, and misrepresentation and misrepresentation in connection with credit or loan applications.

A Dayton, Ohio man – Jon Bader – is accused of registering his auto business in June 2020, well past the loan eligibility limit. He is accused of having lied on his request and of having received more than $ 120,000.

Court documents allege Bader spent as much as $ 67,000 last summer – on trips to Florida, on deliveries through DoorDash and to stores like Puma, Lacoste and Saks.

He is charged with bank fraud, major disaster or emergency benefit fraud, electronic fraud, misrepresentation and misrepresentation in connection with credit or loan applications.

Bader’s attorney, Robert Kelly, declined to comment.

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