Economic development

AIBOT Secures First Distribution of $15 Million CalCompetes Grant, Demonstrating Significant Progress and Commitment to California

Retrieved on: 
Thursday, May 2, 2024
Safety, NASA, Partnership, Business, Engineering, Blade, Aircraft, Economic development, Growth, Honeywell

LONG BEACH, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- AIBOT, a pioneer in Electric Vertical Takeoff and Landing (eVTOL) technology, proudly announces the receipt of the first installment of the $15 million CalCompetes Grant awarded by the California Governor’s Office of Business and Economic Development. This funding milestone underscores AIBOT's successful completion of its 2023 goals set forth in the formal grant agreement for both growth and investment and reiterates its steadfast dedication to driving innovation and economic growth within California.

Key Points: 
  • Fundraising Success: In June, the company successfully completed its Founding II Fundraising, securing essential capital to fuel its continued innovation and expansion.
  • Technological Breakthroughs: July marked a significant achievement with the successful demonstration of fully automated takeoff and landing technologies.
  • Building on last year's success, 2024 has already seen AIBOT complete the design and build of its uncrewed production-intent version of the AIBOT 700.
  • With strong strategic partnerships and the first distribution of grant funds, AIBOT is preparing for the commercial launch of the AIBOT 700 unmanned aiEVTOL aircraft.

238 residents graduate from first 2024 cohort of the Hospitality Training Institute of Michigan’s training program

Retrieved on: 
Thursday, May 2, 2024
HTIM, ServSafe, Labour, Mental health, Workforce, Student, Economic development, Overalls, Nursing

Previously, HTIM piloted this program to about 100 students and with the support of the Michigan Department of Labor and Economic Development, expanded the program to reach additional Michiganders looking for a rewarding and high-paying career.

Key Points: 
  • Previously, HTIM piloted this program to about 100 students and with the support of the Michigan Department of Labor and Economic Development, expanded the program to reach additional Michiganders looking for a rewarding and high-paying career.
  • “And most of all I loved getting to connect with others who had similar goals to me in the industry.
  • As an integral part of Michigan’s economy, the HTIM program provides an avenue for employees to grow and develop in hospitality, building a stronger workforce here in Michigan.
  • HTIM will continue to offer this $2,500 course for free to the first 2,000 registrants, in addition to providing a $500 stipend to every successful graduate.

Tract Signs Lease on 20,000 Square Foot Office in Cherry Creek

Retrieved on: 
Thursday, May 2, 2024
Citadel, CO, City, Data center, Tenant, Water, Economic development, Management

The new office will serve as its headquarters, with the initial lease period extending through 2031 and tenant improvement projects commencing immediately.

Key Points: 
  • The new office will serve as its headquarters, with the initial lease period extending through 2031 and tenant improvement projects commencing immediately.
  • The new office anchors Tract to Colorado and will provide a long-term home for the company’s rapidly growing employee base.
  • Tract has expanded its national team to over 50 employees working on development projects spanning 10 states.
  • "We have rapidly outgrown our initial footprint in Cherry Creek and expect significant further hiring over the coming years," said Grant van Rooyen, CEO of Tract.

Federal Home Loan Bank of San Francisco Announces First Quarter 2024 Operating Results

Retrieved on: 
Thursday, April 25, 2024
Investment, Housing, Federal Home Loan Banks, AHP, WISH, Partnership, Development, Bank, Access, Economic development, Philosophy, SAN

SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results.

Key Points: 
  • SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results.
  • “The Federal Home Loan Bank of San Francisco continues to be a critical engine of economic vitality across our three-state region,” said Teresa Bryce Bazemore, president and chief executive officer.
  • “In the first quarter of 2024, we remained an important provider of on-demand, low-cost liquidity to our member institutions, supporting community lending and economic health.
  • The quarterly dividend will total $66 million, and the Bank expects to pay the dividend on May 9, 2024.

Intermountain Health Receives Colorado Grant to Hire Frontline Healthcare Job Seekers and Guide Them to Higher-Level Jobs and Provide Upfront Tuition

Retrieved on: 
Thursday, April 25, 2024
Interview, Learning, PEAK, BSN, Mentorship, Problem solving, Communication, Parent, Transport, Employment, Life, Growth, International trade, Pathfinder, Nursing, Work, RN, Workforce, Economic development, Intermountain Health

Intermountain Health will use the grant to launch Pathfinders: an AI-supported fully connected talent pipeline to engage, hire and provide upfront tuition coverage for entry-level frontline healthcare job seekers.

Key Points: 
  • Intermountain Health will use the grant to launch Pathfinders: an AI-supported fully connected talent pipeline to engage, hire and provide upfront tuition coverage for entry-level frontline healthcare job seekers.
  • I'm proud to say at Intermountain, we aren't just adapting, we're leading the way through programs like Pathfinders,” said Heather Brace, chief people officer at Intermountain Health.
  • Following successful implementation in two Colorado counties, Intermountain aims to scale the Pathfinders talent pipeline pilot project to other Colorado healthcare employers and other locations where Intermountain has facilities.
  • Job seekers can find more information about jobs available at Intermountain Health in the Denver and Grand Junction areas by visiting the Intermountain Health careers webpage or by sending an email to [email protected] or by calling 1-800-843-7820.

Gov. Holcomb announces Amazon Web Services plans to invest $11B to create a new data center campus in Northern Indiana

Retrieved on: 
Thursday, April 25, 2024
Amazon (company), Public sector, AMZN, Amazon Web Services, Investment, State, IEC, Commissioner, Growth, Cloud computing, Hoosier, Economic development, AWS, Health, Renewable energy

NEW CARLISLE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation, today announced that Amazon Web Services (AWS), an Amazon.com .

Key Points: 
  • NEW CARLISLE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation, today announced that Amazon Web Services (AWS), an Amazon.com .
  • Inc. company (NASDAQ: AMZN), plans to invest $11 billion to build a data center campus in north central Indiana and create at least 1,000 new jobs.
  • “Amazon has long been an important economic partner in Indiana, and we are excited to welcome AWS.
  • “This new data center campus to be built in the Indiana Enterprise Center (IEC) over the next decade will be a major employment center for all of northern Indiana.

Governor DeWine, JobsOhio Announce Completion of JobsOhio Network with Addition of Lake to River Region

Retrieved on: 
Wednesday, April 24, 2024
Ecosystem, Investment, News, State, Team, Partnership, Combined statistical area, Youngstown State University, Local, Economic development, Ohio River, Workforce, Growth, Canal

(YOUNGSTOWN, Ohio), April 24, 2024 (GLOBE NEWSWIRE) -- Ohio Governor Mike DeWine and JobsOhio announced today the addition of a new JobsOhio network region, Lake to River Economic Development.

Key Points: 
  • (YOUNGSTOWN, Ohio), April 24, 2024 (GLOBE NEWSWIRE) -- Ohio Governor Mike DeWine and JobsOhio announced today the addition of a new JobsOhio network region, Lake to River Economic Development.
  • “Today we are pleased to celebrate this progress by completing the JobsOhio network with the addition of the Lake to River Economic Development region."
  • The addition of the Lake to River region completes the JobsOhio network.
  • "The opportunity to be part of the JobsOhio network is welcome news for our region,” said Lake to River Board President Chuck George.

C-FER Technologies Working with Taiwan R&D Centre to Ensure Hydrogen Pipeline Safety

Retrieved on: 
Wednesday, April 24, 2024
Hydrogen, Agriculture, MOU, Safety, Risk, Alberta Innovates, Research, Health, Business development, Entrepreneurship, Hydrogen sulfide, Transport, Water, Engineering, Metallurgy, Government, Support, Strategic planning, Economic development, Organization, Knowledge, Oil

For hydrogen to be successfully adopted in a reasonable time frame, existing infrastructure such as natural gas pipelines and underground storage will have to be repurposed.

Key Points: 
  • For hydrogen to be successfully adopted in a reasonable time frame, existing infrastructure such as natural gas pipelines and underground storage will have to be repurposed.
  • This agreement focuses on adapting traditional pipeline management approaches to the transportation of hydrogen in Taiwan’s existing infrastructure.
  • C-FER Technologies is working with industry to evaluate, de-risk and implement technologies that enable the widespread use of hydrogen .
  • C-FER is helping industry develop new standards for hydrogen-ready equipment and update industry codes and standards to ensure the safe transition to hydrogen.

Morehouse College and Leading Tech Company Sage Launch Program to Help Prepare Next Generation of Tech Entrepreneurs

Retrieved on: 
Wednesday, April 24, 2024
Education, Learning, Teaching, HR, Mentorship, Partnership, CompTIA, Curriculum, Computer, Synthetic media, Institution, Faculty, Economic development, Generative, Student, Morehouse College, Boilermaker

The goal of the initiative is to help increase the number of Black-owned businesses in the tech ecosystem.

Key Points: 
  • The goal of the initiative is to help increase the number of Black-owned businesses in the tech ecosystem.
  • Sage and Morehouse are committed to working together to address this disparity by developing and promoting a diverse talent pool for the tech industry.
  • “Morehouse students have been immersed in the bespoke Sage GenAI program in its inaugural year,” said Aaron Harris, chief technology officer at Sage.
  • Through the curriculum we’re building, Morehouse students are learning skills to prepare them to be the next generation of leaders in AI-related careers.”

JuneX Capital Partners  Launch “Founders Office“ with €100M Evergreen Fund to Back European Entrepreneurs in Human Capital and Investment Management

Retrieved on: 
Wednesday, April 24, 2024
Education, Investment, Investment management, Health, GP, DACH, Face, Economic development, Knowledge, Financial services

Benjamin Vedrenne-Cloquet and Régis Micheli, two experienced French entrepreneurs and investors, are proud to announce the launch of the JuneX Capital Partners’ (“JuneX”) “Founders Office,” a new investment company focused on backing entrepreneurs within the human capital and investment management sectors.

Key Points: 
  • Benjamin Vedrenne-Cloquet and Régis Micheli, two experienced French entrepreneurs and investors, are proud to announce the launch of the JuneX Capital Partners’ (“JuneX”) “Founders Office,” a new investment company focused on backing entrepreneurs within the human capital and investment management sectors.
  • On April 19th, JuneX Capital Partners successfully closed the “ JuneX Evergreen Fund ,” a 100-million-euro evergreen fund to initiate its investments programme across Europe.
  • Régis Micheli and Benjamin Vedrenne-Cloquet, co-founders of JuneX , stated:
    “We are proud to launch JuneX Capital Partners, our “Founders Office”, along with our debut investment fund, JuneX Evergreen Fund .
  • We aim to back challengers in Human Capital and Investment Management, two sectors fundamental to sustainability, innovation, and entrepreneurship.”