$311 Billion Infrastructure Plan: New York s $311 billion infrastructure plan includes the Governor s $211 billion 2020-24 plan and his $100 billion 2015-2019 plan. The evolving plan increased by $36 billion in the budget with the inclusion of new, key elements of the Midtown West Redevelopment of New York City beginning with Penn Station, Belmont Station Redevelopment, a $3 billion environmental bond act, transportation programs, and additional supportive, affordable, and public housing support, along with incremental adds to existing capital programs.
First-in-the-Nation Affordable Internet for Low-Income Families: The FY 2022 Enacted Budget includes first-in-the-nation legislation requiring internet service providers to offer an affordable $15 per month high-speed internet plan to qualifying low-income households. The State will also require providers to advertise this plan to ensure programs reach underserved populations across the State. To further bridge
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NEW YORK, Feb. 23, 2021 /PRNewswire/ The Federal Home Loan Bank of New York ( FHLBNY ) today released its unaudited financial highlights for the quarter and year ended December 31, 2020.
The FHLBNY s net income for 2020 was $442.4 million, a decrease of $30.2 million, or 6.4 percent, from net income of $472.6 million for 2019, primarily due to declines in fair values on derivatives in economic hedges partially offset by gains on trading account securities held for liquidity and higher operating expenses driven by investments to enhance the FHLBNY s technology capabilities
. These reductions were partially offset by higher net interest income due to larger average advances balances sustained during the year, favorable funding spreads and prepayment fees on advances. The FHLBNY s return on average equity ( ROE ) for 2020 was 5.59 percent, compared to ROE of 6.53 percent for 2019.
FROM THE MAYOR’S OFFICE: Round two of Newton’s Small Business Recovery Grant Program
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More financial assistance is on the way to support our small business community that has struggled so much throughout the many months of this pandemic.
We launched Newton’s Small Business Recovery Grant Program initially in May 2020 and provided $300,000 in assistance to 27 businesses from among the 100-plus applications.
This second round of the program funded by $300,000 in federal supplemental Community Development Block Grant funding, will assist the particularly hard-hit small brick and mortar businesses in our village centers and commercial corridors.Grant awards will range from $10,000 for microenterprises (five employees or fewer, including the owner) to $15,000 for small businesses with 5 to 20 employees. These awards for emergency funding can help pay for commercial rent or mortgage, wages, loss of inventory, and other demonstrated costs.
The Task Force was established this year as a direct result of the pandemic.
âThe Task Force was formed to look at the long-term recovery needs for the business community here in Hunterdon County,â said Chris Phelan, Chamber president said. âThis has been an unprecedented year with so many challenges from COVID 19, to the economic loss, that we know we needed to look at developing long-term strategies to help in the recovery through 2021.â
The Chamber Foundation has awarded six Small Business Recovery Grants through the Hunterdon Economic Recovery Fund.
The recipients of the first Small Business Recovery Grants are Chameleon Blue, Heartstrings, Beyond Bijoux, Roses In Your Hair, Balic of Clinton, and Rosemarieâs Cucina. The grant criteria focused on retail shops and restaurants with less than 20 employees and no chain affiliations.
COVID-19 relief available for small businesses in Dublin pleasantonweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pleasantonweekly.com Daily Mail and Mail on Sunday newspapers.