Page 2 - Abyssinian Development Corp News Today

In June 2020, with Covid wreaking havoc around the world, the Ford Foundation tapped U.S. capital markets, taking on $1 billion in long-term debt and enabling investors to help the foundation support nonprofits that were in danger of shutting their doors. It was the first so-called social bond to be issued by a foundation and allowed Ford to expand its grant making from $550 million a year to over $1 billion. Today other foundations are following Ford’s lead.

The Brooklyn congregation and its pastor A.R. Bernard hope the Jane Jacobs–inspired urban village will be a model for other cities.

Here’s who the new mayor is appointing jobs to in City Hall.

Here’s who the new mayor is appointing jobs to in City Hall.

Jobs, jobs, jobs – and who’s creating them in New York.