Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
MassMutual Launches $50 Million Commitment That Includes Investment To Assist Black Businesses
(iStock.com/Cecilie Arcurs)
A major player in the life insurance business, MassMutual has launched a $50 million pledge to help spark job creation and business growth for diverse entrepreneurs.
The fund will be evenly split between two sleeves of capital: One is “MMCF Growth,” a $25 million community growth sleeve to target equity and debt investments in Black-owned, founded, or managed businesses in Massachusetts, including in Boston. Another is “MMCF Tech,” a $25 million technology sleeve to target equity investments in Massachusetts tech firms based outside of Boston.
The MMCF will compile a portfolio of early and mid-stage firms with investments of $250,000 to $2.5 million each. And officials report investment decisions will consider strong leadership teams and place emphasis on racial diversity for those in the growth sleeve to boost access to capital for the Black communit
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Only two loans worth more than $100 million for the acquisitions of 265-275 Cherry Street and 15 Park Row in Lower Manhattan were recorded in February. (WikiMedia, Asland)
The 10 largest Manhattan loans recorded in February totaled $700 million, a 63 percent decline from January’s total.
Seasonality may have been a factor in the drop in activity, as February was also a slow month for real estate lending in 2019 and 2020. This February wasn’t the slowest month since the start of the pandemic, however that was August, when the top 10 Manhattan real estate loans totaled just $428 million.
As was the case in August, lending volume in the outer boroughs was actually greater than in Manhattan last month. Only two loans worth more than $100 million were recorded in the borough in February: a pair of acquisition loans for properties in Lower Manhattan.
A Model and Her Norman Rockwell Meet Again
The illustrator’s paintings told his stories. Now a teenage subject reveals her own, 67 years later.
“Bright Future for Banking” by Norman Rockwell, circa 1955. Charlotte Sorenson, then 15, is in white, full profile, in the lower center. She posed alone but was later flanked by schoolmates.Credit.Norman Rockwell
March 9, 2021
Charlotte Sorenson was riffling through a newspaper one morning in December when she recognized someone in a gallery advertisement for a Norman Rockwell painting that she had not seen in years: herself.
There she was, a teenager in a cluster of schoolmates in graduation-day caps and gowns. Rockwell had called the painting “Bright Future for Banking.”
Bitcoin technology and financial services firm NYDIG raises $200M siliconangle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconangle.com Daily Mail and Mail on Sunday newspapers.