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Mayor outlines objectives, names appointees for stimulus board

Mayor Tishaura Jones outlines tasks and names 24-member board that will ensure $517 million is invested equitably
Author: Jeff Cavallin
Updated: 6:12 PM CDT April 23, 2021
ST. LOUIS Mayor Tishaura Jones has appointed members for the office s Stimulus Advisory Board, which will conduct research, manage and give recommendations to ensure that American Rescue Plan funds are invested equitably.
The 24-member board will advise and assist Jones, the former city treasurer, in the distribution of $517 million in federal funds to be in line with the community s priorities and for maximum transformational impact, according to a news release.
St. Louis is expected to receive about half of the $517 million next month and the remainder next year. The city will get a significantly larger amount than surrounding jurisdictions, because the allocation of funds is based on poverty, population trends and housing availability. ....

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Progress accelerates on ALUX Properties' $200 million Alpharetta tech-centric luxury multiplex: The Bailey

Progress accelerates on ALUX Properties' $200 million Alpharetta tech-centric luxury multiplex: The Bailey
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Director of enforcement leaving the SEC

Director of enforcement leaving the SEC
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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Atlanta Hawks Announce Historic Agreement with Black-Owned Banks – EURweb

ATLANTA Today, the Atlanta Hawks announced that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a syndicate of Black-owned banks. The $35 million loan marks the first time a professional sports franchise has had a significant loan underwritten exclusively by Black banks.
The groundbreaking transaction was facilitated with the support of the newly-formed National Black Bank Foundation, which organized a syndication team to structure the deal. Georgia-based Carver State Bank served as the syndicate’s Lead Arranger. By partnering with the Black bank syndicate, the Hawks are both demonstrating that Black banks can compete with money center banks for commercial loans as well as using the Club’s strong credit rating to bolster the capital cushion for Black banks so that they can better serve their traditional customer base. ....

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