Tag: Communities

the Triangle’s new ‘master planned communities’ :: WRAL.com

The term “master planned community” (MPC) typically conjures an image of vast developments with collections of sprawling, mostly homogeneous neighborhoods. But right here in the Triangle, a new breed of MPCs are creating communities with a focus not just on where people live, but how they live — a more holistic design approach that incorporates recreation, employment, entertainment, learning, shopping, dining, worship and especially, a sense of community and place.

Here, neighborhoods with a diverse mix of housing options are integrated with outdoor spaces, entertainment venues, restaurants, services and offices. And it’s all very intentionally interconnected. ”I think we need to come up with another name for master planned communities,” laughs Vanessa Jenkins, executive vice president at Preston Development Company, developers of Chatham Park, a 7,000-acre new community just outside of Pittsboro. “What we are doing at Chatham Park is

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Creek Fire Devastation Prompts Long-term Resiliency Fund Launched to Empower Revitalization and Local Stewardship of Central Sierra Communities

Creek Fire Devastation Prompts Long-term Resiliency Fund Launched to Empower Revitalization and Local Stewardship of Central Sierra Communities

The Board of Directors of the Central Sierra Historical Society and Museum, Inc. (Historical Society) proudly announced its formation of the Central Sierra Resiliency Fund (The Fund) and financial support for long-term revitalization efforts due to the Creek Fire are being accepted at www.sierrahistorical.org/resiliencyfund. The announcement was made at a community gathering at the Historical Society on Friday, October 2, 2020.

Efforts to form a long-term fund began before the ash from the fire had settled, and became a reality when local families rallied the support and trust of the community to galvanize a collaborative local response to the Creek Fire. The Historical Society and other community members who know the region’s unique history seek to rekindle a sense of hope for the future by stewarding financial resources to rebuild a thriving

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Nominate young business leaders helping their communities

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From the business world to community service, 2020 has been a year like no other in Central Minnesota and beyond.

Amid all those challenges, it’s time to nominate the young business leaders who impressed you the past 10 months —in their professions and in their communities.

For the 16th consecutive year, SC Times and LOCALiQ are proud to announce nominations are now open for the annual 5 Under 40 awards.

Do you know young business leaders making an impact in both career and community?

Please nominate them online at https://bit.ly/36pXrkv.

In keeping with tradition, this year’s awards will honor those who have demonstrated innovation, involvement and influence at their workplace and within their community.

Over the years, the 5 Under 40 awards have honored some well-known Central Minnesotans.

For example, the inaugural Class of 2005 included Shelly Bauerly Kopel and Rick Bauerly of Granite Equity Partners, along with Michael

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Mastercard to Pledge $500M To Help End Financial Inequity in Black Communities

The struggle is long lived, and has a way to go. However, more citizens, and companies are realizing America has perpetuated racial discrimination, and inequality. Those becoming aware are speaking on behalf of Black Lives Matter, and corporations like Mastercard are helping Black communities get an equal shot with a $500 million investment over the next five years.

The program is designed to help Black entrepreneurs, and residents get equal access to financial support to fund products, services, and technology. Vice chairman & president, Strategic Growth for Mastercard, Mike Froman says they have always focused on financial inclusion, but the current push for equality has refocused their efforts.

Mastercard will take on several projects across the nation, including he L.A. Mayors Fund and Accelerator for America. These particular funds will help L.A. residents impacted by coronavirus and increase banking relationships in the Black and African American community.

During the coronavirus

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Mastercard’s investment in Black communities

“In the City of St. Louis, we’re exploring ways this investment can support our youth and future generations”

ST. LOUIS — Mastercard announced that it is investing $500 million in Black communities over the next five years, including new investment in St. Louis. 

This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital.

“This is a time for action,” Ajay Banga, chief executive officer at Mastercard, said in a statement. “We have an obligation as a corporate citizen to ensure the digital economy is enabled for all, an obligation to be part of the positive change Black communities so rightly need now.”

Mastercard plans to focus on three areas:

Expanding city programs to support Black communities. In collaboration with city leaders, Mastercard is initiating efforts in seven cities

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Mastercard investing $500 million in Black communities, including Birmingham

Birmingham is one of seven cities in the U.S. where Mastercard is focusing a $500 million initiative to narrow the divide in opportunity and wealth to Black communities.

The five-year initiative mapped out by the company Thursday includes products, services, technology and financial support for Blacks and Black-owned businesses.

Birmingham, along with Atlanta, Dayton, Los Angeles, New Orleans, New York City and St. Louis, will receive support through partnerships, technology and data.

Mastercard did not give many details on Birmingham specifically, though it mentioned outreaches in other cities. In Atlanta, the company’s efforts include working with the city’s Office of Equity, Diversity and Inclusion to provide rent relief to avoid evictions. The program has already distributed $36 million to Los Angeles residents affected by the COVID-19 pandemic, and helped 24,000 residents of New York City through community organizations.

All seven cities will be seeing digital services offered through Black-owned fintech

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Mastercard to invest $500 million into Black communities over the next 5 years

Mastercard has announced it is launching a massive $500 million investment into Black communities amid the coronavirus pandemic, which has hit those groups disproportionately hard.

The initiative — announced Thursday — also comes on the heels of a summer that has seen nationwide protests and the resurgence of the Black Lives Matter movement following the killing of George Floyd, a Black man, by a white police officer at the end of May.

“[Floyd’s death] was a big context for this work,” Marla Blow, senior vice president of social impact at Mastercard, told The Hill. “It really highlighted the importance of the disparities in our society and really drove home the urgency of the moment that we are in. While we’re dealing with all of the already ambient vulnerability associated with [COVID-19] and with people being vulnerable economically … we’re now faced with the fact that there’s another risk that’s specifically

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Mastercard pledges $500 million to promote financial inclusion in Black communities

Mastercard is committing $500 million toward a series of initiatives meant to increase financial inclusion among Black communities and close the racial wealth and opportunity gap in the U.S., the digital payments giant announced today.



a man sitting at a table


© Petri Oeschger via Getty Images


Mastercard’s investment, to be made over a five-year period, will be spread across an array of programs designed to help financially underserved Black communities more easily access financial products, services, and support. 

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Among its efforts, the company will work with seven cities across the country (Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York, and St. Louis) to help them more easily distribute financial aid and resources to Black communities. Mastercard will also look to make digital financial products more affordable and accessible to underbanked Black customers, and will team with community development financial institutions (CDFIs) to increase capital flow to Black business owners.

The commitment sees

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Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

The MarketWatch News Department was not involved in the creation of this content.

In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital.

“This is a time for action. We have an obligation as a corporate citizen to ensure the digital economy is enabled for all, an obligation to be part of the positive change Black communities so rightly need now,” said Ajay Banga, Chief Executive Officer at Mastercard. “We are starting in cities across the country with on-the-ground efforts meant to drive out inequities and create the opportunities, connections and resources that will spark economic growth for the long term.”

With half

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Mastercard will spend $500 million to expand financial access in Black communities

Mastercard is pledging $500 million over the next five years to expand financial inclusion for Black individuals and businesses. Through three interconnected initiatives, and with the help of various partners, the financial services company aims to deliver tools and resources to allow many long-excluded African Americans to access affordable financial services and build prosperity.

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It’s not new territory for the company; Mastercard has just completed a goal of bringing 500 million unbanked and underbanked people into the financial system. But this new initiative will directly target members of the Black community, who have been hit particularly hard by the pandemic. The Federal Reserve Bank of New York found that Black businesses have had a 41% closure rate—versus 17% for white businesses. Even in ordinary times, the median wealth of Black families is a tenth of that of white families.

“We’ve done a lot of research, we know the

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