Thursday, October 18News That Matters

Tag: funding

A Catering Company Accused Of Funding Russian Meddling In The US Election Was A Supplier To The UK Embassy In Moscow

A Catering Company Accused Of Funding Russian Meddling In The US Election Was A Supplier To The UK Embassy In Moscow

What's Hot
Stefan Rousseau / AFP / Getty Images The British Embassy in Moscow used the services of a Russian catering company that was charged with conspiracy in connection with allegations of interfering in the 2016 US election as part of an indictment returned last Friday by special prosector Robert Mueller.BuzzFeed News understands that the St. Petersburg and Moscow–based company, Concord Catering, was a supplier to the UK’s diplomatic mission in the Russian capital until December 2013, just a few months before operations to interfere with the US political system allegedly began. After the contract with the catering company ended, the embassy launched a competitive tender, and Concord decided not to put itself forward for it.Still, the embassy’s logo remained on a lis...
Trump puts public school safety and trauma counseling funding on the chopping block

Trump puts public school safety and trauma counseling funding on the chopping block

Politics
With school mass shootings on the rise across the country, the Trump administration is proposing major funding cuts for violence prevention and recovery assistance programs at public schools. Funds targeted for reduction or elimination in President Donald Trump’s FY’19 budget request, which was released two days before the tragedy at a high school in Parkland, Florida, have helped pay for counselors in schools and violence prevention programs. In fact, the funding levels sought by Education Secretary Betsy DeVos would “completely abdicate responsibility” for school safety, violence prevention, and recovery, according to a report released Friday by the Center for American Progress (CAP). Immediately after Wednesday’s mass shooting, DeVos called on Congress to h
Montana-based mapping startup onXmaps raises a round of funding fit for Big Sky Country

Montana-based mapping startup onXmaps raises a round of funding fit for Big Sky Country

Breaking News
 A mapping startup based in Missoula, Mont., which allows users to download sophisticated offline topographic maps outlining public and private lands and a number of other features geared towards hunting, fishing and camping, has pulled in its first major outside funding. onXmaps has closed a $20.3 million Series A round led by Summit Partners. Bessemer Venture Partners, Millennium… Read More
City receives $60 million in federal funding for economic development projects

City receives $60 million in federal funding for economic development projects

Breaking News
The Marcus Trauma & Emergency Center at Grady Hospital was one of the projects aided by New Market Tax Credits. Invest Atlanta, the city’s economic development arm, has received $60 million in New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury to provide gap financing for economic development projects in low-income areas. Congress established the NMTC program in 2000 to attract investment to areas with low median income and high unemployment. The NMTC program takes private equity contributed by investors and turns it into gap financing for redevelopment projects. Investors receive non-refundable tax credits in exchange for an equity investment in a local project that demonstrates meaningful community impact. “We are pleased to see the Treasury Depar