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Tag: million

$3.75 Million CAGC Foundation Grant to Aid Contractors In North Carolina

CHARLOTTE, N.C., Oct. 14, 2020 /PRNewswire/ — Carolinas AGC is excited to announce the opening of the CAGC Foundation Grant to help contractors with coronavirus mitigation efforts in the construction workplace. The grant was one of many allocations to state and local government agencies and nonprofits named in HB 1105 that appropriated the remaining CARES funding for pandemic relief. CAGC’s lobbying team garnered the major legislative victory during a recent legislative session and developed grant guidance and an application for qualified businesses and organizations that have a business office in North Carolina. The grant application period is open through Wednesday, October 28th at 5:00pm, and grants will be made on a first-come, first-serve basis to eligible subgrantees. Funding must be spent by December 30, 2020.

The legislation stipulates that $3 million of the grant funds are to be awarded to construction businesses and non-profits that

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Lowe’s donates over $9 million to help keep homes safe and affordable in Charlotte

Lowe’s Home Improvement store is donating $9.25 million in funding, products and gift cards to organizations in Charlotte to keep “homes safe, healthy and affordable” amid the coronavirus crisis.

Lowe’s announced Tuesday it is making the donations in a combination of funding, products and gift cards to nearly 30 local charitable groups and businesses for affordable housing, skilled trades training and technology, the company announced Tuesday.

The Mooresville-based company is extending how it thinks about the word home, company executive vice president of human resources Janice Little said.

Little told the Observer the donations are another step in the company’s efforts to help with community projects. Lowe’s also has an employee volunteer program that has been focused on affordable housing and skilled trades over the last year.

“We really need to make sure that we can support all members of our community,” she said.

Some of the Charlotte hometown

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Laguna Beach Pumps Nearly Half a Million Dollars Into Homeless Shelter RenovationVoice of OC

Laguna Beach will spend $479,837 in grant money to make improvements to the city’s homeless shelter with work expected to start in November.


Editors’ Note: This dispatch is part of the Voice of OC Youth Media program, working with student journalists to cover public policy issues across Orange County. If you would like to submit your own student media project related to Orange County civics or if you have any response to this work, contact Digital Editor Sonya Quick at [email protected].


The Alternative Sleeping Location, a city-run emergency shelter, at 20652 Laguna Canyon Road, has been operating year-round since 2009 to provide meals, showers, laundry, and help guests find housing and health care. The facility has worked with over 10,000 people since its opening to help prevent homelessness and serves an average of 160 people every night, according

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Sweetheart Kitchen Raises US$17.7 Million In Series C Funding Round To Launch New Brands And Kitchen Units Across MENA


4 min read

Opinions expressed by Entrepreneur contributors are their own.


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Cloud kitchen operator Sweetheart Kitchen has successfully secured €15 million (US$17.7 million) in a Series C funding round backed by strategic investors, led by the company’s founder and CEO Peter Schatzberg.

As a delivery-only multi-brand virtual kitchen, Schatzberg notes that the Dubai-based company is keen to invest their funding into supply chain technology, food design and hiring talent, as they had previously done, and which they plan to continue to do so. “Scaling units is certainly one important objective for us, but we are also investing in streamlining our processes and systems to achieve profitability.”

As a company that is only 15 months old, it’s noteworthy to point out its impressive milestones. The startup (which, according to a Wamda report, is backed by Germany’s Delivery

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$2.5 million renovation of PRCC’s Seal Hall to begin in December

HATTIESBURG, Miss. (WDAM) – One of the main academic buildings on the Poplarville campus of Pearl River Community College is about to get a major makeover.



a large brick building with grass in front of a house: A renovation of PRCC's Seal Hall will begin in December.


© Provided by Hattiesburg-Laurel WDAM-TV
A renovation of PRCC’s Seal Hall will begin in December.

Seal Hall, which was built in 1967, will be renovated, beginning in December.

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It’s a $2.5 million project.

“(It) will include brand new classroom space, upgraded office space for our faculty, new lobbies, new entrance, it’s right in the heart of our campus and I think it’s going to be a great addition,” said Adam Breerwood, president of Pearl River Community College.

Meanwhile, PRCC just opened a new science building annex about six weeks ago.

It was part of a construction project that also involved the renovation of the college’s existing science building, which was built in 1966.

The total cost of that project was about $5

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Coppell man charged with scamming $17 million in PPP money to buy luxury cars and homes

Federal investigators say a Coppell man fraudulently applied for dozens of federal stimulus PPP grants and received more than $17 million that he spent buying real estate and luxury cars such as a Bentley and a Corvette.



Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.


© Brian Elledge/Staff Photographer/The Dallas Morning News/TNS
Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.

A coalition of federal agencies charged Dinesh Sah, 55, of Coppell, with applying for $24.8 million in PPP loans for 15 businesses that claimed to have more than 500 employees, but in fact, many of the businesses were registered after the CARES Act was passed and did not have any employees, according to court documents detailing the indictment.

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“Mr. Sah exploited this terrible pandemic for personal gain – and he should be held accountable to the American people for that behavior,” said U.S. Attorney Erin Nealy Cox

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Coronavirus mortgage bailouts fall below 3 million

The number of mortgages whose payment requirements have been suspended because of the coronavirus plunged in the past week, as the first group of loans hit the end of their six-month term.

It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm. That brings the total number of plans, both government and private sector, below 3 million for the first time since April. In addition, the decline was noticeably larger than the drop of 435,000 when the first wave of forbearances hit the three-month mark in early July.

As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week. The loans represent collectively $614 billion in unpaid principal.

These plans allow borrowers to delay their monthly

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The $185 million campaign to keep Uber and Lyft drivers as contractors in California

By Sara Ashley O’Brien | CNN Business

At first, Uber and Lyft driver Michael Richert was undecided about how he would vote on Proposition 22, a California ballot initiative sponsored by gig economy giants Uber, Lyft, DoorDash, Instacart and Uber-owned Postmates that comes up for a vote in November.

Then, he found out how much they were spending to get it passed: over $185 million, according to California Secretary of State records. Richert said he was “blown away” by the amount, and started looking into what’s really at stake for him and other drivers.

The amount of financing behind the ballot measure — the most expensive proposition in the state’s history according to Ballotpedia — underscores how important its passage is to the future of the businesses.

The companies have built up massive fleets of workers over the years by treating them as independent contractors, who are paid on a

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Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline

  • The number of mortgages in active pandemic-related bailouts plunged as the first wave of forbearance plans hit the end of their six-month term.
  • Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm.
  • That brings the total number of plans below 3 million for the first time since April.
  • As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week.



a large brick building with grass in front of a house: Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.


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Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.

The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term.

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It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by

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Lowe’s gives $100 million more in bonuses to hourly employees

Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020.

David Paul Morris | Bloomberg | Getty Images

Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees, as strong demand for home improvement continues.

It marks the sixth time the home improvement retailer has given additional pay to workers at its stores, distribution centers and support centers during the coronavirus pandemic. It gave bonuses to part-time, full-time and seasonal employees in March, May, July and August. It also increased pay by $2 an hour for the month of April. 

With the latest round, the home improvement retailer will have paid more than $675 million in additional pay to employees this year. It will pay the latest bonuses on Oct. 16. Full-time hourly employees will receive $300 and part-time and seasonal hourly employees

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