Claims tagged with "financial"

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The proceeds from those loans are then used to fund more projects, creating a self-replenishing pool of money. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , environmental

Simplified: Proceeds from loans are used to fund more projects creating self-replenishing pool of money

1 sources

6 days ago
Some have laid off or furloughed employees in the months since the money has been frozen. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , employment

Simplified: Some laid off or furloughed employees since money has been frozen

1 sources

6 days ago
Green banks are typically funded with government resources at first, which can “effectively create the market,” meaning the government funding is used for an initial round of loans, Kenneth Gillingham... 1.000

👤 Kenneth Gillingham 📋 News Article 🏷️ environmental , financial

Simplified: Green banks are funded with government resources at first government funding is used for initial loans Kenneth Gillingham said

1 sources

6 days ago
Many of the nonprofit organizations hired new staff members in anticipation of the influx of funding. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , employment

Simplified: Nonprofit organizations hired new staff members in anticipation of funding

1 sources

6 days ago
The grants were intended to finance low-interest loans and investments for projects like solar installations and home-efficiency upgrades. 1.000

👤 Claire Brown 📋 News Article 🏷️ environmental , financial

Simplified: Grants were intended to finance low-interest loans investments for solar installations home-efficiency upgrades

1 sources

6 days ago
The eight selected nonprofit groups were expected to act as financing hubs, sending much of the federal money to smaller community banks and other lenders. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , government

Simplified: Eight nonprofit groups were expected to act as financing hubs sending federal money to smaller banks lenders

1 sources

6 days ago
The grants in question were part of the Greenhouse Gas Reduction Fund, sometimes known by the shorthand “green bank” funding. 1.000

👤 Claire Brown 📋 News Article 🏷️ environmental , financial

Simplified: Grants were part of Greenhouse Gas Reduction Fund also known as green bank funding

1 sources

6 days ago
The decision vacated a previous District Court ruling that would have temporarily given the grant recipients access to some of their funds. 1.000

👤 Claire Brown 📋 News Article 🏷️ legal , financial

Simplified: Decision vacated previous District Court ruling that would have given grant recipients access to funds

1 sources

6 days ago
The government could legally recoup the money if it found evidence of fraud. 1.000

👤 Claire Brown 📋 News Article 🏷️ legal , financial

Simplified: Government could legally recoup money if it found evidence of fraud

1 sources

6 days ago
The grant dollars were deposited into recipients’ accounts at Citibank, which agreed to act as an intermediary between the government and the grant recipients. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , banking

Simplified: Grant dollars were deposited into recipients' accounts at Citibank Citibank agreed to act as intermediary

1 sources

6 days ago
The funds were made available through the 2022 Inflation Reduction Act and the grants were legally committed before the November election. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , legal

Simplified: Funds were available through 2022 Inflation Reduction Act grants legally committed before November election

1 sources

6 days ago
At stake are billions in grant dollars, a total that amounts to roughly double the E.P.A.’s annual budget. 1.000

👤 Claire Brown 📋 News Article 🏷️ financial , government

Simplified: Billions in grant dollars are at stake roughly double the EPA's annual budget

1 sources

6 days ago
As part of President Joseph R. Biden’s signature climate law, the Environmental Protection Agency last year awarded eight nonprofit groups a total of $20 billion in climate and clean energy grants for... 1.000

👤 Claire Brown 📋 News Article 🏷️ government , environmental , financial

Simplified: EPA awarded eight nonprofit groups $20 billion climate grants under Biden's climate law last year

1 sources

6 days ago