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South Coast Rail Construction Chugs Along

Construction crews worked on the Fall River Depot Tuesday. This week, construction crews continued work on the Fall River Depot, a new train station that will connect commuters to Boston via the South Coast Rail project. A second line, linking Boston with New Bedford, is also under construction. Passenger service on both lines is expected to start in 2024, according to Jennifer Tabakin, the MBTA’s Program Manager for the project. In addition to building the new stations, crews must upgrade the region’s existing tracks, which currently carry freight trains and are not suitable for passenger use, according to MBTA engineer Dan Letendre. “We take out the stick track which is that

Rampant racial disparities plagued PPP loan distribution - The San Diego Union-Tribune

Print Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic. At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals. Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected. (James Bernal for Reveal / Los Angeles Times)

Rampant racial disparities plagued PPP loan distribution

Print Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic. At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals. Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected. (James Bernal for Reveal / Los Angeles Times)

Rampant racial disparities plagued how PPP loans were distributed in the U S

Rampant racial disparities plagued how PPP loans were distributed in the U.S. Alejandra Reyes-Velarde, Laura C. Morel, Mohamed Al Elew, Emily Harris © Provided by The LA Times Edward Flores, owner of Juanita s Cafe on Olvera Street, had to cut his operating hours and lay off his staff last year amid the pandemic. (James Bernal for Reveal / Los Angeles Times) Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic. At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.

Solar Energy Transformation Fund gets oversubscribed at final close

SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia. The SET Fund has received investments from OeEB, Swedfund, Bank of America, Mercy Investment Services, The Schmidt Family Foundation and several individual investors, including from the Toniic impact investor network. They followed $42.5m first close investors - the US Development Finance Corporation (DFC), Calvert Impact Capital, Ceniarth and the IKEA Foundation. DFC is also a risk tool partner of the SET Fund, alongside Sida and MFX Solutions. SunFunder’s financing to expand access to clean, reliable energy to those living beyond the grid is having life-changing impacts for families across Africa. Not only does it create environmental and health benefits, but families are able to redirect energy savings to food, education and health care,” said Sarah Smith, director of Mercy Partnershi

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