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While race- and ethnicity-based economic inequality long predates the pandemic, disparities have widened over the past year, economist Jeff Fuhrer told a Mainebiz virtual forum on Thursday.
Fuhrer, a former top official at the Federal Reserve Bank of Boston, is now executive vice president and chief strategy officer at MassDevelopment, that state s finance and development agency.
In his opening keynote of the Five on the Future discussion, Fuhrer questioned whether the United States is the land of opportunity it purports to be, saying, I d like to believe that s true, but we re pretty far from that.
Backing up that point, he cited 2018 data showing discrepancies in income distribution for Black and Latino families versus white families.
People & Business: Feb. 24
Legion Square spreads the love
Legion Square Market, an 82-year-old South Portland business, was honored Feb. 11 for safeguarding customers and employees during the pandemic. The city’s Economic Development Committee made the announcement as part of its 2020 Business Awards. Alan Cardinal of Scarborough, shown here, and his wife, Sylvia Most, have owned the store since 2012. In addition to supporting both the South Portland and Westbrook Food Cupboards, Cardinal personally delivers orders to customers who can’t get to the store. “In a crisis such as this one, we need to help each other,” he said. “People need to feel safe in our store and safe in our neighborhood.”
Image zoom Credit: MoMo Productions / Getty Images
There can be more to a financial portfolio than stocks, bonds, and mutual funds. Real estate can also be a smart investment for many people, even those who don t have the ability (or desire) to buy property. If you would like to invest in real estate, then here are four ways you can get started. Buy Real Estate Investment Trusts (REITs).
Real Estate Investment Trusts (REITs) make it possible to earn money from real estate without ever having to purchase property. These trusts own, operate, or finance income-generating real estate and much like mutual funds, they pool the money of multiple investors, who then earn dividends from its real estate investments. What s more, REITs often produce a very attractive dividend yield, says Tamar Asken, CFP and realtor at real estate brokerage Avenue 8. That can make them ideal for investors who
âFive on the Future Forumâ Goes Virtual Tuesday, January 26, 2021 1:24 PM Statewide business news source Mainebiz will host its free, annual Five on the Future Forum via the virtual networking platform Remo on Thursday, February 25, from 10:30 a.m. to noon.
The forum will feature a panel discussion with a group of economists and area business leaders who will offer insights into what Maine businesses can expect during the rest of 2021.
The keynote speaker and moderator will be Jeffrey Fuhrer, executive vice president and chief strategy officer at Mass Development. Panelists will include Dava Davin, founder of Portside Real Estate Group; Jessica Estes, partner at The Boulos Company; Curtis Picard, president and CEO of the Retail Association of Maine; and Derek Volk, president of Volk Packaging.