The White House
One hundred years ago, the thriving Black community of Greenwood in Tulsa, Oklahoma, known as “Black Wall Street,” was ruthlessly attacked by a violent white supremacist mob. An estimated 300 Black Americans were killed and another 10,000 were left destitute and homeless.
The destruction wrought on the Greenwood neighborhood and its families was followed by laws and policies that made recovery nearly impossible. The streets were redlined, locking Black Tulsans out of homeownership and access to credit. Federal highways built through the heart of Greenwood cut off families and businesses from economic opportunity. And chronic disinvestment by the federal government in Black entrepreneurs and small businesses denied Black Wall Street a fair shot at rebuilding. These are the stories of Greenwood, but they have echoes in countless Black communities across the country.
<p><span face="times new roman,times" size="3">Today’s budget, which includes the American Jobs and Families Plans, makes the necessary investments in both our infrastructure and our people to ensure the post-pandemic chapter of our history is a strong and prosperous one. Importantly, too, this budget puts our country on a long-term fiscally sustainable path through fair and efficient tax reform.”</span><br /><span face="times new roman,times" size="3">– Secretary of the Treasury Janet L. Yellen</span></p>
New funds to bring Fort Peck wellness center project across the finish line
Tribune Staff
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A new wellness center on the Fort Peck Reservation has received about $5 million in funding that will help bring the 20-year project across the finish line, according to a news release. The project is expected to be complete by January 2022.
Financing for the $23 million wellness center came through investment from the Fort Peck Assiniboine and Sioux Tribes and New Markets Tax Credits from Missoula-based community development lender, MoFi.
Jackie Weeks, tribal operations officer for the Fort Peck Tribes, said the funding provided the bridge . to complete the project.
Why Is Wall Street Profiting From Clean Energy Tax Credits?
Tax credits don’t give people money for solar panels and wind turbines up front. That’s where investors come in.
GABRIEL BOUYS/AFP/Getty Images
An early example of a wind farm, in 2006
Since they were first introduced in the 1970s, tax credits for renewables have helped scale up and dramatically reduce the cost of clean power in the United States. But in recent years they have also created opportunities for a small handful of major investment banks to skim billions off the top, extracting lavish fees and control over clean energy projects as part of deals shrouded in secrecy. Public power providers who serve nearly a third of retail electricity customers have trouble accessing clean energy tax credits at all.
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