Government Business
Article | March 11, 2022
The pandemic has blown up entrepreneurs and start-up ecosystems, so government support for start-ups has become critical.
The majority of them faced cash shortages and a lack of venture capital. For start-ups, cash is the most pressing issue. Furthermore, start-ups experienced a slow fundraising process accompanied by investor indifference.
Furthermore, the global workforce was not left untouched by the spillover. Start-ups began to lay off employees and reduce pay. According to StartupGenome research, three out of every four employees were letting their employer down.
While 39% of them laid off 20% or more of their workforce, two-thirds admitted to laying off 60% or more of their full-time employees. In the United States, the economy experienced the sharpest decline in employment, with 20.5 million people losing their jobs.
Following that, in order to address this and reduce the pandemic's impact on start-ups, the governments of many countries have stepped in to save their country's start-up ecosystem.
We've listed a few of the government's initiatives to help start-ups during the current cash crunch.
Direct grants and zero-interest loans:
Right now, cash is the most important concern for new businesses. Grants are regarded as the most beneficial policy instrument (29%), followed by loans (12%).
Access to venture capital investment:
If history is any guide, venture capital activity will likely decline in 2020 as well. This creates a quandary for the 18% of start-ups that require access to financing tools to increase investment.
Employment support schemes:
COVID-19 has had an impact on workforces all over the world. The US lost a record 20.5 million jobs in April, the fastest and sharpest drop since the government began tracking the data. Given these circumstances, it's no surprise that 17 percent of start-ups rank immediate employee protection as one of their top priorities.
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Emerging Technology
Article | July 16, 2022
COVID-19 hit the construction industry like a tsunami. Almost all medium to large construction projects were shuttered as government leaders scrambled to protect the health of Americans.
Today, however, even though the pandemic has not been contained, there is renewed interest in construction and reason for optimism. The immediate future is considerably brighter today than it was three months ago. Although construction projects are moving slower and fewer new ones being launched, there is definite movement.
One year ago, construction projects were so abundant industry leaders warned of imminent danger related to America’s shortage of skilled construction workers, designers, and engineers. Those alarms are not as loud today, but that could change soon because new projects are being announced on a daily basis throughout the country.
Officials at the Tampa International Airport placed approximately $906 million in construction projects on hold, but there’s little doubt that construction will begin again in the not too distant future. Air travel is down more than 95 percent, and urgency for planned expansions and upgrades is not as great.
Many colleges and universities also have delayed projects. In fact, the University of Nebraska-Lincoln (UNL) put a two-year halt on construction planned for this month. A $155 million football facility near Memorial Stadium is delayed primarily because university officials anticipate a $50 million budget shortfall. There’s also uncertainty about when sports events can resume.
But, more positive news may definitely be found in almost every state in the U.S. Here are just a few examples of upcoming construction projects in America.
Louisiana
The Louisiana State Legislature has approved $529 million for construction on university campuses. The University of Louisiana at Lafayette plans to spend $187,700 to repair Fletcher Hall and $16.4 million to renovate Madison Hall. Northwestern State University will receive $37.4 million for construction related to Kyser Hall. Louisiana Tech University plans to spend $40.5 million for a number of campus improvements, and Louisiana State University (LSU) has $227.7 million for construction projects. Southern University in Baton Rouge has planned renovations and expansions for about $18.2 million.
North Carolina
Wake County has approved a $1.47 billion budget and Capital Improvement Plan (CIP). It outlines construction projects at Wake Technical Community College that include new buildings on many campuses. One project outlined in the CIP is a new Emergency Operations Center, and other projects include a new Public Health Center, construction of training space at the Board of Elections Center, facility upgrades at Human Services Sunnybrook, a Facility Condition Assessment program, and vacant space build out for housing at Oak City Multi-Services Center.
Missouri
On June 2, North Kansas City Schools received approval for a $155 million zero-tax increase bond issue. Lee’s Summit voters also approved a new $224 million bond issue for various infrastructure projects in the R-7 School District. Some of the construction projects include a fourth middle school facility and renovations to the three existing middle school facilities. Voters approved a no-levy-increase bond question for $25 million for improvements to district facilities at Belton School District 124.
Wisconsin
The city of Sun Prairie has approved its 2021-2023 Capital Improvement Plan that includes many construction projects. The funding includes $7.4 million for phosphorous treatment and plant capacity upgrades at the Water Pollution Control Facility and $2.1 million for Sun Prairie Utility’s Business Park Substation expansion. Unfunded projects for 2021 include $3 million for a library expansion, a public works campus, and a Grans-Hepker intersection expansion. In 2022 the city will spend $7.4 million on street reconstruction. Another unfunded project for years 2022 and 2023 is a $5.7 million bathhouse renovation.
New Jersey
The New Jersey Turnpike Authority and the South Jersey Transportation Authority approved a toll increase to fund approximately $25 billion in construction over 10 years. Projects include the widening of 15 different sections of a turnpike, the replacement of a bridge between New Jersey and Pennsylvania, and upgrades to roadway tolling stations. The plan also calls for widening of a 13-mile section of the Expressway, construction of a direct connector to the Atlantic City Airport and installation of cashless toll equipment.
The governor announced plans this week to develop an offshore wind port on an artificial island along the Delaware River, potentially giving the state a competitive edge in the race to attract offshore wind jobs and manufacturers. The project would be unlike anything yet proposed in the U.S. and its cost could be as high as $400 million. The New Jersey Economic Development Authority will lead development of the port with the hope of creating thousands of high paying jobs and establishing New Jersey as the national capital of ‘off shore wind’.
Texas
The Capital Area Metropolitan Planning Organization (CAMPO) Transportation Policy Board adopted a 2021-2024 Transportation Improvement Program (TIP) that has numerous major construction projects. It includes $633 million for the I-35 Capital Express project which will be sponsored by the Texas Department of Transportation (TxDOT). The TIP also outlines transportation plans from regional transportation entities including TxDOT-Austin District, Capital Metro, Capital Area Rural Transportation System, and other local sponsors that have federally funded or regionally significant projects. One project the board chose to maintain is construction of two lane frontage roads on U.S. Highway 183. That project is projected to cost approximately $75 million.
Other projects in the CAMPO plan are:
Slaughter Lane widening to six lanes from Brodie Lane to N. Mopac Expressway – $15.73 million;
William Cannon widening to four lanes from McKinney Falls Parkway to Running Water Drive – $14.69 million;
Braker Lane extension from Samsung Boulevard to Dawes Place – $14.05 million;
University Boulevard reconstruction and widening to four lanes from County Road 110 to A.W. Grimes Road – $7.88 million;
Gattis School Road Segment 6 widening to six lanes – $11.38 million;
RM 967 widening from Oak Forest Drive to FM 1626 – $5.32 million;
FM 621 widening from CR 266 to De Zavala Drive in Hays County – $5.1 million;
SH 180 left turn lane installation and elimination of shoulder gap – $2.05 million; and,
Hopkins Multi-use Bike-Pedestrian Facility construction – $2 million.
Construction, engineering, architectural, and design firms will, no doubt, find immediate opportunities to contract with public officials. Additionally, as Congress begins to take up the task of developing an infrastructure bill, it is clear that construction projects will be hailed as the fastest way to stimulate the nation’s economy – a goal that has bipartisan support in America.
Mary Scott Nabers is president and CEO of Strategic Partnerships Inc., a business development company specializing in government contracting and procurement consulting throughout the U.S. Her recently released book, Inside the Infrastructure Revolution: A Roadmap for Building America, is a handbook for contractors, investors and the public at large seeking to explore how public-private partnerships or joint ventures can help finance their infrastructure projects.
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Government Business, Government Finance
Article | July 12, 2022
On April 8, 2020, the Federal Trade Commission (FTC) – a United States government agency that is the nation’s primary privacy and data security enforcer – issued guidance to businesses on the use of Artificial Intelligence (AI) for machine learning technology and automated decision making with regard to federal laws that included the Fair Credit Reporting Act (FCRA) that regulates background checks for employment purposes.
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Government Business
Article | December 3, 2020
The Russian-Chinese strategic partnership (RCSP), indoctrinated in 1996, is Eurasia’s geopolitical anchor in the 21st century, shaping its evolution and entrance into the Multipolar World. No other political relationship between the two continents’ actors even comes close, with the RCSP’s only formidable rival being the US via its privileged military alliances with NATO, the Gulf Kingdoms, and Japan. In this century’s struggle for the supercontinent, the interplay between the RCSP and the US will come to define global politics. Western media has been a lot of noise is being raised up, and some have stressed the importance of the Washington consensus, while others believe that it is Moscow's dependence in Moscow.
The first is often trumpets Americans and prove the aggression of their government against Russia and China, while others are intended to promote the disinformation campaign to divide Russia and China from each other. The rare mention of the warning is raised up, and the United States to slow down its rules, which is the most responsible way for this development is the western voter. The purpose of this article is to provocatively state that being raised up are becoming a reality in the development and manifestation of a Washington nightmare, and which go beyond Eurasia, also from North Africa and Latin America. It strives to challenge the West's position, but to a direct transition to a multi-polar world, and this is the goal that both countries have expressed 1997 to show solidarity.
The United States is not willing to recognize the tectonic changes that have occurred in the world since then, and its stubbornness in expanding the unipolar moment of depression is the largest source of global destabilization. Despite the fact that patients have difficulty with fear and the disorder is raised up quieter, more defensive and more consistent than ever. Discovering links with Russian-Chinese politics in Eurasia and beyond, art proves that lifted up and developing, is actively working on what the world is multi-polarizing for us. AND PART: Structure Russian-Chinese talks in Beijing, May 2014 Before starting geopolitical details, RCSPE must determine its structural basis.
There are the role of Russia and China, the principles of their cooperation and institutional activities for the transformation of the international order. Russian balance and Chinese gate There are several roles segmented with which both partners communicate. Russia has a military and political balance in all of Eurasia, which represent an alternative (either the United States or China), the great powers, developing countries and interested organizations.
This shows that Russia is working closely with China to ensure that this balance in line with the strategic goals of both sides, sometimes the dynamics of "good policeman, bad cop." China this year moves to the largest economy in the United States and is the dominant economic force in developing countries. Deep and privileged relations in the development of commodity and agricultural commodity markets in Africa, Latin America and Pearl economically valuable for Russia, especially in the light of recent events. So that Russia can provide military and political balance in China in key regions of the world, you can restore economic opportunities and facilitate trade through the established Chinese elite connections and networks. Of course, the tandem of energy between Russia and China is far from perfect, and its strategic use of the whole world, but the general theory of this approach is "hand in hand": Russia is balancing the Chinese gate. More and more people moving from these two countries, such as the Middle East and Latin America see more clearly the multipolar objectives and close cooperation in these countries; Just as two Eurasian seeds are getting closer and closer, relationships are increasingly difficult to understand. Cooperation cradle The Shanghai Cooperation Organization (SCO) is at home, where he was born and grew up is raised. Founded in Shanghai in 1996. In 2001, with Uzbekistan, it was transformed into SCO. Since then he has started cooperation with Mongolia, India, Pakistan, Afghanistan and Iran, and has established a partnership with Sri Lanka, Turkey and Belarus. These countries are directly under the direct influence of the PRSP, where Russia and China could have a significant impact on a greater or lesser degree.
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