SALEM, OREGON – KeyBank recently delivered a $10,000 grant to the Salem Kroc Center to fund the printing and materials of the “Been There” program, an interactive seven-week course designed to empower youth and young adults to change their thinking and behaviors in order to make positive changes that will help them reach their goals.

Written by motivational speaker, author and empowerment expert Bonnie Milletto, the course and “Been There, From Stuck to Unstoppable” book draw from her own personal experiences as she shares the powerful stories of her journey to overcome the obstacles she has faced. 

“The underlying theme is that when we change our beliefs about our self, our past and our present, we set the wheels in motion to change our lives,” says Josh Lyons, KeyBank’s market president for Oregon and S.W. Washington and commercial banking leader. “The power of positive self-talk and self-belief is truly what makes you unstoppable, no matter your life experiences up until now. We at Key know that helping youth realize their full potential is critical to their success and instrumental in building and maintaining a vibrant economy. We are honored to help support this initiative.” 

“We are excited that KeyBank’s values align with our own when it comes to helping youth,” said Tony Frazier, Kroc Center Director. “Strong community partnerships like this help to make a significant impact on the lives of young people we serve. Together, we help the next generation discover their value and make contributions that effectively engage in community and strengthen our local economy. We are truly thankful for this new partnership.”

 About the Salem Kroc Center

The Salvation Army Kroc Center in Salem, Oregon is committed to producing tangible outcomes that will build character, confidence, and competence in the children and families of the Mid-Willamette Valley region. The 92,000 square foot Kroc Center is geared for health, fitness, education, teamwork, and ultimately, providing hope to our community. We serve as an important place for people of all ages to gather, play, learn, and socialize. With over six different venues, and programs focusing on health and wellness, aquatics, sports, fitness, the arts, child development, science and education, youth leadership, and so much more, the Salem Kroc Center has something for everyone in the community.

About KeyBank

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $195 billion at June 30, 2023. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

Originally published on U.S. Bank company blog

The Hattie Redmond apartments, a 60-unit development that provides housing for low income, disabled people in Portland, Oregon, opened its doors on a recent rainy spring day and immediately said hello to more two dozen new residents. 

This development – aptly named after Harriet (Hattie) Redmond, an African-American suffragist and civil rights leader who lived and worked in Oregon in the late 1800s – is now humming along, thanks in large part to a $9.6 million Low-Income Housing Tax Credit investment and $8.3 million loan from U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank.

“This project is located in Portland’s Albina District – a place that’s both historically significant and long recognized as an active hub for Portland’s Black and African-American community,” said Ann T. Melone, senior vice president and business development officer for Affordable Housing. “We’re honored to support this model initiative, which addresses Portland’s houselessness challenge in a comprehensive and sensitive way.”

It’s an innovative project backed by a big idea. Along with the financing from U.S. Bancorp Impact Finance, this $25+ million project was the brainchild of Portland’s housing authority, Home Forward, and the Urban League of Portland. A 2018 Metro Housing Bond, provided via the Portland Housing Bureau, and funding from Oregon Housing and Community Services, also helped bring the building to life. 

Hattie Redmond units are all permanent supportive housing (PSH), available for people who are exiting homelessness. The PSH model is considered to be a best practice and a proven strategy that can help stabilize individuals experiencing chronic homelessness. Here, referrals come from Coordinated Access, a system created in 2018 in Multnomah County to streamline and provide equitable access to shelter and housing interventions on behalf of low-income and disabled individuals. One of the goals of the development is to reconnect Black individuals to the neighborhood and to each other; supportive services in the building are provided by Urban League staff. 

“Hattie Redmond Apartments is a model for how the City of Portland can make progress in housing people more quickly and with thoughtful community engagement,” said Ivory N. Mathews, CEO of Home Forward. “This building will provide safe shelter to 60 formerly homeless people in need of culturally specific supportive services. From the location to services offered to building amenities, Urban League of Portland thought of everything. This gives us hope that many more people who have been homeless can— and will—thrive with the right support.”

At four stories and 34,000 square feet, Hattie Redmond is on the Yellow MAX line. On the ground floor, residents share a community room/kitchen, conference room and laundry facilities. Individual studios have full kitchens and baths in addition to living space. Floors are hardwood, with cabinetry to match. The building also features original donated artwork from six Black and brown artists adding cheer throughout, including a portrait of Hattie Redmond.

“For decades, I’ve watched our members be priced out and pushed out of neighborhoods that were once stable and welcoming of Black Portlanders,” said Urban League of Portland President & CEO Nkenge Harmon Johnson. “We also know that more Black developers and property owners are a necessary part of the solution. For those reasons, the Urban League chose to be co-developers of the Hattie Redmond Building as well as provide wrap-around services for residents.”

Over the last three-plus decades, U.S. Bancorp Impact Finance has partnered on 95 affordable housing projects, investing more than $492 million in equity and more than $611 million in lending to create or rehab 9,000+ affordable housing units in the Portland area.  

Nationwide, U.S. Bancorp Impact Finance provides tax credit investments and syndications, lending and other financial solutions to help create affordable housing, spur economic activity in underserved communities, restore historic buildings, develop renewable sources of energy and strengthen Community Development Financial Institutions.

Originally published on TriplePundit

With their reliance on massive combines and other large pieces of diesel-powered equipment, the agriculture and construction industries present a major challenge for electrification. Nevertheless, suppliers are beginning to offer electric options, and the global firm CNH Industrial illustrates how careful strategizing can yield rapid results.

A head start on electrification

The Electrification Portfolio Management team is a relatively new addition to CNH Industrial as the electrification industry picked up steam over recent years. The sector’s rapid rise has enabled CNH Industrial to recruit talent from a deep pool of accomplished electrification experts.

“Now that the technology is known, there is a well-defined supply chain and expertise in the market, we decided to look at the market and bring in that expertise,” said Mario de Amicis, head of the CNH Industrial electrification team.

Knowing both the customer and the technology is another foundation of the company’s strategy. While some firms have gained publicity by electrifying massive pieces of machinery, CNH Industrial assessed the demand for relatively small, lightweight utility tractors, taking particular note of the specific benefits that electrification would bring to customers.

Collaborating to accelerate electrification

Another leg of the strategy involves forming partnerships with experienced electrification companies, helping to accelerate the timeline from concept to market. For its inaugural electric tractor project, CNH Industrial enlisted the U.S. firm Monarch Tractor as a strategic partner.

The result was a prototype version of the T4 Electric Power, an all-electric utility tractor for CNH Industrial’s New Holland Agriculture brand. The prototype was produced in record time and unveiled at the company’s tech day event in Phoenix, Arizona, in December 2022.

A production model will extend to CNH Industrial’s Case IH brand as well, where the company has also introduced an all-electric mini-excavator.

Electric vs. diesel vehicles: Compare and contrast

Around 70 percent of the CNH Industrial’s electrification team comes from the automotive industry, de Amicis said. That experience shows up in T4 features that have become standard fare in electric vehicles, including battery range that can last up to a day depending on the type of work. Another key element is fast-charging capability: a bi-directional charging system enables the tractor to provide power to electric tools (such as welding machines and drills) and function as a generator for emergency or daily use.

The commercial version of the T4 will launch with remote and autonomous features. Similar to those in other electric vehicles, these elements are expected to result in significant productivity improvements.

“Farmers can remotely activate the tractor via a smartphone app,” the company detailed in a recent announcement. “Shadow Follow Me mode lets operators sync machines to work together. A 360-degree perception system detects and avoids obstacles. Telematics and auto guidance keep all functions in check for operators.”

CNH Industrial also took care to incorporate a power take-off feature and other standard elements for attaching implements to a tractor, with a high-tech twist. The T4 comes with a fleet management controller that recognizes and links the attachments, enabling farmers to run the tractor remotely through all stages of use.

All the benefits of electrification

As with all electric vehicles, the T4 eliminates tailpipe emissions and offers a significant savings on operating costs. CNH Industrial estimates a savings up to 90 percent over the cost of fueling and maintaining a diesel engine. The electric drive also delivers improvements in responsiveness, traction control and all-around handling, according to the company.

In terms of agricultural use, the electric tractor eliminates the risk of soil contamination from spills or accidents, de Amicis said. That’s an especially important consideration for regenerative agriculture, which prioritizes soil health.

On a more holistic basis, regenerative practices also prioritize worker health, making a zero-emission tractor all the more attractive.

The T4 reduces noise by up to 90 percent, according to company estimates, and tamps down on vibrations, too. That’s a significant improvement in the well-being of both workers and farm animals, while lessening disturbance for nearby neighbors.

Similar benefits are at work in CNH Industrial’s electric mini-excavator. It is sized to enable it to pass through doorways and conduct work indoors, free of the diesel fumes and noise of conventional equipment.

Next steps for decarbonization

CNH Industrial also offers farmers a methane biofuel option for New Holland’s T7 and T6 tractors. These models are a particularly good fit for livestock farms with digester equipment, which extract biogas from manure.

“Farmers grow crops and use waste products to generate biomethane, which powers the tractor, which, in turn, helps to grow those very crops,” New Holland’s website reads.

Electrifying combines and larger pieces of equipment involves another set of challenges. Here, CNH Industrial is focusing on a hybrid strategy to satisfy customer demand for both performance and efficiency, while also achieving a sharp reduction in carbon emissions, de Amicis said.

“Battery-electric, with no combustion, is a really good application for small machines,” he explained. “But when we move up, we know that — due to the limit of the power density and cost of the battery — we need to talk about hybridization for medium to large machines.

Much of the equipment attached to farm and construction vehicles is driven by hydraulic systems, which lend themselves to electrification.

“Electrification is an opportunity for efficiency,” de Amicis said. “A tractor is pointless alone. It is intended to pull and provide energy for something else — for implements. There is a lot of opportunity because of the hydraulics in implements, and if we move to electrification, we can improve controllability.”

Beyond EV batteries

As much as CNH Industrial and other firms have been helped along their electrification journey by the size and maturity of the on-road electric vehicle market, further progress in the off-road area will require a tailored approach.

The next step involves forming new supply chain partnerships to develop a battery designed specifically for high-voltage systems, de Amicis said. “We can’t simply copy and paste what the automotive industry is doing. Due to the specific requirements linked with our environment, a customized solution is required.”

The decarbonization of the agriculture and construction industries is only just beginning. But equipment suppliers such as CNH Industrial are poised to overcome the technology challenges and accelerate the transition away from fossil energy.

This article series is sponsored by CNH Industrial and produced by the TriplePundit editorial team.

Image courtesy of CNH Industrial 

Carver CEO to helm community development nonprofit with $30 billion in local investments Will begin in role on October 2, 2023 NEW YORK, Aug. 10, 2023 /PRNewswire/ — The Local Initiatives Support Corporation (LISC) has named Michael T. Pugh, president and CEO of Carver Bancorp [NASDAQ:…

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