|By PR Newswire||
|December 19, 2012 01:01 AM EST||
Disabled Adults, Abused Women Among Beneficiaries
ST. LOUIS, Dec. 19, 2012 /PRNewswire-USNewswire/ -- St. Louis nonprofits serving some of the city's most needy communities are realizing significant benefits resulting from affordable financing from nonprofit community development financial institution (CDFI) leader IFF. Assistance League St. Louis is expanding programs, serving more low-income students and battered women; and Project, Inc. has been able to protect the employment of disabled adults, who might otherwise be unemployed, while saving taxpayers money.
IFF, which began its St. Louis operations in 2007 and was certified by the U.S. Treasury as a CDFI in 1996, uses some government grants and tax credits to leverage substantially greater private resources to provide facilities loans and related services at below-market rates to organizations serving low-income communities. These organizations are addressing such essential community needs as education, healthcare, housing, child care and access to healthy food. Here are two of IFF's most significant St. Louis accomplishments to date:
IFF loan to Assistance League St. Louis Allows for Expanded Services for Low Income Families
Assistance League St. Louis is celebrating its 25th anniversary as a fixture in the community supporting low-income families through innovative programs. An IFF loan of $750,000 allowed Assistance League St. Louis to purchase their own expanded facility and attract new volunteers. More fundamental to Assistance League's mission, the loan helped increase by 30 percent the number of low-income students it serves through Operation School Bell™– an innovative program that provides uniforms and other clothes.
Additionally, lower debt payments freed precious resources to reach more people in the community through such other unique programs as Project ROSE (Raise Our Self Esteem), which provides abused women with essentials upon their arrival at a shelter and Steps to Success, which equips needy children with athletic shoes.
All these programs provide tangible benefits for those most in need, but perhaps just as importantly, they boost the self confidence of children, who now have a new pair of shoes for school, or women, who can feel closer to normal with needed personal items and clothing after fleeing domestic abuse.
Sandra Johnson, President of Assistance League St. Louis said of IFF's help, "We now have more money to spend on programs and not on rent. That has allowed us to serve more children, add 57 new volunteers and for the first time, we are forming a program expansion committee to address new needs in the community."
IFF Loan to Project, Inc. allows DeCycleIt! Program to Employ Disabled Adults and Reduce Dependence on the State
Project, Inc.'s idea to employ disabled adults for secure document destruction (SDD) through its DeCycleIt! program is recognized by IFF for its enterprising business model and commitment to a vulnerable population.
DeCycleIt!, a member of the National Secure Document Alliance (SDA), is the only nonprofit SDD in the St. Louis area among 38 competitors. Its mission to employ developmentally disabled adults – a highly unemployed segment of the population—has a twofold effect on the community: it increases the self respect and quality of life of the individuals involved while reducing the strain on the city and state's social services. For every ten employees, Project Inc. hires, it saves Missouri taxpayers $225,000 a year. The economic multiplier effect of the 123 disabled individuals currently employed by Project Inc. and its DeCycleIt! program is thus substantial.
An IFF low-interest rate loan of $200,000 to Project Inc. allowed it to expand its business operations to include secure document destruction through the DeCycleIt! program and protect the employment of eight disabled individuals who were vulnerable to cutbacks in the down market. "Other commercial banks didn't see it as attractive because other banks don't understand nonprofits. IFF understood and had a great eye for this stuff," said Matt Burridge. He praised IFF's dedication to identifying and supporting organizations such as Project Inc. and its DeCycleIt! program – which, through their help of individuals, engenders broader societal benefits.
These loans are part of $66-million IFF has invested directly in 68 Missouri nonprofits through over 108 loans since 2006.
IFF Stands for Comprehensive Community Development
One of America's leading nonprofit community development financial institutions (CDFIs), IFF strengthens nonprofits and their communities through lending and real estate consulting that helps these organizations plan, finance, and build facilities that are critical to their success.
Founded in 1988, IFF has total assets of more than $235 million and serves nonprofits working with low-income communities and special needs populations in Illinois, Indiana, Iowa, Missouri and Wisconsin.
Midwest-wide, IFF's lending has leveraged over $1 billion dollars to invest in child care and primary health care centers, supportive housing, charter schools, shelters and affordable housing—helping to provide child care for over 4,617 children, a quality school facility for 26,422 students, 3,262 units of affordable housing, 174,884 health care visits and 48,114 jobs.
IFF's strong financial performance and wide-reaching community impact has earned it the highest rating from the CDFI Assessment and Rating System (CARS). This makes IFF one of only four CDFIs nationwide – and the only one in the Midwest – to earn CARS' highest rating of "1" for Financial Strength and Performance; "AAA" for Impact Performance; and a "Policy Plus" for leadership in policy changes supporting disadvantaged people and communities. To learn more about IFF, visit www.iff.org.
Marc Brailov: 312-596-5124
Kate Maher: 312-521-7385
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 27, 2016 02:45 PM EDT Reads: 3,437
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 27, 2016 12:45 PM EDT Reads: 2,332
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 27, 2016 12:30 PM EDT Reads: 3,609
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 27, 2016 12:00 PM EDT Reads: 627
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 27, 2016 12:00 PM EDT Reads: 480
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 27, 2016 12:00 PM EDT Reads: 621
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 27, 2016 11:00 AM EDT Reads: 3,964
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 27, 2016 11:00 AM EDT Reads: 2,347
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 27, 2016 10:30 AM EDT Reads: 1,959
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 27, 2016 10:15 AM EDT Reads: 1,893
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 27, 2016 08:45 AM EDT Reads: 759
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 27, 2016 08:00 AM EDT Reads: 607
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 27, 2016 07:45 AM EDT Reads: 672
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 27, 2016 07:45 AM EDT Reads: 792
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 27, 2016 03:15 AM EDT Reads: 1,782