|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
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Mar. 30, 2017 05:00 AM EDT Reads: 10,063
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 30, 2017 04:45 AM EDT Reads: 3,311
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Mar. 30, 2017 04:45 AM EDT Reads: 397
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 30, 2017 04:45 AM EDT Reads: 3,327
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Mar. 30, 2017 04:15 AM EDT Reads: 946
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 30, 2017 04:15 AM EDT Reads: 2,246
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Mar. 30, 2017 04:00 AM EDT Reads: 3,191
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Mar. 30, 2017 03:45 AM EDT Reads: 3,450
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 30, 2017 02:15 AM EDT Reads: 4,105
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 30, 2017 01:30 AM EDT Reads: 2,624
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 30, 2017 01:15 AM EDT Reads: 1,236
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Mar. 30, 2017 01:00 AM EDT Reads: 8,318
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
Mar. 30, 2017 12:45 AM EDT Reads: 713
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 30, 2017 12:30 AM EDT Reads: 1,539
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
Mar. 30, 2017 12:15 AM EDT Reads: 3,602