|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
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 26, 2016 10:00 PM EDT Reads: 2,664
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 09:45 PM EDT Reads: 2,956
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, 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. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 26, 2016 09:30 PM EDT Reads: 2,731
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 08:45 PM EDT Reads: 3,379
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 08:45 PM EDT Reads: 2,150
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 26, 2016 08:30 PM EDT Reads: 1,590
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor 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. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 08:00 PM EDT Reads: 2,888
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 07:30 PM EDT Reads: 332
SYS-CON Events announced today that Secure Channels 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. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 26, 2016 05:15 PM EDT Reads: 1,595
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,605
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 ...
Sep. 26, 2016 05:00 PM EDT Reads: 1,837
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,727
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,621
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 04:30 PM EDT Reads: 2,119
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,035