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SPECIAL FEATURE STORIES FROM AROUND
THE WORLD!
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***CORONAVIRUS UPDATES – POTENTIAL VACCINE TO ENTER PHASE 2/3 IN GLOBAL TRIALS: Over 16.3 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding or downplaying the scope of their nations’ outbreaks.
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***SECOND COVID-19 WAVE FORCES NEW TRAVEL CURBS AROUND THE GLOBE: Nations in Asia imposed new restrictions on Monday, while an abrupt British quarantine on travelers from Spain threw Europe’s summer reopening into disarray, as the world confronted the prospect of a second wave of COVID-19 infections.
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A SNAPSHOT OF WHAT’S HAPPENING
NATIONALLY!
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***’IN THIS TOGETHER’ CAMPAIGN AIMS TO INVEST $1 BILLION IN MINORITY BUSINESSES IMPACTED BY COVID: More than 30 blue-chip companies-including the likes of Capital One, ExxonMobile, Nissan North American Inc., and Procter & Gamble Co.-have pledged to support Black businesses and the Black Lives Matter movement.
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***WELLS FARGO LAUNCHES $400 MILLION SMALL BUSINESS RECOVERY EFFORT: Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled today the details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic keep their doors open, retain employees, and rebuild.
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***CLEARINGHOUSE CDFI HELPS CREATE NEW PRIVATE EQUITY FUND TO CONCENTRATE ON THE GROWTH AND GLOBAL COMPETITIVENESS OF MINORITY BUSINESSES: The Minority Wealth Commission-a bi-partisan National Commission of diverse leaders representing a cross section of capital funding, procurement/contracting, economic development, and corporate/nonprofit leadership focused on minority businesses-announced today the launch of the FVLCRUM Fund. The fund, with initial capital commitments of over $50 million, will raise a total of $250,000,000 to invest as a combination of equity and debt capital into proven, high-growth enterprises operated by people of color.
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YOUR AUGUST 2020 NEWS BULLETIN BRIEF
FROM THE…
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***GROVE LIFE ANNOUNCES PLANS TO EXPAND IN SPRING HILL:
- $1.9 million investment will be used to renovate new building and existing space
- Expansion will create more than 70 new jobs in Maury County
- Company makes active lifestyle accessories, including silicone rings and watch bands
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***AMAZON PLANS TO CREATE 1,000 NEW JOBS IN MOUNT JULIET: Amazon plans on building a new fulfillment center in Tennessee that could bring 1,000 new jobs to Wilson County. The 855,000-square-foot facility will be located in Mount Juliet, and is
expected to launch in late 2021, Gov. Bill Lee and Tennessee Department of Economic and Community Development Commissioner Bob Rolfe announced Friday afternoon.
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***KENTUCKY FARMERS STEP UP TO MEET COMMUNITY NEED DURING COVID-19: Many small-scale farmers in the Commonwealth have risen to the challenge of providing food for their communities during the coronavirus pandemic, and some say strengthening the local food supply is critical to lessening the blow from the next crisis.
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***GE APPLIANCES TO HIRE 150 PART-TIME WORKERS IN LOUISVILLE:
With back-to-school season for college students just around the corner, GE Appliances, a Haier company, is creating 150 new part-time production positions at Appliance Park as part of its GEA2DAY program. Established in 2018, GEA2DAY offers college students and others interested in part-time work the opportunity to join a weekly two-day workforce that provides a $14 an hour wage, real-world work experience and benefits that include up to $6,000 per year in college tuition assistance.
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***NEW SOLUTIONS IN MATH TEACHING AND LEARING: WVU PROJECT BRINGING $3 MILLION INVESTMENT INTO WEST VIRGINIA: Experts agree that a solid math foundation opens doors for future possibilities, yet improvement in math outcomes has proven an elusive target for states across the country. Innovation is necessary, and the Mountain State is poised to lead the way.
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***WEST VIRGINIA COAL TOWNS RE-IMAGINE THEMSELVES AROUND THE GREAT OUTDOORS: While the coronavirus crisis has devastated many local economies, it has boosted others. That includes some Appalachian coal towns that have been remaking themselves around outdoor recreation.
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NO LIMITS … JUST OPPORTUNITIES
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