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SF mayor's downtown revival project has reeled in $60 million from Google, OpenAI and others
CNBC· 2025-12-09 13:00
Core Insights - The San Francisco Downtown Development Corporation (SFDDC) has raised over $60 million in early commitments from major donors, including Google and OpenAI, to revitalize San Francisco's downtown area [3][6] - The initiative, led by Mayor Daniel Lurie, aims to enhance street safety, support small businesses, and improve the overall cleanliness of the city [1][5] - Significant funding will be allocated for direct grants to businesses, marketing support, and the development of a new Embarcadero Park, inspired by successful models from New York City [5][6] Funding and Financials - SFDDC has successfully raised $50 million, an increase from $40 million since its inception [2] - The organization plans to provide below-market capital from lending partners to renovate vacant retail spaces [5] - The venture funding in San Francisco is expected to surpass the record set in 2021, driven by investments in artificial intelligence [8] Economic and Social Impact - The city has seen a 30% decrease in crime rates compared to 2024, contributing to a rise in event bookings and tourism [8] - The upcoming Super Bowl LX and FIFA World Cup in 2026 are anticipated to further boost economic activity in the area [6] - Mayor Lurie emphasizes that a thriving downtown benefits residents, families, and small business owners, highlighting the importance of public safety and cultural engagement [7]
Mamdani draws NYC investors to advise him if he wins mayor race
Fortune· 2025-09-23 16:25
Group 1: Advisory Group Formation - An advisory group is being formed by members of New York City's business community to guide mayoral candidate Zohran Mamdani if he wins the election in November [1] - The group includes notable figures such as Andrew Milgram from Marblegate Asset Management and Kevin Ryan from AlleyCorp [1][7] - OneNYC, an independent expenditure committee, is organizing the council with input from various sources, including Partnership for New York City CEO Kathy Wylde [2] Group 2: Mamdani's Campaign and Policies - Mamdani, a democratic socialist, has pledged to freeze rents, provide free child care, and open government-run grocery stores, but his plans to raise taxes on corporations and the wealthy have raised concerns among business leaders [3] - His criticism of Israel has also caused unease within the business community [3] Group 3: Business Community Engagement - Wylde emphasized the importance of Mamdani's outreach to the business community, stating that he will need their support to address the city's challenges if elected [4] - Yasser Salem from OneNYC mentioned the goal of assembling a panel of experts across various sectors to develop policies that reinforce New York City's status as a global business leader [4] Group 4: Campaign Finance and Polling - Under campaign finance rules, the advisory group cannot coordinate directly with Mamdani, who currently holds a double-digit lead in polling against his opponents [5] Group 5: Marblegate Asset Management - Marblegate, led by Milgram, is the largest owner of medallions in New York City, having acquired thousands of them after their value collapsed due to the rise of ride-sharing companies [6] - The firm specializes in distressed and special situations and also operates a loan-servicing business and a taxi clubhouse for drivers [6] Group 6: Tech Community Engagement - Ryan from AlleyCorp has been active in organizing meetings between Mamdani and members of the tech community as part of a strategy to address their concerns [8] - Mamdani has engaged in discussions with prominent business leaders, including Jamie Dimon and Brad Karp, to foster relationships and mitigate concerns about his rhetoric [8] Group 7: Fundraising and Future Strategies - OneNYC has raised $179,000 for pro-Mamdani campaigns and has nearly $1 million in commitments [9] - The advisory council is expected to develop strategies for public-private partnerships and talent recruitment for Mamdani's potential administration [9]
More Older Adults in California can Access Bedside Dialysis, Behavioral Health and Other Services Thanks to $295,000 in Grants from Health Net
Prnewswire· 2025-07-30 15:00
Core Insights - Health Net, a subsidiary of Centene Corporation, has awarded $295,000 in grants to organizations aimed at enhancing the quality of life for older adults in California [1][2] - The funding is part of Health Net's broader commitment to community support, having invested over $158 million from 2017 to 2024 in community-based organizations [3] Grant Recipients and Initiatives - A Senior Connection will use the grant to hire personnel for the rollout of the state's Community Supports benefit [6] - NewGen Administrative Services will enhance patient comfort by adding bedside dialysis units, reducing complications from travel to off-site centers [6] - ONEgeneration will expand mental and behavioral health services for older adults, ensuring access to necessary resources [6] - St. Barnabas Senior Services will upgrade kitchen infrastructure to provide healthy, culturally-centered meals for older adults [6] - WISE & Healthy Aging aims to improve collaboration between Skilled Nursing Facility representatives and emergency services to reduce unnecessary 911 calls [6] Company Overview - Health Net has been operating in California for over 45 years, providing health plans for individuals, families, and those eligible for Medi-Cal or Medicare [5] - The company serves more than three million members with a network of over 117,000 providers [5][7] - Centene Corporation, the parent company, is committed to transforming community health through various managed healthcare products and services [7]
Venu Holding Corp(VENU) - Prospectus(update)
2024-10-21 10:12
Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Venu Holding Corporation As filed with the Securities and Exchange Commission on October 18, 2024 Registration No. 333-281271 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Colorado 7900 82-0890721 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificatio ...