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TRF's PolicyMap Needs Your Vote Today!
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TRF's PolicyMap has been nominated as a finalist for CNET's Webware 100 Awards and we need your votes to win! CNET, nationally known for its reviews of tech products, evaluated more than 5,000 sites to pick the 300 they believed are the best Web 2.0 applications for 2009. PolicyMap is among the best sites for GPS and Location-Based Services. Voting ends April 30th so please vote today. To vote, simply click on the button on the right, select PolicyMap and submit.
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Socially-minded Investors Step Up
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The last quarter was particularly encouraging for TRF as we welcomed new investments from a range of investors. TRF takes this opportunity to thank those who made decisions to increase or begin new investments with us, especially given these difficult economic times. Among them are the Calvert Foundation, which increased its investment in TRF by $1.5 million. The William Penn Foundation, a longtime TRF partner, converted $2 million of a loan it had made to TRF into equity. TRF also welcomed a new member to its family of investors -- the Van Ameringen Foundation, which is providing TRF with a $1.5 million loan. Making a loan is new for this family foundation, which understood the need to do more now in the communities it cares about.
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Tom Woodward and Pat Kelly from Bank of America present a grant to TRF, represented here by Maggie McCullough and Jeremy Nowak. Bank of America provided a $200,000 operating support grant, which TRF is using for PolicyMap.
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TRF Staff Testify Before Congress
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In March, TRF's Jeremy Nowak testified before the House Appropriations Subcommittee on Interior, Environment & Related Agencies in support of FY10 Appropriations for the National Endowment for the Arts. The Congressional hearing entitled The Arts = Jobs was hosted by House Appropriations Subcommittee on the Interior Chair Norm Dicks (D-WA). Others testifying to support strong public policies for the arts, appropriating increased public funding for the arts, and supporting arts workers, included Wynton Marsalis, Artistic Director of Jazz at Lincoln Center, Josh Groban, GRAMMY®-nominated singer-songwriter, Linda Ronstadt, GRAMMY®-Award winning singer and Robert L. Lynch, Americans for the Arts President and CEO. In January, TRF's Rob Sanders joined a team from the Environmental and Energy Study Institute and the Clean Energy States Alliance to testify at a Congressional briefing on the importance of using American Recovery and Reinvestment Act stimulus dollars for financing clean energy and energy efficiency projects. The briefing offered specific recommendations to Congress on how the federal government working in partnerships with states can more effectively tackle the country’s energy, economic, and climate challenges.
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TRF Finances new Supermarket in LaSalle University's Olney Neighborhood
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TRF’s Fresh Food Financing Initiative continues to receive
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A rendering of the proposed
mixed-use retail development.
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widespread attention and accolades, most recently highlighted in a New York Times editorial (March 21, 2009) for its success in bringing grocery stores to underserved areas. Over 4-years old now, FFFI has committed $63.3 million in grants and loans to 68 stores across the Pennsylvania, ranging in size from 900 to 69,000 square feet. In total, these projects are expected to bring 3,734 jobs and over 1.44 million square feet of fresh food retail across the state. Most recently, the program provided financing to a mixed-use retail development on land leased from LaSalle University. This center will be anchored by a 50,000 square foot supermarket. TRF will support this project by providing over $7 million in financing for energy efficient construction/permanent financing as well as equipment financing. The project is expected to create approximately 200 skilled and unskilled local jobs. The store will bring access to affordable, fresh food to this neighborhood that currently has no supermarkets.
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TRF's charter school lending was recently featured in the Wall Street Journal. Read the article...
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