St. Louis plans $1.5 million business service office on Sumner campus | Politics

St. Louis plans $1.5 million business service office on Sumner campus | Politics






Sumner could be slated to close

A group of student enters the Sumner High School building on Thursday, Feb. 27, 2020, shortly after dismissal. Sumner, located at 4248 Cottage Ave. in St. Louis, is one of the schools in the St. Louis Public Schools system that could be considered for closing because of low enrollment. Photo by Christian Gooden, cgooden@post-dispatch.com




ST. LOUIS — A year after surviving closure plans because of low enrollment, historic Sumner High School in the Ville neighborhood could soon be home to a new office connecting businesses and entrepreneurs to loan products, training and other resources.

The Northside Economic Empowerment Center, funded with $1.5 million from St. Louis’ federal pandemic relief money, hopes to open its suite of business services by June in the annex on the eastern side of the Sumner campus.

“Through the Northside Economic Empowerment Center, the city will bring resources directly to the neighborhoods that have lacked access to these tools while collaborating to use community anchors in new and innovative ways,” said Neal Richardson, executive director of the St. Louis Development Corp., whose board approved the plan Thursday morning.

SLDC and the city are working with St. Louis Public Schools, which still needs its board to sign off on the agreement, as well as the Sumner Advisory Board, an independent group set up a year ago to develop programs to keep the school viable after the district shelved a plan to shutter it during a round of school closures.

People are also reading…

  • Cora Faith Walker, a top St. Louis County official and former state lawmaker, dies at 37
  • Tipsheet: Braves add Olson, turn page on fan favorite Freeman
  • On heels of St. Louis ‘Bachelor,’ the next ‘Bachelorette’ is from O’Fallon, Ill.
  • What’s the deal? While Cardinals finalize plan for Flaherty’s right shoulder, they sign Dickerson for lefthanded swing
  • Germany to buy F-35s, upgrade Eurofighters in blow to Boeing
  • French: A mysterious death leads to threats and insults from the mayor’s father
  • A 13-year-old was driving the pickup truck that struck a van in Texas, killing nine people, says NTSB
  • Editorial: Missouri bill to outlaw abortion in ectopic pregnancies is effectively a death sentence
  • Cardinals’ Flaherty heads for exam on right shoulder, misses second day of workouts
  • Hochman: Cardinals could come up short at shortstop in 2022
  • Hochman: Cardinals should sign Schwarber and put down 25-30 DH homers in pen, not pencil
  • Altman? English? Golden? Mizzou coaching search gets started with options galore
  • BenFred: Would Mizzou give scandal-plagued basketball coach a shot? An important question is going unanswered
  • Cardinals sign left-handed bat Corey Dickerson to one-year deal
  • Bonne Terre policeman killed, another injured in shootout with gunman at motel

The school, designed by famed architect William B. Ittner for 1,100 students, saw enrollment dwindle to just under 200 by last school year, prompting its inclusion in the district’s list of proposed school closures.

But its history as the first public high school for Black students west of the Mississippi River and its roster of famous alumni that includes Tina Turner, Chuck Berry and Margaret Bush Wilson spurred neighborhood and city leaders to come up with a plan to save the school, drawing support from cultural groups to help build an arts focus on campus.

“We want to protect the school for our scholars,” said Aaron Williams, chair of the Sumner Advisory Board who is active in the Ville’s neighborhood groups. “Part of the challenge has always been Sumner is a very large campus. It was hard for SLPS to sustain the school. By bringing in partners, it makes their job a little bit easier.”

The new business service center will add another dimension to the campus, offering business counseling as well as staff to connect small businesses with SLDC’s array of lending programs. There also will be staff to help companies certify as minority- or woman-owned, a designation that can help firms when bidding for projects. That certification office is currently based at St. Louis Lambert International Airport.

Partners in the business service effort include Lambert, Small Business Empowerment Center, Missouri Business Development Agency, Mastercard Digital Doors, Maryville University, and the St. Louis Agency on Training and Employment.

Richardson said the new center will bring along groups that have not had presence in north St. Louis before, and, in addition to helping the city’s small businesses, it will bring “year-round activity to Sumner High School” and “leverage the school as an anchor to that community.”

Williams and his group plan to find ways the business center can also aid Sumner students through job or entrepreneurship programs.

Under a proposed two-year agreement, the district would charge SLDC $100,000 for the space at Sumner, with an option for a third year. But Richardson said the goal is to make the business services office self-sustaining and “a pillar of the community long term.”

Originally posted at 5 p.m. Thursday, March 17.


Residents blame city, district leaders for upcoming school closures in St. Louis


Sumner High School in St. Louis to stay open with an arts and activism focus


St. Louis School Board grants temporary reprieve for closure of Sumner High


Group chosen to administer $15 million St. Louis housing fund


City Hall pushes for clear guidelines for incentives to ‘keep development moving’ in St. Louis


Public goods for public dollars: New City Hall team shakes up incentive game in St. Louis

UMSL joining with St. Louis Fed to offer graduate certificate program in personal finance literacy education – UMSL Daily

UMSL joining with St. Louis Fed to offer graduate certificate program in personal finance literacy education – UMSL Daily
Students converse in a group in front of a projector screen at the Ed Collabitat

UMSL and the Federal Reserve Bank of St. Louis have labored jointly to create a graduate certificate application in personal finance for educators. Instruction starts with an in-particular person seminar June 6-10 at the St. Louis Fed’s downtown office environment and proceeds on the net in the course of the tutorial 12 months setting up in September. (Picture by August Jennewein)

The College of Missouri–St. Louis is joining with the Federal Reserve Bank of St. Louis to present secondary school instructors a graduate certification in personalized finance literacy education and learning aimed at supporting to improve the excellent of personalized finance instruction all through Missouri.

The software requires 12 hours of in-individual and online graduate credit history coursework in excess of one particular calendar year. Instruction commences with an in-person seminar June 6-10 at the St. Louis Fed’s downtown place of work and proceeds on-line in the course of the tutorial year beginning in September.

“This is a special partnership, most likely the initially of its variety in the nation, and it will enable rework private finance education in the St. Louis area and throughout the point out,” stated Andrew Kersten, dean of the University of Arts and Sciences.

Mary Suiter

Mary Suiter, assistant vice president and head of economic education at the St. Louis Fed and an UMSL economics alumna, has served create the curriculum for the new certificate plan.

The method is composed of nine credit score hrs of synchronous and asynchronous online studying and three hours acquired from an in-person weeklong seminar at the St. Louis Fed. The plan is open up to any qualified instructor interested in teaching personalized finance. Twenty educators will be selected for the initially cohort.

“Often these instructing individual finance need assistance in the form of content, educational procedures, and classroom methods,” claimed Mary Suiter, assistant vice president and head of financial schooling at the St. Louis Fed and an UMSL economics alumna. “This method gives academics specialist improvement that emphasizes arms-on understanding, instructional tactics grounded in cognitive science, and own finance content grounded in economic final decision-earning. Teachers in the system will use all of this to enhance classroom instruction.”

The system will emphasize financial determination-generating utilized to private finance information that aligns with national instruction standards, like careers and earning cash flow, paying out, preserving, liable use of credit score, investments, and coverage.

Past instruction, the system will also provide educators with a community of particular finance lecturers to share understanding and very best tactics.

“When instructors are asked to be at the forefront of academic initiatives like needed instruction in personal finance, it is essential that we also supply them pertinent, practical, and effectively-grounded awareness and pedagogies,” reported Ann Taylor, dean of the School of Education. “We are thrilled to partner with our colleagues at the Federal Reserve Lender and across campus to begin what will turn out to be the go-to certificate application for academics and learners in personal finance schooling.”

The charge of the application is $522 for each credit history hour for Missouri and Illinois residents. Scholarships will be offered.

For much more information about course content material, contact Mary Suiter at mary.c.suiter@stls.frb.org. For questions about enrollment or scholarships, make contact with David Stofer at dastofer@umsl.edu.

Media Protection
St. Louis Organization Journal

Share

Small URL: https://blogs.umsl.edu/news/?p=92334

Oakland Woman Who Spent PPP Loans On Louis Vuitton Bags and Private Jets Gets Three Years In Federal Prison

Oakland Woman Who Spent PPP Loans On Louis Vuitton Bags and Private Jets Gets Three Years In Federal Prison

A 32-yr-outdated Oakland girl who was arrested and billed very last calendar year in a plan to defraud the federal government out of $4.5 million in pandemic reduction funds has just been sentenced to a few several years in jail and will have to shell out above $1 million in restitution.

Christina Load, who resided in Oakland but was arrested in Austin, Texas in February 2021, is an accountant by trade, and federal prosecutors located that she created multiple shell companies in 2020, together with one particular identified as “Blessing Box Co LLC” and one called “Load Consulting Team LLC,” and used for hundreds of thousands of dollars in Payroll Defense Software (PPP) and Financial Personal injury Disaster Financial loan Method (EIDL) financial loans. However she was self-used as an administrative marketing consultant and accountant, Burden claimed in falsified files to have 89 workforce and a every month payroll of $700,000.

In total she filed 10 programs for financial loans totaling $4.5 million, and she properly been given above $1 million, together with $992,291 in fraudulent PPP loans. Investigators uncovered that relatively than use the money to preserve real companies afloat, Load invested the dollars on lavish vacation charges like private jets and inns, and $124,000 was put in on luxury purchases from Louis Vuitton, Neiman Marcus, and Nordstrom. A further $150,000 was spent on three cars, which includes a Mercedes Benz and a Land Rover.

According to a Thursday launch from the Section of Justice, Stress pleaded responsible to two counts of lender fraud and two counts of revenue laundering.

United States District Decide Yvonne Gonzalez Rogers sentenced Burden to 36 months in federal jail plus 3 many years of supervised launch. Additionally, she will have to pay back $1,143,191 in restitution to the feds.

The optimum sentence Burden could have faced was 30 yrs.

“Those who want to defraud programs developed to aid people in need must know that the FBI and our associates will go after each investigative device available to us to ensure the integrity of all those applications and that they continue to be available to our community’s little company house owners,” claimed FBI San Francisco Unique Agent in Cost Craig Reasonable when Burden’s costs ended up 1st submitted.

The PPP and EIDL systems arrived out of the Coronavirus Aid, Reduction, and Financial Stability (CARES) Act, passed by Congress in late March 2020, just as pandemic-associated lockdowns shut down huge sections of the U.S. economic climate, triggering hardships at numerous ranges. The PPP software issued a whole of $800 billion in financial loans, all of which could be forgiven if enterprises maintained staffing at pre-pandemic ranges, and if they spent 60{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the money on payroll — with the remainder on mortgage loan, lease, utilities, and other eligible charges.

An tutorial functioning paper launched previous August advised that 15{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the financial loans granted, or $76 billion worthy of, had at the very least a person indicator for likely fraud. The study pointed to fintech organizations who have been supporting administer the application financial loans for displaying the greatest level of attainable fraud in their mortgage records.

The DOJ has been at work prosecuting numerous significant instances of alleged fraud, which includes 4 people today in Richmond and Sugar Land, Texas, who obtained $18 million in fraudulent PPP loans and utilized for a full of $35 million in financial loans. People 4 men and women had been billed in December.

Picture: Giorgio Trovato

St. Louis Community Credit Union Launches Business Services Division | Business

St. Louis Community Credit Union Launches Business Services Division | Business

UMSL joining with St. Louis Fed to offer graduate certificate program in personal finance for educators – UMSL Daily

UMSL joining with St. Louis Fed to offer graduate certificate program in personal finance for educators – UMSL Daily
Students sit and listen intently in class

UMSL and the Federal Reserve Lender of St. Louis have worked collectively to develop a graduate certification method in personalized finance for educators. Instruction commences with an in-human being seminar June 6-10 at the St. Louis Fed’s downtown business office and carries on on the internet during the academic year commencing in September. (Photo by August Jennewein)

The College of Missouri–St. Louis is signing up for with the Federal Reserve Financial institution of St. Louis to give secondary university instructors a graduate certification in particular finance aimed at supporting to make improvements to the good quality of private finance instruction in the course of Missouri.

The method necessitates 12 hrs of in-person and on-line graduate credit score coursework about a person year. Instruction begins with an in-particular person seminar June 6-10 at the St. Louis Fed’s downtown business office and carries on on the net all through the educational 12 months starting off in September.

“This is a exceptional partnership, probably the very first of its sort in the country, and it will assistance rework own finance training in the St. Louis region and throughout the condition,” stated Andrew Kersten, dean of the Faculty of Arts and Sciences.

Mary Suiter

Mary Suiter, assistant vice president and head of economic schooling at the St. Louis Fed and an UMSL economics alumna, has assisted produce the curriculum for the new certification application.

The program is made up of nine credit rating hrs of synchronous and asynchronous on the internet finding out and a few hrs acquired from an in-human being weeklong seminar at the St. Louis Fed. The method is open to any accredited trainer fascinated in educating own finance. 20 educators will be selected for the initially cohort.

“Often individuals instructing personalized finance need assist in the type of content material, educational techniques, and classroom methods,” mentioned Mary Suiter, assistant vice president and head of economic schooling at the St. Louis Fed and an UMSL economics alumna. “This system presents teachers specialist development that emphasizes palms-on discovering, tutorial methods grounded in cognitive science, and particular finance information grounded in financial final decision-producing. Teachers in the method will use all of this to boost classroom instruction.”

The study course will emphasize financial decision-creating used to personal finance content that aligns with countrywide schooling standards, which includes professions and earning cash flow, investing, preserving, dependable use of credit history, investments, and insurance plan.

Past instruction, the program will also offer educators with a network of particular finance lecturers to share knowledge and best techniques.

“When instructors are requested to be at the forefront of academic initiatives like necessary instruction in individual finance, it is critical that we also offer them applicable, realistic, and nicely-grounded know-how and pedagogies,” mentioned Ann Taylor, dean of the Higher education of Instruction. “We are thrilled to associate with our colleagues at the Federal Reserve Lender and across campus to start off what will grow to be the go-to certification application for academics and college students in private finance training.”

The cost of the plan is $522 for every credit history hour for Missouri and Illinois people. Scholarships will be readily available.

For additional info about program content, get hold of Mary Suiter at mary.c.suiter@stls.frb.org. For concerns about enrollment or scholarships, get hold of David Stofer at dastofer@umsl.edu.

Share

Quick URL: https://blogs.umsl.edu/news/?p=92334