All posts tagged "Corporatefunding"

Phoenix Services, a Radnor, Pennsylvania, company that keeps the largest U.S. steel mills running by recycling their molten slag, is in its sixth month of bankruptcy reorganization, as tons of waste pile up at its clients' plants. But why? Was Phoenix forced to seek Chapter 11 protection by inflation, Fed rate hikes, the Ukraine war and other factors beyond its control that have made familiar business arrangements unsustainable? Or did Phoenix and its financiers, led by its private-equity owner Apollo Global Management, use economic conditions as a pretext to rip up contracts and try to pass r......

MIAMI — Miami Mayor Francis Suarez would “strongly consider” a presidential run if he feels voters want a “next generation” Republican with a positive message — the most straightforward public comments yet from the 45-year-old mayor and private equity executive about whether he views himself as White House material. Speaking to journalists with online political news outlet Punchbowl News during an event Monday in Little River, Suarez acknowledged that he is considering a campaign for president. He suggested he won’t be making a decision on a White House bid soon, but he’s watching how Republic......

Venture capital funds participating in a Georgia rural jobs program say they have created or retained roughly 1,400 jobs, according to the state program's most recent annual report. The Georgia Agribusiness and Rural Jobs Act (GARJA), first passed in 2017, was created to help spur investment into Georgia's rural counties by leveraging state tax dollars. The state agreed to dole out $60 million in tax credits over several years to five venture capital firms who in turn match with $40 million of their own and invest in rural businesses throughout Georgia. The report completed this month by the G......