ICRC launches £21m Humanitarian Impact Bond

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Peter Maurer, the ICRC’s president, said: “This funding instrument is a radical, innovative but at the same time, logical step for the ICRC. It is an opportunity not only to modernise the existing model for humanitarian action, but to test a new economic model, designed to better support people in need.“We hope that once the pilot project is proven, it will demonstrate that non-traditional financing models can work. There is great potential for investments that are built around improving the social, environmental and economic conditions so that humanitarian action advances in impact, effectiveness and scale in ways never seen before.” Tagged with: corporate Finance social finance Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis19 ICRC launches £21m Humanitarian Impact Bond  89 total views,  1 views todaycenter_img Allia offers social impact bond to support vulnerable children (4 February 2013)Charity bond raises £27m for housing development (23 April 2015)Small charities stumped over social impact bonds (18 May 2016) Howard Lake | 8 September 2017 | News Main image: Tombouctou, 2016. Souleymane, 9 years old, is a mine victim who lost an arm in 2012. He learns how to live normally with the new prosthesis received from the ICRC in the framework of the physical rehabilitation programme. Photographer : S.N. or ICRC The International Committee of the Red Cross (ICRC) has launched a Humanitarian Impact Bond to help it finance health programmes in countries in conflict. It is seeking private capital for social investment so that it does not rely exclusively on statutory and taxpayers’ funding for its activities.ICRC claim that it is “the first investment product of its kind”. It will use the 26 million CHF (about £21 million) outcome value to build and run three new physical rehabilitation centres in Africa (Nigeria, Mali and Democratic Republic of Congo) over a five year period, providing services for thousands of people. The payment-by-results programme also includes the necessary training for the new staff as well as the testing and implementation of new efficiency initiatives.The ICRC is the world’s largest provider of physical rehabilitation services in developing and fragile countries. In 2016, the Physical Rehabilitation Programme operated 139 projects in 34 countries, helping almost 330,000 people with physiotherapy and mobility devices including wheelchairs, artificial limbs and braces.How the Humanitarian Impact Bond worksThe formal name for the Humanitarian Impact Bond is “the Program for Humanitarian Impact Investment”. In fact, it is not a “bond” but a private placement.The initial payments have been made by social investors, including New Re, part of Munich Re Group) and others identified by co-sponsor Bank Lombard Odier, an existing member of ICRC’s Corporate Support Group. These enable the ICRC to run the activities at each rehabilitation centre and thereby expand the its Physical Rehabilitation Programme.At the end of the fifth year, outcome funders – governments of Belgium, Switzerland, Italy, the UK and ”la Caixa” Foundation – will pay the ICRC according to the results achieved.These funds will in turn be used to pay back the social investors. Payment will be partial, in full or with an additional return, depending on how well the ICRC performs in terms of the efficiency of the new centres.The efficiency will be verified by independent auditors. They will compare the ratio of how many people received mobility devices per physical rehabilitation professional to existing centres.If above the benchmark, the social investor will receive its initial investment plus an annual return. If the performance of the new centres is, however, below the benchmark, then it will lose a certain amount of the initial investment.  90 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis19last_img read more

Alleged thief leads cops on epically slow car chase

first_imgiStock/Thinkstock(LOS ANGELES) —  An alleged car thief suspected of driving under the influence led police on an odd, slow-speed car chase through the surface streets of Los Angeles and the San Fernando Valley, according to ABC Los Angeles station KABC-TV.The chase began Thursday around 10:15 p.m. in Reseda and ended over an hour later in Los Angeles, KABC reported.It took four spike strips and nine different pit maneuvers for police to corral the man, according to the station.Video shows officers’ attempting to stop the slow-driving suspect as other motorists exited their cars and attempting to stop him.The driver has not been identified.Copyright © 2018, ABC Radio. All rights reserved.last_img

Time to make a contribution

first_img Comments are closed. Why should HR care about pensions? Because events of the past two years havemade it a key recruitment tool, as well as a potential problem area when itcomes to staff retention. In the first of a two-part analysis, Sarah Balloutlines why HR should be involvedThe prediction that pensions would become a huge hot potato for HR to handlewould have seemed like some kind of ridiculous send-up five years ago. Few HRprofessionals would have seriously believed that hitherto disinterestedemployees might one day threaten direct action – not merely over changes totheir own pension arrangements, but over the rights of future recruits. Butthis is precisely what happened at Prudential a few months ago when the newsthat it had closed its final salary pensions scheme – more correctly known as adirect benefit (DB) scheme, as opposed to a defined contribution (DC) or moneypurchase scheme – was splashed all over the newspapers. The press now serves up a daily diet of pension scheme closures, fundingdeficits and government reports. Like it or not, pensions have rapidly becomestaple boardroom fodder that HR professionals need to get their teeth into. Thecost implications for many employers have been so serious that for some,dividend policies and credit ratings have even been affected. But despite all the bad news in the press, which frequently peddles asimplistic ‘DB good, DC bad’ line, there are currently genuine opportunitiesfor HR professionals to come up with tailored solutions which match the overallreward strategy of their particular organisations. Publishing company Emap, for instance, has just raised the employercontribution level of its DC scheme for employees with five or more years’service, bucking the perceived trend of pension benefits reduction. RalphTurner, head of group reward, says: “In the media industry it’s hard tocompete over pay, but I convinced the board that pensions was an area whereEmap could differentiate itself. The cost of recruitment is a real issue, andthis new move particularly rewards those who are here for the long haul.” Boardrooms have begun to feel the heat over pensions because the cost ofdefined benefit schemes has risen rapidly, principally because pensioners areliving longer. Furthermore, as inflation has reduced, expected futureinvestment returns have fallen. Schemes that had surpluses until relativelyrecently now have deficits due to falls in the stock markets. Governmentlegislation in response to various pensions scandals has saddled schemes withever-higher guarantees to their members, so there is no flexibility when timesget tough. And they certainly are at the moment. The new accounting standard for pensions – FRS17 – can have a dramaticimpact on the appearance of the bottom-lineprofits of the sponsoring company,and this may be the catalyst that prompts your financial director to close thescheme to new members. Tim Keogh, a European Partner at Mercer HR Consulting, says: “Thiswon’t solve your financial director’s real problem because you are stuck withthe liabilities you have got.” And Colin Singer, a senior consultant at Watson Wyatt, adds: “This iswhere HR needs to step in to make sure the board knows there are a range ofoptions in addition to DC, such as CARE (career average revalued benefits)schemes or DB/DC hybrids, and that it considers which will best fit youroverall reward strategy.” The Nationwide building society opted for a CARE scheme two years ago andemployees can choose to top up their pension inside a flexible benefits plan.Retail giant Tesco also chose a CARE scheme when it extended its pensionprovision to its part-time employees. Tesco’s HR director Clare Chapman says:”Our staff tell us they want flexible work arrangements and a pension thatmatches this lifestyle. We designed ‘Pension Builder’ around their needs.”Consulting with staff over pension changes, although not yet a legalrequirement, can avoid bruising battles in the press and improve your return oninvestment through greater employee appreciation of the benefits offered. Someemployers, such as aerospace giant BAE and energy company Centrica, havemanaged to keep their DB schemes open through employees agreeing to increasecontributions. Some unions have begun to factor pensions into pay bargaining. RobMacGregor, the national secretary at finance sector union Unifi who works withthe Royal Bank of Scotland, says: “It is our responsibility to remindstaff of how valuable their DB pension is. In the past it had been taken forgranted.” This sensitivity worked the other way for Lloyds TSB, which Unifi criticisedin the press last month when it discovered that the new chief executive, EricDaniels, would be in a DB scheme despite joining the bank in 2001 – four yearsafter the scheme was withdrawn for new staff. A spokeswoman at Lloyds TSB says the bank offers a final salary option atthis level to attract the high calibre of staff it needs. “Some[directors] do negotiate a package that the remuneration committee must agreeon… we have to continue to look attractive in terms of benefits to attractpeople of such calibre,” she adds. Although many employers have voluntary consultations with their staff overpension scheme changes, whether they should legally be obliged to do so is oneof the proposals in the recent Department of Work and Pensions Green PaperSimplicity, Security and Choice. Next week we look at the implications of this issue for HR, along with theGreen Paper by the Treasury and the Inland Revenue, ‘Simplifying the taxationof pensions: increasing choice and flexibility for all’. Types of pension scheme designDefined benefit (DB) or finalsalary schemesTraditionally considered the Rolls-Royce of schemes, these arestill the main type provided by large UK employers. They are typically relatedto the employee’s final salary at retirement. The employer promises theemployee a certain proportion of salary at retirement and takes on the risk andcost of providing it. Contributions from both employer and employees are putinto a fund entirely separate from the employer, and managed by trustees. Theamount of pension paid depends on:– The number of years served as a member – Final salary at retirement – The ‘accrual rate’ (often a 1/60th of final pay for each yearof service). So if the employee does 40 years of service they might get40/60ths (or 2/3rds) of final pay, the maximum currently allowed. Employees themselves normally pay contributions to meet part ofthe cost – 5 per cent of pay being typical. Many employers are currently having to put extra into their DBschemes to plug deficits (and sometimes are seeking extra from employees too). Career average revalued earnings(Care) These schemes are another form of DB scheme, but are based onaverage salary (adjusted for inflation) over the whole career, rather than onfinal salary at retirement. The employer still takes on the risk and cost inthe same way as for final salary schemes. CARE schemes are normally slightlyless generous and less costly than final salary ones. Defined contribution (DC)or moneypurchase schemesDC schemes are the fastest growing type of company scheme inthe UK (and elsewhere). The amount of pension the employee eventually getsdepends on: – The amount of money paid in by them and their employer – How well the chosen investment funds perform – The ‘annuity rate’ at the date of retirement. The annuityturns the pot of money into an annual pension for life and at presentconversion rates are very poor. The company can set up its DC scheme under a separate trust,managed by trustees (as for DB schemes), or can pay into a contract with aninsurance company (see Personal and Stakeholder Pensions below). Unions often prefer the trust route because it is a‘collective’ institution, like the unions themselves, and they can sometimesexert more influence over how trusts are run (by a rep being elected onto thetrustee board). Hybrid schemes These combine DB and DC in a variety of ways – for example, aDB scheme might guarantee some modest level of final pay, but pays out thevalue of an underlying DC pot if greater.Stakeholder Under stakeholder legislation the saver is guaranteed 1 percent maximum charges by the provider. These special DC schemes came in during2001, and in broad terms employers who did not then have an occupational schemehad to designate a stakeholder provider for their employees. The specific legislation around this was highly complex, butthe Government’s aim (which has not really been achieved as yet) is to increaseprivate pension provision for below-average earners. Stakeholder contributions from both employers and employees areentirely voluntary, despite union pressure for employer ones to be compulsory. Personal pensionsNot usually used by employers for their own schemes, these areindividual insurance contracts, and are more or less the same as stakeholderschemes, but without the cap on the insurer’s charges. Group personal pensionsThis is the version of personal pensions (see above) used bysome employers. The provider bundles the individual personal pensions together(on enhanced terms normally), and presents them as an employer scheme usingpayroll deduction and worksite marketing. Stakeholder pensions run by employersare also normally grouped in a similar way. Pensions – How HR can contributeThe cost of defined benefit (DB)pension schemes is rising fast, and your financial director and chief executiveare probably already exploring the options to contain cost and risk.Make sure they both factor employee relations issues into theirdecisions and alert them to the range of pension schemes.Take a close look at your pension and retirement policy to seeif it fits with your business and reward strategy, and whether it aids therecruitment and retention of employees. Staff are often confused and worried about pensions. Any helpand education you can give them will help them to understand and really valuewhat you provide. They need to feel good about what you are spending onpensions, not confused and apathetic. Pensions need to be viewed as a part of your wider rewardstrategy. This means you need to display leadership and ensure consistency overintegrated HR solutions. Because of the interdependency of these activities,you need to make sure your internal reward, pension and payroll specialistswork together under your guidance within a clear set of guidelines andobjectives. Previous Article Next Article Time to make a contributionOn 3 Jun 2003 in Personnel Today Related posts:No related photos.last_img read more

Wellington holds annual Pinewood Derby at Methodist Church Saturday

first_imgCubmaster Floyd Kaburek officially begins the races.by Amber Schmitz, Sumner Newscow — As the first Pinewood Derby race began at the First United Methodist Church in Wellington Saturday, participants placed their homemade wooden cars on the track, with the anticipation of winning. As each winner reached the finish line, applause arose from the audience.Participants included Cub Scouts, Girl Scouts and an Outlaw Division for both non-Scouts and adults.The Pinewood Derby is an annual Scouting racing event. With the assistance of parents or guardians, Cub and Girl Scouts build cars from a kit containing a block of pine wood, plastic wheels and metal axles.Outlaw and Overall Winner Evelyn EwingEvelyn Ewing was the winner of the Outlaw Division, and second time Overall Winner.This year siblings Lilly Morningstar-Moralez, and Joseph Morningstar-Moralez, both won second place for Girl Scouts and Cub Scouts, which is something that doesn’t happen often.The girl scout winners are pictured above with their parents.Girl Scout winners were:First – Americus Pourner;Second – Lilly Morningstar-Moralez;Third – Brittain Pourner.Girls Choice winner was Karlee Dolezal.The girls choice award went to Karlee Dolezal.Cub scout winners are pictured with their parents.Cub Scout winners were:First – Colten Ferguson;Second – Joseph Morningstar-Moralez;Third – Rian Rashks.Boys Choice winner announced at the Pinewood Car Derby.Boys Choice winners were:First – Kaden Dolezal;Second – Lakin Dry;Third – Joshua Adams.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Concerned Citizen · 237 weeks ago Wonderful job kids! Report Reply 0 replies · active 237 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Giroud strikes late to rescue Arsenal

first_imgSouthampton, United Kingdom | AFP | Olivier Giroud’s last-gasp header salvaged a point for Arsenal in a 1-1 draw at Southampton on Sunday as Arsene Wenger’s side avoided a second successive Premier League defeat.Wenger’s team appeared destined to follow last weekend’s home loss to Manchester United with another setback when they trailed to Charlie Austin’s third minute goal. A poor clearance from Mertesacker conceded possession deep inside his own half and then slipped as he attempted to make up for his mistake, allowing Dusan Tadic the time and space to pick out Austin’s run into the box where the striker finished from 12 yards out.It was the perfect start for the home side and they should have been two up inside five minutes when Tadic and Austin again combined to open up the unconvincing Gunners back line.This time Tadic delivered a through ball from near the halfway line, sending Austin into space with a clear run on goal, but the forward placed his shot too close to keeper Petr Cech who was given the chance to save. – Vulnerable –Arsenal looked vulnerable to every early Southampton attack and the satisfaction that followed Thursday’s 6-0 Europa League defeat of BATE Borisov was quickly forgotten.Theo Walcott and Jack Wilshere had both impressed in that win but Wenger adjudged that neither had done enough to force their way into his starting line-up.Wilshere, in particular, had cause to feel hard done to with Granit Xhaka making little impression in the central midfield areas as Arsenal fought to get back on level terms.In fact, most of the visitors’ first half opportunities came on the break, most threateningly when Alexis Sanchez controlled a Southampton corner inside his own area and led a sweeping move that was halted by Pierre-Emille Hojbjerg’s saving tackle as Alexandre Lacazette prepared to shoot.And when Aaron Ramsey did fire off a shot towards Forster’s goal – a first time effort from Sanchez’s 32nd minute cross – the Southampton keeper reacted superbly to dive low to his left after push the ball beyond the post.Arsenal pressed forward with more purpose after the restart, dominating possession, yet unable to penetrate a home defence that was demonstrating far more resilience than the Gunners’ own back line.Arsenal’s attempts to force an equaliser left them even more exposed at the back.Oriel Romeu almost found a way past Cech when his 20-yard drive struck the bar before a routine ball over the Arsenal defence led to Tadic setting up another good opportunity, this time for Ryan Bertrand.Arsenal seemed to have run out of ideas until Giroud found space between the Saints defenders and headed home from Sanchez’s cross.Share on: WhatsApp Per Mertesacker had been restored to the line-up in place of the injured Shkodran Mustafi.But the Germany international was left red-faced just two minutes into his return as he gifted Southampton the goal that allowed Pellegrino’s side to control the first half. But France striker Giroud conjured a response with two minutes left when he directed Alexis Sanchez’s cross past Fraser Forster shortly after appearing as a substitute.A single point, though, denied Arsenal the chance to climb into the top four.“It was a difficult game and I felt that we paid a heavy price for a slow start. We kept going. It was a game of high intensity,” Wenger said.“In the second half it was all us but they defended well. We played with many strikers. Overall, I think the spirit was great. We were relentless to the end.”Southampton can consider themselves unfortunate to have seen Austin’s fourth goal in three starts cancelled out late on, but Mauricio Pellegrino’s side have won just one of their last seven games.After seeing his side ship two early goals in the United defeat, Wenger had demanded concentration from the startUnfortunately for Wenger, it appears his words went unheeded.last_img read more

Iowa State Edges Women’s Basketball, 86-81

first_img HTML Box Score Photo Gallery PDF Box Score Drake (8-3) had three players score 20 or more points for the first time this season. Sara Rhine (Eldon, Mo.) led the offense with 22 points on 8-of-13 shooting and just missed her fifth double-double with nine rebounds. Maddy Dean (Jordan, Minn.) matched a career-high with five three-pointers and had 21 points. Becca Hittner (Urbandale, Iowa) was the other Bulldog as she finished with 20 points. Preview Buy Tickets Live Stats 1350 ESPN Des Moines MC22/ESPN+ Minutes out of the break, Hittner evened the game at 44-all with her second three-pointer. But the Cyclones answered with a 9-2 run as the Bulldogs called timeout with 6:15 to go in the third. Drake trailed 66-59 at the end of the third quarter. Drake pulled to within four points after Sammie Bachrodt’s (Wichita, Kan.) layup with 6:41 to go. Iowa State replied with five straight points as Drake called timeout before its 11-0 tying run. Later in the second quarter, Drake led 39-33 after Hittner’s three-point play. However, Iowa State closed the half on an 11-2 run as Hittner was the only Bulldog to score during that span. Carleton beat the halftime buzzer off an offensive rebound as Iowa State led 44-41 at the break. In the first two quarters, Dean and Hittner each had 12 points while Rhine finished with 10. Next Game: Full Schedule Roster AMES, Iowa – The Drake University women’s basketball team dropped a hard-fought in-state game at Iowa State 86-81 Sunday afternoon inside Hilton Coliseum. Following Sunday’s game, Drake hosts No. 16 Iowa Friday, Dec. 21 at the Knapp Center in its final non-conference action. Tipoff for the “White Out” game hosted by Bankers Trust is scheduled for 6 p.m. and the in-state contest will be shown on ESPN+/Mediacom MC22. Print Friendly Version At the start of the game, the Bulldogs matched their season-high of seven three-pointers in a quarter in the first period. Led by Dean’s four they led 27-19 after one quarter.   Iowa 12/21/2018 – 6 p.m. The in-state series is now in Iowa State’s favor at 30-28, as the home team has won each of the last four meetings. The Bulldogs didn’t give up as they mounted a massive rally attempt, started by Dean’s three-pointer at the 3:37 mark. Her three-pointer were the first points in an 11-0 run that included five points from Dean and six from Rhine that tied the game at 79-all with 1:24 remaining in the game. Meredith Burkhall broke the tie with a layup off an assist from Carleton. Story Links However, Hittner was called for an offensive foul on the next possession and Carleton barely beat the shot clock with a short jumper to stretch ISU’s lead to 84-79 with 21 seconds left. After another offensive foul, this time on Rhine, Drake fouled to try and extend the game. But the Cyclones made three free throws in the final seconds to preserve the in-state win. Iowa State (8-2) was paced by Bridget Carleton, who scored a game-high 31 points. Carleton’s jumper with 5:04 left in the game put the Cyclones up 11, their largest lead, of the game. Watch Livelast_img read more

Nelson Mandela Bridge goes pink

first_imgAlong with other global landmarks, Nelson Mandela Bridge in Johannesburg will be illuminated in pink for the month of October to raise awareness of breast cancer.For the fourth year running, the City of Johannesburg has partnered with international cosmetics company Estée Lauder to highlight breast health and early detection of the disease.October is Breast Cancer Awareness Month.Nelson Mandela Bridge PINK ILLUMINATION in support of breast cancer awareness drive. #breastcancerawareness ^LM pic.twitter.com/3AbFhVgnsd— City of Joburg (@CityofJoburgZA) September 21, 2016“The lighting of the Nelson Mandela Bridge will serve as a reminder that the earlier breast cancer is detected and diagnosed, the better are one’s chances of beating it,” said Dr Mpho Phalatse, the member of the mayoral committee for health and social development.South Africa was ranked 50th on the World Cancer Research Fund list of countries with the highest cancer prevalence rates, the city said.“Breast cancer now represents one in four of all cancers in women and is the most prominent cancer in women worldwide, increasing particularly in developing countries, where the majority of cases are diagnosed in late stages,” said Estée Lauder SA general manager Loren Dreyer.She said calling attention to breast cancer “serves to create a dialogue around taking a conscious interest in one’s health”.Watch:Source: City of JohannesburgWould you like to use this article in your publication or on your website? See Using SouthAfrica.info materiallast_img read more

Minnesota Gears Up for Weatherization Onslaught

first_imgIt is show time for the Minnesota Department of Commerce.As one of the state’s primary regulators and program administrators, the department will be responsible for managing Minnesota’s $132 allotment of Recovery Act funds for weatherization. And like similar agencies in almost every other state in the union, it must make sure the funds are spent not only prudently but quickly.Minnesota’s allotment for the next 18 to 24 months is 13 times what the state usually receives for weatherization, a recent Minneapolis Star Tribune story pointed out. This first installment is due to arrive in early July, and if all goes as hoped, Minnesota will join a wave of weatherization activity that the Obama administration rightly predicts will be the biggest in history.For states to qualify for the remainder of the funding award, however, they must “demonstrate successful implementation of their plan,” as the U.S. Department of Energy puts it, which includes spending the first allotment within the 24-month period. “When you get this much money in such a short amount of time, that’s our concern,” a Minnesota Department of Commerce spokesman, Bill Walsh, told the paper.The state’s Office of Legislative Auditor will conduct annual audits of the program. For evidence of what program-management techniques are (and aren’t) working elsewhere, meanwhile, North Star State officials likely won’t have to look far.Slices of a big pieLast week, for example, the U.S. Department of Energy announced that 40% of weatherization funds have been released for each of 15 states, including initial allotments for California ($74.32 million of a potential $185 million), which aims to energy-audit and weatherize 50,000 homes; Delaware ($5.5 million of $13 million), which is aiming for a 20% reduction in energy bills; Florida ($70.4 million of $175 million), which aims to weatherize 19,000 homes over the next three years; Maryland ($24.5 million of $61 million), which will weatherize 6,900 homes over three years; Nevada ($14.9 million of $37 million), which is targeting its weatherization program at more than 5,500 low-income homes; North Carolina ($52.7 million of $131 million), which will apply weatherization upgrades to more than 23,500 homes; Ohio ($106.7 million of $226 million), which aims to weatherize 32,000 homes and is working with 35 groups in the state to develop ongoing weatherization services; and South Carolina ($23.5 million of $58 million), which aims to service a total of 6,500 homes, 75% of them within two years.Initial funding allotments also went out last week to the District of Columbia ($3.23 million), Montana ($10.6 million), Nebraska ($16.65 million), North Dakota ($10.1 million), South Dakota ($9.79 million), Utah ($15.15 million), and West Virginia ($15 million).As much as 20% of each weatherization award can be spent on hiring and training workers, according to Recovery Act guidelines. In Minnesota, that could mean the creation of almost 1,000 jobs statewide.“One job [person employed] for every $92,000,” Department of Commerce spokesman Walsh told the Star Tribune. “That’s the target we’re planning to reach and what the feds are holding us accountable for.”last_img read more