Arizona Creates Task Force to Address Infrastructure, Utilize Federal Funding

Arizona Governor Doug Ducey on Thursday launched a new task force to address the state’s infrastructure needs and appropriate federal funding administered to the state through the Infrastructure Investment and Jobs Act.

The legislation, which was approved on a bipartisan basis, will allocate $1.2 trillion to states to repair and upgrade critical infrastructure needs, like roads and bridges.

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Governor DeWine Bans Purchases of Russian Goods and Services, Directs Ohio Bureau of Workers’ Compensation to Divest Russian Assets

On Thursday, Ohio Governor Mike DeWine signed Executive Order 22-02D which “prohibits the State of Ohio investment or purchasing activity from aiding Russia in violating the rights of the Ukrainian people,” according to a press release by DeWine’s office.

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Gov. Northam: Virginia Should Reach Universal Broadband by 2024

Virginia Gov. Ralph Northam

Virginia is on pace to have universal broadband access throughout the commonwealth by 2024 following a record number of local and private sector applications to match state investments, Gov. Ralph Northam announced.

After the most recent application window closed, the state received 57 applications from 84 localities for about $943 million worth of state funding, which leverages about $1.15 billion worth of private and local matching funds. In total, this amounts to an investment larger than $2 billion, which the governor’s office estimates will connect more than 250,000 homes to broadband internet.

“Broadband is as critical today as electricity was in the last century,” Northam said in a statement. “Making sure more Virginians can get access to it has been a priority since I took office, and the pandemic pushed us all to move even faster. Virginia is now on track to achieve universal broadband by 2024, which means more connections, more investments, easier online learning, and expanded telehealth options, especially in rural Virginia.”

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New Georgia Report Shows Investments, Job Creation Increasing Around the State

Georgia officials have announced that economic development projects throughout the state during fiscal year 2021 have delivered record-setting jobs and investments. This, according to a press release that Georgia Gov. Brian Kemp and officials with the Georgia Department of Economic Development (GDEcD) published this week.

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Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes

"For Rent" sign in window of building

Investment firm Blackstone Group acquired 17,000 single-family rental homes on Tuesday in a deal worth $6 billion.

Blackstone, an asset management firm that focuses on alternative investments, acquired Home Partners of America (HPA) along with its 17,000 home inventory, the firm announced in a statement Tuesday. Blackstone will continue HPA’s business model of offering its tenants rent-to-own lease agreements, which allow the tenant to purchase the rental property after a certain amount of time.

“The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it,” Blackstone’s Real Estate Senior Managing Director Jacob Werner said in the statement. “We intend to build on that goal and expand access to homes across the U.S.”

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Trump Halts Federal Retirement Investments in Chinese Funds

President Donald Trump will cut the federal government’s retirement fund investments in Chinese equities, according to a Monday letter obtained by Fox Business.

The White House does not want federal employee retirement funds to have money invested in Chinese equities, national Security Adviser Robert O’Brien and National Economic Council Chair Larry Kudlow said in a letter to U.S. Labor Secretary Eugene Scalia Monday.

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