Category Archives: Resource Based Economy

It might be dismaying, if not shocking, to learn that humanitys demand for natural resources far exceeds what the planet is capable of regenerating. Americans currently consume the equivalent of around 1.7 earths every year. With global demand increasing, it is expected by 2050 that we will need the equivalent of 3 earths. Current resource consumption rates are obviously unsustainable, and if we continue on this current trajectory, well inevitably deplete all of the planets resources.

As the global population continues to grow and the demand for goods increases in-kind, theres mounting pressure on companies to produce more, and more quickly, in order to stay relevant. To meet this fevered demand, humanity has relied on linear takemakewaste supply chains and disposable-economy models. Products get thrown away and become landfill. Yet more are produced to meet an ever-growing need.

Electronic equipment waste, in particular, represents one of the most glaring threats to the planets long-term stability. The United Nations estimates that the current 53 million tons of e-waste generated every year will double by 2050, making it the worlds fastest-growing waste stream. Likewise, global plastics production currently totals over 360 million metric tons per year. Nearly 50% of those are single-use plastics--theyre produced, used once and thrown away. The cumulative total of plastics produced is now over 8 billion tons worldwide, with around 10 million of those tons ending up in oceans each year.

Its time for the disposable take-make-waste economy that humanity created to change. To slow down the wanton consumption of earths natural resources, stop plastic pollution and raw materials waste, we need a circular economy that works for everyone. The good news is, steps are being taken toward just such a model.

Manufacturers need to reduce the consumption of natural resources by recycling raw materials from end-of-use products and reconditioning or repurposing their components for use in new products. By using digital and Internet of Things (IoT) technology, for example, manufacturers can empower consumers and employees to monitor the usage, performance and overall integrity of factory or household equipment. Sensor technology can help predict problems and equipment failures, facilitate proactive maintenance and ensure equipment remains viable at critical junctures. Products will need to be designed with both end-of-use and remanufacture in mind. This requires designing in-processes for disassembly to reclaim raw materials and components that can be reconditioned, reused or remanufactured.

When products are no longer viable, artificial intelligence (AI) and robotics technology can salvage useful remnants from those products. By using digital technology, manufacturers can assess returned products and materials for refurbishment, re-manufacture or resale at a relatively low cost, and by keeping the same materials in circulation longer, theyll constrain the rate of natural resource consumption.

Click here to hear to more about the circular economy:

Manufacturers need to increase the probability of recovering end-of-use products in order to reuse components or reclaim raw materials for new products. To that end, they can offer direct-to-consumer, subscription-based product-as-a-service mechanisms that use sensor technology to monitor product consumption and usage up until end-of-use. The manufacturer can then provide the consumer with an automated direct replacement of the product while collecting any vessels, cartridges or containers for reincorporation in the manufacturing process. In this scenario, the manufacturers reduced consumption dovetails with them gaining better insight into the consumer's product experience by understanding the frequency of use in demand/replacement cycles.

Removing intermediaries in the supply chain can also provide greater value to the customer. Getting rid of the middleman costs less and ensures new products arrive directly at your door when you need them.

Industrial symbiosis is the process by which waste or byproducts from one company or industry become the raw materials for another. The waste or byproduct can either be donated or sold to another company allowing the resources to then be monetized and reused. Moving materials and resources between different companies and industries is key not just to creating a circular economy, but also to ensure the best possible use of natural resources.

All of the above scenarios can reduce natural resource consumption, increase raw material productivity and lifecycles and reduce manufacturing costs. Whether it's via extending the life of mechanical and electronic appliances through remote performance monitoring, providing products direct-to-consumer with a system for reclaiming unwanted containers and cartridges or improving the speed of disassembly and raw material reclamation for re-use, digital technology plays a pivotal role in making that reality.

The provenance and flow of components, products and materials through supply chains to their end-of-use needs to be transparent. Unique identifier technologies such as cryptographic anchors, molecular DNA tags or RFID tags can be applied to the surface of a component or product or embedded into raw materials to gather data on how wasteful a given supply chain is. Using these unique identifiers in conjunction with blockchain not only authenticates the provenance and origin of components and materials, but it also provides location-based information for tracking and tracing product conditions.

Leading organizations are now focusing their efforts on using technologies to enable the transition to a circular economic model. Technologies such as IoT, predictive and prescriptive analytics, 3D printing, AI and machine learning, blockchain and digital twins all have an essential role to play in this transition.

To further encourage the paradigm shift toward a circular economy necessitates a change in how we think about product acquisition. The motor industry offers drivers the opportunity to lease their cars with the option to buy after some certain period of time has passed. This product-as-a-service (PaaS) leasing model is now being adopted by other manufacturers. Instead of purchasing a washing machine, you can lease one. A consumer can enter into a contract with the manufacturer based on an agreed number of individual washing cycles or time and be billed monthly. At the end of the contract, the manufacturer collects the machine and replaces it with a new one and a new leasing contract, or just takes the machine away for the consumer to consider other competitive leasing options. Either way, the machine is back in the hands of the manufacturer, who can now refurbish the machine for reuse.

During the consumers use of the machine, the manufacturer can not only monitor its usage, but also its integrity. Using IoT sensors and predictive analytics, the manufacturer can keep an eye on the health of the machine and recommend that the user proactively replace a given component before it breaks.

There are many examples of where PaaS and leasing models are becoming more commonplace by using digital technology to enable provision, service and financial arrangements. This is just one area where industry is evolving to meet the moment, but an important one, and illustrates how radically manufacturers can rethink their business models, if they are so motivated. Moving to a more sustainable, less wasteful business model doesnt have to mean a net loss for companies. If anything, the available examples seem to suggest that such transitions will open up unforeseen opportunities for new revenue streams and technological innovation. Far from being a zero-sum proposition, the conservation of raw materials and resources, it seems, can be of benefit to both consumers and manufacturers.

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Building a Circular Economy for the Next-Generation Supply Chain - Supply and Demand Chain Executive

NEW YORK--(BUSINESS WIRE)--UiPath (NYSE: PATH), a leading enterprise automation software company, today announced new research from IDC that examines the contributions of UiPath robotic process automation (RPA) to the global economy. The UiPath-commissioned IDC Thought Leadership White Paper, The Economic Impact of UiPath Robotic Process Automation, states that the economic benefits expected by the use of RPA software by UiPath customers will grow at a blistering pace, from $7 billion worldwide in 2021 to $55 billion in 2025.* Part of this growth is due to the net-new jobs UiPath is creating; IDC forecasts that by 2025, 73 million new jobs will be created from the use of UiPath RPA.

Only 7% of digitally enabled task workers have been impacted by the use of RPA. At this study's projected rate of adoption, task workers impacted will grow at a compound annual growth rate of 70% from 2020-2025, accounting for 10% of task workers impacted. RPA is not even to the knee of the curve of adoption, said report co-author Maureen Fleming, IDCs program vice president of intelligent process automation research. Results of the study show that RPA is touching millions of dollars of global business revenue, creating thousands of jobs, and opening billions of dollars in opportunities to ecosystem partners.

The study also found that:

Automation is a Net-Job Creator

As with any new technology, automation can cause fear in an organization. Will software robots take jobs? Will automation increase unemployment? What does the future hold? While RPA automates manual work, economic growth driven by emerging markets creates new jobs.

IDC estimates that two jobs are gained for every job lost to RPA, and based on how RPA advances, the ratio could change over time to four jobs gained for every job lost.

Automation Paves Pathways to Help Unlock Career Opportunities

As companies continue to prioritize digital transformation efforts, they are increasingly upskilling their employees on RPA to unlock the productivity and innovation potential afforded by automation.

According to the report, of the UiPath survey respondents:

68% of upskilled workers had higher salaries than before

57% of upskilled workers had higher roles in their enterprises than before

50% of new labor added as a result of RPA came from new hires, and 50% from upskilled workers

Automation unlocks workers productivity, and, more importantly, frees them to focus on meaningful work that is creative, collaborative, and strategic, said Tom Clancy, UiPath senior vice president of learning. Like previous new technologies, RPA and AI will create new job opportunities. They already are. And thats why its critical that companies provide training for and access to automation and other digital technologies to create more fulfilled and energized employees.

UiPath Partner Ecosystem Drives Worldwide Acceleration of Growth

The benefits of UiPath RPA are not only delivered by UiPath but by its ecosystem of more than 4,700 partners that offer additional products and services to foster skills development and support customer deployments. This RPA support can be as basic as network connections or cloud storage or as complex as strategic business consulting, human resource organizational assessments, or support for setting up RPA centers of excellence.

IDC predicts that the use of UiPath and its partner ecosystem will generate $5 billion this year and $16.4 billion by the end of 2025. IDC also estimates that UiPath and its partner ecosystem will employ more than 40,000 by the end of 2025 and generate $52.1 billion in revenue opportunity between 2021 and 2025.

The UiPath partner ecosystem extends the power of our leading automation platform to companies of all sizes, across industries, and helps make customer success possible, said Thomas Hansen, UiPath chief revenue officer. As UiPath grows, so do our partners and we are committed to providing our expanding partner ecosystem with the tools and support needed to empower all workers to be successful in the jobs of the future.

Download a complimentary copy of IDC Thought Leadership White Paper, The Economic Impact of UiPath Robotic Process Automation, here.

*IDC Thought Leadership White Paper, sponsored by UiPath, The Economic Impact of UiPath Robotic Process Automation, Doc. #US47905721, September 2021

About UiPath

UiPath has a vision to deliver the Fully Automated Enterprise, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

Read more:

CORRECTING and REPLACING New Research Finds Economic Benefits of UiPath Adoption Will Grow to $55 Billion a Year by 2025 - Business Wire

The future of global energy can be reduced to two bits in a recent report: Solar power will represent about half of Indias electric power by 2050, and by then sales of liquid fuel will be higher than they are now.

Those items appeared in the recently released International Energy Outlook from the US Energy Information Administration (EIA) which describes a transition that ends with a mix in which oil and gas continue to play a large role.

While the growth curve for renewables is steep, the report noted that oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian countries.

Adding a lot more renewable power and less coal to the mix will significantly lower the emissions associated with an expected 50% increase in energy demand.

The expected gains, ranging from 5 to 35% depending on the growth rate in those countries, is far from the net-zero emissions goal set to limit global temperature increases and the damaging climate changes associated with that trend.

Different Approaches

The outlook from the Washington, DC-based EIA is a stark contrast to reports from the International Energy Agency (IEA) in Paris that have used modeling to show the extreme changes needed to reach the goal of net-zero emissions by 2050, including sharp, swift, cuts in the exploration and production of hydrocarbons.

The EIA approach looks different because its modeling is based only on the policies and data that currently define energy use.

In different ways, the reports reveal the extreme challenges facing negotiators at the COP26 talks looking for ways to eliminate carbon emissions while meeting the energy needs of a world where the population is expected to grow by 2 billion by 2050.

There is something the EIA and IEA have in commontheyre both based in capitals far from the countries whose rapid growth make them the worlds big energy consumers of the future.

Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian countries, wrote EIA.

India is at the top of the list of countries where a vast, fast-growing population is working to move up the economic ladder. That will require rapid energy growth fueled by rising energy consumption, as in other rising Asian countries such as Indonesia, Vietnam, and China, whose future growth is expected to be slower.

They are outside the group of countries whose membership is used as proxy for the developed economiesthe Organization for Economic Cooperation and Development (OECD).

Emissions and energy use are expected to be relatively flat in these affluent countries where heavy industry has long been in decline. Energy consumption in the non-OECD countries is evidence of how it has shifted. These countries are using more than 50% more energy now, and they are expected to use twice as much in 2050.

Source: US Energy Information Administration.

There is a small dent in the top of the charts showing the demand dip due to COVID-19 last year, which is fading as economic life returns to something resembling normal.

This year is also the first where the demand for transport fuel is greater in non-OECD countries, and that is expected to remain true.

Fuel use for vehicles in the OECD is not expected to return to 2019 levels because of slow growth and regulations designed to maximize fuel economy.

In contrast, energy consumption in non-OECD countries will nearly double from 2020 to 2050, said Angelina LaRose, EIA assistant administrator for energy analysis, during an online briefing presented by the Center for Strategic and International Studies.

Based on those projections, emissions will rise by 35% in non-OECD countries, and only 5% in those in the OECD, based on current policies.

Source: US Energy Information Administration.

Growth Opportunities

The non-OECD countries are the key consumers for both oil and gas producers and renewable-power developers.

Oil and gas demand will rise to fill the needs of the growing transport and industrial sectors in rapidly growing countries.

Those economies explain why even the slowest growth projection from the EIA shows greater oil demand. It ranges from a 20% increase in 2050 under its baseline projection to a 50% rise in a fast-growth scenario.

Oil- and gas-rich countries in the Middle East, Russia, US, Australia, and others will benefit.

Since most of the non-OECD countries lack oil and gas resources, We see growth in the natural gas trade all through this model, said Mindi Farber de Anda, EIAs petroleum and natural gas modeling team lead.

Their hunger for more energy will make these the fastest-growth markets for wind, solar, and batteries.

By 2050, 90% of the incremental power in the non-OECD regions will be renewables. The renewables growth there will be twice that of the OECD countries where power demand will grow less, LaRose said.

More wind and solar power will create demand for backup power. In India, the EIA estimated 330 GW of battery backup power will be built to store solar power for delivery when the solar energy generated falls short..

Gas will also be in demand to power generators when renewables are offline.

These are often the least-cost resource to meet reliability needs and provide energy when solar and wind are not available, said Stephen Nalley, acting administrator of the EIA.

Steady improvements in solar and wind technology have made them increasingly efficient. But the big advantage of renewables over new fossil-fuel electric-generating plants is that after the plant is built, the source of the energy is free.

For that reason, renewables will be the choice when adding power. But older plants burning coal or gas will remain in operation because the power is needed, and the cost is affordable.

The capital investment in coal and gas was made many years ago, so the cost of the power is based on paying for the fuel to run the plant, said Chris Namovicz, EIAs electricity, coal, and renewables modeling team lead.

For that reason, coal demand is likely to will remain a significant part of the energy mix through 2050.

Subject to Change

Every prediction above comes with a qualification: It is based on current laws, regulations, and economic trends.

The EIAs view of the future changes as those factors change. Nalley emphasized these projections, not forecasts. So, as things change, the outlook will as well.

EIA predicts electric vehicles will make up 31% of the cars and light trucks on the road in 2050. That could go up if carmakers deliver on promises to build lower-priced electric cars that grab a larger market share.

Or if government policies push more people to go electric. If this occurs, the EIA will follow when that change looks certain.

In the US, if Congress passes a law, we will model it. If the president says it off the top of his head at a news conference, not so much, Namovicz said.

See more here:

EIA Sees Oil Demand Growing Until 2050, Based on the Way the World Is Now - Journal of Petroleum Technology

Did you know that Latinos are starting businesses at a faster rate than the national average, growing 34 percent over the last 10 years? In 2018, the U.S. Small Business Administration reported that Latino entrepreneurs contributed more than $62.5 billion to the U.S. economy. With nearly 60 million Latinos living in the United States, it seems clear that the economic impact of the Latino community is significant.

Through Citizen Verizon, our plan for economic, environmental and social advancement, Verizon is committed to helping one million small businesses connect to resources to help them thrive in the digital economy by 2030. One way we are doing this is through the Verizon Small Business Recovery Fund, a partnership with the LISC (Local Initiatives Support Corporation) to provide grants of up to $10,000 to small businesses, particularly in historically underserved communities. LISC acts as a conduit between the resource providers and those who need the support. To date, this partnership has supported 777 small businesses with nearly $7.5 million invested, helping a diverse population of businesses see the growth potential in our communities.

One great example of a Verizon-LISC grantee that has gone on to do great things is Tozuda, a small business based out of Philadelphia. Its founder and CEO, Jessie Garcia, was once a student-athlete who sustained multiple concussions that impacted her athletic career. Now an engineer, Garcia used her experience and knowledge to design a device that can be attached to helmets to help visually indicate if trauma received by an athlete might cause a concussion. The indicator, which is relatively small and inexpensive to produce, measures how much force an athlete sustains when hit.

In a recent CNBC interview, Jessie gives her family credit for her entrepreneurial spirit, noting that as the daughter of Cuban immigrants, they instilled the belief in me that America was a place where anything is possible, and that building a business is the best way to provide stability for your family and community. Innovative ideas like this are incredibly impactful to our community and exactly why Verizon supports small businesses.

As we continue to celebrate Hispanic Heritage Month, we encourage you to connect with local small businesses in your community and support those making a positive impact in our culture. If you know someone who owns or is starting a business, be sure to share our free online resources from the Verizon Small Business Digital Ready program today.

V Team, go to VZWeb to join the conversation

See the original post here:

Verizon supports small businesses in big ways. - Verizon News

NEW YORK--(BUSINESS WIRE)--First paragraph, last sentence of the release dated October 6, 2021 should read: Part of this growth is due to the net-new jobs UiPath is creating; IDC forecasts that by 2025, 73,000 net-new jobs will be created from the use of UiPath RPA. (instead of: Part of this growth is due to the net-new jobs UiPath is creating; IDC forecasts that by 2025, 73 million new jobs will be created from the use of UiPath RPA.)

The updated release reads:

NEW RESEARCH FINDS ECONOMIC BENEFITS OF UIPATH ADOPTION WILL GROW TO $55 BILLION A YEAR BY 2025

Predicts ecosystem revenue opportunity to more than triple to $51.2 billion by 2025

UiPath (NYSE: PATH), a leading enterprise automation software company, today announced new research from IDC that examines the contributions of UiPath robotic process automation (RPA) to the global economy. The UiPath-commissioned IDC Thought Leadership White Paper, The Economic Impact of UiPath Robotic Process Automation, states that the economic benefits expected by the use of RPA software by UiPath customers will grow at a blistering pace, from $7 billion worldwide in 2021 to $55 billion in 2025.* Part of this growth is due to the net-new jobs UiPath is creating; IDC forecasts that by 2025, 73,000 net-new jobs will be created from the use of UiPath RPA.

Only 7% of digitally enabled task workers have been impacted by the use of RPA. At this study's projected rate of adoption, task workers impacted will grow at a compound annual growth rate of 70% from 2020-2025, accounting for 10% of task workers impacted. RPA is not even to the knee of the curve of adoption, said report co-author Maureen Fleming, IDCs program vice president of intelligent process automation research. Results of the study show that RPA is touching millions of dollars of global business revenue, creating thousands of jobs, and opening billions of dollars in opportunities to ecosystem partners.

The study also found that:

Automation is a Net-Job Creator

As with any new technology, automation can cause fear in an organization. Will software robots take jobs? Will automation increase unemployment? What does the future hold? While RPA automates manual work, economic growth driven by emerging markets creates new jobs.

IDC estimates that two jobs are gained for every job lost to RPA, and based on how RPA advances, the ratio could change over time to four jobs gained for every job lost.

Automation Paves Pathways to Help Unlock Career Opportunities

As companies continue to prioritize digital transformation efforts, they are increasingly upskilling their employees on RPA to unlock the productivity and innovation potential afforded by automation.

According to the report, of the UiPath survey respondents:

68% of upskilled workers had higher salaries than before

57% of upskilled workers had higher roles in their enterprises than before

50% of new labor added as a result of RPA came from new hires, and 50% from upskilled workers

Automation unlocks workers productivity, and, more importantly, frees them to focus on meaningful work that is creative, collaborative, and strategic, said Tom Clancy, UiPath senior vice president of learning. Like previous new technologies, RPA and AI will create new job opportunities. They already are. And thats why its critical that companies provide training for and access to automation and other digital technologies to create more fulfilled and energized employees.

UiPath Partner Ecosystem Drives Worldwide Acceleration of Growth

The benefits of UiPath RPA are not only delivered by UiPath but by its ecosystem of more than 4,700 partners that offer additional products and services to foster skills development and support customer deployments. This RPA support can be as basic as network connections or cloud storage or as complex as strategic business consulting, human resource organizational assessments, or support for setting up RPA centers of excellence.

IDC predicts that the use of UiPath and its partner ecosystem will generate $5 billion this year and $16.4 billion by the end of 2025. IDC also estimates that UiPath and its partner ecosystem will employ more than 40,000 by the end of 2025 and generate $52.1 billion in revenue opportunity between 2021 and 2025.

The UiPath partner ecosystem extends the power of our leading automation platform to companies of all sizes, across industries, and helps make customer success possible, said Thomas Hansen, UiPath chief revenue officer. As UiPath grows, so do our partners and we are committed to providing our expanding partner ecosystem with the tools and support needed to empower all workers to be successful in the jobs of the future.

Download a complimentary copy of IDC Thought Leadership White Paper, The Economic Impact of UiPath Robotic Process Automation, here.

*IDC Thought Leadership White Paper, sponsored by UiPath, The Economic Impact of UiPath Robotic Process Automation, Doc. #US47905721, September 2021

About UiPath

UiPath has a vision to deliver the Fully Automated Enterprise, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

See the rest here:

New Research Finds Economic Benefits of UiPath Adoption Will Grow to $55 Billion a Year by 2025 - Business Wire

Dublin, Oct. 07, 2021 (GLOBE NEWSWIRE) -- The "US Circular Economy for Lubricants Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The United States accounts for more than 20% of all lubricants consumed globally. It has one of the highest per capita consumption rates of 7.6 gallons per year. Key factors such as high automobile use or ownership and a huge variety of industries contribute to the demand for lubricants. In 2020, total demand for lubricants in the United States reached 2.09 billion gallons, of which about 1.17 billion gallons of used oil were generated while the rest was lost in use. Currently, the used oil collected is an estimated 72% of the used oil generated by automotive and industrial users of lubricants.

A push for decarbonization and smaller carbon footprints is driving the move toward a circular economy for the lubricants industry. Achieving these sustainability goals requires less dependence on both imported fuel and on highly polluting fossil fuel extraction. In the last decade, collection of used oil has grown significantly in the United States, primarily driven by stringent enforcement of policies by individual states and the US Environmental Protection Agency (EPA), including the Resource Conservation and Recovery Act (RCRA) that regulates the management of hazardous and non-hazardous waste. Current estimates from the US Department of Energy (DOE) indicate that 30% of the used oil collected is re-refined as base oil, which is then made into a variety of lubricants.

Lubricants manufactured from re-refined base oil were previously considered inferior to lubricants made from virgin crude oil. However, an increase in awareness, advancements in used oil re-refining technology, and the economical and environmental sustainability benefits of re-refined base oil-based lubricants in the last 10 years have caused a steady rise in their acceptance and adoption.

The United States is the leading consumer and exporter of API-Group II base oil, but it imports 80% of its Group III base oils. Group II, the most commonly used base oils, serves a wide variety of automotive and industrial lubricants. High-performing, high-stability products with improved wear resistance require Group III base oils, which are equated to semi-synthetic lubricants. Evolving standards aimed at reducing emissions and increasing demand for high-performance lubricants have sparked demand for Group III base oils in the United States. Currently, only one US used oil re-refiner has the capability to produce re-refined Group III base oils. New market entrants are investing in advanced technologies to produce Group III base oil from used oil.

The publisher estimates that the US circular economy for lubricants will increase at a CAGR of 8% in the next 5 years. Tier I re-refiners hold more than 80% of the re-refined base oil production market share. The demand for recycled fuel oil is set to decrease in the next 5 years whereas re-refined base oil production will increase. The market is witnessing consolidation by Tier I players who are leveraging their dominant positions to improve collection efficiency and increase re-refined base oil production, which has a high market value.

Key Issues Addressed

Key Topics Covered:

1. Strategic Imperatives

2. Growth Opportunity Analysis - US Circular Economy for Lubricants Market

3. Growth Opportunity Universe - Circular Economy for Lubricants in the US

For more information about this report visit https://www.researchandmarkets.com/r/43skcm

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Production of API Grade III Re-refined Base Oils for Long-term Sustainability of Circular Economy - GlobeNewswire

Ucore Rare Metals Inc.(TSXV: UCU) (OTCQX: UURAF) (Ucore or the Company) and Alaskas Southeast Conference(collectively the Parties) are pleased to announce the execution of a Memorandum Of Agreement (MOA), setting forth certain nonbinding understandings and binding agreements between Ucore and Southeast Conference for the evaluation and potential establishment of a Natural Resource Development Complex. The complex will include land and a building (the Facility) suitable to house Ucores rare earth element (REE) separation and purification plant (the Plant, the Alaska Strategic Metals Complex or the Alaska SMC) for the production of REE oxides (REOs). The site selection for the Facility shall be based on the explicit goal of expanding the Natural Resource Development Complex with other related and non-related Southeast Alaska economic development opportunities.

Mike Schrider (L) and Robert Venables (R) at the 2021 Southeast Conference Annual Meeting in Haines, AlaskaTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/1119/98867_6b533765849f5a83_001full.jpg

Southeast Conference is the State of Alaskas (and federally designated) regional economic development organization for Southeast Alaska, and it has the authority to access federal grant funding for economic development activities. Ucore is currently undertaking business, engineering and permitting activities for the development of the Alaska SMC REO production facility. The Alaska SMCs target location is Ketchikan, Alaska, due to: (i) its proximity to Ucores Bokan Dotson Ridge Rare Earth Element Project (Bokan) on Prince of Wales Island; (ii) its deep-water shipping ports on the Pacific Northwests Inside Passage and accessibility to the industrious Pacific Rim; and (iii) the supportive local and State of Alaska administrators.

The Parties envision a joint venture opportunity to acquire and develop the Facility with a combination of Southeast Conference grant funding and Ucore funding; then establishing a long-term lease relationship between the Parties for the Facility resulting in Ucores subsequent development and long-term operation of the Plant (i.e., the Alaska SMC).

Ucore Vice President and COO, Mike Schrider, P.E., stated, The establishment of the MOA between Ucore and Southeast Conference is an important moment in the development of the Alaska SMC and represents just one of many envisioned partnerships as Ucore advances the establishment of a robust and independent rare earth supply chain for the United States and its allies with an Alaskan-centric focus.

The Southeast Conference has a long history of partnering and stimulating economic development in Southeast Alaska, added Southeast Conference Executive Director, Robert Venables. This collaboration with Ucore as the anchor tenant for the Natural Resource Development Complex will stimulate complementary growth in the mineral sector and attract other types of resource extraction entities that will benefit from the direct and indirect business and physical infrastructure improvements created by the development of the Alaska SMC.

Ucores development plan for the Alaska SMC calls for substantial completion of construction by the end of 2023, followed by commissioning, product qualification testing with US-allied feedstock, and production of individual REOs in H1 of 2024.

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare-Earth Element Project in Southeast Alaska, USA. Ucores vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, Ucores vision includes disrupting the Peoples Republic of Chinas (PRC) control of the US REE supply chain through the development of a heavy rare-earth processing facility the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucores heavy rare-earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol UCU and in the United States on the OTC Markets OTCQX Best Market under the ticker symbol UURAF.

For further information, please visit http://www.ucore.com.

About Southeast Conference

Mission: As the state and federally designated regional economic development organization for Southeast Alaska, Southeast Conference serves as the collective voice for advancing the regions economy. Southeast Conference has over 200 member organizations representing 1,200 people from 32 regional communities. The mission of Southeast Conference is to undertake and support activities that promote strong economies, healthy communities and a quality environment in Southeast Alaska.

Southeast Conference began in 1958 with a group of people supporting the establishment of a regional transportation system in Southeast Alaska, which led to the formation of the Alaska Marine Highway System. After that success, Southeast Conference stayed together through more than a half-century to focus on concerns unique to the region, including transportation, maritime, tourism, timber, seafood, mining, health care, government, and overall quality of life.

For further information, please visit http://www.seconference.org.

Forward-Looking Statements

This press release includes certain statements that may be deemed forward-looking statements regarding, among other things, the Companys ALASKA2023 Business Plan as well as the upcoming prospective financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the About Ucore Rare Metals Inc. section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucores expected future Alaska Strategic Metals Complex (Alaska SMC). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 (NI 43-101) technical report that demonstrates that the Bokan Mountain Rare Earth Elements project (Bokan) is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: Innovation Metals Corp. (IMC) failing to protect its intellectual property rights in RapidSX; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT

Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.+1 902 482 5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98867

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Ucore and Alaska's Southeast Conference Execute MOA for the Funding of Strategic Metals Complex - Investing News Network

WASHINGTON--(BUSINESS WIRE)--The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Bidens climate and equity goals at the lowest cost. This is one of the core findings of a new report issued today by Local Solar for All, a broad coalition of local solar advocates, based on analysis from electric grid modeling experts Vibrant Clean Energy.

The report is part of a growing body of research that calls out the financial and societal benefits of significantly growing the amount of local, distributed solar and storage deployed on the U.S. electric grid. The U.S. Department of Energys Solar Futures Study released earlier this month and the Solar Energy Industries Associations recent 30x30 analysis each come to similar conclusions as this modeling: over the next ten years, distributed generation (community and rooftop solar) must grow between two to four times faster than in the previous decade (2010 to 2020) in order to reach the nations climate and energy goals at the lowest cost.

This modeling aligns with other research and represents a floor for how much distributed rooftop and community solar and storage will be needed to meet President Bidens clean energy, climate, and equity goals at the lowest cost, said Jeff Cramer, Executive Director of the Coalition for Community Solar Access. We have always known that customers want distributed solar and storage and that they bring significant societal benefits, but we now know that at-scale, these assets also save the grid and all ratepayers money. Congress and state policymakers should double down on the programs and policies that will accelerate the growth of community and rooftop solar and storage so we can build a clean, low-cost electric grid that works for all Americans.

Using conservative cost and technology assumptions, the report examined how to build the lowest cost grid using President Bidens climate goals as key constraints: 80% clean electricity by 2030, 50% economy-wide carbon reductions by 2030, 95% economy-wide carbon reductions by 2050, and 100% electrification of the economy by 2050.

The key findings include:

Not included in the report, but key to achieving President Bidens Justice40 goals, is the ability for 50% of local rooftop and community solar capacity to be directed to low- to moderate-income (LMI) households, which could lower the energy burden for between 8-15 million LMI households.

This study backs up the findings of other recent studies - that emphasizing local solar and battery storage, in partnership with large-scale renewables, leads to more societal benefits and lower costs, said Rob Sargent, Campaign Director for Local Solar for All. By making rooftop and community solar a priority in President Bidens plan for 80% clean energy by 2030, we can save money and create more jobs, while building the foundation for a more equitable, consumer-focused energy system powered entirely by clean electricity.

The best way to implement President Bidens goal of producing 45% of the nations electricity from solar by 2050 and enact the Justice40 Initiative is with rapid acceleration of distributed solar and battery storage, said Suzanne Leta, Head of Policy and Strategy for SunPower. American families deserve quick and decisive action from Congress to make the investments required to achieve these objectives.

"These results show home solar and batteries play a vital and necessary role in President Bidens ambitious clean energy and infrastructure goals, said Anne Hoskins, Chief Policy Officer for Sunrun. As weve seen in previous models, investing in DERs reduces costs for everyone - and creates a clean, resilient, and equitable energy system."

The report leverages a state-of-the-art grid planning model developed by Vibrant Clean Energy called WIS:dom-P. The model analyzes trillions of data points including every potential energy resource and the direct costs and benefits associated with bringing the most cost effective resource mix to the electric grid. Importantly, unlike most traditional models, the model takes into account, and enhances the delivery of, local solar and storage generation located closer to customers on the distribution side of the grid.

The authors of this report, along with a broad coalition of advocates representing civil rights, indigenous, environment, equity, rural, and business organizations, have been calling on Congress to prioritize the equitable and just deployment of renewable energy through policies that support expanding local rooftop and community solar power for all. Advocates released a policy roadmap which, among other things, advocates for Congress to extend and expand the solar investment tax credit (ITC), create $10 billion in grant funding opportunities for rooftop and community solar, and support distributed energy resources in the Clean Electricity Performance Program (CEPP).

Find a summary of the analysis here and a slide deck highlighting key findings here. Find a list of endorsements of this report here, including representatives of Vote Solar, Earthjustice, Environment America, GreenLatinos, GRID Alternatives, the Institute for Local Self-Reliance, the Solar & Energy Storage Association of Puerto Rico, and Solar United Neighbors.

Join advocates for a webinar reviewing the findings at 3:00pm ET on Thursday, October 7. Register here.

ABOUT LOCAL SOLAR FOR ALL

Local Solar for Alls mission is to create a safer, more affordable, and equitable way to supply power to our communities. The campaign is focused on promoting the benefits of local clean energy production and encouraging federal and state governments to accelerate the development of a more decentralized, distributed energy system. The campaign is being run by solar energy and storage companies, clean energy industry groups, and non-profits including the Coalition for Community Solar Access, Vote Solar, Solar United Neighbors, Sunrun, SunPower, Engie, IGS, and Sunnova. For more information, visit http://www.localsolarforall.org.

Continued here:

New Report Shows Rapidly Increasing Distributed Solar and Storage is Critical to Achieving President Biden's Climate and Equity Goals at the Lowest...

The U.S. Department of Energys (DOE) Office of Fossil Energy and Carbon Management (FECM) has announced nearly US$7 million in funding for seven projects that will develop coal-based filaments or resins for additive manufacturing and advance research and development (R&D) of coal-derived graphite. This investment supports the development of new and safe uses for coal-wastes, which in turn will spur the creation of good-paying jobs in frontline communities as the nation transitions to 100% clean electricity by 2035.

In order to extract the full economic value from coal wastes in a sustainable way, innovation is needed. The National Energy Technology Laboratorys (NETL) Carbon Ore Processing Program seeks to address and deliver solutions to this challenge by supporting novel technologies that produce valuable products from coal waste-derived sources through laboratory- and pilot-scale R&D.

The projects selected, to be managed by NETLs Carbon Ore Processing Program, will use materials derived from coal wastes such as tailings and ash for additive manufacturing via 3D printing and to produce graphite that is used to manufacture batteries, fuel cells and energy storage devices. These applications align with the goals of the Biden-Harris Administration to expand and develop existing and new environmentally sound and safe uses for coal waste and deploy these advanced technologies to help support economically distressed power plant and coal communities.

West Virginia coal has powered the American economy for decades, and todays funding announcement will advance efforts to use coal-waste in developing valuable products, supporting our environmental objectives and the coal value chain. West Virginias abundant coal resources have proven attributes that make it a prime feed-stock for high-end valuable products and we need to ensure we are investing the resources needed to harness the full value of this important natural resource in the cleanest and most efficient way possible. Doing so has the potential to provide new economic opportunities and revitalise traditional energy producing communities who have been hit the hardest by the energy transition, said US Senator Joe Manchin, Chairman of the Senate Energy and Natural Resources Committee.

Ohio is leading the way on industrial energy efficiency, added US Senator, Sherrod Brown. These federal funds will allow us to continue to invest in cutting edge energy technology, so that were creating local jobs and improving our economy in a responsible and sustainable way, while developing the next generation of innovative technology.

The Energy & Environmental Research Center at the University of North Dakota is working to find innovative ways to help North Dakotas lignite coal producers meet the increasing demands for lithium-ion batteries, commented US Senator, Kevin Cramer. Im grateful their work to support this vital sector of our energy industry is receiving the backing of the DOE with todays award.

Given North Dakotas abundant lignite resources, this funding to EERC will help advance new research and develop additional ways to utilise coal-based products to help meet growing demand for lithium-ion batteries, stated US Senator, John Hoeven.

"Developing a market for coal-based products is vital for the future of our coal communities, and can provide a vital lifeline for miners and their families," said US Representative David B. McKinley, P.E. "Im especially proud to see Touchstone on the leading edge of this work. Their research has exciting potential in everything from aerospace to building materials. This funding is vital to continue their important work.

West Virginias coal miners have worked hard to keep the lights on and power this country for generations. Research and development of advance coal technologies is important not only to the future of coal, but also to the opportunities that are available for West Virginians. Touchstone has been a leader in revolutionising new technology that reduces waste from coal facilities, which was why I was proud to advocate on behalf of this project last August. Coal remains the lifeblood of West Virginias energy economy, and this funding will help us continue to grow and strengthen this important sector, US Senator, Shelley Moore Capito, concluded.

The selected projects are as follows:

Read the article online at: https://www.worldcoal.com/coal/07102021/doe-invests-nearly-us7-million-to-put-coal-wastes-to-work/

See original here:

DOE invests nearly US$7 million to put coal wastes to work - World Coal

Today Mayor Janey joined the Dorchester Bay Economic Development Corporation, Boston Capital Development, Escaz Development, Newmarket community partners, and local residents for the grand opening celebration of Indigo Block, an 89-unit, mixed-use, transit-oriented affordable development on a 2.5-acre parcel located at 65 East Cottage Street in Dorchester.

"The completion of the rental units at Indigo Block is the culmination of years of hard work and many productive partnerships between the community, area stakeholders, government agencies, and private investors. I am proud that together, we are guaranteeing long-term affordability by creating these new homes," said Mayor Kim Janey. "I want to thank Dorchester Bay Economic Development Corporation, Boston Capital Development, and Escaz Development for all they have done to get the project done against all odds in the middle of a pandemic."

Indigo Block creates 80 mixed-income rental units and nine homeownership units for first-time homebuyers. Also, it creates 23,000 square feet of light industrial and office space, which will accommodate up to seven commercial tenants. Indigo Block creates affordable housing options and provides opportunities for small businesses to expand and create jobs in the community.

Dorchester Bay and its partners, Boston Capital Development and Escaz Development, have developed 80 rental units that will house low- to middle-income households. Of the rental units, 44 will be available to individuals making up to 60% of the Area Median Income(AMI), or $56,400 per year, and 36 will be for individuals making between 61% and up to 90% of AMI, or $76,100 per year.

"As an organization, Dorchester Bay strives to create healthy, safe, and attractive homes for our residents, and economic opportunities for the community. This project shows how a truly productive private, nonprofit, and public sector partnership can accomplish these goals. We're grateful to all of our partners for helping us to deliver Indigo Block, and we look forward to its being a community asset for years to come," said Dorchester Bay EDC CEO Perry Newman.

"We are very excited that Indigo Block is near completion.This project fills an incredible need in the community for more mixed affordable housing units as well as light industrial space that we know will provide dozens of jobs for local residents!The strength of our partnership has been key to bringing about a model development that we know will set the bar for similar projects in the future," said Newmarket Community Partners Executive Director Susan Sullivan.

Indigo Block was designed by Davis Square Architects to be energy and resource-efficient in accordance with the City of Boston's Green Affordable Housing Program. It utilizes high-efficiency heating and cooling systems fixtures, as well as Energy Star-rated appliances. The development also employed environmentally-friendly design features throughout. The site received LEED Neighborhood Development certification. It also meets the U.S. Environmental Protection Agency's Energy Star standards.

"The Indigo Block fulfills a long-held community vision of transforming a vacant city parcel into a true neighborhood asset that delivers affordable homes and economic opportunities," said MassHousing Executive Director Chrystal Kornegay. "This new housing community resulted from a truly collaborative effort by all the development partners, and the Uphams Corner community and MassHousing were pleased to be part of completing this dynamic project for the residents now calling Indigo Block home."

This mixed-income transit-oriented development was made possible with funding from the City of Boston Department of Neighborhood Development (DND), Inclusionary Development Program (IDP), HOME Program, Affordable Housing Trust Fund (AHTF), Federal and State Low-Income Housing Tax Credits (LIHTC), Commercial Area Transit Node Housing Program (CATNHP), the Department of Housing and Community Development (DHCD), and New Market Tax Credits (NMTC) from Massachusetts Housing Investment Corporation (MHIC) and Local Initiatives Support Corporation (LISC). Funding support for Indigo Block also includes financing from Eastern Bank, Boston Private Bank, The Life Initiative, Boston Capital, MassHousing, Property and Casualty Initiative LLC, Community Based Housing (CBH), CEDAC, and The Northern Trust Company.

About the Department of Neighborhood Development(DND)

The Department of Neighborhood Development is responsible for housing people experiencing homelessness, developing affordable housing, and ensuring that renters and homeowners can find, maintain, and stay in their homes. As part of the ongoing coronavirus response, the Office of Housing Stability is administering Boston's Rental Relief Fund, which has given out more than $20 million to more than 4,000 households and is also conducting tenant's rights workshops to educate residents about the eviction moratorium and their rights. The Boston Home Center continues to provide down payment assistance to first-time home buyers and home repairs for seniors and low-income residents. The Supportive Housing Division works with various partners around the city to rapidly house individuals who are experiencing homelessness. For more information, please visitthe DND website.

About Dorchester Bay Economic Development Corporation

Dorchester Bay Economic Development Corporation (DBEDC) is a community development corporation founded by local civic associations in 1979 to address the problems of economic disinvestment, unemployment, crime, community tensions, and the shortage of quality affordable housing undermining Boston's Dorchester neighborhoods. Over the last 40 years, we have worked in partnership with local leaders and stakeholders to build and preserve 1,100 units of affordable housing and over 200,000 square feet of commercial space, to engage residents in community life, and to support a robust economy through small business support and economic development. The structures we have built are physical manifestations of our work, but at its core, our work is about strengthening our community, which is made up of the people who live and work in our neighborhood.

For more information, visit the DBEDC website atwww.dbedc.org.

About Boston Capital Development, LLC

As an affordable and workforce multifamily housing developer, Boston Capital Development is committed to working with communities and stakeholders to provide much-needed housing solutions in the markets we serve. Our development business is built upon the strength and experience of the parent company, Boston Capital Corporation, established in 1974 and having invested in over 230,000 apartment units for low and moderate-income households nationwide.We will continue using our expertise and industry-leading approach to meet the growing housing needs for all Americans.

About Escaz Development

Escaz Development, formed in 2013, adopts an entrepreneurial approach to real estate development and construction management, creating value for its public, private, and local community partners. A growing real estate development company, Escaz Development is involved in the creation of a range of housing and commercial development ventures in greater Boston's neighborhoods.

The firm takes a collaborative approach to development that involves stakeholders in government, private capital partners, nonprofits, and community neighborhood groups. Our firm and its leadership have an unwavering commitment to developing and investing in urban areas where there is a need for economic growth and opportunity.As a minority-owned enterprise, Escaz has a deep commitment to excellence, growth, and collaboration with local municipalities and their leadership.

Today Mayor Janey joined the Dorchester Bay Economic Development Corporation, Boston Capital Development, Escaz Development, Newmarket community partners, and local residents for the grand opening celebration of Indigo Block, an 89-unit, mixed-use, transit-oriented affordable development on a 2.5-acre parcel located at 65 East Cottage Street in Dorchester.

"The completion of the rental units at Indigo Block is the culmination of years of hard work and many productive partnerships between the community, area stakeholders, government agencies, and private investors. I am proud that together, we are guaranteeing long-term affordability by creating these new homes," said Mayor Kim Janey. "I want to thank Dorchester Bay Economic Development Corporation, Boston Capital Development, and Escaz Development for all they have done to get the project done against all odds in the middle of a pandemic."

Indigo Block creates 80 mixed-income rental units and nine homeownership units for first-time homebuyers. Also, it creates 23,000 square feet of light industrial and office space, which will accommodate up to seven commercial tenants. Indigo Block creates affordable housing options and provides opportunities for small businesses to expand and create jobs in the community.

Dorchester Bay and its partners, Boston Capital Development and Escaz Development, have developed 80 rental units that will house low- to middle-income households. Of the rental units, 44 will be available to individuals making up to 60% of the Area Median Income(AMI), or $56,400 per year, and 36 will be for individuals making between 61% and up to 90% of AMI, or $76,100 per year.

"As an organization, Dorchester Bay strives to create healthy, safe, and attractive homes for our residents, and economic opportunities for the community. This project shows how a truly productive private, nonprofit, and public sector partnership can accomplish these goals. We're grateful to all of our partners for helping us to deliver Indigo Block, and we look forward to its being a community asset for years to come," said Dorchester Bay EDC CEO Perry Newman.

"We are very excited that Indigo Block is near completion.This project fills an incredible need in the community for more mixed affordable housing units as well as light industrial space that we know will provide dozens of jobs for local residents!The strength of our partnership has been key to bringing about a model development that we know will set the bar for similar projects in the future," said Newmarket Community Partners Executive Director Susan Sullivan.

Indigo Block was designed by Davis Square Architects to be energy and resource-efficient in accordance with the City of Boston's Green Affordable Housing Program. It utilizes high-efficiency heating and cooling systems fixtures, as well as Energy Star-rated appliances. The development also employed environmentally-friendly design features throughout. The site received LEED Neighborhood Development certification. It also meets the U.S. Environmental Protection Agency's Energy Star standards.

"The Indigo Block fulfills a long-held community vision of transforming a vacant city parcel into a true neighborhood asset that delivers affordable homes and economic opportunities," said MassHousing Executive Director Chrystal Kornegay. "This new housing community resulted from a truly collaborative effort by all the development partners, and the Uphams Corner community and MassHousing were pleased to be part of completing this dynamic project for the residents now calling Indigo Block home."

This mixed-income transit-oriented development was made possible with funding from the City of Boston Department of Neighborhood Development (DND), Inclusionary Development Program (IDP), HOME Program, Affordable Housing Trust Fund (AHTF), Federal and State Low-Income Housing Tax Credits (LIHTC), Commercial Area Transit Node Housing Program (CATNHP), the Department of Housing and Community Development (DHCD), and New Market Tax Credits (NMTC) from Massachusetts Housing Investment Corporation (MHIC) and Local Initiatives Support Corporation (LISC). Funding support for Indigo Block also includes financing from Eastern Bank, Boston Private Bank, The Life Initiative, Boston Capital, MassHousing, Property and Casualty Initiative LLC, Community Based Housing (CBH), CEDAC, and The Northern Trust Company.

About the Department of Neighborhood Development(DND)

The Department of Neighborhood Development is responsible for housing people experiencing homelessness, developing affordable housing, and ensuring that renters and homeowners can find, maintain, and stay in their homes. As part of the ongoing coronavirus response, the Office of Housing Stability is administering Boston's Rental Relief Fund, which has given out more than $20 million to more than 4,000 households and is also conducting tenant's rights workshops to educate residents about the eviction moratorium and their rights. The Boston Home Center continues to provide down payment assistance to first-time home buyers and home repairs for seniors and low-income residents. The Supportive Housing Division works with various partners around the city to rapidly house individuals who are experiencing homelessness. For more information, please visitthe DND website.

About Dorchester Bay Economic Development Corporation

Dorchester Bay Economic Development Corporation (DBEDC) is a community development corporation founded by local civic associations in 1979 to address the problems of economic disinvestment, unemployment, crime, community tensions, and the shortage of quality affordable housing undermining Boston's Dorchester neighborhoods. Over the last 40 years, we have worked in partnership with local leaders and stakeholders to build and preserve 1,100 units of affordable housing and over 200,000 square feet of commercial space, to engage residents in community life, and to support a robust economy through small business support and economic development. The structures we have built are physical manifestations of our work, but at its core, our work is about strengthening our community, which is made up of the people who live and work in our neighborhood.

For more information, visit the DBEDC website atwww.dbedc.org.

About Boston Capital Development, LLC

As an affordable and workforce multifamily housing developer, Boston Capital Development is committed to working with communities and stakeholders to provide much-needed housing solutions in the markets we serve. Our development business is built upon the strength and experience of the parent company, Boston Capital Corporation, established in 1974 and having invested in over 230,000 apartment units for low and moderate-income households nationwide.We will continue using our expertise and industry-leading approach to meet the growing housing needs for all Americans.

About Escaz Development

Escaz Development, formed in 2013, adopts an entrepreneurial approach to real estate development and construction management, creating value for its public, private, and local community partners. A growing real estate development company, Escaz Development is involved in the creation of a range of housing and commercial development ventures in greater Boston's neighborhoods.

The firm takes a collaborative approach to development that involves stakeholders in government, private capital partners, nonprofits, and community neighborhood groups. Our firm and its leadership have an unwavering commitment to developing and investing in urban areas where there is a need for economic growth and opportunity.As a minority-owned enterprise, Escaz has a deep commitment to excellence, growth, and collaboration with local municipalities and their leadership.

This press release was produced by the City of Boston. The views expressed here are the author's own.

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City Of Boston: Mayor Janey And Partners Celebrate The Grand Opening Of Indigo Block - Patch.com