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Bill Schubart: Keep private investors away from nonprofits in health care, journalism, corrections
An outdated stone wall in the Marshfield city forest. File photograph by Cate Chant/VTDigger The incursion of non-public-fairness traders into nonprofit well being treatment, journalism and corrections is doing untold societal and economic damage in the assistance of high-pace profiteering. Non-public fairness buyers, normally minimal partnerships, find the right combine of fairness and financial debt and usually buy and restructure businesses that are not publicly traded. With number of regulatory barriers or constraints, they are significantly trying to find prospect in the nonprofit sector, giving them the prospect to harvest monetary price from taxpayer-funded govt resources this kind of as Medicare, Medicaid and Social Safety. Vermont (and the nation) have…
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Bloomington leaders propose nonprofits, small businesses, home owners get ARPA-funded grants
The Bloomington Metropolis Council on Monday begun to hone in possible tasks for its $13.4 million in COVID-relief money, precisely concentrating on infrastructure, and building grant possibilities for smal organization house owners, nonprofits, and selected householders. So considerably, the council only has designed plans for about a quarter of the American Rescue Strategy Act (ARPA) funds. No ARPA paying votes happened at Monday’s council meeting. As a substitute, leaders presented opinions on team concepts for specific jobs and courses. Individuals are focused on infrastructure, financial enhancement, and socio-economic help. “We’ll come back again with a far more formal proposal of courses that will have, I’ll say, much more meat on…