Capital – Tac Bikes http://tacbikes.com/ Fri, 11 Jun 2021 22:13:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://tacbikes.com/wp-content/uploads/2021/04/cropped-icon-32x32.png Capital – Tac Bikes http://tacbikes.com/ 32 32 BBVA remains positive on credit growth in Spain and Mexico https://tacbikes.com/2021/03/23/bbva-remains-positive-on-credit-growth-in-spain-and-mexico/ Tue, 23 Mar 2021 06:02:12 +0000 https://tacbikes.com/2021/03/23/bbva-remains-positive-on-credit-growth-in-spain-and-mexico/

BBVA faces future challenges from a position of strength

During his presentation, BBVA’s CFO recalled the Group’s key milestones in 2020. According to him, BBVA has accomplished very remarkable achievements in a year marked by the pandemic. First, successfully manage the crisis while keeping a very clear set of priorities: protecting the health and safety of employees, customers and society; provide essential service and offer financial support to clients. Second, the crisis has reaffirmed the long-term strategy of the bank, as well as its digital leadership. In third position, BBVA managed to post “excellent financial results in these extraordinary times”, with an 11.7% increase in operating profit compared to 2019 (at constant euros). Sáenz de Tejada also highlighted the agreement on the sale of the BBVA franchise in the United States, which unlocked the hidden value of the business unit, with a transaction price almost 3 times higher than the average valuation attributed by analysts to the company. All these achievements allow BBVA to meet future challenges from a position of strength., he explained.

He also explained that any decision regarding the use of capital gains on the sale of the US business unit will be made in creating shareholder value in mind. In this regard, he stressed BBVA’s commitment to reinvest this capital in its main markets, “through profitable growth and cost reduction”, and to increase shareholder compensation. BBVA recently announced a plan to readjust its cost structure, particularly in low growth markets such as Spain, as well as a buyback program of up to 10% of the bank’s shares. Going forward, “every opportunity will be in competition and will have to exceed the returns generated by other capital alternatives,” said Sáenz de Tejada, who said that BBVA does not want to maintain excess structural capital, as this penalizes profitability.

BBVA’s CFO expressed confidence in the ability of the entity in Spain to return to pre-COVID profitability levels, for reasons such as the efficiency improvements brought about by the acceleration of the digitization of banking services and the aforementioned consolidation process. “Our costs will continue to fall in Spain as we attract more and more digital customers,” he said.

Also in Spain, after the significant provisioning effort made in the first half of 2020, Sáenz de Tejada considers that the peak of the cost of risk has already been exceeded in this business unit. In this regard, he expects the cost of risk in 2021 to hover around 50 basis points, compared to a level of 67 basis points in 2020, while the peak of the default rate could be delayed even beyond 2021. “BBVA has always stood out for the prudence and proactivity of its risk management model,” he said. In fact, BBVA has a leading coverage rate in Spain (it closed 2020 at 67%, compared to 57% on average in the case of its competitors), despite a lower risk portfolio (with a higher weight of Mortgages).

As for Mexico, after a year in which the country’s government has focused on rolling out direct support measures to help the most vulnerable sectors, prioritizing fiscal discipline, Sáenz de Tejada hopes the country’s economy will benefit from its relationship with the United States. In this sense, he underlined the importance of the fiscal stimulus plan adopted by the US government and its positive impact on remittances, as well as the new United States-Mexico-Canada (USMCA) trade agreement. All of this will drive loan growth in Mexico throughout the year.

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7 Steps to Help Agribusiness Go Net Zero https://tacbikes.com/2021/03/23/7-steps-to-help-agribusiness-go-net-zero/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/7-steps-to-help-agribusiness-go-net-zero/

General view of Frogmary farm in Devon © PRESS ASSOCIATION / Alistair Heap / Commotion

With the National Farmers Union (NFU) setting the ambitious goal of reaching net zero by 2040, Lloyds Bank is helping agribusinesses take action towards a greener future.

1. Measure your carbon footprint

While nearly two-thirds of the farmers we surveyed are very or somewhat confident that they can achieve the net zero goal of 2040, 87% do not know their company’s current annual carbon footprint.

Having a comprehensive understanding of your carbon footprint can help you create an action plan to reduce it.

Carbon calculators such as Farm Carbon Calculator, Agrecalc, or Cool Farm Tool can identify sources of emissions, compare emissions to those from similar companies, and create a baseline to track progress towards low emission farming practices. carbon.

2. Plant trees and hedges

Reforestation is a powerful way to fight climate change, with trees and hedges acting as “carbon sinks” that naturally absorb carbon emissions from the air.

However, many farmers may miss out on these benefits, with almost three-quarters of those we polled saying they had not taken any reforestation action or had no plans to do so.

Our partnership with the Woodland Trust can help farm businesses plant trees and hedges at heavily subsidized rates.

Increasing the number of trees on your land can also protect valuable topsoil from erosion, provide protection against drought and flooding, and help boost biodiversity.

3. Improve productivity and efficiency

Sustainability is at the heart of many new agricultural practices. Therefore, taking measures to improve productivity can also reduce emission levels.

Precision agriculture, using controlled-release fertilizers and increasing use of organic fertilizers, can contribute to reduced nitrous oxide emissions, while genetic editing and selection, as well as improved breeding livestock health, can reduce methane emissions.

4. Invest in low carbon agrotechnology

The rapidly growing agricultural technology market can play a key role in helping farms become more sustainable.

Sustainable intensification by investing in solutions such as nitrogen-fixing bacteria, vertical farming and drones, aims to improve productivity with reduced inputs and lower environmental impact.

View of the farmland of the Aylesbury Valley from the Chilterns

View of the farmland of the Aylesbury Valley from the Chilterns © Shutterstock

5. Stimulate the production of renewable energy

Three-quarters of the farmers we surveyed have already taken steps to make their farms more sustainable through renewable energy or plan to do so in the future.

Circular waste streams such as anaerobic digestion (AD), which involves converting food waste from animal manure and crop byproducts into energy, are becoming increasingly popular, with nearly 500 AD plants operating in the region. United Kingdom in 2019 and 343 more under construction.

In addition to generating clean energy, AD factories can offer opportunities to generate additional income and improve waste management.

6. Improve soil health

UK soil currently contains the equivalent of 80 years of carbon emissions. However, the depletion of fertile topsoil levels means that improved agricultural practices are needed to help replenish soil carbon stores and prevent the loss of greenhouse gases.

This process is already underway, with 78% of the farmers we surveyed saying they had already started improving soils to become more sustainable or had planned to do so.

Soil health could be improved by:

  • use cover crops in crop rotations to help maintain organic matter
  • management and timing of crops and grazing pressure to reduce soil compaction
  • plant more trees in ‘windbreaks’ along field boundaries to help prevent soil erosion
  • introduce minimum tillage and regenerative grazing practices

7. Restore peatlands

Peatlands are a key part of the British landscape, covering 12% of the country’s land area. Historically, they have acted as an important carbon sink.

However, due to alterations, drainage and damage over the years, they are now a source of carbon emissions.

Restoring peatlands is therefore essential. Adapting grazing routines and considering blocking the adhesion, drainage, and rewetting of peat soils to restore peatlands to natural functioning can all help prevent erosion and loss of carbon emissions from peat soils.

Support agro-industries

  • All relationship managers have received expert training in sustainable development from the Cambridge Institute of Sustainable Learning
  • Low cost loans through our clean growth finance initiative – for a wide range of investments in sustainable agriculture
  • Help in finding a suitable free carbon calculator
  • Regular sustainability webinar sessions on a range of environmental and low-carbon issues

Find out more

All loans are subject to a statute.


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UPDATE 1-Irish banks have enough capital to absorb a severe shock – Central Bank https://tacbikes.com/2021/03/23/update-1-irish-banks-have-enough-capital-to-absorb-a-severe-shock-central-bank/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/update-1-irish-banks-have-enough-capital-to-absorb-a-severe-shock-central-bank/

* The capital would fall to 8% against 18.5% in the event of an unfavorable scenario

* Adverse forecast includes phased lockdowns through 2021

* Countercyclical capital buffer will remain at 0% in 2021 (add details, quotes)

DUBLIN, Nov.26 (Reuters) – Irish retail banks have sufficient overall capital to absorb significantly worse shocks than baseline projections which already called for a no-deal Brexit, a new assessment by the central bank of the country.

The regulator helped banks prop up the economy during the COVID-19 pandemic by reducing to zero in April the amount of capital they need to set aside to protect against future risks, and said on Wednesday it did not did not intend to increase this counter-cyclical capital buffer (CCyB) in 2021.

The unfavorable scenario of the new study predicts an extended period of COVID-19 disruption for most of 2021, similar to the lockdown implemented earlier this year, a slower-than-expected recovery in the global economy and the potential for banks amplify the slowdown by tightening lending standards.

The Irish government intends to end six weeks of strict COVID-19 restrictions next week, reopening non-essential retailers and potentially parts of the hospitality industry.

“The response of the banking system itself will shape the eventual outcomes. Banks should use the extraordinary political support provided to maintain a sustainable supply of credit to businesses and households through the recovery, ”Central Bank Governor Gabriel Makhlouf told reporters.

The combined Tier 1 (CET1) core transitional capital ratio of Irish banks – whose reckless lending pushed the country into an international bailout ten years ago – would fall to 12.6% in the scenario of benchmark and at 8% in the unfavorable scenario against 18.5% currently, the assessment showed.

The central bank also said on Thursday that it did not intend to start phasing in an additional layer of capital requirements – the so-called systemic risk cushion – in 2021.

It will also leave mortgage loan limits unchanged for the third year in a row in 2021, saying it meant the financial system was better prepared for the COVID-19 shock compared to previous crises.

The central bank warned that the ability of many businesses to survive would depend on their ability to restructure pre-existing and pandemic-related liabilities, noting that the share of small and medium-sized businesses with insufficient cash flow to cover three months of spending from exploitation had doubled. at 16% in the pandemic. (Reporting by Padraic Halpin; Editing by Jon Boyle and Mark Potter)


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Bank of England plans to break with EU with tougher bank capital rule https://tacbikes.com/2021/03/23/bank-of-england-plans-to-break-with-eu-with-tougher-bank-capital-rule/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/bank-of-england-plans-to-break-with-eu-with-tougher-bank-capital-rule/

The Bank of England is preparing its first significant break with EU regulation with a proposal that would make bank capital rules stricter in the UK than on the continent.

The European Banking Authority decided late last year that lenders should be able to account for software investments within their core capital levels. For example, if a bank spends 100 million euros on a new trading system, a large part of that amount can now be considered loss-absorbing capital.

But in a harsh verdict on the decision, the BoE’s Prudential Regulatory Authority has says that he had “found no credible evidence that software assets can effectively absorb losses under stress” and is “therefore concerned. . .[the rule]could harm the security and soundness of UK businesses ”.

Christopher Cant, analyst at Autonomous, said “the wording of the statement. . . is unusually strong ”and this makes the“ view of the PRA bleak ”. . . on the non-deduction of software intangible assets rather simple ”.

In one sharp speech BoE Governor Andrew Bailey doubled his stance on Wednesday, saying EU policy “would misrepresent a bank’s loss absorbing capacity” and conflict with standards. Internationally recognized Basel. On Friday, the BoE began a consultation on abolishing the rule.

“It is incredibly unlikely when a bank finds itself in trouble that these investments will have any realizable value,” said a person familiar with the thinking of the UK supervisor.

“The banks were pressuring them on this subject, arguing that they should be released to invest in IT, defend against fintechs and compete with the big technological and American banks,” they added. “It convinced the European political machine, but not us.”

The BoE’s plans come as prospects fade that the EU will grant “equivalence” status to British regulations – dashing the City’s hopes of regaining meaningful access to European markets.

The regulator’s proposal will toughen the rules for UK banks relative to their European rivals and potentially reduce the amount they can pay out in dividends. Payments to shareholders are already strictly capped by regulators to ensure they retain enough capital to absorb Covid-related loan losses and continue to lend during the pandemic.

The changes to EU regulations – known as CRR2 – are said to have resulted in a capital increase of around € 20 billion in the EU banking sector – or around 30 basis points of capital from CET1 base – according to a EBA report Last year.

Of that, around € 3.6bn is tied to Britain’s five biggest banks, meaning the changes proposed by the PRA will strike a blow for companies like Lloyds – which will lose more than £ 1bn. sterling capital relief – followed by Standard Chartered and Barclays.

In addition, smaller challenger banks such as Virgin Money, Metro Bank and Close Brothers are “highly exposed” to change due to recent major IT projects, according to Cant, the independent analyst. Virgin is said to have benefited from almost £ 100million in additional capital as part of the changes to the EU.

Privately, EBA officials have some sympathy for the BoE’s position. In 2018, they wrote to their EU counterparts to oppose more favorable capital treatment for banks’ software investments, stating: “The software treatment should not be hastily changed since the deduction as currently applied still reflects the probable lack of software value in resolution and even more so in liquidation ”.

A European official said there was “political logic” in giving banks in the region capital relief on their software investments. The official said this would both prevent European lenders from being at a disadvantage compared to U.S. banks which enjoy equally favorable capital treatment and help them compete with tech groups, many of which are encroaching on markets. financial services.

After EU lawmakers insisted on the change, EBA opted for a compromise whereby new software investments by banks are matched with capital over three years. The EBA declined to comment further.

The European Commission did not respond to a request for comment.

Additional reporting by Michael Peel.


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Inside the fight to save our secured loan laws https://tacbikes.com/2021/03/23/inside-the-fight-to-save-our-secured-loan-laws/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/inside-the-fight-to-save-our-secured-loan-laws/

Must know

  • Federal government announced plans to abolish secured lending laws – ignoring first recommendation of Royal Banking Commission of Inquiry
  • CHOICE and other consumer groups have converged on Canberra to fight to save these laws and to speak to the Senate Economic Committee.
  • Sign our open letter and join our fight to protect Australians from a debt disaster

“My son, who is on a disability pension, was able to take over $ 10,000 in debt on his credit card without asking questions until he had trouble making small payments.”

Over the past few months, I have been inundated with thousands of stories from people like this father – people who have been personally affected by dangerous lending practices. I was angered by these shocking stories – and inspired by the courage of many people who, despite very difficult odds, continue to survive and overcome this adversity.

With that in mind, last week I joined leading consumer advocates in Parliament to meet with federal politicians on the subject of safeguarding safe loan laws. I took the stories of these people with me.

Why we went to Parliament

In September 2020, the government announced its intention to end safe loan laws. These laws were put in place in 2009 after the scandals of the global financial crisis, where lenders loaned money to people they knew could never afford to repay.

The principle of safe loan laws is incredibly simple: Banks have an obligation to ensure that loans sold to people will not put them in financial difficulty.

Consumer advocates who helped pass the law in 2009 were angry and dismayed at this reckless policy.

This government’s announcement came as a real shock to me. I remember talking to consumer advocates with decades of experience who helped get the law passed in 2009. They were angry and appalled at this reckless policy. They knew first-hand the importance of safe loan laws to protect people – especially the vulnerable, people with disabilities and survivors of domestic violence.

Watch: “The bank was cracking down on me”

Jo Anne’s story of credit debt that has haunted her for decades.

However, this anger and dismay from consumer advocates quickly turned into a determined determination to fight to save safe lending laws. It has become clear to us that government policy can be stopped. Crucial Interbank Senators have the power to block law in the Senate and defend the Australian community.

Speaking to the Senate Economic Committee

On Friday, February 19, the Senate Economic Committee held the first day of public hearings to consider the government’s proposal to abolish secure loan laws.

CHOICE has been invited to speak at the public hearings. It would be an important opportunity to present directly to senators why the safe loan laws should be retained.

In his opening statement, CHOICE CEO Alan Kirkland called the proposed removal of safe lending laws “the biggest giveaway to banks” he has seen. This reform will give much more power to the big banks and expose people to reckless loans.

While in Canberra, we also met with a number of politicians to advocate for the protection of loan laws. We spoke to Members of Parliament and Senators from all walks of life and from across the country. The stories and experiences shared by CHOICE members and supporters help guide our discussions with politicians.

We reminded politicians that after the shocking Royal Banking Commission scandals, the Australian community expects strong action to curb the banks. Focusing laws on secured lending ignores the very first recommendation of the royal commission and would send a clear signal to the community that the banks are off the hook.

Removal of Safe Loan Laws Ignores First-Ever Royal Banking Commission Recommendation

CHOICE and consumer groups face well-funded bank lobbyists. We know that bank lobbyists have deep pockets and well-connected relationships, but I am very confident that we have 400,000 members of the CHOICE community in our corner supporting us. The voice of CHOICE has so much more impact in Canberra because of the thousands of stories and personal experiences that underpin our advocacy.

The community unites to stop the #DetDisaster

The depth of community support for safe loan laws has been immense. I have been blown away by the passion and dedication of the community sector organizations, community members and financial advisors who have come together to protect safe lending laws.

Over 125 organizations, including the Alliance for Gambling Reform, ACTU, Anglicare, Catholic Social Services, ACOSS and Economic Abuse Reference Group, all of which endorsed an open letter calling on parliamentarians to block the law. These organizations have told me firsthand the importance of secured loan laws – and it is they who are left to pick up the pieces and support those who have been hurt by unfair lending practices.

They are the ones who stayed behind to pick up the pieces and support those affected by unfair lending practices.

On the day CHOICE and consumer groups were scheduled to appear before the Senate inquiry, we asked community sector organizations and individuals to tweet #DebtDisaster and #MyBankHorrorStory.

For most of the day, #DebtDisaster was all the rage nationwide on Twitter. Politicians and journalists would recall the depth of community opposition to the proposal. Here’s a look at the organizations and people who tweeted:

And after?

The bill will be debated in the Senate from mid-March. The vote will go to a few crucial Senate MPs who have the power to block the law.

CHOICE and our coalition will work to ensure that safe loan laws are protected. We will continue to meet with politicians, be in the media and call our supporters.

I am convinced that with the support of the community we can save safe lending laws, and I will fight until the Senate vote to ensure that these vital consumer protections are preserved.

Join the campaign by sign the open letter call on parliamentarians to block the bill.




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Small businesses vote access to credit and SBA loans one of their top priorities https://tacbikes.com/2021/03/23/small-businesses-vote-access-to-credit-and-sba-loans-one-of-their-top-priorities/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/small-businesses-vote-access-to-credit-and-sba-loans-one-of-their-top-priorities/

WASHINGTON, February 24, 2021 / PRNewswire / – The National Small Business Association (NSBA) unveiled its Main priorities for the 117th Congress, the result of its biennial Small Business Congress, which has been held virtually over the past three weeks. Small businesses have chosen access to capital, an important role for small businesses in the federal market, and containing the cost of health care, their top priorities for Congress and the administration over the next two years.

“The focus on capital is not surprising given the very difficult state of small businesses today,” said Todd McCracken, President and CEO of NSBA. “What is a bit surprising is how high the political reform is at the top of the list. Ultimately, pragmatic small business owners know that our priorities rest on the shoulders of a functioning political system – a system which has deteriorated shamefully over the past few months and years. “

The main priorities of the NSBA for the 117th Congress are:

  1. Strengthen SBA loans
  2. Support robust contracts for small businesses
  3. Improve access to credit
  4. Control health care costs
  5. Adopt a tax reform that prioritizes simplification
  6. Close the partisan divide and reform politics
  7. Improve workforce training
  8. Regulatory reform and red tape reduction
  9. Strengthen federal innovation programs
  10. Oppose counterproductive minimum wage increases
  11. Support fair and simple capital gains taxes

“Despite a year fraught with unforeseen challenges, the resilience and dedication of the leaders and members of the NSBA have been fully demonstrated as we have spent many hours over the past three weeks crafting this agenda,” said NSBA President ML Mackey, CEO and Co-Founder of Beacon Interactive Systems in Waltham, Mass. “We come from different backgrounds and different political ideologies and I am proud to lead a group that has chosen to put aside the all too common ‘us or them’ mentality to become us. This is the agenda. that WE have defined. “

Please Click here for more detailed information on these priorities, and Click here for a detailed recap of the 2021 Small Business Congress.

Celebrating more than 80 years of activity, the NSBA is a decidedly non-partisan organization that advocates for the interests of American entrepreneurs. The 65,000 members of the NSBA represent all states and industries in the United States. Please visit www.nsba.biz or follow us on @NSBAAdvocate.

SOURCE National Association of Small Businesses

Related links

www.nsba.biz


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UK P2P Lending Pioneer Zopa Closes £ 20million Internal Fundraiser for Growth https://tacbikes.com/2021/03/23/uk-p2p-lending-pioneer-zopa-closes-20million-internal-fundraiser-for-growth/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/uk-p2p-lending-pioneer-zopa-closes-20million-internal-fundraiser-for-growth/

London-based neobank Zopa offers peer-to-peer (P2P) lending, pioneering auto finance solutions and more. Now the company has announced that it has pocketed £ 20million in funding from existing investors.

Focuses on growth

IAG Silverstripe led the investment alongside a large number of investors including Augmentum, Waterfall, Alternative Credit Investments and Venture Founders. Zopa will use the funds to fuel its growth when it feels there is more demand for the products.

Jaidev Janardana, CEO of Zopa said: “Less than a year after launching our bank, we have exceeded our growth plan, both in terms of customers and balance sheet. This capital injection will allow us to continue on this accelerated path. Our strong entry into the UK savings and credit card markets shows the organic appeal of our products and we are pleased to have investors who share our enthusiasm to serve more clients in more categories. of products.

Get competitive rates on savings

While many people and industries have been affected by COVID-19 and the lockdowns that have followed, there has been a shift in customer behavior and demands. Zopa has seen a continued need for access to credit as people look to do home renovations, buy cars and jump-start delayed wedding plans.

In addition, the credit quality of these loans was better than expected. Likewise, many people have managed to save during the pandemic due to the lack of discretionary spending. Zopa’s fixed-term savings product offers competitive rates on their savings.

Deposits worth £ 250 million

Zopa was founded in 2005 by Giles Andrews, James Alexander, Richard Duvall, David Nicholson and Tim Parlett. Nine months after obtaining its full banking license, the neobank Zopa launched successfully. Fixed term savings accounts and an innovative credit card for UK consumers.

the digital bank has already attracted over £ 250million in deposits. In addition, it is one of the top 10 credit card issuers in the UK in terms of new customers. This puts Zopa in a particularly strong financial position. The company has seen double sales since

Zopa is quite different from the previous growth and focuses on a proven lending capability that offers a clear path to profitability.


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Meeting the challenge of the rural workforce https://tacbikes.com/2021/03/23/meeting-the-challenge-of-the-rural-workforce/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/meeting-the-challenge-of-the-rural-workforce/

By celebrating National Agriculture Week and National Agriculture Day, AEM recognizes the importance of agriculture and the vital role it plays in society. Today is a valuable opportunity not only to celebrate the abundance provided by agriculture in the United States and around the world, but also for AEM to reaffirm its commitment to supporting farmers and end users of farm equipment.

Running a business in a rural area has some wonderful benefits, such as lower crime rates, beautiful scenery to enjoy, and a sense of community connection that is different from urban areas.

However, this also comes with unique challenges for Workforce Development. These can be a lack of access to high-speed internet, a rural “brain drain”, a lack of diversity and limited access to educational advancement opportunities. Additionally, there may be challenges with community resources, such as transportation, child care, health care, and housing. While every community is different, there are still best practices supported by research and proven solutions that can be considered to support and enhance the rural workforce.

Numerous research reports have been published on rural economies and the rural workforce. In 2017, the Investing in the American Workforce initiative held listening sessions and conducted extensive research. The aim of the initiative was to shed light on the challenges and opportunities of the workforce, including rural issues. The research has identified stakeholder strategies to build stronger rural economies. Based on the 2017 research and listening sessions, a 2019 report entitled Strengthening the workforce Development in rural areas by Ashley Bozarth and Whitney Strifler, was published by the Federal Reserve. The relevant conclusions presented in Strengthening workforce development in rural areas are reflected in the data and suggestions provided in this article and in the AEM Rural Workforce Action Plan in the recently published paper. AEM Workforce Solutions Toolkit.

Current perspectives

According to Strengthening workforce development in rural areas:

  • One in four businesses located outside metropolitan areas struggle to find skilled workers, compared to one in six in metropolitan areas.
  • Adults 65 and over represent on average 25% of the rural population, compared to 19% in metropolitan areas.
  • White non-Hispanic adults aged 16 and over make up about 82% of the population in non-metro areas, compared to 60% in metro areas.
  • The vast majority of persistent poverty counties, where more than 20% of the population has lived in poverty over the past 30 years, are located in non-metropolitan areas
  • 40% of tenant households outside the metro and 21% of owner occupants outside the metro spend more than 30% of their income on housing costs.
  • 58% of rural census areas in the United States have little or no access to quality child care.
  • In rural areas, the overdose rate exceeded metropolitan rates in 2015.
  • Rural residents make up 57% of the population in neighborhoods without broadband access, but only 15% of the country’s total population.

What you can do

To solve rural workforce issues, businesses must be willing to think beyond their own needs by connecting and investing in their communities. One report encouraged companies to approach rural workforce development with a quasi-public good approach. The systemic challenges facing rural businesses require a willingness to collaborate with key community stakeholders in a way that encompasses the five best practices broadly categorized below. These are solid strategies that require a community approach and a long-term mindset. Organizations such as economic development corporations or chambers of commerce often lead these initiatives. Offering your support, whatever your level, will contribute to the success of your community and to a stronger available workforce.

Strategies for the rural workforce

The strategies described below are closely related to those outlined in Strengthening workforce development in rural areas. Additional research reports and articles have confirmed the validity of this comprehensive policy package.

Connect young people and adults with education and training programs directly linked to existing and growing industrial sectors.

A critical piece of the rural workforce puzzle is to ensure that the limited education programs available in rural areas match the skills and workforce needs of the community. It is important that programs create clear career paths from school to employment. It is essential to present these paths to young and adult learners. The financing of vocational technical education (CTE) can and should be supported by public and private organizations. These connections are best supported by industry education partnerships. (Examples of career paths and funding opportunities can be found in the Workforce Solutions toolkit.)

Support economic diversification initiatives that increase economic resilience.

Many rural communities have one or two flagship businesses that stimulate the economy. The loss of one of these key industries can put a community at risk. Diversifying the size and type of business can help stabilize the impact of potential losses. This diversity also paves the way for attracting workers from all skill sets. Understanding this dynamic while contributing to a collaborative effort makes sense.

Create community facilities that improve the quality of life in order to attract and retain workers.

Rural employers face a duality when recruiting and retaining employees: the challenge disproportionate rural poverty and reduced access to education, and opportunity to attract additional workers who seek to discover abundant natural resources or a community experience different from urban areas. These challenges and opportunities give rural employers the opportunity to reap benefits beyond wages while strengthening their workforce. Employers should articulate the unique advantages of their region when posting jobs, as this can be very effective (especially if they are targeting a specific audience).

Support community development efforts focused on reducing common rural barriers including transportation, housing, child care, health care and broadband.

When willing people are prevented from working due to issues such as transportation, housing and lack of childcare, businesses will have to consider whether it is more costly to invest in solutions or suffer a loss. production capacity. Rural communities also disproportionately lack quality broadband coverage, which in today’s world is an expectation of workers looking to relocate. Companies may not want to take these issues on their own, but engaging in community efforts to address these issues directly benefits workforce recruitment and retention.

Collaborate with the public, not-for-profit and private sectors to align the goals of workforce development, economic development and community development.

Rural communities, businesses and economies face unique challenges that require community stakeholders to work together to overcome them. Learn more about how communities can come together and create success by consulting the resources for the Education Partnerships, Regional Initiatives and Rural Workforce action plans within the province. AEM Workforce Solutions Toolkit.

Learn more

If you need more help, ideas, or information, first visit the Workforce Solutions toolkit or contact AEM’s Julie Davis at jdavis@aem.org.

For more AEM news and updates, subscribe to the AEM industrial advisor.


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Hyderabad student dies in road accident, friend booked to loan bike https://tacbikes.com/2021/03/23/hyderabad-student-dies-in-road-accident-friend-booked-to-loan-bike/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/hyderabad-student-dies-in-road-accident-friend-booked-to-loan-bike/

Hyderabad: A 20-year-old Dental College student identified as Ms. Adhi Reshma died in an accident at KPHB colony in Cyberabad after a high-speed truck crushed her in the wee hours of Sunday.

As she did not have a driver’s license, the police closed a homicide case against her friend for giving her a scooter when she knew she did not have a license. The driver of the truck was also convicted of causing death due to careless driving.

According to the police, Mr. Adhi Reshma is from Badwel in Kadapa district in Andhra Pradesh and a student at HKESS Nijalingappa Dental College in Gulbarga in Karnataka. On Friday February 20, she came to Hyderabad to meet her friend Sreeja, who resides at KPHB. On Saturday evening, Reshma, Sreeja and other friends Mamatha, Ajay Singh and Sravan Kumar went to GSM Mall in Madinaguda to watch a movie.

After watching the movie, at around 11:40 p.m., as they were returning to the KPHB settlement on two-wheelers, Reshma lost her balance on her scooter when a tanker overtook her at high speed and fell on the road. A truck coming from behind crushed Reshma and she died instantly. After the accident, the truck driver abandoned the vehicle and fled the scene, KPHB police said.

During the investigation, police discovered that Reshma’s friend Ajay Kumar gave her the scooter even though he knew she did not have a driver’s license. Reshma was also not wearing a helmet, police said.

Police initiated a case against Ajay Kumar under IPC Article 304 (ii) and truck driver Krishna was convicted under IPC Article 304-A.


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Fulwood mother campaigns for safer roads on school route after 14-year-old was hit by van https://tacbikes.com/2021/03/23/fulwood-mother-campaigns-for-safer-roads-on-school-route-after-14-year-old-was-hit-by-van/ Tue, 23 Mar 2021 06:02:11 +0000 https://tacbikes.com/2021/03/23/fulwood-mother-campaigns-for-safer-roads-on-school-route-after-14-year-old-was-hit-by-van/

Linzi Fairclough, whose 10-year-old daughter attends a local elementary school, was shocked to learn of the accident outside Fulwood Academy in Black Bull Lane shortly before 3 p.m. Wednesday.

That night, the 46-year-old woman said she was “unable to sleep” as she worried about the boy, who remains in serious condition at Alder Hey Hospital where he was taken by air ambulance. .

After a sleepless night, Linzi said she decided to act on her concerns and started a petition to seek safety improvements along the busy 30mph school route.

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Since Wednesday's crash, more than 500 people have added their names to Linzi's petition, with city councilors among those giving their support.  Photo: Neil Cross

Since Wednesday’s crash, more than 500 people have added their names to Linzi’s petition, with city councilors among those giving their support. Photo: Neil Cross

“I spoke to friends because it really upset me,” Linzi said.

“Being a parent and having friends that the kids have witnessed really touched me. Just hearing about a child being knocked over is a parent’s worst nightmare.

“I’ve never started something like this before, but I just feel like I have to do something.

A 14-year-old boy remains in serious condition at Royal Preston Hospital after being hit by a van outside Fulwood Academy in Black Bull Lane at 2:55 p.m. Wednesday March 17th. Photo: Neil Cross

“That night I couldn’t think of anything else but worrying about this boy, his friends and family – I pray that he will make a full recovery.”

Linzi says her daughter, Lilly-May, is starting high school next year and the thought of her crossing the road on her own makes her “frantic with worry.”

She said: “I am the mother of a 10 year old who is due to start high school in September and to say I’m worried is an understatement.

“Fortunately, she will avoid this road, but the worry it caused me is enough to know that if she walked this way, I wouldn’t be able to rest on a daily basis. I would be frantic.”

Police said their investigation into the incident was ongoing, but there was no indication the driver, who pulled over at the scene, had accelerated. Photo: Neil Cross

After witnessing the traffic in Black Bull Lane on her daily walks with her dog, she says “something needs to be done”. Linzi suggested a level crossing near the entrance to the school, as well as baffles, to help prevent any future accidents.

She said: “I live in this area and have been doing most of my life walking past school everyday and it is clear that it is not safe for children to cross.

“Wednesday’s incident just confirmed my fears and made me feel the need to act. Things need to change. I can’t ignore it.”

Linzi’s campaign, “Make Black Bull Lane Safe for All”, received support from Fulwood Academy. But the school principal says children also need to be made more aware of road safety, in addition to any new traffic calming measures.

Linzi Fairclough, 46, whose 10-year-old daughter attends a local elementary school, has petitioned for traffic calming measures in Black Bull Lane after a 14-year-old schoolboy was injured outside of the Fulwood Academy on Wednesday March 17th. Photo: Neil Cross

Dave Lancaster, Principal of Fulwood Academy, said: “Every principal wants to make their school as safe as possible, and we will support any initiative that helps manage traffic outside of our academy.

“Anything we can do to protect our students is obviously incredibly important.

“What is vital, however, is that we look at all possible steps we can take to ensure that accidents are avoided.

“Physical measures must go hand in hand with educational initiatives.”

Read more

Read more

Leyland’s mother urges hit-and-run driver to “come forward” after her 12-year-old son was run over …

City Councilor Phoenix Adair also expressed support for additional road safety measures on the route.

They said, “Linzi contacted my fellow Ward Councilors and I to let us know about the petition she had set up and I immediately signed it and offered her support.

“We are delighted that Linzi has put together a petition which has now been signed by more than 500 residents, which will add more weight to our calls for the county council to do something about trafficking in the area,” in particular with the number of schools on this section.

“There really needs to be a passageway to help schoolchildren and local residents cross the road safely. We encourage residents to stand up and make their voices heard by signing the petition.

Lancashire Police said their investigation into the incident was ongoing and it was “too early to say categorically what had happened and who, if anything, was at fault”. But the force confirmed that the driver had stopped at the scene and that no arrests had been made.

Lancashire County Council, which is responsible for the road, said it is awaiting the outcome of the investigation before considering whether further traffic calming measures are needed.

A spokesperson for the council said: “We are very sorry to hear of this incident and wish the young man a good recovery.

“Once the police have completed their investigations and we have received their report on the circumstances of this incident, we will consider whether there is anything we could reasonably do to reduce the risk of a similar incident occurring in this place in the future. “

Linzi says she hopes her petition will lead authorities to review busy roads in school areas and prevent further tragic accidents in the future.

She said: “If the petition gets the ball rolling and gives those with the power to change things to think about it, then I will be happy.

“If another school trip can keep one more family from going through the hell this boy’s family is going through right now, then it’s worth it.”

You can read Linzi Fairclough’s petition here.


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