Commerce Park Chicago Unveils Jobs and Economic Opportunity Amid Pandemic

The master-planned $164 million campus includes nearly 200 acres and 2.3 million-square feet of light manufacturing, assembly and logistics space that currently supports 500 annual construction jobs and up to 1,400 permanent jobs at full buildout. The project will complement NorthPoint’s adjacent 155-acre supplier park that serves Ford Motor Company’s nearby Torrence Avenue assembly plant, comprising a total of nearly four million square feet and creating the largest industrial park in the City.

The historic site was first occupied by Republic Steel in 1901, but has remained vacant for nearly 20 years.

“Commerce Park Chicago is an economic engine and jobs generator that is a beacon of hope on the Southeast Side during a time when Chicagoans need good-paying jobs and opportunities as we battle the human and economic impacts of the global pandemic,” said Chicago Alderwoman Susan Sadlowski Garza (10th Ward). “The transformation of an abandoned relic to

Read More

Continue Reading

Chile’s president launches $2 billion plan to bring back jobs lost during pandemic

FILE PHOTO: A trader puts up a tape to control the access to his store as a commercial area opens during the coronavirus (COVID-19) outbreak, in Santiago, Chile, August 17, 2020. The banners read ‘Maximum entry of 2 people’ and ‘Mandatory use of mask.’ REUTERS/Ivan Alvarado/File Photo

SANTIAGO (Reuters) – Chilean President Sebastian Pinera announced on Sunday the launch of $2 billion in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe’s top copper producer.

Pinera said the government would pay private businesses up to 50%, or as much as $317 of the salaries of any newly hired employee for the next six months. A similar program will cover up to around $200 of the salaries of employees who return to work after a furlough period during the coronavirus crisis.

The package, which seeks to create

Read More

Continue Reading

CVS has been nimble during the pandemic

The Motley Fool Take

Some businesses are hurt more than others by pandemics and recessions. One company with some resistance to both is pharmacy chain CVS Health. Yes, the COVID-19 pandemic has reduced foot traffic in its stores and hurt in-store clinic revenue. But the pandemic is not likely to be a long-term issue, and CVS has responded nimbly. Indeed, it was recently operating more than 1,800 COVID-19 testing sites nationally — and it’s offering virtual doctor visits with its MinuteClinic “E-Clinic” program.

One of the steadiest tailwinds for CVS Health is that America’s population is aging. As life expectancies lengthen and baby boomers hit retirement, reliance on prescription medicines to improve overall quality of life should increase. Since pharmacy sales generate about three-quarters of CVS revenue, an aging population with easy access to prescription medicines is a good thing.

What’s more, CVS Health has been pushing the personalized medicine

Read More

Continue Reading

Buying Wedding Insurance During the Pandemic

Now that insurance contracts have classified the pandemic as a “known event,” new cancellation insurance policies will not cover Covid-related cancellations, such as a bride or groom contracting the virus. But Greg Esterhai, the chief executive and a founder of the Philadelphia-based insurance company Eventsured, said there are still benefits of getting cancellation insurance. “A power outage at your venue, for example, is a totally unpredictable event that would be covered by cancellation insurance,” he said.

But bear in mind: Some of the insurance companies that do offer cancellation insurance have lowered their coverage limits, said Les Masterson, the managing editor of, which provides a comparison of insurance rates. He says he has seen carriers reduce their cancellation coverage to $25,000 from $50,000.

Steve Lauro, the vice president of WedSafe, a division of Aon Insurance that sells special-event insurance based in Garden

Read More

Continue Reading

Accenture Is in a Holding Pattern as the Pandemic Drags On

Shares of global consulting and outsourcing titan Accenture (NYSE:ACN) endured a sell-off of roughly 7% in the two trading sessions following the release of the company’s fiscal fourth quarter 2020 earnings report on Thursday. Revenue dipped 2% year over year to $10.8 billion, or 1% in local currency, in line with management’s previous projection of a negative 3% to positive 1% revenue change in local currency terms.

However, diluted earnings per share of $1.70 fell three cents shy of consensus analyst estimates, and more significantly, management offered uninspiring guidance for the quarter ahead, prompting a round of selling in the company’s stock.  

Teamwork concept: Four hands are pictured holding a cardboard cutout of a rocket ship.

Image source: Getty Images.

Confined to a holding pattern

Management tied Accenture’s top-line dip to two percentage points of decline in reimbursable travel costs — a clear consequence of curbed consulting travel during the pandemic. Among Accenture’s geographical segments, revenue in its biggest market, North America, edged down

Read More

Continue Reading

Pandemic underscores demand for career and technical education

The COVID-19 pandemic has attacked the physical and financial health of communities across the country.

a close up of a person wearing glasses and looking at the camera: Pandemic underscores demand for career and technical education

© iStockphoto
Pandemic underscores demand for career and technical education

According to the Center for Disease Control and Prevention (CDC), more than 6 million Americans have been infected by the coronavirus, but each and every one of us have felt the ripple effect as our economy came to a screeching halt. The economic impact has manifested itself through scenes of boarded up storefronts, millions of Americans out of work, and many families concerned about their wellbeing.

In part, we’ve learned the hard way just how much we rely upon a highly skilled and trained workforce. The pandemic has thrust many hardworking men and women who are often overlooked into the limelight, as we rely upon these professionals now more than ever.

Many of these individuals obtained their skills from career and technical education, or

Read More

Continue Reading

What to know about buying life insurance during the Covid-19 pandemic

Life insurance applications have been on the rise during the coronavirus pandemic. During the first half of 2020, application activity for life insurance rose 1.5% from the previous year, according to the MIB Life Index.

Application activity for Americans under 44 rose about 3.4% year-to-date, while activity for ages 45 to 59 was up 0.5%, the industry group reports. 

While protecting yourself and your family from financial fallout is never a bad thing, a fear of contracting Covid-19 should not be the determining factor for buying life insurance, Barbara Ginty, a certified financial planner and host of the “Future Rich” podcast, tells CNBC Make It. “I only would recommend buying life insurance if you have a need for life insurance,” she says.

Generally, the questions to ask yourself before buying life insurance are: Will there be a financial hardship for your loved ones if you pass away? Do you have

Read More

Continue Reading

COVID-19 Pandemic to Open New Avenues for Global Parking Management Market Growth, Predicts KDMI

The MarketWatch News Department was not involved in the creation of this content.

Sep 25, 2020 (TS Newswire via Comtex) —
KD Market Insights has published a report on global Parking Management market research report. The report offers valuable market insights drivers which would aid the industry leaders to develop and line up their market strategies supported by reliable and accurate data. According to KD Market Insights report, the global Parking Management market is expected to grow at a CAGR of XX.X% during the forecast period i.e. 2020-2025. The market was held to USD XX.X Million in 2019 and is projected to reach to a valuation of USD XX.X Million in 2025. The report covers a detailed chapter on market segmentation of Parking Management market covering market segments By Parking Site, By Automation Level, By Application, By Solution and By Component.

The report offers an exhaustive analysis of the

Read More

Continue Reading

Driving Migrant Inclusion through Social Innovation: Lessons for Cities in a Pandemic – World

By Liam Patuzzi

The rapid arrival of millions of asylum seekers and migrants in Europe in 2015–16 forced cities both large and small to rethink their approach to immigrant inclusion. Many localities, recognizing the newcomers’ diverse backgrounds and at times complex needs, began to experiment with innovative models of service provision, including by working with nongovernmental actors and involving community members more directly in the design and implementation of projects.

The COVID-19 pandemic has forced European cities to confront a whole new set of challenges. Among them, how to support residents—including refugees and other migrants—amid social-distancing orders, all while public services operate at reduced capacity and in the face of likely budget cuts.

This MPI Europe-International Organization for Migration (IOM) report explores key lessons cities can draw from the social innovation that accompanied the 2015–16 arrivals to help them weather the challenges brought by the pandemic. The study’s findings come

Read More

Continue Reading

Load More