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Small Business Funding

Local Food & Farms Investment November 22, 2024 [Video]

The Good Food Collective helped 16 local food producers earn business-improving grants from the Colorado Department of Agriculture. Local retailers are using the funds for infrastructure improvements to help provide fresh food to underserved areas. By Connor Shreve. This story is sponsored by Blondies Trophy Room and Choice Building Supply.

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Small Business Funding

Trump has called for dismantling the Education Department. Here’s what that would mean [Video]

Throughout his campaign, President-elect Donald Trump heaped scorn on the federal Department of Education, describing it as being infiltrated by radicals, zealots and Marxists.He has picked Linda McMahon, a former wrestling executive, to lead the department. But like many conservative politicians before him, Trump has called for dismantling the department altogether a cumbersome task that likely would require action from Congress.The agency’s main role is financial. Annually, it distributes billions in federal money to colleges and schools and manages the federal student loan portfolio. Closing the department would mean redistributing each of those duties to another agency. The Education Department also plays an important regulatory role in services for students, ranging from those with disabilities to low-income and homeless kids.Indeed, federal education money is central to Trump’s plans for colleges and schools. Trump has vowed to cut off federal money for schools and colleges that push “critical race theory, transgender insanity, and other inappropriate racial, sexual or political content” and to reward states and schools that end teacher tenure and enact universal school choice programs.Federal funding makes up a relatively small portion of public school budgets roughly 14%. Colleges and universities are more reliant on it, through research grants along with federal financial aid that helps students pay their tuition.Here is a look at some of the department’s key functions, and how Trump has said he might approach them.Student loans and financial aidThe Education Department manages approximately $1.5 trillion in student loan debt for over 40 million borrowers. It also oversees the Pell Grant, which provides aid to students below a certain income threshold, and administers the Free Application for Federal Student Aid (FAFSA), which universities use to allocate financial aid.The Biden administration has made cancellation of student loans a signature effort of the department’s work. Since Bidens initial attempt to cancel student loans was overturned by the Supreme Court, the administration has forgiven over $175 billion for more than 4.8 million borrowers through a range of changes to programs it administers, such as Public Service Loan Forgiveness.The loan forgiveness efforts have faced Republican pushback, including litigation from several GOP-led states.Trump has criticized Biden’s efforts to cancel debt as illegal and unfair, calling it a total catastrophe that taunted young people. Trump’s plan for student debt is uncertain: He has not put out detailed plans.Civil rights enforcementThrough its Office for Civil Rights, the Education Department conducts investigations and issues guidance on how civil rights laws should be applied, such as for LGBTQ+ students and students of color. The office also oversees a large data collection project that tracks disparities in resources, course access and discipline for students of different racial and socioeconomic groups.Trump has suggested a different interpretation of the office’s civil rights role. In his campaign platform, he said he would pursue civil rights cases to stop schools from discriminating on the basis of race. He has described diversity and equity policies in education as explicit unlawful discrimination and said colleges that use them will pay fines and have their endowments taxed.Trump also has pledged to exclude transgender students from Title IX protections, which affect school policies on students use of pronouns, bathrooms and locker rooms. Originally passed in 1972, Title IX was first used as a womens rights law. This year, Bidens administration said the law forbids discrimination based on gender identity and sexual orientation, but Trump can undo that.College accreditationWhile the Education Department does not directly accredit colleges and universities, it oversees the system by reviewing all federally recognized accrediting agencies. Institutions of higher education must be accredited to gain access to federal money for student financial aid.Accreditation came under scrutiny from conservatives in 2022, when the Southern Association of Colleges and Schools questioned political interference at Florida public colleges and universities. Trump has said he would fire radical left accreditors and take applications for new accreditors that would uphold standards including defending the American tradition and removing Marxist diversity administrators.Although the education secretary has the authority to terminate its relationship with individual accrediting agencies, it is an arduous process that has rarely been pursued. Under President Barack Obama, the department took steps to cancel accreditors for a now-defunct for-profit college chain, but the Trump administration blocked the move. The group, the Accrediting Council for Independent Colleges and Schools, was terminated by the Biden administration in 2022.Money for schoolsMuch of the Education Department’s money for K-12 schools goes through large federal programs, such as Title I for low-income schools and the Individuals with Disabilities Education Act. Those programs support services for students with disabilities, lower class sizes with additional teaching positions, and pay for social workers and other non-teaching roles in schools.During his campaign, Trump called for shifting those functions to the states. He has not offered details on how the agency’s core functions of sending federal money to local districts and schools would be handled.The Heritage Foundation’s Project 2025, a sweeping proposal outlining a far-right vision for the country that overlaps in areas with Trump’s campaign, offers a blueprint. It suggests sending oversight of programs for kids with disabilities and low-income children first to the Department of Health and Human Services, before eventually phasing out the funding and converting it to no-strings-attached grants to states.___Associated Press education writer Collin Binkley contributed to this report.

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Small Business Funding

Trump names Linda McMahon to lead Department of Education [Video]

President-elect Donald Trump has named Linda McMahon to lead the Department of Education, aligning with his campaign promise to dismantle the department and return control to the states.”I’m going to close the Department of Education and move education back to the states,” Trump said.Trump announced his nomination of McMahon, a former small business administrator and wrestling executive, to spearhead this effort.”You could say, well, let’s pass a law that eliminates the Department of Education and all the programs it administers,” said Neal McCluskey of the Cato Institute.”If you don’t eliminate the programs, then you’ve got to put them somewhere,” McCluskey added.Currently, the Department of Education manages the federal student loan portfolio for over 40 million borrowers and provides financial aid.”For example, the federal government administers the Pell Grant and helps lots and lots of kids around the country get to college who couldn’t otherwise afford it,” said Rebecca Winthrop of the Brookings Institution.The department also allocates federal dollars to colleges and K-12 schools.”It’s a lot more about ensuring that every kid, no matter which state they live in, can get access to a high-quality education,” Winthrop added.Trump has vowed to cut funding for schools teaching critical race theory or gender ideology but wants to reward states and schools that implement universal school choice programs.”Instead of money going to just public schools, the money follows kids to whatever school their families choose,” McCluskey said.”I think the mechanism he would use is a scholarship tax credit. There is legislation for that,” McCluskey added.Some experts warn that while expanding school choice may appeal to parents, it could be dangerous and unconstitutional to implement nationwide.Federal funding accounts for less than 15% of public school budgets and much of the budget comes from the state and local levels.

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Small Business Funding

8-year-old raises money for hurricane relief on his birthday [Video]

WANTED TO TAKE HIS SPECIAL DAY AND MAKE IT ABOUT OTHERS WHO ARE RECOVERING FROM HURRICANE HELENE. RASHAD WILLIAMS HAS THE STORY OF A SMALL IDEA TURNING INTO A LARGE CONTRIBUTION. YOULL ONLY SEE IT HERE ON WYFF NEWS FOUR. ITS A FUN. THIS IS WHAT YOUD EXPECT OUT OF AN EIGHT YEAR OLD. SWINGS, TRAMPOLINE. TOYS. WERE GOING TO GO UP THE LADDER. YOU KNOW THE IMPORTANT THINGS IN LIFE FOR GRANT ACEVEDO. HES CELEBRATING HIS EIGHTH TRIP AROUND THE SUN AND THE GIFT HE ASKED HIS PARENTS FOR. WAS ANYTHING BUT TYPICAL FOR SOMEONE. HIS AGE. WERE WATCHING THE NEWS AND REALIZED WHAT DEVASTATION HAD HAPPENED AROUND OUR AREA AND IN WESTERN NORTH CAROLINA. TONIGHT, RESCUE AND RECOVERY OPERATIONS AND GRANT CAME UP WITH THE IDEA TO, INSTEAD OF GET BIRTHDAY PRESENTS FOR HIS BIRTHDAY. THIS YEAR TO DONATE FUNDS TO THE RED CROSS TO HELP PEOPLE TO KNOW THAT THOSE THINGS ARE GOING ON. IN HIS MIND AND IN HIS HEART. AND THATS THATS KIND OF PRICELESS THAT SOME PEOPLE OUT THERE NEEDED WATER, FOOD, BUT THEY DIDNT HAVE THAT RIGHT NOW. SO WITH THE HELP OF HIS MOM, BLAKELY GRANT STARTED A GO FUND ME. I TOLD MY FRIENDS AND MY NEIGHBORS, TURNING AN IDEA INTO REALITY. A LOT OF PEOPLE DONATED. APPARENTLY, GRANT HAS COME UP WITH ANOTHER GOOD IDEA. HE WANTS TO GIVE THE AMERICAN RED CROSS THE MONEY HIMSELF IN PERSON WITH ONE OF THOSE BIG CHECKS THAT REALLY CATCHES YOUR ATTENTION. LITTLE DOES HE KNOW, IVE MADE A PHONE CALL. WERE ABOUT TO MAKE THAT SURPRISE HAPPEN, RIGHT NOW. WE GOT HERE BEFORE THE ACEVEDO FAMILY. A LITTLE PHILANTHROPIST IN THE MAKING. SO IM SUPER EXCITED ABOUT THIS. AS APRIL DILLON WITH THE RED CROSS PUT THE FINISHING TOUCHES ON THIS BIRTHDAY SURPRISE. GREAT. COME ON IN. I HEAR ITS YOUR BIRTHDAY TODAY. EITHER A NICE POKER FACE OR A BIT OF SHOCK. LOOK AT THIS. THIS IS WHAT YOU COLLECTED FOR US. $2,130 ALL ON YOUR OWN. A MOMENT IN TIME. ONE. TWO. THREE. HAPPY BIRTHDAY. CAPTURING A

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Small Business Funding

City grant giving Albuquerque businesses money to rebuild [Video]

AND THE 80S. WELL, VANDALISM IS A BIG ISSUE IN ALBUQUERQUE AND BUSINESSES ARE SUFFERING, BUT THE CITY SAYS IT MAY HAVE A SOLUTION. JULIAN PETTUS SPOKE WITH LOCAL BUSINESSES ABOUT HOW THE CITY IS GETTING INVOLVED. THATS RIGHT GUYS. SO ITS CALLED THE WINDOW TO OPPORTUNITIES. GRANT. A WINDOW TO OPPORTUNITY. SPECIFICALLY, THE GOAL OF IT IS TO HELP LOCAL BUSINESSES THAT HAVE BEEN AFFECTED BY VANDALISM, EVEN IF IT IS TO HELP WITH SOMETHING AS SIMPLE AS A BROKEN WINDOW. I FIRST MOVED TO THIS NEIGHBORHOOD. I BUILT THIS BUILDING ABOUT 20 YEARS, 25 YEARS AGO, AND IT WAS A GREAT LOCATION. ITS A GOOD LOCATION, BUT IN THOSE TWO DECADES, ROBERT GORMAN SAYS HES BEEN A VICTIM OF VANDALISM TIME AND TIME AGAIN. IVE HAD THIS WINDOW OVER HERE BROKEN, THAT WINDOW OVER THERE BROKEN, HE SAYS. THERE HAVE BEEN MULTIPLE INCIDENTS OF PEOPLE SLEEPING ON HIS PROPERTY AND BREAKING WINDOWS, AND UNFORTUNATE TREND. MANY ALBUQUERQUE BUSINESSES ARE EXPERIENCING. IM FRIENDS WITH MANY SMALL BUSINESS OWNERS ACROSS THE CITY, AND DOESNT MATTER WHAT NECK OF THE WOODS WERE IN, WHAT PART OF THE CITY YOURE IN, THIS STUFF IS HAPPENING NOW. THE CITY OF ALBUQUERQUE IS STEPPING IN TO HELP WITH THE WINDOW TO OPPORTUNITY GRANT A REIMBURSEMENT INITIATIVE TO EASE THE FINANCIAL BURDEN. VANDALISM HAS ON BUSINESS OWNERS. WE HAVE ALL KINDS OF ISSUES THAT COME UP, AND YOU WANT TO KNOW THAT THE CITY IS AWARE AND AND RESPONDING, AND THIS IS ONE PROGRAM WHERE THEY ARE DOING THAT. THE CITY OF ALBUQUERQUE SAYS 34 BUSINESSES HAVE APPLIED FOR THE GRANT, AND SO FAR THEY HAVE BEEN ABLE TO GIVE OUT MORE THAN $12,000 TO REPAIR DAMAGES. ALTHOUGH PEOPLE LIKE GORMAN APPRECIATE THE ACTION BEING TAKEN, HE BELIEVES MORE CAN BE DONE TO PREVENT THESE CRIMES FROM HAPPENING. BE BETTER IF WE COULD AVOID THE PROBLEM ALTOGETHER AND OBVIOUSLY THERE ARE SOME BUSINESSES THAT NEED THE ASSISTANCE MORE THAN OTHERS, RIGHT NOW, THERE IS STILL $100,000 IN ASSISTANCE FOR BUSINESSES THAT ARE LOOKING TO GET SOME HELP. IN ALBUQUERQUE, JULIAN PARRAS, BACK TO YOU. THREE BUSINESSES WIL