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Career and Technical Education is a driving force for economic growth in OK

Career and Technical Education is a driving force for economic growth in OK

Yahoo11-02-2025
As superintendent and CEO of Metro Tech, I've witnessed firsthand how education transforms lives. Students walk through our doors ready to gain skills that will shape their futures and leave with the tools to thrive in the workplace and life. The success of our students has a ripple effect on our communities, local businesses and the economy.
Career and Technical Education (CTE) is more than classrooms and certifications. It's a driving force for economic growth in Oklahoma. CareerTech is not only Oklahoma's workforce leader, but it also fuels the economy, contributing nearly $1 billion annually and providing taxpayers with a high return on investment.
For every $1 of state funding invested in technology centers like Metro Tech, there's a $9.82 impact on economic output and $10.48 in earnings for secondary and adult students over a decade. These numbers are a testament to CareerTech's work to prepare students for high-demand careers and help businesses thrive.
Metro Tech serves as a vital resource for workforce development. We provide full-time, short-term, and customized business to fill critical gaps in the workforce, ensuring our local businesses have the talent they need to grow and remain competitive.
An example of this is the recent construction of our Nursing Simulation Lab on the Springlake Campus, made possible through the American Rescue Plan Act (ARPA) grant awarded through the Oklahoma Healthcare Workforce Training Commission.
With the healthcare industry facing a significant workforce shortage, this initiative couldn't come at a better time. This new facility is helping us train more students and expand our Practical Nursing and Surgical Technology programs, which will help provide more than 100 new healthcare graduates to the workforce each year.
More: Does Oklahoma have enough economic freedom to lift people out of poverty? | Opinion
But CareerTech's impact extends far beyond this. Whether it's welding, culinary arts, automotive service, or early childhood education, our programs are tailored to meet the needs of both our students and the businesses that hire them. CareerTech's bridge between education and industry is the backbone of our success.
As we celebrate Career and Technical Education Month this February, to take a closer look at how CTE impacts our community. At Metro Tech, we're committed to continuing this legacy of excellence. Together, we're building a stronger, more prosperous future for generations to come.
Aaron Collins is superintendent and CEO of Metro Technology Centers, which has four campuses offering full-time, short-term, career and customized business training across Oklahoma City.
This article originally appeared on Oklahoman: Career and Technical Education ensures a strong workforce | Opinion
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Luxury Living: Penrith and Skye at Holland Condominiums in Singapore for 2025
Luxury Living: Penrith and Skye at Holland Condominiums in Singapore for 2025

Time Business News

time14 hours ago

  • Time Business News

Luxury Living: Penrith and Skye at Holland Condominiums in Singapore for 2025

Singapore's real estate market continues to captivate homebuyers and investors with its blend of modern luxury, strategic locations, and promising investment potential. Among the most anticipated new launches for 2025 are Penrith and Skye at Holland, two distinct condominium developments that redefine urban living. This article explores the unique features, prime locations, and lifestyle offerings of these exceptional properties, providing a glimpse into why they are set to become iconic additions to Singapore's skyline. Nestled along Margaret Drive in the heart of Queenstown, Penrith is a 99-year leasehold condominium that offers unparalleled access to urban conveniences. Located just a 5-minute walk from Queenstown MRT station on the East-West Line, residents enjoy seamless connectivity to key destinations like Orchard Road, the Central Business District (CBD), and One-North. Major expressways such as the Ayer Rajah Expressway (AYE), Pan-Island Expressway (PIE), and Central Expressway (CTE) are easily accessible, making commutes effortless for drivers. The surrounding Queenstown estate, part of District 3, is a mature and vibrant neighborhood known for its rich heritage and modern amenities. From the iconic Margaret Drive Hawker Centre to nearby retail hubs like Anchorpoint Shopping Centre and IKEA Alexandra, residents have a wealth of dining, shopping, and leisure options within walking distance. Developed by a consortium of GuocoLand, Hong Leong Holdings, and Intrepid Investments, Penrith is designed to cater to discerning homeowners. The development spans 102,497 square feet and features approximately 462 meticulously crafted units, ranging from one to five bedrooms. Each residence is equipped with cutting-edge Smart Home technology, including digital locks, RFID cards, and a mobile app for remote control of appliances, lighting, and security. This seamless integration of technology enhances both comfort and security, allowing residents to personalize their living experience. Penrith's interiors are designed with modern elegance in mind, featuring open-plan layouts, large windows, and high ceilings to maximize natural light and ventilation. High-end appliances and premium fittings in kitchens and bathrooms add a touch of luxury, while north-facing units on higher floors offer unblocked views of the surrounding cityscape. Penrith offers an extensive range of resort-style facilities tailored to diverse lifestyles. Residents can enjoy multiple swimming pools, a state-of-the-art gymnasium, yoga studios, tennis and basketball courts, and BBQ pits for social gatherings. Families with children will appreciate dedicated amenities like a kiddy pool, playground, and playroom, designed with safety and fun in mind. For those seeking tranquility, the reading lounge and landscaped gardens provide serene spaces to unwind. Penrith's strategic location in a rejuvenating Queenstown estate, coupled with its proximity to upcoming developments like the Greater Southern Waterfront, positions it as a strong investment opportunity. The development's affordability compared to Core Central Region (CCR) projects makes it particularly appealing to HDB upgraders and young families. With an expected Temporary Occupation Permit (TOP) in 2027 or 2029, Penrith promises long-term capital appreciation and rental demand, driven by its prime location and reputable developers. Penrith stands out for its blend of modern luxury, connectivity, and community-driven living. Its proximity to top schools like Queenstown Primary School and Anglo-Chinese School (International), along with recreational spaces like Alexandra Canal Linear Park, makes it ideal for families and professionals alike. The VVIP preview, scheduled for October 3, 2025, offers early registrants exclusive access to floor plans, pricing, and developer discounts, making it a prime opportunity for buyers. Located along Holland Drive in the prestigious District 10, Skye at Holland is a freehold condominium that epitomizes luxury and exclusivity. Its prime position near Holland Village MRT station on the Circle Line ensures excellent connectivity to key areas like Buona Vista, Botanic Gardens, and the CBD. For drivers, major roads like Holland Road and Bukit Timah Road provide quick access to Orchard Road and other city hotspots. The development's proximity to the vibrant Holland Village enclave offers residents a dynamic lifestyle with trendy cafes, upscale restaurants, and boutique shopping at their doorstep. Skye at Holland is crafted to appeal to buyers seeking long-term value and prestige. The freehold tenure ensures enduring ownership, a rare and coveted feature in Singapore's property market. The development features a curated selection of units designed with spacious layouts, premium finishes, and expansive windows to create bright, airy living spaces. Each residence is tailored for comfort and sophistication, catering to professionals, families, and investors looking for a high-end home. Skye at Holland offers a suite of high-end facilities designed to elevate daily living. Residents can indulge in a luxurious lap pool, a fully equipped fitness center, and beautifully landscaped gardens that provide a tranquil escape from the city. Social spaces like clubhouses and gourmet pavilions create opportunities for entertaining, while dedicated areas for relaxation ensure a balanced lifestyle. The development's focus on premium amenities makes it a haven for those who value both leisure and exclusivity. 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Obamacare faces a subsidy cliff — don't bail it out without reform
Obamacare faces a subsidy cliff — don't bail it out without reform

The Hill

time2 days ago

  • The Hill

Obamacare faces a subsidy cliff — don't bail it out without reform

The controversy over the 2010 Affordable Care Act dominated Barack Obama's presidency. The implementation of ObamaCare caused health insurance premiums to soar and nearly collapsed the market entirely. The Biden administration responded by flooding the system with expanded federal subsidies, which are set to expire at the end of 2025. To stop premiums for older workers with pre-existing conditions from suddenly leaping by $10,000, Republicans will need to extend part of this additional funding. But in return, they should insist on reforms to allow healthy Americans to purchase better value insurance with their own money. The Affordable Care Act required health insurers to cover individuals with pre-existing conditions at the same price as enrollees who signed up before they got sick. As a result, premiums more than doubled, millions of healthy enrollees dropped coverage and many insurers abandoned the market. The Affordable Care Act kept the individual health insurance market from falling apart completely by providing subsidies to low-income enrollees. But individuals earning more than $62,600 in 2025 would have faced full premiums without any assistance. Those unsubsidized enrollees felt the full pain of the Affordable Care Act's premium hikes. The legislation allows insurers to charge older enrollees up to three times what they do the youngest, and so unsubsidized premiums for near-retirees can be huge. This year, the benchmark unsubsidized premium for a 61-year-old individual in Washington, D.C., is $15,402 per year. Rather than fix ObamaCare's structure, the newly-elected Democratic Congress in 2021 threw money at the problem with the American Rescue Plan Act. By expanding eligibility for subsidies to higher earners, the act reduced the cost of health insurance for a 61-year-old earning $70,000 from $15,402 to $5,950 — with federal taxpayers covering the difference. That legislation also expanded the generosity of subsidies for lower earners. Those earning $22,000, who would have contributed $756 to the cost of insurance under the original Affordable Care Act, would get it entirely paid for by the federal government. This approach has been hugely expensive. In May 2022, the Congressional Budget Office estimated that subsidies for the Affordable Care Act would cost $67 billion in 2024. Last June, following a renewal of the American Rescue Plan Act's increased subsidies, the Congressional Budget Office's revised cost estimate for 2024 surged to $129 billion. A recent Paragon Institute report found that this leap in cost owed much to a surge in enrollment among those who received coverage free of charge. Paragon estimated that such enrollees accounted for nearly half of new enrollment, and that 5 million people may have misreported their income to claim free coverage, costing taxpayers an additional $20 billion. Insurers eagerly welcomed the influx of new healthy enrollees, who had not deemed it worth purchasing insurance from the individual market until the federal government paid the entire price. Such newcomers proved enormously lucrative, as they used less medical care than existing enrollees but generated the same revenue. Democrats, who received twice as much in campaign contributions as Republicans from Blue Cross Blue Shield in 2024, eagerly boasted about reducing the number of uninsured Americans, with little concern for the cost. The expiry of the American Rescue Plan Act subsidies is now looming again, set to expire at the end of 2025. It will be up to a Republican president and Republican-led Congress to find a way forward. Fiscal conservatives have little appetite to pay for renewing all the expanded ObamaCare subsidies. 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Aurora City Council pushes back on possible reductions in support for Paramount
Aurora City Council pushes back on possible reductions in support for Paramount

Chicago Tribune

time3 days ago

  • Chicago Tribune

Aurora City Council pushes back on possible reductions in support for Paramount

The city of Aurora is looking at pulling back on discussed financial support for the Aurora Civic Center Authority, which owns and operates the Paramount Theatre, but some City Council members are saying they're concerned about the possibility. The matter came up at Tuesday's Aurora City Council meeting, when the council heard a presentation on the city's 2024 audit and discussed the city's future financial concerns. The presentation described the city's use of American Rescue Plan Act, or ARPA, funds during the COVID-19 pandemic, money which had to be obligated by 2024 and spent by 2025, Aurora Chief Financial Officer Stacy Peterson told the council. Much of that funding was spent on ongoing costs, she said, like the ShotSpotter system, body cameras and dash cameras for the police, the addition of 49 full-time employees and financial support to things like the Aurora Civic Center Authority. Peterson also noted that costs for the city went up in 2024, as did the city's debt, and revenue stayed the same or went down slightly. Aurora is facing a significant budget gap for the coming year, Mayor John Laesch recently said. In addition to other attempts to cut costs or generate more revenue, one recent move was the cancellation of the proposed City of Lights Center theater and event space that would have been managed by the Aurora Civic Center Authority, according to past reporting. The project didn't make sense to him or others, and the price was just too high, Laesch has said. Laesch also recently said that the city has been giving the Aurora Civic Center Authority 'way too much,' according to past reporting. In addition to the Paramount, the Aurora Civic Center Authority owns and operates the Copley Theatre, Paramount School of the Arts and North Island Center, as well as manages the city-owned RiverEdge Park and Stolp Island Theatre. Earlier this month, ACCA said in a letter to subscribers that the city's previously-communicated financial support of the organization could be reduced by up to 65%, a change made after programming and budgeting had already been committed for 2026, according to past reporting. The organization said its Bold Series would be going on hiatus after the final performance of its current production, 'True West,' on Aug. 31 at the Copley Theatre in downtown Aurora. ACCA also reduced its full-time staff by around 20%, President and CEO Tim Rater previously said. ACCA was facing a $7 million shortfall in its 2026 budget, and under former Mayor Richard Irvin, the city was considering filling that gap, according to past reporting. That planned support represented roughly 20% of the organization's overall yearly budget, according to Rater. In a statement, Laesch reiterated that the ARPA funding that had previously been supporting the Aurora Civic Center Authority was no longer available, and he said that the city has offered to help with fundraising, cross-promotion and other initiatives to help the organization's finances. A spokesperson for the Paramount on Thursday said that it is continuing to negotiate with the city, but declined to comment further on the organization's plans going forward. At Tuesday's City Council meeting, council members noted that there had been pushback from constituents about the possibility of the city reducing financial support for the Paramount. Ald. Jonathan Nunez, 4th Ward, said that 'upset is an understatement' in terms of the response he's gotten from constituents. 'Our budgeting and our revenue and expense proposals are basically a reflection of our community's values,' Ald. Carl Franco, 5th Ward, said at Tuesday's meeting. 'I think we all know how the community feels about the value down there … it seemed like that was a harsh way to start.' Laesch said at the council meeting that the city has never had a budget line for ACCA, and that Aurora is facing significant financial challenges. The city will provide an update to the council on its financial situation on Aug. 26, per the presentation from Tuesday's meeting. 'I think when you get the Aug. 26 financial update, I think you'll probably realize just how serious of a financial situation the city's in,' Laesch said. 'I'd say that it (is) probably going to be pain felt all over.' But City Council members expressed concern that possible cuts to the Paramount would have an impact beyond the theater itself, to surrounding businesses and restaurants, for example. 'The engine, as we know, is the arts down here, and I hope it doesn't affect them,' Franco said. 'I hope … that it doesn't see them leaving, because that's revenue for us.' Ald. Patty Smith, 8th Ward, said it might mean less people coming to Aurora overall. 'The cuts are going to come back at us,' Smith said. 'The people that come to Aurora because of our Paramount will no longer be coming here because we're not going to be offering the quality and the shows and the amount of shows that we have had in the past.' Ald. Edward Bugg, 9th Ward, said there was a 'gap here … in terminology,' noting that city funds for ACCA hadn't been budgeted yet, but were merely projections for next year. Ald. Will White, at-large, said he believes the city should support the arts, but asked if there is any oversight from the city as to how money is spent when they give it. Laesch said he thinks the city can look at its finances, and said that the city will need to have some oversight on the accounting at ACCA. As the city continues to grapple with its financial troubles, the council on Tuesday suggested some direction for how it wants the city to proceed in supporting the Paramount. Ald. Michael Saville, 6th Ward, for example, advocated for 'more of a soft landing to assist them, rather than something so drastic.' 'I think everybody recognizes that (funding) needs to be cut,' Saville said. 'The question is: can we do it in such a way where it doesn't hurt their programming and doesn't hurt the businesses and doesn't hurt the economic activity that we've established here?'

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