logo
Freedom Credit Union pledges to Square One's capital campaign

Freedom Credit Union pledges to Square One's capital campaign

Yahoo22-05-2025
SPRINGFIELD, Mass. (WWLP) – Freedom Credit Union has pledged $7,500 to Square One's 'Back to Square One' capital campaign, furthering its commitment to community development.
The donation will help support early childhood education in western Mass. and fund Square One's new early learning and family support center in Springfield's South End.
Healey administration awards affordable housing internet grants to western Mass. communities
The planned 26,000-square-foot facility is being built on the same site where Square One's original building stood before it was destroyed by a tornado in 2011. The new campus is scheduled to open next month.
'This gift represents Freedom Credit Union's strong support for our mission and vision for the future of the families who live and work here,' says Kristine Allard, Vice President of Development & Communication for Square One. 'We know that our new campus will play a vital role in positioning our region's young children for long-term success. We are so grateful to our friends at Freedom Credit Union and everyone who has supported our campaign.'
Since launching the campaign in March 2023, Square One has raised more than $13 million toward the construction of its new facility. However, the organization's rapid growth has already created a new challenge: a need for more space.
To help address the space limitations, Balise Auto donated a nearby unoccupied building adjacent to the construction site. That structure requires an estimated $4 million in renovations, which will begin once construction of the new main campus is complete.
'We are proud to support the important work Square One does every day to help children and families in our community grow and thrive,' said Freedom Credit Union President Glenn Welch. 'Their vision to effect meaningful change that results in more promising futures for children, families, and our community closely reflects our own cooperative spirit.'
Square One has seen rising demand for its family support services, a reflection of its growing impact in the region. The expansion of facilities is a strategic move to ensure continued support for Springfield-area families through high-quality education, care, and comprehensive family resources.
The 'Back to Square One' campaign continues to accept donations as it pushes forward with renovations and programming expansion.
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on WWLP.com.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fatal explosion at U.S. Steel's plant raises questions about its future despite heavy investment
Fatal explosion at U.S. Steel's plant raises questions about its future despite heavy investment

Los Angeles Times

time11 hours ago

  • Los Angeles Times

Fatal explosion at U.S. Steel's plant raises questions about its future despite heavy investment

HARRISBURG, Pa. — The fatal explosion last week at U.S. Steel's Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the United States — along with profits, share prices and steel prices — have been buoyed by years of friendly administrations in Washington that slapped tariffs on foreign imports and bolstered the industry's anticompetitive trade cases against China. Most recently, President Trump's administration postponed new hazardous air pollution requirements for the nation's roughly dozen coke plants, including Clairton Coke Works, where the blast occurred, and he approved U.S. Steel's nearly $15-billion acquisition by Japanese steelmaker Nippon Steel. Nippon Steel's promised infusion of cash has brought vows that steelmaking will continue in the Mon Valley, a river valley south of Pittsburgh long synonymous with steelmaking. 'We're investing money here. And we wouldn't have done the deal with Nippon Steel if we weren't absolutely sure that we were going to have an enduring future here in the Mon Valley,' David Burritt, U.S. Steel's chief executive, said at a news conference Tuesday, a day after the explosion. 'You can count on this facility to be around for a long, long time.' The explosion killed two workers and hospitalized 10 with a blast so powerful that it took hours to find two missing workers beneath charred wreckage and rubble. The cause is under investigation. The plant is considered the largest coking operation in North America and, along with a blast furnace and finishing mill up the Monongahela River, is one of a handful of integrated steelmaking operations left in the U.S. The explosion now could test Nippon Steel's resolve in propping up the nearly 110-year-old Clairton plant, or at least force it to spend more than it had anticipated. Nippon Steel didn't respond to a question as to whether the explosion will change its approach to the plant. A spokesperson for the company said in a statement that its 'commitment to the Mon Valley remains strong' and that it sent 'technical experts to work with the local teams in the Clairton Plant, and to provide our full support.' Meanwhile, Burritt said that he had talked to top Nippon Steel officials after the explosion and that 'this facility and the Mon Valley are here to stay.' U.S. Steel officials say that safety is their top priority and that they spend $100 million a year on environmental compliance at Clairton alone. Repairing Clairton, however, could be expensive, an investigation into the explosion could turn up more problems, and an official from the United Steelworkers union said it's a constant struggle to get U.S. Steel to invest in its plants. Besides that, production at the facility could be affected for some time. The plant has six batteries of ovens, and two — where the explosion occurred — were damaged. Two others are on a reduced production schedule because of the blast. There is no timeline to get the damaged batteries running again, U.S. Steel said. Accidents are nothing new at Clairton, which heats coal to high temperatures to make coke, a key component in steelmaking, and produces combustible gases as byproducts. An explosion in February injured two workers. Even as Nippon Steel was closing the deal in June, a breakdown at the plant dealt three days of a rotten egg odor into the air around it from elevated hydrogen sulfide emissions, the environmental group GASP reported. The Breathe Project, a public health organization, said U.S. Steel has been forced to pay $57 million in fines and settlements since Jan. 1, 2020, for problems at the Clairton plant. A lawsuit over a Christmas Eve fire at Clairton in 2018 that saturated the area's air for weeks with sulfur dioxide produced a withering assessment of conditions there. An engineer for the environmental groups that sued wrote that he 'found no indication that U.S. Steel has an effective, comprehensive maintenance program for the Clairton plant.' Clairton, he wrote, is 'inherently dangerous because of the combination of its deficient maintenance and its defective design.' U.S. Steel settled, agreeing to spend millions on upgrades. Matthew Mehalik, executive director of the Breathe Project, said U.S. Steel has shown more willingness to spend money on paying fines, lobbying the government and buying back shares to reward shareholders than making its plants safe. It's unclear whether Nippon Steel will change Clairton. Central to Trump's approval of the acquisition was Nippon Steel's promises to invest $11 billion into U.S. Steel's aging plants and to give the federal government a say in decisions involving domestic steel production, including plant closings. But much of the $2.2 billion that Nippon Steel has earmarked for the Mon Valley plants is expected to go toward upgrading the finishing mill, or building a new one. For years before the acquisition, U.S. Steel had signaled that the Mon Valley was on the chopping block. That left workers there uncertain whether they'd have jobs in a couple of years and whispering that U.S. Steel couldn't fill openings because nobody believed the jobs would exist much longer. In many ways, U.S. Steel's Mon Valley plants are relics of steelmaking's past. In the early 1970s, U.S. steel production led the world and was at an all-time high, thanks to 62 coke plants that fed 141 blast furnaces. Nobody in the U.S. has built a blast furnace since then, as foreign competition devastated the American steel industry and coal fell out of favor. Now, China is dominant in steel and heavily invested in coal-based steelmaking. In the U.S., there are barely a dozen coke plants and blast furnaces left, as the country's steelmaking has shifted to cheaper electric arc furnaces that use electricity, not coal. Blast furnaces won't entirely go away, analysts say, because they produce metals that are preferred by automakers, appliance makers and oil and gas exploration firms. Still, Christopher Briem, an economist at the University of Pittsburgh's Center for Social and Urban Research, questioned whether the Clairton plant really will survive much longer, given its age and condition. It could be particularly vulnerable if the economy slides into recession or the fundamentals of the American steel market shift, he said. 'I'm not quite sure it's all set in stone as people believe,' Briem said. 'If the market does not bode well for U.S. Steel, for American steel, is Nippon Steel really going to keep these things?' Levy writes for the Associated Press.

'It Might've Been A Spirit, But It Wasn't The Holy One,' Says Dave Ramsey As Couple Waits On God To Sell $60,000 In Crypto
'It Might've Been A Spirit, But It Wasn't The Holy One,' Says Dave Ramsey As Couple Waits On God To Sell $60,000 In Crypto

Yahoo

time15 hours ago

  • Yahoo

'It Might've Been A Spirit, But It Wasn't The Holy One,' Says Dave Ramsey As Couple Waits On God To Sell $60,000 In Crypto

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Arabella from Springfield, Missouri, told "The Ramsey Show" in April that she faced $60,000 in cryptocurrency, $14,000 in student loans and $37,000 in auto debt while preparing to close on her first home. The question she posed to financial coach Dave Ramsey was whether they should sell their crypto to pay off debt or wait for what they believed might be divine timing. Couple Questions Whether To Cash Out Arabella explained that their crypto portfolio once held an additional $30,000 in value, but it dropped after policy announcements from President Donald Trump. She and her husband wondered if holding the coins longer could restore their lost wealth. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — — no wallets, just price speculation and free paper trading to practice different strategies. "I wouldn't try to time the market with it," said co-host Jade Warshaw. "You guys are in debt today, and you're closing on the house really quickly. So, I would liquidate this crypto, and I would pay off this debt. I would do that instantly." Ramsey calls digital assets "one of the most volatile, high-risk investments on the planet." He warned that they're "not technically an investment — it's actually called speculation." Rolling The Dice On Crypto Arabella pushed back, saying their holdings were not meme coins, but Ramsey dismissed the difference. He cautioned that external events, such as tariffs or policy remarks, could sink their portfolio overnight. "And so what happens when Trump burps again? You're screwed," Ramsey said. "It's the roll of the dice. You're in Vegas, and your car payment is on the line." Trending: Kevin O'Leary Says Real Estate's Been a Smart Bet for 200 Years — He then reframed her thinking with a simple question: If she had no debt today, would she borrow against her car or take out credit cards to buy $60,000 worth of crypto? "Absolutely not," Arabella replied, "It's the same thing," Ramsey said. "If you don't sell it today, you'll borrow it again tomorrow." Spiritual Beliefs Collide With Financial Advice "We are Christian and we do not gamble," Arabella said, revealing another layer of her decision-making. "But we felt like God showed us these three specific coins that we're invested in. And we have just been waiting for the right time for him to show us when to sell, which is why we've been holding for five years through two bull runs." "Playing short-term games with money you don't have — because you're broke — please don't blame that on the Holy Spirit," Ramsey responded. "It might've been a spirit, but it wasn't the holy one." Read Next: Grow your IRA or 401(k) with Crypto – . Bill Gates Warned About Water Scarcity. Image: Shutterstock This article 'It Might've Been A Spirit, But It Wasn't The Holy One,' Says Dave Ramsey As Couple Waits On God To Sell $60,000 In Crypto originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment
Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

San Francisco Chronicle​

time18 hours ago

  • San Francisco Chronicle​

Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

HARRISBURG, Pa. (AP) — The fatal explosion last week at U.S. Steel's Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along with profits, share prices and steel prices — have been buoyed by years of friendly administrations in Washington that slapped tariffs on foreign imports and bolstered the industry's anti-competitive trade cases against China. Most recently, President Donald Trump's administration postponed new hazardous air pollution requirements for the nation's roughly dozen coke plants, like Clairton, and he approved U.S. Steel's nearly $15 billion acquisition by Japanese steelmaker Nippon Steel. Nippon Steel's promised infusion of cash has brought vows that steelmaking will continue in the Mon Valley, a river valley south of Pittsburgh long synonymous with steelmaking. 'We're investing money here. And we wouldn't have done the deal with Nippon Steel if we weren't absolutely sure that we were going to have an enduring future here in the Mon Valley," David Burritt, U.S. Steel's CEO, told a news conference the day after the explosion. 'You can count on this facility to be around for a long, long time.' Will the explosion change anything? The explosion killed two workers and hospitalized 10 with a blast so powerful that it took hours to find two missing workers beneath charred wreckage and rubble. The cause is under investigation. The plant is considered the largest coking operation in North America and, along with a blast furnace and finishing mill up the Monongahela River, is one of a handful of integrated steelmaking operations left in the U.S. The explosion now could test Nippon Steel's resolve in propping up the nearly 110-year-old Clairton plant, or at least force it to spend more than it had anticipated. Nippon Steel didn't respond to a question as to whether the explosion will change its approach to the plant. Rather, a spokesperson for the company said its 'commitment to the Mon Valley remains strong' and that it sent 'technical experts to work with the local teams in the Clairton Plant, and to provide our full support.' Meanwhile, Burritt said he had talked to top Nippon Steel officials after the explosion and that 'this facility and the Mon Valley are here to stay.' U.S. Steel officials maintain that safety is their top priority and that they spend $100 million a year on environmental compliance at Clairton alone. However, repairing Clairton could be expensive, an investigation into the explosion could turn up more problems, and an official from the United Steelworkers union said it's a constant struggle to get U.S. Steel to invest in its plants. Besides that, production at the facility could be affected for some time. The plant has six batteries of ovens and two — where the explosion occurred — were damaged. Two others are on a reduced production schedule because of the explosion. There is no timeline to get the damaged batteries running again, U.S. Steel said. Accidents are nothing new at Clairton Accidents are nothing new at Clairton, which heats coal to high temperatures to make coke, a key component in steelmaking, and produces combustible gases as byproducts. An explosion in February injured two workers. Even as Nippon Steel was closing the deal in June, a breakdown at the plant dealt three days of a rotten egg odor into the air around it from elevated hydrogen sulfide emissions, the environmental group GASP reported. The Breathe Project, a public health organization, said U.S. Steel has been forced to pay $57 million in fines and settlements since Jan. 1, 2020, for problems at the Clairton plant. A lawsuit over a Christmas Eve fire at the Clairton plant in 2018 that saturated the area's air for weeks with sulfur dioxide produced a withering assessment of conditions there. An engineer for the environmental groups that sued wrote that he 'found no indication that U.S. Steel has an effective, comprehensive maintenance program for the Clairton plant.' The Clairton plant, he wrote, is "inherently dangerous because of the combination of its deficient maintenance and its defective design." U.S. Steel settled, agreeing to spend millions on upgrades. Matthew Mehalik, executive director of the Breathe Project, said U.S. Steel has shown more willingness to spend money on fines, lobbying the government and buying back shares to reward shareholders than making its plants safe. Will Clairton be modernized? It's not clear whether Nippon Steel will change Clairton. Central to Trump's approval of the acquisition was Nippon Steel's promises to invest $11 billion into U.S. Steel's aging plants and to give the federal government a say in decisions involving domestic steel production, including plant closings. But much of the $2.2 billion that Nippon Steel has earmarked for the Mon Valley plants is expected to go toward upgrading the finishing mill, or building a new one. For years before the acquisition, U.S. Steel had signaled that the Mon Valley was on the chopping block. That left workers there uncertain whether they'd have jobs in a couple years and whispering that U.S. Steel couldn't fill openings because nobody believed the jobs would exist much longer. Relics of steelmaking's past In many ways, U.S. Steel's Mon Valley plants are relics of steelmaking's past. In the early 1970s, U.S. steel production led the world and was at an all-time high, thanks to 62 coke plants that fed 141 blast furnaces. Nobody in the U.S. has built a blast furnace since then, as foreign competition devastated the American steel industry and coal fell out of favor. Now, China is dominant in steel and heavily invested in coal-based steelmaking. In the U.S., there are barely a dozen coke plants and blast furnaces left, as the country's steelmaking has shifted to cheaper electric arc furnaces that use electricity, not coal. Blast furnaces won't entirely go away, analysts say, since they produce metals that are preferred by automakers, appliance makers and oil and gas exploration firms. Still, Christopher Briem, an economist at the University of Pittsburgh's Center for Social and Urban Research, questioned whether the Clairton plant really will survive much longer, given its age and condition. It could be particularly vulnerable if the economy slides into recession or the fundamentals of the American steel market shift, he said. 'I'm not quite sure it's all set in stone as people believe,' Briem said. 'If the market does not bode well for U.S. Steel, for American steel, is Nippon Steel really going to keep these things?'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store