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NYC to remove Bain Center jail barge in South Bronx, replace it with marine freight terminal

NYC to remove Bain Center jail barge in South Bronx, replace it with marine freight terminal

Yahoo5 hours ago

Mayor Adams announced Monday the shuttered Vernon C. Bain Center jail barge in the South Bronx will be removed with the location being converted to a terminal for off-loading freight from cargo ships.
The removal of the massive 800-bed barge will make away for a new Hunts Point Marine Terminal, said Adams, who announced the move with Andrew Kimball, president of the city Economic Development Corp. The terminal will act as a transfer point to other transportation modes for deliveries across the city.
The Bain Center, which was brought to the city in 1992 to help alleviate jail overcrowding, was decommissioned and ceased being used as a jail in 2023. As part of the current plan, EDC will ask for proposals from companies which can undertake the project of moving the barge. The future use of the barge, if any, remained unclear Monday.
'Today, we are adding yet another stop to that harbor by clearing away the old jail barge in the Bronx and building a new Hunts Point Marine Terminal in its place,' Adams said. 'We'll unload cargo from all across the world for delivery throughout New York City, put even more New Yorkers to work in vibrant industries, and continue to show that cities can do bold, ambitious things.'
City Hall estimated the new terminal would create 400 construction jobs, 100 permanent jobs, and generate $3.9 billion in economic impact over the next 30 years. It would also removed an estimate 9,000 monthly truck trips from the city streets thus reducing congestion, the officials said. The site is adjacent to the massive Fulton Fish Market Cooperative, a crossroads for the city's food distribution.
The city is also investing more than $28 million to extent bike paths along the area's waterfront, officials said.
Added Kimball, 'The Hunts Point Marine Terminal will advance a robust and sustainable food distribution supply chain and deliver on critical commitments, including in our 'Hunts Point Forward' plan and as part of our Harbor of the Future.'
Officials said the city has been trying to increase the use of its waterways to transport goods. The measures also include $18 million to upgrade port operations at the 122-acre Brooklyn Marine Terminal and a federal grant of $164 million to modernize that terminal.
The intended removal of the Bain Center also earned plaudits from jail advocacy groups. Stanley Richards, president and CEO of the Fortune Society, called it a landmark moment.
'Dismantling the jail barge is not only about reducing jail capacity — it's about healing a painful legacy and advancing environmental justice for neighborhoods that have long borne the brunt of carceral infrastructure,' Richards said.

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NYC to remove Bain Center jail barge in South Bronx, replace it with marine freight terminal
NYC to remove Bain Center jail barge in South Bronx, replace it with marine freight terminal

Yahoo

time5 hours ago

  • Yahoo

NYC to remove Bain Center jail barge in South Bronx, replace it with marine freight terminal

Mayor Adams announced Monday the shuttered Vernon C. Bain Center jail barge in the South Bronx will be removed with the location being converted to a terminal for off-loading freight from cargo ships. The removal of the massive 800-bed barge will make away for a new Hunts Point Marine Terminal, said Adams, who announced the move with Andrew Kimball, president of the city Economic Development Corp. The terminal will act as a transfer point to other transportation modes for deliveries across the city. The Bain Center, which was brought to the city in 1992 to help alleviate jail overcrowding, was decommissioned and ceased being used as a jail in 2023. As part of the current plan, EDC will ask for proposals from companies which can undertake the project of moving the barge. The future use of the barge, if any, remained unclear Monday. 'Today, we are adding yet another stop to that harbor by clearing away the old jail barge in the Bronx and building a new Hunts Point Marine Terminal in its place,' Adams said. 'We'll unload cargo from all across the world for delivery throughout New York City, put even more New Yorkers to work in vibrant industries, and continue to show that cities can do bold, ambitious things.' City Hall estimated the new terminal would create 400 construction jobs, 100 permanent jobs, and generate $3.9 billion in economic impact over the next 30 years. It would also removed an estimate 9,000 monthly truck trips from the city streets thus reducing congestion, the officials said. The site is adjacent to the massive Fulton Fish Market Cooperative, a crossroads for the city's food distribution. The city is also investing more than $28 million to extent bike paths along the area's waterfront, officials said. Added Kimball, 'The Hunts Point Marine Terminal will advance a robust and sustainable food distribution supply chain and deliver on critical commitments, including in our 'Hunts Point Forward' plan and as part of our Harbor of the Future.' Officials said the city has been trying to increase the use of its waterways to transport goods. The measures also include $18 million to upgrade port operations at the 122-acre Brooklyn Marine Terminal and a federal grant of $164 million to modernize that terminal. The intended removal of the Bain Center also earned plaudits from jail advocacy groups. Stanley Richards, president and CEO of the Fortune Society, called it a landmark moment. 'Dismantling the jail barge is not only about reducing jail capacity — it's about healing a painful legacy and advancing environmental justice for neighborhoods that have long borne the brunt of carceral infrastructure,' Richards said.

EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities
EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities

Yahoo

time5 hours ago

  • Yahoo

EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities

Canada's export credit agency releases its 2024 business results and ESG performance reports OTTAWA, ON, June 9, 2025 /CNW/ - Today, Export Development Canada (EDC) released its 2024 Integrated Annual Report, highlighting how the organization helped its customers grow their business beyond Canada to seize the vast trade opportunities that await them in the global marketplace. The report is complemented by additional environmental, social and governance (ESG) disclosures: 2024 Climate-Related Disclosure, and the 2024 Sustainable Bond Impact Report. In 2024, exporters faced a complex and rapidly evolving economic environment. During this period, EDC expanded its presence in key Indo-Pacific markets to support the trade diversification of Canadian exporters. EDC invested in medium-sized Canadian exporters, sharpening its focus on priority sectors, and maintained a strong commitment to sustainable and responsible business practices. "In 2024, global economic softness weighed on Canadian exporters. Slow domestic growth, higher-for-longer interest rates and slowing labour markets strained the economic outlook in many countries," said Alison Nankivell, EDC's President and CEO. "Those challenges, coupled with new market uncertainties towards the end of the year, have energized our customers to transition from continental to global traders as we strive to make it easier for them to secure new international business opportunities. This renewed interest in trade diversification and EDC's solutions have increased since the start of this year given the evolving nature of U.S. trade policies, and we're stepping up to support them." In 2024, EDC supported more than 27,800 customers with financial and knowledge solutions, with the vast majority being small and medium-sized businesses. We facilitated a total of $123.4 billion in exports, foreign investment and trade development activities, including $23.4 billion in business in emerging markets. This support contributed to over 475,800 domestic jobs and helped to generate $87 billion of Canada's GDP. "During an uncertain economic environment, we strategically deployed capital and took on risk to help more Canadian companies reach global markets—and we are continuing to do so in response to the current climate," said Scott Moore, EDC's Executive Vice-President and Chief Financial Officer. "We're motivated by findings that Canadian companies supported by EDC generate 23% more revenues, employ 16% more workers and are 6% more productive, according to our latest study with Statistics Canada." In 2024, EDC's net income increased to $915 million from $450 million in 2023. This was driven by higher net revenue, combined with unrealized gains on financial instruments carried at fair value. Our growing presence in the Indo-Pacific In 2024, EDC added three new representations in the Indo-Pacific, increasing the total number of representations to 11 in the region, including its Singapore branch. EDC opened representations in Ho Chi Minh City, Vietnam, Manila, Philippines, and most recently, Bangkok, Thailand (in 2025) to offer in-market support to attract more Canadian companies to the booming region and help them navigate local market complexities. EDC supported 1,529 customers and facilitated $13 billion in business volumes in the Indo-Pacific region in 2024. It also signed memorandums of understanding with several export credit agencies and market leaders to enable strong market access for Canadian exporters. Our support for Canada's medium-sized exporters and key sectors In 2024, we continued our strategic objective to support the international growth of Canada's medium-sized companies. In 2024, we served 1,175 medium-sized Canadian companies across our financial solutions. EDC is focusing on Canadian sectors that provide net-new growth for Canada, namely agri-food, critical minerals, the energy transition, advanced manufacturing and digital industries. Its goal is to highlight Canada's strengths on the global stage and improve trade competitiveness. For example, in the agri-food sector, EDC served 3,201 customers throughout the year, facilitating $21.7 billion in business. As a leading financier of Canada's cleantech industry, EDC served 500 cleantech customers in 2024, enabling $9.7 billion in business facilitated. Our commitment to responsible business Throughout the year, EDC maintained its commitment to responsible business. In 2024, we issued our sixth green bond valued at US$ 1 billion, helping to further attract capital for climate-focused investment and support for projects that generate positive environmental outcomes. Additionally, we deployed $1.3 billion in financing for 56 renewable energy projects. Through our inclusive trade efforts, we offered targeted support for Canadian companies owned by members of equity-seeking groups, focusing on companies owned by women and Indigenous people. This effort served 3,816 financial and non-financial customers and facilitated $2.5 billion in business and trade activities. For more information, read the 2024 Integrated Annual Report and the suite of supplemental ESG reports. About EDC Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit SOURCE Export Development Canada View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

'Musk Must Fall': Nationwide Protest to Take Place on Elon Musk's Birthday
'Musk Must Fall': Nationwide Protest to Take Place on Elon Musk's Birthday

Newsweek

time6 hours ago

  • Newsweek

'Musk Must Fall': Nationwide Protest to Take Place on Elon Musk's Birthday

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Mass protests across the country are being scheduled for Tesla CEO Elon Musk's birthday on June 28, led by the Tesla Takedown movement. Despite no longer being part of the government, Musk's Department of Government Efficiency (DOGE) policies and his continued impact as a private citizen are still being felt across the country, from mass governmental layoffs to his involvement in running companies with large government contracts. The "Musk Must Fall" protests are planned for cities across the country, including in "red" states of Texas, Missouri, Georgia, and Ohio, with the Tesla Takedown team saying: "And our birthday gift to the Broligarch in Chief? A global party with one powerful message: Musk Must Fall." Tesla has been contacted via email for comment. New Yorkers gathered outside the Tesla dealership in the Meat Packing district in Manhattan to protest against Elon Musk and his actions with DOGE, 3/29/25. New Yorkers gathered outside the Tesla dealership in the Meat Packing district in Manhattan to protest against Elon Musk and his actions with DOGE, 3/29/25. Andrea Renault/STAR MAX/IPx Why It Matters Musk retains a lot of power over global politics as he is capable of endless donations to political parties and aiding in message amplification as the owner of X (formerly Twitter). According to public polls, he was an unpopular member of the Trump administration and, since leaving, has been in a public feud with President Donald Trump. Despite some political commentators recommending that Democrats try to win Musk and his billions over to their side, these protests show that Musk is still a deeply unpopular figure in American politics. What To Know Tesla Takedown protest in New York, March 29, 2025. Tesla Takedown protest in New York, March 29, 2025. Andrea Renault/STAR MAX/IPx Protests are planned for June 28 in 15 states: Virginia, California, Washington, Florida, Colorado, New Mexico, Nevada, Georgia, Maryland, Minnesota, Oregon, Texas, Idaho, Ohio, Missouri, as well as the District of Columbia. There are also protests planned overseas in the UK. These protests come amid a social media spat between President Trump and Musk. Musk has accused Trump of not being able to win the election without him, and Trump has threatened to pull government money for Musk's companies, such as SpaceX and Starlink. The Tesla Takedown team disputes the idea that Musk is no longer part of the current administration, saying: "Elon is still deeply tied to the Trump regime, still fueling conspiracies and fascist rhetoric, and still using his immense wealth to warp government policy and buy elections around the globe." These protests have been occurring outside of Tesla showrooms since Trump was inaugurated on January 20. Tesla Takedown is a non-violent movement and is not related to incidents in the U.S. where some Tesla cars and dealerships have been vandalized. The Trump administration has said that Tesla vandalism is "domestic terrorism," and the FBI has launched a task force to target attacks on Teslas and their dealerships. What People Are Saying Tesla Takedown: "On June 28—Elon's birthday—let's celebrate everything we've achieved and recommit to the long fight still ahead." An FBI spokesperson told Newsweek for a previous article: "The FBI is committed to protecting the U.S. from many threats including terrorism, violent crime, drug trafficking, and cyberattacks. We will continue to work closely with our law enforcement partners here in the U.S. and internationally to detect and counter potential dangers. All our work is focused on providing safer communities for our citizens every day." What Happens Next The protests will take place on June 28. Other anti-Trump protests are planned for June 14, Trump's birthday.

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