Latest news with #Multiplier
CBS News
02-05-2025
- Business
- CBS News
Kalamazoo County man plays "scratch-off roulette," wins $1 million jackpot
A Kalamazoo County man played "scratch-off roulette" and won a $1 million jackpot playing the Michigan Lottery's 50X instant game. The 59-year-old man, who wishes to remain anonymous, bought his winning ticket at Ziggy's, located at 5384 North Riverview Drive in Kalamazoo. "I play what I like to call 'scratch-off roulette,' where I buy a bunch of different scratch-off tickets and then scratch the barcodes and scan them to see if I won," said the lucky player. "When I scanned this 50X ticket, I got a message to contact the Lottery, so I scratched off the play area. "When I saw I matched number 1, I thought, 'A $1 million prize would be nice!' Then I scratched off the prize amount and was in shock when I saw I'd actually won $1 million! Winning is freeing, life-changing, and still setting in." The man elected to receive his winnings as a one-time lump sum payment of about $694,000. He plans to save his winnings so that his wife can retire early. "This lucky player cashed in on our 50X instant game, which is part of the Multiplier family of instant games. Instant game families are popular among our players and help drive sales and increase our contribution to the School Aid Fund," said Michigan Lottery Commissioner Suzanna Shkreli in a news release. "Congratulations to the player on his big win and to his wife on an early retirement!" Since the 50X instant game launched in February, players have won more than $16 million, according to the Michigan Lottery. Each $10 ticket gives players the chance to win prizes ranging from $10 up to $1 million. More than $45 million in prizes remain up for grabs, including a pair of $1 million top prizes.
Bloomberg
02-05-2025
- Business
- Bloomberg
Solar Pioneer Shah to Start Firm Advising Green Startups
Solar pioneer Jigar Shah, who recently stepped down from running the loan program office at the US Department of Energy under the Biden Administration, plans to launch a new advisory services firm called Multiplier aimed at helping green startup companies grow and sell themselves. Shah, a clean energy entrepreneur and investor, announced Tuesday at the BloombergNEF Summit in New York that he will be partnering with Jonathan Silver, who was an executive director for the loan program at the Energy Department under the Obama Administration.
Associated Press
04-04-2025
- Business
- Associated Press
First Federal Savings Bank Awards $27,500 in Funds to Habitat for Humanity Through FHLBank Indianapolis Grant Program
EVANSVILLE, Ind., April 04, 2025 (GLOBE NEWSWIRE) -- First Federal Savings Bank, a member bank of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded Habitat for Humanity $27,500 in grant funds through the Community Multiplier – Member Match Program. The $27,500 grant will support Habitat for Humanity's educational assistance programs for current and prospective homeowners. 'We are proud to partner with Habitat for Humanity in support of their educational assistance programs for current and prospective homeowners,' said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. 'Homeownership is a cornerstone of financial stability, and by investing in these programs, we are helping individuals and families build stronger, more secure futures. This partnership reflects our ongoing commitment to empowering communities through financial education and support.' Beth Folz, Executive Director of Habitat for Humanity of Evansville stated 'We were excited to hear from First Federal Savings Bank that we had been selected to receive this wonderful grant from the Community Multiplier program. We are thrilled for the future Habitat homeowners who will be impacted by the financial education programs that we can offer due to this tremendous support.' The Community Multiplier – Member Match program is FHLBank Indianapolis' newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis' other grant programs. Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025 with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted. You're Invited To celebrate this meaningful partnership, First Federal Savings Bank and Habitat for Humanity of Evansville will host a press conference and check presentation ceremony on Wednesday, April 9 at 3:30 PM CST at First Federal Savings Bank's corporate headquarters located at 5001 Davis Lant Drive Evansville, IN 47715. We invite the members of the media, community partners, and the public to join us as we present a $27,500 contribution in support of Habitat for Humanity's mission to provide educational assistance programs for current and prospective homeowners About First Federal Savings Bank Member FDIC Equal Housing Lender First Federal Savings Bank was established on Evansville, Indiana's Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County. Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities. FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members' customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.
