Management Presentation September 14, 2022, at 12:00 p.m. EDT

HENDERSON, Nev., September 08, 2022--(BUSINESS WIRE)--Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services and integrated payment processing, today announced that Jeff Baker, Chief Financial Officer, will be making a presentation and hosting one-on-one meetings with investors at the H.C. Wainwright 24th Annual Global Investment Conference at the Lotte New York Palace in New York, New York, September 12-14, 2022.

Presentation Time: Wednesday, September 14, at 12:00 p.m. EDT

The Paysign investor presentation deck may also be viewed on their investor resources page beginning Monday, September 12, at 12:00 p.m. EDT. Registered investors can visit the event website to schedule a one-on-one meeting with Paysign executive management.

Forward-Looking Statements

Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and the company intends that such forward-looking statements be subject to the safe harbor created thereby. All statements, other than statements of fact included in this release are forward-looking statements. Such forward-looking statements include, among others, that our unrestricted cash, anticipated revenues and profits will be sufficient to sustain operations for the next 12 months; that the expected total revenue, gross profit margins, operating expenses, depreciation and amortization, stock-based compensation, adjusted EBITDA, plasma revenues and pharma revenues for 2022 meet our expectations; that the company will continue to post year-over-year operating improvements; that the companys growth prospects in plasma, pharma, and other prepaid business materialize; and that the company will continue to be affected by COVID-19-related labor shortages and Mexican nationals not being able to donate plasma while visiting the U.S. on a tourist visa. We caution that these statements are qualified by important risks, uncertainties and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, the inability to continue our current growth rate in future periods; that a downturn in the economy, including as a result of COVID-19 and variants, as well as further government stimulus measures, could reduce our customer base and demand for our products and services, which could have an adverse effect on our business, financial condition, profitability and cash flows; operating in a highly regulated environment; failure by us or business partners to comply with applicable laws and regulations; changes in the laws, regulations, credit card association rules, or other industry standards affecting our business; that a data security breach could expose us to liability and protracted and costly litigation; and other risk factors set forth in our Form 10-K for the year ended December 31, 2021. Except to the extent required by federal securities laws, the company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Story continues

About Paysign

Paysign, Inc. is a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers and government institutions. Incorporated in 1995 and headquartered in southern Nevada, the company creates customized, innovative payment solutions for clients across all industries, including pharmaceutical, healthcare, hospitality, and retail. Built on the foundation of a reliable payments platform, Paysigns end-to-end technologies securely enable digital payout solutions and facilitate the distribution of funds for donor compensation, copay assistance, customer incentives, employee rewards, travel expenses, per diem, reimbursements, rebates, and countless other exchanges of value. Paysigns solutions lower costs, streamline operations and improve customer, employee and partner loyalty. To learn more, visit paysign.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220908006114/en/

Contacts

Paysign Investor Relations 888.522.4810ir@paysign.com paysign.com/investors

Paysign Media Relations Alicia Ches, Director of Marketing702.749.7257pr@paysign.com

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Paysign, Inc. to Participate in the H.C. Wainwright 24th Annual Global Investment Conference - Yahoo Finance

Danny Cortenraede has started five companies, from a digital media agency to global soccer community 433. He has plenty of lived experience as an entrepreneur, but he also spent time speaking to peers.

We did a lot of interviews with all kinds of founders, and nine of the 10 times the CEO was responsible for raising that capital, Cortenraede said. And he's responsible for business development. So what does that mean? He cannot spend time on his business.

That was the core revelation that spurred this weeks launch of Venturerocks $75 million sports tech fund that seeks to fund and guide startups from the beginning to their Series A round.

We are not a typical VC, Cortenraede said. We are really a partner for startups, in helping scaling their company.

The concept is to invest, on average, $3-4 million per startup, but do so in phases as the company meets designated KPIs or other milestones. His co-founder in the fund is Bob van Oosterhout, a seasoned sports marketing executive, and one of the general partners in Venturerock is Marc Wesselink, who previously was a key member in the development of the Startup Bootcamp accelerator.

There are so many great founders, super smart people. For example, they have very technical backgrounds, but for us, that's super interesting. Because we see that opportunity, we can help a person like that. And together, we can scale up company, because the founder doesn't have to worry about the cash.

Together, they devised a comprehensive program72 steps across four phasesto help founders grow their companies. While accelerators have a proven track record, these 10-week programs are just a crash course.

We thought, OK, why are we doing this in this way? Cortenraede said. We need to be there for the whole journey.

Venturerock previously launched a fintech version of this concept, and its 12 portfolio companies have an aggregate value of $130 million after two and a half years.

Aiding the growth of the sports companies is the available industry network. Cortenraedes prior companies did extensive work with Disney, Nike, Adidas, Puma, Budweiser and athletes such as Cristiano Ronaldo.

Royal Antwerp manager Mark van Bommel, who as a player starred for the likes of AC Milan and Bayern Munich, invested $1.5 million into the Venturerock sports tech fund. When the Venturerock team held an introductory call with a startup doing video analysis, Bommel joined in and invited one of his video analysts to join, too, for a deep insider perspective.

Venturerock is soliciting a wide array of ideas, from fan engagement to esports and wearables to smart stadiums. He said the sports fund made its first investment recently in an esports company and is expected to invest in 15 startups in total. But we dont want to rush it, he added.

Cortenraede began his career in the corporate world, specializing in telecom at Vodafone, Sony and T-Mobile. In addition to his entrepreneurial experience, he has been investing in startups for years, having founded DC Venture Capital Partners, an independent private equity firm, and InStudio Ventures, which invests in media, tech and sports. He is also one of the co-hosts of Unicorn Hunters, the unscripted Amazon Prime series that also features Apple co-founder Steve Wozniak and NSYNC singer Lance Bass.

There are so many great founders, super smart people, he said. For example, they have very technical backgrounds, but for us, that's super interesting. Because we see that opportunity, we can help a person like that. And together, we can scale up company, because the founder doesn't have to worry about the cash.

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Inside Venturerock's $75 Million Sports Tech Venture Investment Company, Including How They Plan to Guide Startups to Scaleups - SportTechie

NEW YORK--(BUSINESS WIRE)--CAIS, the leading alternative investment platform for independent financial advisors, today announced its selection by Mariner Wealth Advisors, a privately held advisory firm with over $60 billion in assets under advisement, to provide a customized platform solution for the firms rapidly growing network of advisors. CAIS will offer access to a broad menu of alternative investment funds and products, as well as educational resources, end-to-end digitized transaction processing, and third-party reporting integrations.

We are pleased to have selected a partner that shares our commitment to empower the independent wealth management community, said Marty Bicknell, President and CEO of Mariner Wealth Advisors. At a time when alternative investments are a main event, CAIS technology and team will provide our rapidly growing advisor base, and their clients, with a true competitive advantage.

The collaboration between Mariner Wealth Advisors and CAIS integrates CAISs platform into the firms existing wealthtech ecosystem, creating a customized and seamless pre-trade, trade, and post-trade alternative investing experience. The firms advisors will receive access to a curated menu of diversified alternative investment products across asset classes and qualification levels including private equity, private real estate, private credit, venture capital, and hedge funds. CAIS will also assist in the launch of proprietary funds and multi-manager funds managed by Mariner Wealth Advisors, while also enabling the firm to add their own sourced third-party funds to the platform for centralized monitoring, transacting, and reporting.

This important partnership with Mariner Wealth Advisors ensures that their financial advisors have the necessary tools to meet client demand for alternative investments, while improving operational efficiency, said Matt Brown, Founder and CEO at CAIS. Our unwavering focus on powering RIAs and IBDs has allowed us to understand their unique needs and, in turn, design the best solutions, Brown continued.

With 69% of financial professionals citing a lack of educational resources as a barrier to private markets investing, Mariner Wealth Advisors wealth teams will also benefit from CAIS IQ, a proprietary alternative investment education platform that helps advisors learn faster and retain information longer. CAIS IQ also allows home office professionals to monitor financial advisors learning progress across foundational, asset-class themed and fund-specific courses, some of which are available for CE credits.

Bicknell is one of many wealth management leaders speaking at CAISs inaugural Alternative Investment Summit, a three-day thought leadership event taking place October 17-19 at the Beverly Hilton in Los Angeles, California. To learn more about the CAIS Alternative Investment Summit and apply to join us, click here.

About CAIS

CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also offers custom solutions for advisors seeking to create custom fund vehicles around ideas they source.

CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer's independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 6,600+ unique advisor firms/teams who oversee more than $2.5T+ in network assets. Since its inception, CAIS has facilitated over $18B+ in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco. For more information about CAIS, please visit http://www.caisgroup.com.

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

About Mariner Wealth Advisors

At Mariner Wealth Advisors, we provide 360 advice designed to last. We focus on one thingpartnering with clients to create a financial strategy for today and beyond thats flexible enough to change along with them. The ultimate goal? Helping clients identify what is important so they can achieve their goalswere committed to being here for everything life brings their way. Weve built our firm around what our clients need. We began by offering wealth planning resources and then added services from tax planning to insurance all under one roof. We believe this integrated approach to wealth management helps simplify our clients lives. Founded in 2006 with $300 million in assets under advisement, Mariner Wealth Advisors and its affiliates now advise on over $60 billion in assets.

As of 6/30/22

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Mariner Wealth Advisors Selects CAIS to Scale Alternative Investment Capabilities - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Varsity Healthcare Partners (VHP, Varsity or the Firm), a lower middle market healthcare services private equity investment firm, today announced several recent and significant senior additions to its investment and operating teams, effective immediately.

With respect to the VHP investment team, Varsity announced that Merrick Axel has joined the firm in the role of Partner, following a 16-year tenure at Cressey & Company, where he was a Partner and member of the Investment Committee, jointly leading Cressey & Companys successful investment efforts across many healthcare services segments. Mr. Axel will join Varsitys Investment Committee and lead the Firms new Chicago office, for which it is actively recruiting investment professionals.

Additionally, with respect to the VHP Operating team, Varsity announced three recent senior hires, who will add immediate, necessary capacity while also deepening VHPs financial operational and data science capabilities: (a) Rosemary Free, who joins VHP in the role of Operating Partner, Financial Operations, following her recent tenure as CFO of Vision Innovation Partners and prior thereto serving as Partner in Ernst & Youngs Healthcare Transaction Advisory Services practices, where she lead the Northeast Region, advising private equity and corporate clients on a variety of operational, restructuring, and sell/buy-side engagements, (b) Jay McKnight, who joins the Firm in the role of Operating Partner, Financial Operations, following a successful tenure at Diversicare Healthcare Services, a leading national skilled nursing and post-acute services organization, where he recently served as CEO, overseeing 61 nursing centers with 7,250 licensed beds and supported Diversicares 4,800 employees nationwide; and (c) Robert McElherne, who joins VHP in the role of Operating Partner, Data Scientist, following his most recent tenure at Humana, where he served most recently as Technical Product Leader, supporting enterprise data science needs of Humanas Medicare and Medicaid managed care products, and prior thereto served as Manager, Provider Analytics, within Humanas Physician Performance Insights group.

Our mission, going back to the founding of VHP, has always been to strive for the very best investment performance and create the very best organization in our category, said David Alpern, Founding and Managing Partner at Varsity Healthcare Partners. These highly impactful additions will accelerate our efforts towards achieving that mission, while adding immediate and necessary resources, raising the talent level, and enhancing our culture with like-minded, proven leaders.

Kenton Rosenberry, Founding Partner, added, We welcome Merrick, a longtime friend of the firm and an accomplished healthcare investor and leader, along with Rosemary, Jay, and Robert to the VHP ranks and look forward to the impact they will have on our organization and investments.

ABOUT VARSITY HEALTHCARE PARTNERS

Varsity Healthcare Partners (VHP) is a leading lower middle-market healthcare services private equity investment firm, targeting exclusively multi-site healthcare provider platforms or businesses providing outsourced services, technology, or tools to healthcare providers and/or payers. VHPs tactical investment strategy emphasizes identifying and transacting with growth-seeking, provider-owned or founder-owned companies, leveraging VHPs developed buy and build playbook to drive significant operational, managerial enhancement early in the life of each platform investment, followed by a well-resourced aggressive and multidimensional growth plan. VHPs unique tactical investment playbook and strong track record is complimented by VHPs distinct organizational culture, emphasizing highly collaborative engagement, strong professional accountability, and a commitment to excellence in work product and team performance.

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Varsity Healthcare Partners Announces New Senior Additions to Investment, Operating Teams; Merrick Axel Joins VHP as Partner, Head of Chicago Office -...

Over 13 years of making deals on ABC's "Shark Tank," Kevin O'Leary says he's noticed a common thread among the companies that have brought him the best investment returns.

They're mostly owned or run by women.

"This is real data: 75% of my returns have come from companies run by women," O'Leary tells CNBC Make It. The trend runs across every industry and business sector, he adds not just the ones traditionally viewed as women-friendly.

After more than three decades in total as an investor, O'Leary says there's no secret formula to predict which investments will reap huge returns, and which ones will disappoint. He notes that on "Shark Tank," every investor has "had catastrophic losers I mean, where we lose millions and we've had euphoric monster hits."

Still, O'Leary says he's had "more hits than losers" and sorting through his hits reveals the common theme of women-led companies.

One of his best known "Shark Tank" deals, for example, is his $75,000 investment in Boston-based baked goods company Wicked Good Cupcakes. At the time of the 2013 episode's taping, the company had $150,000 in total sales. That number grew to $10 million within three years, according to an on-air update in 2016.

Other successful deals include O'Leary's investments in cat DNA testing company Basepaws, run by founder and CEO Anna Skaya, and a photo-printing app subscription service called Groovebook run by Julie and Brian Whiteman, a husband-and-wife team.

Groovebook in particular goes down as one of O'Leary's best-ever "Shark Tank" investments, the investor told CNBC Make It in 2018: Less than a year after O'Leary invested $75,000 into the company, it sold to Shutterfly for $14.5 million.

"I don't want to start gender warfare," O'Leary says, adding that he cares mostly about who can get him the biggest return on his investment. "I'd give my money to a goat if I think it can get a return."

Still, he offers up a few thoughts on why women-led companies have been his most successful investments so far:

Women founders often have a harder time raising money to fund their businesses than men do. Female founders received only about 2% of total venture capital money allotted in 2021, according to Pitchbook.

But O'Leary says female entrepreneurs especially those with kids tend to be better listeners, an important quality for serving customers and managing employees. He also says women founders typically set more realistic financial goals for their companies, compared to their male counterparts.

"What I've found was that [women] would set sales targets 30% lower than comparable sales targets from companies run by men," O'Leary says. "I call that testosterone bravado."

Male founders he's worked with set higher sales targets, but only hit those targets 65% of the time, whereas women founders typically hit their more realistic targets 95% of the time, O'Leary says. Failing to meet those targets even if they were unrealistic to begin with can frustrate investors and employees alike, threatening to kill a young company's momentum.

Founders who are mothers have to be great at multi-tasking, O'Leary says. They're also thoughtful about how they use their employees' time, which can create goodwill that helps ensure low turnover, he adds.

Studies do show that mothers are typically forced to multitask more than fathers, with one 2013 study in the BMC Psychology journal finding that women are actually better at the skill than men. Similarly, a 2019 survey of 57,483 workers from HR platform Peakon found that employees at women-led companies were more likely to be engaged and enthusiastic about their work.

"When you go back and look at staff turnover, they had none," O'Leary says of some of his woman-led investments. "They create this really sticky environment where your head of accounting, or your head of logistics or compliance ... they don't leave."

Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

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Kevin O'Leary on being dyslexic, where he got his financial chops and why he isn't really that mean

Mark Cuban says this was his worst 'Shark Tank' investment ever: 'Next thing you know, all of the money's gone'

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Kevin OLeary on his best Shark Tank investments ever: 75% of my returns have come from companies run by women - CNBC

Raj Dhamodharan Mastercards Global Head of crypto and blockchain believes that digital currencies pose no threat at all. Moreover, he classified them as probably the most mature investment asset.

The payment services giant Mastercard is among the companies seeking to dive deeper into the digital asset universe. Throughout the past several months, the firm has launched numerous initiatives to promote the industry and introduce crypto-related opportunities to its customers. Last October, it permitted all banks on its network to provide bitcoin services.

The man spearheading Mastercards crypto efforts is Raj Dhamodharan. In a recent interview, he doubled down on his companys bullish stance, saying digital assets should not be considered a threat. Investors protection is highly important, and Mastercard is always looking for providing choice in a safe and simple manner, he assured.

Dhamodharan went further, arguing that cryptocurrencies nature is unique as it is a package of multiple technologies. From an investors point of view, it is probably the most mature investment asset, he opined.

Touching upon bitcoin, the executive claimed that it is not just a currency but much more:

Bitcoin is not just about the currency. Its also about the chain. Its also about the cryptology behind it and the decentralization and all that.

Dhamodharan also spoke highly of non-fungible tokens, describing them as a great invention. He ranked them as the next mature investment asset class after cryptocurrencies:

The next thing to come out after these asset classes in the space is NFT. NFT is a great invention, and it is being applied to art at the moment. For creators, it opens up opportunities for them to sell their creations in unprecedented ways.

In January, the payment services provider collaborated with Coinbase to promote the NFT sector. The exchange raised hopes that the partnership will unlock new ways for users to purchase digital collectibles using their Mastercard cards:

Thanks to our work with Mastercard, well be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercards scale and global network.

Earlier this month, the fintech corporation teamed up with Nexo to introduce the first cryptocurrency card in Europe that enables clients to spend without selling their holdings.

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

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Crypto is Probably the Most Mature Investment Asset, Says Mastercard Exec - CryptoPotato

Located in Virginia's Fairfax County near TSA's new headquarters, Kingstowne Towne Center is surrounded by 5,200 homes, four commercial office buildings, and a planned multifamily development, and is part of a one million-square-foot regional retail node that attracts approximately 8.3 million visits annuallyamongst the most visited retail destinations in Virginia.

The combined property is 97% leased and features a diversified tenant lineup that includes grocery anchors Safeway and Giant, national retailers T.J. Maxx, Ross and HomeGoods, and fast-casual concepts &pizza and Cava, among others. Federal Realty anticipates increasing the asset's valueover time through remerchandising and incremental capital investment. Kingstowne Towne Center is comparable to other large, market-dominant Federal Realty assets such as the double grocery-anchored center, Barracks Road.

"Kingstowne Towne Center has afforded us a rare opportunity to own 45 acres of land in one of the country's most desirable markets," said Jeff Berkes, President and Chief Operating Officer for Federal Realty. "The large property, which boasts attractive demographics and significant barriers to entry, is a valuable addition to our expanding Northern Virginia portfolio and further demonstrates our corporate commitment to investing in value-enhancing acquisitions."

The Kingstowne acquisition is the latest addition to Federal Realty's growing investment in its Northern Virginia portfolio which includes the recent acquisitions of Twinbrooke Shopping Centrein Fairfax and Chesterbrook in McLean and the recent renovation of Birch & Broadin Falls Church. With the addition of Kingstowne Towne Center, Federal Realty owns and operates over 4million square feet of real estate in Virginia.

AboutFederal RealtyFederal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include approximately 3,100 tenants in 25 million square feet, and approximately 3,400 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit http://www.federalrealty.com.

Investor Inquiries: Leah Andress Brady Vice President, Investor Relations 301.998.8265 [emailprotected]

Media Inquiries: Brenda Pomar Director, Corporate Communications 301.998.8316 [emailprotected]

SOURCE Federal Realty Investment Trust

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Federal Realty Investment Trust Announces Acquisition of Kingstowne Towne Center in Northern Virginia - PR Newswire

US Transportation Secretary Pete Buttigieg and Rep. Cindy Axne (D-Iowa) held a press conference Thursday to discuss the bipartisan Infrastructure Investment and Jobs Act, what it has done for Iowaand other rural areasand what it will do in the future.

Highlighting the potential for new opportunities such as expanded partnerships at airports, job creation, and how Iowas infrastructure could be made safer and more effective, Axne celebrated the bill.

All told, this law includes more than 375 programs that rural communities across the third districts are eligible for and its expected to invest more than $5 billion in Iowa, Axne said. Our rural areas are going to benefit tremendously from this and thats why Im so excited about this law.

The bill became law in November 2021. It passed with the only Iowa support coming from Axne and Sen. Chuck Grassley, while Iowas other four federal legislators voted against the legislation.

Axne said investment in good infrastructure can mean the difference in a long commute filled with detours, or a more direct, safer route. Same goes for the roads that ship Iowas goods.

Over the next five years, Iowa will receive the money for federal and non-federal highways, as well as bridges, trails, airports, water lines and support for electric vehicles.

The money is being distributed to states, who are then able to direct the money toward project priorities. For example, which roads and bridges will come first.

Ill tell you from our departments perspective, weve got a lot of focus on safety, Buttigieg said. When you have these bridges, for example, in need of repair, a lot of projects will, I think, make their way to the top of the list for that reason.

He also said economic strength should be another indicator, both in terms of construction job creation and long-term effects for the states economy, such as shipping goods out.

The point of this is to benefit communities, Buttigieg said. You cut through the politics and its about making sure we actually get things done.

Earlier this month, the White House released a playbook which provides a guide to rural communities for when, where and how to apply for funds. The playbook also has a guide for the types of projects that qualify for the funding.

In January, Axne announced funding for repairs to structurally deficient bridges. In December 2021, funding for roads and bridges also came out. As did funding for airports across the state and for water infrastructure such as replacing lead pipes.

The Iowa Department of Transportation in January also approved changes to its 2022-26 Iowa Transportation Improvement Program that are possible because of the Infrastructure Investment and Jobs Act.

Those include 14 additional pavement rehabilitation or replacement projects and four safety projects.

In all, the bipartisan Infrastructure Investment and Jobs Act is meant to provide for high-speed internet, improving rural transportation, fixing roads and bridges, funding rural water projects, upgrading electricity infrastructure, and improving resiliency against climate change-fueled natural disasters.

It will make the difference in so many communities to ensure they have success, Axne said. This is vital to the growth of rural Iowa and urban Iowa. Normally we would fall on the back end of getting as much infrastructure funding, but with a windfall like this its going to take us a long way.

Nikoel Hytrek4/21/22

Iowa Starting Line is part of an independent news network and focuses on how state and national decisions impact Iowans daily lives. We rely on your financial support to keep our stories free for all to read. You can contribute to us here. Also follow us on Facebook and Twitter.

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Axne And Buttigieg Highlight Infrastructure Bill's Investment In Rural Iowa - Iowa Starting Line

CHARLESTON, W.Va. Today, U.S. Senators Shelley Moore Capito (R-W.Va.) U.S. and Joe Manchin (D-WV), and Representative David McKinley (R-W.Va.-01) announced $14,100,280 from the bipartisan Infrastructure Investment and Jobs Act (IIJA) through the U.S. Department of Agriculture (USDA) for twelve West Virginia projects. This funding will bolster flood protection, upgrade dam infrastructure and protect water quality across the state.

As ranking member of the Senate Environment and Public Works Committee, I advocated to make improving water quality for West Virginians a priority in the bipartisan Infrastructure Investment and Jobs Act, Senator Capito said. This funding will not only go toward key projects across West Virginia to ensure a safe water supply, but also to upgrade watershed and flood control structures in communities that need it most. West Virginia continues to benefit from the bipartisan infrastructure bill, and Im proud to make another announcement that will help improve our cities and towns today.

In order to ensure all West Virginians have reliable access to clean water, we must continually update and improve our water infrastructure throughout the state, Senator Manchin said. I successfully fought to include funding for water infrastructure upgrades across West Virginia in our bipartisan Infrastructure Investment and Jobs Act, and I am pleased USDA is investing more than $14 million for twelve West Virginia watersheds to ensure proper water quality, improve dams and strengthen flood prevention in our communities. As a member of the Senate Appropriations Committee, I will continue to advocate for funding to address the infrastructure needs of the Mountain State.

Flooding has devastated countless communities across West Virginia, not only impacting residents who live in flood prone areas, but also limiting the potential for economic development. Businesses are not likely to come to a region that experiences significant flooding, plain and simple, Representative McKinley said. That is why this announcement of $14 million from the infrastructure bill to kickstart flood prevention and water protection projects is so important for West Virginia. This funding will support a dozen projects, including the Elk Creek Watershed flood control project in Harrison County and will provide enhanced flood protections for the New Creek dam in Mineral County. Upgrading flood protection and dam infrastructure will restore confidence in these communities, attracting businesses and good jobs, ensuring a better quality of life for the people of this state.

In March of this year, the lawmakers announced $6.3 million from the bipartisan IIJA through the USDA for 22 West Virginia watersheds and flood protection sites.

Individual projects listed below:

# # #

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Capito, Manchin, McKinley Announce More Than $14 Million from Bipartisan Infrastructure Investment and Jobs Act for West Virginia Watersheds - Shelley...

FOR IMMEDIATE RELEASE

April 20, 2022

Contact: Press@michigan.gov

Gov. Whitmer Calls for Federal Investment to Protect 600 Jobs, Lower Energy Costs, Shore up Michigans Energy Needs

New Civil Nuclear Credit program could help Palisades facility in Covert Township stay open

LANSING, Mich. Governor Gretchen Whitmer today sent a letter to the U.S. Department of Energy after they published guidance on the first round of funding for the Civil Nuclear Credit (CNC) program. The governor urged the deployment of federal resources from the CNC to keep Palisades, a nuclear energy facility in Covert Township, open. The Southwest Michigan plant employs 600 Michiganders in good-paying jobs, is critical to the regional economy, and provides over 800 megawatts of clean energyenough to power around 800,000 Michigan homes.

Keeping Palisades open is a top priority, said Governor Gretchen Whitmer. Doing so will allow us to shore up Michigans energy supply to prevent price spikes on working families and small businesses, make Michigan more competitive for economic development projects bringing billions in investment, protect hundreds of good-paying jobs for Michiganders, and meet our climate goals. My administration will support an application for funding from this new federal program to keep Palisades open, and I urge the companies involved to think creatively and optimistically about how to leverage this opportunity. Together, we can protect 600 high-paying careers, support over 1,100 jobs in the area, and shore up $363 million in annual, regional economic development. Getting this done will help us continue growing our economy, lowering energy costs for families, and boosting clean energy production in Michigan, which is critical to achieving energy independence.

The full letter is available here:

Palisades

Palisades is a nuclear energy facility in Covert Township with a license to operate until 2031. Its currently owned by Entergy and the power is purchased by Consumers Energy. Palisades provides over 800 megawatts of clean energy to Michiganenough to power 800,000 Michigan homes. This is a union facility supporting 600 employees making an average of $117,845. Palisades is currently in the process of being decommissioned with a shutdown date of May 31, 2022, when its current fuel supply runs out. After shutdown, the plant is set to be sold to Holtec Decommissioning International with a closing date of no later than June 30, 2022.

Civil Nuclear Credit Program

The bipartisan Infrastructure Investment and Jobs Act (IIJA) included $6 billion for the CNC to prevent the premature retirement of existing nuclear plants. The program is available for plants that would otherwise retire and are certified as safe to continue operations. The State of Michigan has had numerous conversations with the U.S. Department of Energy, Nuclear Regulatory Commission, Entergy, Holtec, potential owners, operators, and power purchasers, and the plants employees on how to utilize the CNC to prevent Palisades from early closure, protect 600 jobs, and shore up Michigans clean energy supply.

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Whitmer Calls for Federal Investment to Protect Jobs and Shore up Energy Needs - Michigan (.gov)