March 15, 2025

economic development

Investment

Saudi Arabia to Prioritize Non-Oil Sectors in $1 Trillion Investment Plan

Saudi Arabia is set to direct to its oil industry a smaller portion of its $1-trillion strategic investments than previously estimated, Goldman Sachs said in a report this week.    The capex plan through 2030 of the world’s top crude oil exporter will see a “capex super-cycle” with $1 trillion worth of investments across six strategic

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Loans

Brightpoint wins $2.5M of Fort Wayne’s Legacy Fund to loan to small businesses | News

FORT WAYNE, Ind. (WFFT) — Fort Wayne City Council granted Brightpoint $2.5 million for its Small Business Loan Project Tuesday. That money will come out of the City’s Legacy Fund, which is meant to invest in transformational projects across the city. As of December 31, 2023, the account holds $36,674,431. The Legacy Joint Funding Committee originally

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Investment

NC lawmakers question their $500 million investment in a private nonprofit • NC Newsline

Members of the House Select Committee on Oversight and Reform on Tuesday grilled the president and CEO of NCInnovation, a private nonprofit that was awarded $500 million in the 2023 biennial state budget despite a widespread lack of understanding among lawmakers as to how the money would be used or how the projects would be

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Investment

Annapurna Finance secures $75m investment from Piramal Alternatives to boost microfinance

Piramal Alternatives, the fund management division of the Piramal Group, today announced a significant investment of $75m in Annapurna Finance Private Limited, a leading non-banking finance company focused on microfinance. The investment includes a mix of secondary share purchases and provision of Tier-2 capital, which will enable the company to continue its risk-adjusted growth strategy. Annapurna

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Finance

The Fedcap Group Releases First Half Fiscal Year 2024 Operating and Financial Results

Resilient Results Reflected Diversified Program and Revenue Sources Continued to Increase Number of Individuals Served New Program Launches and Strategic Acquisitions to Drive Future Growth Download Presentation Here NEW YORK, May 07, 2024–(BUSINESS WIRE)–The Fedcap Group announced its first half fiscal 2024 operational and financial results, ended March 31, 2024. Commenting on the results, Christine

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