Case Study
Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College. This collaborative formed to stabilize and strengthen businesses and communities devastated by the economic crisis. DSEMC invests in small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities. As a member of this collaborative, Alabama State University will expand its work to provide more technical assistance, business support and procurement opportunities to local businesses. The ASU Small Business Development Center (SBDC) has helped to launch and support hundreds of small and minority-owned businesses and its involvement in DSEMC allows the SBDC to continue to build their capacity to support the growth and advancement of community businesses.
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Case Study
Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College. This collaborative formed to stabilize and strengthen businesses and communities devastated by the economic crisis. DSEMC invests in small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities. As a member of this collaborative, Alabama State University will expand its work to provide more technical assistance, business support and procurement opportunities to local businesses. The ASU Small Business Development Center (SBDC) has helped to launch and support hundreds of small and minority-owned businesses and its involvement in DSEMC allows the SBDC to continue to build their capacity to support the growth and advancement of community businesses.
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The university is working with energy storage firm Stem, Inc. to implement the company’s software-driven energy storage service to drive down energy costs across the university. “CSU Dominguez Hills is another example of a higher education leader who seeks Stem’s automated energy savings while also contributing to more intelligent grid solutions,” said John Carrington, CEO of Stem. “California’s universities and colleges want energy storage to help them control their energy choices, play a strong role in their community, and help transition the state to even higher amounts of renewable energy.”
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Clemson University has deployed a distributed energy storage system in an effort to reduce energy costs and to provide engineering students an opportunity to practice measuring and tracking energy savings. “Our distributed energy storage system is a natural extension of our core businesses in the buildings and battery markets and partnering with Clemson University allows us to help deliver the kind of smart and integrated energy management that will keep students and faculty comfortable while driving down utility costs,” said John Schaaf, vice president of distributed energy storage at Johnson Controls, in a prepared statement.
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“Hannon Armstrong joins ENGIE and Meridiam in the “Hawkeye Energy Collaborative,” which was awarded a $1 billion 50-year utility management concession contract in December 2019 and reached financial close on March 10, 2020. Hawkeye Energy Collaborative will support the University of Iowa’s energy, water, and sustainability goals for two campuses spanning 1,700 acres in Iowa City, Iowa. Under the agreement, ENGIE will operate, maintain, optimize, and improve the on-campus utility systems for the University. The scope includes providing heating, cooling, and electricity to the campuses through a dedicated network while also managing high-quality water, sanitary sewer and storm sewer services. Notably, the P3 will help the University of Iowa meet its zero-carbon energy transition objectives, becoming coal-free in energy production on campus by January 1, 2025, if not sooner.”
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Western Colorado University’s ICELab is a “community organization with a keen interest in mountain town sustainability and economic diversity in rural Western Colorado.” The lab provides startups and growing businesses affordable coworking/office space as well as an Incubator Program.
In addition to serving as a space for community engagement and business incubation, ICELab is a nonprofit intermediary in applying for and deploying Opportunity Zone Mini Grants from the Colorado Office of Economic Development and International Trade (OEDIT). Recently, OEDIT awarded ICELab with two grants on behalf of two private companies using Opportunity Zones for their community-oriented projects. One project is a sustainable hotel and the other a workforce housing development called Gunnison Rising sponsored by Williford LLC in the land use and affordable housing space.
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Established in 2014 by a three-year grant from the Ball Brothers Foundation, the Building Better Neighborhoods Initiative connects Ball State’s resources with neighborhood development efforts across Muncie and Delaware County through “collaborative immersive learning experiences with Ball State faculty, students, and neighborhood associations; leadership development workshops and annual conference for neighborhood association members; best practices and support for neighborhood associations; and networking and learning opportunities for neighborhood leaders.”