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New York City: Headquarters: 42 Broadway, Manhattan, New York City, U.S. Motto: To protect and enhance the daily economic lives of New Yorkers to create thriving communities. Employees: 407 (2020) Annual budget: $46.3 million (FY 2022) Department executive
Debt traps, suicides and group pressure. In 2008, economist Jonathan Morduch of New York University noted there were still major gaps in research on microcredit, such as on debt traps and the use of microcredits for consumption. There has been much criticism of the high interest rates charged to borrowers.
History NXIVM founder Keith Raniere. Before founding NXIVM, Raniere created Consumers Buyline, a business venture that the New York Attorney General accused of having been a pyramid scheme; Raniere signed a consent order in 1996 in which he denied any wrongdoing but agreed to pay a $40,000 fine and to be permanently banned from "promoting, offering or granting participation in a chain ...
The Upper Manhattan Empowerment Zone Development Corp., also referred to as UMEZ, is a non-profit organization that seeks to revitalize economically deprived communities by using public funds and tax incentives as catalysts for private investment. UMEZ’s mission is to sustain the economic revitalization of all communities of Upper Manhattan ...
Operation HOPE, Inc., is an American non-profit organization providing financial literacy empowerment and economic education to youth and adults. The mission of this organization is providing everybody with enterprise work and the programs carried out by Operation HOPE, Inc. Andrew Young is the global spokesman of the organization and John Hope Bryant is the chairman.
The OMNY system is designed by Cubic Transportation Systems, using technology licensed from Transport for London 's Oyster card. The system accepts payments through contactless bank cards and mobile payments as well as physical OMNY cards. OMNY began its public rollout in May 2019, with the first readers installed at select subway stations and ...
The MinKwon Center for Community Action is a nonprofit organization that serves the needs of the Korean American community in New York City. First established as YKASEC in 1984, the MinKwon Center is based in Flushing, Queens, which has a large Korean population. MinKwon focuses in particular on reaching marginalized community members, such as ...
Empowerment is the degree of autonomy and self-determination in people and in communities. This enables them to represent their interests in a responsible and self-determined way, acting on their own authority. It is the process of becoming stronger and more confident, especially in controlling one's life and claiming one's rights.