Month: April 2024

President Joe Biden marked Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities while visiting Prince William Forest Park in Virginia on Monday to mark Earth Day.

The White House also plans to also expand Biden’s New Deal-style American Climate Corps green jobs training program, saying that it hopes its ‘Solar for All’ grants will help more than 900,000 households in low-income and disadvantaged communities get solar power. It said solar power could save about $400 per household in electricity costs and prevent 30 million metric tons of carbon pollution over 25 years.

The grants are being awarded by the Environmental Protection Agency, which unveiled the 60 recipients on Monday. The White House said: “the selectees will provide funds to states, territories, tribes, municipalities, and nonprofits across the country to develop long-lasting solar programs that enable low-income and disadvantaged communities to deploy and benefit from distributed residential solar.”

2,000 jobs were revealed as ‘just the beginning’ of what is expected to be about 20,000 positions that will be available for young people to get involved in conservation, renewable energy and sustainable infrastructure to address climate change. The White House said: “These positions are hosted by hundreds of organizations advancing clean energy, conservation, and climate resilience. The website, which is launching in beta form, will be regularly updated with new American Climate Corps positions. Its goal is to make it easy for any American to find work tackling the climate crisis while gaining the skills necessary for the clean energy and climate resilience workforce of the future.”. According to the White House, the jobs on ClimateCorps.gov will be located in 36 states, Washington, D.C. and Puerto Rico.

Editorial credit: Dusan Petkovic / Shutterstock.com

Clothing retailer Express, the parent of the Bonbons and UpWest brands, announced on Monday that it has filed for Chapter 11 bankruptcy and will be closing 95 stores (including all of its UpWest stores) with closing sales spanning across more than 30 states and Washington, D.C. to begin on Tuesday. Express said its remaining stores will operate as usual during the mass closing.

The retailer – based in Columbus, Ohio, and founded in 1980, was a shopping mall staple; the company said it made the move to file for bankruptcy as a strategic move to sell most of its operations to investment group WHP Global, an indirect subsidiary of shopping outlet giant Simon Property Group. Express also announced that it received a non-binding letter of intent from a group led by consumer brand acquisition and management firm WHP Global to potentially purchase the majority of its stores and operations. Express said that it had filed for Chapter 11 protection “to facilitate the sale process” (per ABC NEWS).

According to Express’ website, the company operates about 530 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, in addition to roughly 60 Bonobos Guideshop locations as well as online operations for these brands.  Express reported nearly $1.2 billion in total debts and $1.3 billion in total assets as of March 2 in its Chapter 11 petition, which was filed in U.S. Bankruptcy Court for the District of Delaware.

Stewart Glendinning, CEO of Express, said in a statement: “We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations. We are taking an important step to strengthen our financial position and enable Express to continue advancing our business initiatives. WHP has been a strong partner to the company since 2023, and the proposed transaction will provide us additional financial resources, better position the business for profitable growth and maximize value for our stakeholders.”

Editorial credit: damann / Shutterstock.com