Jefferson Community College gets $4 million grant for training center
Empire State Development announced on Tuesday that JCC will be getting $4 million towards its $13 million Next Move NY Vocational Training and Job Readiness Center. This facility will help increase offerings at the college for Fort Drum soldiers and spouses transitioning out of the military.
Fort Drum museum unveils exhibit showcasing WWII veteran's artwork
A second grant of $600,000 also awarded to Advocate Drum, the Fort Drum Regional Liaison Organization for Next Move NY Live, Love, Stay Program that will hopefully encourage people to stay in the north country and seek employment in their post-military careers.
ESD and the North Country Regional Economic Development Council are working hard to build a workforce pipeline for transitioning Fort Drum soldiers to New York's job market. These awards to JCC's Next Move NY Vocational Training and Job Readiness Facility and Advocate Drum's Next Move NY Live, Love, Stay Program will help keep veterans in New York State, fuel economic growth and open new opportunities in the region.
Empire State Development President, CEO and Commissioner Hope Knight
The vocational center would establish a hub for training and allow Jefferson CC to offer new, high-demand programming in engineering technology, mechatronics, advanced manufacturing and the skilled trades.
The renovated facility and investment will also enable JCC to develop educational programs in critical workforce and trade skills areas, addressing the needs of regional employers, while supporting transitioning military members and their families.
We are honored to receive this significant support through the Next Move NY initiative,' JCC President Dan Dupee said. 'This investment will allow us to establish a state-of-the-art Job Readiness Facility dedicated to supporting Fort Drum soldiers, veterans, and their families as they transition to civilian life.'
Dupee added, 'We are deeply grateful to Governor Hochul, the Governor's Office, and the North Country Regional Economic Development Council for this incredible opportunity and for selecting our proposal among so many strong submissions. This facility will not only strengthen our college but also bolster the regional workforce and create new pathways for success in high-demand careers.'
According to Empire State Development, the area is facing a severe shortage of workers and tapping into Fort Drum's 15,000 current active-duty service members could help deal with that shortfall.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
Gold Revaluation: Nuclear Option America Might Pull Again
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The U.S. is sitting on an enormous pile of gold, and pretending it's worth $11 billion. As America's debt explodes and credibility cracks, a century-old trick might be back on the table: reprice the gold, fix the balance sheet, and pray the world buys it. Why Would The US Revalue Its Gold? The U.S. gold reserve, the largest of its kind, has sat in the background of financial policy for a decade. Yet, as the budget deficit widens, a radical idea of revaluing this gold is starting to catch traction. The logic? Leverage what you already own. The U.S. Treasury claims to hold over 261 million troy ounces of gold at Fort Knox, West Point, and the Denver Mint, valued on the books at just $42.22 per ounce. The 1930s 'official' price implies a total gold reserve value of around $11 billion — barely a rounding error on the $34 trillion-plus national debt. Mark that same gold to the current market price at $3,300/oz, and suddenly it is worth over $861 billion. At $8,000? Try $2.1 trillion. And if you entertain the more aggressive estimates, things get wild. Crescat Capital strategist Tavi Costa explained the situation for Kitco. "Even marking to market where gold prices are currently, we're about 2% of those Treasuries outstanding. If we go back to the 40% [backing ratio seen during WWII], it's close to $55,000 an ounce." And the motivation? It's as old as debt itself: avoid default, buy time, and do it in a way that doesn't look like outright money printing. Revaluing gold offers a way to juice the federal balance sheet without raising taxes, slashing entitlements, or — God forbid — reducing spending. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Flashbacks From the Roosevelt Era In 1933, President Franklin D. Roosevelt pulled a monetary rabbit out of his hat. Faced with deflation, collapsing banks, and dwindling public confidence, Roosevelt invoked the Emergency Banking Act to issue Executive Order 6102. The order criminalized private gold ownership and compelled Americans to surrender their bullion at a fixed rate of $20.67 per ounce. Then, after the gold was safely in federal hands, the government revalued it to $35 per ounce, devaluing the dollar by nearly 70% in gold terms and instantly boosting the Treasury's balance sheet. It was a move of pure financial engineering. Through a single political maneuver, Washington recapitalized itself without raising taxes or issuing more debt. The playbook worked then, and in theory, it could work again. Revaluation today would look different. There's no gold recall coming. However, the motive would be consistent — to restore confidence, recapitalize a bloated balance sheet, and shift financial gravity back toward hard collateral. How Would the Revaluation Happen? You'd expect this kind of monetary ninjitsu to require Congressional action or an act of God, and you'd be wrong. The steps are technically simple and legally viable. A four-part maneuver could turn an $11 billion gold stash into a multi-trillion war chest, almost overnight: Redeem the Certificate: First, the Treasury buys back the $11 billion gold certificate sitting on the Fed's balance sheet. Easy enough. Reset the Price: The President issues an executive order to increase the statutory price of gold to, let's say, $8,000/oz. Sell at the New Price: The Treasury then "sells" its gold to the Federal Reserve at the new price, and receives $2.1 trillion in newly printed digital dollars in return. Run It Back: Then, in a sleight-of-hand move straight out of FDR's playbook, the Fed is forced by law to return the gold to the Treasury... in exchange for a new gold certificate. Critics could call it gimmickry. Supporters could call it an elegant balance sheet repair. And here's the kicker: because gold certificates aren't counted as debt, this maneuver shrinks the national debt on paper while handing the government a massive budget surplus. It's financial alchemy, but it's legal and it's been done before. Per Discovery Alert, Andrew Maguire, precious metals analyst at Kinesis Money, framed it this way: "Most likely, gold will rally to $8,000/oz to unwind decades of derivative positions and properly reflect expanded money supplies." And here's where Basel III comes in: under post-2008 reforms, monetary gold is now a Tier 1 asset, as good as cash on bank balance sheets. A revalued gold price wouldn't only help the Treasury but also significantly strengthen the banking sector's capital positions. The move would likely be couched as a "technical accounting update" rather than a monetary regime shift. But make no mistake: the effects would be global and for the Market A gold revaluation of this scale would be a financial earthquake. First, the gold price would likely spike. Not slowly. Not methodically. Think of a vertical takeoff. You don't reprice a Tier 1 sovereign asset by 10x without igniting a frenzy of front-running and sovereign copycats. The baseline projection — echoed by both institutional and independent analysts — falls in the $7,500 to $8,500 range. UBS's monetary expansion model pegs the fair value around $8,000. Discovery Alert cites similar levels to reach full Basel III compliance. However, the range between UBS and Andy Schectman of Miles Franklin is quite broad. "$142,000 an ounce is not a fantasy—it's a math-based outcome if you want gold to absorb current global debt imbalances," Schectman said in an interview on the Soar Financially YouTube channel. He admits this is the extreme end, but in a crisis moment, extreme often becomes the new baseline. Gold miners would go supernova, especially low-cost producers like Agnico Eagle Mines (NYSE:AEM) and Endeavour Mining (OTCQX:EDVMF). Capex spending would go ballistic. Every single hole in the ground that was once a mine would be on the menu. Drilling prices would rise as junior miners rush to explore their properties, raising cash at new, higher valuations right, left, and center. What about other assets? A gold revaluation would likely result in a relative decline in the purchasing power of fiat currencies. Inflation would re-accelerate, especially for commodities. Bond yields would pop unless yield curve control were reintroduced. The S&P 500? Mixed. Companies with pricing power and real assets would fare well. Overleveraged growth names? Not so much. Currency markets would become chaotic. A gold repricing would instantly signal dollar weakness, triggering safe-haven flows into non-U.S. currencies, gold-linked assets, and crypto. Expect EM central banks to respond quickly — China's PBOC already hoards gold, and a U.S. move would likely be mimicked to prevent FX imbalances. Could this really happen? Well, as Schectman says, "It's not about what they want to do — it's about what they'll be forced to do when the debt ceiling meets the credibility floor." And with debt-to-GDP ratios entering uncharted terrain, something will eventually have to give. As Tavi Costa points out, we've already drifted so far from monetary anchors that even a partial return to historic backing levels would represent an unprecedented revaluation. "Those are crazy numbers," he says. "And I'm not here to say those are price targets or anything like that, but I think that's important to put into perspective how much we've gone away from the anchor of owning an actual monetary metal." Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Gold Revaluation: Nuclear Option America Might Pull Again originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
4 days ago
- CBS News
Colorado Department of Transportation makes moves to sell historic Denver railyard, a potential new site for Broncos stadium
Burnham Yard is a historic railyard in Denver that was in operation for over a century. It shut down in 2016 and was purchased by the state in 2021. Now, the Colorado Department of Transportation is making moves to sell the property, which includes tearing down some buildings that some believe should be preserved. However, several piles of rubble are all that remain of several buildings within the old Burnham Yard following demolition over the weekend. "To move in for demolition without any engagement at all, especially with the local community, many of whose relatives would have worked on the site, is so disrespectful," said John Deffenbaugh is the president and CEO of Historic Denver. Deffenbaugh says the organization found those buildings to be of historical significance. "It tells a really unique and special story at a formulative time of the whole country in the aftermath of World War II." He tried to convince the state to preserve them, or at minimum come to a compromise. "Generally, when you work towards a compromise, where you end up isn't necessarily where you started," Deffenbaugh added. "They plowed ahead and reduced them to rubble." In a statement to CBS Colorado, the Colorado Transportation Investment Office, a division of CDOT said in part, "None of the buildings found to be historically eligible by the State Historic Preservation Office are a part of this cleanup effort, and we are committed to working through the historic eligibility process for those structures." And while there's no longer an old women's locker room for women hired to replace men who left to serve in WWII, along with other buildings with stories to tell, there is one important building left on site. "The locomotive shed that CDOT has resolved to keep, and we hope that remains and is integrated into whatever comes next for Burnham Yards." As far as what will become of the land, the Denver Broncos have reportedly been acquiring properties all around Burnham Yard. According to team president, Damani Leech, nothing has been decided on all the talks of a new stadium. But will they go on to purchase the old railyard and could this become the site for a new NFL stadium? It's certainly something to keep an eye on.
Wall Street Journal
26-07-2025
- Wall Street Journal
A Couple Works to Save Paul Revere's Company
A motorcycle accident led Mike O'Shaughnessy to a CEO job, love and a chance to save the company founded by Paul Revere. At Revere Copper Products, Mike met Amy, a Revere lifer, who, like him, was divorced with two children. Mike, 55, and Amy, 47, married in 2015.
