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‘Baby bond’ legislation aims to address wealth gaps in Washington state

GeekWire

The program would allocate $4,000 into an investment pool for every child whose birth is funded by Apple Health, the state’s program for Medicaid recipients. In addition, 70% of African American babies and 79% of Hispanic, Native American and Hawaiian/Pacific Islander babies were born under the program.

.Net 95
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Jeff Bezos gives Obama Foundation $100M, names plaza in honor of late Congressman John Lewis

GeekWire

President Barack Obama in 2016. Amazon founder Jeff Bezos is giving $100 million to the Obama Foundation, the organization that’s building the former president’s library — called the Obama Presidential Center — and that has multiple programs supporting up-and-coming leaders worldwide. BigStock Photo).

.Net 111
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Progressive bridges skills gap with internal coding bootcamp

CIO Business Intelligence

After a friend in Progressive’s IT department suggested Hirz consider joining a programming bootcamp to make a bigger career change, Hirz was intrigued. But just a few months later, she received an email about the Progressive IT Programmer Bootcamp and that her role qualified her for the pilot program. Rosario Ceraolo. Progressive.

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Bezos’ Day 1 Families Fund awards $96M in grants to 32 organizations helping homeless families

GeekWire

A study spanning 2016-2020 found that chronic homelessness had increased at an annual rate of 27% statewide and 42% in Seattle-King County. While the homelessness-related fund has publicly issued four rounds of grants, little has been said about the schools program. million for Portland Homeless Family Solutions, Portland.

Nonprofit 106
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Jeff Bezos’ move out of Washington state sparks questions about wealth taxes

GeekWire

Washington state lawmakers recently passed a controversial 7% capital gains tax for gains of $250,000 and up to fund early-childhood education programs and school construction. With a net worth of $160 billion, Bezos would be impacted as a Washington state resident. Bezos has sold billions in Amazon stock over the past several years.

Study 140
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Vancouver, Wash. biotech company Absci files to go public

GeekWire

Eight of the programs are focused on developing cell lines, with one drug discovery program underway, a capability they developed in 2020 according to the filings. Net losses were $14.4 million Series A funding in April 2016. 2020 revenue was $4.7 million, up from $2 million for 2019. The company took in $1.1

Company 118
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Gates-led Breakthrough Energy Ventures raises another $1B for investing in climate innovation

GeekWire

Breakthrough Energy Ventures is led by Microsoft co-founder Bill Gates and publicly launched in December 2016. Last summer, Amazon unveiled its $2 billion Climate Pledge Fund, a venture capital program directed at sustainable technologies that could help it fulfill its promise to become net carbon neutral by 2040.

Energy 143