Negocios Now

negociosnow negociosnow www.negociosnow.com 6 Marzo 2015 Brian Morowczinski Martin Cabrera, CEO of Cabrera Capital Markets. Foto archivo MLA se destaca en la lucha contra la violencia doméstica. Mujeres Latinas en Accion Urges Governor Rauner to Restore Funding to Immigrant Services Cabrera Capital sells $604,260,000 of City of Dallas bonds Mujeres Latinas contra las tijeras de Rauner M ujeres Latinas en Accion criticó la decisión unilate- ral del gobernador Bruce Rauner, de recortar fondos para pro- gramas que afectan servicios para la comunidad inmigrante y, que entra- ron en efecto de manera inmediata. "Luego de comprometerse a apo- yar a la comunidad de inmigrantes, Rauner ha incumplido con su pala- bra, denuncia MLA en un comuni- cado. "Estos recortes representan un gigantesco impacto para familias de inmigrantes, mientras que solo sig- nifican un mínimo de ahorro para el Estado", agrega la nota. En una declaracion a Negocios Now, María Pesqueira, Presidenta de MLA, dijo que la decisión del Gobernador corta los servicios de programas de inmigrantes cuyo impacto será devastador en mujeres inmigrantes y sus familias y el efecto se sentirá en comunidades a lo largo de todo el estado. "Mujeres Latinas en Acción, en particular, enfrenta recortes para su Programa de Recursos para Fami- lias Inmigrantes que provee acceso a necesidades humanas básicas de servicios a sobrevivientes de violen- cia doméstica y asalto sexual, dijo Pesqueira. Bajo la Iniciativa de Nuevos Ame- ricanos (New Americans Initiative) MLA también asiste a mujeres lati- nas en su proceso hacia la ciuda- danía. "Invertir en las latinas es invertir en nuestras comunidades. Tenemos que unirnos y llamar al gobernador Rauner para que restaure los fondos inmediatamente", aseguró Pesquei- ra. Más en NegociosNow.com C abrera Capital Markets suc- cessfully completed a Book- Running Senior Managed transaction for the City of Dallas, Texas Waterworks and Sewer System Revenue Refunding Bonds, Series 2015 A&B. The issue was comprised of $453,630,000 tax exempt bonds and $150,630,000 taxable bonds for a total of over $604,000,000. "Cabrera Capital and our expe- rienced team are extremely excited and grateful about the successful bond sale on behalf of our client, the City of Dallas, during a week when the municipal market had its largest volume of 2015," said Martin Cabre- ra, Chairman and CEO of Cabrera Capital Markets, LLC. "This week's bond volume provides many options for buyers and at least some challenges, but Cabrera was able to successfully market the more than $600 million of bonds for the City." "Cabrera utilized our great rela- tionships with a wide range of buyers to achieve outstanding results for the City of Dallas during a week when the municipal market volume for 2015 peaked at over $12 billion," added Ricardo Villasenor, Managing Director-Head of Public Finance, Cabrera Capital Markets. Founded in 2001, Cabrera Capi- tal Markets is an investment bank and full-service institutional broke- rage firm with eight offices located in major financial centers across the United States. Cabrera Capital Mar- kets provides a range of financial services worldwide to a substantial and diversified client base, inclu- ding public and private pensions, financial institutions, unions, gover- nments, corporations, foundations and endowments. Our goal is to pro- vide our clients innovative ideas and implement cost effective solutions with excellence and integrity. M ujeres Latinas en Accion decries the Governor's unilateral decision to cut immigrant services programs effective immediately. The loss of this funding will have devastating effects for immigrant women and families the ripple effects of which will be felt in communities and economies throughout the state. After making a commitment to support the immigrant commu- nity, Governor Rauner has gone back on his word. These cuts represent a huge blow to immi- grant families, yet only represent a minimal savings to the State. The Immigrant Services Line Item represents only .01% of the total state budget and for every $1 invested into these services the state makes $5 in tax revenue. Furthermore, this unilateral fun- ding freeze came after the General Assembly took emergency action to address the budget shortfall for the remainder of the fiscal year – actions that specifically main- tained funding for immigrant ser- vices. Mujeres is just one of 61 com- munity organizations who rely on Immigrant Services Line Item funding to operate their programs. Without this funding Mujeres' ser- vices will be immediately affected in the following ways: immigrant Family resource program (iFrp) Immigrant Family Resource Program funding directly impacts survivors of domestic violence and sexual assault who will no longer receive culturally compe- tent economic case management services to access assistance for basic needs such as food, medi- cal care, rental assistance, utility payments and other immedia- te human needs. This program allows survivors to access the resources they need to gain eco- nomic independence in order to lead lives free of violence. For the remainder of FY15 (July 2014-June 2015), Mujeres now faces a deficit of $12,500 if we are to continue to provide the- se services. For the coming fiscal year we face a loss of $50,000 if funding is not restored. This fun- ding supports two staff positions, as well as $55,000 leveraged for needy families as a result of this state contract. Latina immigrant women face many more barriers to leaving violent relationships and requi- re culturally and linguistically appropriate services that will help them navigate systems to access the resources they need. Without access to this assistance, many survivors may return to their abu- sers due to financial dependen- cy. Last year, nearly 100 women received this service. new americans initiative The New Americans Initia- tive is a non-profit partnership between the State of Illinois and the Illinois Coalition for Immi- grant and Refugee Rights to help legal permanent residents (LPRs) through the process of becoming a U.S. citizen with free assistance. Last year, Mujeres alone rea- ched over 850 LPRs with targeted education and outreach. Full citizenship grants indivi- duals greater opportunities such as new employment opportuni- ties and higher earning power, voting rights, and increased civic participation. Additionally, many abusers use the threat of depor- tation as a method of continuing abusive relationships. Citizenship also provides greater access to resources for survivors of domes- tic violence and sexual assault. Beyond the benefit to our par- ticipants, increasing citizenship has definitive fiscal benefits for our state. Median earnings for naturalized citizens in our sta- te outpace those of noncitizens by as much as $20,000 per year. Increased earnings will lead to increased income tax revenue. Investing in Latinas is an inves- tment in our communities. Lati- nas are the fastest growing group of entrepreneurs in Illinois. In Illinois there are an estimated 23,900 Latina-owned firms gene- rating $7.1 billion in revenues. (Women's Business Development Center, 2014) Mujeres is experiencing a cut of $10,000 for the remainder of the current year and a total loss of $39,985 if funding is not resto- red in FY16 (July 2015-June 2016). This means approximately 220 LPRs who won't be reached bet- ween now and the end of June and 850 potential US citizens not reached next year if funding is not restored on Friday afternoon, april 3, the illinois department of human services suspended funding for immigrant services line item programs, including mujeres' programs, effective immediately. Mujeres is just one of 61 community organizations who rely on Immigrant Services Line Item funding to operate their programs.

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