AEC Angels invests in Rhumbix and OpenSpace
Investor group draws from decades of first-hand AEC and technology experience New York, NY – AEC Angels, a venture capital fund focused on developing technologies in the architecture, engineering and construction sectors, has announced investments in Rhumbix and OpenSpace, two later-stage technology platforms for increasing efficiency and improving workflows. AEC Angels is a venture fund covering seed through Series B + investments. Members include Thornton Tomasetti, STO Building...
Senate Appropriations Committee Releases FY 2021 Funding Bills
The Senate Committee on Appropriations released all 12 of its fiscal year 2021 funding measures and subcommittee allocations on November 10: paving the way for negotiations to begin with the House of Representatives, which released a “minibus” of appropriations bills on July 31. Sen. Richard Shelby “By and large, these bills are the product of bipartisan cooperation among members of the committee. As negotiations with the House begin in earnest, I look forward … to resolve our differences in a...
DFI Educational Trust Announces the Establishment of the Goble Rausche Likins Scholarship Fund
Hawthorne, N.J.: The Deep Foundations Institute (DFI) Educational Trust, the charitable arm of DFI, announces the establishment of a new scholarship. The Goble Rausche Likins Scholarship Fund was established in October 2020 with a generous donation from GRL Engineers, Inc. (GRL) and Pile Dynamics, Inc. (PDI). The fund honors George G. Goble, Frank Rausche and Garland E. Likins, the founders of GRL Engineers, Inc. (GRL) and Pile Dynamics, Inc. (PDI). The fund provides At-Large Scholarships to...
Skanska is divesting its ownership in Elizabeth River Crossings in Virginia, USA, for USD 625M, about SEK 5.4 billion
Skanska has signed a binding Sale and Purchase Agreement (“SPA”) for its 50 percent ownership stake in Elizabeth River Crossings HoldCo LLC, (“ERC”) in Hampton Roads Metropolitan Area, Virginia, USA for gross sale proceeds of USD 625M (to be adjusted by transaction costs and other items), about SEK 5.4 billion. The buyer is Abertis, and Manulife Investment Management, on behalf of John Hancock Life Insurance Company (U.S.A.). The transaction will be recorded at closing under Central stream, whic...
Houston Natural Resources Receives Financing Commitment for It’s Second Wastewater Disposal Unit
Houston, Texas - HNR Oil Services LLC, a wholly owned subsidiary of Houston Natural Resources Inc., the wholly owned Operating company of Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) announced today that it has received a financing commitment for the purchase of its second saltwater disposal unit. In addition, the company has received a $1,000,000 commitment to fund its working capital requirement. The second unit will be installed at HNR Oil Services LLC YO Ranch Commer...
Smart Cities to Create Business Opportunities Worth $2.46 Trillion by 2025, says Frost & Sullivan
In observance of World Cities Day on October 31st, our experts reveal key findings on the smart city ecosystem SANTA CLARA, Calif. - The uncertain post-pandemic situation will compel smart cities to focus more on developing collaborative, data-driven infrastructure to provide appropriate healthcare facilities as well as public security services. They will create significant business opportunities with a market value of $2.46 trillion by 2025. For further information on this analysis, or to...
Gov. Justice awards over $1.6 million in Transportation Alternatives and Recreational Trails Program grants benefitting Metro Valley region
CHARLESTON, WV – Gov. Jim Justice awarded over $1.6 million in Transportation Alternatives and Recreational Trails Program grants today for a dozen projects in cities and towns all across West Virginia’s Metro Valley region. https://youtu.be/OPv3TWTR8ag “I’ve been excited to award a bunch of these grants over the past few days, and not just in Charleston, but all over the state,” Gov. Justice said. “We just got these grants in on Monday and I said let’s get these out the door right away, b...
USDOT Announces $291 Million in ‘State of Good Repair’ Grants to Improve the Reliability and Safety of America’s Rail Network
WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao today announced an investment of more than $291 million in grants for 11 intercity passenger rail projects in nine states through the Federal-State Partnership for State of Good Repair Program (Partnership Program). “This $291 million in federal grants will upgrade rail infrastructure and enhance railroad safety and reliability in communities across America,” said U.S. Transportation Secretary Elaine L. Chao. The Partnership Prog...
USDOT Announces $6.5 Million to Seven States and Pawnee Nation for Highway Innovations
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the latest recipients of federal funds to help enhance safety and rebuild infrastructure with cutting-edge innovations that can potentially be replicated nationwide. In this round of awards, Alabama, Idaho, Iowa, Maine, Massachusetts, Missouri, North Carolina, and the Pawnee Nation in Oklahoma will receive a combined $6.5 million. “These federal grants will advance innovative transportat...
Minnesota Gov. Tim Walz signs $1.9 billion public works bill
Gov. Tim Walz signed a $1.9 billion public works infrastructure package into law Wednesday, touting the jobs it will add as a growing number of Minnesotans have given up on looking for work amid the pandemic. “The ability to create jobs, get them in the pipeline and be able to build is going to be absolutely critical for keeping these folks employed and keeping the state moving forward,” Walz said as he signed the bill at the Ironworkers Union Local 512 training center in St. Paul. The mea...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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