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Exciting New Findings Highlight Summer Camps’ Role in the US Economy

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University of Michigan and the American Camp Association Identify the Positive Economic Impact of Summer Camps Nationwide

ANN ARBOR, Mich., June 3, 2024 /PRNewswire/ — Through innovative research conducted by the University of Michigan Economic Growth Institute (EGI) in collaboration with the American Camp Association (ACA), a new report identifies the camp industry composition and economic contribution across the United States at both national and state levels.

The U.S. youth camp industry contributes $70 billion to the national economy, accounting for the total value of the camp industry’s production and its ripple effects, which include business-to-business purchases and labor income, according to a study from the University of Michigan and ACA.

This figure represents the industry’s overall economic impact across the nation while also supporting more than 986,428 workers. The industry plays a key role in fostering youth development and workforce skills throughout the country.

“This project is the first national economic impact study for the industry conducted since 1982 and builds on state-level and regional economic impact analyses conducted over the last 15 years,” said Sarah Crane, director of research at U-M’s Economic Growth Institute, who conducted the study with EGI Research Project Manager Eli McClain.

The study, a collaborative effort between EGI and ACA, identified the youth camp industry’s total annual economic impact, with $23 billion in labor income attributed to a combination of direct, indirect, and induced impacts.

Direct impacts: These are the immediate economic contributions from the industry’s core operation. They include camp staff wages and the money spent to operate the camps.Indirect impacts: These effects come from camps buying goods and services from other businesses, which creates a spending chain that boosts economic activity across sectors.Induced impacts: This is the economic activity that occurs when employees from the camps and the businesses supplying them spend their wages, which further stimulates economic growth.

Crane and McClain to date have compiled an extensive dataset on day and overnight camp operations, encompassing more than 20,000 records and survey data from 1,137 camp operations. The comprehensive study enabled researchers to assess economic impacts both nationally and on a state-by-state basis. In Michigan, for example, the camp industry generates a total economic impact of $836 million, comprising $446 million in camp revenue and an additional $390 million through business-to-business and employee-related purchases.

ACA President and CEO Tom Rosenberg says the study “provides the camp industry a critical launching point for demonstrating its national presence as an important context for youth development, workforce development, and state and local economic impact.

“We have strong research supporting the developmental and social benefits of summer camp experiences for young people,” Rosenberg said. “This new view of camps across the U.S. suggests there are more camps — which means more opportunities for young people to attend camp — than we knew before. This study also elevates the unique nature of the camp workforce and the ways working at camp can provide critical workforce development skills for emerging adults. We are excited to use these findings to ensure every child, youth, and young adult has access to an impactful camp experience.”

Study: https://bit.ly/4bGGC3R

About American Camp Association:

The American Camp Association® (ACA) is a national organization serving the more than 20,000 year-round and summer camps in the US that annually serve 26 million campers. ACA is committed to collaborating with those who believe in quality camp and outdoor experiences for children, youth, and adults. ACA provides advocacy, evidence-based education, and professional development, and is the only independent national accrediting body for the organized camp experience. ACA accreditation provides public evidence of a camp’s voluntary commitment to the health, safety, risk management, and overall well-being of campers and staff. For more information, visit ACAcamps.org.

About U-M’s Economic Growth Institute:
The Economic Growth Institute (EGI) at the University of Michigan leverages resources and expertise to foster innovation, development, and positive economic impact for communities and businesses.

For nearly four decades, EGI has led programming and collaborated with federal, state, and local partners to support communities and industries. EGI provides resources and expertise to assist small- and medium-sized manufacturers through innovative programming and further supports communities through engagements that address regional economic impacts.

EGI’s research team has led numerous studies providing guidance to policymakers, industry leaders, and community champions. These studies have informed stakeholders as they navigate the changing landscape of innovation, workforce and economic development, and equitable growth.

Dedicated to equitable economic growth, the Economic Growth Institute operates under the Office of Government Relations at the University of Michigan, reflecting the institution’s commitment to impactful public service.

View original content to download multimedia:https://www.prnewswire.com/news-releases/exciting-new-findings-highlight-summer-camps-role-in-the-us-economy-302161356.html

SOURCE American Camp Association

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OneStream Announces Timing of its First Quarter 2025 Financial Results

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BIRMINGHAM, Mich., April 9, 2025 /PRNewswire/ — OneStream, Inc. (NASDAQ: OS), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions – including financial close, consolidation, reporting, planning and forecasting, will report financial results for its first quarter ended March 31, 2025, after the market close on Thursday, May 8, 2025. OneStream will host a conference call and webcast that day at 4:30 p.m. ET / 1:30 p.m. PT to discuss its financial results.

Event: OneStream’s First Quarter 2025 Financial Results Conference Call
Date and Time: Thursday, May 8, 2025 at 4:30 p.m. ET / 1:30 p.m. PT
Webcast Link: https://investor.onestream.com/
Replay: A webcast replay will be available on the Investors section of OneStream’s website following the call

About OneStream
OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,600 customers, including 17% of the Fortune 500, more than 300 go-to-market, implementation, and development partners and over 1,500 employees, our vision is to be the operating system for modern finance. To learn more, visit onestream.com.

INVESTOR CONTACT

Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com 

MEDIA CONTACT

Victoria Borges
VP, Communications
OneStream
media@onestreamsoftware.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/onestream-announces-timing-of-its-first-quarter-2025-financial-results-302425019.html

SOURCE OneStream, Inc.

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South Pole: New report reveals ‘financial cakeism’: financial institutions continue to decarbonise but will not reduce their exposure to fossil fuels

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LONDON, April 10, 2025 /PRNewswire/ — Financial institutions (FIs) worldwide are attempting to decarbonise, but are still reluctant to reduce their fossil fuel investments, according to a new report by South Pole, which surveyed sustainability executives from 350 financial sector firms across 13 countries.

Despite existing net zero guidance from the Glasgow Financial Alliance for Net Zero (GFANZ) and the Science Based Targets initiative (SBTi), the findings of South Pole’s 2024/25 Net Zero report indicate many FIs are taking selective steps towards decarbonisation.

The report reveals that nearly three-quarters (72%) of surveyed FIs have no intention of reducing their fossil fuel exposure over the next 10 years. Almost a third (27%) are choosing to make more conservative claims regarding their net zero strategy or green credentials. The report also highlights that 47% of financial institutions cite unclear regulation as a barrier to their net zero progress.

At the same time, almost half (44%) of FIs are planning to increase their exposure to green assets in the next 10 years, and nearly 80% of FIs find companies with a climate transition plan more attractive to finance. On top of this, the majority (88%) said they expect to “increase” their levels of engagement with their portfolio companies on decarbonisation in “the next two years”, with many (44%) saying they expect to increase this engagement “significantly”. The majority (86%) report to be on track or partially on track to meet net zero commitments.

Dr Daniel Klier, CEO of South Pole said: “The survey results demonstrate that financial institutions continue to back investments in green infrastructure and are willing to increase their exposure to climate-resilient assets and portfolio companies. However, it is also clear that the sector is no longer taking an active role in shifting the balance and will continue to finance fossil fuels. Financial institutions want to have their cake and eat it too.”

He added: “While the financiers surveyed continue to drive climate-related engagement with their clients, it also becomes clear that financial institutions have to walk a tightrope, balancing the long-term resilience and efficiency of their business against returns for investors in the short term. It is important to embrace the positive tipping points created by new, cleaner, and more competitive technologies; but the sector is running major transition and physical risks when it delays its response to obvious climate tipping points.”

Dame Inga Beale, South Pole’s Chair of the Board, commented: “Insurance companies have long been leaders in risk management, and the latest South Pole report shows how they are often ahead of other financial institutions in navigating the challenges of decarbonisation. Notably, the highest percentage of respondents enacting ‘more stringent decarbonisation requirements’ were from the insurance sector. This focus on sustainability is an essential risk mitigation strategy to hedge against climate-related impacts on insured assets. Those who proactively manage risk today will be better positioned for success tomorrow.”

REPORT LINK: https://www.southpole.com/publications/south-pole-net-zero-report-2025

About South Pole:

South Pole is the world’s leading carbon asset developer and climate consultancy. Now in its fourth year, South Pole’s latest Net Zero report provides insights into how financial institutions globally are progressing to net zero in 2025 and beyond. The sample of 350 financial institutions offers a valuable window into one of the most influential sectors for progressing the net zero transition.

View original content:https://www.prnewswire.co.uk/news-releases/south-pole-new-report-reveals-financial-cakeism-financial-institutions-continue-to-decarbonise-but-will-not-reduce-their-exposure-to-fossil-fuels-302425025.html

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‘Reef Builders’ Makes Waves with World Premiere Hosted by the SHEBA® Brand Ahead of Prime Video Launch

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Actor and environmental advocate Auli’i Cravalho welcomed guests to London’s Natural History Museum to honor the coastal communities behind one of the world’s largest* coral reef restoration programs

LONDON, April 10, 2025 /PRNewswire/ — Today, the SHEBA® brand, part of the Mars family of brands, announced the new documentary, “Reef Builders,” will be available to stream globally from Monday 14th April on Prime Video. The film saw its official World Premiere last night at an exclusive teal-carpet event hosted by the SHEBA® brand at The Natural History Museum in London.

 

The new documentary spotlights the inspiring stories of the people behind the Sheba Hope Grows™ program – part of one of the world’s largest* coral reef restoration programs led by Mars Sustainable Solutions (MSS) – and the vital role of ocean communities in the move to restore our planet’s coral.

The SHEBA® brand hosted the World Premiere for the film, with attendees including broadcaster and author Stacey Dooley, press, creators, and members of the film’s cast and crew, including actor, environmental advocate and associate producer, Auli’i Cravalho. Guests walked the teal carpet, a homage to the sweeping footage of underwater ocean scenes that can be seen in the documentary, and experienced the first official public screening of the film.

“Growing up in the islands of Hawaiʻi taught me just how lucky we are to live in harmony with our oceans. It’s easy for me to want to protect my own backyard, but this film allows audiences around the world to come together to learn about the vital importance of coral reef restoration. Being a small part of the solution makes me optimistic about the future of our oceans,” says Auli’i Cravalho, actor, environmental advocate and associate producer. “I’m thrilled to be here in London to present ‘Reef Builders’ to the world. The huge platform that Prime Video provides will allow those both near and far from the restoration conversation to have a front row seat not only to coral reef degradation and restoration, but also the profound impact on local coastal communities.”

Following the screening of the film, guests enjoyed a panel discussion featuring Auli’i, Victoria Noble, Executive Producer, Professor David Smith, Chief Marine Scientist, Mars Incorporated, and Senior Director, Mars Sustainable Solutions, Mindy Barry, Global Vice President, SHEBA® and Tamsin Raine, Co-Founder, Ocean Culture Life (OCL).

“The SHEBA brand is all about creating extraordinary experiences for cats and cat parents – from the products we make to telling extraordinary stories of hope,” said Mindy Barry, Global Vice President of Marketing, SHEBA Brand. “Since 2021, the Sheba Hope Grows™ program has supported coral reef restoration and the communities and partners who are leading this critical work around the world. The release of ‘Reef Builders’ marks a huge milestone for the program to share this incredible story of hope through the power of film, which enables audiences to immerse themselves in the rich stories of local communities, scientists, and reef builders. Our aspiration is for audiences to walk away feeling hopeful that there are solutions and to be inspired to take action themselves.”

The premiere event featured a brand-new immersive soundscape experience incorporating sounds recorded on a healthy coral reef. The 360 immersive audio-visual journey – brought to life by the Grammy and Emmy award-winning composer Emily Bear – surrounded guests with experiences of the reef, engaging both sight and sound.

The audience witnessed a conceptual coral reef transform before their eyes, as dynamic lighting shifted the atmosphere from dark and subdued, to vivid and lively. This showstopping experience underscored the urgent need to protect coral reefs. New research from the SHEBA® brand reveals a critical gap in public awareness about coral reefs – driven by limited education, media coverage and personal exposure. Most people (73%) underestimate how much of our coral reefs have been lost in the past 30 years (Wakefield Research survey, 2025). But in truth, in the period between 1957 and 2007, researchers found that the world’s coral reefs declined by over 50% (One Earth, 2021). 

“Sound can create intense emotion in humans, and in the case of coral reefs, it can be a sign of life. While drawing inspiration from marine scientists on this project, it was fascinating to learn that thriving coral reef ecosystems produce a symphony of sounds, such as popping, whooping, and crackling. It’s full of movement, rhythm, and harmony – something that holds true in music as well,” says composer Emily Bear. “Creating this soundscape was a unique opportunity to bring the ocean’s voice to an on-land audience. This experience helps really underscore the larger mission of the ‘Reef Builders’ film.”

Dive into the inspiring story of coral reef restoration – “Reef Builders” will be available to stream globally on Prime Video beginning Monday the 14th of April. Plus, for those in the U.S. and Canada, the SHEBA brand has partnered with Amazon on a Stream it Forward donation campaign. From April 14June 29, 2025, Amazon will donate $1 (USD) for every hour streamed in the U.S. (up to $100,000) to non-profit organization Kuleana Coral Restoration, the SHEBA brand partner helping to restore and protect Hawai`i’s coral reefs and native ecosystem. Similarly, from April 14-June 29, 2025, Amazon will donate $1CAD for every hour streamed in Canada (up to $30,000 CAD) to Corales de Paz, the SHEBA brand partner helping to restore and protect coral reefs in Colombia.

To learn more about the documentary and the Sheba Hope Grows™ program visit SHEBA.com/Sustainability and follow the brand on Instagram, TikTok and Facebook. 

About Mars, Incorporated  

Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As a $50bn+ family-owned business, our diverse and expanding portfolio of leading pet care products and veterinary services support pets all around the world and our quality snacking and food products delight millions of people every day. We produce some of the world’s best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, DOVE®, EXTRA®, M&M’s®, SNICKERS® and BEN’S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our 150,000 Associates to act every day to help create a better world for people, pets and the planet.   

For more information about Mars, please visit www.mars.com. Join us on Facebook, Instagram, LinkedIn and YouTube. 

*In terms of restoration sites and partners.

Photo: https://mma.prnewswire.com/media/2661556/SHEBA.jpg
Logo: https://mma.prnewswire.com/media/2636893/SHEBA_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/reef-builders-makes-waves-with-world-premiere-hosted-by-the-sheba-brand-ahead-of-prime-video-launch-302425051.html

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