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Early Results of Rooted School Foundation’s “The $50 Study” Include Promising Findings

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3 months ago

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The $50 Study is a first of its kind study to measure the impact of direct, unconditional, cash transfers on teens. Results and findings from cohort I of a multi-year Randomized Controlled Trial show that students who receive direct cash transfers experience improved school attendance, reading level and financial capability. 

NEW ORLEANS, Aug. 12, 2024 /PRNewswire/ — Rooted School Foundation is excited to share preliminary findings and results from “The $50 Study”, an innovative guaranteed income program aimed at high school students in New Orleans and Indianapolis. Since its inception in 2020, The $50 Study has reached over 400 students, making it one of the largest studies of its kind globally. From 2022-2024, Rooted School Foundation (RSF) facilitated a Randomized Controlled Trial (RCT) in which two cohorts of students received $50/week for 40 weeks. The results from the first cohort offer a promising outlook on the ways guaranteed income can impact high school students.

Treatment group reading scores grew 0.5 years vs 0.25 for control group in same period, showing greater improvement.

Cohort I Key Findings

The first cohort included 156 students from Rooted School New Orleans and Rooted School Indianapolis; 82 students were in the treatment group receiving $50/week for 40 weeks during the 2022-2023 school year. The remaining students were in the control group and did not receive the cash transfers. Preliminary results from of the study, compiled by the Center for Guaranteed Income Research and the University of Tennessee-Knoxville, are directionally promising as they suggest that direct cash transfers impact students’ lives in the following ways:

Students in the treatment group missed two fewer days of school (over a semester) compared to those in the control group. As students are required to be present a specific number of days for both grade promotion and graduation, the impact of decreased absenteeism can have a significant impact on students’ educational outcomes.Lexile (reading) score levels grew more for students in the treatment group (0.5 years growth) compared to those in the control group (0.25 years growth) over the same time period. Reading level is a key indicator of educational success, both in high school and after graduation.Students in the treatment group improved their knowledge and habits related to managing money. While financial literacy was not explicitly taught to students in the treatment group, the findings from survey responses suggest that students’ who receive the cash transfers deepen their financial capability.Transaction data shows that students predominantly used the money for basic needs such as food and transportation. Approximately 47% of money transferred to students in cohort I was still in bank accounts at the end of the study, suggesting that students are also intentionally saving their money.

“When young people have access to money – and the stress relief inherent within that access – transformative outcomes are possible. These outcomes transcend credit attainment, Lexile growth, and excellent attendance numbers… This transcendence means actively walking the path to financial freedom every day.” – Kaitlin Karpinski, Rooted School New Orleans Executive Director and School Leader

Impact on The Field
While many guaranteed income pilots and studies explore and highlight the positive impacts of guaranteed income for adults, minimal research has been done to understand the implications of direct cash transfers on youth, specifically through the lens of academic outcomes. This study starts to fill that gap, showing that small cash transfers can improve school performance, increase financial capability, and improve well-being. RSF is in the final months of cohort II of the RCT (230 students total; 91 in treatment), and will have results from both cohorts available in 2025.

“We know that the odds for upward economic mobility are increasingly stacked against young people, particularly those from lower income backgrounds and marginalized identities. This study, the first ever conducted with high schoolers, shows that when young people are trusted and supported with unconditional cash, they invest in their futures – improving their reading ability, class attendance, and capacity to manage money. Expanding The $50 Study will not only lead to improved outcomes for more students, but will also further the research base for the impact of these programs” – Dr. Stacia West, Co-Founder, Center for Guaranteed Income Research, University of Pennsylvania; Associate Professor, University of Tennessee

The $50 Study Expansion Plans
Building on the success of the RCT, RSF is preparing to launch “The $50 Study: Long Term Impacts of Unconditional Cash for High School Students” in partnership with The City of New Orleans’ Office of Economic Development. This RCT study will include 1,600 New Orleans public high school seniors; 800 students will receive $50/week for 40 weeks. Students will continue to be enrolled in the study for an additional 46 months after the transfers end to further understand the impact of the cash transfers on long-term outcomes, such as college enrollment and persistence.

RSF has invited all open enrollment charter high schools in Orleans Parish to participate in the expanded $50 Study. The following schools have opted-in to participate: Rooted School New Orleans, New Harmony High School, Sophie B. Wright High School, InspireNOLA Schools: Edna Karr High School, McDonough 35 College Preparatory High School and Eleanor McMain Secondary School, Collegiate Academies Schools: Abramson Sci Academy, G.W. Carver High School and Livingston Collegiate Academy, and EQA Schools: The NET: Central City, The NET: East, and The NET: Gentilly. RSF will keep the invitation to participation open until September 1, 2024.

“The Office of Economic Development is thrilled to be an investor in ‘The $50 Study,'” said Jeff Schwartz, Director of Economic Development at the City of New Orleans. “This unique guaranteed income study enrolling public high school students will produce results that will inform policy and programming as we all work toward a more equitable and inclusive city. This study meets students where they are and provides opportunities for economic mobility that will surely create lasting impacts for individuals and in the larger community.” – Jeffery E. Schwartz, Director of Economic Development, City of New Orleans

“With The $50 Study, we’re charting new territory in youth economic empowerment and education. Our initial observations are intriguing, showing potential in areas like school engagement and financial capability. However, we’re cautious about drawing broad conclusions at this early stage. What’s clear is that this approach warrants further exploration. As we expand the study, we hope to gain deeper insights that could inform future educational strategies and economic policies for young people.” – Jonathan Johnson, Founder and CEO of Rooted School Foundation, who is also an Advisor with the Guaranteed Income & Health Consortium at Johns Hopkins Bloomberg School of Public Health

Support for The $50 Study
Individuals and organizations interested in investment or involvement in The $50 Study can connect with the team by emailing youthcashtransfer@rootedschool.org, listening to participant stories on The Rooted Cash Podcast, or donating to the program here.

View original content to download multimedia:https://www.prnewswire.com/news-releases/early-results-of-rooted-school-foundations-the-50-study-include-promising-findings-302217009.html

SOURCE Rooted School Foundation

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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9 minutes ago

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November 16, 2024

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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SOURCE NORCK INC – NORCK GMBH; NORCK INC – NORCK GMBH

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Intercos Korea Inc. Press Release

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November 16, 2024

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MILAN, Nov. 16, 2024 /PRNewswire/ — Intercos Korea Inc. wishes to provide its position regarding certain information circulated in relation to the lawsuit started in 2019 that was initiated against two former employees of Kolmar Korea, subsequently employed by Intercos Korea Inc. .

The investigation that led to these proceedings concerned actions taken by the two former employees independently when they were not yet employed by Intercos Korea Inc.. Intercos Korea Inc. inevitably became part of the proceedings solely because it was the employer at the time the investigation commenced, despite having taken immediate actions to dissociate the company from these employees’ misbehaviour.

As a result of the conviction of the two former employees, the Court of Appeal—having reviewed the case twice—deemed it appropriate to reduce the fine to Intercos Korea to approximately €3.600 (5 million KRW), thus rendering it a purely symbolic sanction.

Intercos Group has always attached great importance to business ethics as proven by the irreproachable reputation it enjoys globally since decades.

Intercos shareholders and management fully trust the current Intercos Korea managers’ exemplary ethics.

Intercos Korea Inc.

40-38, GAJANGSANEOPSEOBUK-RO, OSAN-SI,GYEONGGI-DO, KOREA (#18103) / www.intercos.com 

Logo – https://mma.prnewswire.com/media/2559811/Intercos_Korea_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/intercos-korea-inc-press-release-302307659.html

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SafetyStratus to Participate in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024)

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9 minutes ago

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November 16, 2024

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SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

FUKUOKA, Japan, Nov. 16, 2024 /PRNewswire-PRWeb/ — SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

ACSEL 2024 offers a unique platform for attendees to engage in discussions on critical topics, including safety culture in academic and industrial laboratories, emerging risks, and the integration of technology to enhance laboratory safety and compliance. Attendees will gain valuable insights through keynote sessions, panel discussions, and networking opportunities with global experts committed to fostering safer and more productive laboratory environments.

Conference Date: 28-29 November 2024 (Poster session: 21-30 November 2024)

Venue: Venue Centennial Hall, Kyushu University School of Medicine Fukuoka, Japan

Going Virtual: https://www.acsel.esc.u-tokyo.ac.jp/2024/venue.html

For more information about ACSEL 2024, please visit ACSEL 2024 website.

About SafetyStratus

SafetyStratus offers the industry’s most comprehensive enterprise EH&S software platform with software, technology, and content to reduce risks and achieve operational excellence. Teams in academia, construction, healthcare, and general industry use the SafetyStratus platform to conduct inspections, perform behavior-based observations, collaborate on JSAs and JHAs, prepare incident reports, track institutional protocols, radioactive isotope inventory, and stay compliant with federal or regional regulations in any part of the world using a desktop or a mobile device in real-time.

Media Contact

Curtis Baker, SafetyStratus Inc., +1 (844) 896-7572, media.help@safetystratus.com, https://www.safetystratus.com/

View original content:https://www.prweb.com/releases/safetystratus-to-participate-in-the-11th-asian-conference-on-safety-and-education-in-laboratory-acsel-2024-302307310.html

SOURCE SafetyStratus Inc.; SafetyStratus Inc.

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