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PATERSON, NJ GUARANTEED INCOME PILOT LEADS TO FINANCIAL STABILITY, INCREASED SAVINGS, AND REDUCED STRESS

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2 years ago

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Residents see tangible benefits with $500 monthly guaranteed income

PATERSON, N.J., Feb. 26, 2024 /PRNewswire/ — Today, Mayors for Guaranteed Income and the Office of Mayor Andre Sayegh welcomed the release of independent data on the Paterson Guaranteed Income Program, showcasing significant improvements in financial stability, increased savings, and reduced stress for participants.

The pilot, administered by the City of Paterson, provided a monthly payment of $500 to 110 city residents from June 2021 to June 2022. To qualify, recipients had to be 18 years of age and older, with an annual income below $30,000 for a single person or below $88,000 for a family. Researchers from the University of Pennsylvania collaborated with Paterson to set up a control group and analyze data from the pilot, which has been released today.

Key findings include:

Pilot participants increased their financial stability. While the control group’s ability to cover a $400 emergency sharply declined, guaranteed income recipients not only maintained their ability, over 15% saved more than $500 by the 12-month mark.There were shifts in employment patterns within the treatment group, with a rise in gig work and self-employment. Recipients increased their income significantly, from an average of $16,604 at the start to $24,810 six months after the pilot ended, compared to the control group’s $19,078.Participants found a balance between paid work and caregiving responsibilities, showcasing the program’s support in fostering work-life balance.The cost burden of housing was reduced for the treatment group, and their home quality perceptions improved. The program empowered individuals to make positive changes in their living spaces, from small improvements to significant investments.The study also showed mental health improvements, with recipients experiencing a significant decrease in distress levels and chaos that continued six months after the program ended.Beyond individual impact, the program strengthened social ties within the community. Participants engaged in community work, shared resources, and considered the program a valuable asset in fostering a sense of belonging.

“The guaranteed income program is not only about putting money in people’s pockets, it is also about restoring dignity,” said Paterson Mayor Andre Sayegh. “This pilot demonstrated the power of relatively small, no strings attached payments. Our goal is to seek more private and federal dollars to support a possible expansion of the program.”

Dante, a Paterson guaranteed income recipient identified in the report, said, “I have never been able to build credit at all. But now since I have the sort of steady income and I know it’s going to be coming in, I took some of the money out. I put it in a bank account, and I opened up one of those credit cards that they use like with your own money. And I’ve been able to, you know, finally have credit. And it’s going well. I have—you know, my credit is like at 712 I think now…The credit card, it was a risk that I never took.”

The Paterson Guaranteed Income program demonstrated its potential to bring about transformative change in the lives of participants, addressing financial instability, mental health challenges, and fostering community connections. As the report concludes, the program stands as a beacon of hope and a model for innovative approaches to addressing socio-economic challenges. Overall, guaranteed income seemed to temporarily free participants from time scarcity,  allowing  them  to  make deliberate  choices around parenting,  workforce participation, and time for self and family.

Building off early success, Mayor Andre Sayegh expanded the Guaranteed Income Pilot Program in October 2023. An additional 200 recipients were selected to receive $400 per month for 12 months. The expansion was funded entirely by American Rescue Plan dollars.

“Just last week, Mayors for a Guaranteed Income released polling showing that a healthy majority of voters — nearly two-thirds — support guaranteed income because they’ve seen it work in communities across the country. The results in Paterson, NJ are yet another proof point that guaranteed income works, and makes families stronger and more resilient,” said Michael D. Tubbs, founder of Mayors for a Guaranteed Income. “It’s time to move from pilots to permanent policy.”

Paterson’s pilot is affiliated with Mayors for a Guaranteed Income, a coalition of 150 mayors and growing. The research findings from Paterson build upon similar results from the mayor-led guaranteed income programs in Stockton, CA, and St. Paul, Minnesota, which provided families with $500 per month for two years. Researchers found statistically significant gains in employment, financial stability, mental health, and overall well-being.

Read the full report on the Paterson Guaranteed Income program here.

Founded in June of 2020 by former Stockton Mayor Michael Tubbs, Mayors for a Guaranteed Income is a coalition of nearly 150 mayors committed to advancing a federal guaranteed income – direct, recurring cash payments to middle and low-income people. Expanding to include city and county legislators in 2023 with Counties for a Guaranteed Income, the network acts as a research and resource hub for municipal pilots around the country–nearly 60 and counting. A new documentary film, It’s Basic, which premiered at the Tribeca Film Festival in June 2023, follows recipients and illuminates the life-changing impact of guaranteed income programs on families’ economic security and opportunity.

View original content to download multimedia:https://www.prnewswire.com/news-releases/paterson-nj-guaranteed-income-pilot-leads-to-financial-stability-increased-savings-and-reduced-stress-302070598.html

SOURCE Mayors for a Guaranteed Income

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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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July 21, 2026

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

View original content to download multimedia:https://www.prnewswire.com/news-releases/fulton-financial-corporation-appoints-david-s-schulz-to-board-of-directors-302831288.html

SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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51 minutes ago

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July 21, 2026

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/octavio-marquez-elected-to-msa-safety-board-of-directors-302831265.html

SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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51 minutes ago

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July 21, 2026

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bluefolder-field-service-software-launches-new-ai-powered-features-to-transform-how-teams-work-302831320.html

SOURCE BlueFolder

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