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Active and public transportation infrastructure upgrades underway for communities throughout Alberta

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RED DEER, AB, June 26, 2024 /CNW/ – Local infrastructure upgrades are coming to over 50 communities across Alberta through 48 active and rural public transportation projects after a combined investment of more than $60 million from the federal government and recipients.

This was announced by Minister Randy Boissonnault and the Mayor of Red Deer, Ken Johnston.

The City of Red Deer will rehabilitate the Canadian Pacific Railway Bridge, a significant historical landmark which is used as a main active transportation corridor. It is the only dedicated river crossing near the greater downtown and Riverside Meadows. This crossing also benefits more vulnerable communities by providing direct access to social supports located on either side of the bridge.

The Bow Valley region of Banff, Canmore, and Lake Louise will benefit from three new accessible electric transit buses and a charging station, which will improve traffic flow for commuters and visitors to this busy area in the National park. Similarly, in areas such as Cochrane, Rocky View County, and Medicine Hat, the upgrades or enhancements of transit vehicles will benefit the surrounding communities.

Other rural and Indigenous communities receiving funding will benefit from improvements to existing pathway systems and crosswalk infrastructure. Funding will also support better public transit services with new energy-efficient and accessible vehicles, upgraded equipment and improvements to bus stops, and rural transit planning studies and routes.

The details of each project can be found in the accompanying backgrounder.

Quotes

“As communities in Alberta continue to grow, it is vital to have active and rural public transportation infrastructure that meets their evolving needs. Our government’s investment will encourage Albertans to be active and healthy and contribute to a cleaner environment, creating more resilient and stronger communities for everyone.”

The Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

“This investment from the federal government means more than just upgrading infrastructure; it signifies a commitment to the well-being and safety of our community. Rehabilitating the Canadian Pacific Railway bridge not only preserves a significant historical landmark but also enhances connectivity, revitalizes our downtown, and ensures access to essential services for all residents, including those most vulnerable. Together, we are building a stronger, more inclusive Red Deer.”

His Worship Ken Johnston, Mayor of the City of Red Deer

“Thanks to the support of the Rural Transit Solutions fund, we are thrilled to be able to further expand our zero-emission fleet through the purchase of additional electric buses. Operating Roam Transit services within and around Banff National Park, environmental stewardship is paramount to us and our partner communities. Embracing advanced technologies to reduce emissions underscores our commitment to sustainable transit. Adding additional electric buses marks a pivotal moment in our transition, enhancing our journey to lowering emissions, and moving us towards a greener future”.

Martin Bean, CEO, Bow Valley Regional Transit Services Commission

Quick Facts

The federal government is investing a total of $36,301,698 through the Active Transportation Fund (ATF), the Rural Transit Solutions Fund (RTSF) and the Public Transit Infrastructure Stream (PTIS) of the Investing in Canada Infrastructure Program (ICIP). The ATF is providing $18,438,784 of this investment for 31 projects, $15,193,328 of this investment is through RTSF in support of 15 projects, and $2,669,586 is through PTIS for two projects. Municipalities and associated funding partners are contributing a total of $24,892,275 to their respective projects.Since 2015, the federal government has committed over $30 billion for public transit and active transportation projects. These historic investments have resulted in close to 2000 projects across the country.Federal funding is conditional on fulfilling all requirements related to consultation with Indigenous groups and environmental assessment obligations.

Active Transportation Fund:

Active transportation refers to the movement of people or goods powered by human activity. It includes walking, cycling and the use of human-powered or hybrid mobility aids such as wheelchairs, scooters, e-bikes, rollerblades, snowshoes, cross-country skis, and more.In support of Canada’s National Active Transportation Strategy, the Active Transportation Fund is providing $400 million over five years, starting in 2021, to make travel by active transportation easier, safer, more convenient, and more enjoyable.The National Active Transportation Strategy is the country’s first coast-to-coast-to-coast strategic approach for promoting active transportation and its benefits. The strategy’s aim is to make data-driven and evidence-based investments to build new and expanded active transportation networks, while supporting equitable, healthy, active, and sustainable travel options.

Rural Transit Solutions Fund:

The RTSF helps Canadians living in rural and remote areas get around their communities more easily. It supports the development of rural transit solutions, including new transit service models that could be replicated or scaled up.A minimum of 10% of RTSF’s funding envelope is allocated to projects that benefit Indigenous populations and communities.RTSF’s Planning and Design Projects continuous intake remains open. Through this stream, eligible applicants can receive a grant up to $50,000 in support of a communities’ projects to plan and design a new or expanded transit solution for their communities. Some examples of eligible planning and design projects are assessment of routes and modes of travel, feasibility studies, public and stakeholder engagement and surveys.The RTSF complements Canada’s strengthened climate plan: A Healthy Environment and a Healthy Economy. Through the plan the federal government has committed to providing federal funding for public transit in support of making clean and affordable transportation available in every community.

Public Transit Infrastructure Stream (Investing in Canada Infrastructure Program)

This stream supports the building, expansion, and upgrading of urban and rural transit networks.Including today’s announcement, eighteen infrastructure projects under the Public Transit Infrastructure Stream have been announced in Alberta, with a total federal contribution of more than $1.97 billion and a total provincial contribution of more than $2.03 billion.In 2021, the government announced significant public transit funding that includes billions in support for zero emission buses, rural transit solution, active transportation, and support for major projects to accelerate the expansion of large urban transit systems that many Canadians depend on every day.Averaging $3 billion a year, this predictable and flexible public transit funding will respond to local needs by enhancing integrated planning, improving access to public transit and active transportation, and by supporting the development of more affordable, sustainable, and inclusive communities.On December 18, 2023, the federal government launched the Framework to Build a Green Prairie Economy, which highlights the need for a collaborative, region-specific approach to sustainability, focusing on strengthening the coordination of federal programs, and initiatives with significant investments. This Framework is a first step in a journey that will bring together multiple stakeholders. PrairiesCan, the federal department that diversifies the economy across the Canadian prairies, has dedicated $100 million over three years to support projects aligned with priority areas identified by Prairie stakeholders to build a stronger, more sustainable, and inclusive economy for the Prairie provinces and Canada.Infrastructure Canada is supporting the Framework to Build a Green Prairie Economy to encourage greater collaboration on investment opportunities, leverage additional funding, and attract new investments across the Prairies that better meet their needs. 

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Backgrounder: Active and public transportation infrastructure upgrades are underway for communities throughout Alberta

Associated Links

Active Transportation Fund
https://www.infrastructure.gc.ca/trans/index-eng.html 

National Active Transportation Strategy
https://www.infrastructure.gc.ca/trans/active-strat-actif-eng.html

Rural Transit Solutions Fund
https://www.infrastructure.gc.ca/rural-trans-rural/index-eng.html 

Investing in Canada: Canada’s Long-Term Infrastructure Plan
https://www.infrastructure.gc.ca/plan/icp-publication-pic-eng.html

Public Transit Infrastructure Stream
https://www.infrastructure.gc.ca/plan/pti-itc-eng.html

Strengthened Climate Plan
https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/climate-plan-overview.html 

Federal infrastructure investments in Alberta
https://www.infrastructure.gc.ca/plan/prog-proj-ab-eng.html

Building a Green Prairie Economy Act
https://laws.justice.gc.ca/eng/acts/B-9.88/page-1.html

Building a Green Prairie Economy
https://www.canada.ca/en/prairies-economic-development/programs/green-prairie-economy.html 

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SOURCE Infrastructure Canada

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Miami Startup BOB Raises $5.5M To Build An AI-Powered Banking Platform

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The Miami-based company is building the most useful small business finance agent and banking platform in the world, with participation from Codie Sanchez, Mark Pincus,  and others.

MIAMI, Oct. 23, 2026 /PRNewswire/ — BOB AI Holdings Corp. (“BOB”), the AI finance employee for small business, today announced it has raised $5.5 million in seed funding. The round was led by Mischief (founder of Plaid, Zak Perret), with funding from Peter Thiel and participation from Codie Sanchez, Mark Pincus, Karman Ventures, and a group of additional investors and operators. BOB will use the capital to expand its product, grow its team in Miami, and bring a free AI finance agent to more of the small business owners who keep the American economy running.

The seed round brings together investors who share a conviction that small businesses deserve the same caliber finance department g that large companies take for granted. Mischief led the round, and Peter Thiel joined as a backer alongside Codie Sanchez, the investor and operator known for championing Main Street business ownership.

The funding follows BOB’s private beta launch in September 2026 and will support three priorities: deepening the product’s financial capabilities, scaling customer onboarding, and growing BOB’s team in Miami.

BOB is an AI finance employee that works alongside small business owners to handle the annoying but necessary financial work that usually eats their nights and weekends. Owners talk to BOB the way they would talk to a trusted bookkeeper or CFO, over WhatsApp, text message, Slack, Microsoft Teams, email, or the BOB app. BOB keeps the books, sends invoices, accepts payments, holds funds in a deposit account, and helps owners see where their cash is headed so they can make decisions with confidence.

BOB’s long-term goal is to be the most useful banking product in the world, and a banking product specifically built for this new world of AI agents, robots, and drones. But they are getting started by building the most useful and safe financial agent for small business owners. And instead of handing owners another dashboard to learn, BOB just does the work for them and communicates in plain language.

BOB’s wedge has been particularly effective because the company is laser-focused on small business owners who have largely been underserved by the wave of financial technology built over the last five to ten years. Many of those products were designed for the general market or for enterprise finance teams, and they assume the owner has time, training, or staff to run them. BOB starts from the opposite assumption. The owner of a roofing company, a restaurant, or a local services firm should be able to get real financial help without hiring a department to get it.

“Small business owners have been an afterthought for most of the financial technology built over the last decade,” said Adam Wininger, CEO of BOB. “They are running the business, doing the work, and then staying up late trying to make sense of their books. We built BOB to take that work off their plate entirely. Our goal is simple: to be the most useful banking platform in the world, and this funding lets us put our free CFO agent, BOB, in the hands of many more owners.”

“We invest in infrastructure that becomes indispensable, and a financial layer for autonomous agents is one of the clearest examples we’ve seen,” said Dustin Moring, General Partner at Mischief. “BOB is attacking an immense market at the exact moment AI is moving from advising on transactions to executing them. We’re proud to lead this round and back Adam and the team as they build the foundation agent banking will run on.”

About BOB

BOB AI Holdings Corp. is a Miami-based company building BOB, the AI finance employee and banking platform for small business. BOB handles bookkeeping, invoicing, payments, and cash flow for small business owners through the channels they already use, including WhatsApp, text message, Slack, and Microsoft Teams. BOB’s mission is to build the world’s most useful banking product in the world. Learn more at joinbob.ai. Disclaimer: BOB AI Holdings Corp is a financial technology company, not a bank.

Media contact

Joel Strauss – joel@strausscomms.com 

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SOURCE BOB AI Holdings Corp

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Union Home Mortgage unveils AI and automation advancements during 2026 Annual Partner Celebration

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The mortgage lender continues to make major technology investments going into 2027

STRONGSVILLE, Ohio, Oct. 23, 2026 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, recently unveiled an array of AI and automation-driven technological achievements during the company’s 2026 Annual Partner Celebration held Oct. 16-17 in Cleveland, Ohio. This world-class event brought over 850 UHM employees, known internally as Partners, together to highlight the lender’s year-to-date business results, set goals to multiply business success, and foster connection between colleagues. Most notably, technology took center stage, highlighting advancements made in 2026 and a sneak peek at what is coming next.

Attendees were given an inside look at the next phase of technology shaping the business, with demonstrations of both newly implemented tools and future-focused prototypes. These innovations, ranging from conversational voice agents for enhanced customer support to the elimination of tedious manual document review, showcased the transformative potential of technology and underscored the lender’s ongoing investment in smarter, more efficient workflows.

“What makes this event so meaningful is the chance to celebrate our Partners and the impact they have on our business and culture,” said Bill Cosgrove, CEO of Union Home Mortgage. “By creating opportunities for open dialogue and idea-sharing, we’re able to strengthen our culture and identify new ways to move our business forward. As we look ahead to 2027, we remain focused on our 3X initiative, empowering our Partners with the resources, technology, and support they need to achieve more while continuing to deliver a world-class experience for our borrowers. Technology will be the key to UHM’s future, and I can’t wait to see what new solutions are developed in time for our next Annual Partner Celebration.”

While this year’s Annual Partner Celebration was heavily focused on technology, the event also featured senior leadership across all departments and business channels taking the stage to share updates on critical areas such as sales performance, servicing, benefits, employee recognition, and more. UHM Partners also took part in a panel discussion and Q&A with CEO Bill Cosgrove and Sr. Vice President of Business Development Al Blank. In addition to those attending in-person, the rest of the mortgage lender’s 2,300 Partners streamed the event virtually across the country. Following the event, attendees were invited to attend a celebratory carnival featuring casino-style games, a golf simulator, Family Feud, a custom t-shirt press, and more – earning raffle tickets to win high-value prizes. The lender also raffled off tickets to the MLB American League Championship Series being played at Progressive Field, as Union Home Mortgage is the Official Mortgage Partner of both teams that played in the series – the Tampa Bay Rays and the Cleveland Guardians.

Throughout the week, Partners also attended individualized leadership summits specific to their department or role within the company, as well as a Hard Stops Summit aimed at examining existing hard stops in the loan process to streamline operational efficiency.

Internal loan officer coaching program Partners Coaching Partners (PCP), which pairs each participating loan officer with a high-performing mentor and an accountability partner at their production level, also held their Fall PCP Impact event on October 14-15. The group aims to equip members with the skills and knowledge to increase productivity, generate leads, finetune the origination process, improve teambuilding, and increase profit margins. Next year, the PCP program will celebrate its twentieth consecutive PCP Impact event, cementing its status as a pillar of Partner development at UHM.

About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 49 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being a Six-Year USA TODAY Top Workplace and a Twelve-Year Northeast Ohio Top Workplace. Learn more at www.uhm.com.

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SOURCE Union Home Mortgage

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Pew Funds 4 Biomedical Research Partnerships in Latin America

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Scientists will team up on interdisciplinary explorations

WASHINGTON, Oct. 23, 2026 /PRNewswire/ — The Pew Charitable Trusts announced today that four pairs of researchers from Latin America will receive funding to pursue collaborative biomedical research projects.

These eight esteemed scientists, all independent investigators in Latin America, will team up on interdisciplinary explorations that span plant biology, genetics, immunology, and more. Recipients will receive a combined $180,000 per pair—$90,000 annually over two years.

The Partnership Award was created to help advance scientific collaboration and networking among the biomedical research community in Latin America. Recipients include four alumni of Pew’s Latin American Fellows Program in the Biomedical Sciences, which has funded nearly 350 scientists from across the region since 1991. The Partnership awards were made possible by a grant from Biohub.

“Pew is proud to support these exceptional scientists from Argentina, Brazil, and Chile,” said Donna Frisby-Greenwood, Pew’s senior vice president for Philadelphia and scientific advancement. “Their creative ideas and pioneering approaches will undoubtedly lead to important discoveries that advance biomedical research across Latin America and the world.”

Recipients of this year’s Partnership Award are:

Luis F. Larrondo, Ph.D., Pontificia Universidad Católica de Chile, 2004 Pew Latin American Fellow

Gerardo Cárcamo-Oyarce, Ph.D., Pontificia Universidad Católica de Chile

Larrondo and Cárcamo-Oyarce will establish a new, light-based platform for studying the formation of biofilms by the bacterium Pseudomonas aeruginosa.

Priscilla Olsen, Ph.D., Universidade Federal do Rio de Janeiro (UFRJ), 2016 Pew Latin American Fellow

Beatriz Patricio, Ph.D., Universidade Federal do Estado do Rio de Janeiro (UNIRIO)

Olsen and Patricio will develop and test a new strategy to overcome antimicrobial drug resistance.

Paulo José P. L. Teixeira, Ph.D., Universidade de São Paulo, Escola Superior de Agricultura Luiz de Queiroz, 2013 Pew Latin American Fellow

Antonio Camargo, Ph.D., Universidade de São Paulo

Teixeira and Camargo will examine plant immune receptor specificity.

Marcelo Yanovsky, Ph.D., Fundación Instituto Leloir – CONICET, 2000 Pew Latin American Fellow

Esteban Beckwith, Ph.D., Instituto de Investigación en Biomedicina de Buenos Aires – CONICET – Partner Institute of the Max Plank Society

Yanovsky and Beckwith will study how organisms regulate gene expression in response to environmental stress.

Founded in 1948, The Pew Charitable Trusts uses data to make a difference. Pew addresses the challenges of a changing world by illuminating issues, creating common ground, and advancing ambitious projects that lead to tangible progress. Learn more at pew.org.

Press contact: Liz Lowe, 215-575-4812, elowe@pewtrusts.org

https://www.pew.org/en/about/news-room/press-releases-and-statements/2026/10/22/pew-funds-4-biomedical-research-partnerships-in-latin-america

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SOURCE The Pew Charitable Trusts

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