EDA: U.S. Department of Commerce Launches First of its Kind Economic Recovery Corps with $30 Million CARES Act Investment
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) has awarded a $30 million CARES Act Recovery Assistance grant to a coalition of organizations to establish and operate a nationwide Economic Recovery Corps program. This EDA funded program will recruit and place at least 65 Fellows in economic development…
OCC: Virtual Innovation Office Hours Scheduled for December 14th and 15th
The Office of the Comptroller of the Currency (OCC) today announced that it will host virtual Innovation Office Hours on December 14-15, 2022, to promote responsible innovation in the federal banking system. Office Hours are one-on-one meetings with representatives from the OCC Office of Innovation to discuss financial technology (fintech), new products or services, partnering…
HUD: Small Communities Win Big with a $1 Million HUD Grant Program
Yesterday, the U.S Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $1 million through the HOPE VI Main Street Program. This grant program provides assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort. “The beauty of this…
FEMA: ‘Year of Firsts’ Celebrated During National Native American Heritage Month & Commitment to Supporting Tribal Nations Reinforced
November marks National Native American Heritage Month, an opportunity for every person in the nation to reflect on our shared nation’s history and honor the Tribal Nations and tribal citizens who called this land home long before the United States became a country. This National Native American Heritage Month, FEMA is celebrating a “year of…
Census Bureau: Details Shared on 2030 Census Preparations and Additional Public Input Encouraged
The U.S. Census Bureau released a prerecorded presentationtoday explaining how it is preparing for the 2030 Census, including research that is underway, the planning timeline and details on how the public can provide input on the design and planning of the next census. The Census Bureau has begun dozens of research projects to address five areas…
HUD: More Than $148 Million in Supplemental Funding Announced for Multifamily Assisted Housing Property Owners to Combat COVID-19
Owners of properties participating in Multifamily assisted housing programs can apply for reimbursement of costs for property improvements and other measures that protect residents from COVID-19. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it is opening a new application period for COVID-19 Supplemental Payment (CSP) funding. This…
EDA: $1.8 Million Invested to Improve Stormwater Infrastructure and Support Business Growth in Sebring, FL
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Sebring Airport Authority, Sebring, Florida, for stormwater drainage improvements at Sebring Regional Airport’s Multimodal Logistics Center. This EDA project will increase the region’s capacity to create and grow new businesses in the…
ABA: National Survey Finds Bank Customers Continue Turning to Mobile Apps More Than Any Other Channel to Manage Their Accounts
For the third year in a row, consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers continued to embrace digital banking channels, with 45% of bank customers using…
CDFI Fund: $5 Billion in New Markets Tax Credits Awarded to Revitalize Low-Income and Distressed Communities
Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at the recently redeveloped Lexington Market,…
OCC: Agency Announces Office of Financial Technology
The Office of the Comptroller of the Currency today announced it will establish an Office of Financial Technology early next year to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape. The Office of Financial Technology will build on and incorporate the Office of Innovation, which the OCC established in…