EDA: $588,000 in CARES Act Recovery Assistance Invested to Support Maryland Businesess as They Recover from the Coronavirus Pandemic
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $588,000 CARES Act Recovery Assistance grant to the Maryland Department of Commerce, Baltimore, Maryland, to support the growth and resiliency of coronavirus disrupted businesses by expanding the Maryland Defense Diversification Assistance (MDDA) program to serve the current needs of the broader business…
EDA: $587,500 Invested to Support Business Expansion and Growth in Lewisburg, TN
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $587,500 grant to the city of Lewisburg, Tennessee, to make critical sewer system improvements needed to support business recruitment and expansion efforts at the Lewisburg Industrial Park. This EDA grant, to be matched with $587,500 in local investment, is expected to create…
EDA: $577,917 in CARES Act Recovery Assistance Invested to Boost Biotechnology Workforce Training Efforts at Alamance Community College in Graham, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $577,917 CARES Act Recovery Assistance grant to Alamance Community College, Graham, North Carolina, to support the region’s growing biotechnology sector by purchasing equipment needed to train students for careers in life sciences through the college’s new Biotechnology Center of Excellence. This EDA…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Develop Extended Reality Technology Hub in St. Louis, MO
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to Technology Entrepreneur Center, Inc. (T-REX), St. Louis, Missouri, to establish an Extended Reality and Simulation Lab that will address the pressing challenges of working, educating, and meeting remotely by leveraging innovations in Extended Reality (XR)…
OCC: Acting Comptroller’s Statement on Vote to Overturn OCC True Lender Rule
Acting Comptroller of the Currency Michael J. Hsu issued the following statement on the U.S. House of Representative’s vote to overturn the agency’s true lender rule. Today, the House voted to overturn the Office of the Comptroller of the Currency’s true lender rule, which was finalized in October of last year. This follows similar action taken…
Federal Reserve: Fed Listens Initiative to Continue in 2021 Focused on the Economic Recovery from the COVID-19 Pandemic
The Federal Reserve on Wednesday announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic. “During the Federal Reserve’s 2019 monetary policy framework review, the Fed Listens series of events provided valuable feedback from a broad range of groups…
ABA: New Report Shows Credit Card Rewards Provide Value to Consumers of All Income Levels, Merchants
New study shows why so many consumers choose to participate in rewards programs Credit card rewards are accessible, valuable, and well-understood by consumers across all income levels according to a new report from the American Bankers Association. ABA examined rewards cards and their value to various participants in the credit card market, including merchants and consumers, segmented…
SBA: Council on Underserved Communities Reconvened
Administrator Guzman restores Council to address the immediate needs and concerns of underserved and underrepresented communities hit hard by COVID-19 The U.S. Small Business Administration announced today that it is reconvening the Council on Underserved Communities (CUC) under the authority of the Federal Advisory Committee Act (FACA). In conjunction with the Biden-Harris Administration’s agenda, the restoration of…
FHFA: First Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 5.8 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its first quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 224,646 foreclosure prevention actions in the first quarter of 2021, bringing the total number of homeowners who have been…
HUD: Additional Steps Taken to Free Up Long-Awaited Disaster Recovery Funds for Puerto Rico and U.S. Virgin Islands
Department publishes Federal Register notice governing the use of $2 billion in CDBG-DR for a more resilient, efficient, reliable, and sustainable electric power system in Puerto Rico and USVI The U.S. Department of Housing and Urban Development (HUD) today published a Federal Register notice governing the use of $2 billion in Community Development Block Grant…