HUD: $10.3 Million Loan Guarantee Announced for Los Angeles County for Vermont Manchester Commercial Project
The U.S. Department of Housing and Urban Development (HUD) today announces a $10.3 million loan guarantee for the County of Los Angeles, California for the Vermont Manchester Commercial Project. The loan guarantee will be used to finance the development of a new 64 thousand square foot community-serving retail space within the Vermont Manchester Transit Priority…
HUD: Disaster Assistance Announced for Massachusetts Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement Commonwealth, tribal, and local recovery efforts in the areas of Massachusetts affected by the severe winter storm and snowstorm from January 28 to January 29, 2022. On April 18, President Biden issued a major disaster declaration for the…
OCC: Project REACh Efforts Launched in Milwaukee
Acting Comptroller of the Currency Michael J. Hsu today joined civic and community advocates, bankers, and business leaders to launch Milwaukee REACh. The Office of the Comptroller of the Currency (OCC)’s Project REACh, the Roundtable for Economic Access and Change, brings together leaders from the banking industry, civil rights organizations, business, and technology to identify…
CFPB: Report Spotlights Medical Billing Challenges
Consumer complaints show coercive credit reporting and privacy intrusions based on unverified and inaccurate medical billing A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and…
SBA: Two New Courses Introduced on Partnerships and Entrepreneurial Leadership in the Ascent Online Digital Learning Platform
The digital tool provides women-owned small businesses resources to drive growth through business partnerships, building and refining leadership skills Today, the U.S. Small Business Administration (SBA) announced the launch of two new educational modules. Ascent is a digital platform comprised of targeted education modules, called Journeys, that gives small business owners 24/7 access to critical information backed by research and addresses…
EDA: $3 Million in American Rescue Plan Funds Invested to Support Workforce Development in Southern California’s Entertainment Industry
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3 million grant to the Shakespeare Center of Los Angeles, Inc., Los Angeles, California, for renovations to a 6,688-square foot warehouse needed to train and upskill workers in Southern California’s entertainment industry. This grant is funded by the American Rescue Plan. This…
EDA: $2.4 Million Invested to Support Life Sciences Industry in Murrieta, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Murrieta, California, for renovations to the Murrieta Innovation Center needed to develop a life science startup incubator. This project will support business growth and job creation by supporting entrepreneurs,…
EDA: $1.8 Million in CARES Act Recovery Assistance Invested to Increase High-Speed Internet Connectivity in Grant County, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million CARES Act Recovery Assistance grant to the city of John Day, Oregon, to increase internet connectivity in Grant County. This project will support community broadband enhancements in the cities of John Day and Canyon…
EDA: $750,000 in American Rescue Plan Funds Invested to Boost Tourism and Create Jobs in Hogansville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the city of Hogansville, Georgia, to support the rehabilitation of the vacant Royal Theater. This grant is funded by the American Rescue Plan. This project will support the long-term recovery of tourism in the region by renovating an existing…
CFPB: New Report Released on Financial Challenges Facing Rural Communities
Many rural communities are “banking deserts” Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills. The…