EDA: $2.4 Million Invested for Building Renovations to Support Workforce Development in Edinburg, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the University of Texas Rio Grande Valley in Edinburg, Texas, to support workforce development in the region. This grant will support construction of a business incubation center, providing training, services, research and data to…
SBA: 2024 Small Business Investment Companies of the Year Recognized
Awardees from Connecticut and Pennsylvania to be Honored During National Small Business Week Ceremony in Washington, DC Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized Argosy Private Equity of Wayne, Pa. and Mizzen Capital, LP of Stamford, Conn. as the…
HUD: City of Indianapolis and HUD Partner to Take Possession of Indianapolis Housing Agency
Federal and local officials jointly addressing housing conditions and operational failures impacting Indianapolis residents. Today, HUD Principal Deputy Assistant Secretary Richard J. Monocchio and Indianapolis Mayor Joe Hogsett signed a Cooperative Endeavor Agreement (CEA) between the U.S. Department of Housing and Urban Development (HUD) and the City to jointly take action to restore public confidence in and…
FHFA: State Financial Regulators and FHFA Enter Into Mortgage Market Information Sharing Agreement
The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) yesterday entered into a formal agreement designed to facilitate information sharing with respect to nonbank mortgage companies. The memorandum of understanding establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify…
OCC: Acting Comptroller Discusses Creating Economic Opportunity for New Americans
Acting Comptroller of the Currency Michael J. Hsu today discussed the value of financial literacy for new Americans in remarks during the Financial Literacy and Education Commission’s Public Meeting. In his remarks, Mr. Hsu acknowledged that immigrants are important drivers of our economy, including through entrepreneurship and innovation; however, they are also more likely to…
OCC: Comment Period Extended for Proposed Rulemaking and Policy Statement of Bank Mergers
The Office of the Comptroller of the Currency (OCC) announced today that it will extend until June 15, 2024, the comment period on its proposal to update its rules for business combinations to allow interested parties more time to provide comments. The proposal also includes a policy statement to clarify the OCC’s review of applications…
ABA: Bank Economists Continue to Grow More Optimistic About Credit Conditions
Bank economists are growing more optimistic about the outlook for credit conditions over the next six months compared to the latter half of 2023, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
HUD: Nearly $70 Million in Grants Announced to Protect Families from Home Health and Safety Hazards
Funding helps vulnerable residents by fixing housing-related health and safety hazards, establishing sustainable local programs, and supporting key research to identify and mitigate these hazards. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $70 million in grants across the country that will help transform communities by fixing older housing, preserving affordable…
HUD: $10 Million Funding Opportunity Announced for Community Revitalization Efforts
HUD’s signature program will focus on investing resources in housing, people, and neighborhoods nationwide. Today, Acting Secretary of the U.S. Department of Housing and Urban Development (HUD) Adrianne Todman announced a new notice of funding opportunity through the FY24 Choice Neighborhoods Planning Grant that will provide $10 million to support local planning efforts to revitalize communities….
EDA: $8.1 Million Invested to Support Workforce Development and Business Growth in Louisiana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $8.1 million in the state of Louisiana to support workforce development and business growth. The EDA investments announced today are: “President Biden is committed to ensuring that all communities in Louisiana and across the country have the resources needed…