EDA: $2.75 Million Invested to Support Workforce Development Efforts in Coos Bay, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.75 million grant to Southwestern Oregon Community College, Coos Bay, Oregon, to support the renovation and modernization of existing instructional space. This EDA project, to be matched with $2.75 million in local funds, is expected to…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Boost Economic Recovery Efforts in Hartford, CT
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the Connecticut Department of Economic and Community Development (DECD), Hartford, Connecticut, to develop economic recovery strategies that will strengthen, diversify, and add resilience to the regional economy. This…
EDA: $2 Million in CARES Act Recovery Assistance Invested for Water Infrastructure Improvements in Aberdeen, SD
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Aberdeen, South Dakota, to construct a new water tower and waterline to support business expansion. This EDA grant, to be matched with $2.1 million in…
EDA: $1.9 Million Invested to Improve Stormwater Infrastructure in Support of Business Growth in Vinalhaven, ME
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the town of Vinalhaven, Maine, to make stormwater infrastructure improvements needed to protect downtown businesses from flooding and to promote business growth. This EDA project will be matched with $1.9 million in…
EDA: $820,123 in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Support Small Businesses in Southeast Nebraska
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,123 CARES Act Recovery Assistance grant to the Southeast Nebraska Development District, Lincoln, Nebraska, to capitalize and administer a Revolving Loan Fund, providing gap financing to small, local businesses in Butler, Fillmore, Gage, Jefferson, Johnson, Lancaster, Nemaha, Otoe, Pawnee, Polk, Richardson, Saline,…
CFPB: Report Finds Consumer Complaint Submission Patterns Vary by Demographic Characteristics of Census Tract
The Consumer Financial Protection Bureau (CFPB) today released its first in-depth report analyzing complaint submission patterns by U.S. Census tract. The report, “Consumer complaints throughout the credit life cycle, by demographic characteristics,” finds that the complaints from wealthier communities and communities with higher percentages of white, non-Hispanic residents were more frequently about loan origination and…
CDFI Fund: Inaugural Round of Small Dollar Loan Program Awards Announced
$10.8 Million Awarded to CDFIs to Provide Alternatives to High Cost Small Dollar Loans Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $10.8 million in grants to Community Development Financial Institutions (CDFIs) today, through the fiscal year (FY) 2021 round of the Small Dollar Loan Program…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…
ABA: Officers, Board Nominated for 2021-2022
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for election at the association’s annual meeting to be held October 17-19 in Tampa, Fla. The committee, chaired by Laurie Stewart, president and CEO, Sound Community Bank, Seattle, nominated these candidates for ABA officer positions: CHAIR: A. Scott Anderson, president and CEO,…
Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…