CDFI Fund: Application Demand for FY 2020 Round of BEA Program Released
Over $469 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2020 round of its Bank Enterprise Award Program (BEA Program). A total of 144 applications were…
FEMA: President Trump Approves Major Disaster Declaration for Arkansas due to Severe Storms and Straight-Line Winds
FEMA announced yesterday that federal disaster assistance has been made available to the state of Arkansas to supplement state, tribal and local recovery efforts in the areas affected by severe storms and straight-line winds on April 12, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations…
SBA: $20 Billion Provided to Small Businesses and Nonprofits through Economic Injury Disaster Loan Advance Program
Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. In order to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up…
OCC: Project REACh Announced to Promote Greater Access to Capital and Credit for Underserved Populations
The Office of the Comptroller of the Currency today announced the launch of Project REACh to promote financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change and brings together leaders from the banking industry, national civil rights organizations, business, and technology to identify and reduce barriers…
EDA: $30 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $400,000 to help 13-county region in South Central Tennessee $400,000 to help Panhandle Region in Texas $400,000 to help New River Valley…
FEMA: President Trump Approves Major Disaster Declaration for Hawaii due to Severe Storms and Flooding
Yesterday, FEMA announced that federal disaster assistance has been made available to the state of Hawaii to supplement state and local recovery efforts in the areas affected by severe storms and flooding from March 27-28, 2020. Federal funding also is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi due to Severe Storms, Tornadoes, Flooding
FEMA announced yesterday that federal disaster assistance has been made available to the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds and flooding from April 22-23, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee due to Severe Storms and Flooding
Yesterday, FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds and flooding from May 3-4, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit…
FEMA: President Trump Approves Major Disaster Declaration for North Dakota due to Flooding
FEMA announced yesterday that federal disaster assistance has been made available to the state of North Dakota to supplement state, tribal and local recovery efforts in the areas affected by flooding from April 1-25, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
FEMA: President Trump Approves Major Disaster Declaration for Missouri due to Severe Storms, Tornadoes, and Flooding
Yesterday, FEMA announced that federal disaster assistance has been made available to the state of Missouri to supplement state, tribal and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds and flooding from May 3-4, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private…