SBA: Grants Awarded to 24 State and Local Economic Development Entities, SBTDCs and Universities
The U.S. Small Business Administration (SBA) has granted 24 awards for $125,000 in FY 2018 under the Federal and State Technology (FAST) Partnership Program. Recipients include state and local economic development entities, Small Business Technology Development Centers, Women’s Business Centers, incubators, accelerators, colleges, and universities that provide support to small businesses developing and commercializing high…
SBA: Veterans Small Business Advisory Committees to Host Public Meetings on September 5th and 6th
The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business Affairs (ACVBA) will hold quarterly public meetings on September 5 and 6 respectively at SBA headquarters in Washington, D.C. The IATF meeting will be held Wednesday, September 5, from 1 to 4 p.m. The ACVBA…
OCC: Fourth Quarter 2018 and First Quarter 2019 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2018 and first quarter of 2019. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests…
EDA: $2.9 Million Invested to Support Disaster Recovery in Georgia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $2.9 million in grants to the state of Georgia to make critical infrastructure improvements needed to support local disaster recovery efforts. According to grantee estimates, the projects are expected to spur more than $70 million in private investment….
EDA: $1.9 Million Invested to Support the Manufacturing Sector in Berkeley County, SC
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Berkeley County to make critical water infrastructure improvements needed to support the region’s manufacturers. According to grantee estimates, the project is expected to create nearly 2,000 jobs and spur $520 million in private…
EDA: $1.2 Million Invested for Infrastructure Improvements in Port Lavaca, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Port Lavaca, Texas, to make infrastructure improvements needed to support businesses at the Harbor of Refuge, which was damaged by Hurricane Harvey. According to grantee estimates, the project is expected…
FHFA: Index Shows Mortgage Rates Increased in July 2018
Nationally, interest rates on conventional purchase-money mortgages increased from June to July, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.60 percent for loans closed in late July, up 1 basis point from 4.59 percent in June. The average interest…
CDFI Fund: Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants
As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is September 17, 2018 at 5:00 p.m. Eastern Time (ET). To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018…