SBA: Five New Regional Innovation Clusters Announced
Newly-designated Clusters Collectively Awarded $1.5M to Support Small Business Growth and Drive Innovation in Local Economies The U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the addition of five new Regional Innovation Clusters (RIC) to the portfolio of communities the agency supports through the program. RICs are geographically-concentrated networking hubs of small businesses, suppliers, service providers, and…
EDA: $30 Million in Economic Development Administration American Rescue Plan Funding to Support Statewide Economic Development Planning Announced
$1 Million Grants Headed to 30 States and Territories to Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $1 million American Rescue Plan grants to 30 states and territories across the nation to support statewide…
EDA: $4.8 Million in CARES Act Recovery Assistance Invested to Support Industrial Development in Chicago
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million CARES Act Recovery Assistance grant to Chicago, Illinois, to support industrial development in the city. This grant will help accelerate the economy and support business growth and development by providing trucks access to one…
EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support the Distribution and Logistics Sector in Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the Indianapolis Airport Authority, Indianapolis, Indiana, to support the distribution and logistics sector in Central Indiana. This grant will build infrastructure to support supply chain needs by providing…
EDA: $3.4 Million in CARES Act Recovery Assistance Invested to Support Broadband Expansion in Northeast Minnesota
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million CARES Act Recovery Assistance grant to support broadband expansion in Northeast Minnesota. The pandemic shed light on the vital importance of broadband. This grant will allow Northeast Service Cooperative to meet the region’s explosive…
EDA: $2.6 Million in CARES Act Recovery Assistance Invested to Support Local Food Manufacturing in Detroit, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million CARES Act Recovery Assistance grant to the Detroit Brownfield Redevelopment Authority, Detroit, Michigan, to support local food manufacturing. This grant will support the city’s historic Eastern Market by providing the infrastructure needed to develop…
CFPB: Action Taken to Stop False Identification in Background Screens by Consumer Reporting Companies
Mistaken identity matching undermines housing and labor market recoveries The CFPB today issued an advisory opinion affirming that consumer reporting companies, including tenant and employment screening companies, are violating the law if they engage in shoddy name-matching procedures. Regulators are concerned about the significant harms caused by false identity matching, where an applicant is disqualified…
CDFI Fund: CY 2021 Round of New Markets Tax Credit Program Opened
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is providing the NOAA on its website in anticipation…
CDFI Fund: New Markets Tax Credit Program Native Initiative Request for Proposal Issued
Today, the Community Development Financial Institutions Fund (CDFI Fund) released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaskan Native Village Statistical Areas (NMTC Native Areas). Industry and subject-matter…
HUD: More than $13 Million in American Rescue Plan Funds Released to Assist Victims of Housing Discrimination Related to the Coronavirus Pandemic
Funds will support the efforts of fair housing enforcement organizations The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $13.6 million in American Rescue Plan (ARP) funding to enable 51 HUD Fair Housing Initiatives Program (FHIP) agencies to conduct a range of fair housing enforcement and education and outreach…