EDA: $3.7 Million Invested for Water Infrastructure Upgrades to Support Business in Winona, MS
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the city of Winona, Mississippi, for the installation of a 250,000-gallon water tank, creating economic resiliency while facilitating job creation and retention. The EDA grant, to be matched with $1.2 million in…
EDA: $2 Million Invested to Support Aviation Research Center at Wichita State University
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Wichita State University, Wichita, Kansas, to purchase key tools and supplies to support the new Flight Test Research Center and a Maintenance, Repair, and Overhaul facility for the National Institute for Aviation…
EDA: $840,000 in CARES Act Recovery Assistance Invested to Support Business Growth in Alameda County, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $840,400 CARES Act Recovery Assistance grant to Alameda County, California, to support recovery of the region’s economy by providing technical assistance and other resources to small and medium-sized businesses. This EDA grant will be matched with $840,400 in local investment. “President Biden…
EDA: First Awards Distributed under EDA’s American Rescue Plan Programs Announced
Statewide Economic Development Planning Grants Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo is pleased to announce that the Department’s Economic Development Administration (EDA) has begun awarding its historic $3 billion in American Rescue Plan funds to assist communities nationwide in their efforts to build back…
CFPB: Tech Giants Ordered to Turn Over Information on their Payment System Plans
Orders will help CFPB monitor for data surveillance, access restrictions, and other consumer protection risks as payments technologies and markets evolve Today, the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States. The information will help…
ABA: Bank Employees Across U.S. Celebrate Get Smart About Credit Day and Share Financial Knowledge with Students
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by sharing information with teens and young adults on a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth…
ABA: Officers and Board for 2021-2022 Elected
Members attending the American Bankers Association’s annual convention in Tampa, Fla. have elected new ABA officers and directors to serve on ABA’s board for the 2021-2022 association year. The new officers are: CHAIR: A. Scott Anderson, president and CEO, Zions Bank, Salt Lake City; CHAIR-ELECT: Daniel D. Robb, president and CEO, Jonesburg State Bank, Jonesburg,…
FHFA: Two Measures Advancing Housing Sustainability and Affordability Announced
Expands Eligibility for Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. “Expanding eligibility for low- and moderate-income families to refinance…
EDA: $1.1 Million Invested to Support an Inter-Regional Economic Development Plan and Create Jobs in Metropolitan Washington, D.C.
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Connected DMV, an organization located in Arlington, Virginia, to support their ‘DMV Regional Equity and Growth Playbook’ to boost business growth and create jobs. This EDA project will be matched with $286,671…
FDIC: New Tool Released to Build Financial Capability
FDIC released How Money Smart Are You? on September 30th. This suite of 14 self-paced games and related resources is the newest addition to FDIC’s Money Smart product family. This new educational tool provides practical knowledge to help consumers manage their finances with confidence. Users play games to learn more about borrowing money, managing debt, saving and…