ABA: Six Banks Win ABA Foundation’s 2021 Community Commitment Awards
Banks of all sizes earn banking industry’s highest honor awards for community programs The American Bankers Association Foundation named six banks as 2021 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in six specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in…
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…
EDA: $3.6 Million Invested to Establish a Manufacturing Workforce Training Center in Cleveland, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to the Workroom Program Alliance and the Cleveland Municipal School District., Cleveland, Ohio, to renovate a 33,000-square-foot space within Cleveland’s Collinwood High School for use as an adult technical training and workforce development…
FHFA: Changes Announced to Common Securitization Solutions Board Structure
The Federal Housing Finance Agency (FHFA) today announced that Common Securitization Solutions (CSS) is undertaking a series of actions to better align its corporate governance structure with its core mission of supporting the infrastructure for Fannie Mae and Freddie Mac (the Enterprises) mortgage-backed securities issuance. Matthew Feldman has been named Chairman of the Board of…
FEMA: Four Additional Counties Eligible for FEMA Public Assistance in North Carolina
Local governments and certain nonprofit organizations in Ashe, Graham, Jackson and Mitchell counties are now eligible for FEMA Public Assistance grants for recovery from Tropical Storm Fred. On Oct. 1, the major disaster declaration was amended to add four more counties affected by flood damage after Tropical Storm Fred. Previously Avery, Buncombe. Haywood, Madison, Transylvania,…
FDIC: Six Teams Selected in Sprint for Banks to Measure and Test Resiliency
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of six teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. The FDIC’s tech lab, FDITECH, launched registration for From Hurricanes…
CDFI Fund: Public Comments Requested on Small Dollar Loan Program Application
The U.S. Department of the Treasury, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act (PRA) of 1995, 44 U.S.C. 3506(c)(2)(A). Currently, the Community Development…
EDA: $6 Million Invested for Infrastructure Improvements to Boost High-Tech Business Growth in Cass County, MI
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Midwest Energy Cooperative, Cassopolis, Michigan, a community that traditionally has been dependent on nuclear plants, to construct the needed road, sewer, and water infrastructure to support the 234-acre Southwest Michigan Advanced Research…
EDA: $5.1 Million in CARES Act Recovery Assistance Invested to Construct a Warehouse and Hangar Facility to Support Job Creeation in Mobile, AL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million CARES Act Recovery Assistance grant to the Mobile Airport Authority, Mobile, Alabama, to construct a multi-use cargo warehouse and hangar facility at the Mobile Aeroplex, promoting business expansion and job creation. This EDA grant,…
EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support Innovation and Entrepreneurship in Flint, MI
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 University of Michigan-Flint, Flint, Michigan, to construct the university’s new College of Innovation and Technology. This EDA grant, to be matched with $4.9 million in local funds,…