SBA: $2.7 Million in Grants Awarded to 14 Women’s Business Centers
Funding Aims to Help Improve Innovative Projects Aiding Women-owned Businesses Impacted by COVID-19 The U.S. Small Business Administration issued 14 grant awards of up to $200,000 each to organizations in 13 states as part of the Women’s Business Centers (WBC) Resiliency and Recovery Demonstration Grant under the SBA’s Office of Women’s Business Ownership (OWBO). The purpose of the grants is…
FDIC: New FDITECH Sprint Launched to Measure and Test Bank Operational Resiliency
The Federal Deposit Insurance Corporation (FDIC) today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in banking. Read…
HUD and FHFA Collaboration to Advance Fair Housing and Fair Lending Enforcement Announced
Today, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD…
FDIC: FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The FDIC’s tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. This first-of-its-kind…
EDA: U.S. Department of Commerce Launches STEM Talent Challenge to Fuel Nation’s Growing Innovation
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the launch of the Economic Development Administration’s (EDA) STEM Talent Challenge to support programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation. The $2 million STEM Talent Challenge will provide funding for work-and-learn programs to increase America’s STEM-capable workforce…
EDA: $5.1 Million in CARES Act Recovery Assistance Invested to Improve Marine Cargo Infrastructure in Hoonah, AK
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 city of Hoonah, Alaska, to make critical infrastructure improvements to the Hoonah Marine Industrial Center Cargo Dock. This EDA grant is expected to create or retain nearly…
EDA: $2.6 Million in CARES Act Recovery Asssistance Invested to Support Hospital Business Park Improvements in Shelburne, IN
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 town of Shelburn, Indiana, to construct new water infrastructure and provide an adequate water supply and fire suppression capacity at the town’s Sullivan County Community Hospital Business…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Boost Manufacturing and Industrial Development in Sikeston, MO
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 the city of Sikeston, Missouri, to support development of the South Industrial Park. This EDA project, to be matched with $657,000 in other federal funds and $236,700 in local funds, is expected…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Manufacturing Growth in Huron, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Huron, Ohio, to reconstruct Sawmill Parkway, a critical roadway that serves Erie County’s largest industrial park. This EDA grant, to be matched with $1.3 million…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested for Broadband Infrastructure in Bernalillo County, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the county of Bernalillo, New Mexico, to build fiber optic infrastructure to support business expansion. This EDA grant, to be matched with $303,147 in local funds, is expected…