SBA: Closure of Restaurant Revitalization Fund Program Announced
Over 100k restaurants were awarded $28.6 billion; Average award was $283K Today, U.S. Small Business Administration Administrator Isabel Guzman announces the closure of the Restaurant Revitalization Fund (RRF) program, signed into law by President Joe Biden as part of the American Rescue Plan. The program provided much needed economic aid to restaurants and other establishments struggling to make…
SBA: Humboldt State University Awarded $258,000 to Launch a Veterans Business Outreach Center
The U.S. Small Business Administration awarded over $258,000 in funding to Humboldt State University to provide training and counseling as a Veterans Business Outreach Center (VBOC) serving veteran small business owners in Northern California (to include all counties north of Santa Barbara, Ventura, Los Angeles, and San Bernardino counties). The funding opportunity, offered by SBA’s Office of…
SBA: Extension of $100 Million Grant “Community Navigator Pilot” Program Proposals to July 23, 2021 Announced
Grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan Today, the U.S. Small Business Administration announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates making award decisions by September 2021. This new initiative, established…
FHFA: Policy Statement on Fair Lending Issued
FHFA also requiring the Enterprises to submit fair lending reports Today, the Federal Housing Finance Agency (FHFA) issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks (together, the regulated entities) and provides a foundation…
EDA: $3.2 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in California
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.2 million in CARES Act Recovery Assistance grants to help the state of California prevent, prepare for, and respond to coronavirus. “President Biden is committed to empowering communities to build back stronger after the economic disruptions of…
EDA: $2.8 Million Invested to Expand Workforce Training Programs in Starke County, IN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to Starke County Initiative for Lifelong Learning, Inc. (SCILL), Knox, Indiana, to construct a 12,000-square-foot workforce training center for precision welding, automation, robotics, and equipment maintenance programs. This EDA project, to be matched…
EDA: $2.2 Million Invested to Replace Critical Infrastructure and Support Job Creation in West Plains, MO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of West Plains, Missouri, to make critical railroad infrastructure improvements to support job creation and economic resiliency efforts. This EDA project, to be matched with $3.9 million in other federal,…
EDA: $1.75 Million in CARES Act Recovery Assistance Invested to Grow Healthcare Workforce Training Program in Grand Island, NE
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.75 million CARES Act Recovery Assistance grant to CHI Health St. Francis, Grand Island, Nebraska, to renovate its medical center and support the expansion of vocational training programs in healthcare. This EDA grant, to be matched…
EDA: $1.3 Million Invested to Support the Growth of Transportation, Distribution, and Logisitics Businesses in Avilla, IN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the town of Avilla, Indiana, for road, water and sewer infrastructure to support expansion of the town’s industrial park and promote business growth and job creation. This EDA project, to be matched…
EDA: $894,960 in CARES Act Recovery Assistance Invested to Support Economic Diversification Efforts in Ho-Chunk Nation in Wisconsin
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $894,960 CARES Act Recovery Assistance grant to the Ho-Chunk Nation, Black River Falls, Wisconsin, to develop an economic diversification strategy plan that assesses assets, resources and potential opportunities to build economic resiliency. This EDA grant will be matched with $136,960 in local…