EDA: $2.3 Million in CARES Act Recovery Assistance Invested to Support Rural Economic Recovery in Colorado
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million CARES Act Recovery Assistance grant to the Colorado Department of Local Affairs, Denver, Colorado, to help rural Colorado communities develop economic recovery and resiliency plans needed to support the growth of regional economies and businesses…
EDA: $2.25 Million in CARES Act Recovery Assistance Invested to Boost Recovery Efforts of Small Businesses Across the Southeast
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.25 million CARES Act Recovery Assistance grant to Operation Hope, Inc., Atlanta, Georgia, to support small business coronavirus pandemic response and resiliency efforts in the southeastern United States. This EDA grant will be matched with $567,918 in…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Pipeline Workforce Training Efforts, in Fairbanks, AK
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Fairbanks Pipeline Training Center Trust, Fairbanks, Alaska, to acquire heavy-duty equipment needed to expand workforce training efforts. This EDA grant, to be matched with $499,040 in local investment, is…
EDA: $1.25 Million in CARES Act Recovery Assistance Invested to Expand Fairview Regional Medical Center in Fairview, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million CARES Act Recovery Assistance grant to the city of Fairview, Oklahoma, to assist in the expansion of the outpatient therapy department of Fairview Regional Medical Center. This EDA grant, to be matched with $336,199 in…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Safe Businesses Reopening Efforts in Redmond, WA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to OneRedmond, Redmond, Washington, to provide technical assistance needed to help coronavirus-impacted small businesses reopen safely and successfully. This EDA grant, to be matched with $160,000 in local investment, is expected to create or retain 2,000…
CDFI Fund: Change in Deadline for Annual Certification and Data Collection and Compliance Reports
The Community Development Financial Institutions Fund (CDFI Fund) is extending the deadline to submit Annual Certification and Data Collection Reports (ACRs) and compliance reports for organizations with an upcoming reporting deadline between March 28 and 31, 2021. The new deadline to submit these reports is April 30, 2021. The ACR and compliance report submission deadline is…
SBA: American Rescue Plan Act Elevates Small Business Support in Response to COVID-19 Pandemic
Statement from SBA Senior Advisor Michael Roth Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated: “The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide essential services for…
FHFA: COVID-Related Loan Flexibilities Further Extended Until April 30, 2021
Some flexibilities expected to be retired on April 30, 2021 The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend temporary loan origination flexibilities until April 30, 2021. The temporary flexibilities are designed to ensure continued support for borrowers during the COVID-19 pandemic. All temporary flexibilities were…
CFPB: Abusiveness Policy Statement Rescinded to Better Protect Consumers
Today, the Consumer Financial Protection Bureau (CFPB) announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.” Going forward, the CFPB intends to exercise its supervisory and enforcement authority consistent with the full scope of its statutory authority under the Dodd-Frank Act as established by…
SBA: Changes to Paycheck Protection Program by Biden-Harris Administration Increases Equitable Access to Relief
Early indications show program reforms and efforts to engage with communities authentically are working in meaningful ways. Two weeks ago, the Biden-Harris Administration made several reforms to the Paycheck Protection Program (PPP) to further ensure small businesses get the help they need, especially Mom-and-Pop businesses in underserved communities. Putting equity at the center of its policies and…