EDA: $900,000 in CARES Act Recovery Assistance Invested to Bolster Workforce Development in Little Rock, AR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 CARES Act Recovery Assistance grant to the University of Arkansas at Little Rock, Little Rock, Arkansas, to develop a workforce training strategy with a special emphasis on technological skills and to support business community recovery efforts across Arkansas. The EDA grant…
EDA: $865,000 Invested to Support Tech-based Manufacturing and Job Growth Efforts at the Reese Technology Center in Lubbock, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $865,000 grant to Lubbock Reese Redevelopment Authority (LRRA), Lubbock, Texas, to make critical security and airport runway enhancements to facilitate job creation at the Reese Technology Center. The EDA grant, to be matched with $865,000 in local investment, is expected to generate…
EDA: $508,000 Invested to Make Critical Water System Improvements in Centerville, TN
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $508,000 grant to the Town of Centerville, Tennessee, to make water infrastructure improvements needed to protect local businesses from flooding. This EDA grant, to be matched with $127,000 in local investment, is expected to create 55 jobs and generate $9.5 million in…
SBA: Lenders and SBA Take More Steps to Improve Paycheck Protection Program
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs Today, the U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much needed PPP funds to persevere through the pandemic, recover, and build back better. The Administration is working with the Agency to increase…
FHFA: COVID-Related Loan Flexibilities Further Extended Until March 31, 2021
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until March 31, 2021. The changes are designed to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on February 28, 2021. Extended flexibilities include: Alternative appraisals…
FHFA: Foreclosure and REO Eviction Moratoriums and COVID Forebearance Period Extended
Borrowers can now be in COVID forbearance for up to 15 months Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The…
EDA: $11.2 Million Invested to Rehabilitate Roadway Infrastructure in Saipan, Northern Mariana Islands
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $11.2 million grant to the Office of the Governor, Commonwealth of the Northern Marianas Islands, to rehabilitate roadway infrastructure within a commercial district of Saipan. This EDA grant is expected to help create nearly 300 jobs and generate more than $1.3 million…
EDA $6.9 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Facility at College of Southern Nevada
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $6.9 million CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support workforce education and training at the College of Southern Nevada. This EDA grant is expected to help create 300 jobs. “EDA is pleased…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Support Entrepreneurial Growth Efforts in Wyoming
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the University of Wyoming, Laramie, Wyoming, to expand services and support for entrepreneurs across the state of Wyoming. This EDA grant, to be matched with $600,000 in local investment, is expected to create 368…
EDA: $1.75 Million Invested to Expand Raleigh County Business Park in Beaver, WV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.75 million grant to Raleigh County Memorial Airport, Beaver, West Virginia, to provide critical infrastructure needed to expand the Raleigh County Business Park. This EDA grant, to be matched with $4.85 million in state and local funds, is expected to create 624…