EDA: $975,000 Invested to Support Aerospace Industry Training Near West Virginia Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $975,000 grant to Marshall University Research Corporation, Huntington, West Virginia, to launch a new Aircraft Maintenance Technician (AMT) Training Program at the Robert C. Byrd Institute. The project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…
EDA: $956,858 in CARES Act Recovery Assistance Invested to Support Economic Diversification Efforts in Michigan Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $956,858 CARES Act Recovery Assistance grant to Lake Superior State University, Sault Ste. Marie, Michigan, to purchase lab equipment to build capacity at the Center for Freshwater Research and Education. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone,…
EDA: $892,000 in CARES Act Recovery Assistance Invested to Support Pandemic-Related Medical Technology Production in Omaha, NE
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $892,000 CARES Act Recovery Assistance grant to the University of Nebraska, Omaha, Nebraska, to create UNeTech Deploy!, a program to produce and deploy pandemic-related medical technology products. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $560,000 Invested to Support Business Growth in Cameron, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $560,000 grant to the city of Cameron, Texas, to make roadway improvements in downtown Cameron and the Cameron Industrial Park to support business retention, expansion, and attraction. The EDA grant, to be matched with $140,000 in local funds, is expected to create…
SBA: Emerging Leaders Initiative to Help Growing Entrepreneurs Opened for 2021 Recruitment
The U.S. Small Business Administration announced the launch of the 2021 Emerging Leaders initiative for executives of small businesses poised for growth in underserved markets. Local area recruitment for the 2021 training cycle is currently underway at designated SBA District Offices. Interested small business owners can learn more regarding eligibility, how to apply, class schedules and locations at www.sba.gov/emergingleaders,…
HUD: Thirty Public Housing Agencies Join Expansion of the Moving to Work Demonstration Program
HUD Invites Agencies to Apply to The MTW Demonstration Program to Study Work Requirements And Landlord Incentives Today, HUD announced the first thirty public housing agencies to join a small group of innovative agencies as part of the Moving to Work (MTW) demonstration program. Additionally, HUD is also inviting agencies interested in participating in this…
HUD: Find Shelter Tool Introduced to Help Community Members Locate Service Providers and Local Resources
Online tool provides mapping and contact information for local food, shelter, clothing, and healthcare resources U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today introduced the Find Shelter tool, a new resource developed by the Department to help individuals and families in need to locate nearby resources. Specifically, users can search for facilities…
SBA: Recipients Announced of Tibbetts Awards for Demonstrating Significant Economic and Social Impact
Today, the U.S. Small Business Administration announced 38 companies, seven organizations and 14 individuals as the winners of the prestigious Tibbetts Award for their accomplishments in creating cutting-edge technologies. The Tibbetts Awards, named after Roland Tibbetts, the founder of the SBIR Program, honors these awardees for the exceptional successes they achieved through SBA’s Small Business Innovation Research (SBIR) and Small Business…
FHFA: COVID-Related Loan Flexibilites Extended Until February 28, 2021
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until February 28, 2021. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31, 2021. Extended flexibilities include: Alternative appraisals on…
FHFA and Treasury: Fannie Mae and Freddie Mac Allowed to Continue to Retain Earnings
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) today announced amendments to the Preferred Stock Purchase Agreements (PSPAs). The amendments allow Fannie Mae and Freddie Mac (the Enterprises) to continue to retain earnings until they satisfy the requirements of the 2020 Enterprise capital rule. “Today’s agreement that allows Fannie Mae…