SBA: Minnesota Investment Firm Named Small Business Investment Company of the Year
Spell Capital Mezzanine SBIC Partners II, L.P of Minneapolis, MN, has been named the 2020 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration as part of National Small Business Week. Spell Capital Mezzanine, along with other national winners and finalists for the National Small Business Person of the Year, will be honored…
SBA: 2020 Phoenix Award Champions Honored for Outstanding Disaster Recovery Efforts
The U.S. Small Business Administration today announced the 2020 National Small Business Week Phoenix Award winners for their outstanding and inspiring resilience in the aftermath of devastating disasters. The virtual National Small Business Week event, rescheduled from May due to the coronavirus pandemic, will be held September 22-24. This year’s National Small Business Week activities will include numerous educational panels providing…
EDA: $35 Million Invested to Fuel High-Growth Entrepreneurship Across America
Economic Development Administration’s Build to Scale Program Supports Efforts of 52 Organizations in 36 States U.S. Secretary of Commerce Wilbur Ross today announced that 52 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 36 states will receive grants totaling $35 million to support entrepreneurship, acceleration of company growth, and increased…
EDA: $2.9 Million Invested to Boost Business Growth Near Opportunity Zone in Marshalltown, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant to the city of Marshalltown, Iowa, to make infrastructure improvements needed to support industrial development. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $1.4 million…
CDFI Fund: $25.2 Million Awarded to Banks that Increased Investments in Severely Distressed Communities
Recipients Collectively Increased Lending and Services to Nation’s Most Distressed Areas by $455 million Washington, DC – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today nearly $25.2 million in awards to 138 FDIC-insured banks, through the fiscal year (FY) 2020 round of the Bank Enterprise Award Program (BEA Program),…
EDA: $3 Million Invested to Boost Manufacturing Growth in Mission, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mission Economic Development Corporation, Mission, Texas, to make critical infrastructure improvements needed to advance economic growth in the Shary Village Industrial Park and improve the area’s resilience against future natural disasters. The…
HUD: Secretary Carson Announces Expansion of HUD’s “Moving to Work” Demonstration
Department invites 100 additional Housing Authorities to join the program over next two years During his remarks at the Public Housing Authorities Directors Association’s (PHADA) 2020 Legislative Conference, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that the Department is expanding its Moving to Work (MTW) Demonstration, which invites 100 additional…
FHFA: Debra Chew Announced as Director for the Office of Equal Opportunity and Fairness
The Federal Housing Finance Agency (FHFA) today announced that Debra Chew will join FHFA as Director for the Office of Equal Opportunity and Fairness (OEOF) on September 28, 2020. OEOF was created in January 2020 to elevate the importance of Equal Employment Opportunity (EEO), Alternative Dispute Resolution, and anti-harassment functions within FHFA and reaffirm FHFA’s…
Federal Reserve: Webinar on ANPR on the Community Reinvestment Act Scheduled for Monday 9/21
Government in the Sunshine Meeting Notice Agency: Board of Governors of the Federal Reserve Time, date: 10:00 a.m., Monday, September 21, 2020 Place: Virtual Webcast Meeting – The meeting is open to the public, but due to the current coronavirus pandemic, the public may observe this Board meeting via a live webcast on the Board’s…
EDA: Over $53 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: September 11, 2020 – U.S. Department of Commerce Invests $68,250 in CARES Act Recovery Funds to Support Entrepreneurial Growth Efforts in West Michigan…