EDA: $2.3 Million Invested to Provide Critical Water Infrastructure Upgrades in Bourne, MA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the town of Bourne, Massachusetts, to construct a new waste water treatment plant. According to grantee estimates, the project is expected to create 30 jobs, retain 183 jobs and spur $18.3 million in…
EDA: $2 Million Invested to Support Workforce Development in Kannapolis, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Rowan-Cabarrus Community College of Kannapolis, North Carolina, to construct a new Advanced Technology Center (ATC) to serve regional industrial workforce demands for higher-skilled jobs. According to grantee estimates, the project is expected to…
CDFI Fund: U.S. Treasury Announces $142.9 Million in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $142.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2018 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation, development…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.20 The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates the importance of…
EDA: $1.6 Million Invested to Spur Manufacturing Growth in Houlton, ME
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Southern Aroostook Development Corporation of Houlton, Maine, to help build an industrial building that will house a manufacturing food-processing plant that will produce dietetically-specific laboratory research mouse feed. According to grantee estimates,…
EDA: $1.6 Million Invested to Make Critical Infrastructure Upgrades in Bardstown, KY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Bardstown, Kentucky, to make critical sewer infrastructure upgrades need to serve the local business community. According to grantee estimates, the project is expected to create 611 jobs and attract $369.5…
CDFI Fund: Revised Compliance Deadlines and Program Milestones for FY 2019
Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris recently indicated that CDFI Fund staff were reviewing each program’s timelines and priorities in response to the recent government shutdown. The five-week shutdown requires the CDFI Fund to alter deadlines, and anticipated timelines, for compliance and reporting, awards announcements, and the opening of application rounds….
OCC: Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending
Comptroller of the Currency Joseph Otting today issued the following statement supporting Director Kathy Kraninger and the Consumer Financial Protection Bureau’s proposed rule rescinding requirements that lenders make certain underwriting determinations before issuing short-term small-dollar loans. On February 6, 2019, the Consumer Financial Protection Bureau took an important and courageous step that will allow banks…
EDA: $1.5 Million Invested to Support Manufacturing Growth in White Sulphur Springs, WV
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of White Sulphur Springs, West Virginia, to upgrade and improve water infrastructure. According to grantee estimates, the project is expected to create 82 jobs, retain 20 jobs and spur $35.1 million…
CDFI Fund: New Dates and Registration Open for FY 2019 CDFI Bond Guarantee Program Application Workshop
Due to the Government shutdown, the CDFI Bond Guarantee Program Application Workshop previously scheduled for January 29 & 30, 2019, was canceled. This two-day workshop for potential fiscal year (FY) 2019 Qualified Issuer and Guarantee applicants has been rescheduled for February 25 & 26, 2019, and will be co-sponsored with and hosted by the Office…