Industry News

SBA: Los Angeles Investment Firm Named Small Business Investment Company of the Year

Avante Mezzanine Partners, a woman-owned fund of Los Angeles, Calif. has been named the 2018 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration.  Avante, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part…

SBA: National Small Business Week Tour Stops in Raleigh, NC on May 3rd

During National Small Business Week, the U.S. Small Business Administration celebrates the 30 million small businesses that are the engines of our national economy. SBA Administrator McMahon will visit small businesses on a four-state bus trip across the Southeast, highlighting the innovators and job creators that make our communities vibrant places to live, work and…

SBA: National Small Business Week Kicks Off in Washington, DC on April 29th

Administrator Linda McMahon, the head of the U.S. Small Business Administration, will be the keynote speaker to kick off the first leg of the 2018 National Small Business Week events in Washington, D.C. on April  29-30.  Small business entrepreneurs, industry leaders and other award winners from around the country will converge on D.C. to receive…

HUD: University of Maryland Wins HUD’s Innovation in Affordable Housing Student Design and Planning Competition

The U.S. Department of Housing and Urban Development (HUD) today announced the University of Maryland, College Park as the winner of its 2018 Innovation in Affordable Housing Student Design and Planning Competition. A team of graduate students received top honors for their project, Beacon Crossing—a plan for public housing in Dover, N.H., that will provide…

SBA: CDC Small Business Finance Wins SBA’s 2018 Jody C. Raskind Award

The Certified Development Company (CDC) Small Business Finance, a California-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient.  This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start,…

CDFI Fund: First-Time CDFI Fund Grant Applicants Should Register with SAM.gov ASAP

Process for registering new entities may increase application time Are you interested in applying for an upcoming Community Development Financial Institutions Fund (CDFI Fund) program round, but you haven’t registered in the General Services Administration (GSA) System for Award Management (SAM) yet? Please pay close attention to the following information: Due to recent third-party fraudulent…

ABA: Bankers Celebrate 21st Annual Teach Children to Save on April 20th

Estimated 444,000 students will be reached in 2018 through Teach Children to Save More than 12,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day on April 20. Since 1997, Teach Children to Save and the ABA Foundation’s financial education initiatives have reached approximately 10.3…

Federal Reserve: Application Period Open for Community Advisory Council Membership

The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board’s other advisory councils whose members represent…

HUD: Justice Department and HUD Join Forces in Nationwide Initiative to Combat Sexual Harassment in Housing

Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the nationwide rollout of an initiative aimed at increasing awareness and reporting of sexual harassment in housing. The announcement includes an interagency…

FDIC: Use of Technology in the Business of Banking Forum Scheduled for May 7th

The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging technologies that are transforming banking operations; the impact of emerging technologies on retail banking, including new and innovative delivery channels, enhanced customer experiences, and economic…