Industry News

EDA: $1.1 Million Invested to Support an Inter-Regional Economic Development Plan and Create Jobs in Metropolitan Washington, D.C.

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Connected DMV, an organization located in Arlington, Virginia, to support their ‘DMV Regional Equity and Growth Playbook’ to boost business growth and create jobs. This EDA project will be matched with $286,671…

FDIC: New Tool Released to Build Financial Capability

FDIC released How Money Smart Are You? on September 30th. This suite of 14 self-paced games and related resources is the newest addition to FDIC’s Money Smart product family. This new educational tool provides practical knowledge to help consumers manage their finances with confidence. Users play games to learn more about borrowing money, managing debt, saving and…

EDA: $2.9 Million in CARES Act Recovery Assistance Invested to Build Broadband Infrastructure to Serve Businesses and Residents in Farmersville, TX

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million CARES Act Recovery Assistance grant to the city of Farmersville, Texas, to build new fiber optic broadband infrastructure to support businesses and residents. This EDA grant will be matched with $727,203 in local funds….

EDA: $2 Million in CARES Act Recovery Assistance Invested for Rail Expansion to Support Manufacturing Sector in Wynne, AR

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Wynne, Arkansas, to construct a new industrial rail spur facility to support local manufacturers. This EDA grant, to be matched with $500,000 in local funds,…

EDA: $1.2 Million in CARES Act Recovery Assistance Invested for Rail Port Improvements to Support Businesses and Create Jobs in Lubbock, TX

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the Lubbock Economic Development Alliance, Lubbock, Texas, for enhancements to the Lubbock Rail Port, supporting job creation and business expansion. This EDA grant, to be matched with $1.2…

EDA: $1.1 Million Invested to Support Healthcare Workforce Programs to Benefit Coal Communities in Western Colorado

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Colorado Mesa University (CMU), Grand Junction, Colorado, to provide equipment and technology to support physician’s assistant, physical therapy, and occupational therapy degree programs. This EDA grant will be matched with $280,495 in…

ABA: Indiana Banker and Ohio Farm Broadcaster Receive Top Ag Banking Awards

The American Bankers Association today announced the recipients of its Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking. ABA will honor Joseph F. Kessie, senior vice president and commercial regional manager of Lake City Bank in Indiana, with the Bruning Award and Joe Cornely, founder of Farm Media…

HUD: Over $15 Million Awarded in Research Grants to Reduce Housing-Related Health Hazards and Improve Energy Efficiency

Funding to improve methods to identify and control key residential hazards The U.S. Department of Housing and Urban Development (HUD) today awarded $15.7 million to 18 universities, public health, and housing organizations to conduct housing-related hazard and energy efficiency research studies. Provided through HUD’s Office of Lead Hazard Control and Healthy Homes (OLHCHH), the research…

SBA: New Women’s Business Center Launched in Tulsa, OK

A New Women’s Business Center Will Provide Resources to Help Women Entrepreneurs Start, Grow, And Expand in the Tulsa Area The U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today the launch of a new Women’s Business Center (WBC) in Tulsa, OK that will be operated by the U.S. Black Chambers Inc., in partnership with the…

FHFA: 2022 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced

The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each Enterprise in 2021,…