SBA: Two New Courses Introduced on Partnerships and Entrepreneurial Leadership in the Ascent Online Digital Learning Platform
The digital tool provides women-owned small businesses resources to drive growth through business partnerships, building and refining leadership skills Today, the U.S. Small Business Administration (SBA) announced the launch of two new educational modules. Ascent is a digital platform comprised of targeted education modules, called Journeys, that gives small business owners 24/7 access to critical information backed by research and addresses…
EDA: $3 Million in American Rescue Plan Funds Invested to Support Workforce Development in Southern California’s Entertainment Industry
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3 million grant to the Shakespeare Center of Los Angeles, Inc., Los Angeles, California, for renovations to a 6,688-square foot warehouse needed to train and upskill workers in Southern California’s entertainment industry. This grant is funded by the American Rescue Plan. This…
EDA: $2.4 Million Invested to Support Life Sciences Industry in Murrieta, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Murrieta, California, for renovations to the Murrieta Innovation Center needed to develop a life science startup incubator. This project will support business growth and job creation by supporting entrepreneurs,…
EDA: $1.8 Million in CARES Act Recovery Assistance Invested to Increase High-Speed Internet Connectivity in Grant County, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million CARES Act Recovery Assistance grant to the city of John Day, Oregon, to increase internet connectivity in Grant County. This project will support community broadband enhancements in the cities of John Day and Canyon…
EDA: $750,000 in American Rescue Plan Funds Invested to Boost Tourism and Create Jobs in Hogansville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the city of Hogansville, Georgia, to support the rehabilitation of the vacant Royal Theater. This grant is funded by the American Rescue Plan. This project will support the long-term recovery of tourism in the region by renovating an existing…
HUD: FHA Adds 40-Year Mortage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
Addition to loss mitigation home retention options allows servicers to assist additional FHA forward mortgage borrowers who are behind on mortgage payments due to COVID-19. The Federal Housing Administration (FHA) announced on Monday that it is adding a new, 40-year mortgage modification option for mortgage servicers to use in conjunction with its partial claim option to assist…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of the City of Tampa, Florida
Part of large-scale redevelopment master plan in the West River neighborhood that will feature a total of 670 homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on April 14 closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Tampa (THA) in Tampa, Florida, to…
HUD: First Ever Equity Action Plan Released
The U.S. Department of Housing and Urban Development (HUD) on Thursday released its first ever Equity Action Plan in coordination with the Biden-Harris Administration’s whole-of-government equity agenda. “Equity is central to HUD’s founding principles and the daily work we do as a Department,” said Secretary Marcia L. Fudge. “We are excited to take this opportunity to join…
FHFA: Strategic Plan for Fiscal Years 2022 through 2026 Finalized
The Federal Housing Finance Agency (FHFA) today issued the FHFA Strategic Plan: Fiscal Years 2022-2026 (Strategic Plan). The Strategic Plan provides a framework that outlines the Agency’s priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). The Strategic Plan continues existing priorities…
EDA: $45 Million Available for FY22 “Build to Scale” Funding Opportunity to Strengthen Regional Innovation Hubs and Invest in Local Business Startups
Today, the U.S. Commerce Department announced the opening of the Economic Development Administration’s (EDA) FY22 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable business startups. The Build to Scale program’s national competitions will deploy $45 million to further technology-based economic development initiatives that accelerate high-quality job growth, create more…