SBA: Small Business Digitial Alliance Publishes Library of Free Digital Tools for Small Businesses
In addition to the new digital tool library geared toward empowering entrepreneurs to scale their business, SBDA announces additional details of its first National Webinar Today, the Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer…
EDA: $24.6 Million in American Rescue Plan Funds Invested in Communities Across the Nation
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding the following new grants funded by the American Rescue Plan. U.S. Department of Commerce Invests $1.6 Million in American Rescue Plan Funds to Support Small Businesses in Southwestern Oregon U.S. Department of Commerce Invests $500,000 in American…
SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded
Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in…
FDIC: Request for Comment Issued on Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions
The Federal Deposit Insurance Corporation (FDIC) today is requesting public comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are intended for the largest…
SBA: Women’s Business Center Network Expands to All 50 States
Alaska Women’s Business Center is the SBA’s 141st WBC and marks the expansion of the Women’s Business Center network to every state in the nation Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the launch of the 141st Women’s Business Center (WBC)…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Northwest and Central Oklahoma
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund to support small businesses in 23 counties. Through this grant, SWIFT will…
EDA: $1.7 Million in CARES Act Recovery Assistance Invested to Expand Broadband Service in the Manufacturing, Agricultural and Technology Industries in Rural Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million CARES Act Recovery Assistance grant to Northwest Central Indiana Community Partnerships, Inc., West Lafayette, Indiana, to expand broadband access in Central Indiana in support of the region’s manufacturing, agricultural and technology industries. This project…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Duluth, MN to Preserve 387 Homes for Low-Income Families
Transaction will allow for King Manor and Tri-Towers rental homes to remain permanently affordable to low-income Duluth residents on the Project-Based Rental Assistance platform The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on March 24 closed a Rental Assistance Demonstration (RAD) transaction with the Housing and Redevelopment Authority (HRA) of Duluth,…
OCC: Acting Comptroller Launches Project REACh Efforts in Dallas
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology…
HUD: $72 Million Announced for Funding Opportunity to Help Youth Experiencing Homelessness
Funding will support up to 25 communities in developing and implementing a coordinated community approach to preventing and ending youth homelessness. The U.S. Department of Housing and Urban Development (HUD) is making $72 million in Youth Homelessness Demonstration Program (YHDP) funding available to up to 25 communities nationwide. Funding will be utilized for developing and…