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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of Alaska and provide support to homeowners and low-income renters forced from their homes in areas affected by earthquake. On January 31st, President Trump […]
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 […]
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 […]
