EDA: $690,604 Invested for Infrastructure Improvements to Boost Business and Job Growth in Elizabethtown, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $690,604 grant to Elizabethtown, North Carolina, for infrastructure improvements needed to support business and job growth in the region. This grant will support development of the Elizabethtown Industrial Park and its new Live-Work-Play campus, in a region impacted by changes in the…
EDA: $4.5 Million Invested in STEM Workforce Training Efforts Across the Country
Latest Department of Commerce Investments Help Bolster STEM Workforces in Technology Innovation Sectors Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced the 11 recipients of the 2023 STEM Talent Challenge, a national competition overseen by the EDA that supports programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation…
CFPB: New Guidance Issued on Credit Denials by Lenders Using Artificial Intelligence
Consumers must receive accurate and specific reasons for credit denials Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models. The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers. This means…
ABA: Banker and Professor Receive Top Ag Banking Awards
The American Bankers Association today announced the recipients of its annual Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking. ABA will honor Leonard Wolfe, president and CEO of United Bank and Trust based in Marysville, Kan. with the Bruning Award and Robert Craven, associate director of the Center…
FEMA: President Biden Approves Emergency Declaration for the Commonwealth of Massachusetts
FEMA announced today that federal disaster assistance has been made available to the Commonwealth of Massachusetts to supplement response efforts due to emergency conditions resulting from Hurricane Lee beginning Sept. 15-17, 2023. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by the emergency on the…
FEMA: President Biden Approves Emergency Declaration for Maine
FEMA announced that federal disaster assistance has been made available to the state of Maine to supplement response efforts due to emergency conditions resulting from Hurricane Lee from Sept.15-17, 2023. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by the storm on the local population…
FEMA: President Biden Approves Major Disaster Declaration for New Hampshire
FEMA announced that federal disaster assistance has been made available to the state of New Hampshire to supplement recovery efforts affected by severe storms and flooding from July 9-17, 2023. Public assistance federal funding is available to the state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and…
HUD: $7 Million Announced in Choice Neighborhood Planning Grants
Grants will fund community-driven revitalization planning in neighborhoods with distressed public housing. Today, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced $7 million in Choice Neighborhoods Planning Grants to 14 communities across America. Each awardee will receive a $500,000 grant to create a comprehensive neighborhood revitalization plan to redevelop severely…
SBA: Proposed Rule Empowers Returning Citizens to Start and Grow Businesses
Updated regulations would remove barriers to capital for entrepreneurs with certain types of justice involvement Today, the U.S. Small Business Administration (SBA) invited public comment on a proposed rule that would help expand access to SBA loan programs for people with certain criminal history records. These proposed reforms would open up entrepreneurship opportunities to the one in…
HUD: Ginnie Mae Announces First-Ever Social Bond Enhancements to Define Its Significant Impact in Promoting Broader Access to Mortgage Financing
Updates to Mortgage-Backed Securities Prospectuses and Social Impact and Sustainability Framework Support Ginnie Mae’s Mission Today, Ginnie Mae announced the launch of its “Social Bond” label for Single-Family Forward Mortgage-Backed Securities (MBS) prospectuses and released the Social Impact and Sustainability Framework. Together, these updates support Ginnie Mae’s mission-oriented work and communicate the positive social impact…