EDA: U.S. Department of Commerce Invests $23 Million to Support Economic Development Projects in Ten States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $23 million in awards for projects in ten states. The awards were provided through EDA’s FY 2025 Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The EDA awards…
EDA: U.S. Department of Commerce Invests $44 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $44 million in Disaster Supplemental funding awards to five states that were impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Economic Development Administration provides communities with the resources they need to rebuild their economies following…
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies’ supervisory experience and lessons learned from examining…
SBA: Guidance Issued to Prioritize Defense-Critical Firms as New 8(a) Program Rules Take Effect
Agency Advances the Smaller War Plants Commission’s effort to prioritize domestic production capacity and military readiness Today, the U.S. Small Business Administration (SBA) announced new guidance relating to recent reforms of the 8(a) Business Development Program for individually-owned firms. In support of President Donald J. Trump’s agenda to expand the Arsenal of Freedom here at home, and…
EDA: U.S. Department of Commerce Invests $159 Million in Disaster Supplemental Funding to Support Economic Development Projects in Helene-Impacted States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $159 million in Disaster Supplemental funding awards to several states impacted by Hurricane Helene and other natural disasters in 2023 and 2024. The EDA awards announced today are: “The Economic Development Administration remains committed to helping communities impacted by Hurricane Helene and other natural…
EDA: U.S. Department of Commerce Invests $62 Million to Support Economic Development Projects in Five Southeastern States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $62 million in awards for projects in five states across the Southeastern United States. The awards were provided through EDA’s FY 2025 Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support…
Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle
The federal bank regulatory agencies today issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle. The 21st Century ROAD to Housing Act increased the total asset threshold from $3 billion to $6 billion for certain supervised institutions to qualify for an extended 18-month on-site exam cycle. Extending…
HUD: Sponsors and Exhibitors Announced for 2026 Innovative Housing Showcase
Showcase Returns to National Mall September 22–24 to Celebrate American Ingenuity HUD today announced the sponsors and exhibitors for its sixth annual Innovative Housing Showcase, taking place on the National Mall from September 22–24. This year’s theme, “Made in America,” highlights American ingenuity and innovative approaches to expanding housing affordability and homeownership. “Under President Trump’s leadership, HUD is bringing the public and private sectors…
FEMA: President Trump Approves Major Disaster Declaration for Colorado
FEMA announced that federal disaster assistance is available to the state of Colorado to supplement recovery efforts in the areas affected by the wildfires, flooding and mudslides from June 27 – July 29, 2026. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on…