FHFA: RFI Issued on Climate and Natural Disaster Risk Management at Regulated Entities

The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on the current and future natural disaster risk to the housing finance system and to Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (the FHLBanks)—collectively the regulated entities. The information that FHFA […]

FDIC: Rule on the Role of Supervisory Guidance Approved

 The Federal Deposit Insurance Corporation (FDIC) approved a final rule outlining and confirming the agency’s use of supervisory guidance for regulated institutions. The final rule codifies the interagency statement on the role of supervisory guidance, as amended, issued in September 2018 to clarify the differences between regulations and guidance, and […]

EDA: $2 Million in Grants Awarded to Drive Innovation and Entrepreneurship through Inaugural STEM Talent Challenge

Economic Development Administration’s Program Supports Efforts of Seven Organizations in Seven States WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced the seven grant recipients of the Economic Development Administration’s (EDA) STEM Talent Challenge to boost local science, technology, engineering, and math (STEM) talent.  The inaugural STEM Talent Challenge funding opportunity kicked off in […]

EDA: $5.98 Million Invested to Protect Businesses from Flooding in San Diego, CA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.98 million grant to the city of San Diego, California, to make stormwater infrastructure improvements needed to mitigate the impact of flooding on local industry. The EDA grant, to be matched with […]

EDA: $3.4 Million Invested to Support Manufacturing Growth in Kincheloe, MI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Chippewa County Economic Development Corporation, Kincheloe, Michigan, to build a manufacturing facility at Chippewa County Air/Industrial Park and expand an existing railroad spur to serve the facility. […]

EDA: $2.7 Million in CARES Act Recovery Assistance to Establish Revolving Loan Fund to Serve Businesses in Fresno and San Luis Obispo Counties, California

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to California Coastal Rural Development Corporation (CCRDC), Salinas, California, to establish and administer a Revolving Loan Fund (RLF) in support of coronavirus-impacted small businesses in […]

EDA: $2.56 Million Invested to Support Economic Development and Disaster Resiliency Efforts in Loudon, TN Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.56 million grant to the city of Loudon, Tennessee, to make infrastructure improvements to allow for expansion of new and existing industries in the region. The EDA grant, to be matched with […]

EDA: $2.4 Million Invested to Boost Disaster Resiliency Efforts in Cascade Locks, OR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Cascade Locks, Oregon, to make power supply infrastructure improvements needed to support business growth. The EDA grant, to be located in a Tax Cuts and Jobs […]

EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Aid Reopening of the Tourism Industry in Colorado

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Colorado Office of Economic Development and International Trade (OEDIT), Denver, Colorado, to support the Restart and Reimagine Colorado Tourism Industry project to aid […]

EDA: $2.25 Million Invested to Support Wastewater Infrastructure Planning Efforts in Hawaii County, HI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.25 million grant to Hawaii County, Hawaii, to develop a wastewater collection and treatment infrastructure plan to support new and existing business. “The eruption of the Kīlauea Volcano and the Hurricane Lane […]