Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
HUD: FHA Real-Estate Owned Property Purchase Opportunities Expanded for Owner-Occupied Buyers
Expanded exclusive listing period increases priority purchase opportunities on HUD-owned single-family homes for owner-occupants, HUD-approved nonprofits, and governmental entities. The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit…
SBA: Council on Underserved Communities Holds First Virtual Meeting
On Tuesday, 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, joined John W. Rogers, Jr., Chairman of the Council on Underserved Communities (CUC), to hold the first meeting of the reconvened council. “I’m excited for this kick-off as the CUC and its important mission…
EDA: $2.3 Million Invested for Broadband Infrastructure in Anacortes, WA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Anacortes, Washington. This project will support the installation of broadband infrastructure throughout Anacortes, expanding high-speed internet service to all of the city’s households, and providing additional connectivity to local…
EDA: $1.6 Million Invested to Support Foreign Business Investment in Binghamton, NY
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Research Foundation for the State University of New York, Binghamton, New York. This investment will support the Southern Tier Soft Landing Program, to attract foreign business investment in Upstate New York…
EDA: $1.6 Million Invested to Support Development of New Business and Healthcare Infrastructure in King and Queen County, VA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to King and Queen County, Virginia. This project will address a pressing need for new medical and business development space in King and Queen County by supporting the construction of a multi-tenant, pre-engineered…
EDA: $955,000 Invested to Improve Transportation Infrastructure in Moscow, ID
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $955,000 grant to the city of Moscow, Idaho. This investment will provide for the construction of a new bridge on Paradise Creek, to support local businesses in the medical and agricultural sectors of the economy. The 24-foot, single-span bridge will replace a…
CFPB: New Bulletin Issued to Prevent Unlawful Medical Debt Collection and Credit Reporting
New Law Limits Surprise Medical Bills The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. Companies that try to collect on medical bills that are prohibited by the No…
ABA: Bank Economists See Return to Full Employment in 2022
Interest Rates to Rise, Inflation to Slow Economic growth will slow relative to last year’s robust pace but remain above long-run potential, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The EAC consensus forecast also anticipates softer but still elevated inflation in 2022 along with three interest rate increases from…
HUD: Disaster Assistance Announced for Missouri Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Missouri affected by severe storms, straight-line winds, and tornadoes on December 10, 2021. On January 11, President Biden issued a major disaster declaration for Bollinger, Dunklin, Iron, Madison, Pemiscot,…