FEMA: President Biden Approves Major Disaster Declaration for Delaware
FEMA announced today that federal disaster assistance has been made available to the state of Delaware to supplement state and local recovery efforts in the areas affected by remnants of Hurricane Ida, Sept. 1-7, 2021. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for…
SBA: Hurricane Ida Assistance Has Exceeded $1 Billion
SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Seven Impacted States U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused by Hurricane Ida in September….
FDIC: FDITECH Selects Three Teams in Sprint to Help Banks Measure and Test Resiliency
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three teams in a ‘sprint’ designed to explore new technologies and techniques to help community banks, and the banking sector as a whole, evaluate how well they can withstand a major disruption of any type. The sprint’s evaluation panel selected the following organizations as…
Federal Reserve: Series of Diversity and Inclusion Conferences Announced for November
The Federal Reserve Board announced on Monday that it will host a series of diversity and inclusion conferences in November focused on the experiences that underrepresented groups have as they participate in the economy, the economics profession, central banking, and finance. Federal Reserve Board Chair Jerome H. Powell will provide opening remarks at each event….
ABA: National Survey Shows that Bank Customers Turn to Mobile Apps More Than Any Other Channel to Manage Their Accounts
COVID-19 accelerated move toward digital banking channels Consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found bank customers preferred mobile apps both prior to and following the onset of the…
FEMA: President Biden Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance has been made available to the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Ida from Aug. 28-Sept. 1, 2021. The President’s action makes federal funding available to affected individuals in Amite, Hancock, Harrison, Jackson, Pearl River, Pike, Walthall and Wilkinson counties….
FEMA: Dauphin and Delaware Counties in Pennsylvania Approved for Public Assistance
Delaware and Dauphin counties are now eligible to receive Public Assistance (PA). PA provides funding for repairs of public infrastructure. Federal aid has been granted to augment state and local recovery efforts in the areas damaged by the Remnants of Hurricane Ida. Damage assessments are continuing, and additional counties may be designated at a later…
EDA: $2 Million in American Rescue Plan Funds Invested to Diversify and Grow Morgantown, WV’s Economy
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding its first local investment as part of the Coal Communities Commitment to the Morgantown Utility Board in Morgantown, W.Va. The $2 million American Rescue Plan grant will help create 300 jobs and generate $250 million in private investment…
EDA: $3.7 Million Invested for Water Infrastructure Upgrades to Support Business in Winona, MS
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the city of Winona, Mississippi, for the installation of a 250,000-gallon water tank, creating economic resiliency while facilitating job creation and retention. The EDA grant, to be matched with $1.2 million in…
EDA: $2 Million Invested to Support Aviation Research Center at Wichita State University
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Wichita State University, Wichita, Kansas, to purchase key tools and supplies to support the new Flight Test Research Center and a Maintenance, Repair, and Overhaul facility for the National Institute for Aviation…