EDA: $729,560 Invested to Boost Minority-Owned Business Growth in Mobile, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $729,560 grant to Vivian’s Door, Mobile, Alabama, to provide technical assistance to minority-owned and distressed local businesses. This grant will support the Vivian’s Door Initiative to continue to build the capacity of small business owners, with a focus on marginalized and underserved…
FEMA: President Biden Approves Major Disaster Declaration for Alabama
FEMA announced federal emergency aid has been made available to the state of Alabama to supplement state, tribal and local recovery efforts in areas affected by severe storms, straight-line winds and tornadoes March 24-27, 2023. The President’s action makes federal funding available to state, tribal, eligible local governments and certain private nonprofit organizations on a cost-sharing basis…
CFPB: New Report Highlights Costly Credit Cards and Loans Provided to Medical Patients
Financial companies work with healthcare providers to sign patients up for specialty credit cards and other targeted financing products Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients as a way to alleviate the growing costs of medical care….
ABA: Foundation Recognizes Older Americans Month and Offers New Resources on Financial Caregiving
In recognition of Older Americans Month, the ABA Foundation today released three new videos on financial caregiving as a part of its Safe Banking for Seniors program. The free national program, which aims to protect older Americans from financial exploitation, provides bankers with turnkey tools and resources to help them connect with their communities on this complex…
FEMA: Additional California Counties Affected by Severe Winter Storms Now Eligible for FEMA Assistance
Residents of Madera, Mendocino and Mono counties are now eligible for federal disaster assistance through FEMA. Madera, Mendocino and Mono counties were added to the major disaster declaration for California’s severe storms and flooding that began on Feb. 21. They join the counties previously designated for Individual Assistance: Kern, Mariposa, Monterey, San Benito, San Bernardino, Santa Cruz, Tulare and Tuolumne. In addition, Amador, Butte, Del Norte,…
HUD: $382 Million Allocated to Help States Produce Affordable Housing
Housing Trust Fund Allocations will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households Today, the U.S. Department of Housing and Urban Development (HUD) allocated $382 million through the nation’s Housing Trust Fund (see list of state allocations below). The Housing Trust Fund (HTF) is an affordable housing…
EDA: $3.6 Million Invested for Infrastructure Improvements to Support Business Growth in Georgetown County, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to Georgetown County, South Carolina, for infrastructure improvements to support business growth and job creation. This project will provide site upgrades at Georgetown County Airport necessary for the development of two commercial hangars, including updated…
EDA: $4.3 Million Invested to Boost Business Growth and Workforce Development in Arkansas
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.3 million in the state of Arkansas to make critical infrastructure improvements needed to support business growth and workforce development. The EDA investments announced today are: Pulaski County will receive a $3 million EDA grant to extend rail service…